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KHYAP

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2021-09-23

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BlackBerry jumped over 6% in premarket trading

2021-09-23

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German economic recovery loses momentum in Sept - flash PMIs

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Euro-Area Business Activity ‘Markedly’ Slows Amid Supply Strains

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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1632384397,"share":"https://ttm.financial/m/news/1145961201?lang=&edition=fundamental","pubTime":"2021-09-23 16:06","market":"us","language":"en","title":"BlackBerry jumped over 6% in premarket trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1145961201","media":"Tiger Newspress","summary":"(Sept 23) BlackBerry jumped over 6% in premarket trading. BlackBerry EPS beats by $0.01, beats on re","content":"<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a> jumped over 6% in premarket trading.&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a> EPS beats by $0.01, beats on revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/d28b69e5d1b1519e607d1a6677c5fa40\" tg-width=\"960\" tg-height=\"570\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>BlackBerry: Q2 Non-GAAP EPS of -$0.06beats by $0.01; GAAP EPS of -$0.25misses by $0.12.</li>\n <li>Revenue of $175M (-32.4% Y/Y)beats by $10.72M.</li>\n <li>Non-GAAP gross margin was&nbsp;64.6% vs. 77.2% Y/Y, consensus of&nbsp;&nbsp;64.8%.</li>\n <li><a href=\"https://laohu8.com/S/TSS\">Total</a> cash, cash equivalents, short-term and long-term investments were $772 million.</li>\n <li>\"Revenue for all businesses beat expectations this quarter.&nbsp; The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures,\" said&nbsp;John Chen, Executive Chairman &amp; CEO.</li>\n</ul>\n<p><b>Outlook:</b>BlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earningsconference call.</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>BlackBerry jumped over 6% in premarket trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackBerry jumped over 6% in premarket trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-23 16:06</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Sept 23)&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a> jumped over 6% in premarket trading.&nbsp;<a href=\"https://laohu8.com/S/BB\">BlackBerry</a> EPS beats by $0.01, beats on revenue.</p>\n<p><img src=\"https://static.tigerbbs.com/d28b69e5d1b1519e607d1a6677c5fa40\" tg-width=\"960\" tg-height=\"570\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li>BlackBerry: Q2 Non-GAAP EPS of -$0.06beats by $0.01; GAAP EPS of -$0.25misses by $0.12.</li>\n <li>Revenue of $175M (-32.4% Y/Y)beats by $10.72M.</li>\n <li>Non-GAAP gross margin was&nbsp;64.6% vs. 77.2% Y/Y, consensus of&nbsp;&nbsp;64.8%.</li>\n <li><a href=\"https://laohu8.com/S/TSS\">Total</a> cash, cash equivalents, short-term and long-term investments were $772 million.</li>\n <li>\"Revenue for all businesses beat expectations this quarter.&nbsp; The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures,\" said&nbsp;John Chen, Executive Chairman &amp; CEO.</li>\n</ul>\n<p><b>Outlook:</b>BlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earningsconference call.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BB":"黑莓"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145961201","content_text":"(Sept 23) BlackBerry jumped over 6% in premarket trading. BlackBerry EPS beats by $0.01, beats on revenue.\n\n\nBlackBerry: Q2 Non-GAAP EPS of -$0.06beats by $0.01; GAAP EPS of -$0.25misses by $0.12.\nRevenue of $175M (-32.4% Y/Y)beats by $10.72M.\nNon-GAAP gross margin was 64.6% vs. 77.2% Y/Y, consensus of  64.8%.\nTotal cash, cash equivalents, short-term and long-term investments were $772 million.\n\"Revenue for all businesses beat expectations this quarter.  The Cyber Security business unit delivered robust sequential billings and revenue growth and the IoT business unit performed well in the face of global chip shortage pressures,\" said John Chen, Executive Chairman & CEO.\n\nOutlook:BlackBerry will provide fiscal year 2022 outlook in connection with the quarterly earnings announcement on its earningsconference call.","news_type":1},"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863676083,"gmtCreate":1632391472042,"gmtModify":1676530770782,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863676083","repostId":"2169661565","repostType":4,"repost":{"id":"2169661565","pubTimestamp":1632387481,"share":"https://ttm.financial/m/news/2169661565?lang=&edition=fundamental","pubTime":"2021-09-23 16:58","market":"other","language":"en","title":"German economic recovery loses momentum in Sept - flash PMIs","url":"https://stock-news.laohu8.com/highlight/detail?id=2169661565","media":"Reuters","summary":"BERLIN (Reuters) - Germany's economic recovery from the COVID-19 pandemic lost momentum in September","content":"<p>BERLIN (Reuters) - Germany's economic recovery from the COVID-19 pandemic lost momentum in September as activity in both the manufacturing and services sectors slowed amid supply bottlenecks and waning catch-up effects, a survey showed on Thursday.</p>\n<p>IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a>'s flash Purchasing Managers' Index (PMI) showed growth in the manufacturing sector slowed to an eight-month low reading of 58.5 from 62.6 in August. The subindex for the services sector slipped to a four-month low of 56.0 from 60.8 in August.</p>\n<p>As a result, the flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the German economy, dropped to a seven-month low of 55.3 from 60.0 in August.</p>\n<p>IHS Markit analyst Phil Smith said the survey data suggested that business activity was beginning to level off after rebounding sharply over the summer months.</p>\n<p>\"However, despite the slowdown in September, the pace of economic growth in the third quarter still looks to have surpassed the 1.6% expansion seen in the three months to June,\" Smith added.</p>\n<p>While companies remained upbeat about their business outlook on hopes that the pandemic could be overcome soon, growth expectations were still held back by supply chain concerns and risks posed to demand from rising prices, Smith said.</p>\n<p>The Ifo institute on Wednesday cut its 2021 growth forecast for Europe's largest economy to 2.5%, pointing to supply chain disruptions and a scarcity of intermediate goods which combined are slowing down production in the industrial sector.</p>\n<p>(Reporting by Michael Nienaber, Editing by Hugh Lawson)</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>German economic recovery loses momentum in Sept - flash PMIs</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\">\nGerman economic recovery loses momentum in Sept - flash PMIs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 16:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/german-economic-recovery-loses-momentum-073801321.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BERLIN (Reuters) - Germany's economic recovery from the COVID-19 pandemic lost momentum in September as activity in both the manufacturing and services sectors slowed amid supply bottlenecks and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/german-economic-recovery-loses-momentum-073801321.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INFO":"Harbor PanAgora Dynamic Large Cap Core ETF"},"source_url":"https://finance.yahoo.com/news/german-economic-recovery-loses-momentum-073801321.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169661565","content_text":"BERLIN (Reuters) - Germany's economic recovery from the COVID-19 pandemic lost momentum in September as activity in both the manufacturing and services sectors slowed amid supply bottlenecks and waning catch-up effects, a survey showed on Thursday.\nIHS Markit's flash Purchasing Managers' Index (PMI) showed growth in the manufacturing sector slowed to an eight-month low reading of 58.5 from 62.6 in August. The subindex for the services sector slipped to a four-month low of 56.0 from 60.8 in August.\nAs a result, the flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the German economy, dropped to a seven-month low of 55.3 from 60.0 in August.\nIHS Markit analyst Phil Smith said the survey data suggested that business activity was beginning to level off after rebounding sharply over the summer months.\n\"However, despite the slowdown in September, the pace of economic growth in the third quarter still looks to have surpassed the 1.6% expansion seen in the three months to June,\" Smith added.\nWhile companies remained upbeat about their business outlook on hopes that the pandemic could be overcome soon, growth expectations were still held back by supply chain concerns and risks posed to demand from rising prices, Smith said.\nThe Ifo institute on Wednesday cut its 2021 growth forecast for Europe's largest economy to 2.5%, pointing to supply chain disruptions and a scarcity of intermediate goods which combined are slowing down production in the industrial sector.\n(Reporting by Michael Nienaber, Editing by Hugh Lawson)","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863678236,"gmtCreate":1632391416025,"gmtModify":1676530770773,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/863678236","repostId":"2169566661","repostType":4,"repost":{"id":"2169566661","pubTimestamp":1632387607,"share":"https://ttm.financial/m/news/2169566661?lang=&edition=fundamental","pubTime":"2021-09-23 17:00","market":"uk","language":"en","title":"Euro-Area Business Activity ‘Markedly’ Slows Amid Supply Strains","url":"https://stock-news.laohu8.com/highlight/detail?id=2169566661","media":"Bloomberg","summary":"(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to o","content":"<p>(Bloomberg) -- Sign up&nbsp;for the New Economy Daily newsletter, follow us&nbsp;@economics&nbsp;and subscribe to our&nbsp;podcast.</p>\n<p>Business activity in the euro area “markedly” lost momentum in September after demand peaked over the summer and supply chain bottlenecks hurt both services and manufacturers.</p>\n<p>Surveys of purchasing managers by IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> showed growth in both sectors slowing more than expected, bringing overall activity to a five-month low. Input costs, meanwhile, surged to the highest in 21 years, according to the report.</p>\n<p>“Firms have become increasingly frustrated by supply delays, shortages and ever-higher prices for inputs,” said Chris Williamson, chief business economist at IHS Markit. “Businesses, most notably in manufacturing but also now in the service sector, are being constrained as a result, often losing sales and customers.”</p>\n<p>The figures underscore the conundrum faced by policy makers in the region, as they balance keeping borrowing costs low to support the recovery, while price spikes hamper production. Growth slowed especially sharply in Germany and France, IHS Markit said.</p>\n<p>At the same time, coronavirus infections are also on the rise again, as are concerns over how that might affect the recovery and already-severe supply constraints.</p>\n<p>“Concerns over high prices, stressed supply chains and the resilience of demand in the ongoing pandemic environment has consequently eroded business confidence, with expectations for the year ahead now down to the lowest since January,” Williamson said.</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>Euro-Area Business Activity ‘Markedly’ Slows Amid Supply Strains</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\">\nEuro-Area Business Activity ‘Markedly’ Slows Amid Supply Strains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 17:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/euro-area-business-activity-markedly-080007911.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.\nBusiness activity in the euro area “markedly” lost momentum in September after demand ...</p>\n\n<a href=\"https://finance.yahoo.com/news/euro-area-business-activity-markedly-080007911.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INFO":"Harbor PanAgora Dynamic Large Cap Core ETF"},"source_url":"https://finance.yahoo.com/news/euro-area-business-activity-markedly-080007911.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169566661","content_text":"(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.\nBusiness activity in the euro area “markedly” lost momentum in September after demand peaked over the summer and supply chain bottlenecks hurt both services and manufacturers.\nSurveys of purchasing managers by IHS Markit showed growth in both sectors slowing more than expected, bringing overall activity to a five-month low. Input costs, meanwhile, surged to the highest in 21 years, according to the report.\n“Firms have become increasingly frustrated by supply delays, shortages and ever-higher prices for inputs,” said Chris Williamson, chief business economist at IHS Markit. “Businesses, most notably in manufacturing but also now in the service sector, are being constrained as a result, often losing sales and customers.”\nThe figures underscore the conundrum faced by policy makers in the region, as they balance keeping borrowing costs low to support the recovery, while price spikes hamper production. Growth slowed especially sharply in Germany and France, IHS Markit said.\nAt the same time, coronavirus infections are also on the rise again, as are concerns over how that might affect the recovery and already-severe supply constraints.\n“Concerns over high prices, stressed supply chains and the resilience of demand in the ongoing pandemic environment has consequently eroded business confidence, with expectations for the year ahead now down to the lowest since January,” Williamson said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863678372,"gmtCreate":1632391379096,"gmtModify":1676530770757,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????????","listText":"????????","text":"????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863678372","repostId":"2169666103","repostType":4,"repost":{"id":"2169666103","pubTimestamp":1632388163,"share":"https://ttm.financial/m/news/2169666103?lang=&edition=fundamental","pubTime":"2021-09-23 17:09","market":"us","language":"en","title":"Is Boston Scientific A Smart Long-Term Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2169666103","media":"Insider Monkey","summary":"Artisan Partners, a high value-added investment management firm, published its ‘Artisan Global Disco","content":"<p>Artisan Partners, a high value-added investment management firm, published its ‘Artisan Global Discovery Fund’ second quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.28% was recorded by its Investor Class: APFDX, 10.27% by its Advisor Class: APDDX, and 10.35% by its Institutional Class: APHDX for the second quarter of 2021, all beating the MSCI All Country World Index that delivered a 7.39% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.</p>\n<p>In the Q2 2021 investor letter of Artisan Partners, the fund mentioned Boston Scientific Corporation (NYSE: BSX) and discussed its stance on the firm. Boston Scientific Corporation is a Marlborough, Massachusetts-based medical devices manufacturer with a $63.5 billion market capitalization. BSX delivered a 24.14% return since the beginning of the year, while its 12-month returns are up by 18.32%. The stock closed at $43.36 per share on September 21, 2021.</p>\n<p>Here is what Artisan Partners has to say about Boston Scientific Corporation in its Q2 2021 investor letter:</p>\n<blockquote>\n \"Among our top contributors (includes) \n <b>Boston Scientific</b>. Shares of Boston Scientific were volatile throughout most of 2020 as the pandemic drove significant drops in elective medical procedures, though our longer-term constructive view and belief elective medical procedures would bounce back post pandemic prompted us to add to our position. We have been rewarded with shares rebounding this year alongside a recovery in elective medical procedures. Longer-term, we believe the company’s investments in higher growth categories will drive revenue growth to the higher end of its peer group with rising margins.\"\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/a8a578f975f6733b8ec762a397fde7fc\" tg-width=\"750\" tg-height=\"500\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">egyjanek/Shutterstock.com</p>\n<p>Based on our calculations, Boston Scientific Corporation (NYSE: BSX) was not able to clinch a spot in our list of the 30 Most <a href=\"https://laohu8.com/S/BPOPM\">Popular</a> Stocks Among Hedge Funds. BSX was in 51 hedge fund portfolios at the end of the first half of 2021, compared to 44 funds in the previous quarter. Boston Scientific Corporation (NYSE: BSX) delivered a 1.92% return in the past 3 months.</p>\n<p>Hedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&amp;P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.</p>\n<p>At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the fastest growing industries right now, so we are checking out stock pitches like this&nbsp;<b>emerging lithium stock</b>. We go through lists like the 10&nbsp;best hydrogen fuel cell stocks&nbsp;to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on&nbsp;our homepage.</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>Is Boston Scientific A Smart Long-Term Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Boston Scientific A Smart Long-Term Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 17:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/boston-scientific-bsx-smart-long-050923561.html><strong>Insider Monkey</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Artisan Partners, a high value-added investment management firm, published its ‘Artisan Global Discovery Fund’ second quarter 2021 investor letter – a copy of which can be downloaded here. A return of...</p>\n\n<a href=\"https://finance.yahoo.com/news/boston-scientific-bsx-smart-long-050923561.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BSX":"波士顿科学"},"source_url":"https://finance.yahoo.com/news/boston-scientific-bsx-smart-long-050923561.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2169666103","content_text":"Artisan Partners, a high value-added investment management firm, published its ‘Artisan Global Discovery Fund’ second quarter 2021 investor letter – a copy of which can be downloaded here. A return of 10.28% was recorded by its Investor Class: APFDX, 10.27% by its Advisor Class: APDDX, and 10.35% by its Institutional Class: APHDX for the second quarter of 2021, all beating the MSCI All Country World Index that delivered a 7.39% return for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their top bets for 2021.\nIn the Q2 2021 investor letter of Artisan Partners, the fund mentioned Boston Scientific Corporation (NYSE: BSX) and discussed its stance on the firm. Boston Scientific Corporation is a Marlborough, Massachusetts-based medical devices manufacturer with a $63.5 billion market capitalization. BSX delivered a 24.14% return since the beginning of the year, while its 12-month returns are up by 18.32%. The stock closed at $43.36 per share on September 21, 2021.\nHere is what Artisan Partners has to say about Boston Scientific Corporation in its Q2 2021 investor letter:\n\n \"Among our top contributors (includes) \n Boston Scientific. Shares of Boston Scientific were volatile throughout most of 2020 as the pandemic drove significant drops in elective medical procedures, though our longer-term constructive view and belief elective medical procedures would bounce back post pandemic prompted us to add to our position. We have been rewarded with shares rebounding this year alongside a recovery in elective medical procedures. Longer-term, we believe the company’s investments in higher growth categories will drive revenue growth to the higher end of its peer group with rising margins.\"\n\negyjanek/Shutterstock.com\nBased on our calculations, Boston Scientific Corporation (NYSE: BSX) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. BSX was in 51 hedge fund portfolios at the end of the first half of 2021, compared to 44 funds in the previous quarter. Boston Scientific Corporation (NYSE: BSX) delivered a 1.92% return in the past 3 months.\nHedge funds’ reputation as shrewd investors has been tarnished in the last decade as their hedged returns couldn’t keep up with the unhedged returns of the market indices. Our research has shown that hedge funds’ small-cap stock picks managed to beat the market by double digits annually between 1999 and 2016, but the margin of outperformance has been declining in recent years. Nevertheless, we were still able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by 115 percentage points since March 2017 (see the details here). We were also able to identify in advance a select group of hedge fund holdings that underperformed the market by 10 percentage points annually between 2006 and 2017. Interestingly the margin of underperformance of these stocks has been increasing in recent years. Investors who are long the market and short these stocks would have returned more than 27% annually between 2015 and 2017. We have been tracking and sharing the list of these stocks since February 2017 in our quarterly newsletter.\nAt Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage.","news_type":1},"isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869585787,"gmtCreate":1632304159049,"gmtModify":1676530747661,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869585787","repostId":"1118101852","repostType":4,"repost":{"id":"1118101852","pubTimestamp":1632302285,"share":"https://ttm.financial/m/news/1118101852?lang=&edition=fundamental","pubTime":"2021-09-22 17:18","market":"us","language":"en","title":"Why Morgan Stanley is starting to see ‘fire and ice’ and a bear-market drop as ‘more likely’ for stock-market investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1118101852","media":"MarketWatch","summary":"Morgan Stanley’s Michael Wilson sees the bull market ending in fire, though it could end in ice.\nInv","content":"<p>Morgan Stanley’s Michael Wilson sees the bull market ending in fire, though it could end in ice.</p>\n<p>Invoking the imagery from the Robert Frost poem “Fire &amp; Ice,” the Morgan Stanley strategist said that he sees earnings revisions from American corporations “and higher frequency macro data” pointing to a decelerating economy, “amid demand pull forward, supply chain issues and margin pressure,” which he forecasts could lead to a 20% drop, a near-term outcome that he describes as “ice” for investors, in a research note dated Sept. 20.</p>\n<p>Wilson wrote that he is starting to see a 20% fall as a “more likely” outcome for equity markets. However, during an interview on CNBC on Tuesday, the strategist maintained that 10% is still his “base case” scenario and held his forecast for the S&amp;P 500 index to end the year around 4,000.</p>\n<p>A fall of at least 20% from a recent peak is a widely accepted definition of a bear market, while a drop of 10% defines a correction.</p>\n<p>His “fire” scenario, which he speculates would lead to a 10% slide for the market, would be precipitated by the Federal Reserve initiating its efforts to “remove monetary accommodation in response to an overheating economy.”</p>\n<p>The Fed will conclude its September meeting on Wednesday, and release an updated policy statement and a new set of projections for interest rates, including 2024 for the first time.</p>\n<p>The equity market already has been under selling pressure for several sessions before Monday’s slump which was partially attributed to concerns about possible global systemic risk resulting from a potential debt default by one of China’s biggest property developers: Evergrande 3333, -0.44%.</p>\n<p>On Monday, the S&amp;P 500 SPX, -0.08% and the Nasdaq Composite COMP, +0.22% notched the worst daily declines since May 12 and the Dow Jones Industrial Average DJIA, -0.15% registered the sharpest one-day fall since July 19.</p>\n<p>The S&amp;P 500 hasn’t seen a 5% pullback from its peak in about 220 sessions, the longest run since 2016, when the market went 404 sessions without falling by at least 5% peak to trough, according to Dow Jones Market Data.</p>\n<p>Monday’s fall has the index about 4% from its Sept. 2 record close, while the Dow is off 4.65% from its Aug. 16 record and the Nasdaq Composite is down 4.3% from its Sept. 7 recent peak.</p>\n<p>Wilson said that the break of the S&amp;P 500 below its 50-day moving average, which occurred on Friday and then deepened on Monday, represents a change of trend for investors.</p>\n<p>“Well, I think the trend broke, so we did eventually” take out “the 50-day moving average…and it broke violently yesterday … and I think you gotta pay attention to that, Wilson said in his CNBC interview.</p>\n<p>“I respect the market and I would suggest other people respect the market… and what that’s saying is that that trend was challenged,” Wilson said.</p>\n<p>“I’m comfortable with our call,” he said, pooh-poohing criticism that investors have consistently bought the dip in this euphoric, pandemic-recovery cycle.</p>","source":"lsy1603348471595","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>Why Morgan Stanley is starting to see ‘fire and ice’ and a bear-market drop as ‘more likely’ for stock-market investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Morgan Stanley is starting to see ‘fire and ice’ and a bear-market drop as ‘more likely’ for stock-market investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-morgan-stanleys-is-starting-to-see-fire-and-ice-and-a-bear-market-drop-as-more-likely-for-stock-market-investors-11632249935?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Morgan Stanley’s Michael Wilson sees the bull market ending in fire, though it could end in ice.\nInvoking the imagery from the Robert Frost poem “Fire & Ice,” the Morgan Stanley strategist said that ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-morgan-stanleys-is-starting-to-see-fire-and-ice-and-a-bear-market-drop-as-more-likely-for-stock-market-investors-11632249935?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/why-morgan-stanleys-is-starting-to-see-fire-and-ice-and-a-bear-market-drop-as-more-likely-for-stock-market-investors-11632249935?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1118101852","content_text":"Morgan Stanley’s Michael Wilson sees the bull market ending in fire, though it could end in ice.\nInvoking the imagery from the Robert Frost poem “Fire & Ice,” the Morgan Stanley strategist said that he sees earnings revisions from American corporations “and higher frequency macro data” pointing to a decelerating economy, “amid demand pull forward, supply chain issues and margin pressure,” which he forecasts could lead to a 20% drop, a near-term outcome that he describes as “ice” for investors, in a research note dated Sept. 20.\nWilson wrote that he is starting to see a 20% fall as a “more likely” outcome for equity markets. However, during an interview on CNBC on Tuesday, the strategist maintained that 10% is still his “base case” scenario and held his forecast for the S&P 500 index to end the year around 4,000.\nA fall of at least 20% from a recent peak is a widely accepted definition of a bear market, while a drop of 10% defines a correction.\nHis “fire” scenario, which he speculates would lead to a 10% slide for the market, would be precipitated by the Federal Reserve initiating its efforts to “remove monetary accommodation in response to an overheating economy.”\nThe Fed will conclude its September meeting on Wednesday, and release an updated policy statement and a new set of projections for interest rates, including 2024 for the first time.\nThe equity market already has been under selling pressure for several sessions before Monday’s slump which was partially attributed to concerns about possible global systemic risk resulting from a potential debt default by one of China’s biggest property developers: Evergrande 3333, -0.44%.\nOn Monday, the S&P 500 SPX, -0.08% and the Nasdaq Composite COMP, +0.22% notched the worst daily declines since May 12 and the Dow Jones Industrial Average DJIA, -0.15% registered the sharpest one-day fall since July 19.\nThe S&P 500 hasn’t seen a 5% pullback from its peak in about 220 sessions, the longest run since 2016, when the market went 404 sessions without falling by at least 5% peak to trough, according to Dow Jones Market Data.\nMonday’s fall has the index about 4% from its Sept. 2 record close, while the Dow is off 4.65% from its Aug. 16 record and the Nasdaq Composite is down 4.3% from its Sept. 7 recent peak.\nWilson said that the break of the S&P 500 below its 50-day moving average, which occurred on Friday and then deepened on Monday, represents a change of trend for investors.\n“Well, I think the trend broke, so we did eventually” take out “the 50-day moving average…and it broke violently yesterday … and I think you gotta pay attention to that, Wilson said in his CNBC interview.\n“I respect the market and I would suggest other people respect the market… and what that’s saying is that that trend was challenged,” Wilson said.\n“I’m comfortable with our call,” he said, pooh-poohing criticism that investors have consistently bought the dip in this euphoric, pandemic-recovery cycle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":412,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869585588,"gmtCreate":1632304141744,"gmtModify":1676530747660,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????????","listText":"????????","text":"????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869585588","repostId":"1193827174","repostType":4,"repost":{"id":"1193827174","pubTimestamp":1632303087,"share":"https://ttm.financial/m/news/1193827174?lang=&edition=fundamental","pubTime":"2021-09-22 17:31","market":"us","language":"en","title":"Woodward Is a Quality Growth Pick That Deserves More Attention","url":"https://stock-news.laohu8.com/highlight/detail?id=1193827174","media":"InvestorPlace","summary":"WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.\n\nWhile riding my bi","content":"<blockquote>\n <b>WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.</b>\n</blockquote>\n<p>While riding my bike through beautiful Ft. Collins, CO, I spotted a massive corporate and manufacturing building complex. Upon further investigation, it turned out to be the corporate headquarters of 150-year-old aerospace and industrial company&nbsp;<b><a href=\"https://laohu8.com/S/WWD\">Woodward</a></b>. I used to follow the company back when they were called Woodward Governor, and decided to take a closer look at WWD stock.</p>\n<p>Woodward designs and manufactures control system solutions and components for the aerospace and industrial markets. Its offerings include fuel pumps, engine controls and turbines.</p>\n<p>It operates in two segments – aerospace and industrial. On the industrial side, the company makes products for the management of fuel, air, gases, electricity and combustion.</p>\n<p><b>Key Investment <a href=\"https://laohu8.com/S/PCOM\">Points</a> for WWD Stock</b></p>\n<p>According to an&nbsp;investor presentation&nbsp;from the company, Woodward expects future growth from the worldwide expansion of the aviation market. It also predicts a boost from the strong push for energy efficiency across most industrial companies.</p>\n<p>Woodward has produced steady financial results — with the exception of 2020’s Covid driven aviation and energy declines.</p>\n<p>Free cash flow remains a hallmark of the company’s business model. Woodward is able to reinvest the cash in opportunistic acquisitions, dividend growth and share buybacks. The strong free cash flow has enabled it to keep its leverage ratios relatively low, usually around 2x.</p>\n<p>The company has somewhat of a competitive moat, as the certifications required to operate in the highly regulated aviation business are often hard to achieve. This is also true in many of their regulated energy related businesses.</p>\n<p>On the aerospace side, the company’s revenue is about 40% after-market, providing a steady recurring revenue stream. The business is roughly split evenly between commercial aircraft and defense-related aircraft.</p>\n<p><b>An Encouraging Update From Woodward</b></p>\n<p>As stated in Woodward’s third-quarter earnings call, the commercial aerospace market has&nbsp;begun to recover&nbsp;as many airlines begin to reactivate parked fleets. U.S. air travel is moving toward pre-Covid levels, but international air travel is still weak.</p>\n<p>Delta variant fears may cause short-term hiccups in this growth trajectory. But regardless of Covid’s effects, this commercial air fleet uses a lot of Woodward’s advanced technology and components. This provides a source of strong after-market growth for the company.</p>\n<p>On the industrial side, particularly in power generation, demand is increasing. Sector growth in Asia as well as the widespread replacement of coal-powered plants are expected to drive this increase into 2022. The company expects after-market activity to return to pre-Covid levels at some point next year.</p>\n<p>An interesting growth sub-segment for Woodward is back-up power generation for data centers and cloud-based operations. Other customer segments that are showing positive signs include the natural gas truck, marine and oil markets.</p>\n<p>The company is on track to return 50% of net earnings to shareholders in the form of dividends or share repurchases. The remainder is likely to be used for mergers and acquisitions. The company expects to continue to generate strong levels of free cash flow as it has historically.</p>\n<p><b>WWD Stock Is a Great Long-Term Pick</b></p>\n<p>WWD stock has had a nice run since the 2008 financial crisis. It has risen more than 10-fold since then and shown decent recovery from the Covid-19 crash, increasing by more than 100%.</p>\n<p>The stock is not currently cheap, as it trades at 30 times 2022 consensus EPS, which may be a full recovery year.</p>\n<p>The dividend yield is only 0.55% largely due to the high stock price and low payout ratio of 14.73%. The company has not repurchased shares in the nine-month period ending June 30, which appears to be a sensible move.</p>\n<p>When the meme and day-trading trends fade away, investors will be looking for companies like this. Real earnings! Real free cash flow! Solid returns on capital and equity! Low debt ratios! WWD stock has all of these attributes, and I believe it will be in high demand in the not-so-distant future.</p>\n<p>Alternatively, quality mid-cap companies like Woodward, with a market cap of only $7.4 billion, would make a nice bite-sized acquisition for larger aerospace and industrial companies. Either way, investors in WWD stock would benefit in the end.</p>","source":"lsy1606302653667","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>Woodward Is a Quality Growth Pick That Deserves More Attention</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\">\nWoodward Is a Quality Growth Pick That Deserves More Attention\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/09/woodward-is-a-quality-growth-pick-that-deserves-more-attention/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.\n\nWhile riding my bike through beautiful Ft. Collins, CO, I spotted a massive corporate and manufacturing building ...</p>\n\n<a href=\"https://investorplace.com/2021/09/woodward-is-a-quality-growth-pick-that-deserves-more-attention/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WWD":"伍德沃德"},"source_url":"https://investorplace.com/2021/09/woodward-is-a-quality-growth-pick-that-deserves-more-attention/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193827174","content_text":"WWD stock is a strong mid-cap trade with aerospace and industrial opportunities.\n\nWhile riding my bike through beautiful Ft. Collins, CO, I spotted a massive corporate and manufacturing building complex. Upon further investigation, it turned out to be the corporate headquarters of 150-year-old aerospace and industrial company Woodward. I used to follow the company back when they were called Woodward Governor, and decided to take a closer look at WWD stock.\nWoodward designs and manufactures control system solutions and components for the aerospace and industrial markets. Its offerings include fuel pumps, engine controls and turbines.\nIt operates in two segments – aerospace and industrial. On the industrial side, the company makes products for the management of fuel, air, gases, electricity and combustion.\nKey Investment Points for WWD Stock\nAccording to an investor presentation from the company, Woodward expects future growth from the worldwide expansion of the aviation market. It also predicts a boost from the strong push for energy efficiency across most industrial companies.\nWoodward has produced steady financial results — with the exception of 2020’s Covid driven aviation and energy declines.\nFree cash flow remains a hallmark of the company’s business model. Woodward is able to reinvest the cash in opportunistic acquisitions, dividend growth and share buybacks. The strong free cash flow has enabled it to keep its leverage ratios relatively low, usually around 2x.\nThe company has somewhat of a competitive moat, as the certifications required to operate in the highly regulated aviation business are often hard to achieve. This is also true in many of their regulated energy related businesses.\nOn the aerospace side, the company’s revenue is about 40% after-market, providing a steady recurring revenue stream. The business is roughly split evenly between commercial aircraft and defense-related aircraft.\nAn Encouraging Update From Woodward\nAs stated in Woodward’s third-quarter earnings call, the commercial aerospace market has begun to recover as many airlines begin to reactivate parked fleets. U.S. air travel is moving toward pre-Covid levels, but international air travel is still weak.\nDelta variant fears may cause short-term hiccups in this growth trajectory. But regardless of Covid’s effects, this commercial air fleet uses a lot of Woodward’s advanced technology and components. This provides a source of strong after-market growth for the company.\nOn the industrial side, particularly in power generation, demand is increasing. Sector growth in Asia as well as the widespread replacement of coal-powered plants are expected to drive this increase into 2022. The company expects after-market activity to return to pre-Covid levels at some point next year.\nAn interesting growth sub-segment for Woodward is back-up power generation for data centers and cloud-based operations. Other customer segments that are showing positive signs include the natural gas truck, marine and oil markets.\nThe company is on track to return 50% of net earnings to shareholders in the form of dividends or share repurchases. The remainder is likely to be used for mergers and acquisitions. The company expects to continue to generate strong levels of free cash flow as it has historically.\nWWD Stock Is a Great Long-Term Pick\nWWD stock has had a nice run since the 2008 financial crisis. It has risen more than 10-fold since then and shown decent recovery from the Covid-19 crash, increasing by more than 100%.\nThe stock is not currently cheap, as it trades at 30 times 2022 consensus EPS, which may be a full recovery year.\nThe dividend yield is only 0.55% largely due to the high stock price and low payout ratio of 14.73%. The company has not repurchased shares in the nine-month period ending June 30, which appears to be a sensible move.\nWhen the meme and day-trading trends fade away, investors will be looking for companies like this. Real earnings! Real free cash flow! Solid returns on capital and equity! Low debt ratios! WWD stock has all of these attributes, and I believe it will be in high demand in the not-so-distant future.\nAlternatively, quality mid-cap companies like Woodward, with a market cap of only $7.4 billion, would make a nice bite-sized acquisition for larger aerospace and industrial companies. Either way, investors in WWD stock would benefit in the end.","news_type":1},"isVote":1,"tweetType":1,"viewCount":248,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869585298,"gmtCreate":1632304123914,"gmtModify":1676530747653,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??????","listText":"??????","text":"??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/869585298","repostId":"1146187405","repostType":4,"repost":{"id":"1146187405","pubTimestamp":1632303895,"share":"https://ttm.financial/m/news/1146187405?lang=&edition=fundamental","pubTime":"2021-09-22 17:44","market":"us","language":"en","title":"Fed in focus today with taper talk and new dot plot engrossing Wall Street","url":"https://stock-news.laohu8.com/highlight/detail?id=1146187405","media":"seekingalpha","summary":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's bee","content":"<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.</p>\n<p>This is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.</p>\n<p>While nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.</p>\n<p>\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China &amp; inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.</p>\n<p>Stock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.</p>\n<p>There is some speculation that the recent market selloff, with the S&amp;P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"</p>\n<p>The \"S&amp;P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"</p>\n<p><img src=\"https://static.tigerbbs.com/2738fa67abd11035dbb2f2a638f54918\" tg-width=\"1012\" tg-height=\"506\" width=\"100%\" height=\"auto\"></p>\n<p><b>Asset purchase tapering.</b>Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.</p>\n<p>Two-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.</p>\n<p>Still, Powell has been adamant he will give ample notice for any moves.</p>\n<p>The August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"</p>\n<p>A change in the wording of the statement may be where the market gets that signal.</p>\n<p>\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"</p>\n<p>\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"</p>\n<p>Mohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.</p>\n<p><b>Dissecting the dot plot:</b>The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.</p>\n<p>The \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.</p>\n<p>The dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.</p>\n<p>But if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)</p>\n<p>\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"</p>\n<p><b>Ethics questions:</b>&nbsp;Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.</p>\n<p>Dallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to&nbsp;open an ethics review.</p>\n<p>And&nbsp;Powell and two other Fed members owned securities that the central bank was buying last year.</p>\n<p><img src=\"https://static.tigerbbs.com/cfe97d77d54cfe99de4de152cdfc4ab7\" tg-width=\"733\" tg-height=\"698\" width=\"100%\" height=\"auto\"></p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fed in focus today with taper talk and new dot plot engrossing Wall Street</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\">\nFed in focus today with taper talk and new dot plot engrossing Wall Street\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-22 17:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, ...</p>\n\n<a href=\"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/news/3742098-fed-in-focus-today-with-taper-talk-and-new-dot-plot-engrossing-wall-street","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146187405","content_text":"The Federal Reserve takes center stage, but the decision could well be a dud for a market that's been hyping up big macro events lately.\nThis is certainly the most important FOMC meeting since, well, the last FOMC meeting. But if Chairman Jay Powell and company avoid taper talk and keep rate forecasts steady, Wall Street could shrug it off, like recent jobs and inflation reports.\nWhile nobody expects a rate hike when the statement arrives, there'scertainly a lot for the Fed to consider.\n\"Fed has to navigate desire to taper asset purchases through land mine of uncertainties about the economy and the risks posed by variants, debt ceiling politics, China & inflation,\" Diane Swonk, chief economist at Grant Thornton, tweeted yesterday.\nStock index futures are higher after dip-buying faded yesterday and the broader market closed lower again. The 10-year Treasury yield is up 1 basis point to 1.33%.\nThere is some speculation that the recent market selloff, with the S&P looking at itsworst monthly performance in a year, could make Fed members gun-shy about a hawkish tilt. But Renaissance Macro Research says the current selloff is \"not even close to having the Fed shift course.\"\nThe \"S&P 500(SP500)(NYSEARCA:SPY)is basically flat since the Fed’s July 28 confab,\" RenMac tweets. \"When we think about the last few times China was the source of the concern 2015/2016, the US equity decline was far more pronounced.\"\n\nAsset purchase tapering.Calls for the Fed to trim its $120B per month in asset purchases are growing as inflation heats up. But the consensus is that there will be no official announcement today.\nTwo-thirds of 52 economists surveyed by Bloomberg expect a November announcement, with more than half expecting the Fed to start the taper in December.\nStill, Powell has been adamant he will give ample notice for any moves.\nThe August jobs report gave \"the doves on the Federal Reserve’s board, essentially where we think the Chair resides today, some fodder for postponing a tapering of the QE asset purchase program, though we think this would be a mistake,\" BlackRock's Rick Rieder writes. \"Yet, we do believe that we will learn more details in September from the FOMC meeting, relative to what the Fed’s schedule for tapering will be.\"\nA change in the wording of the statement may be where the market gets that signal.\n\"Expect the Fed to put off until November any announcement on slowing its $120 billion a month in asset purchases,\" economist Joseph Brusuelas writes in hisReal Economy Blog. \"If the Fed signals any change, expect different language in the third paragraph of its statement, where the committee may update the risk to the outlook as balanced, which may signal tapering before the end of the year.\"\n\"In 2013, before its previous round of tapering, the Fed used its statement to signal coming policy action, so it may choose to take that approach this week.\"\nMohamed El-Erian saysthe Fed needs to act as the window to tapering is closing.\nDissecting the dot plot:The latest dot plot chart of Fed member interest rate projections, which caused a stir last time, will also be closely watched, much to the chagrin of Powell.\nThe \"sole purpose\" of the \"fabled dot plot ... is to increase confusion and misunderstanding in financial markets,\" UBS Chief Economist Paul Donovan writes.\nThe dot plot is meant to illustrate where individual members see rates going, but not where they will or necessarily want them to go and the Fed chief has said it is not a great forecaster.\nBut if three members raise their 2022 dots, the new median will be for a quarter-point hike that year, and Wall Street banks have been aggressively marketing short-term interest rate derivatives that would pay off with tightening pulled forward, Bloomberg reports. (See chart at the bottom.)\n\"Watch the dots - likely will see initial rate hike pulled into 2022 with more in 2023,\" Kathy Jones, chief fixed income strategist for Schwab, tweets. \"Look out for unemp projections - will indicate what Fed sees as 'full employment.'\"\nEthics questions: Beyond monetary policy, Powell may face some difficult questions about the recent controversy of the asset portfolios of Fed governors.\nDallas Fed President Robert Kaplan's trading in individual stocks last year, including several megacaps that tend to benefit from lower interest rates, prompted the Fed chairman to open an ethics review.\nAnd Powell and two other Fed members owned securities that the central bank was buying last year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":268,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860742159,"gmtCreate":1632220127771,"gmtModify":1676530727538,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860742159","repostId":"1143662141","repostType":4,"repost":{"id":"1143662141","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1632215135,"share":"https://ttm.financial/m/news/1143662141?lang=&edition=fundamental","pubTime":"2021-09-21 17:05","market":"us","language":"en","title":"GE Expected To Ink $2B Deal With Vietnam's Bamboo Airways For Dreamliner Engines Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1143662141","media":"Benzinga","summary":"General Electric Co and Vietnam’s leisure airline BambooAirways are set to sign a $2 billion deal on","content":"<p><b><a href=\"https://laohu8.com/S/GE\">General Electric Co</a></b> and Vietnam’s leisure airline&nbsp;<b>BambooAirways</b>&nbsp;are set&nbsp;to sign a $2 billion deal on Tuesday, Reuters&nbsp;reported&nbsp;citing the airline.</p>\n<p><b>What Happened:</b>&nbsp;As part of the deal, the Vietnamese airline would buy GEnx engines to power the&nbsp;<b><a href=\"https://laohu8.com/S/BA\">Boeing</a> Co’s</b>&nbsp;787-9 Dreamliner aircraft.</p>\n<p>The GEnx engines would be delivered in 2022 and used on the airline's wide-body Dreamliner fleet, under the terms of the deal, Reuters reported. The airline plans to fly the fleet non-stop between Vietnam and the <a href=\"https://laohu8.com/S/UBNK\">United</a> States.</p>\n<p>The deal will be signed in the <a href=\"https://laohu8.com/S/UBCP\">United</a> States later on Tuesday in the presence of Vietnam President&nbsp;<b>Nguyễn Xuân Phúc</b>, the report noted.</p>\n<p><b>Why It Matters:</b>&nbsp;The deal will help improve Vietnam's connectivity to mid and long-range markets, Bamboo Airways said in a statement.</p>\n<p>The development follows Boeing’s decision to open its first office in Hanoi earlier this year, indicating the growing importance of the region to the planemaker.</p>\n<p>As per the report, Bamboo Airways will open a representative office in the United States.</p>\n<p><b>Price Action:</b>&nbsp;Boeing shares closed 1.81% lower at $209.50 on Monday.</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>GE Expected To Ink $2B Deal With Vietnam's Bamboo Airways For Dreamliner Engines Today</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\">\nGE Expected To Ink $2B Deal With Vietnam's Bamboo Airways For Dreamliner Engines Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-21 17:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b><a href=\"https://laohu8.com/S/GE\">General Electric Co</a></b> and Vietnam’s leisure airline&nbsp;<b>BambooAirways</b>&nbsp;are set&nbsp;to sign a $2 billion deal on Tuesday, Reuters&nbsp;reported&nbsp;citing the airline.</p>\n<p><b>What Happened:</b>&nbsp;As part of the deal, the Vietnamese airline would buy GEnx engines to power the&nbsp;<b><a href=\"https://laohu8.com/S/BA\">Boeing</a> Co’s</b>&nbsp;787-9 Dreamliner aircraft.</p>\n<p>The GEnx engines would be delivered in 2022 and used on the airline's wide-body Dreamliner fleet, under the terms of the deal, Reuters reported. The airline plans to fly the fleet non-stop between Vietnam and the <a href=\"https://laohu8.com/S/UBNK\">United</a> States.</p>\n<p>The deal will be signed in the <a href=\"https://laohu8.com/S/UBCP\">United</a> States later on Tuesday in the presence of Vietnam President&nbsp;<b>Nguyễn Xuân Phúc</b>, the report noted.</p>\n<p><b>Why It Matters:</b>&nbsp;The deal will help improve Vietnam's connectivity to mid and long-range markets, Bamboo Airways said in a statement.</p>\n<p>The development follows Boeing’s decision to open its first office in Hanoi earlier this year, indicating the growing importance of the region to the planemaker.</p>\n<p>As per the report, Bamboo Airways will open a representative office in the United States.</p>\n<p><b>Price Action:</b>&nbsp;Boeing shares closed 1.81% lower at $209.50 on Monday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UBCP":"联合合众银行","BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143662141","content_text":"General Electric Co and Vietnam’s leisure airline BambooAirways are set to sign a $2 billion deal on Tuesday, Reuters reported citing the airline.\nWhat Happened: As part of the deal, the Vietnamese airline would buy GEnx engines to power the Boeing Co’s 787-9 Dreamliner aircraft.\nThe GEnx engines would be delivered in 2022 and used on the airline's wide-body Dreamliner fleet, under the terms of the deal, Reuters reported. The airline plans to fly the fleet non-stop between Vietnam and the United States.\nThe deal will be signed in the United States later on Tuesday in the presence of Vietnam President Nguyễn Xuân Phúc, the report noted.\nWhy It Matters: The deal will help improve Vietnam's connectivity to mid and long-range markets, Bamboo Airways said in a statement.\nThe development follows Boeing’s decision to open its first office in Hanoi earlier this year, indicating the growing importance of the region to the planemaker.\nAs per the report, Bamboo Airways will open a representative office in the United States.\nPrice Action: Boeing shares closed 1.81% lower at $209.50 on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860746754,"gmtCreate":1632220101578,"gmtModify":1676530727523,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/860746754","repostId":"1178869256","repostType":4,"repost":{"id":"1178869256","pubTimestamp":1632215759,"share":"https://ttm.financial/m/news/1178869256?lang=&edition=fundamental","pubTime":"2021-09-21 17:15","market":"us","language":"en","title":"7 Back-To-School Market Lessons For Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1178869256","media":"seekingalpha","summary":"Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Summer is fading and fall is kicking in.</li>\n <li>That means traders and portfolio managers will be back behind their turrets watching the screens flicker.</li>\n <li>Here are some key factors and market perspectives to consider.</li>\n</ul>\n<p>Back from vacations. Beach houses seem like distant memories. Kids are off to school. The days are getting shorter. Summer is fading and fall is kicking in. That means traders and portfolio managers will be back behind their turrets watching the screens flicker. It’s the final run into the end of the year. So, what do we think from here until New Year’s Eve? Here are some key factors and market perspectives to consider.</p>\n<p><b>1. COVID-19 Still Biggest Risk</b></p>\n<p>A lot of the worries can be traced back to the Delta variant. We certainly saw the impact in this latest jobs print here in the US. The leisure and hospitality segment of the workforce saw almost no jobs added for the month of August. Not surprisingly, August also saw a surge in case counts related to the Delta variant. It’s easy to see the spillover impact from COVID, but let’s keep it in perspective:</p>\n<ul>\n <li>Note that each subsequent surge in case counts has seen less and less of an economic impact.</li>\n <li>Companies and the economy have broadly learned to cope with the virus, and earnings have been nothing short of spectacular.</li>\n <li>Policy makers are shifting tack with a greater focus on vaccinations, understanding that coexisting with the virus is the likely path forward.</li>\n <li>The private sector is leading the charge as vaccination mandates become more the norm than the exception. This should help those vaccination penetration rates push higher.</li>\n</ul>\n<p><b>Florida barometer:</b>We’ve heard worries that a back-to-school surge and its spillover effects may adversely impact the real economy once again. We continue to point to Florida as the key state to monitor. Why? Because it was one of the first states in the US to see a sharp rise in Delta-variant-related case counts. More importantly, Florida took the fewest steps to mitigate the spread, highlighted by the signing of an executive order barring mask mandates. Lastly, back-to-school season started several weeks ago, marking a key barometer for the future path of in-person learning. What are we seeing? A cresting in case counts and no real discernible difference in the COVID-related data in school districts that are open and engaging full in-person learning versus those still not open or leveraging some version of a hybrid policy.</p>\n<p><b>Boosters:</b>The risk we do want to highlight is the need for booster shots. If mRNA vaccine efficacy is deteriorating faster than anticipated, the ability to completely win the battle against the virus will become that much harder. And if we assume mutations will remain the norm, this battle becomes even more complex. The strategy going forward will certainly be coexisting if this is the case.</p>\n<p><b>2. Taper, No Tantrum</b></p>\n<p><i>We do not expect the Fed “withdrawing liquidity” (i.e. tapering) to become a major headwind. Rate hikes will matter more.</i>We believe tapering is more a matter of misunderstood monetary policy than anything else. Because of experiences like that of 2013, many of us think Taper Tantrum whenever there is talk of the Fed reducing its asset purchases. However, there are a few major differences in today’s economy versus other tapering times. For example, in 2013 there was slack in the economy. The output gap back in 2013 was still pointing to an economy running well below potential. Withdrawing marginal support at a time when the economy was still in recovery mode should certainly elicit an adverse reaction. Currently, the Congressional Budget Office estimates the output gap has closed, indicating a lack of slack in the US economy. Also, recall that asset purchases during the Great Financial Crisis were all about removing illiquid mortgage-related assets from banks’ balance sheets in an attempt to free up capital and restart lending. This is not an issue today.</p>\n<p><b>3. Learn Your Liquidity</b></p>\n<p>Liquidity is a word that gets thrown around quite a bit. But it’s often used in a manner that is misguided. There are three forms of liquidity:</p>\n<ul>\n <li><b>Systemic Liquidity</b>– the resources within the banking system that are used to settle inter-bank payments. This system is actively managed by the Fed and is not fungible outside of the banking system in any way. Only the Fed can add or withdraw liquidity from this system.</li>\n <li><b>Credit Liquidity</b>– the ability of individuals and corporations to increase debt or roll over existing liabilities. Banks create credit and this credit creation is independent of reserves. Our fractional reserves-based system is often misunderstood within this context and often creates confusion with this concept. Sure, banks have regulatory issues that can constrain lending. But if banks want to lend, they will lend. If I have the risk appetite to borrow and you have the risk appetite to lend, credit liquidity will find a way to make this happen – independent of the Fed’s balance sheet or systemic liquidity.</li>\n <li><b>Transactional Liquidity</b>– the ease with which investors can buy and sell financial assets. This backdrop is often influenced by market structure or regulatory issues. But in the end, the Fed’s balance sheet has little to do with it. This form of liquidity is often pro-cyclical, but ultimately, transactional liquidity is a function of risk appetite from you and me.</li>\n</ul>\n<p>Why run through all of this? Two of the three forms of liquidity that we often conflate are a product of risk appetite. A risk appetite that is driven by you and me, independent of the Fed’s balance sheet. The third – systemic liquidity – is an endogenous issue. One that cannot find its way directly into the equity, currency or bond markets. So, if the Fed’s balance sheet really isn’t a driver of liquidity, then why all of the hoopla surrounding tapering? Because tapering matters to the extent that market participants believe it matters. A placebo effect. We are conditioned to think it matters. So as long as we believe this, then it matters.</p>\n<p>Here is one other point to highlight regarding tapering concerns: Chair Powell and the Fed have been very articulate in their forward guidance. Tapering is coming – that has been made crystal clear. The timing and size are still up for debate. But more importantly, they made a concerted effort to de-link the relationship between tapering and interest rate hikes during their Jackson Hole meeting comments. These two events are disconnected and mutually exclusive. The Fed will taper and step back and reassess the economy. Rate hikes will follow accordingly should they be appropriate. Rate hikes matter far more than tapering and the commencement of any hiking cycle is still quite a ways off in the future.</p>\n<p><b>4. More Demand, Less Supply of Treasuries</b></p>\n<p><i>Who will buy all of these Treasuries once the Fed steps away?</i>Central banks have certainly been significant buyers of bonds over the years. Tapering leads to a drop in this marginal buyer, implying that interest rates will shoot up from a lack of demand. This has been a rallying cry of interest rate bears for several years, and this simply has never panned out. Gross Treasury issuance projections are expected to decline meaningfully in 2022. This decline in issuance will far outpace the expected reduction in net purchases by the Fed, meaning that supply will be falling at a faster pace than demand. Moreover, the marginal buyer coming from the price-insensitive camp is growing by leaps and bounds. There are still plenty of factions – think insurance companies, pension funds, banks and their regulatory related requirements, etc. – that have to own high quality fixed income assets for one reason or another. There is simply not enough supply of high quality liquid assets out there to satiate this need. “Who is going to buy all of these Treasuries?” has been a fool’s errand trade.</p>\n<p><b>5. Peak Momentum Doesn’t Mean Peak Growth</b></p>\n<p>Sure, the policy/reopening impulse may have peaked. But it’s far from over. We certainly cannot extrapolate growth going up and to the right forever. However, don’t confuse slowing momentum with a lower absolute level of growth. The recent Delta surge has put a near-term damper on growth prospects. But we are simply trading more COVID risk now for less in the future. We think this directly translates to the real economy: fatter and flatter (think of a sine wave). A little less near-term strength (flatter) for a little longer expansion (fatter). Delayed but not derailed.</p>\n<p>Government policy-response impulse is certainly fading from a rate of change perspective. China is tightening and the Fed will be tapering. Fiscal tailwinds in almost every country will turn to headwinds in 2022. But while these fiscal tailwinds fade, they are far from over. Note the Child Tax Credit payments, back-to-school spending, rising wages (especially for the cohorts with the strongest marginal propensity to consume), European recovery-fund payments, and infrastructure spending. Add in inventory restocking, an emerging capital expenditure1(CAPEX)cycle, increased vaccination penetration rates, and further progress on the economic reopening, and it’s clear that the impulse may have peaked but it’s far from over. And we remind our readers that all of this US fiscal cliff talk is occurring at a time when the US is effectively operating with a closed output gap. This is a very different economic context from previous cycles, which typically saw slack still in the economy.</p>\n<p><b>6. Shift from Demand Side to Supply Side?</b></p>\n<p>Might we finally see a shift from demand side policies towards supply side catalysts? Will the strains that have emerged and magnified in the heart of the COVID crisis prove to be the catalyst for this handoff? While a true CapEx cycle has always been wishful thinking, might this time be any different? It’s quite possible that this time around, corporations have adjusted and learned to deal with this new demand environment. Companies certainly learned a thing or two in the past 18 months. These efficiency gains do not simply go away. Rather, they should improve operating leverage and become permanent. And if this shift from demand side support to supply side growth manifests in a real CapEx expansion, might growth expectations be too low for 2022? And remember, one man’s CapEx is another’s earnings per share2(EPS). Economic and earnings growth expectations may still be underappreciated.</p>\n<p>As we stated earlier, COVID-19 is the new enemy. We are trained to assume a reversion to the mean in terms of past experiences with peak growth. However, this time could very well prove different. We could see a durably higher level of nominal growth.3Of course, this is certainly not a base case scenario for the markets in 2022. But remember: Corporate America’s earnings performance has been genuinely spectacular for the second quarter. They’ve learned a thing or two in the COVID economy. Never bet against the US consumer. Never bet against the dynamic and flexible US private sector.</p>\n<p><b>7. A September to Remember?</b></p>\n<p>September is shaping up to be quite a month in the US capital. Below is a list of key DC happenings that will certainly provide some interesting headlines:</p>\n<ul>\n <li>September 6 – $300 unemployment benefits expire</li>\n <li>September 13 – Senate returns from break</li>\n <li>September 15 – Committees deadline for input on the $3.5T reconciliation bill</li>\n <li>September 20 – House returns from break</li>\n <li>September 27 – Pelosi commitment to hold a vote on the $1.2T bipartisan infrastructure deal</li>\n <li>September 30 – Fiscal year 2021 ends and a continuing resolution is needed to avoid a government shutdown</li>\n <li>September – Decision on Powell replacement and Fed picks expected</li>\n <li>October – Debt limit needs to be addressed</li>\n</ul>\n<p>The political theater kicked into high gear at the end of August when ten moderate House Democrats threatened to withhold their votes on the $3.5T budget resolution that had been previously approved by the Senate. This is important as it was needed to unlock the budget reconciliation process. Moderates demanded that the Speaker of the House, Nancy Pelosi, have a vote on the bipartisan Senate-approved infrastructure bill before any vote on the $3.5T budget resolution, which has been also approved by the Senate. Speaker Pelosi acquiesced and made a commitment to hold a vote on the Senate-passed bipartisan infrastructure bill no later than September 27. In return, moderates supported the budget resolution as part of the give and take.</p>\n<p>Congressional approval of the budget resolution has enabled the $3.5T human infrastructure proposal to move forward, but the road ahead will certainly be a slog. The budget resolution is a non-binding one, giving cover to moderate Democrats who voted to support the procedure but who may not support the final act due at the end of the month. With only a four-seat majority there are at least nine moderate House Democrats who won’t support the entire $3.5T package. Complicating the issue even more, the reconciliation bill must also pass the Senate where Senators Manchin and Sinema have made it clear they won’t support the entire $3.5T bill. In addition, when the House calls for a vote on the bipartisan infrastructure package later this month, the Speaker could get some pushback from progressive members of her caucus who have been demanding action on the large package prior to a vote on the bipartisan bill. If the Speaker keeps to her commitment to the moderates, it’s hard to see the progressives tanking a $1T proposal, which represents not only a major step forward for the USA’s crumbling infrastructure, but also what will be a big win for President Biden.</p>\n<p>Plenty of political tape bombs could come out of September. And we did not even discuss the debt ceiling and the government shutdown. While we view these two events as headline risk, markets have grown accustomed to the political theater involved with these two issues. With Democrats in charge of Washington, DC (House, Senate and White House), the last thing they need is to be blamed for a default and shutdown of the US government in front of the 2022 midterms. We expect any market-related weakness from a knee-jerk reaction to a headline to prove short-lived. Political gamesmanship is rarely lasting on the markets.</p>\n<p><b>In Summary: Stay the Course</b></p>\n<p>The market’s stretch run until the end of the year certainly will face some challenges. We have not seen a proper correction at all this year and history suggests at least three should occur, on average. Might we finally get at least one? “Buy the dip” has certainly been the modus operandi all year. We aren’t in the business of calling short-term market corrections. Rather, we are in the business of looking for cyclical shifts that lead to an end to economic expansions and market upcycles. Given the worries outlined above and the supportive measures still acting as tailwinds, we believe markets are still poised to grind higher.</p>\n<p>Sure, the ride may be a bit bumpier as we weave through a political battlefield and a world where we need to learn to coexist with a virus that may never leave us. But we don’t find enough evidence to flip bearish risk assets. Stay the course for the rest of the year. It’s all about earnings. Sure, they will ease. They have to. But we don’t see them underwhelming just yet.</p>\n<p>1Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, and technology.</p>\n<p>2Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.</p>\n<p>3Nominal growth refers to the nominal gross domestic product(GDP)evaluated at current market prices. Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy.</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>7 Back-To-School Market Lessons For Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Back-To-School Market Lessons For Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 17:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be back behind their turrets watching the screens flicker.\nHere are some key factors and market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178869256","content_text":"Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be back behind their turrets watching the screens flicker.\nHere are some key factors and market perspectives to consider.\n\nBack from vacations. Beach houses seem like distant memories. Kids are off to school. The days are getting shorter. Summer is fading and fall is kicking in. That means traders and portfolio managers will be back behind their turrets watching the screens flicker. It’s the final run into the end of the year. So, what do we think from here until New Year’s Eve? Here are some key factors and market perspectives to consider.\n1. COVID-19 Still Biggest Risk\nA lot of the worries can be traced back to the Delta variant. We certainly saw the impact in this latest jobs print here in the US. The leisure and hospitality segment of the workforce saw almost no jobs added for the month of August. Not surprisingly, August also saw a surge in case counts related to the Delta variant. It’s easy to see the spillover impact from COVID, but let’s keep it in perspective:\n\nNote that each subsequent surge in case counts has seen less and less of an economic impact.\nCompanies and the economy have broadly learned to cope with the virus, and earnings have been nothing short of spectacular.\nPolicy makers are shifting tack with a greater focus on vaccinations, understanding that coexisting with the virus is the likely path forward.\nThe private sector is leading the charge as vaccination mandates become more the norm than the exception. This should help those vaccination penetration rates push higher.\n\nFlorida barometer:We’ve heard worries that a back-to-school surge and its spillover effects may adversely impact the real economy once again. We continue to point to Florida as the key state to monitor. Why? Because it was one of the first states in the US to see a sharp rise in Delta-variant-related case counts. More importantly, Florida took the fewest steps to mitigate the spread, highlighted by the signing of an executive order barring mask mandates. Lastly, back-to-school season started several weeks ago, marking a key barometer for the future path of in-person learning. What are we seeing? A cresting in case counts and no real discernible difference in the COVID-related data in school districts that are open and engaging full in-person learning versus those still not open or leveraging some version of a hybrid policy.\nBoosters:The risk we do want to highlight is the need for booster shots. If mRNA vaccine efficacy is deteriorating faster than anticipated, the ability to completely win the battle against the virus will become that much harder. And if we assume mutations will remain the norm, this battle becomes even more complex. The strategy going forward will certainly be coexisting if this is the case.\n2. Taper, No Tantrum\nWe do not expect the Fed “withdrawing liquidity” (i.e. tapering) to become a major headwind. Rate hikes will matter more.We believe tapering is more a matter of misunderstood monetary policy than anything else. Because of experiences like that of 2013, many of us think Taper Tantrum whenever there is talk of the Fed reducing its asset purchases. However, there are a few major differences in today’s economy versus other tapering times. For example, in 2013 there was slack in the economy. The output gap back in 2013 was still pointing to an economy running well below potential. Withdrawing marginal support at a time when the economy was still in recovery mode should certainly elicit an adverse reaction. Currently, the Congressional Budget Office estimates the output gap has closed, indicating a lack of slack in the US economy. Also, recall that asset purchases during the Great Financial Crisis were all about removing illiquid mortgage-related assets from banks’ balance sheets in an attempt to free up capital and restart lending. This is not an issue today.\n3. Learn Your Liquidity\nLiquidity is a word that gets thrown around quite a bit. But it’s often used in a manner that is misguided. There are three forms of liquidity:\n\nSystemic Liquidity– the resources within the banking system that are used to settle inter-bank payments. This system is actively managed by the Fed and is not fungible outside of the banking system in any way. Only the Fed can add or withdraw liquidity from this system.\nCredit Liquidity– the ability of individuals and corporations to increase debt or roll over existing liabilities. Banks create credit and this credit creation is independent of reserves. Our fractional reserves-based system is often misunderstood within this context and often creates confusion with this concept. Sure, banks have regulatory issues that can constrain lending. But if banks want to lend, they will lend. If I have the risk appetite to borrow and you have the risk appetite to lend, credit liquidity will find a way to make this happen – independent of the Fed’s balance sheet or systemic liquidity.\nTransactional Liquidity– the ease with which investors can buy and sell financial assets. This backdrop is often influenced by market structure or regulatory issues. But in the end, the Fed’s balance sheet has little to do with it. This form of liquidity is often pro-cyclical, but ultimately, transactional liquidity is a function of risk appetite from you and me.\n\nWhy run through all of this? Two of the three forms of liquidity that we often conflate are a product of risk appetite. A risk appetite that is driven by you and me, independent of the Fed’s balance sheet. The third – systemic liquidity – is an endogenous issue. One that cannot find its way directly into the equity, currency or bond markets. So, if the Fed’s balance sheet really isn’t a driver of liquidity, then why all of the hoopla surrounding tapering? Because tapering matters to the extent that market participants believe it matters. A placebo effect. We are conditioned to think it matters. So as long as we believe this, then it matters.\nHere is one other point to highlight regarding tapering concerns: Chair Powell and the Fed have been very articulate in their forward guidance. Tapering is coming – that has been made crystal clear. The timing and size are still up for debate. But more importantly, they made a concerted effort to de-link the relationship between tapering and interest rate hikes during their Jackson Hole meeting comments. These two events are disconnected and mutually exclusive. The Fed will taper and step back and reassess the economy. Rate hikes will follow accordingly should they be appropriate. Rate hikes matter far more than tapering and the commencement of any hiking cycle is still quite a ways off in the future.\n4. More Demand, Less Supply of Treasuries\nWho will buy all of these Treasuries once the Fed steps away?Central banks have certainly been significant buyers of bonds over the years. Tapering leads to a drop in this marginal buyer, implying that interest rates will shoot up from a lack of demand. This has been a rallying cry of interest rate bears for several years, and this simply has never panned out. Gross Treasury issuance projections are expected to decline meaningfully in 2022. This decline in issuance will far outpace the expected reduction in net purchases by the Fed, meaning that supply will be falling at a faster pace than demand. Moreover, the marginal buyer coming from the price-insensitive camp is growing by leaps and bounds. There are still plenty of factions – think insurance companies, pension funds, banks and their regulatory related requirements, etc. – that have to own high quality fixed income assets for one reason or another. There is simply not enough supply of high quality liquid assets out there to satiate this need. “Who is going to buy all of these Treasuries?” has been a fool’s errand trade.\n5. Peak Momentum Doesn’t Mean Peak Growth\nSure, the policy/reopening impulse may have peaked. But it’s far from over. We certainly cannot extrapolate growth going up and to the right forever. However, don’t confuse slowing momentum with a lower absolute level of growth. The recent Delta surge has put a near-term damper on growth prospects. But we are simply trading more COVID risk now for less in the future. We think this directly translates to the real economy: fatter and flatter (think of a sine wave). A little less near-term strength (flatter) for a little longer expansion (fatter). Delayed but not derailed.\nGovernment policy-response impulse is certainly fading from a rate of change perspective. China is tightening and the Fed will be tapering. Fiscal tailwinds in almost every country will turn to headwinds in 2022. But while these fiscal tailwinds fade, they are far from over. Note the Child Tax Credit payments, back-to-school spending, rising wages (especially for the cohorts with the strongest marginal propensity to consume), European recovery-fund payments, and infrastructure spending. Add in inventory restocking, an emerging capital expenditure1(CAPEX)cycle, increased vaccination penetration rates, and further progress on the economic reopening, and it’s clear that the impulse may have peaked but it’s far from over. And we remind our readers that all of this US fiscal cliff talk is occurring at a time when the US is effectively operating with a closed output gap. This is a very different economic context from previous cycles, which typically saw slack still in the economy.\n6. Shift from Demand Side to Supply Side?\nMight we finally see a shift from demand side policies towards supply side catalysts? Will the strains that have emerged and magnified in the heart of the COVID crisis prove to be the catalyst for this handoff? While a true CapEx cycle has always been wishful thinking, might this time be any different? It’s quite possible that this time around, corporations have adjusted and learned to deal with this new demand environment. Companies certainly learned a thing or two in the past 18 months. These efficiency gains do not simply go away. Rather, they should improve operating leverage and become permanent. And if this shift from demand side support to supply side growth manifests in a real CapEx expansion, might growth expectations be too low for 2022? And remember, one man’s CapEx is another’s earnings per share2(EPS). Economic and earnings growth expectations may still be underappreciated.\nAs we stated earlier, COVID-19 is the new enemy. We are trained to assume a reversion to the mean in terms of past experiences with peak growth. However, this time could very well prove different. We could see a durably higher level of nominal growth.3Of course, this is certainly not a base case scenario for the markets in 2022. But remember: Corporate America’s earnings performance has been genuinely spectacular for the second quarter. They’ve learned a thing or two in the COVID economy. Never bet against the US consumer. Never bet against the dynamic and flexible US private sector.\n7. A September to Remember?\nSeptember is shaping up to be quite a month in the US capital. Below is a list of key DC happenings that will certainly provide some interesting headlines:\n\nSeptember 6 – $300 unemployment benefits expire\nSeptember 13 – Senate returns from break\nSeptember 15 – Committees deadline for input on the $3.5T reconciliation bill\nSeptember 20 – House returns from break\nSeptember 27 – Pelosi commitment to hold a vote on the $1.2T bipartisan infrastructure deal\nSeptember 30 – Fiscal year 2021 ends and a continuing resolution is needed to avoid a government shutdown\nSeptember – Decision on Powell replacement and Fed picks expected\nOctober – Debt limit needs to be addressed\n\nThe political theater kicked into high gear at the end of August when ten moderate House Democrats threatened to withhold their votes on the $3.5T budget resolution that had been previously approved by the Senate. This is important as it was needed to unlock the budget reconciliation process. Moderates demanded that the Speaker of the House, Nancy Pelosi, have a vote on the bipartisan Senate-approved infrastructure bill before any vote on the $3.5T budget resolution, which has been also approved by the Senate. Speaker Pelosi acquiesced and made a commitment to hold a vote on the Senate-passed bipartisan infrastructure bill no later than September 27. In return, moderates supported the budget resolution as part of the give and take.\nCongressional approval of the budget resolution has enabled the $3.5T human infrastructure proposal to move forward, but the road ahead will certainly be a slog. The budget resolution is a non-binding one, giving cover to moderate Democrats who voted to support the procedure but who may not support the final act due at the end of the month. With only a four-seat majority there are at least nine moderate House Democrats who won’t support the entire $3.5T package. Complicating the issue even more, the reconciliation bill must also pass the Senate where Senators Manchin and Sinema have made it clear they won’t support the entire $3.5T bill. In addition, when the House calls for a vote on the bipartisan infrastructure package later this month, the Speaker could get some pushback from progressive members of her caucus who have been demanding action on the large package prior to a vote on the bipartisan bill. If the Speaker keeps to her commitment to the moderates, it’s hard to see the progressives tanking a $1T proposal, which represents not only a major step forward for the USA’s crumbling infrastructure, but also what will be a big win for President Biden.\nPlenty of political tape bombs could come out of September. And we did not even discuss the debt ceiling and the government shutdown. While we view these two events as headline risk, markets have grown accustomed to the political theater involved with these two issues. With Democrats in charge of Washington, DC (House, Senate and White House), the last thing they need is to be blamed for a default and shutdown of the US government in front of the 2022 midterms. We expect any market-related weakness from a knee-jerk reaction to a headline to prove short-lived. Political gamesmanship is rarely lasting on the markets.\nIn Summary: Stay the Course\nThe market’s stretch run until the end of the year certainly will face some challenges. We have not seen a proper correction at all this year and history suggests at least three should occur, on average. Might we finally get at least one? “Buy the dip” has certainly been the modus operandi all year. We aren’t in the business of calling short-term market corrections. Rather, we are in the business of looking for cyclical shifts that lead to an end to economic expansions and market upcycles. Given the worries outlined above and the supportive measures still acting as tailwinds, we believe markets are still poised to grind higher.\nSure, the ride may be a bit bumpier as we weave through a political battlefield and a world where we need to learn to coexist with a virus that may never leave us. But we don’t find enough evidence to flip bearish risk assets. Stay the course for the rest of the year. It’s all about earnings. Sure, they will ease. They have to. But we don’t see them underwhelming just yet.\n1Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, and technology.\n2Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.\n3Nominal growth refers to the nominal gross domestic product(GDP)evaluated at current market prices. Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860746261,"gmtCreate":1632220083653,"gmtModify":1676530727530,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860746261","repostId":"1193539787","repostType":4,"repost":{"id":"1193539787","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1632216266,"share":"https://ttm.financial/m/news/1193539787?lang=&edition=fundamental","pubTime":"2021-09-21 17:24","market":"us","language":"en","title":"What Are They Hiding? Institutions Are Trading A Ton Of AMC Entertainment Stock On The Dark Pool","url":"https://stock-news.laohu8.com/highlight/detail?id=1193539787","media":"Benzinga","summary":"AMC continue falling, it tumbled 6% in morning trading.$AMC Entertainment$ Holdings Inc shares are trading lower Monday amid overall market weakness as stocks across sectors fall on COVID-19 pandemic concerns and issues in $China$.$Investors$ might be interested in the fact that about 60% of the volume for the last 30 days has been traded by institutions over the dark pool, compared to 40% on lit markets, and with only 8% of that 40% being traded on the NYSE. According to Finviz.com, the percent","content":"<p><i><b>(Update: Sept 21, 2021 at 11:06 a.m. ET)</b></i></p>\n<p>AMC continue falling, it tumbled 6% in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/e5a4735e4fb38452536fcc77fc95ccc1\" tg-width=\"1185\" tg-height=\"582\" width=\"100%\" height=\"auto\"></p>\n<p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc</b>&nbsp;shares are trading lower Monday amid overall market weakness as stocks across sectors fall on COVID-19 pandemic&nbsp;concerns and issues in <a href=\"https://laohu8.com/S/CAAS\">China</a>.</p>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> might be interested in the fact that about 60% of the volume for the last 30 days has been&nbsp;traded&nbsp;by institutions over the dark pool, compared to 40% on lit markets, and with only 8% of that 40% being traded on the NYSE.&nbsp;According to Finviz.com, the percentage of shorts still in the stock is more than&nbsp;20%, with a float of 448 million putting the amount of shorted shares at over 90 million.</p>\n<p>AMC was down 8.85% at $40.29&nbsp;on Monday at market close.</p>\n<p><b>AMC Daily Chart</b>&nbsp;<b>Analysis</b></p>\n<ul>\n <li>The stock looks to be attempting to bounce off support in what technical traders call a pennant pattern.</li>\n <li>The stock saw a push higher and now is consolidating between narrowing highs and lows. It may continue to trade within the pattern of support and resistance until the stock sees an above-average volume day and can break out.</li>\n <li>The stock trades above both the 50-day moving average (green)&nbsp;and the 200-day moving average (blue), indicating the stock is likely facing a period of bullish sentiment.</li>\n <li>Each of these moving averages may hold as a potential area of support in the future.</li>\n <li>The Relative Strength Index (RSI) saw a slight dip Monday and now sits at 43. This means that the stock has seen slightly more selling pressure than buying pressure in the past few days.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/ff4aeb17dad5c5178c43581dc110f258\" tg-width=\"2058\" tg-height=\"1312\" referrerpolicy=\"no-referrer\"></p>\n<p><b>What’s Next For AMC?</b></p>\n<p>Bulls (or should I say apes) are looking to see the stock bounce off pattern support and continue to trade above it. If support can hold the stock may continue to rise to where bulls would like to see the stock break above pattern resistance and shoot higher. If shorts begin to cover their shares, the stock could see a short squeeze and a large bullish run.</p>\n<p>Bears are looking to see the stock fall below pattern support in the next few days. If this pattern support is broken, there is always a chance the stock could see a further push downward.</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>What Are They Hiding? Institutions Are Trading A Ton Of AMC Entertainment Stock On The Dark Pool</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\">\nWhat Are They Hiding? Institutions Are Trading A Ton Of AMC Entertainment Stock On The Dark Pool\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-09-21 17:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><i><b>(Update: Sept 21, 2021 at 11:06 a.m. ET)</b></i></p>\n<p>AMC continue falling, it tumbled 6% in morning trading.</p>\n<p><img src=\"https://static.tigerbbs.com/e5a4735e4fb38452536fcc77fc95ccc1\" tg-width=\"1185\" tg-height=\"582\" width=\"100%\" height=\"auto\"></p>\n<p><b><a href=\"https://laohu8.com/S/AMC\">AMC Entertainment</a> Holdings Inc</b>&nbsp;shares are trading lower Monday amid overall market weakness as stocks across sectors fall on COVID-19 pandemic&nbsp;concerns and issues in <a href=\"https://laohu8.com/S/CAAS\">China</a>.</p>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> might be interested in the fact that about 60% of the volume for the last 30 days has been&nbsp;traded&nbsp;by institutions over the dark pool, compared to 40% on lit markets, and with only 8% of that 40% being traded on the NYSE.&nbsp;According to Finviz.com, the percentage of shorts still in the stock is more than&nbsp;20%, with a float of 448 million putting the amount of shorted shares at over 90 million.</p>\n<p>AMC was down 8.85% at $40.29&nbsp;on Monday at market close.</p>\n<p><b>AMC Daily Chart</b>&nbsp;<b>Analysis</b></p>\n<ul>\n <li>The stock looks to be attempting to bounce off support in what technical traders call a pennant pattern.</li>\n <li>The stock saw a push higher and now is consolidating between narrowing highs and lows. It may continue to trade within the pattern of support and resistance until the stock sees an above-average volume day and can break out.</li>\n <li>The stock trades above both the 50-day moving average (green)&nbsp;and the 200-day moving average (blue), indicating the stock is likely facing a period of bullish sentiment.</li>\n <li>Each of these moving averages may hold as a potential area of support in the future.</li>\n <li>The Relative Strength Index (RSI) saw a slight dip Monday and now sits at 43. This means that the stock has seen slightly more selling pressure than buying pressure in the past few days.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/ff4aeb17dad5c5178c43581dc110f258\" tg-width=\"2058\" tg-height=\"1312\" referrerpolicy=\"no-referrer\"></p>\n<p><b>What’s Next For AMC?</b></p>\n<p>Bulls (or should I say apes) are looking to see the stock bounce off pattern support and continue to trade above it. If support can hold the stock may continue to rise to where bulls would like to see the stock break above pattern resistance and shoot higher. If shorts begin to cover their shares, the stock could see a short squeeze and a large bullish run.</p>\n<p>Bears are looking to see the stock fall below pattern support in the next few days. If this pattern support is broken, there is always a chance the stock could see a further push downward.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","POOL":"Pool Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193539787","content_text":"(Update: Sept 21, 2021 at 11:06 a.m. ET)\nAMC continue falling, it tumbled 6% in morning trading.\n\nAMC Entertainment Holdings Inc shares are trading lower Monday amid overall market weakness as stocks across sectors fall on COVID-19 pandemic concerns and issues in China.\nInvestors might be interested in the fact that about 60% of the volume for the last 30 days has been traded by institutions over the dark pool, compared to 40% on lit markets, and with only 8% of that 40% being traded on the NYSE. According to Finviz.com, the percentage of shorts still in the stock is more than 20%, with a float of 448 million putting the amount of shorted shares at over 90 million.\nAMC was down 8.85% at $40.29 on Monday at market close.\nAMC Daily Chart Analysis\n\nThe stock looks to be attempting to bounce off support in what technical traders call a pennant pattern.\nThe stock saw a push higher and now is consolidating between narrowing highs and lows. It may continue to trade within the pattern of support and resistance until the stock sees an above-average volume day and can break out.\nThe stock trades above both the 50-day moving average (green) and the 200-day moving average (blue), indicating the stock is likely facing a period of bullish sentiment.\nEach of these moving averages may hold as a potential area of support in the future.\nThe Relative Strength Index (RSI) saw a slight dip Monday and now sits at 43. This means that the stock has seen slightly more selling pressure than buying pressure in the past few days.\n\n\nWhat’s Next For AMC?\nBulls (or should I say apes) are looking to see the stock bounce off pattern support and continue to trade above it. If support can hold the stock may continue to rise to where bulls would like to see the stock break above pattern resistance and shoot higher. If shorts begin to cover their shares, the stock could see a short squeeze and a large bullish run.\nBears are looking to see the stock fall below pattern support in the next few days. If this pattern support is broken, there is always a chance the stock could see a further push downward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860319229,"gmtCreate":1632134151561,"gmtModify":1676530707380,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/860319229","repostId":"1112144590","repostType":4,"repost":{"id":"1112144590","pubTimestamp":1632132479,"share":"https://ttm.financial/m/news/1112144590?lang=&edition=fundamental","pubTime":"2021-09-20 18:07","market":"us","language":"en","title":"Bitcoin Drops Below $45,000. Evergrande Contagion Fears Hit Cryptocurrencies","url":"https://stock-news.laohu8.com/highlight/detail?id=1112144590","media":"Barron's","summary":"Bitcoin and other cryptocurrencies slumped Monday as assets of all shapes and sizes were caught up i","content":"<p>Bitcoin and other cryptocurrencies slumped Monday as assets of all shapes and sizes were caught up in a wave of selling brought on by contagion fears from the mounting problems at embattled property giantChina Evergrande Group.</p>\n<p>Bitcoin, the world’s largest cryptocurrency, dropped 6.63% to $44,979. It dropped to as low as $44,523 over the past 24 hours. Despite Monday’s slump, Bitcoin has risen more than 55% so far in 2021.</p>\n<p>Ethereum, the second-largest cryptocurrency, was down 8.14% at $3,146.</p>\n<p>Evergrande, the world’s most indebted developer, owes more than $300 billion but Chinese authorities have warned banks the company &nbsp;won’t be able to pay debt obligations due Monday, according to reports. Evergrande said Sunday it has begun repaying investors in its wealth management products with real estate.</p>\n<p>Futures contracts linked to theDow Jones Industrial Averagefell 535 points, or 1.55%. The blue-chip index fell 166 points on Friday to close at 34,585.</p>\n<p>S&amp;P 500futures dropped 1.3% andNasdaqfutures slumped 1.06%.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Drops Below $45,000. Evergrande Contagion Fears Hit Cryptocurrencies</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\">\nBitcoin Drops Below $45,000. Evergrande Contagion Fears Hit Cryptocurrencies\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-20 18:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/step-up-in-basis-repeal-win-win-tax-reform-democrats-51631821032><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin and other cryptocurrencies slumped Monday as assets of all shapes and sizes were caught up in a wave of selling brought on by contagion fears from the mounting problems at embattled property ...</p>\n\n<a href=\"https://www.barrons.com/articles/step-up-in-basis-repeal-win-win-tax-reform-democrats-51631821032\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.barrons.com/articles/step-up-in-basis-repeal-win-win-tax-reform-democrats-51631821032","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112144590","content_text":"Bitcoin and other cryptocurrencies slumped Monday as assets of all shapes and sizes were caught up in a wave of selling brought on by contagion fears from the mounting problems at embattled property giantChina Evergrande Group.\nBitcoin, the world’s largest cryptocurrency, dropped 6.63% to $44,979. It dropped to as low as $44,523 over the past 24 hours. Despite Monday’s slump, Bitcoin has risen more than 55% so far in 2021.\nEthereum, the second-largest cryptocurrency, was down 8.14% at $3,146.\nEvergrande, the world’s most indebted developer, owes more than $300 billion but Chinese authorities have warned banks the company  won’t be able to pay debt obligations due Monday, according to reports. Evergrande said Sunday it has begun repaying investors in its wealth management products with real estate.\nFutures contracts linked to theDow Jones Industrial Averagefell 535 points, or 1.55%. The blue-chip index fell 166 points on Friday to close at 34,585.\nS&P 500futures dropped 1.3% andNasdaqfutures slumped 1.06%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860319811,"gmtCreate":1632134116733,"gmtModify":1676530707372,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??????","listText":"??????","text":"??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860319811","repostId":"2168502037","repostType":4,"repost":{"id":"2168502037","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":1632133260,"share":"https://ttm.financial/m/news/2168502037?lang=&edition=fundamental","pubTime":"2021-09-20 18:21","market":"us","language":"en","title":"All 30 Dow stocks fall as Evergrande default fears spark selloff","url":"https://stock-news.laohu8.com/highlight/detail?id=2168502037","media":"Dow Jones","summary":"Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Monday's premar","content":"<p>Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Monday's premarket, led by financials, as part of a global equity selloff sparked by concerns over the collateral damage from the potential default by China-base real estate developer Evergrande Group. Among the biggest early decliners, shares of American Express Co. <a href=\"https://laohu8.com/S/AXP.AU\">$(AXP.AU)$</a> sank 2.9%, Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a> gave up 2.5% and J.P. Morgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a> shed 2.5%. The most active Dow stock was Apple Inc.'s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, which slid 1.2%. The best performer was Traveler Companies Inc.'s stock <a href=\"https://laohu8.com/S/TRV\">$(TRV)$</a>, which slipped just 0.1%. Meanwhile, Dow futures tumbled 540 points, or 1.6%.</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>All 30 Dow stocks fall as Evergrande default fears spark selloff</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\">\nAll 30 Dow stocks fall as Evergrande default fears spark selloff\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\">2021-09-20 18:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Monday's premarket, led by financials, as part of a global equity selloff sparked by concerns over the collateral damage from the potential default by China-base real estate developer Evergrande Group. Among the biggest early decliners, shares of American Express Co. <a href=\"https://laohu8.com/S/AXP.AU\">$(AXP.AU)$</a> sank 2.9%, Goldman Sachs Group Inc. <a href=\"https://laohu8.com/S/GS\">$(GS)$</a> gave up 2.5% and J.P. Morgan Chase &amp; Co. <a href=\"https://laohu8.com/S/JPM\">$(JPM)$</a> shed 2.5%. The most active Dow stock was Apple Inc.'s <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a>, which slid 1.2%. The best performer was Traveler Companies Inc.'s stock <a href=\"https://laohu8.com/S/TRV\">$(TRV)$</a>, which slipped just 0.1%. Meanwhile, Dow futures tumbled 540 points, or 1.6%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03333":"中国恒大","AXP":"美国运通","AAPL":"苹果","GS":"高盛","JPM":"摩根大通","EGRNF":"China Evergrande Group","TRV":"旅行者财产险集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168502037","content_text":"Shares of all 30 components of the Dow Jones Industrial Average are trading lower in Monday's premarket, led by financials, as part of a global equity selloff sparked by concerns over the collateral damage from the potential default by China-base real estate developer Evergrande Group. Among the biggest early decliners, shares of American Express Co. $(AXP.AU)$ sank 2.9%, Goldman Sachs Group Inc. $(GS)$ gave up 2.5% and J.P. Morgan Chase & Co. $(JPM)$ shed 2.5%. The most active Dow stock was Apple Inc.'s $(AAPL)$, which slid 1.2%. The best performer was Traveler Companies Inc.'s stock $(TRV)$, which slipped just 0.1%. Meanwhile, Dow futures tumbled 540 points, or 1.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":887618121,"gmtCreate":1632025568463,"gmtModify":1676530689284,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887618121","repostId":"2168508928","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884868443,"gmtCreate":1631879808082,"gmtModify":1676530659802,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/884868443","repostId":"1102595384","repostType":4,"repost":{"id":"1102595384","pubTimestamp":1631879657,"share":"https://ttm.financial/m/news/1102595384?lang=&edition=fundamental","pubTime":"2021-09-17 19:54","market":"us","language":"en","title":"Sea Limited: It's All About Expectations And Discount Rate","url":"https://stock-news.laohu8.com/highlight/detail?id=1102595384","media":"Seeking Alpha","summary":"Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Since our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.</li>\n <li>Our approach now is similar but instead of stretching consensus, we rely on it and check what is the implied discount rate which delivers the current share price.</li>\n <li>We have tried to assess the most appropriate discount rate and we believe there is enough evidence of a current mismatch between current valuation and the appropriate discount rate.</li>\n <li>The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace which might lead to new taxes in SE markets.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/573f2b1b0d40da30f023491c4ab630f4\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Astragal/iStock via Getty Images</span></p>\n<p><b>Investment thesis</b></p>\n<p>When we first looked at Sea Limited (SE)&nbsp;in April 2021, the stock was trading at USD 274 per share, and we considered the stock almost fairly valued in the best of all possible scenarios. Since then, the stock has raised a further 20% and is trading at more than USD 330 per share. We are now reviewing our valuation approach, which in April was based on stressing consensus to check to which extent it should have been stretched to match the market cap at that time. Our approach now is similar, but instead of stretching consensus, we rely on it and check the implied discount rate that delivers the current share price. Instead of working on estimates, we are working on the discount rate.</p>\n<p>We have tried to assess the most appropriate discount rate, and we believe there is enough evidence of a current mismatch between the current valuation and the appropriate discount rate. In our view, the discount rate which justifies the current share price is far lower than the most appropriate one. The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace, which might lead to new taxes in SE markets.</p>\n<p><b>Revenue guidance for 2021 was raised after Q2.</b></p>\n<p>In Q1, management guided Garena’s revenues between USD 4.3 bln and USD 4.5 bln (38% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to USD 4.5 bln and USD 4.7 bln (44% YoY growth assuming guidance midpoint).</p>\n<p>Shopee revenues in Q1 were guided between $4.5 bln and $4.7 bln (112% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to $4.7 bln and $4.9 bln (121% YoY growth assuming guidance midpoint).</p>\n<p>It is worth noting in the table below that, while consensus has fairly factored higher FY21 revenues guidance on both Garena and Shopee, EBITDA compared to April 2021 has been downward revised at a consolidated level not only in 2021. EBITDA has been cut from 2021 to 2026.</p>\n<p>In other words, revenue growth leads to lower operating margins over the next five years, but the equity value is growing. EBITDA from 2026 onward is higher than previously expected (USD 866 mln in 2030), and thus Terminal Value is driving equity value higher.</p>\n<p>Basically, the consensus is shifting towards terminal value, which carries higher risk, but market valuation is increasing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1e95c9ddadd6d8ff7bd0ebb8b595bdf\" tg-width=\"640\" tg-height=\"105\" width=\"100%\" height=\"auto\"><span>Source: Bloomberg data as of September 13, 2021</span></p>\n<p><b>Valuation approach (Sea – USD 330 per share as of September 13, 2021)Trying to assess the discount rate</b></p>\n<p>The key issue behind SE valuation is trying to assess an appropriate discount rate. Since the company's net financial position is cash positive (total financial debt – cash and cash equivalent), the WACC is equal to the Cost of Equity.</p>\n<p>Relying on CAPM (Capital Asset Pricing Model) to estimate the cost of equity raises some concerns. According to CAPM, Ke = Risk-free + Beta x Market Risk Premium.</p>\n<p>Here the main concerns are:</p>\n<p><b>1. What is the beta for SE?</b></p>\n<p>We have tried to assess SE beta and checked SE correlation to the market (table 2, 3, 4, and 5). The highest correlation is toward S&amp;P500, but linear Beta, Beta +/-, and non-parametric all show an R^2 around 0.4, which indicates that SE is decorrelated from the S&amp;P 500 Index (a similar story for other indexes). Beta is thus not useful to the extent of our analysis.</p>\n<p>Source: Moat Investing elaboration on Bloomberg data</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c592c8312acabe90c741a507a038bf8b\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/704203388ec2befc8cd12672b1cee669\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8144b2df488ed4dad74084b63cece566\" tg-width=\"605\" tg-height=\"236\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p><b>2. What is the Market Risk Premium?</b></p>\n<p>This is the most controversial element in the CAPM. The risk premium should reflect the “premium” required by equity holders on top of the risk-free.</p>\n<p>We must keep present that SE's key market is South Asia. Thus, in our view, we should add a country risk adjustment to consider it. If we were using US Market Risk Premium, we would underestimate the risk related to the geographical areas where SE operates.</p>\n<p>We have thus adjusted the Market Risk Premium factoring in Country Risk Premium calculated by considering the spread between Indonesian and US treasuries at 10y.</p>\n<p>Adjusting for country premium, the appropriate cost of equity for SE would be 15.3% (see chart 6). Assuming an appropriate Beta would be even higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33df371ce03f740a6a6b0ffcaa5b8680\" tg-width=\"640\" tg-height=\"129\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p><b>3. What is the appropriate terminal growth rate?</b></p>\n<p>We estimate the terminal growth by calculating the reinvestment rate (% of FCFF reinvested as CAPEX) and the sustainable ROI. We believe our 3.5% terminal growth is rather sustainable as the company is reinvesting over 20% of its free cash flows and has a sustainable ROI of around 20%.</p>\n<p><b>DCF valuation and sensitivity analysis</b></p>\n<p>We have run a DCF totally based on consensus estimates from 2021 to 2030. The idea behind this analysis is to check the discount rate (Ke = WACC), which delivers an equity value in line with the current market cap.</p>\n<p>Factoring a 3.5% terminal growth rate and the fully diluted number of shares, the discount rate, which delivers around USD 180 bn market cap, is 7.7%!</p>\n<p><b>DCF</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eca0d9f0aea2257f2693e119fff4d735\" tg-width=\"640\" tg-height=\"321\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing</span></p>\n<p>We have thus run a sensitivity analysis by simply changing the discount rate as we believe that the cost of equity for SE should be adjusted for a country's risk premium.</p>\n<p>What happens if we increase the discount rate to around 15%? SE equity would be worth around USD 40 bn, some 70% less than the current value.</p>\n<p><b>Sensitivity</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e6789c9d7c55fcf1c2cceb6a8a66446\" tg-width=\"640\" tg-height=\"253\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing</span></p>\n<p>The fallacy of valuation through multiples and peer analysis</p>\n<p>We have seen some sell-side equity researches where the target price is calculated as a sum of the parts of the three businesses (Garena, Shopee, and Sea Money) where:</p>\n<ol>\n <li>Garena is valued using a P/E of 20x its foreseeable earnings in 2023.</li>\n <li>Shopee is valued using a DCF with a discount rate of around 8% and a terminal growth rate above 3.5%.</li>\n <li>Sea Money is valued using a totally invented multiple on its future GTV of 0.20x, where the correlation between GTV and equity value is questionable.</li>\n</ol>\n<p>Some analysts compare Garena to<i>Tencent</i>(OTCPK:TCEHY)(OTCPK:TCTZF), Sea Money to<i>Visa</i>(NYSE:V)<i>, Mastercard</i>(NYSE:MA)<i>and Adyen</i>, Shopee to<i>Amazon</i>(NASDAQ:AMZN)<i>, and Alibaba</i>(NYSE:BABA)(OTCPK:BABAF).</p>\n<p>We believe this valuation approach does not work and, in most cases, leads to misleading results. Garena is a rather new player, and comparing it to an over USD 500 bn market cap company with stable business sounds like nonsense. The same story for Sea Money compared to players who have a completely different business model.</p>\n<p>What could drive value creation for SEUpward revision of current estimates led by new acquisitions</p>\n<p>SE has recently announced it intends to raise USD 6.8 bn funds through an equity offering (some USD 3.9 bn) and convertible note issuance (some USD 2.9 bn). After the fundraising, SE would rely upon around USD 12.8 bn to support further Shopee expansion in Europe and India.</p>\n<p>Leverage of the balance sheet</p>\n<p>SE might decide to leverage the balance sheet by injecting debt which would lower the overall cost of capital. We believe this would be a viable strategy, although it might not come before 3 to 5 years when the company's cash flows would be robust enough to support massive leverage.</p>\n<p><b>Main risks</b></p>\n<p>We believe the main risks for the SE equity case are:</p>\n<ol>\n <li>The expectations around Garena and its embedded valuation. Garena is valued at around USD 60bn. Its value would drop significantly if it is unable to launch new successful games like Free Fire, and/or its margins would be lower as a result of a shift from in-house game development to third parties licensed games.</li>\n <li>The regulatory risks on its marketplace, which might lead to new taxes in SE markets.</li>\n</ol>\n<p><b>Conclusion</b></p>\n<p>At this stage, investors have these viable options:</p>\n<ol>\n <li>Believe that market estimates will be upward revised in the future as SE would continue to deliver significant growth.</li>\n <li>Believe that in the future as SE would command a more balanced D/E structure.</li>\n <li>Investing in SE assuming 7.7% potential return if 1) and/or 2) (or a mix of) would not happen.</li>\n</ol>\n<p>We think there is enough evidence to believe that the SE market cap has gone too far despite its solid business model. Factoring into current estimates, the appropriate hurdle rate might lead to far lower valuation evidence.</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>Sea Limited: It's All About Expectations And Discount Rate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited: It's All About Expectations And Discount Rate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 19:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.\nOur approach now is similar but ...</p>\n\n<a href=\"https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102595384","content_text":"Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.\nOur approach now is similar but instead of stretching consensus, we rely on it and check what is the implied discount rate which delivers the current share price.\nWe have tried to assess the most appropriate discount rate and we believe there is enough evidence of a current mismatch between current valuation and the appropriate discount rate.\nThe main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace which might lead to new taxes in SE markets.\n\nAstragal/iStock via Getty Images\nInvestment thesis\nWhen we first looked at Sea Limited (SE) in April 2021, the stock was trading at USD 274 per share, and we considered the stock almost fairly valued in the best of all possible scenarios. Since then, the stock has raised a further 20% and is trading at more than USD 330 per share. We are now reviewing our valuation approach, which in April was based on stressing consensus to check to which extent it should have been stretched to match the market cap at that time. Our approach now is similar, but instead of stretching consensus, we rely on it and check the implied discount rate that delivers the current share price. Instead of working on estimates, we are working on the discount rate.\nWe have tried to assess the most appropriate discount rate, and we believe there is enough evidence of a current mismatch between the current valuation and the appropriate discount rate. In our view, the discount rate which justifies the current share price is far lower than the most appropriate one. The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace, which might lead to new taxes in SE markets.\nRevenue guidance for 2021 was raised after Q2.\nIn Q1, management guided Garena’s revenues between USD 4.3 bln and USD 4.5 bln (38% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to USD 4.5 bln and USD 4.7 bln (44% YoY growth assuming guidance midpoint).\nShopee revenues in Q1 were guided between $4.5 bln and $4.7 bln (112% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to $4.7 bln and $4.9 bln (121% YoY growth assuming guidance midpoint).\nIt is worth noting in the table below that, while consensus has fairly factored higher FY21 revenues guidance on both Garena and Shopee, EBITDA compared to April 2021 has been downward revised at a consolidated level not only in 2021. EBITDA has been cut from 2021 to 2026.\nIn other words, revenue growth leads to lower operating margins over the next five years, but the equity value is growing. EBITDA from 2026 onward is higher than previously expected (USD 866 mln in 2030), and thus Terminal Value is driving equity value higher.\nBasically, the consensus is shifting towards terminal value, which carries higher risk, but market valuation is increasing.\nSource: Bloomberg data as of September 13, 2021\nValuation approach (Sea – USD 330 per share as of September 13, 2021)Trying to assess the discount rate\nThe key issue behind SE valuation is trying to assess an appropriate discount rate. Since the company's net financial position is cash positive (total financial debt – cash and cash equivalent), the WACC is equal to the Cost of Equity.\nRelying on CAPM (Capital Asset Pricing Model) to estimate the cost of equity raises some concerns. According to CAPM, Ke = Risk-free + Beta x Market Risk Premium.\nHere the main concerns are:\n1. What is the beta for SE?\nWe have tried to assess SE beta and checked SE correlation to the market (table 2, 3, 4, and 5). The highest correlation is toward S&P500, but linear Beta, Beta +/-, and non-parametric all show an R^2 around 0.4, which indicates that SE is decorrelated from the S&P 500 Index (a similar story for other indexes). Beta is thus not useful to the extent of our analysis.\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\n2. What is the Market Risk Premium?\nThis is the most controversial element in the CAPM. The risk premium should reflect the “premium” required by equity holders on top of the risk-free.\nWe must keep present that SE's key market is South Asia. Thus, in our view, we should add a country risk adjustment to consider it. If we were using US Market Risk Premium, we would underestimate the risk related to the geographical areas where SE operates.\nWe have thus adjusted the Market Risk Premium factoring in Country Risk Premium calculated by considering the spread between Indonesian and US treasuries at 10y.\nAdjusting for country premium, the appropriate cost of equity for SE would be 15.3% (see chart 6). Assuming an appropriate Beta would be even higher.\nSource: Moat Investing elaboration on Bloomberg data\n3. What is the appropriate terminal growth rate?\nWe estimate the terminal growth by calculating the reinvestment rate (% of FCFF reinvested as CAPEX) and the sustainable ROI. We believe our 3.5% terminal growth is rather sustainable as the company is reinvesting over 20% of its free cash flows and has a sustainable ROI of around 20%.\nDCF valuation and sensitivity analysis\nWe have run a DCF totally based on consensus estimates from 2021 to 2030. The idea behind this analysis is to check the discount rate (Ke = WACC), which delivers an equity value in line with the current market cap.\nFactoring a 3.5% terminal growth rate and the fully diluted number of shares, the discount rate, which delivers around USD 180 bn market cap, is 7.7%!\nDCF\nSource: Moat Investing\nWe have thus run a sensitivity analysis by simply changing the discount rate as we believe that the cost of equity for SE should be adjusted for a country's risk premium.\nWhat happens if we increase the discount rate to around 15%? SE equity would be worth around USD 40 bn, some 70% less than the current value.\nSensitivity\nSource: Moat Investing\nThe fallacy of valuation through multiples and peer analysis\nWe have seen some sell-side equity researches where the target price is calculated as a sum of the parts of the three businesses (Garena, Shopee, and Sea Money) where:\n\nGarena is valued using a P/E of 20x its foreseeable earnings in 2023.\nShopee is valued using a DCF with a discount rate of around 8% and a terminal growth rate above 3.5%.\nSea Money is valued using a totally invented multiple on its future GTV of 0.20x, where the correlation between GTV and equity value is questionable.\n\nSome analysts compare Garena toTencent(OTCPK:TCEHY)(OTCPK:TCTZF), Sea Money toVisa(NYSE:V), Mastercard(NYSE:MA)and Adyen, Shopee toAmazon(NASDAQ:AMZN), and Alibaba(NYSE:BABA)(OTCPK:BABAF).\nWe believe this valuation approach does not work and, in most cases, leads to misleading results. Garena is a rather new player, and comparing it to an over USD 500 bn market cap company with stable business sounds like nonsense. The same story for Sea Money compared to players who have a completely different business model.\nWhat could drive value creation for SEUpward revision of current estimates led by new acquisitions\nSE has recently announced it intends to raise USD 6.8 bn funds through an equity offering (some USD 3.9 bn) and convertible note issuance (some USD 2.9 bn). After the fundraising, SE would rely upon around USD 12.8 bn to support further Shopee expansion in Europe and India.\nLeverage of the balance sheet\nSE might decide to leverage the balance sheet by injecting debt which would lower the overall cost of capital. We believe this would be a viable strategy, although it might not come before 3 to 5 years when the company's cash flows would be robust enough to support massive leverage.\nMain risks\nWe believe the main risks for the SE equity case are:\n\nThe expectations around Garena and its embedded valuation. Garena is valued at around USD 60bn. Its value would drop significantly if it is unable to launch new successful games like Free Fire, and/or its margins would be lower as a result of a shift from in-house game development to third parties licensed games.\nThe regulatory risks on its marketplace, which might lead to new taxes in SE markets.\n\nConclusion\nAt this stage, investors have these viable options:\n\nBelieve that market estimates will be upward revised in the future as SE would continue to deliver significant growth.\nBelieve that in the future as SE would command a more balanced D/E structure.\nInvesting in SE assuming 7.7% potential return if 1) and/or 2) (or a mix of) would not happen.\n\nWe think there is enough evidence to believe that the SE market cap has gone too far despite its solid business model. Factoring into current estimates, the appropriate hurdle rate might lead to far lower valuation evidence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882416570,"gmtCreate":1631714416090,"gmtModify":1676530616288,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/882416570","repostId":"1154841213","repostType":4,"isVote":1,"tweetType":1,"viewCount":102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886428130,"gmtCreate":1631618720020,"gmtModify":1676530591116,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??????","listText":"??????","text":"??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/886428130","repostId":"2167553576","repostType":4,"repost":{"id":"2167553576","pubTimestamp":1631616780,"share":"https://ttm.financial/m/news/2167553576?lang=&edition=fundamental","pubTime":"2021-09-14 18:53","market":"us","language":"en","title":"3 Stocks to Buy and Hold for the Long Term","url":"https://stock-news.laohu8.com/highlight/detail?id=2167553576","media":"Motley Fool","summary":"Getting rich slowly is still getting rich.","content":"<p>New, fast-growing companies are exciting. That's why initial public offerings get so much attention. The possibility of buying stock early in a huge winner is a story everyone wants to be a part of. But that excitement can mask a more obvious way to build wealth.</p>\n<p>Steady, reliable companies with great management can keep delivering for decades after the buzz of an IPO is gone. And unlike newly public companies, there are years of performance to judge.</p>\n<p>That's why we asked three Fool.com contributors which companies they thought were great to buy and hold for the long term. They chose <b><a href=\"https://laohu8.com/S/BKNG\">Booking Holdings</a></b>&nbsp;(NASDAQ:BKNG), <b>Ollie's</b> <b>Bargain</b> <b>Outlet Holdings</b>&nbsp;(NASDAQ:OLLI), and <b>Activision Blizzard</b> (NASDAQ:ATVI). Here's why.</p>\n<p><img src=\"https://static.tigerbbs.com/c67ece04292584701c6e8c8fb8fd2dca\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>Image source: Getty Images.</p>\n<h3>A dip that should end up being temporary</h3>\n<p><b>Jason Hawthorne (Booking Holdings):</b> Travel reservation services under the Booking Holdings umbrella allow consumers to set up accommodations, transportation, and other activities through its various branded sites. The most famous in the U.S. is <a href=\"https://laohu8.com/S/PCLN\">Priceline</a>.com. In Europe it's Booking.com. Although the pandemic upended its long-term financial trends, the dip is likely to be temporary.</p>\n<p>After seeing sales fall 55% in fiscal 2020, revenue for the first six months of 2021 was $3.3 billion. That's still 51% lower than it was for the same period in 2019. Despite that, the stock has fully recovered from its pandemic sell-off and now sits about 12% higher than where it began 2020. It's fair to wonder why.</p>\n<p>It seems the tide is finally starting to turn in the fight against COVID-19. There is improvement when you dig into the company's most recent quarter, too. Room nights were down 26% compared to 2019. But that was a lot better than the 54% drop in the previous quarter. On the conference call, CEO Glenn Fogel said the company expected the next quarter to be much closer to 2019 levels. In fact, he said at the beginning of August the company had more gross bookings for the remainder of the summer than it did in 2019. He did offer a caveat that the current bookings are more refundable and able to be canceled. Still, many experts believe it will be years before travel and leisure trends are back at pre-pandemic levels. If Fogel is right, that timeline could change.</p>\n<p>Patient investors should be rewarded. Through 2019, Booking put up 10-year revenue growth of 20% and earnings-per-share growth of 27%. It built more than 40% market share in the online travel agency segment. That produced the kind of stock performance investors dream of. Shares rose 840% in the decade, although shareholders shouldn't expect that kind of return going forward. There is room for the company to continue taking share in the fragmented, $2.4 trillion leisure travel market.</p>\n<h3>Short-term volatility is distracting from the long-term potential</h3>\n<p><b>Jon Quast (Ollie's):</b> Discount retailer Ollie's Bargain Outlet isn't exactly having a great year so far in 2021. Through the first half of 2021, net sales are down 1% year over year and earnings per share have fallen 33%. Of course, as an essential retailer, Ollie's had a record year last year because of the coronavirus-related lockdowns while some competing retailers were closed. So it's naturally challenging to repeat last year's success now that the retail landscape has somewhat normalized.</p>\n<p>Ollie's stock trades where it did way back in 2018 and is down 34% from its all-time high as of this writing. Needless to say, it's been rough for shareholders. However, I think the market is under-appreciating its long-term potential. Here are three reasons why Ollie's can still be a great buy for those willing to keep holding for the long term.</p>\n<p>First, remember how fast Ollie's is expanding. In the second quarter, the company surpassed 400 locations. This year it expects it will open 46 to 47 new locations total, with another 50 to 55 next year. Management plans to keep opening stores at a strong pace until it reaches over 1,050 nationwide. This is a big goal.</p>\n<p>Second, Ollie's isn't expanding in hopes of gaining profitability with scale, the company is solidly profitable <i>right now</i>. In the first half of 2021, its net profit margin is over 10%. Most brick-and-mortar retailers would love that kind of margin. As sales grow with more locations, profits should continue to go up as well. Consider that this value stock trades at just 24 times trailing earnings and it will only get cheaper as profits rise.</p>\n<p>Finally, Ollie's should keep rewarding shareholders with excess cash. Over the last few months, the company has repurchased roughly $50 million in stock and has plans to repurchase about $150 million more. With ongoing profits, over $444 million in cash, and less than $1 million in long-term debt, there's no reason why management won't keep returning cash to shareholders.</p>\n<p>Ollie's stock might not necessarily be a market-crushing investment from here. But there are few companies that offer this kind of long-term upside potential with little downside risk.</p>\n<h3><b>Growth for interactive entertainment is just getting started</b></h3>\n<p><b>Keith Noonan (Activision Blizzard):&nbsp;</b>If you had to rank the companies that had the biggest impact on the evolution of interactive entertainment over the last couple decades, Activision Blizzard would undoubtedly deserve a spot at the top of the list. Between its Activision, King Digital, and Blizzard publishing wings, the company is responsible for some of the medium's biggest hits, and it's <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the few players in the industry that's capable of serving up consistent wins across console, PC, and mobile platforms.</p>\n<p>Take a second to dwell on the fact that annual releases in Activision Blizzard's <i>Call of Duty</i> franchise accounted for seven out of 10 of the last decade's best-selling games. In 2020, the company released a brand new installment in the series and also an updated, remade version of a previous franchise classic. Want to guess which gaming property nabbed the No. 1 and No. 2 spots on the North American sales charts last year? I'm begging the question here, but the answer is <i>Call of Duty</i>.</p>\n<p>Even better, Activision Blizzard has managed to bridge the franchise into new distribution methods that have dramatically expanded its overall audience. <i>Call of Duty: Warzone</i> is free to download on PC and console platforms, while <i>Call of Duty: Mobile</i> is freely available to smart phone and tablet owners. Each game generates revenue through the optional sale of in-game items and upgrades, and Activision has managed to score incredible wins in the free-to-play category without diluting the power of its mainline console and PC releases. Tracking from NetBet suggests <i>Call of Duty: Warzone</i> is generating roughly $5.2 million in average daily sales, and <i>CoD: Mobile</i> has also been an incredible hit.</p>\n<p>As impressive as all of that is, the kicker is that Activision Blizzard is so much more than just <i>Call of Duty</i>. The company is also responsible for properties including <i>Candy Crush Saga</i>, <i>World of Warcraft</i>, and <i>Diablo</i>, among many others, and its impressive management and history of execution suggests it should be able to continue serving up big wins across multiple properties.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Buy and Hold for the Long Term</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Buy and Hold for the Long Term\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 18:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/09/14/3-stocks-buy-and-hold-long-term/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New, fast-growing companies are exciting. That's why initial public offerings get so much attention. The possibility of buying stock early in a huge winner is a story everyone wants to be a part of. ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/09/14/3-stocks-buy-and-hold-long-term/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪","BKNG":"Booking Holdings","OLLI":"Ollie's Bargain Outlet Holdings, Inc."},"source_url":"https://www.fool.com/investing/2021/09/14/3-stocks-buy-and-hold-long-term/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167553576","content_text":"New, fast-growing companies are exciting. That's why initial public offerings get so much attention. The possibility of buying stock early in a huge winner is a story everyone wants to be a part of. But that excitement can mask a more obvious way to build wealth.\nSteady, reliable companies with great management can keep delivering for decades after the buzz of an IPO is gone. And unlike newly public companies, there are years of performance to judge.\nThat's why we asked three Fool.com contributors which companies they thought were great to buy and hold for the long term. They chose Booking Holdings (NASDAQ:BKNG), Ollie's Bargain Outlet Holdings (NASDAQ:OLLI), and Activision Blizzard (NASDAQ:ATVI). Here's why.\n\nImage source: Getty Images.\nA dip that should end up being temporary\nJason Hawthorne (Booking Holdings): Travel reservation services under the Booking Holdings umbrella allow consumers to set up accommodations, transportation, and other activities through its various branded sites. The most famous in the U.S. is Priceline.com. In Europe it's Booking.com. Although the pandemic upended its long-term financial trends, the dip is likely to be temporary.\nAfter seeing sales fall 55% in fiscal 2020, revenue for the first six months of 2021 was $3.3 billion. That's still 51% lower than it was for the same period in 2019. Despite that, the stock has fully recovered from its pandemic sell-off and now sits about 12% higher than where it began 2020. It's fair to wonder why.\nIt seems the tide is finally starting to turn in the fight against COVID-19. There is improvement when you dig into the company's most recent quarter, too. Room nights were down 26% compared to 2019. But that was a lot better than the 54% drop in the previous quarter. On the conference call, CEO Glenn Fogel said the company expected the next quarter to be much closer to 2019 levels. In fact, he said at the beginning of August the company had more gross bookings for the remainder of the summer than it did in 2019. He did offer a caveat that the current bookings are more refundable and able to be canceled. Still, many experts believe it will be years before travel and leisure trends are back at pre-pandemic levels. If Fogel is right, that timeline could change.\nPatient investors should be rewarded. Through 2019, Booking put up 10-year revenue growth of 20% and earnings-per-share growth of 27%. It built more than 40% market share in the online travel agency segment. That produced the kind of stock performance investors dream of. Shares rose 840% in the decade, although shareholders shouldn't expect that kind of return going forward. There is room for the company to continue taking share in the fragmented, $2.4 trillion leisure travel market.\nShort-term volatility is distracting from the long-term potential\nJon Quast (Ollie's): Discount retailer Ollie's Bargain Outlet isn't exactly having a great year so far in 2021. Through the first half of 2021, net sales are down 1% year over year and earnings per share have fallen 33%. Of course, as an essential retailer, Ollie's had a record year last year because of the coronavirus-related lockdowns while some competing retailers were closed. So it's naturally challenging to repeat last year's success now that the retail landscape has somewhat normalized.\nOllie's stock trades where it did way back in 2018 and is down 34% from its all-time high as of this writing. Needless to say, it's been rough for shareholders. However, I think the market is under-appreciating its long-term potential. Here are three reasons why Ollie's can still be a great buy for those willing to keep holding for the long term.\nFirst, remember how fast Ollie's is expanding. In the second quarter, the company surpassed 400 locations. This year it expects it will open 46 to 47 new locations total, with another 50 to 55 next year. Management plans to keep opening stores at a strong pace until it reaches over 1,050 nationwide. This is a big goal.\nSecond, Ollie's isn't expanding in hopes of gaining profitability with scale, the company is solidly profitable right now. In the first half of 2021, its net profit margin is over 10%. Most brick-and-mortar retailers would love that kind of margin. As sales grow with more locations, profits should continue to go up as well. Consider that this value stock trades at just 24 times trailing earnings and it will only get cheaper as profits rise.\nFinally, Ollie's should keep rewarding shareholders with excess cash. Over the last few months, the company has repurchased roughly $50 million in stock and has plans to repurchase about $150 million more. With ongoing profits, over $444 million in cash, and less than $1 million in long-term debt, there's no reason why management won't keep returning cash to shareholders.\nOllie's stock might not necessarily be a market-crushing investment from here. But there are few companies that offer this kind of long-term upside potential with little downside risk.\nGrowth for interactive entertainment is just getting started\nKeith Noonan (Activision Blizzard): If you had to rank the companies that had the biggest impact on the evolution of interactive entertainment over the last couple decades, Activision Blizzard would undoubtedly deserve a spot at the top of the list. Between its Activision, King Digital, and Blizzard publishing wings, the company is responsible for some of the medium's biggest hits, and it's one of the few players in the industry that's capable of serving up consistent wins across console, PC, and mobile platforms.\nTake a second to dwell on the fact that annual releases in Activision Blizzard's Call of Duty franchise accounted for seven out of 10 of the last decade's best-selling games. In 2020, the company released a brand new installment in the series and also an updated, remade version of a previous franchise classic. Want to guess which gaming property nabbed the No. 1 and No. 2 spots on the North American sales charts last year? I'm begging the question here, but the answer is Call of Duty.\nEven better, Activision Blizzard has managed to bridge the franchise into new distribution methods that have dramatically expanded its overall audience. Call of Duty: Warzone is free to download on PC and console platforms, while Call of Duty: Mobile is freely available to smart phone and tablet owners. Each game generates revenue through the optional sale of in-game items and upgrades, and Activision has managed to score incredible wins in the free-to-play category without diluting the power of its mainline console and PC releases. Tracking from NetBet suggests Call of Duty: Warzone is generating roughly $5.2 million in average daily sales, and CoD: Mobile has also been an incredible hit.\nAs impressive as all of that is, the kicker is that Activision Blizzard is so much more than just Call of Duty. The company is also responsible for properties including Candy Crush Saga, World of Warcraft, and Diablo, among many others, and its impressive management and history of execution suggests it should be able to continue serving up big wins across multiple properties.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886428902,"gmtCreate":1631618684706,"gmtModify":1676530591100,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????????","listText":"????????","text":"????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886428902","repostId":"1100780889","repostType":4,"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888565081,"gmtCreate":1631508982843,"gmtModify":1676530561477,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888565081","repostId":"1177208574","repostType":4,"repost":{"id":"1177208574","pubTimestamp":1631502415,"share":"https://ttm.financial/m/news/1177208574?lang=&edition=fundamental","pubTime":"2021-09-13 11:06","market":"us","language":"en","title":"Qell Acquisition Shareholders Approve Lilium SPAC Merger","url":"https://stock-news.laohu8.com/highlight/detail?id=1177208574","media":"Thestreet","summary":"Shareholders of special purpose acquisition company Qell Acquisition (QELL) overwhelmingly voted to ","content":"<p>Shareholders of special purpose acquisition company Qell Acquisition (QELL) overwhelmingly voted to approve a SPAC merger with electric air transportation developer Lilium GmbH.</p>\n<p>More than 98% of Qell shareholders at an extraordinary general meeting on Friday voted in favor of the business combination with Lilium, which the companies proposed in March.</p>\n<p>The SPAC merger is expected to close Tuesday, subject to the satisfaction or waiver of customary closing conditions, according to a Qell statement. The combined company's Class A common stock will be listed on Nasdaq under the ticker symbol LILM and is expected to begin trading Wednesday.</p>\n<p>The transaction values the combined company at a $3.3 billion pro forma equity value based on the $10 a share PIPE price.</p>\n<p>\"We are thrilled that Qell shareholders have chosen to support our vision to accelerate the decarbonization of air travel and will join Lilium on the next phase of our journey,\" Lilium co-founder and CEO Daniel Wiegand said in a statement. \"Today's vote brings us one step closer to our planned commercial launch in 2024, delivering sustainable high-speed regional transportation with the all-electric 7-Seater Lilium Jet.\"</p>\n<p>Munich-based Lilium is developing its sustainable, high-speed 7-Seater Lilium Jet, which will feature low-noise, high-performance electric vertical take-off and landing. It expects to launch commercial operations in 2024.</p>\n<p>Founded in 2015, the company employs over 650 workers, including about 400 aerospace engineers.</p>\n<p>San Francisco-based Qell, which focuses on next generation mobility, transportation and sustainable industrial technologies, is led by its founder Barry Engle, former president of General Motors North America.</p>\n<p>Shares of Qell on Friday were down 1.9% to $9.80 in after-hours trading. The stock closed down 1.5% to $9.99 in the regular session.</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>Qell Acquisition Shareholders Approve Lilium SPAC Merger</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\">\nQell Acquisition Shareholders Approve Lilium SPAC Merger\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-13 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/qell-acquisition-shareholders-approve-lilium-spac-merger><strong>Thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shareholders of special purpose acquisition company Qell Acquisition (QELL) overwhelmingly voted to approve a SPAC merger with electric air transportation developer Lilium GmbH.\nMore than 98% of Qell ...</p>\n\n<a href=\"https://www.thestreet.com/investing/qell-acquisition-shareholders-approve-lilium-spac-merger\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LILM":"Lilium N.V."},"source_url":"https://www.thestreet.com/investing/qell-acquisition-shareholders-approve-lilium-spac-merger","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177208574","content_text":"Shareholders of special purpose acquisition company Qell Acquisition (QELL) overwhelmingly voted to approve a SPAC merger with electric air transportation developer Lilium GmbH.\nMore than 98% of Qell shareholders at an extraordinary general meeting on Friday voted in favor of the business combination with Lilium, which the companies proposed in March.\nThe SPAC merger is expected to close Tuesday, subject to the satisfaction or waiver of customary closing conditions, according to a Qell statement. The combined company's Class A common stock will be listed on Nasdaq under the ticker symbol LILM and is expected to begin trading Wednesday.\nThe transaction values the combined company at a $3.3 billion pro forma equity value based on the $10 a share PIPE price.\n\"We are thrilled that Qell shareholders have chosen to support our vision to accelerate the decarbonization of air travel and will join Lilium on the next phase of our journey,\" Lilium co-founder and CEO Daniel Wiegand said in a statement. \"Today's vote brings us one step closer to our planned commercial launch in 2024, delivering sustainable high-speed regional transportation with the all-electric 7-Seater Lilium Jet.\"\nMunich-based Lilium is developing its sustainable, high-speed 7-Seater Lilium Jet, which will feature low-noise, high-performance electric vertical take-off and landing. It expects to launch commercial operations in 2024.\nFounded in 2015, the company employs over 650 workers, including about 400 aerospace engineers.\nSan Francisco-based Qell, which focuses on next generation mobility, transportation and sustainable industrial technologies, is led by its founder Barry Engle, former president of General Motors North America.\nShares of Qell on Friday were down 1.9% to $9.80 in after-hours trading. The stock closed down 1.5% to $9.99 in the regular session.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":883064108,"gmtCreate":1631190809904,"gmtModify":1676530491721,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/883064108","repostId":"1117582991","repostType":4,"repost":{"id":"1117582991","pubTimestamp":1631190269,"share":"https://ttm.financial/m/news/1117582991?lang=&edition=fundamental","pubTime":"2021-09-09 20:24","market":"us","language":"en","title":"Funds Go Green, but Sometimes in Name Only","url":"https://stock-news.laohu8.com/highlight/detail?id=1117582991","media":"The Wall Street Journal","summary":"Companies are turning their struggling funds green to capture the flood of cash into sustainable inv","content":"<blockquote>\n <b>Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.</b>\n</blockquote>\n<p>Fund companies are rebranding their out-of-fashion investment offerings as green, hoping to grab a portion of the cash pouring into sustainable products. In some cases, the rebranding has been in name only.</p>\n<p>Last year, companies that manage mutual funds and exchange-traded funds rebranded a record 25 funds as sustainable, according to Morningstar. They say these funds have adopted investment strategies that utilize data on companies’ environmental, social and governance performance to pick stocks. Since 2013, fund companies have rebranded 64 funds, which had $35 billion in assets as of June.</p>\n<p>The American Century Fundamental Equity Fund is now theSustainable Equity Fund, the USAA World Growth Fund is theUSAA Sustainable World Fundand the Putnam Multi-Cap Growth Fund is now thePutnam Sustainable Leaders Fund. Assets for all three are up since the rebrandings.</p>\n<p>Many of these funds are actively managed and were experiencing chronic outflows prior to rebranding, said Morningstar Head of Sustainability Research Jon Hale. “You have big fund companies with an inventory of funds, a lot of which aren’t really attracting assets anymore, saying ‘OK, here’s this new investment trend happening; what do we do?’” Mr. Hale said.</p>\n<p><img src=\"https://static.tigerbbs.com/0deca5624c07ced40f8886918a46f2ff\" tg-width=\"763\" tg-height=\"517\" width=\"100%\" height=\"auto\">The shift is akin to a car company freshening up a tired model. Actively managed funds, which are run by stock pickers, have been losing investor cash for years. Similar funds with a sustainable label have been raking in money, according to Morningstar.</p>\n<p>Of the 64 rebranded funds, 35 were suffering from investor withdrawals in the three years before they went green, according to a Wall Street Journal analysis of Morningstar data. At 13 of the funds, investors began putting in cash again. At 45, new cash plus the rising stock market have boosted overall assets.</p>\n<p><img src=\"https://static.tigerbbs.com/b07f0afeb7e76ae9503bbb0f58f57345\" tg-width=\"747\" tg-height=\"525\" width=\"100%\" height=\"auto\">The $1.5 billion USAA Sustainable World Fund holds nearly $100 million in shares of 47 fossil-fuel companies, according to data from shareholder advocacy group As You Sow, the most of any repurposed fund. Last year, Victory Capital Management Inc. changed the fund’s name from USAA World Growth Fund.</p>\n<p>A disclosure was added to the fund’s prospectus noting ESG ratings are considered but fund managers may disagree with a raters’ conclusion. The Sustainable World Fund continued to hold shares of companies such as mining firmRio TintoPLC and purchased shares in oil-and-gas companies after rebranding.</p>\n<p>“We believe incorporating ESG considerations into a portfolio should be an input under a larger mosaic of considerations any manager evaluates to achieve a well-balanced, diversified portfolio,” said Mannik S. Dhillon, president of VictoryShares &amp; Solutions, an investment adviser for USAA.</p>\n<p><img src=\"https://static.tigerbbs.com/b0dbd18a17b1632df436a855a968ed74\" tg-width=\"750\" tg-height=\"536\" width=\"100%\" height=\"auto\">Investors had been pulling cash out of American Century Investment’s Fundamental Equity Fund for years before its 2016 rebranding. Three years later and under a new name, the Sustainable Equity Fund brought in a net $1.7 billion.</p>\n<p>“To us, that was an affirmation that we made the right changes,” said American Century Vice President Joe Reiland. “The performance was getting better, the investment community was more interested in investing sustainably and it made us more marketable to clients.”</p>\n<p>The fund beat the S&amp;P 500 over the past five years and boasts its portfolio companies emit 67% fewer greenhouse gases than the index, according to the fund’s sustainability report. The fund dumped shares of 12 firms during the transition includingExxon MobilCorp.while adding electric-vehicle makerTeslaInc.</p>\n<p>It keptConocoPhillips,even though it is a big greenhouse-gas emitter, because it was shifting more toward sustainability, Mr. Reiland said. “After analyzing the two, ConocoPhillips was demonstrating the ability to become an ESG leader over Exxon,” Mr. Reiland said.</p>\n<p>Other companies frequently dumped by rebranded funds were oil-and-gas producerDevon EnergyCorp., tobacco firmPhilip Morris InternationalInc.and aerospace companiesGeneral DynamicsCorp.andBoeingCo., according to a Journal analysis of constituents of 43 funds with historical data.</p>\n<p>Rebranded funds typically bought tech companies such as chip makerTexas InstrumentsInc.and software makerCadence Design SystemsInc.One reason sustainable funds have done well is because technology companies have trounced energy stocks in the past few years. Nearly 70% of 286 sustainable funds ranked in the top half of their performance category last year, according to Morningstar.</p>\n<p><img src=\"https://static.tigerbbs.com/d72cd6458ddd8969b6e5d5eaa8001530\" tg-width=\"743\" tg-height=\"524\" width=\"100%\" height=\"auto\">Assets in Putnam Investments’ Putnam Multi-Cap Growth and Multi-Cap Value funds were hovering near their lowest point since the early 2000s when the company rebranded both funds.</p>\n<p>Assets of the rechristened Putnam Sustainable Leaders Fund rose by 66% to $6.5 billion as of this June. ThePutnam Sustainable Future Fundgrew its assets by 93% to $649 million, according to the Journal’s analysis. Both funds have outperformed their benchmarks and the S&amp;P 500 in the past three years after periods of mixed performance prior to rebranding.</p>\n<p>The Sustainable Future Fund underwent the most dramatic change, shifting 75% of its portfolio to focus on sustainable firms, according to Putnam’s head of sustainable investing, Katherine Collins. “There are a wide range of approaches that folks are taking in developing sustainable funds, and for Putnam it was pretty far into the heavy-lift side of things.”</p>\n<p>Stocks in energy firms like ConocoPhillips were dropped, and renewable-resource firms were added such as solar-panel makerSunrunInc.,which was a top contributor to the fund’s 2020 performance.</p>\n<p>“We’re happy not just with the numbers but with how those numbers have been generated,” Ms. Collins said.</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>Funds Go Green, but Sometimes in Name Only</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\">\nFunds Go Green, but Sometimes in Name Only\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-09 20:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.\n\nFund companies are rebranding their out-of-fashion investment offerings as green, hoping ...</p>\n\n<a href=\"https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.wsj.com/articles/funds-go-green-but-sometimes-in-name-only-11631179801?mod=markets_lead_pos5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117582991","content_text":"Companies are turning their struggling funds green to capture the flood of cash into sustainable investments.\n\nFund companies are rebranding their out-of-fashion investment offerings as green, hoping to grab a portion of the cash pouring into sustainable products. In some cases, the rebranding has been in name only.\nLast year, companies that manage mutual funds and exchange-traded funds rebranded a record 25 funds as sustainable, according to Morningstar. They say these funds have adopted investment strategies that utilize data on companies’ environmental, social and governance performance to pick stocks. Since 2013, fund companies have rebranded 64 funds, which had $35 billion in assets as of June.\nThe American Century Fundamental Equity Fund is now theSustainable Equity Fund, the USAA World Growth Fund is theUSAA Sustainable World Fundand the Putnam Multi-Cap Growth Fund is now thePutnam Sustainable Leaders Fund. Assets for all three are up since the rebrandings.\nMany of these funds are actively managed and were experiencing chronic outflows prior to rebranding, said Morningstar Head of Sustainability Research Jon Hale. “You have big fund companies with an inventory of funds, a lot of which aren’t really attracting assets anymore, saying ‘OK, here’s this new investment trend happening; what do we do?’” Mr. Hale said.\nThe shift is akin to a car company freshening up a tired model. Actively managed funds, which are run by stock pickers, have been losing investor cash for years. Similar funds with a sustainable label have been raking in money, according to Morningstar.\nOf the 64 rebranded funds, 35 were suffering from investor withdrawals in the three years before they went green, according to a Wall Street Journal analysis of Morningstar data. At 13 of the funds, investors began putting in cash again. At 45, new cash plus the rising stock market have boosted overall assets.\nThe $1.5 billion USAA Sustainable World Fund holds nearly $100 million in shares of 47 fossil-fuel companies, according to data from shareholder advocacy group As You Sow, the most of any repurposed fund. Last year, Victory Capital Management Inc. changed the fund’s name from USAA World Growth Fund.\nA disclosure was added to the fund’s prospectus noting ESG ratings are considered but fund managers may disagree with a raters’ conclusion. The Sustainable World Fund continued to hold shares of companies such as mining firmRio TintoPLC and purchased shares in oil-and-gas companies after rebranding.\n“We believe incorporating ESG considerations into a portfolio should be an input under a larger mosaic of considerations any manager evaluates to achieve a well-balanced, diversified portfolio,” said Mannik S. Dhillon, president of VictoryShares & Solutions, an investment adviser for USAA.\nInvestors had been pulling cash out of American Century Investment’s Fundamental Equity Fund for years before its 2016 rebranding. Three years later and under a new name, the Sustainable Equity Fund brought in a net $1.7 billion.\n“To us, that was an affirmation that we made the right changes,” said American Century Vice President Joe Reiland. “The performance was getting better, the investment community was more interested in investing sustainably and it made us more marketable to clients.”\nThe fund beat the S&P 500 over the past five years and boasts its portfolio companies emit 67% fewer greenhouse gases than the index, according to the fund’s sustainability report. The fund dumped shares of 12 firms during the transition includingExxon MobilCorp.while adding electric-vehicle makerTeslaInc.\nIt keptConocoPhillips,even though it is a big greenhouse-gas emitter, because it was shifting more toward sustainability, Mr. Reiland said. “After analyzing the two, ConocoPhillips was demonstrating the ability to become an ESG leader over Exxon,” Mr. Reiland said.\nOther companies frequently dumped by rebranded funds were oil-and-gas producerDevon EnergyCorp., tobacco firmPhilip Morris InternationalInc.and aerospace companiesGeneral DynamicsCorp.andBoeingCo., according to a Journal analysis of constituents of 43 funds with historical data.\nRebranded funds typically bought tech companies such as chip makerTexas InstrumentsInc.and software makerCadence Design SystemsInc.One reason sustainable funds have done well is because technology companies have trounced energy stocks in the past few years. Nearly 70% of 286 sustainable funds ranked in the top half of their performance category last year, according to Morningstar.\nAssets in Putnam Investments’ Putnam Multi-Cap Growth and Multi-Cap Value funds were hovering near their lowest point since the early 2000s when the company rebranded both funds.\nAssets of the rechristened Putnam Sustainable Leaders Fund rose by 66% to $6.5 billion as of this June. ThePutnam Sustainable Future Fundgrew its assets by 93% to $649 million, according to the Journal’s analysis. Both funds have outperformed their benchmarks and the S&P 500 in the past three years after periods of mixed performance prior to rebranding.\nThe Sustainable Future Fund underwent the most dramatic change, shifting 75% of its portfolio to focus on sustainable firms, according to Putnam’s head of sustainable investing, Katherine Collins. “There are a wide range of approaches that folks are taking in developing sustainable funds, and for Putnam it was pretty far into the heavy-lift side of things.”\nStocks in energy firms like ConocoPhillips were dropped, and renewable-resource firms were added such as solar-panel makerSunrunInc.,which was a top contributor to the fund’s 2020 performance.\n“We’re happy not just with the numbers but with how those numbers have been generated,” Ms. Collins said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":235,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889023432,"gmtCreate":1631093581726,"gmtModify":1676530465752,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889023432","repostId":"1175171654","repostType":4,"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":127466427,"gmtCreate":1624864443569,"gmtModify":1703846499286,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Spce?????","listText":"Spce?????","text":"Spce?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":12,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/127466427","repostId":"1123098396","repostType":4,"repost":{"id":"1123098396","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1624864383,"share":"https://ttm.financial/m/news/1123098396?lang=&edition=fundamental","pubTime":"2021-06-28 15:13","market":"us","language":"en","title":"3 Stocks That Are On The Retail-Investor Radar Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1123098396","media":"Benzinga","summary":"The following three stocks are seeing high interest from retail investors on social media early Mond","content":"<p>The following three stocks are seeing high interest from retail investors on social media early Monday.</p>\n<p><b>GameStop Corp</b>(NYSE:GME):The video game retailer was the original short squeeze target of WallStreetBets in January&nbsp;and is seeing renewed interest. This year, the&nbsp;board of GameStop saw a rehaul&nbsp;after&nbsp;<b>Chewy Inc</b>(NYSE:CHWY) Ryan Cohen, who owns a 13% stake in the company,pushed for changes.</p>\n<p>At press time, GameStop topped the charts of the&nbsp;most discussed stonks&nbsp;on WSB with 170 mentions, ahead of&nbsp;<b>Clover Health Investments Corp</b>(NASDAQ:CLOV) and&nbsp;<b>AMC Entertainment Holdings Inc</b>(NYSE:AMC), respectively.</p>\n<p>GameStop shares closed 1.32% lower in Friday’s regular trading at $209.51. Its&nbsp;shares have soared 1,012% since the year began.</p>\n<p>Over the weekend, a trending post on WSB speculated that another GameStop run was on the horizon. The poster u/kamthegreatest wrote, “I think we're going to see another massive GME run again very soon.”</p>\n<p>The&nbsp;post&nbsp;was centered on “technical analysis” of the GameStop chart, which according to u/kamthegreatest is making an “apparent falling wedge.”</p>\n<p><b>Virgin Galactic Holdings Inc</b>(NYSE:SPCE):The Richard Branson-founded company is in the business of developing spacecraft that will take tourists into space. The company’s suborbital spacecraft is launched from a carrier airplane.</p>\n<p>Canaccord Genuity analyst Ken Herbert said Friday that the firm believes Virgin Galactic could push for&nbsp;Branson to be on the next crewed flight&nbsp;in early July.</p>\n<p>Virgin received a mega boost on the same day after it&nbsp;received the nod&nbsp;from the U.S. Federal Aviation Administration to fly passengers to space.</p>\n<p>Virgin Galactic shares soared 38.87% to $55.91&nbsp;on Friday in the regular session. The company’s shares have returned 135.6% on a year-to-date basis.</p>\n<p><b>Paysafe Ltd</b>(NYSE:PSFE)<b>:</b>The&nbsp;company offers payments services under the “Paysafe” and brands such as Skrill. Paysafe offers products like digital wallets, online payments, direct debit, point of sale and others. In the&nbsp;first quarter, it reported a 5% revenue increase year-over-year at $377.4 million. This missed an analyst consensus of $366.4 million. Net loss amounted to $49.1 million with EPS of negative $0.07 missing analyst estimates of minus $0.02.</p>\n<p>Paysafe is on the radar of the WSB crowd — with&nbsp;$12 as a&nbsp;key level to watch&nbsp;out for,&nbsp;according to Benzinga’s Tyler Bundy.</p>\n<p>On Friday, Paysafe shares closed 9.9% higher at $12.21 in the regular session and gained another 1.56% to $12.40 in the after-hours trading. On a YTD basis, Paysafe stock has declined 19.1%.</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>3 Stocks That Are On The Retail-Investor Radar Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks That Are On The Retail-Investor Radar Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-28 15:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>The following three stocks are seeing high interest from retail investors on social media early Monday.</p>\n<p><b>GameStop Corp</b>(NYSE:GME):The video game retailer was the original short squeeze target of WallStreetBets in January&nbsp;and is seeing renewed interest. This year, the&nbsp;board of GameStop saw a rehaul&nbsp;after&nbsp;<b>Chewy Inc</b>(NYSE:CHWY) Ryan Cohen, who owns a 13% stake in the company,pushed for changes.</p>\n<p>At press time, GameStop topped the charts of the&nbsp;most discussed stonks&nbsp;on WSB with 170 mentions, ahead of&nbsp;<b>Clover Health Investments Corp</b>(NASDAQ:CLOV) and&nbsp;<b>AMC Entertainment Holdings Inc</b>(NYSE:AMC), respectively.</p>\n<p>GameStop shares closed 1.32% lower in Friday’s regular trading at $209.51. Its&nbsp;shares have soared 1,012% since the year began.</p>\n<p>Over the weekend, a trending post on WSB speculated that another GameStop run was on the horizon. The poster u/kamthegreatest wrote, “I think we're going to see another massive GME run again very soon.”</p>\n<p>The&nbsp;post&nbsp;was centered on “technical analysis” of the GameStop chart, which according to u/kamthegreatest is making an “apparent falling wedge.”</p>\n<p><b>Virgin Galactic Holdings Inc</b>(NYSE:SPCE):The Richard Branson-founded company is in the business of developing spacecraft that will take tourists into space. The company’s suborbital spacecraft is launched from a carrier airplane.</p>\n<p>Canaccord Genuity analyst Ken Herbert said Friday that the firm believes Virgin Galactic could push for&nbsp;Branson to be on the next crewed flight&nbsp;in early July.</p>\n<p>Virgin received a mega boost on the same day after it&nbsp;received the nod&nbsp;from the U.S. Federal Aviation Administration to fly passengers to space.</p>\n<p>Virgin Galactic shares soared 38.87% to $55.91&nbsp;on Friday in the regular session. The company’s shares have returned 135.6% on a year-to-date basis.</p>\n<p><b>Paysafe Ltd</b>(NYSE:PSFE)<b>:</b>The&nbsp;company offers payments services under the “Paysafe” and brands such as Skrill. Paysafe offers products like digital wallets, online payments, direct debit, point of sale and others. In the&nbsp;first quarter, it reported a 5% revenue increase year-over-year at $377.4 million. This missed an analyst consensus of $366.4 million. Net loss amounted to $49.1 million with EPS of negative $0.07 missing analyst estimates of minus $0.02.</p>\n<p>Paysafe is on the radar of the WSB crowd — with&nbsp;$12 as a&nbsp;key level to watch&nbsp;out for,&nbsp;according to Benzinga’s Tyler Bundy.</p>\n<p>On Friday, Paysafe shares closed 9.9% higher at $12.21 in the regular session and gained another 1.56% to $12.40 in the after-hours trading. On a YTD basis, Paysafe stock has declined 19.1%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PSFE":"Paysafe Ltd","AMC":"AMC院线","GME":"游戏驿站","CHWY":"Chewy, Inc.","SPCE":"维珍银河","CLOV":"Clover Health Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123098396","content_text":"The following three stocks are seeing high interest from retail investors on social media early Monday.\nGameStop Corp(NYSE:GME):The video game retailer was the original short squeeze target of WallStreetBets in January and is seeing renewed interest. This year, the board of GameStop saw a rehaul after Chewy Inc(NYSE:CHWY) Ryan Cohen, who owns a 13% stake in the company,pushed for changes.\nAt press time, GameStop topped the charts of the most discussed stonks on WSB with 170 mentions, ahead of Clover Health Investments Corp(NASDAQ:CLOV) and AMC Entertainment Holdings Inc(NYSE:AMC), respectively.\nGameStop shares closed 1.32% lower in Friday’s regular trading at $209.51. Its shares have soared 1,012% since the year began.\nOver the weekend, a trending post on WSB speculated that another GameStop run was on the horizon. The poster u/kamthegreatest wrote, “I think we're going to see another massive GME run again very soon.”\nThe post was centered on “technical analysis” of the GameStop chart, which according to u/kamthegreatest is making an “apparent falling wedge.”\nVirgin Galactic Holdings Inc(NYSE:SPCE):The Richard Branson-founded company is in the business of developing spacecraft that will take tourists into space. The company’s suborbital spacecraft is launched from a carrier airplane.\nCanaccord Genuity analyst Ken Herbert said Friday that the firm believes Virgin Galactic could push for Branson to be on the next crewed flight in early July.\nVirgin received a mega boost on the same day after it received the nod from the U.S. Federal Aviation Administration to fly passengers to space.\nVirgin Galactic shares soared 38.87% to $55.91 on Friday in the regular session. The company’s shares have returned 135.6% on a year-to-date basis.\nPaysafe Ltd(NYSE:PSFE):The company offers payments services under the “Paysafe” and brands such as Skrill. Paysafe offers products like digital wallets, online payments, direct debit, point of sale and others. In the first quarter, it reported a 5% revenue increase year-over-year at $377.4 million. This missed an analyst consensus of $366.4 million. Net loss amounted to $49.1 million with EPS of negative $0.07 missing analyst estimates of minus $0.02.\nPaysafe is on the radar of the WSB crowd — with $12 as a key level to watch out for, according to Benzinga’s Tyler Bundy.\nOn Friday, Paysafe shares closed 9.9% higher at $12.21 in the regular session and gained another 1.56% to $12.40 in the after-hours trading. On a YTD basis, Paysafe stock has declined 19.1%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":884868443,"gmtCreate":1631879808082,"gmtModify":1676530659802,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/884868443","repostId":"1102595384","repostType":4,"repost":{"id":"1102595384","pubTimestamp":1631879657,"share":"https://ttm.financial/m/news/1102595384?lang=&edition=fundamental","pubTime":"2021-09-17 19:54","market":"us","language":"en","title":"Sea Limited: It's All About Expectations And Discount Rate","url":"https://stock-news.laohu8.com/highlight/detail?id=1102595384","media":"Seeking Alpha","summary":"Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Since our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.</li>\n <li>Our approach now is similar but instead of stretching consensus, we rely on it and check what is the implied discount rate which delivers the current share price.</li>\n <li>We have tried to assess the most appropriate discount rate and we believe there is enough evidence of a current mismatch between current valuation and the appropriate discount rate.</li>\n <li>The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace which might lead to new taxes in SE markets.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/573f2b1b0d40da30f023491c4ab630f4\" tg-width=\"1536\" tg-height=\"1024\" width=\"100%\" height=\"auto\"><span>Astragal/iStock via Getty Images</span></p>\n<p><b>Investment thesis</b></p>\n<p>When we first looked at Sea Limited (SE)&nbsp;in April 2021, the stock was trading at USD 274 per share, and we considered the stock almost fairly valued in the best of all possible scenarios. Since then, the stock has raised a further 20% and is trading at more than USD 330 per share. We are now reviewing our valuation approach, which in April was based on stressing consensus to check to which extent it should have been stretched to match the market cap at that time. Our approach now is similar, but instead of stretching consensus, we rely on it and check the implied discount rate that delivers the current share price. Instead of working on estimates, we are working on the discount rate.</p>\n<p>We have tried to assess the most appropriate discount rate, and we believe there is enough evidence of a current mismatch between the current valuation and the appropriate discount rate. In our view, the discount rate which justifies the current share price is far lower than the most appropriate one. The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace, which might lead to new taxes in SE markets.</p>\n<p><b>Revenue guidance for 2021 was raised after Q2.</b></p>\n<p>In Q1, management guided Garena’s revenues between USD 4.3 bln and USD 4.5 bln (38% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to USD 4.5 bln and USD 4.7 bln (44% YoY growth assuming guidance midpoint).</p>\n<p>Shopee revenues in Q1 were guided between $4.5 bln and $4.7 bln (112% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to $4.7 bln and $4.9 bln (121% YoY growth assuming guidance midpoint).</p>\n<p>It is worth noting in the table below that, while consensus has fairly factored higher FY21 revenues guidance on both Garena and Shopee, EBITDA compared to April 2021 has been downward revised at a consolidated level not only in 2021. EBITDA has been cut from 2021 to 2026.</p>\n<p>In other words, revenue growth leads to lower operating margins over the next five years, but the equity value is growing. EBITDA from 2026 onward is higher than previously expected (USD 866 mln in 2030), and thus Terminal Value is driving equity value higher.</p>\n<p>Basically, the consensus is shifting towards terminal value, which carries higher risk, but market valuation is increasing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c1e95c9ddadd6d8ff7bd0ebb8b595bdf\" tg-width=\"640\" tg-height=\"105\" width=\"100%\" height=\"auto\"><span>Source: Bloomberg data as of September 13, 2021</span></p>\n<p><b>Valuation approach (Sea – USD 330 per share as of September 13, 2021)Trying to assess the discount rate</b></p>\n<p>The key issue behind SE valuation is trying to assess an appropriate discount rate. Since the company's net financial position is cash positive (total financial debt – cash and cash equivalent), the WACC is equal to the Cost of Equity.</p>\n<p>Relying on CAPM (Capital Asset Pricing Model) to estimate the cost of equity raises some concerns. According to CAPM, Ke = Risk-free + Beta x Market Risk Premium.</p>\n<p>Here the main concerns are:</p>\n<p><b>1. What is the beta for SE?</b></p>\n<p>We have tried to assess SE beta and checked SE correlation to the market (table 2, 3, 4, and 5). The highest correlation is toward S&amp;P500, but linear Beta, Beta +/-, and non-parametric all show an R^2 around 0.4, which indicates that SE is decorrelated from the S&amp;P 500 Index (a similar story for other indexes). Beta is thus not useful to the extent of our analysis.</p>\n<p>Source: Moat Investing elaboration on Bloomberg data</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c592c8312acabe90c741a507a038bf8b\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/704203388ec2befc8cd12672b1cee669\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8144b2df488ed4dad74084b63cece566\" tg-width=\"605\" tg-height=\"236\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p><b>2. What is the Market Risk Premium?</b></p>\n<p>This is the most controversial element in the CAPM. The risk premium should reflect the “premium” required by equity holders on top of the risk-free.</p>\n<p>We must keep present that SE's key market is South Asia. Thus, in our view, we should add a country risk adjustment to consider it. If we were using US Market Risk Premium, we would underestimate the risk related to the geographical areas where SE operates.</p>\n<p>We have thus adjusted the Market Risk Premium factoring in Country Risk Premium calculated by considering the spread between Indonesian and US treasuries at 10y.</p>\n<p>Adjusting for country premium, the appropriate cost of equity for SE would be 15.3% (see chart 6). Assuming an appropriate Beta would be even higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/33df371ce03f740a6a6b0ffcaa5b8680\" tg-width=\"640\" tg-height=\"129\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing elaboration on Bloomberg data</span></p>\n<p><b>3. What is the appropriate terminal growth rate?</b></p>\n<p>We estimate the terminal growth by calculating the reinvestment rate (% of FCFF reinvested as CAPEX) and the sustainable ROI. We believe our 3.5% terminal growth is rather sustainable as the company is reinvesting over 20% of its free cash flows and has a sustainable ROI of around 20%.</p>\n<p><b>DCF valuation and sensitivity analysis</b></p>\n<p>We have run a DCF totally based on consensus estimates from 2021 to 2030. The idea behind this analysis is to check the discount rate (Ke = WACC), which delivers an equity value in line with the current market cap.</p>\n<p>Factoring a 3.5% terminal growth rate and the fully diluted number of shares, the discount rate, which delivers around USD 180 bn market cap, is 7.7%!</p>\n<p><b>DCF</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eca0d9f0aea2257f2693e119fff4d735\" tg-width=\"640\" tg-height=\"321\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing</span></p>\n<p>We have thus run a sensitivity analysis by simply changing the discount rate as we believe that the cost of equity for SE should be adjusted for a country's risk premium.</p>\n<p>What happens if we increase the discount rate to around 15%? SE equity would be worth around USD 40 bn, some 70% less than the current value.</p>\n<p><b>Sensitivity</b></p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4e6789c9d7c55fcf1c2cceb6a8a66446\" tg-width=\"640\" tg-height=\"253\" width=\"100%\" height=\"auto\"><span>Source: Moat Investing</span></p>\n<p>The fallacy of valuation through multiples and peer analysis</p>\n<p>We have seen some sell-side equity researches where the target price is calculated as a sum of the parts of the three businesses (Garena, Shopee, and Sea Money) where:</p>\n<ol>\n <li>Garena is valued using a P/E of 20x its foreseeable earnings in 2023.</li>\n <li>Shopee is valued using a DCF with a discount rate of around 8% and a terminal growth rate above 3.5%.</li>\n <li>Sea Money is valued using a totally invented multiple on its future GTV of 0.20x, where the correlation between GTV and equity value is questionable.</li>\n</ol>\n<p>Some analysts compare Garena to<i>Tencent</i>(OTCPK:TCEHY)(OTCPK:TCTZF), Sea Money to<i>Visa</i>(NYSE:V)<i>, Mastercard</i>(NYSE:MA)<i>and Adyen</i>, Shopee to<i>Amazon</i>(NASDAQ:AMZN)<i>, and Alibaba</i>(NYSE:BABA)(OTCPK:BABAF).</p>\n<p>We believe this valuation approach does not work and, in most cases, leads to misleading results. Garena is a rather new player, and comparing it to an over USD 500 bn market cap company with stable business sounds like nonsense. The same story for Sea Money compared to players who have a completely different business model.</p>\n<p>What could drive value creation for SEUpward revision of current estimates led by new acquisitions</p>\n<p>SE has recently announced it intends to raise USD 6.8 bn funds through an equity offering (some USD 3.9 bn) and convertible note issuance (some USD 2.9 bn). After the fundraising, SE would rely upon around USD 12.8 bn to support further Shopee expansion in Europe and India.</p>\n<p>Leverage of the balance sheet</p>\n<p>SE might decide to leverage the balance sheet by injecting debt which would lower the overall cost of capital. We believe this would be a viable strategy, although it might not come before 3 to 5 years when the company's cash flows would be robust enough to support massive leverage.</p>\n<p><b>Main risks</b></p>\n<p>We believe the main risks for the SE equity case are:</p>\n<ol>\n <li>The expectations around Garena and its embedded valuation. Garena is valued at around USD 60bn. Its value would drop significantly if it is unable to launch new successful games like Free Fire, and/or its margins would be lower as a result of a shift from in-house game development to third parties licensed games.</li>\n <li>The regulatory risks on its marketplace, which might lead to new taxes in SE markets.</li>\n</ol>\n<p><b>Conclusion</b></p>\n<p>At this stage, investors have these viable options:</p>\n<ol>\n <li>Believe that market estimates will be upward revised in the future as SE would continue to deliver significant growth.</li>\n <li>Believe that in the future as SE would command a more balanced D/E structure.</li>\n <li>Investing in SE assuming 7.7% potential return if 1) and/or 2) (or a mix of) would not happen.</li>\n</ol>\n<p>We think there is enough evidence to believe that the SE market cap has gone too far despite its solid business model. Factoring into current estimates, the appropriate hurdle rate might lead to far lower valuation evidence.</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>Sea Limited: It's All About Expectations And Discount Rate</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSea Limited: It's All About Expectations And Discount Rate\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 19:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.\nOur approach now is similar but ...</p>\n\n<a href=\"https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SE":"Sea Ltd"},"source_url":"https://seekingalpha.com/article/4455687-sea-limited-its-all-about-expectations-and-discount-rate","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102595384","content_text":"Summary\n\nSince our first valuation of the stock, the price has gone up more than 20%. At that time, we considered the company to be fairly valued in the best scenario.\nOur approach now is similar but instead of stretching consensus, we rely on it and check what is the implied discount rate which delivers the current share price.\nWe have tried to assess the most appropriate discount rate and we believe there is enough evidence of a current mismatch between current valuation and the appropriate discount rate.\nThe main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace which might lead to new taxes in SE markets.\n\nAstragal/iStock via Getty Images\nInvestment thesis\nWhen we first looked at Sea Limited (SE) in April 2021, the stock was trading at USD 274 per share, and we considered the stock almost fairly valued in the best of all possible scenarios. Since then, the stock has raised a further 20% and is trading at more than USD 330 per share. We are now reviewing our valuation approach, which in April was based on stressing consensus to check to which extent it should have been stretched to match the market cap at that time. Our approach now is similar, but instead of stretching consensus, we rely on it and check the implied discount rate that delivers the current share price. Instead of working on estimates, we are working on the discount rate.\nWe have tried to assess the most appropriate discount rate, and we believe there is enough evidence of a current mismatch between the current valuation and the appropriate discount rate. In our view, the discount rate which justifies the current share price is far lower than the most appropriate one. The main risks we see are the expectations around Garena and its embedded valuation and the regulatory risks on its marketplace, which might lead to new taxes in SE markets.\nRevenue guidance for 2021 was raised after Q2.\nIn Q1, management guided Garena’s revenues between USD 4.3 bln and USD 4.5 bln (38% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to USD 4.5 bln and USD 4.7 bln (44% YoY growth assuming guidance midpoint).\nShopee revenues in Q1 were guided between $4.5 bln and $4.7 bln (112% YoY growth assuming guidance midpoint). After Q2, the guidance has been lifted to $4.7 bln and $4.9 bln (121% YoY growth assuming guidance midpoint).\nIt is worth noting in the table below that, while consensus has fairly factored higher FY21 revenues guidance on both Garena and Shopee, EBITDA compared to April 2021 has been downward revised at a consolidated level not only in 2021. EBITDA has been cut from 2021 to 2026.\nIn other words, revenue growth leads to lower operating margins over the next five years, but the equity value is growing. EBITDA from 2026 onward is higher than previously expected (USD 866 mln in 2030), and thus Terminal Value is driving equity value higher.\nBasically, the consensus is shifting towards terminal value, which carries higher risk, but market valuation is increasing.\nSource: Bloomberg data as of September 13, 2021\nValuation approach (Sea – USD 330 per share as of September 13, 2021)Trying to assess the discount rate\nThe key issue behind SE valuation is trying to assess an appropriate discount rate. Since the company's net financial position is cash positive (total financial debt – cash and cash equivalent), the WACC is equal to the Cost of Equity.\nRelying on CAPM (Capital Asset Pricing Model) to estimate the cost of equity raises some concerns. According to CAPM, Ke = Risk-free + Beta x Market Risk Premium.\nHere the main concerns are:\n1. What is the beta for SE?\nWe have tried to assess SE beta and checked SE correlation to the market (table 2, 3, 4, and 5). The highest correlation is toward S&P500, but linear Beta, Beta +/-, and non-parametric all show an R^2 around 0.4, which indicates that SE is decorrelated from the S&P 500 Index (a similar story for other indexes). Beta is thus not useful to the extent of our analysis.\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\nSource: Moat Investing elaboration on Bloomberg data\n2. What is the Market Risk Premium?\nThis is the most controversial element in the CAPM. The risk premium should reflect the “premium” required by equity holders on top of the risk-free.\nWe must keep present that SE's key market is South Asia. Thus, in our view, we should add a country risk adjustment to consider it. If we were using US Market Risk Premium, we would underestimate the risk related to the geographical areas where SE operates.\nWe have thus adjusted the Market Risk Premium factoring in Country Risk Premium calculated by considering the spread between Indonesian and US treasuries at 10y.\nAdjusting for country premium, the appropriate cost of equity for SE would be 15.3% (see chart 6). Assuming an appropriate Beta would be even higher.\nSource: Moat Investing elaboration on Bloomberg data\n3. What is the appropriate terminal growth rate?\nWe estimate the terminal growth by calculating the reinvestment rate (% of FCFF reinvested as CAPEX) and the sustainable ROI. We believe our 3.5% terminal growth is rather sustainable as the company is reinvesting over 20% of its free cash flows and has a sustainable ROI of around 20%.\nDCF valuation and sensitivity analysis\nWe have run a DCF totally based on consensus estimates from 2021 to 2030. The idea behind this analysis is to check the discount rate (Ke = WACC), which delivers an equity value in line with the current market cap.\nFactoring a 3.5% terminal growth rate and the fully diluted number of shares, the discount rate, which delivers around USD 180 bn market cap, is 7.7%!\nDCF\nSource: Moat Investing\nWe have thus run a sensitivity analysis by simply changing the discount rate as we believe that the cost of equity for SE should be adjusted for a country's risk premium.\nWhat happens if we increase the discount rate to around 15%? SE equity would be worth around USD 40 bn, some 70% less than the current value.\nSensitivity\nSource: Moat Investing\nThe fallacy of valuation through multiples and peer analysis\nWe have seen some sell-side equity researches where the target price is calculated as a sum of the parts of the three businesses (Garena, Shopee, and Sea Money) where:\n\nGarena is valued using a P/E of 20x its foreseeable earnings in 2023.\nShopee is valued using a DCF with a discount rate of around 8% and a terminal growth rate above 3.5%.\nSea Money is valued using a totally invented multiple on its future GTV of 0.20x, where the correlation between GTV and equity value is questionable.\n\nSome analysts compare Garena toTencent(OTCPK:TCEHY)(OTCPK:TCTZF), Sea Money toVisa(NYSE:V), Mastercard(NYSE:MA)and Adyen, Shopee toAmazon(NASDAQ:AMZN), and Alibaba(NYSE:BABA)(OTCPK:BABAF).\nWe believe this valuation approach does not work and, in most cases, leads to misleading results. Garena is a rather new player, and comparing it to an over USD 500 bn market cap company with stable business sounds like nonsense. The same story for Sea Money compared to players who have a completely different business model.\nWhat could drive value creation for SEUpward revision of current estimates led by new acquisitions\nSE has recently announced it intends to raise USD 6.8 bn funds through an equity offering (some USD 3.9 bn) and convertible note issuance (some USD 2.9 bn). After the fundraising, SE would rely upon around USD 12.8 bn to support further Shopee expansion in Europe and India.\nLeverage of the balance sheet\nSE might decide to leverage the balance sheet by injecting debt which would lower the overall cost of capital. We believe this would be a viable strategy, although it might not come before 3 to 5 years when the company's cash flows would be robust enough to support massive leverage.\nMain risks\nWe believe the main risks for the SE equity case are:\n\nThe expectations around Garena and its embedded valuation. Garena is valued at around USD 60bn. Its value would drop significantly if it is unable to launch new successful games like Free Fire, and/or its margins would be lower as a result of a shift from in-house game development to third parties licensed games.\nThe regulatory risks on its marketplace, which might lead to new taxes in SE markets.\n\nConclusion\nAt this stage, investors have these viable options:\n\nBelieve that market estimates will be upward revised in the future as SE would continue to deliver significant growth.\nBelieve that in the future as SE would command a more balanced D/E structure.\nInvesting in SE assuming 7.7% potential return if 1) and/or 2) (or a mix of) would not happen.\n\nWe think there is enough evidence to believe that the SE market cap has gone too far despite its solid business model. Factoring into current estimates, the appropriate hurdle rate might lead to far lower valuation evidence.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128326844,"gmtCreate":1624502685288,"gmtModify":1703838576699,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Tesla????","listText":"Tesla????","text":"Tesla????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128326844","repostId":"2145156570","repostType":4,"repost":{"id":"2145156570","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":1624489510,"share":"https://ttm.financial/m/news/2145156570?lang=&edition=fundamental","pubTime":"2021-06-24 07:05","market":"us","language":"en","title":"Tesla lifts Nasdaq to record-high close, S&P 500 dips","url":"https://stock-news.laohu8.com/highlight/detail?id=2145156570","media":"Reuters","summary":"June 23  - The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc , while the S&P 500 dipped, even as investors cheered data that showed a record peak for U.S. factory activity in June.Gains in Nvidia Corp and $Facebook$ Inc extended a recent rebound in top-shelf growth stocks that fell out of favor in recent months as investors focused on companies expected to do well as the economy recovers from the pandemic.Data firm IHS $Markit$ said its flash U.S. manufacturi","content":"<p>June 23 (Reuters) - The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc , while the S&amp;P 500 dipped, even as investors cheered data that showed a record peak for U.S. factory activity in June.</p>\n<p>Gains in Nvidia Corp and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc extended a recent rebound in top-shelf growth stocks that fell out of favor in recent months as investors focused on companies expected to do well as the economy recovers from the pandemic.</p>\n<p>Data firm IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> said its flash U.S. manufacturing Purchasing Managers' Index rose to a reading of 62.6 this month, beating estimates of 61.5, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices.</p>\n<p>The \"high level of today's surveys will provide some confirmation for the Fed that the time to begin taking its foot off the accelerator is not far away,\" said Jai Malhi, global market strategist at J.P. Morgan Asset Management.</p>\n<p>On Tuesday, Fed Chair Jerome Powell reaffirmed the central bank's intent not to raise interest rates too quickly, based only on the fear of coming inflation.</p>\n<p>Powell's comments follow the Fed's projection a week ago of an increase in interest rates as soon as 2023, sooner than anticipated. Since then, growth stocks, including major tech names like Tesla and Nvidia, have mostly rallied and outperformed value stocks, like banks and materials companies.</p>\n<p>\"People are plowing money into what has worked. People are basically momentum-chasing and they're using the last three years of performance to figure out what to chase,\" said Mike Zigmont, head of trading and research at Harvest Volatility Management in New York.</p>\n<p>Eight of the 11 major S&amp;P sector indexes fell, with utilities down about 1% and leading the way lower, followed by a 0.6% dip in materials .</p>\n<p>Tesla jumped 5.3% after the electric vehicle maker said it had opened a solar-powered charging station with on-site power storage in the Tibetan capital Lhasa, its first such facility in China. That trimmed the stock's loss in 2021 to about 7%.</p>\n<p>Extending investors' recent preference for growth stocks, the S&amp;P 500 growth index edged up 0.01%, while the value index dipped 0.24%.</p>\n<p>The Dow Jones Industrial Average fell 0.21% to end at 33,874.24 points, while the S&amp;P 500 lost 0.11% to 4,241.84.</p>\n<p>The Nasdaq Composite climbed 0.13% to 14,271.73.</p>\n<p>The S&amp;P 500 has gained about 13% in 2021, while the Nasdaq and Dow are up about 11%.</p>\n<p>Nikola Corp rallied 4.3% after the electric and hydrogen vehicle maker said it is investing $50 million in Wabash Valley Resources LLC to produce clean hydrogen in the U.S. Midwest for its zero-emission trucks.</p>\n<p>Among so-called meme stocks, software firm Alfi Inc tumbled 26% after more than doubling in value in the prior session, while <a href=\"https://laohu8.com/S/TRCH\">Torchlight Energy Resources Inc</a> slumped 30%, tumbling for a second day after announcing an upsized stock offering.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 33 new 52-week highs and no new lows; the Nasdaq Composite recorded 91 new highs and 28 new lows.</p>\n<p>Volume on U.S. exchanges was 9.3 billion shares, compared with the 11.1 billion average over the last 20 trading days.</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>Tesla lifts Nasdaq to record-high close, S&P 500 dips</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla lifts Nasdaq to record-high close, S&P 500 dips\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-24 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 23 (Reuters) - The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc , while the S&amp;P 500 dipped, even as investors cheered data that showed a record peak for U.S. factory activity in June.</p>\n<p>Gains in Nvidia Corp and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc extended a recent rebound in top-shelf growth stocks that fell out of favor in recent months as investors focused on companies expected to do well as the economy recovers from the pandemic.</p>\n<p>Data firm IHS <a href=\"https://laohu8.com/S/MRKT\">Markit</a> said its flash U.S. manufacturing Purchasing Managers' Index rose to a reading of 62.6 this month, beating estimates of 61.5, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices.</p>\n<p>The \"high level of today's surveys will provide some confirmation for the Fed that the time to begin taking its foot off the accelerator is not far away,\" said Jai Malhi, global market strategist at J.P. Morgan Asset Management.</p>\n<p>On Tuesday, Fed Chair Jerome Powell reaffirmed the central bank's intent not to raise interest rates too quickly, based only on the fear of coming inflation.</p>\n<p>Powell's comments follow the Fed's projection a week ago of an increase in interest rates as soon as 2023, sooner than anticipated. Since then, growth stocks, including major tech names like Tesla and Nvidia, have mostly rallied and outperformed value stocks, like banks and materials companies.</p>\n<p>\"People are plowing money into what has worked. People are basically momentum-chasing and they're using the last three years of performance to figure out what to chase,\" said Mike Zigmont, head of trading and research at Harvest Volatility Management in New York.</p>\n<p>Eight of the 11 major S&amp;P sector indexes fell, with utilities down about 1% and leading the way lower, followed by a 0.6% dip in materials .</p>\n<p>Tesla jumped 5.3% after the electric vehicle maker said it had opened a solar-powered charging station with on-site power storage in the Tibetan capital Lhasa, its first such facility in China. That trimmed the stock's loss in 2021 to about 7%.</p>\n<p>Extending investors' recent preference for growth stocks, the S&amp;P 500 growth index edged up 0.01%, while the value index dipped 0.24%.</p>\n<p>The Dow Jones Industrial Average fell 0.21% to end at 33,874.24 points, while the S&amp;P 500 lost 0.11% to 4,241.84.</p>\n<p>The Nasdaq Composite climbed 0.13% to 14,271.73.</p>\n<p>The S&amp;P 500 has gained about 13% in 2021, while the Nasdaq and Dow are up about 11%.</p>\n<p>Nikola Corp rallied 4.3% after the electric and hydrogen vehicle maker said it is investing $50 million in Wabash Valley Resources LLC to produce clean hydrogen in the U.S. Midwest for its zero-emission trucks.</p>\n<p>Among so-called meme stocks, software firm Alfi Inc tumbled 26% after more than doubling in value in the prior session, while <a href=\"https://laohu8.com/S/TRCH\">Torchlight Energy Resources Inc</a> slumped 30%, tumbling for a second day after announcing an upsized stock offering.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 33 new 52-week highs and no new lows; the Nasdaq Composite recorded 91 new highs and 28 new lows.</p>\n<p>Volume on U.S. exchanges was 9.3 billion shares, compared with the 11.1 billion average over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NDAQ":"纳斯达克OMX交易所","TSLA":"特斯拉","UPRO":"三倍做多标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","NVDA":"英伟达","INFO":"Harbor PanAgora Dynamic Large Cap Core ETF","IVV":"标普500指数ETF",".SPX":"S&P 500 Index","NKLA":"Nikola Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145156570","content_text":"June 23 (Reuters) - The Nasdaq climbed to a record-high close on Wednesday, fueled by a rally in Tesla Inc , while the S&P 500 dipped, even as investors cheered data that showed a record peak for U.S. factory activity in June.\nGains in Nvidia Corp and Facebook Inc extended a recent rebound in top-shelf growth stocks that fell out of favor in recent months as investors focused on companies expected to do well as the economy recovers from the pandemic.\nData firm IHS Markit said its flash U.S. manufacturing Purchasing Managers' Index rose to a reading of 62.6 this month, beating estimates of 61.5, but manufacturers are still struggling to secure raw materials and qualified workers, substantially raising prices.\nThe \"high level of today's surveys will provide some confirmation for the Fed that the time to begin taking its foot off the accelerator is not far away,\" said Jai Malhi, global market strategist at J.P. Morgan Asset Management.\nOn Tuesday, Fed Chair Jerome Powell reaffirmed the central bank's intent not to raise interest rates too quickly, based only on the fear of coming inflation.\nPowell's comments follow the Fed's projection a week ago of an increase in interest rates as soon as 2023, sooner than anticipated. Since then, growth stocks, including major tech names like Tesla and Nvidia, have mostly rallied and outperformed value stocks, like banks and materials companies.\n\"People are plowing money into what has worked. People are basically momentum-chasing and they're using the last three years of performance to figure out what to chase,\" said Mike Zigmont, head of trading and research at Harvest Volatility Management in New York.\nEight of the 11 major S&P sector indexes fell, with utilities down about 1% and leading the way lower, followed by a 0.6% dip in materials .\nTesla jumped 5.3% after the electric vehicle maker said it had opened a solar-powered charging station with on-site power storage in the Tibetan capital Lhasa, its first such facility in China. That trimmed the stock's loss in 2021 to about 7%.\nExtending investors' recent preference for growth stocks, the S&P 500 growth index edged up 0.01%, while the value index dipped 0.24%.\nThe Dow Jones Industrial Average fell 0.21% to end at 33,874.24 points, while the S&P 500 lost 0.11% to 4,241.84.\nThe Nasdaq Composite climbed 0.13% to 14,271.73.\nThe S&P 500 has gained about 13% in 2021, while the Nasdaq and Dow are up about 11%.\nNikola Corp rallied 4.3% after the electric and hydrogen vehicle maker said it is investing $50 million in Wabash Valley Resources LLC to produce clean hydrogen in the U.S. Midwest for its zero-emission trucks.\nAmong so-called meme stocks, software firm Alfi Inc tumbled 26% after more than doubling in value in the prior session, while Torchlight Energy Resources Inc slumped 30%, tumbling for a second day after announcing an upsized stock offering.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq, a 1.42-to-1 ratio favored advancers.\nThe S&P 500 posted 33 new 52-week highs and no new lows; the Nasdaq Composite recorded 91 new highs and 28 new lows.\nVolume on U.S. exchanges was 9.3 billion shares, compared with the 11.1 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":15,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105692376,"gmtCreate":1620295525095,"gmtModify":1704341486539,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Flying to the moon?","listText":"Flying to the moon?","text":"Flying to the moon?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/105692376","repostId":"1197402336","repostType":4,"repost":{"id":"1197402336","pubTimestamp":1620273156,"share":"https://ttm.financial/m/news/1197402336?lang=&edition=fundamental","pubTime":"2021-05-06 11:52","market":"sh","language":"en","title":"Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'","url":"https://stock-news.laohu8.com/highlight/detail?id=1197402336","media":"Benzinga","summary":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitco","content":"<p>Gains in&nbsp;<b>Ethereum Classic</b>(ETC) continue to outpace the ones made by the cryptocurrency’s peers&nbsp;<b>Bitcoin</b>(BTC),<b>Ethereum</b>(ETH), and<b>Dogecoin</b>(DOGE), which all enjoy larger market capitalizations.</p><p><b>What Happened:</b>ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.</p><p>At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.</p><p>ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.</p><p>Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.</p><p>Barry Silbert&nbsp;— CEO of Digital Currency Group, which owns Grayscale&nbsp;— is a well-known proponent of ETC.</p><p>On Wednesday, Ethereum Classic noted that the<b>Grayscale Ethereum Classic Trust</b>(OTC:ETCG) has over $1 billion in assets under management.<img src=\"https://static.tigerbbs.com/18a04b786e01b25f9feb9f9e93d0d366\" tg-width=\"555\" tg-height=\"892\" referrerpolicy=\"no-referrer\">ETCG closed 27.76% higher at $67.15 on Wednesday.</p><p><b>Why It Matters:</b>ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the&nbsp;Stocktwits list of top 10 trending streams at press time.</p><p>The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch as<b>Polkadot</b>(DOT),<b>Solana</b>(SOL), and<b>Cardano</b>(ADA).</p><p>Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.</p><p>ETC’s retail fueled rise is similar to the story of<b>Dogecoin</b>(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.</p>","source":"lsy1606299360108","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>Is Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'</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\">\nIs Ethereum Classic's Outpacing Of Bitcoin, Ethereum, Dogecoin Gains All About Being 'Cheaper?'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 11:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.benzinga.com/markets/cannabis/21/05/20980403/is-ethereum-classics-outpacing-of-bitcoin-ethereum-dogecoin-gains-all-about-being-cheaper","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197402336","content_text":"Gains in Ethereum Classic(ETC) continue to outpace the ones made by the cryptocurrency’s peers Bitcoin(BTC),Ethereum(ETH), andDogecoin(DOGE), which all enjoy larger market capitalizations.What Happened:ETC has soared 160.83% in a seven-day trailing period, while BTC and ETH have risen 3.54% and 26.80% in a similar period, according to CoinMarketCap data.At press time on Wednesday night, ETC traded 16.85% higher at $90.06 in a 24-hour period. BTC was up 4.46% at $57,201.19 and ETH was higher by 3.71% at $3,484.ETC is trading 10.43% below the all-time high of $100.03 it reached on Wednesday.Ethereum Classiccame into existenceafter a hard fork of the Ethereum blockchain took place in 2016 due to prevailing disagreements at the time in the community.Barry Silbert — CEO of Digital Currency Group, which owns Grayscale — is a well-known proponent of ETC.On Wednesday, Ethereum Classic noted that theGrayscale Ethereum Classic Trust(OTC:ETCG) has over $1 billion in assets under management.ETCG closed 27.76% higher at $67.15 on Wednesday.Why It Matters:ETC has caught the attention of the social media investment crowd. The cryptocurrency’s ticker featured in the Stocktwits list of top 10 trending streams at press time.The rise in ETC is despite the fact that it is not typically classified as an “Ethereum Killer,” which is thecase with several coinssuch asPolkadot(DOT),Solana(SOL), andCardano(ADA).Synergia Capital’s head of research, Denis Vinokourov, said that the rise in ETC “appears to be dominated by ‘cheaper’ Ethereum play and retail flow that has pushed DOGE to sky-high levels,” CoinDeskreported, dubbing the surge in ETC as a sign of froth in the cryptocurrency market.ETC’s retail fueled rise is similar to the story ofDogecoin(DOGE), which has soared 13,604.64% since the year began. However, even DOGE’s weekly gains of 102.68% are weaker than those of ETC. DOGE traded 6.63% higher at $0.63 at press time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860746754,"gmtCreate":1632220101578,"gmtModify":1676530727523,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/860746754","repostId":"1178869256","repostType":4,"repost":{"id":"1178869256","pubTimestamp":1632215759,"share":"https://ttm.financial/m/news/1178869256?lang=&edition=fundamental","pubTime":"2021-09-21 17:15","market":"us","language":"en","title":"7 Back-To-School Market Lessons For Investors","url":"https://stock-news.laohu8.com/highlight/detail?id=1178869256","media":"seekingalpha","summary":"Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Summer is fading and fall is kicking in.</li>\n <li>That means traders and portfolio managers will be back behind their turrets watching the screens flicker.</li>\n <li>Here are some key factors and market perspectives to consider.</li>\n</ul>\n<p>Back from vacations. Beach houses seem like distant memories. Kids are off to school. The days are getting shorter. Summer is fading and fall is kicking in. That means traders and portfolio managers will be back behind their turrets watching the screens flicker. It’s the final run into the end of the year. So, what do we think from here until New Year’s Eve? Here are some key factors and market perspectives to consider.</p>\n<p><b>1. COVID-19 Still Biggest Risk</b></p>\n<p>A lot of the worries can be traced back to the Delta variant. We certainly saw the impact in this latest jobs print here in the US. The leisure and hospitality segment of the workforce saw almost no jobs added for the month of August. Not surprisingly, August also saw a surge in case counts related to the Delta variant. It’s easy to see the spillover impact from COVID, but let’s keep it in perspective:</p>\n<ul>\n <li>Note that each subsequent surge in case counts has seen less and less of an economic impact.</li>\n <li>Companies and the economy have broadly learned to cope with the virus, and earnings have been nothing short of spectacular.</li>\n <li>Policy makers are shifting tack with a greater focus on vaccinations, understanding that coexisting with the virus is the likely path forward.</li>\n <li>The private sector is leading the charge as vaccination mandates become more the norm than the exception. This should help those vaccination penetration rates push higher.</li>\n</ul>\n<p><b>Florida barometer:</b>We’ve heard worries that a back-to-school surge and its spillover effects may adversely impact the real economy once again. We continue to point to Florida as the key state to monitor. Why? Because it was one of the first states in the US to see a sharp rise in Delta-variant-related case counts. More importantly, Florida took the fewest steps to mitigate the spread, highlighted by the signing of an executive order barring mask mandates. Lastly, back-to-school season started several weeks ago, marking a key barometer for the future path of in-person learning. What are we seeing? A cresting in case counts and no real discernible difference in the COVID-related data in school districts that are open and engaging full in-person learning versus those still not open or leveraging some version of a hybrid policy.</p>\n<p><b>Boosters:</b>The risk we do want to highlight is the need for booster shots. If mRNA vaccine efficacy is deteriorating faster than anticipated, the ability to completely win the battle against the virus will become that much harder. And if we assume mutations will remain the norm, this battle becomes even more complex. The strategy going forward will certainly be coexisting if this is the case.</p>\n<p><b>2. Taper, No Tantrum</b></p>\n<p><i>We do not expect the Fed “withdrawing liquidity” (i.e. tapering) to become a major headwind. Rate hikes will matter more.</i>We believe tapering is more a matter of misunderstood monetary policy than anything else. Because of experiences like that of 2013, many of us think Taper Tantrum whenever there is talk of the Fed reducing its asset purchases. However, there are a few major differences in today’s economy versus other tapering times. For example, in 2013 there was slack in the economy. The output gap back in 2013 was still pointing to an economy running well below potential. Withdrawing marginal support at a time when the economy was still in recovery mode should certainly elicit an adverse reaction. Currently, the Congressional Budget Office estimates the output gap has closed, indicating a lack of slack in the US economy. Also, recall that asset purchases during the Great Financial Crisis were all about removing illiquid mortgage-related assets from banks’ balance sheets in an attempt to free up capital and restart lending. This is not an issue today.</p>\n<p><b>3. Learn Your Liquidity</b></p>\n<p>Liquidity is a word that gets thrown around quite a bit. But it’s often used in a manner that is misguided. There are three forms of liquidity:</p>\n<ul>\n <li><b>Systemic Liquidity</b>– the resources within the banking system that are used to settle inter-bank payments. This system is actively managed by the Fed and is not fungible outside of the banking system in any way. Only the Fed can add or withdraw liquidity from this system.</li>\n <li><b>Credit Liquidity</b>– the ability of individuals and corporations to increase debt or roll over existing liabilities. Banks create credit and this credit creation is independent of reserves. Our fractional reserves-based system is often misunderstood within this context and often creates confusion with this concept. Sure, banks have regulatory issues that can constrain lending. But if banks want to lend, they will lend. If I have the risk appetite to borrow and you have the risk appetite to lend, credit liquidity will find a way to make this happen – independent of the Fed’s balance sheet or systemic liquidity.</li>\n <li><b>Transactional Liquidity</b>– the ease with which investors can buy and sell financial assets. This backdrop is often influenced by market structure or regulatory issues. But in the end, the Fed’s balance sheet has little to do with it. This form of liquidity is often pro-cyclical, but ultimately, transactional liquidity is a function of risk appetite from you and me.</li>\n</ul>\n<p>Why run through all of this? Two of the three forms of liquidity that we often conflate are a product of risk appetite. A risk appetite that is driven by you and me, independent of the Fed’s balance sheet. The third – systemic liquidity – is an endogenous issue. One that cannot find its way directly into the equity, currency or bond markets. So, if the Fed’s balance sheet really isn’t a driver of liquidity, then why all of the hoopla surrounding tapering? Because tapering matters to the extent that market participants believe it matters. A placebo effect. We are conditioned to think it matters. So as long as we believe this, then it matters.</p>\n<p>Here is one other point to highlight regarding tapering concerns: Chair Powell and the Fed have been very articulate in their forward guidance. Tapering is coming – that has been made crystal clear. The timing and size are still up for debate. But more importantly, they made a concerted effort to de-link the relationship between tapering and interest rate hikes during their Jackson Hole meeting comments. These two events are disconnected and mutually exclusive. The Fed will taper and step back and reassess the economy. Rate hikes will follow accordingly should they be appropriate. Rate hikes matter far more than tapering and the commencement of any hiking cycle is still quite a ways off in the future.</p>\n<p><b>4. More Demand, Less Supply of Treasuries</b></p>\n<p><i>Who will buy all of these Treasuries once the Fed steps away?</i>Central banks have certainly been significant buyers of bonds over the years. Tapering leads to a drop in this marginal buyer, implying that interest rates will shoot up from a lack of demand. This has been a rallying cry of interest rate bears for several years, and this simply has never panned out. Gross Treasury issuance projections are expected to decline meaningfully in 2022. This decline in issuance will far outpace the expected reduction in net purchases by the Fed, meaning that supply will be falling at a faster pace than demand. Moreover, the marginal buyer coming from the price-insensitive camp is growing by leaps and bounds. There are still plenty of factions – think insurance companies, pension funds, banks and their regulatory related requirements, etc. – that have to own high quality fixed income assets for one reason or another. There is simply not enough supply of high quality liquid assets out there to satiate this need. “Who is going to buy all of these Treasuries?” has been a fool’s errand trade.</p>\n<p><b>5. Peak Momentum Doesn’t Mean Peak Growth</b></p>\n<p>Sure, the policy/reopening impulse may have peaked. But it’s far from over. We certainly cannot extrapolate growth going up and to the right forever. However, don’t confuse slowing momentum with a lower absolute level of growth. The recent Delta surge has put a near-term damper on growth prospects. But we are simply trading more COVID risk now for less in the future. We think this directly translates to the real economy: fatter and flatter (think of a sine wave). A little less near-term strength (flatter) for a little longer expansion (fatter). Delayed but not derailed.</p>\n<p>Government policy-response impulse is certainly fading from a rate of change perspective. China is tightening and the Fed will be tapering. Fiscal tailwinds in almost every country will turn to headwinds in 2022. But while these fiscal tailwinds fade, they are far from over. Note the Child Tax Credit payments, back-to-school spending, rising wages (especially for the cohorts with the strongest marginal propensity to consume), European recovery-fund payments, and infrastructure spending. Add in inventory restocking, an emerging capital expenditure1(CAPEX)cycle, increased vaccination penetration rates, and further progress on the economic reopening, and it’s clear that the impulse may have peaked but it’s far from over. And we remind our readers that all of this US fiscal cliff talk is occurring at a time when the US is effectively operating with a closed output gap. This is a very different economic context from previous cycles, which typically saw slack still in the economy.</p>\n<p><b>6. Shift from Demand Side to Supply Side?</b></p>\n<p>Might we finally see a shift from demand side policies towards supply side catalysts? Will the strains that have emerged and magnified in the heart of the COVID crisis prove to be the catalyst for this handoff? While a true CapEx cycle has always been wishful thinking, might this time be any different? It’s quite possible that this time around, corporations have adjusted and learned to deal with this new demand environment. Companies certainly learned a thing or two in the past 18 months. These efficiency gains do not simply go away. Rather, they should improve operating leverage and become permanent. And if this shift from demand side support to supply side growth manifests in a real CapEx expansion, might growth expectations be too low for 2022? And remember, one man’s CapEx is another’s earnings per share2(EPS). Economic and earnings growth expectations may still be underappreciated.</p>\n<p>As we stated earlier, COVID-19 is the new enemy. We are trained to assume a reversion to the mean in terms of past experiences with peak growth. However, this time could very well prove different. We could see a durably higher level of nominal growth.3Of course, this is certainly not a base case scenario for the markets in 2022. But remember: Corporate America’s earnings performance has been genuinely spectacular for the second quarter. They’ve learned a thing or two in the COVID economy. Never bet against the US consumer. Never bet against the dynamic and flexible US private sector.</p>\n<p><b>7. A September to Remember?</b></p>\n<p>September is shaping up to be quite a month in the US capital. Below is a list of key DC happenings that will certainly provide some interesting headlines:</p>\n<ul>\n <li>September 6 – $300 unemployment benefits expire</li>\n <li>September 13 – Senate returns from break</li>\n <li>September 15 – Committees deadline for input on the $3.5T reconciliation bill</li>\n <li>September 20 – House returns from break</li>\n <li>September 27 – Pelosi commitment to hold a vote on the $1.2T bipartisan infrastructure deal</li>\n <li>September 30 – Fiscal year 2021 ends and a continuing resolution is needed to avoid a government shutdown</li>\n <li>September – Decision on Powell replacement and Fed picks expected</li>\n <li>October – Debt limit needs to be addressed</li>\n</ul>\n<p>The political theater kicked into high gear at the end of August when ten moderate House Democrats threatened to withhold their votes on the $3.5T budget resolution that had been previously approved by the Senate. This is important as it was needed to unlock the budget reconciliation process. Moderates demanded that the Speaker of the House, Nancy Pelosi, have a vote on the bipartisan Senate-approved infrastructure bill before any vote on the $3.5T budget resolution, which has been also approved by the Senate. Speaker Pelosi acquiesced and made a commitment to hold a vote on the Senate-passed bipartisan infrastructure bill no later than September 27. In return, moderates supported the budget resolution as part of the give and take.</p>\n<p>Congressional approval of the budget resolution has enabled the $3.5T human infrastructure proposal to move forward, but the road ahead will certainly be a slog. The budget resolution is a non-binding one, giving cover to moderate Democrats who voted to support the procedure but who may not support the final act due at the end of the month. With only a four-seat majority there are at least nine moderate House Democrats who won’t support the entire $3.5T package. Complicating the issue even more, the reconciliation bill must also pass the Senate where Senators Manchin and Sinema have made it clear they won’t support the entire $3.5T bill. In addition, when the House calls for a vote on the bipartisan infrastructure package later this month, the Speaker could get some pushback from progressive members of her caucus who have been demanding action on the large package prior to a vote on the bipartisan bill. If the Speaker keeps to her commitment to the moderates, it’s hard to see the progressives tanking a $1T proposal, which represents not only a major step forward for the USA’s crumbling infrastructure, but also what will be a big win for President Biden.</p>\n<p>Plenty of political tape bombs could come out of September. And we did not even discuss the debt ceiling and the government shutdown. While we view these two events as headline risk, markets have grown accustomed to the political theater involved with these two issues. With Democrats in charge of Washington, DC (House, Senate and White House), the last thing they need is to be blamed for a default and shutdown of the US government in front of the 2022 midterms. We expect any market-related weakness from a knee-jerk reaction to a headline to prove short-lived. Political gamesmanship is rarely lasting on the markets.</p>\n<p><b>In Summary: Stay the Course</b></p>\n<p>The market’s stretch run until the end of the year certainly will face some challenges. We have not seen a proper correction at all this year and history suggests at least three should occur, on average. Might we finally get at least one? “Buy the dip” has certainly been the modus operandi all year. We aren’t in the business of calling short-term market corrections. Rather, we are in the business of looking for cyclical shifts that lead to an end to economic expansions and market upcycles. Given the worries outlined above and the supportive measures still acting as tailwinds, we believe markets are still poised to grind higher.</p>\n<p>Sure, the ride may be a bit bumpier as we weave through a political battlefield and a world where we need to learn to coexist with a virus that may never leave us. But we don’t find enough evidence to flip bearish risk assets. Stay the course for the rest of the year. It’s all about earnings. Sure, they will ease. They have to. But we don’t see them underwhelming just yet.</p>\n<p>1Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, and technology.</p>\n<p>2Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.</p>\n<p>3Nominal growth refers to the nominal gross domestic product(GDP)evaluated at current market prices. Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy.</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>7 Back-To-School Market Lessons For Investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n7 Back-To-School Market Lessons For Investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-21 17:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be back behind their turrets watching the screens flicker.\nHere are some key factors and market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/article/4456272-7-back-to-school-market-lessons-for-investors","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178869256","content_text":"Summary\n\nSummer is fading and fall is kicking in.\nThat means traders and portfolio managers will be back behind their turrets watching the screens flicker.\nHere are some key factors and market perspectives to consider.\n\nBack from vacations. Beach houses seem like distant memories. Kids are off to school. The days are getting shorter. Summer is fading and fall is kicking in. That means traders and portfolio managers will be back behind their turrets watching the screens flicker. It’s the final run into the end of the year. So, what do we think from here until New Year’s Eve? Here are some key factors and market perspectives to consider.\n1. COVID-19 Still Biggest Risk\nA lot of the worries can be traced back to the Delta variant. We certainly saw the impact in this latest jobs print here in the US. The leisure and hospitality segment of the workforce saw almost no jobs added for the month of August. Not surprisingly, August also saw a surge in case counts related to the Delta variant. It’s easy to see the spillover impact from COVID, but let’s keep it in perspective:\n\nNote that each subsequent surge in case counts has seen less and less of an economic impact.\nCompanies and the economy have broadly learned to cope with the virus, and earnings have been nothing short of spectacular.\nPolicy makers are shifting tack with a greater focus on vaccinations, understanding that coexisting with the virus is the likely path forward.\nThe private sector is leading the charge as vaccination mandates become more the norm than the exception. This should help those vaccination penetration rates push higher.\n\nFlorida barometer:We’ve heard worries that a back-to-school surge and its spillover effects may adversely impact the real economy once again. We continue to point to Florida as the key state to monitor. Why? Because it was one of the first states in the US to see a sharp rise in Delta-variant-related case counts. More importantly, Florida took the fewest steps to mitigate the spread, highlighted by the signing of an executive order barring mask mandates. Lastly, back-to-school season started several weeks ago, marking a key barometer for the future path of in-person learning. What are we seeing? A cresting in case counts and no real discernible difference in the COVID-related data in school districts that are open and engaging full in-person learning versus those still not open or leveraging some version of a hybrid policy.\nBoosters:The risk we do want to highlight is the need for booster shots. If mRNA vaccine efficacy is deteriorating faster than anticipated, the ability to completely win the battle against the virus will become that much harder. And if we assume mutations will remain the norm, this battle becomes even more complex. The strategy going forward will certainly be coexisting if this is the case.\n2. Taper, No Tantrum\nWe do not expect the Fed “withdrawing liquidity” (i.e. tapering) to become a major headwind. Rate hikes will matter more.We believe tapering is more a matter of misunderstood monetary policy than anything else. Because of experiences like that of 2013, many of us think Taper Tantrum whenever there is talk of the Fed reducing its asset purchases. However, there are a few major differences in today’s economy versus other tapering times. For example, in 2013 there was slack in the economy. The output gap back in 2013 was still pointing to an economy running well below potential. Withdrawing marginal support at a time when the economy was still in recovery mode should certainly elicit an adverse reaction. Currently, the Congressional Budget Office estimates the output gap has closed, indicating a lack of slack in the US economy. Also, recall that asset purchases during the Great Financial Crisis were all about removing illiquid mortgage-related assets from banks’ balance sheets in an attempt to free up capital and restart lending. This is not an issue today.\n3. Learn Your Liquidity\nLiquidity is a word that gets thrown around quite a bit. But it’s often used in a manner that is misguided. There are three forms of liquidity:\n\nSystemic Liquidity– the resources within the banking system that are used to settle inter-bank payments. This system is actively managed by the Fed and is not fungible outside of the banking system in any way. Only the Fed can add or withdraw liquidity from this system.\nCredit Liquidity– the ability of individuals and corporations to increase debt or roll over existing liabilities. Banks create credit and this credit creation is independent of reserves. Our fractional reserves-based system is often misunderstood within this context and often creates confusion with this concept. Sure, banks have regulatory issues that can constrain lending. But if banks want to lend, they will lend. If I have the risk appetite to borrow and you have the risk appetite to lend, credit liquidity will find a way to make this happen – independent of the Fed’s balance sheet or systemic liquidity.\nTransactional Liquidity– the ease with which investors can buy and sell financial assets. This backdrop is often influenced by market structure or regulatory issues. But in the end, the Fed’s balance sheet has little to do with it. This form of liquidity is often pro-cyclical, but ultimately, transactional liquidity is a function of risk appetite from you and me.\n\nWhy run through all of this? Two of the three forms of liquidity that we often conflate are a product of risk appetite. A risk appetite that is driven by you and me, independent of the Fed’s balance sheet. The third – systemic liquidity – is an endogenous issue. One that cannot find its way directly into the equity, currency or bond markets. So, if the Fed’s balance sheet really isn’t a driver of liquidity, then why all of the hoopla surrounding tapering? Because tapering matters to the extent that market participants believe it matters. A placebo effect. We are conditioned to think it matters. So as long as we believe this, then it matters.\nHere is one other point to highlight regarding tapering concerns: Chair Powell and the Fed have been very articulate in their forward guidance. Tapering is coming – that has been made crystal clear. The timing and size are still up for debate. But more importantly, they made a concerted effort to de-link the relationship between tapering and interest rate hikes during their Jackson Hole meeting comments. These two events are disconnected and mutually exclusive. The Fed will taper and step back and reassess the economy. Rate hikes will follow accordingly should they be appropriate. Rate hikes matter far more than tapering and the commencement of any hiking cycle is still quite a ways off in the future.\n4. More Demand, Less Supply of Treasuries\nWho will buy all of these Treasuries once the Fed steps away?Central banks have certainly been significant buyers of bonds over the years. Tapering leads to a drop in this marginal buyer, implying that interest rates will shoot up from a lack of demand. This has been a rallying cry of interest rate bears for several years, and this simply has never panned out. Gross Treasury issuance projections are expected to decline meaningfully in 2022. This decline in issuance will far outpace the expected reduction in net purchases by the Fed, meaning that supply will be falling at a faster pace than demand. Moreover, the marginal buyer coming from the price-insensitive camp is growing by leaps and bounds. There are still plenty of factions – think insurance companies, pension funds, banks and their regulatory related requirements, etc. – that have to own high quality fixed income assets for one reason or another. There is simply not enough supply of high quality liquid assets out there to satiate this need. “Who is going to buy all of these Treasuries?” has been a fool’s errand trade.\n5. Peak Momentum Doesn’t Mean Peak Growth\nSure, the policy/reopening impulse may have peaked. But it’s far from over. We certainly cannot extrapolate growth going up and to the right forever. However, don’t confuse slowing momentum with a lower absolute level of growth. The recent Delta surge has put a near-term damper on growth prospects. But we are simply trading more COVID risk now for less in the future. We think this directly translates to the real economy: fatter and flatter (think of a sine wave). A little less near-term strength (flatter) for a little longer expansion (fatter). Delayed but not derailed.\nGovernment policy-response impulse is certainly fading from a rate of change perspective. China is tightening and the Fed will be tapering. Fiscal tailwinds in almost every country will turn to headwinds in 2022. But while these fiscal tailwinds fade, they are far from over. Note the Child Tax Credit payments, back-to-school spending, rising wages (especially for the cohorts with the strongest marginal propensity to consume), European recovery-fund payments, and infrastructure spending. Add in inventory restocking, an emerging capital expenditure1(CAPEX)cycle, increased vaccination penetration rates, and further progress on the economic reopening, and it’s clear that the impulse may have peaked but it’s far from over. And we remind our readers that all of this US fiscal cliff talk is occurring at a time when the US is effectively operating with a closed output gap. This is a very different economic context from previous cycles, which typically saw slack still in the economy.\n6. Shift from Demand Side to Supply Side?\nMight we finally see a shift from demand side policies towards supply side catalysts? Will the strains that have emerged and magnified in the heart of the COVID crisis prove to be the catalyst for this handoff? While a true CapEx cycle has always been wishful thinking, might this time be any different? It’s quite possible that this time around, corporations have adjusted and learned to deal with this new demand environment. Companies certainly learned a thing or two in the past 18 months. These efficiency gains do not simply go away. Rather, they should improve operating leverage and become permanent. And if this shift from demand side support to supply side growth manifests in a real CapEx expansion, might growth expectations be too low for 2022? And remember, one man’s CapEx is another’s earnings per share2(EPS). Economic and earnings growth expectations may still be underappreciated.\nAs we stated earlier, COVID-19 is the new enemy. We are trained to assume a reversion to the mean in terms of past experiences with peak growth. However, this time could very well prove different. We could see a durably higher level of nominal growth.3Of course, this is certainly not a base case scenario for the markets in 2022. But remember: Corporate America’s earnings performance has been genuinely spectacular for the second quarter. They’ve learned a thing or two in the COVID economy. Never bet against the US consumer. Never bet against the dynamic and flexible US private sector.\n7. A September to Remember?\nSeptember is shaping up to be quite a month in the US capital. Below is a list of key DC happenings that will certainly provide some interesting headlines:\n\nSeptember 6 – $300 unemployment benefits expire\nSeptember 13 – Senate returns from break\nSeptember 15 – Committees deadline for input on the $3.5T reconciliation bill\nSeptember 20 – House returns from break\nSeptember 27 – Pelosi commitment to hold a vote on the $1.2T bipartisan infrastructure deal\nSeptember 30 – Fiscal year 2021 ends and a continuing resolution is needed to avoid a government shutdown\nSeptember – Decision on Powell replacement and Fed picks expected\nOctober – Debt limit needs to be addressed\n\nThe political theater kicked into high gear at the end of August when ten moderate House Democrats threatened to withhold their votes on the $3.5T budget resolution that had been previously approved by the Senate. This is important as it was needed to unlock the budget reconciliation process. Moderates demanded that the Speaker of the House, Nancy Pelosi, have a vote on the bipartisan Senate-approved infrastructure bill before any vote on the $3.5T budget resolution, which has been also approved by the Senate. Speaker Pelosi acquiesced and made a commitment to hold a vote on the Senate-passed bipartisan infrastructure bill no later than September 27. In return, moderates supported the budget resolution as part of the give and take.\nCongressional approval of the budget resolution has enabled the $3.5T human infrastructure proposal to move forward, but the road ahead will certainly be a slog. The budget resolution is a non-binding one, giving cover to moderate Democrats who voted to support the procedure but who may not support the final act due at the end of the month. With only a four-seat majority there are at least nine moderate House Democrats who won’t support the entire $3.5T package. Complicating the issue even more, the reconciliation bill must also pass the Senate where Senators Manchin and Sinema have made it clear they won’t support the entire $3.5T bill. In addition, when the House calls for a vote on the bipartisan infrastructure package later this month, the Speaker could get some pushback from progressive members of her caucus who have been demanding action on the large package prior to a vote on the bipartisan bill. If the Speaker keeps to her commitment to the moderates, it’s hard to see the progressives tanking a $1T proposal, which represents not only a major step forward for the USA’s crumbling infrastructure, but also what will be a big win for President Biden.\nPlenty of political tape bombs could come out of September. And we did not even discuss the debt ceiling and the government shutdown. While we view these two events as headline risk, markets have grown accustomed to the political theater involved with these two issues. With Democrats in charge of Washington, DC (House, Senate and White House), the last thing they need is to be blamed for a default and shutdown of the US government in front of the 2022 midterms. We expect any market-related weakness from a knee-jerk reaction to a headline to prove short-lived. Political gamesmanship is rarely lasting on the markets.\nIn Summary: Stay the Course\nThe market’s stretch run until the end of the year certainly will face some challenges. We have not seen a proper correction at all this year and history suggests at least three should occur, on average. Might we finally get at least one? “Buy the dip” has certainly been the modus operandi all year. We aren’t in the business of calling short-term market corrections. Rather, we are in the business of looking for cyclical shifts that lead to an end to economic expansions and market upcycles. Given the worries outlined above and the supportive measures still acting as tailwinds, we believe markets are still poised to grind higher.\nSure, the ride may be a bit bumpier as we weave through a political battlefield and a world where we need to learn to coexist with a virus that may never leave us. But we don’t find enough evidence to flip bearish risk assets. Stay the course for the rest of the year. It’s all about earnings. Sure, they will ease. They have to. But we don’t see them underwhelming just yet.\n1Capital expenditures (CAPEX) are funds used by a company to acquire, upgrade, and maintain physical assets such as property, buildings, and technology.\n2Earnings per share (EPS) is a company’s net profit divided by the number of common shares it has outstanding.\n3Nominal growth refers to the nominal gross domestic product(GDP)evaluated at current market prices. Nominal differs from real GDP in that it includes changes in prices due to inflation, which reflects the rate of price increases in an economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185496917,"gmtCreate":1623665051139,"gmtModify":1704208121409,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Kroger","listText":"Kroger","text":"Kroger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/185496917","repostId":"1146430910","repostType":4,"repost":{"id":"1146430910","pubTimestamp":1623624483,"share":"https://ttm.financial/m/news/1146430910?lang=&edition=fundamental","pubTime":"2021-06-14 06:48","market":"us","language":"en","title":"Oracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1146430910","media":"Barrons","summary":"It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and","content":"<p>It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on&nbsp;Thursday make up&nbsp;the notable reports over the coming days.</p>\n<p>Several other companies will speak with investors this week.&nbsp;Activision Blizzard and General Motors host their annual shareholder meetings on Monday, followed by Humana’s investor day on Tuesday and events by&nbsp;DXC Technology and NRG Energy on Thursday.</p>\n<p>The main event on the economic calendar this week will be the&nbsp;Federal Reserve’s rate-setting committee’s June meeting on Tuesday and Wednesday. The committee’s monetary-policy decision and a post-meeting press conference with Chairman&nbsp;Jerome Powell will be the focus of attention on Wednesday afternoon. Talk of inflation and bond-purchase tapering will be on the agenda.</p>\n<p>Data out this week include the Bureau of Labor Statistics’ producer price index for May and the Census Bureau’s retail-sales data for May, both on Tuesday, followed by the Conference Board’s Leading Economic Index for May on Thursday. There will also be data on the U.S. housing market out on Tuesday and Wednesday.</p>\n<p><b>Monday 6/14</b></p>\n<p>Roche Holding&nbsp;presents data on its spinal muscular atrophy drug, Evrysdi, at the 2021 CureSMA annual meeting.</p>\n<p>Activision Blizzard and General Motors hold their annual shareholder meetings.</p>\n<p><b>Tuesday 6/15</b></p>\n<p>Oracle announces fiscal fourth-quarter and full-year 2021 results.</p>\n<p>Humana hosts its biennial investor day virtually.</p>\n<p><b>The National Association</b>&nbsp;of Home Builders releases its Housing Market Index for June. Economists forecast an 83 reading, matching the May figure. Home builders remain very bullish on the housing market but are concerned about the availability and cost of building materials.</p>\n<p><b>The Census Bureau</b>&nbsp;reports retail-sales data for May. Expectations are for a 0.5% month-over-month decline, following a flat April. Excluding autos, spending is seen rising 0.6%, compared with a 0.8% decrease previously.</p>\n<p><b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for May. Consensus estimate is for a 0.4% monthly increase, with the core PPI, which excludes volatile food and energy prices, expected to rise 0.4% as well. This compares with gains of 0.6% and 0.7%, respectively, in April.</p>\n<p><b>Wednesday 6/16</b></p>\n<p><b>The FOMC announces</b>&nbsp;its monetary-policy decision. With the federal-funds rate all but certain to remain near zero, Wall Street is looking for clues as to when the Federal Reserve might scale back its bond purchases.</p>\n<p>Lennar reports quarterly results.</p>\n<p><b>The Census Bureau</b>&nbsp;reports new residential construction data for May. The economists forecast a seasonally adjusted annual rate of 1.63 million housing starts, slightly higher than April’s data. Housing starts are just below their post-financial-crisis peak of 1.73 million from March.</p>\n<p><b>Thursday 6/17</b></p>\n<p>Adobe and Kroger hold conference calls to discuss earnings.</p>\n<p>DXC Technology and NRG Energy hold their 2021 investor days.</p>\n<p><b>The Conference Board</b>&nbsp;releases its Leading Economic Index for May. The LEI is expected to rise 1.1% month over month to 114.5, after gaining 1.6% in April. The index has now surpassed its pre-Covid peak, set back in January of 2020. The Conference Board now projects 8% to 9% annualized gross-domestic-product growth for the second quarter, and 6.4% for the year.</p>\n<p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on June 15. Jobless claims this past week were 376,000, the lowest total since March of 2020.</p>\n<p><b>Friday 6/18</b></p>\n<p><b>The Bank of Japan</b>&nbsp;announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at negative 0.1%. The BOJ recently updated its GDP forecast to 4% growth for fiscal 2021 and 2.4% for fiscal 2022.</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>Oracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOracle, Adobe, Kroger, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 06:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on Thursday make up the notable reports over the coming days.\nSeveral other companies will ...</p>\n\n<a href=\"https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","ADBE":"Adobe",".DJI":"道琼斯","KR":"克罗格","GM":"通用汽车","ORCL":"甲骨文",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/oracle-adobe-kroger-general-motors-and-other-stocks-for-investors-to-watch-this-week-51623610821?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146430910","content_text":"It’s another quiet week on the earnings front. Oracle on Tuesday, Lennar on Wednesday, and Adobe and Kroger on Thursday make up the notable reports over the coming days.\nSeveral other companies will speak with investors this week. Activision Blizzard and General Motors host their annual shareholder meetings on Monday, followed by Humana’s investor day on Tuesday and events by DXC Technology and NRG Energy on Thursday.\nThe main event on the economic calendar this week will be the Federal Reserve’s rate-setting committee’s June meeting on Tuesday and Wednesday. The committee’s monetary-policy decision and a post-meeting press conference with Chairman Jerome Powell will be the focus of attention on Wednesday afternoon. Talk of inflation and bond-purchase tapering will be on the agenda.\nData out this week include the Bureau of Labor Statistics’ producer price index for May and the Census Bureau’s retail-sales data for May, both on Tuesday, followed by the Conference Board’s Leading Economic Index for May on Thursday. There will also be data on the U.S. housing market out on Tuesday and Wednesday.\nMonday 6/14\nRoche Holding presents data on its spinal muscular atrophy drug, Evrysdi, at the 2021 CureSMA annual meeting.\nActivision Blizzard and General Motors hold their annual shareholder meetings.\nTuesday 6/15\nOracle announces fiscal fourth-quarter and full-year 2021 results.\nHumana hosts its biennial investor day virtually.\nThe National Association of Home Builders releases its Housing Market Index for June. Economists forecast an 83 reading, matching the May figure. Home builders remain very bullish on the housing market but are concerned about the availability and cost of building materials.\nThe Census Bureau reports retail-sales data for May. Expectations are for a 0.5% month-over-month decline, following a flat April. Excluding autos, spending is seen rising 0.6%, compared with a 0.8% decrease previously.\nThe Bureau of Labor Statistics releases the producer price index for May. Consensus estimate is for a 0.4% monthly increase, with the core PPI, which excludes volatile food and energy prices, expected to rise 0.4% as well. This compares with gains of 0.6% and 0.7%, respectively, in April.\nWednesday 6/16\nThe FOMC announces its monetary-policy decision. With the federal-funds rate all but certain to remain near zero, Wall Street is looking for clues as to when the Federal Reserve might scale back its bond purchases.\nLennar reports quarterly results.\nThe Census Bureau reports new residential construction data for May. The economists forecast a seasonally adjusted annual rate of 1.63 million housing starts, slightly higher than April’s data. Housing starts are just below their post-financial-crisis peak of 1.73 million from March.\nThursday 6/17\nAdobe and Kroger hold conference calls to discuss earnings.\nDXC Technology and NRG Energy hold their 2021 investor days.\nThe Conference Board releases its Leading Economic Index for May. The LEI is expected to rise 1.1% month over month to 114.5, after gaining 1.6% in April. The index has now surpassed its pre-Covid peak, set back in January of 2020. The Conference Board now projects 8% to 9% annualized gross-domestic-product growth for the second quarter, and 6.4% for the year.\nThe Department of Labor reports initial jobless claims for the week ending on June 15. Jobless claims this past week were 376,000, the lowest total since March of 2020.\nFriday 6/18\nThe Bank of Japan announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at negative 0.1%. The BOJ recently updated its GDP forecast to 4% growth for fiscal 2021 and 2.4% for fiscal 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100604784,"gmtCreate":1619605633848,"gmtModify":1704726671439,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Flying&nbsp;??","listText":"Flying&nbsp;??","text":"Flying ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/100604784","repostId":"1131068131","repostType":4,"repost":{"id":"1131068131","pubTimestamp":1619586637,"share":"https://ttm.financial/m/news/1131068131?lang=&edition=fundamental","pubTime":"2021-04-28 13:10","market":"us","language":"en","title":"Facebook Reports Earnings Wednesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1131068131","media":"Barrons","summary":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, ","content":"<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.</p>\n<p>As demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.</p>\n<p>Including sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.</p>\n<p>Facebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.</p>\n<p>Beyond advertising, BMO Capital Markets analyst Daniel Salmon&nbsp;wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.</p>\n<p>In March, Facebook chief executive Mark Zuckerberg&nbsp;said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.</p>\n<p>Investors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.</p>\n<p>On Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.</p>\n<p>Zuckerberg and&nbsp;Apple&nbsp;(APPL) CEO Tim Cook&nbsp;have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.</p>\n<p>BofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”</p>\n<p>Facebook finance chief David Wehner&nbsp;has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.</p>\n<p>Of the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.</p>\n<p>Barron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&amp;P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.</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>Facebook Reports Earnings Wednesday. Here Is What to Expect.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Reports Earnings Wednesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs ...</p>\n\n<a href=\"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131068131","content_text":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.\nIncluding sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.\nFacebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.\nBeyond advertising, BMO Capital Markets analyst Daniel Salmon wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.\nIn March, Facebook chief executive Mark Zuckerberg said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.\nInvestors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.\nOn Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.\nZuckerberg and Apple (APPL) CEO Tim Cook have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.\nBofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”\nFacebook finance chief David Wehner has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.\nOf the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.\nBarron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":197,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347839665,"gmtCreate":1618482114457,"gmtModify":1704711506237,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"?????","listText":"?????","text":"?????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/347839665","repostId":"1149248743","repostType":4,"repost":{"id":"1149248743","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1618481824,"share":"https://ttm.financial/m/news/1149248743?lang=&edition=fundamental","pubTime":"2021-04-15 18:17","market":"us","language":"en","title":"PepsiCo tops estimates as pandemic snacking helps fuels 6.8% revenue gain","url":"https://stock-news.laohu8.com/highlight/detail?id=1149248743","media":"Tiger Newspress","summary":"PepsiCoon Thursday reported quarterly earnings that topped analyst estimates as consumers maintained","content":"<p>PepsiCoon Thursday reported quarterly&nbsp;earnings&nbsp;that topped analyst estimates as consumers maintained their pandemic snacking habits.</p><p>Shares of the company rose less than 1% in premarket trading.</p><p>Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:</p><ul><li>Q1 core EPS: $1.21&nbsp;adjusted vs. $1.12 expected</li><li>Revenue: $14.82 billion vs. $14.55 billion expected</li></ul><p>Pepsi reported fiscal first-quarter net income of $1.71 billion, or $1.24 per share, up from $1.34 billion, or 96 cents per share, a year earlier.</p><p>Excluding items, the food and beverage giant earned $1.21 per share, beating the $1.12 per share expected by analysts surveyed by Refinitiv.</p><p>Net salesrose 6.8% to $14.82 billion, topping expectations of $14.55 billion.</p><p>PepsiCo&nbsp;was&nbsp;up&nbsp;0.42%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><img src=\"https://static.tigerbbs.com/405afc5e1d16cf6692d649f2f801df8c\" tg-width=\"708\" tg-height=\"500\"></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>PepsiCo tops estimates as pandemic snacking helps fuels 6.8% revenue gain</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\">\nPepsiCo tops estimates as pandemic snacking helps fuels 6.8% revenue gain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-15 18:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>PepsiCoon Thursday reported quarterly&nbsp;earnings&nbsp;that topped analyst estimates as consumers maintained their pandemic snacking habits.</p><p>Shares of the company rose less than 1% in premarket trading.</p><p>Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:</p><ul><li>Q1 core EPS: $1.21&nbsp;adjusted vs. $1.12 expected</li><li>Revenue: $14.82 billion vs. $14.55 billion expected</li></ul><p>Pepsi reported fiscal first-quarter net income of $1.71 billion, or $1.24 per share, up from $1.34 billion, or 96 cents per share, a year earlier.</p><p>Excluding items, the food and beverage giant earned $1.21 per share, beating the $1.12 per share expected by analysts surveyed by Refinitiv.</p><p>Net salesrose 6.8% to $14.82 billion, topping expectations of $14.55 billion.</p><p>PepsiCo&nbsp;was&nbsp;up&nbsp;0.42%&nbsp;in&nbsp;premarket&nbsp;trading.</p><p><img src=\"https://static.tigerbbs.com/405afc5e1d16cf6692d649f2f801df8c\" tg-width=\"708\" tg-height=\"500\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PEP":"百事可乐"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149248743","content_text":"PepsiCoon Thursday reported quarterly earnings that topped analyst estimates as consumers maintained their pandemic snacking habits.Shares of the company rose less than 1% in premarket trading.Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Q1 core EPS: $1.21 adjusted vs. $1.12 expectedRevenue: $14.82 billion vs. $14.55 billion expectedPepsi reported fiscal first-quarter net income of $1.71 billion, or $1.24 per share, up from $1.34 billion, or 96 cents per share, a year earlier.Excluding items, the food and beverage giant earned $1.21 per share, beating the $1.12 per share expected by analysts surveyed by Refinitiv.Net salesrose 6.8% to $14.82 billion, topping expectations of $14.55 billion.PepsiCo was up 0.42% in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125360242,"gmtCreate":1624656671586,"gmtModify":1703842818666,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Msft???","listText":"Msft???","text":"Msft???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/125360242","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","pubTimestamp":1624614720,"share":"https://ttm.financial/m/news/2146023165?lang=&edition=fundamental","pubTime":"2021-06-25 17:52","market":"us","language":"en","title":"Microsoft sent a strong signal to developers that could hurt Apple and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023165","media":"Yahoo Finance","summary":"Microsoft  launched a broadside against rivals Apple  and Google  on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.“Windows has always stood for sovereignty for creators and agency for consumer","content":"<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.</p>\n<p>That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.</p>\n<p>“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”</p>\n<p>The move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.</p>\n<p>Apple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.</p>\n<p>Google, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.</p>\n<h3><b>Microsoft has been criticizing Apple’s policies</b></h3>\n<p>This isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.</p>\n<p>More recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.</p>\n<p>That led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and <a href=\"https://laohu8.com/S/FB\">Facebook</a>.</p>\n<p><img src=\"https://static.tigerbbs.com/d92ddac610658f60945c72fc4da23210\" tg-width=\"1024\" tg-height=\"640\" referrerpolicy=\"no-referrer\">Microsoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft</p>\n<p>Microsoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.</p>\n<p>Epic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.</p>\n<p>Epic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.</p>\n<h3><b>Microsoft could win over developers</b></h3>\n<p>With its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.</p>\n<p>While Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.</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>Microsoft sent a strong signal to developers that could hurt Apple and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft sent a strong signal to developers that could hurt Apple and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","MSFT":"微软","09086":"华夏纳指-U","QNETCN":"纳斯达克中美互联网老虎指数","AAPL":"苹果","03086":"华夏纳指","GOOG":"谷歌"},"source_url":"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146023165","content_text":"Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.\nThat’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.\n“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”\nThe move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.\nApple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.\nGoogle, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.\nMicrosoft has been criticizing Apple’s policies\nThis isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.\nMore recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.\nThat led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and Facebook.\nMicrosoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft\nMicrosoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.\nEpic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.\nEpic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.\nMicrosoft could win over developers\nWith its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.\nWhile Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121039407,"gmtCreate":1624443118709,"gmtModify":1703836826051,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Hard to said so&nbsp;","listText":"Hard to said so&nbsp;","text":"Hard to said so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/121039407","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","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>Why I Believe NIO Will Beat Out Tesla</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\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137402988,"gmtCreate":1622372535544,"gmtModify":1704183577261,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Is time to follow new changes","listText":"Is time to follow new changes","text":"Is time to follow new changes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/137402988","repostId":"2138948877","repostType":4,"repost":{"id":"2138948877","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1622215813,"share":"https://ttm.financial/m/news/2138948877?lang=&edition=fundamental","pubTime":"2021-05-28 23:30","market":"us","language":"en","title":"The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2138948877","media":"Investors","summary":"Vacation trends reveal shifts toward privacy, luxury and family, continuing a transformative period for leisure and travel stocks.","content":"<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</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>The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever</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\">\nThe Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-28 23:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WGO":"温尼巴格实业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138948877","content_text":"Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like Airbnb that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.Leisure, Travel Industry StocksShares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.Airline stocks like American Airlines, United Airlines and Delta Air Lines surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.Cruise stocks like Carnival, Royal Caribbean and Norwegian Cruise Line are showing similar patterns.Meanwhile, shares of boat makers MarineMax and Brunswick as well as RV makers Winnebago and Thor Industries need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.Hotel leader Marriott has been less volatile and is forming a base, though earnings and sales have yet to fully recover.Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from Expedia rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.When Luxury Means More PrivacyLuxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.Private jet leasing company NetJets, which is owned by Berkshire Hathaway, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.Vacation Shift Favors These Travel StocksHotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes & Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.The Homes & Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.Seaworthy Travel Stocks Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick as well as sport boat maker Malibu Boats.\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.Travel Stocks For Being Alone TogetherThe desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.\"The rediscovery of America will continue this summer,\" Weissman said.The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.Work-Life RebalanceAs people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"Future Of Business Travel?That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.Experts say fewer workers may fly for one-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in one house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355796285,"gmtCreate":1617102684647,"gmtModify":1704801999717,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Hmm... still have more interesting than this","listText":"Hmm... still have more interesting than this","text":"Hmm... still have more interesting than this","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355796285","repostId":"2123296931","repostType":4,"repost":{"id":"2123296931","pubTimestamp":1617102120,"share":"https://ttm.financial/m/news/2123296931?lang=&edition=fundamental","pubTime":"2021-03-30 19:02","market":"us","language":"en","title":"3 Growth Stocks on My Buy List If the Nasdaq Crashes","url":"https://stock-news.laohu8.com/highlight/detail?id=2123296931","media":"Motley Fool","summary":"A plunge in tech stocks would allow for high-growth businesses to be scooped up at a discount.","content":"<p>You may not like what I'm about to say, but the tech-heavy <b>Nasdaq Composite </b>(NASDAQINDEX:^IXIC) might be on the verge of a crash.</p>\n<p>After more than doubling from its coronavirus pandemic bear market low, the Nasdaq moved back into correction territory last week (a decline of at least 10% from a recent high). Though corrections a perfectly normal part of the investing cycle and, as some would consider, the price of admission to world's greatest wealth creator on the planet, the orderly fall of the Nasdaq might soon become disorderly.</p>\n<p><img src=\"https://static.tigerbbs.com/5a80ad7e631487aa88f5e208e4ab4fb9\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p><b>The high-growth Nasdaq may be about to tumble</b></p>\n<p>For instance, the <b>Nasdaq 100</b> -- a measure of the 100 largest non-financial stocks listed on the <b>Nasdaq</b>&nbsp;exchange -- ended 2020 with a cyclically adjusted price-to-earnings (CAPE) ratio of more than 55. That more than doubles the Nasdaq 100's CAPE ratio from two years earlier. Even with a host of reasons backing premium valuations in growth stocks, valuation ratios are extended well past historic norms.</p>\n<p>Uncertainty is also continuing, with regard to the coronavirus pandemic. Despite the U.S. leading the most successful vaccination campaign of all developed nations, it's still quite possible that variants of the disease could spread and minimize the effectiveness of vaccines, which were geared to protect against the original strain of the virus.</p>\n<p>Even leverage is a genuine concern. Retail investors (especially millennials) have been piling into the market for much of the past year. According to a September 2020 Harris poll, 43% of retail investors are using some form of leverage, such as options or buying stock on margin. It's not out of the question that margin calls could come into play for inexperienced and/or highly levered retail investors if the market gets moving in the wrong direction.</p>\n<p>The point is this: A Nasdaq stock market crash is very much a possibility.</p>\n<p><b>If the Nasdaq crashes, these stocks become must-adds</b></p>\n<p>But if a Nasdaq crash happens, cheering, not jeering, is the proper response. That's because every crash and correction in history has proved to be an opportunity to buy great companies at a discount. If a Nasdaq crash does arise, my plan is to add the following three growth stocks to my portfolio.</p>\n<p><img src=\"https://static.tigerbbs.com/5fca19ebbe0e88c23fe3449884bad2c4\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p><b>Fastly</b></p>\n<p>If panic-selling were to take shape, it would be the perfect reason to wade into a sizable position of content delivery and security solutions provider <b>Fastly</b> (NYSE:FSLY).</p>\n<p>As is the case with a lot of high-growth companies, the coronavirus pandemic took existing trends and accelerated them in a big way. With more businesses moving online and seemingly more consumers than ever buying online and consuming digital content, demand for Fastly's edge cloud services have been robust. Since we're talking about a usage-based operating model, it's easy to see how a company like Fastly can grow at a double-digit pace for a long time to come.</p>\n<p>Perhaps the best thing about Fastly in 2020 was its ability to overcome what would otherwise have seemed like awful news. During the third quarter, TikTok parent ByteDance pulled most of its traffic off of Fastly's network. TikTok was responsible for an eighth of Fastly's revenue through the first half of the year, but was embroiled in a stateside spat with the Trump administration at the time.</p>\n<p>Despite modestly ramping down sales expectations in the third quarter, Fastly still delivered a dollar-based net retention rate (DBNER) of 147% in Q3 and 143% in Q4. Put another way, these DBNER figures tells us that existing clients spent a respective 47% and 43% more than they did in the year-ago quarters for Q3 2020 and Q4 2020. Fastly is much more than just a <a href=\"https://laohu8.com/S/AONE\">one</a>-client wonder.</p>\n<p>The Fastly operating model is also generating considerably more impressive margins over time. Last year, adjusted gross margin jumped 430 basis points to 60.9%, and the company retained 99% of its customers.</p>\n<p>Wall Street is looking for Fastly to triple its annual sales over the next four years, which should put it on the radar for all growth stock investors.</p>\n<p><img src=\"https://static.tigerbbs.com/b7171ad1e94a044e4bf64e685148e98b\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p><b><a href=\"https://laohu8.com/S/CRM\">Salesforce</a>.com</b></p>\n<p>Another growth stock I'd love to add to my portfolio during a Nasdaq crash is cloud-based customer relationship management (CRM) software provider <b>salesforce.com</b> (NYSE:CRM).</p>\n<p>With each passing year, CRM software is becoming more important and engrained in the business world. It's used by companies to log customer information, handle service issues, management marketing campaigns, and is especially helpful in recommending which clients might be interested in new products or services. It's data-driven and designed to make businesses winners. That makes CRM a no-brainer for service industries, but also extremely useful for manufacturing, finance, and healthcare businesses.</p>\n<p>When it comes to CRM software sales, there's salesforce and everyone else. Market share estimates from IDC for the first half of 2020 showed that salesforce controlled nearly 20% of the global CRM market. This compares to No.'s 2 through 5, which didn't even equal salesforce's share on a combined basis. This is a consistent double-digit growth trend, and salesforce is miles ahead of its competition.</p>\n<p>What's more, salesforce has an intriguing new growth avenue, assuming its $27.7 billion cash-and-stock deal to buy <b><a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a></b> (NYSE:WORK) closes. Slack's highly popular enterprise communications platform will allow salesforce to cross-sell its products to a myriad of small and medium-sized businesses. This acquisition will likely help the company sustain a sales growth rate of around 20% annually.</p>\n<p>Salesforce is also very reasonably priced. Whereas most cloud stocks are valued north of 20 times sales, salesforce can be scooped up for less than 8 times forecast sales in 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/16ca48e46c5ed915bdfaeb115d44e553\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p><b>Sea Limited</b></p>\n<p>A final high-growth stock I'd be champing at the bit to buy if panic-selling pulverized the Nasdaq is Singapore-based <b>Sea Limited</b> (NYSE:SE). Sea is not a cheap company by any means, but a healthy discount from its all-time high could be just what the doctor ordered.</p>\n<p>Sea has three rapidly growing operating segments. The <a href=\"https://laohu8.com/S/AONE.U\">one</a> generating the juiciest earnings before interest, taxes, depreciation, and amortization (EBITDA), for now, is its gaming arena. Sea finished the year with over 610 million quarterly active gaming users (up 72%), 73 million of which were paying customers. What's noteworthy here is that the percentage of paying customers rose from 9.4% in Q4 2019 to 12% of total users in Q4 2020. It's certainly possible the pandemic aided these figures, but it's equally as likely that its games are resonating with and entertaining users.</p>\n<p>The far more exciting aspect of Sea is its e-commerce platform known as Shopee. Even though Shopee has global ambitions, it's predominantly focused on emerging market regions, such as Southeastern Asia. Last year, gross merchandise value on the platform doubled to $35.4 billion, with gross orders totaling 2.8 billion (up 133%). With the middle class still establishing itself in Southeastern Asia, a high double-digit growth rate looks sustainable for Shopee.</p>\n<p>Finally, Sea offers a rapidly growing financial services segment that handled $7.8 billion in payment volume last year and had over 23 million paying mobile wallet users. With the company focusing on emerging markets, some of which are underbanked, a digital wallet could be a game-changer.</p>\n<p>Sea is the type of business that could conceivably quadruple its sales by 2024 or 2025. With so much going right for the company, any panic-selling on the Nasdaq should be a green light to buy Sea.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Growth Stocks on My Buy List If the Nasdaq Crashes</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Growth Stocks on My Buy List If the Nasdaq Crashes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 19:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/30/3-growth-stocks-on-my-buy-list-if-nasdaq-crashes/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>You may not like what I'm about to say, but the tech-heavy Nasdaq Composite (NASDAQINDEX:^IXIC) might be on the verge of a crash.\nAfter more than doubling from its coronavirus pandemic bear market low...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/30/3-growth-stocks-on-my-buy-list-if-nasdaq-crashes/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b7171ad1e94a044e4bf64e685148e98b","relate_stocks":{},"source_url":"https://www.fool.com/investing/2021/03/30/3-growth-stocks-on-my-buy-list-if-nasdaq-crashes/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2123296931","content_text":"You may not like what I'm about to say, but the tech-heavy Nasdaq Composite (NASDAQINDEX:^IXIC) might be on the verge of a crash.\nAfter more than doubling from its coronavirus pandemic bear market low, the Nasdaq moved back into correction territory last week (a decline of at least 10% from a recent high). Though corrections a perfectly normal part of the investing cycle and, as some would consider, the price of admission to world's greatest wealth creator on the planet, the orderly fall of the Nasdaq might soon become disorderly.\n\nImage source: Getty Images.\nThe high-growth Nasdaq may be about to tumble\nFor instance, the Nasdaq 100 -- a measure of the 100 largest non-financial stocks listed on the Nasdaq exchange -- ended 2020 with a cyclically adjusted price-to-earnings (CAPE) ratio of more than 55. That more than doubles the Nasdaq 100's CAPE ratio from two years earlier. Even with a host of reasons backing premium valuations in growth stocks, valuation ratios are extended well past historic norms.\nUncertainty is also continuing, with regard to the coronavirus pandemic. Despite the U.S. leading the most successful vaccination campaign of all developed nations, it's still quite possible that variants of the disease could spread and minimize the effectiveness of vaccines, which were geared to protect against the original strain of the virus.\nEven leverage is a genuine concern. Retail investors (especially millennials) have been piling into the market for much of the past year. According to a September 2020 Harris poll, 43% of retail investors are using some form of leverage, such as options or buying stock on margin. It's not out of the question that margin calls could come into play for inexperienced and/or highly levered retail investors if the market gets moving in the wrong direction.\nThe point is this: A Nasdaq stock market crash is very much a possibility.\nIf the Nasdaq crashes, these stocks become must-adds\nBut if a Nasdaq crash happens, cheering, not jeering, is the proper response. That's because every crash and correction in history has proved to be an opportunity to buy great companies at a discount. If a Nasdaq crash does arise, my plan is to add the following three growth stocks to my portfolio.\n\nImage source: Getty Images.\nFastly\nIf panic-selling were to take shape, it would be the perfect reason to wade into a sizable position of content delivery and security solutions provider Fastly (NYSE:FSLY).\nAs is the case with a lot of high-growth companies, the coronavirus pandemic took existing trends and accelerated them in a big way. With more businesses moving online and seemingly more consumers than ever buying online and consuming digital content, demand for Fastly's edge cloud services have been robust. Since we're talking about a usage-based operating model, it's easy to see how a company like Fastly can grow at a double-digit pace for a long time to come.\nPerhaps the best thing about Fastly in 2020 was its ability to overcome what would otherwise have seemed like awful news. During the third quarter, TikTok parent ByteDance pulled most of its traffic off of Fastly's network. TikTok was responsible for an eighth of Fastly's revenue through the first half of the year, but was embroiled in a stateside spat with the Trump administration at the time.\nDespite modestly ramping down sales expectations in the third quarter, Fastly still delivered a dollar-based net retention rate (DBNER) of 147% in Q3 and 143% in Q4. Put another way, these DBNER figures tells us that existing clients spent a respective 47% and 43% more than they did in the year-ago quarters for Q3 2020 and Q4 2020. Fastly is much more than just a one-client wonder.\nThe Fastly operating model is also generating considerably more impressive margins over time. Last year, adjusted gross margin jumped 430 basis points to 60.9%, and the company retained 99% of its customers.\nWall Street is looking for Fastly to triple its annual sales over the next four years, which should put it on the radar for all growth stock investors.\n\nImage source: Getty Images.\nSalesforce.com\nAnother growth stock I'd love to add to my portfolio during a Nasdaq crash is cloud-based customer relationship management (CRM) software provider salesforce.com (NYSE:CRM).\nWith each passing year, CRM software is becoming more important and engrained in the business world. It's used by companies to log customer information, handle service issues, management marketing campaigns, and is especially helpful in recommending which clients might be interested in new products or services. It's data-driven and designed to make businesses winners. That makes CRM a no-brainer for service industries, but also extremely useful for manufacturing, finance, and healthcare businesses.\nWhen it comes to CRM software sales, there's salesforce and everyone else. Market share estimates from IDC for the first half of 2020 showed that salesforce controlled nearly 20% of the global CRM market. This compares to No.'s 2 through 5, which didn't even equal salesforce's share on a combined basis. This is a consistent double-digit growth trend, and salesforce is miles ahead of its competition.\nWhat's more, salesforce has an intriguing new growth avenue, assuming its $27.7 billion cash-and-stock deal to buy Slack Technologies (NYSE:WORK) closes. Slack's highly popular enterprise communications platform will allow salesforce to cross-sell its products to a myriad of small and medium-sized businesses. This acquisition will likely help the company sustain a sales growth rate of around 20% annually.\nSalesforce is also very reasonably priced. Whereas most cloud stocks are valued north of 20 times sales, salesforce can be scooped up for less than 8 times forecast sales in 2021.\n\nImage source: Getty Images.\nSea Limited\nA final high-growth stock I'd be champing at the bit to buy if panic-selling pulverized the Nasdaq is Singapore-based Sea Limited (NYSE:SE). Sea is not a cheap company by any means, but a healthy discount from its all-time high could be just what the doctor ordered.\nSea has three rapidly growing operating segments. The one generating the juiciest earnings before interest, taxes, depreciation, and amortization (EBITDA), for now, is its gaming arena. Sea finished the year with over 610 million quarterly active gaming users (up 72%), 73 million of which were paying customers. What's noteworthy here is that the percentage of paying customers rose from 9.4% in Q4 2019 to 12% of total users in Q4 2020. It's certainly possible the pandemic aided these figures, but it's equally as likely that its games are resonating with and entertaining users.\nThe far more exciting aspect of Sea is its e-commerce platform known as Shopee. Even though Shopee has global ambitions, it's predominantly focused on emerging market regions, such as Southeastern Asia. Last year, gross merchandise value on the platform doubled to $35.4 billion, with gross orders totaling 2.8 billion (up 133%). With the middle class still establishing itself in Southeastern Asia, a high double-digit growth rate looks sustainable for Shopee.\nFinally, Sea offers a rapidly growing financial services segment that handled $7.8 billion in payment volume last year and had over 23 million paying mobile wallet users. With the company focusing on emerging markets, some of which are underbanked, a digital wallet could be a game-changer.\nSea is the type of business that could conceivably quadruple its sales by 2024 or 2025. With so much going right for the company, any panic-selling on the Nasdaq should be a green light to buy Sea.","news_type":1},"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570063321997588","authorId":"3570063321997588","name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","crmLevel":6,"crmLevelSwitch":0,"idStr":"3570063321997588","authorIdStr":"3570063321997588"},"content":"Comment on my comment","text":"Comment on my comment","html":"Comment on my comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350499228,"gmtCreate":1616246394864,"gmtModify":1704792449275,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Fb????","listText":"Fb????","text":"Fb????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/350499228","repostId":"1136440314","repostType":4,"repost":{"id":"1136440314","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1616165231,"share":"https://ttm.financial/m/news/1136440314?lang=&edition=fundamental","pubTime":"2021-03-19 22:47","market":"us","language":"en","title":"Facebook rose more than 4%","url":"https://stock-news.laohu8.com/highlight/detail?id=1136440314","media":"Tiger Newspress","summary":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up ","content":"<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</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>Facebook rose more than 4%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook rose more than 4%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-19 22:47</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 19)&nbsp;Facebook rose more than 4%.</p><p><img src=\"https://static.tigerbbs.com/fea58a0f3c9d80d1b9267044a776f39d\" tg-width=\"678\" tg-height=\"520\" referrerpolicy=\"no-referrer\"></p><p></p><p>Facebook&nbsp;is a strong positive outlier in the S&amp;P 500 today,up 4.08%&nbsp;and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.</p><p>Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.</p><p>\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"</p><p>That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.</p><p>Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.</p><p>\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136440314","content_text":"(March 19) Facebook rose more than 4%.Facebook is a strong positive outlier in the S&P 500 today,up 4.08% and gaining (and bouncing back froma slightly decline yesterday) after CEO Mark Zuckerberg looked to change his tune on upcoming privacy changes from Apple.Zuckerberg had increasingly taken an adversarial stance against the big-tech rival, but in a new discussion on audio platform Clubhouse, he said thatFacebook may be better off this way.\"I think the reality is that I'm confident that we're gonna be able to manage through that situation,\" Zuckerberg said. \"And we'll be in a good position. I think it's possible that we may even be in a stronger position.\"That marks a sharp reversal from last summer, when Facebook said Apple's change to unique device IDs couldcut revenues in half for its Audience Network in-app ad business, and Facebook chief Mark Zuckerbergsingled Apple out for criticism in a companywide meeting.Now, Zuckerberg is saying Apple's changes might encourage sellers to use Facebook's commerce products directly.\"Apple's changes encourage more businesses to conduct commerce on our platforms, by making it harder for them to basically use their data in order to find the customers that would want to use their products outside of our platforms,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":99,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889023432,"gmtCreate":1631093581726,"gmtModify":1676530465752,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Good luck","listText":"Good luck","text":"Good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/889023432","repostId":"1175171654","repostType":4,"repost":{"id":"1175171654","pubTimestamp":1631093315,"share":"https://ttm.financial/m/news/1175171654?lang=&edition=fundamental","pubTime":"2021-09-08 17:28","market":"us","language":"en","title":"5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000","url":"https://stock-news.laohu8.com/highlight/detail?id=1175171654","media":"Barron's","summary":"Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than j","content":"<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-trick, or one-stock, pony.</p>\n<p>He has other picks for growth investors as well as a new actively managed ETF: The Future Fund (ticker: FFND), designed to capitalized on 10 megatrends he sees changing the world.</p>\n<p>That fund is only a couple of weeks old. Black has been at the investing game for about 30 years, starting as a research analyst at Bernstein in 1992.</p>\n<p>After Bernstein, Black moved to the buy-side with stints at <a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a> Asset Management, Janus and Aegon, among others. After a brief respite following Aegon, Black jumped into the world of actively managed ETFs.</p>\n<p>He sat down with Barron’s to talk about his new fund, his approach to investing and some of the stocks he’s invested in. An edited version of the conversation follows.</p>\n<p><b>Barron’s: </b>We probably have to start with Tesla (TSLA). How do you value Tesla stock?</p>\n<p><b>Black:</b> I take where I think global [car sales are] going to be in about five years, and I take the EV adoption–it will get to 25% by 2025. This is the big investment controversy on Tesla: As competitors enter the market, can it keep its roughly 25% EV share? If it can, I get about $32 or so of earnings in 2025. And if I even put a 50 multiple on it, which is pretty low given projected 55% average annual earnings growth. I get a $1,600 price. And that’s worth about $1,100 today.</p>\n<p><b>Market share is the big controversy? What about self-driving cars?</b></p>\n<p>Stop saying Tesla has valuation equal to $1,000 a share because of the EV business. And then another $1,000 because of robotaxis.</p>\n<p><b>Tesla robotaxis like Waymo won’t be a thing?</b></p>\n<p>I think you’re going to have commercial robotaxi. And you’re going to have consumer robotaxi.</p>\n<p>Tesla has a head start, but competitors, especially those from <a href=\"https://laohu8.com/S/CAAS\">China</a>, are offering more expensive systems with vision, lidar, radar and HD mapping allowing them to close the gap. Everyone will get there eventually–which Elon has said. Tesla’s features will still let Tesla sell more Teslas.</p>\n<p><b>Why did you start the Future Fund ETF?</b></p>\n<p>Secular growth [is] its cornerstone. We’re looking to capitalize on 10 secular megatrends that are changing the world.</p>\n<p><b>What are they?</b></p>\n<p>They are: [1] 24/7 information and entertainment, [2] social networking, [3] mobility–working from anywhere–[4] e-commerce, [5] fintech innovation, [6] big data and security, [7] people living longer, [8] lifestyle betterment, [9] automation and [10] sustainability. Those are the 10.</p>\n<p>And so what we try to do is find companies that [have] the megatrends as tailwinds. No. 1, we’re looking for high growth, 20% revenue growth. We’re looking for unlevered brands, meaning, brands that are very successful in, say, one segment, and they bring them into other segments, or brands that are successful in one geography, and can go global.</p>\n<p>No. 2, we’re looking for investment controversy. We’re looking for something where there is a fight, and where investors don’t agree. And that’s what creates opportunity.</p>\n<p><b>What’s your research process like?</b></p>\n<p>We go out, and I talk. We talk to a lot of competitors. When I was an analyst, I used to do focus groups. For 2,000 bucks, you could get 10 people in a room, and ask them why they don’t like about Beyond Meat [BYND] versus Impossible [Foods]. We can usually find information that gives me a research edge to answer the controversy.</p>\n<p><b>And how do you build your portfolio?</b></p>\n<p>We want a portfolio that’s high conviction, meaning no more than about 40 names. The top 10 names are about 40% of the portfolio. So that’s high conviction to me.</p>\n<p>We think we have very strong buy and sell discipline. When we put something in the portfolio, we want it to have at least 2:1 risk-adjusted upside versus downside.</p>\n<p><b>What else do you like, besides Tesla?</b></p>\n<p>We have Google [parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> ], which is changing the world. Google is a mega cap stock just like Tesla is. But we think You Tube is 24/7 information and entertainment. YouTube is way undervalued. They’re still monetizing [search]. It has good 15% to 20% revenue growth. At 22 times projected earnings, it’s still [an attractive] price to us.</p>\n<p>Another name we have is <a href=\"https://laohu8.com/S/CMG\">Chipotle Mexican Grill</a> [CMG]. It fits with this megatrend of eating healthy, staying fit. We call it lifestyle betterment. Their product innovation has been superb–they launched these rolled quesadillas, which are going to have monster 15% same-store sales comps for them in the third quarter. It’s a great stock for us. Not cheap. But it has high growth.</p>\n<p><b>How about a couple more?</b></p>\n<p>One of the names that’s controversial we own is Tencent [TCEHY]. It’s one of the largest Internet companies in the world. It has 1.2 billion WeChat users. We believe that Chinese regulatory fears are overdone. Tencent is now trading at about 25 times next year’s earnings. We view it as having probably 20% revenue growth for at least the next few years.</p>\n<p><a href=\"https://laohu8.com/S/GNRC\">Generac</a> [GNRC] is another one. We’ll call it a climate change stock. Because climate change is happening, you have a lot of wildfires. You have a lot of weather patterns that aren’t normal. And in new homes today, one of the most common features that people are putting is a generator.</p>\n<p><b>Can Generac sales be disrupted by battery storage in homes?</b></p>\n<p>Battery and solar powered walls and roofs are still expensive–$40,000. A Generac system starts at $2,000.</p>\n<p><b>One more?</b></p>\n<p>Snap [SNAP] is another name. If you have kids, Snap is one of the [apps] everybody’s using. The ARPU [or average revenue per user] is $13 annually, up about 30% over a year ago. Active users will be up about 20% this year. Do you use Tik Tok?</p>\n<p><b>No.</b></p>\n<p>The biggest risk to Snap is something else comes along that the 18 to 25-year-old crowd wants to use that’s better. And Tik Tok is a disrupter to Snap. But I have kids in this age group, three of them, and they all use Snap.</p>\n<p>The monetization has just begun. The global expansion has just begun. I think you have got at least three or four years of [growth].</p>\n<p>Thanks, Gary.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000</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\">\n5 Stock Ideas From an Investor Who Predicted Tesla Would Rise to $1,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 17:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a one-trick, or one-stock, pony.\nHe has other picks for growth investors as well as a new ...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FFND":"The Future Fund Active ETF","TCEHY":"腾讯控股ADR","TSLA":"特斯拉","GNRC":"Generac控股","SNAP":"Snap Inc"},"source_url":"https://www.barrons.com/articles/stock-ideas-gary-black-tesla-51631058814?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175171654","content_text":"Investors listen to what Gary Black has to say about Tesla. But the investing veteran is more than just a one-trick, or one-stock, pony.\nHe has other picks for growth investors as well as a new actively managed ETF: The Future Fund (ticker: FFND), designed to capitalized on 10 megatrends he sees changing the world.\nThat fund is only a couple of weeks old. Black has been at the investing game for about 30 years, starting as a research analyst at Bernstein in 1992.\nAfter Bernstein, Black moved to the buy-side with stints at Goldman Sachs Asset Management, Janus and Aegon, among others. After a brief respite following Aegon, Black jumped into the world of actively managed ETFs.\nHe sat down with Barron’s to talk about his new fund, his approach to investing and some of the stocks he’s invested in. An edited version of the conversation follows.\nBarron’s: We probably have to start with Tesla (TSLA). How do you value Tesla stock?\nBlack: I take where I think global [car sales are] going to be in about five years, and I take the EV adoption–it will get to 25% by 2025. This is the big investment controversy on Tesla: As competitors enter the market, can it keep its roughly 25% EV share? If it can, I get about $32 or so of earnings in 2025. And if I even put a 50 multiple on it, which is pretty low given projected 55% average annual earnings growth. I get a $1,600 price. And that’s worth about $1,100 today.\nMarket share is the big controversy? What about self-driving cars?\nStop saying Tesla has valuation equal to $1,000 a share because of the EV business. And then another $1,000 because of robotaxis.\nTesla robotaxis like Waymo won’t be a thing?\nI think you’re going to have commercial robotaxi. And you’re going to have consumer robotaxi.\nTesla has a head start, but competitors, especially those from China, are offering more expensive systems with vision, lidar, radar and HD mapping allowing them to close the gap. Everyone will get there eventually–which Elon has said. Tesla’s features will still let Tesla sell more Teslas.\nWhy did you start the Future Fund ETF?\nSecular growth [is] its cornerstone. We’re looking to capitalize on 10 secular megatrends that are changing the world.\nWhat are they?\nThey are: [1] 24/7 information and entertainment, [2] social networking, [3] mobility–working from anywhere–[4] e-commerce, [5] fintech innovation, [6] big data and security, [7] people living longer, [8] lifestyle betterment, [9] automation and [10] sustainability. Those are the 10.\nAnd so what we try to do is find companies that [have] the megatrends as tailwinds. No. 1, we’re looking for high growth, 20% revenue growth. We’re looking for unlevered brands, meaning, brands that are very successful in, say, one segment, and they bring them into other segments, or brands that are successful in one geography, and can go global.\nNo. 2, we’re looking for investment controversy. We’re looking for something where there is a fight, and where investors don’t agree. And that’s what creates opportunity.\nWhat’s your research process like?\nWe go out, and I talk. We talk to a lot of competitors. When I was an analyst, I used to do focus groups. For 2,000 bucks, you could get 10 people in a room, and ask them why they don’t like about Beyond Meat [BYND] versus Impossible [Foods]. We can usually find information that gives me a research edge to answer the controversy.\nAnd how do you build your portfolio?\nWe want a portfolio that’s high conviction, meaning no more than about 40 names. The top 10 names are about 40% of the portfolio. So that’s high conviction to me.\nWe think we have very strong buy and sell discipline. When we put something in the portfolio, we want it to have at least 2:1 risk-adjusted upside versus downside.\nWhat else do you like, besides Tesla?\nWe have Google [parent Alphabet ], which is changing the world. Google is a mega cap stock just like Tesla is. But we think You Tube is 24/7 information and entertainment. YouTube is way undervalued. They’re still monetizing [search]. It has good 15% to 20% revenue growth. At 22 times projected earnings, it’s still [an attractive] price to us.\nAnother name we have is Chipotle Mexican Grill [CMG]. It fits with this megatrend of eating healthy, staying fit. We call it lifestyle betterment. Their product innovation has been superb–they launched these rolled quesadillas, which are going to have monster 15% same-store sales comps for them in the third quarter. It’s a great stock for us. Not cheap. But it has high growth.\nHow about a couple more?\nOne of the names that’s controversial we own is Tencent [TCEHY]. It’s one of the largest Internet companies in the world. It has 1.2 billion WeChat users. We believe that Chinese regulatory fears are overdone. Tencent is now trading at about 25 times next year’s earnings. We view it as having probably 20% revenue growth for at least the next few years.\nGenerac [GNRC] is another one. We’ll call it a climate change stock. Because climate change is happening, you have a lot of wildfires. You have a lot of weather patterns that aren’t normal. And in new homes today, one of the most common features that people are putting is a generator.\nCan Generac sales be disrupted by battery storage in homes?\nBattery and solar powered walls and roofs are still expensive–$40,000. A Generac system starts at $2,000.\nOne more?\nSnap [SNAP] is another name. If you have kids, Snap is one of the [apps] everybody’s using. The ARPU [or average revenue per user] is $13 annually, up about 30% over a year ago. Active users will be up about 20% this year. Do you use Tik Tok?\nNo.\nThe biggest risk to Snap is something else comes along that the 18 to 25-year-old crowd wants to use that’s better. And Tik Tok is a disrupter to Snap. But I have kids in this age group, three of them, and they all use Snap.\nThe monetization has just begun. The global expansion has just begun. I think you have got at least three or four years of [growth].\nThanks, Gary.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":803777695,"gmtCreate":1627469174217,"gmtModify":1703490546285,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"MSFT&nbsp;","listText":"MSFT&nbsp;","text":"MSFT","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/803777695","repostId":"2154405999","repostType":4,"repost":{"id":"2154405999","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1627462897,"share":"https://ttm.financial/m/news/2154405999?lang=&edition=fundamental","pubTime":"2021-07-28 17:01","market":"us","language":"en","title":"8 Stocks To Watch For July 28, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2154405999","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:\n\tWall Street expects  Boeing Co (NYSE: BA) to report quarterly a loss at $0.72 per share on revenue of $17.78 billion before the opening bell. Boeing shares fell 0.6% to $221.00 in after-hours trading.\n","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b>Boeing Co</b> (NYSE:BA) to report quarterly a loss at $0.72 per share on revenue of $17.78 billion before the opening bell. Boeing shares rose 0.6% to $223.65 in premarket trading.</li>\n <li><b>Apple Inc</b> (NASDAQ:AAPL) reported stronger-than-expected results for its third quarter, driven by double-digit growth across its product categories. Apple's flagship product – the iPhone – fetched revenues of $39.57 billion or 48.6% of the total revenues. Apple shares, however, fell 0.9% to $145.42 in premarket trading.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/FB\">Facebook</a>, Inc.</b> (NASDAQ:FB) to post quarterly earnings at $3.02 per share on revenue of $27.82 billion after the closing bell. Facebook shares rose 1.8% to $374.39 in premarket trading.</li>\n <li><b>Alphabet Inc</b> (NASDAQ:GOOGL) reported better-than-expected results for its second quarter on Tuesday. Alphabet shares gained 4% to $2,744.00 in premarket trading.</li>\n</ul>\n<ul>\n <li>Analysts expect <b>Pfizer Inc.</b> (NYSE:PFE) to report quarterly earnings at $0.96 per share on revenue of $18.45 billion before the opening bell. Pfizer shares slipped 0.4% to $41.94 in premarket trading.</li>\n <li><b>Microsoft Corporation</b> (NASDAQ:MSFT) posted upbeat earnings for its fourth quarter on Tuesday. Microsoft shares gained 0.5% to $288.00 in premarket trading.</li>\n <li>Analysts are expecting <b>McDonald's Corp</b> (NYSE:MCD) to have earned $2.08 per share on revenue of $5.53 billion for the latest quarter. The company will release earnings before the markets open. McDonald's shares slipped 0.1% to $246.00 in after-hours trading.</li>\n <li><b>Starbucks Corporation</b> (NASDAQ:SBUX) reported better-than-expected results for its third quarter and raised its FY21 guidance. Starbucks shares, however, fell 2.4% to $123.07 in premarket trading.</li>\n</ul>","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>8 Stocks To Watch For July 28, 2021</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\">\n8 Stocks To Watch For July 28, 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-07-28 17:01</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b>Boeing Co</b> (NYSE:BA) to report quarterly a loss at $0.72 per share on revenue of $17.78 billion before the opening bell. Boeing shares rose 0.6% to $223.65 in premarket trading.</li>\n <li><b>Apple Inc</b> (NASDAQ:AAPL) reported stronger-than-expected results for its third quarter, driven by double-digit growth across its product categories. Apple's flagship product – the iPhone – fetched revenues of $39.57 billion or 48.6% of the total revenues. Apple shares, however, fell 0.9% to $145.42 in premarket trading.</li>\n <li>Analysts expect <b><a href=\"https://laohu8.com/S/FB\">Facebook</a>, Inc.</b> (NASDAQ:FB) to post quarterly earnings at $3.02 per share on revenue of $27.82 billion after the closing bell. Facebook shares rose 1.8% to $374.39 in premarket trading.</li>\n <li><b>Alphabet Inc</b> (NASDAQ:GOOGL) reported better-than-expected results for its second quarter on Tuesday. Alphabet shares gained 4% to $2,744.00 in premarket trading.</li>\n</ul>\n<ul>\n <li>Analysts expect <b>Pfizer Inc.</b> (NYSE:PFE) to report quarterly earnings at $0.96 per share on revenue of $18.45 billion before the opening bell. Pfizer shares slipped 0.4% to $41.94 in premarket trading.</li>\n <li><b>Microsoft Corporation</b> (NASDAQ:MSFT) posted upbeat earnings for its fourth quarter on Tuesday. Microsoft shares gained 0.5% to $288.00 in premarket trading.</li>\n <li>Analysts are expecting <b>McDonald's Corp</b> (NYSE:MCD) to have earned $2.08 per share on revenue of $5.53 billion for the latest quarter. The company will release earnings before the markets open. McDonald's shares slipped 0.1% to $246.00 in after-hours trading.</li>\n <li><b>Starbucks Corporation</b> (NASDAQ:SBUX) reported better-than-expected results for its third quarter and raised its FY21 guidance. Starbucks shares, however, fell 2.4% to $123.07 in premarket trading.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","PFE":"辉瑞","MSFT":"微软","MCD":"麦当劳","SBUX":"星巴克","BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2154405999","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Boeing Co (NYSE:BA) to report quarterly a loss at $0.72 per share on revenue of $17.78 billion before the opening bell. Boeing shares rose 0.6% to $223.65 in premarket trading.\nApple Inc (NASDAQ:AAPL) reported stronger-than-expected results for its third quarter, driven by double-digit growth across its product categories. Apple's flagship product – the iPhone – fetched revenues of $39.57 billion or 48.6% of the total revenues. Apple shares, however, fell 0.9% to $145.42 in premarket trading.\nAnalysts expect Facebook, Inc. (NASDAQ:FB) to post quarterly earnings at $3.02 per share on revenue of $27.82 billion after the closing bell. Facebook shares rose 1.8% to $374.39 in premarket trading.\nAlphabet Inc (NASDAQ:GOOGL) reported better-than-expected results for its second quarter on Tuesday. Alphabet shares gained 4% to $2,744.00 in premarket trading.\n\n\nAnalysts expect Pfizer Inc. (NYSE:PFE) to report quarterly earnings at $0.96 per share on revenue of $18.45 billion before the opening bell. Pfizer shares slipped 0.4% to $41.94 in premarket trading.\nMicrosoft Corporation (NASDAQ:MSFT) posted upbeat earnings for its fourth quarter on Tuesday. Microsoft shares gained 0.5% to $288.00 in premarket trading.\nAnalysts are expecting McDonald's Corp (NYSE:MCD) to have earned $2.08 per share on revenue of $5.53 billion for the latest quarter. The company will release earnings before the markets open. McDonald's shares slipped 0.1% to $246.00 in after-hours trading.\nStarbucks Corporation (NASDAQ:SBUX) reported better-than-expected results for its third quarter and raised its FY21 guidance. Starbucks shares, however, fell 2.4% to $123.07 in premarket trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148483499,"gmtCreate":1626005143811,"gmtModify":1703751844444,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"AMC??","listText":"AMC??","text":"AMC??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148483499","repostId":"1112201050","repostType":4,"repost":{"id":"1112201050","pubTimestamp":1625966101,"share":"https://ttm.financial/m/news/1112201050?lang=&edition=fundamental","pubTime":"2021-07-11 09:15","market":"us","language":"en","title":"The Meme Stock Trade Is Far From Over. What Investors Need to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1112201050","media":"Barrons","summary":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the de","content":"<p>It seemed to be only a matter of time.</p>\n<p>When GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?</p>\n<p>It has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like&nbsp;Clover Health Investments(CLOV) and&nbsp;Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.</p>\n<p>The collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.</p>\n<p>That is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.</p>\n<p>While trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in&nbsp;AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than&nbsp;Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.</p>\n<p>Even as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.</p>\n<p>A sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.</p>\n<p><img src=\"https://static.tigerbbs.com/25a79e71371c165f9a3a5085931fc487\" tg-width=\"979\" tg-height=\"649\"></p>\n<p>“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to&nbsp;Barron’s.</p>\n<p>The meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.</p>\n<p>Meme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent&nbsp;Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/167386c6881a258922ad62caaf7a05f4\" tg-width=\"971\" tg-height=\"644\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8e29e3041b91070252ab9063d1a11fa2\" tg-width=\"975\" tg-height=\"642\"><img src=\"https://static.tigerbbs.com/f9cc1c0bd6368721c0eca87e25719f16\" tg-width=\"964\" tg-height=\"641\"></p>\n<p>The most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.</p>\n<p>Under pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.</p>\n<p>These new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”</p>\n<p>To be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.</p>\n<p>But ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.</p>\n<p>“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.</p>\n<p>“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.</p>\n<p>Sosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.</p>\n<p>Indeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.</p>\n<p>But Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.</p>\n<p><img src=\"https://static.tigerbbs.com/710e642d3b685b74f8c9dcaf46ef3e0b\" tg-width=\"968\" tg-height=\"643\"></p>\n<p>“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”</p>\n<p>The swings you get can definitely make you feel some sort of way.</p>\n<p>— Matt Kohrs, 26, who streams stock analysis daily on YouTube</p>\n<p>It is now changing the lives of those who got in early and are still riding the names higher.</p>\n<p>Take Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming&nbsp;stock analysis on YouTube&nbsp;for seven hours a day.</p>\n<p>With 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.</p>\n<p>“The swings you get can definitely make you feel some sort of way,” he says.</p>\n<p>Companies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.</p>\n<p>AMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.</p>\n<p>Forget the boardroom. Corporate policy is now being determined in the chat room.</p>\n<p>Big investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.</p>\n<p>In the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.</p>\n<p>There can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.</p>\n<p>For now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.</p>\n<p>For retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.</p>\n<p>New investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.</p>\n<p>“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”</p>\n<p>Claire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”</p>\n<p>Just like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.</p>\n<p>The new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.</p>\n<p>The group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/75d79c78a14cc8f297e17397cc54bdb5\" tg-width=\"1260\" tg-height=\"840\"><span>Keith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.</span></p>\n<p>Many short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.</p>\n<p>As the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”</p>\n<p>To beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath &amp; Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.</p>\n<p>Distrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.</p>\n<p>Travis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.</p>\n<p>“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from&nbsp;Barron’s&nbsp;for comment.</p>\n<p>“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.</p>\n<p>The Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.</p>\n<p>Regulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”</p>\n<p>Traditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.</p>\n<p>In one form or another, this is the future client base of Wall Street.</p>\n<p>Arizona State University professor Hendrik Bessembinder published groundbreaking&nbsp;research&nbsp;in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.</p>\n<p>Even so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”</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>The Meme Stock Trade Is Far From Over. What Investors Need to Know.</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\">\nThe Meme Stock Trade Is Far From Over. What Investors Need to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-11 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","NEGG":"Newegg Comm Inc.","MRIN":"Marin Software Inc.","WKHS":"Workhorse Group, Inc.","SCHW":"嘉信理财","BBBY":"3B家居","BB":"黑莓","CLOV":"Clover Health Corp","CARV":"卡弗储蓄","GME":"游戏驿站"},"source_url":"https://www.barrons.com/articles/the-meme-stock-trade-is-far-from-over-what-investors-need-to-know-51625875247?mod=hp_HERO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112201050","content_text":"It seemed to be only a matter of time.\nWhen GameStop (ticker: GME), BlackBerry (BB), and even the desiccated carcass of Blockbuster suddenly sprang to life in January, the clock was already ticking for when they would crash again. Would it be hours, days, or weeks?\nIt has now been half a year, and the core “meme stocks” are still trading at levels considered outrageous by people who have studied them for years. New names like Clover Health Investments(CLOV) and Newegg Commerce(NEGG) have recently popped up on message boards, and their stocks have popped, too.\nThe collective efforts of millions of retail traders—long derided as “the dumb money”—have successfully held stocks aloft and forced naysayers to capitulate.\nThat is true even as the companies they are betting on have shown scant signs of transforming their businesses, or turning profits that might justify their valuations. BlackBerry burned cash in its latest quarter and warned that its key cybersecurity division would hit the low end of its revenue guidance; the stock dipped on the news but has still more than doubled in the past year.\nWhile trading volume at the big brokers has come down slightly from its February peak, it remains two to three times as high as it was before the pandemic. And a startling amount of that activity is occurring in stocks favored by retail traders. The average daily value of shares traded in AMC Entertainment Holdings(AMC), for example, reached $13.1 billion in June, more than Apple’s(AAPL) $9.5 billion and Amazon.com’s (AMZN) $10.3 billion.\nEven as the coronavirus fades in the U.S., most new traders say they are committed to the hobby they learned during lockdown—58% of day traders in a Betterment survey said they are planning to trade even more in the future, and only 12% plan to trade less. Amateur pandemic bakers have stopped kneading sourdough loaves; traders are only getting hungrier.\nA sustained bear market would spoil such an appetite, as it did when the dot-com bubble burst. For now, dips are reasons to hold or buy.\n\n“I’ve seen that the ‘buy the dip’ sentiment hasn’t relented for a moment,” wrote Brandon Luczek, an electronics technician for the U.S. Navy who trades with friends online, in an email to Barron’s.\nThe meme stock surge has been propelled by a rise in trading by retail investors. In 2020, online brokers signed clients at a record pace, with more than 10 million people opening new accounts. That record will almost certainly be broken in 2021. Brokers had already added more than 10 million accounts less than halfway into the year, some of the top firms have disclosed.\nMeme stocks are both the cart and the horse of this phenomenon. Their sudden price spikes are driven by new investors, and then that action drives even more new people to invest. Millions of people downloaded investing apps in late January and early February just to be a part of the fun. A recent Charles Schwab(SCHW) survey found that 15% of all current traders began investing after 2020.\n\nThe most prominent player in the surge is Robinhood, which said it had added 5.5 million funded accounts in the first quarter alone. But it isn’t alone. Fidelity, for instance, announced that it had attracted 1.6 million new customers under the age of 35 in the first quarter, 223% more than a year before.\nUnder pressure from Robinhood’s zero-commission model, all of the major brokers cut commissions to zero in 2019. That opened the floodgates to a new group of customers—one that may not have as much spare cash to trade but is more active and diverse than its predecessors. And the brokers are cashing in. Fidelity is hoping to attract investors before they even have driver’s licenses, allowing children as young as 13 to open trading accounts. Robinhood is riding the momentum to an initial public offering that analysts expect to value it at more than 10 times its revenue.\nThese new customers act differently than their older peers. For years, there was a “big gravitation toward ETFs,” says Chris Larkin, head of trading at E*Trade, which is now owned by Morgan Stanley (MS). But picking single stocks is clearly “the big story of 2021.”\nTo be sure, equity exchange-traded funds are still doing well, as investors around the world bet on the pandemic recovery and avoid weak bond yields.\nBut ETFs don’t light up the message boards like stocks do. Not that it has been a one-way ride for the top names. GameStop did dip in February, and Wall Street enjoyed a moment of schadenfreude. It didn’t last.\n“Like cicadas, meme traders returned in a wild blaze of activity after being seemingly underground for several months,” wrote Steve Sosnick, chief strategist at Interactive Brokers. Sosnick believes that the meme stocks tend to trade inversely to cryptocurrencies, because their fans rotate from one to the other as the momentum shifts.\n“I don’t think it’s strictly a coincidence that meme stocks roared back to life after a significant correction in Bitcoin and other cryptocurrencies,” he wrote.\nSosnick considers meme stocks a “sector unto themselves,” one that he segregates on his computer monitor away from other stock tickers.\nIndeed, Wall Street’s reaction to the meme stock revolution has been to isolate the parts of the market that the pros deem irrational. Most short sellers won’t touch the stocks, and analysts are dropping coverage.\nBut Wall Street can’t swat the retail army away like cicadas, or count on them disappearing for the next 17 years. Stock trading has permanently shifted. This year, retail activity accounts for 24% of equity volume, up from 15% in 2019. Adherents to the new creed are not passive observers willing to let Wall Street manage the markets.\n\n“What this really reflects is a reversal of the trends that we saw toward less and less engagement with individual companies,” says Joshua Mitts, a professor at Columbia Law School specializing in securities markets. “Technology is bringing the average investor closer to the companies in which he or she invests, and that’s just taking on new and unpredictable forms.”\nThe swings you get can definitely make you feel some sort of way.\n— Matt Kohrs, 26, who streams stock analysis daily on YouTube\nIt is now changing the lives of those who got in early and are still riding the names higher.\nTake Matt Kohrs, who had invested in AMC Entertainment early. He quit his job as a programmer in New York in February, moved to Philadelphia, and started streaming stock analysis on YouTube for seven hours a day.\nWith 350,000 YouTube followers, it’s paying the bills. With his earnings from ads and from the stock, Kohrs says he can pull down roughly the same salary he made before. But he also knows that relying on earnings from stocks like this is nothing like a 9-to-5 job.\n“The swings you get can definitely make you feel some sort of way,” he says.\nCompanies are starting to react more aggressively, too. They are either embracing their new owners or paying meme-ologists to understand the emoji-filled language of the new Wall Street so they can ward them off or appease them.\nAMC even canceled a proposed equity raise this past week because the company apparently didn’t like the vibes it was getting from the Reddit crowd. AMC has already quintupled its share count over the past year. CEO Adam Aron tweeted that he had seen “many yes, many no” reactions to his proposal to issue 25 million more shares, so it will be canceled instead of being presented for a vote at AMC’s annual meeting later this month. The company did not respond to a question on how it had polled shareholders.\nForget the boardroom. Corporate policy is now being determined in the chat room.\nBig investors are spending more time tracking social-media discussions about stocks. Bank of America found in a survey this year that about 25% of institutions had already been tracking social-media sentiment, but that about 40% are interested in using it going forward.\nIn the past few months, Bank of America, Morgan Stanley, and J.P. Morgan have all produced reports on how to trade around the retail action, coming to somewhat different conclusions.\nThere can be “alpha in the signal,” as Morgan Stanley put it, but it can take some intense number-crunching to get there. Not all message-board chatter leads to sustained price gains, of course, and retail order flow cannot easily be separated from institutional flow without substantial data analysis. For investors with the tools to pinpoint which stocks retail investors are buying and which they are selling, J.P. Morgan suggests going long on the 20% of stocks with the most buying interest and short on the top 20% in selling interest.\nFor now, many of the institutions buying data on social-media sentiment appear to be trying to reduce their risks, as opposed to scouting new opportunities, according to Boris Spiwak of alternative data firm Thinknum, which offers products that track social-media sentiment. “They see it as almost like an insurance policy, to limit their downside risks,” he says.\nFor retail traders, the method isn’t always scientific. The action is sustained by a community ethos. And the force behind it is as much emotional and moral as financial.\nNew investors say they are motivated by a desire to prove themselves and punish the old guard as much as by profits. They learn from one another about the market, sometimes amplifying or debunking conspiracy theories about Wall Street. Some link the meme-stock movement to continued mistrust of big financial institutions stemming from the 2008 financial crisis.\n“Wall Street brought our economy to its knees, and no one ever got in trouble for it,” says the 26-year-old Kohrs. “So, I think they view this as not only can we make money, but we can also make these hedge funds on Wall Street pay.”\nClaire Hirschberg is a 28-year-old union organizer who bought about $50 worth of GameStop stock on Robinhood in January after hearing about it from friends. She liked the idea, but what really got her excited about it was the reaction of her father, a longtime money manager. “He was so mad I had bought GameStop and was refusing to sell,” she says, laughing. “And that just makes me want to hold it forever.”\nJust like old Wall Street has rituals and codes, the new one does, too. A new investment banking employee learns quickly that you don’t wear a Ferragamo tie until after you make associate. You never leave the office until the managing director does, and you don’t complain about the hours. And the bad guys are the regulators and Sen. Elizabeth Warren, and not in that order.\nThe new trading desk—the apps that millions of retail traders now use and the message boards where they congregate—have unspoken rules, too. Publicly acknowledging financial losses is a valiant act, evidence of internal fortitude and belief in the group. You don’t take yourself seriously and you don’t police language. You are part of an army of “apes” or “retards.” You hold through the crashes, even if it means you might lose everything. And the bad guys are the short sellers, the market makers, and the Wall Street elites, in that order.\nThe group action is not just for moral support. The trading strategy depends on people keeping up the buying pressure to force a short squeeze or to buy bullish options that trigger what’s known as a gamma squeeze.\nKeith Gill became the face of the Reddit army of retail traders pushing shares of GameStop higher when he appeared virtually before a House Financial Services Committee hearing in February.\nMany short sellers say they won’t touch these stocks anymore. But clearly, others aren’t taking that advice and are giving the meme movement oxygen by repeatedly betting against the stocks. AMC’s short interest was at 17% of the stock’s float in mid-June, down from 28% in January, but not by much.\nAs the price rises, the shorts can’t help themselves. They start “drooling, with flames coming out of their ears,” says Michael Pachter, a Wedbush Securities analyst who has covered GameStop for years. “What’s kind of shocked me is the definition of insanity, which is doing the same thing over and over and over again and hoping for a different outcome each time, and the shorts keep coming back,” he says. “And [GameStop bull] Keith Gill and his Reddit raiders keep squeezing them, and it keeps working.”\nTo beat the short sellers, the Reddit crowd needs to hold together, but the community has been showing cracks at times. The two meme stocks with the most determined fan bases—GameStop and AMC—still have enormous armies of core believers who do not seem easily swayed. But other names seem to have more-fickle backers. Several stocks caught up in the meme madness have come crashing down to earth.Bed Bath & Beyond(BBBY) spiked twice—in late January and early June—but now trades only slightly above its mid-January levels. People who bought during the upswings have lost money.\nDistrust has spread, and some traders worry that wallstreetbets— the original Reddit message board that inspired the GameStop frenzy—has grown so fast that it has lost its original spirit, and potentially grown vulnerable to manipulation. Some have moved to other message boards, like r/superstonk, in hopes of reclaiming the old community’s flavor.\nTravis Rehl, the founder of social-media tracking company Hype Equity, says that he tries to separate possible manipulators from more organic investor sentiment. Hype Equity is usually hired by public-relations firms representing companies that are being talked about online, he says. Now, he sees a growing trend of stocks that suddenly come up on message boards, receive positive chatter, and then disappear.\n“It’s called into question what is a true discussion versus what is something that somebody just wants to pump,” he says. The moderators of wallstreetbets forbid market manipulation on the platform, and Rehl say they appear to work hard to police misinformation. The moderators did not respond to a request from Barron’s for comment.\n“If you can create enough buzz to get a stock that goes up 10%, 20%, even 50% in a short period of time, there’s a tremendous incentive to do that,” Sosnick says.\nThe Securities and Exchange Commission is watching for funny business on the message boards. SEC Chairman Gary Gensler and some members of Congress have discussed changing market rules with the intention of adding transparency protecting retail traders—although changes could also anger the retail crowd if they slow down trading or make it more expensive.\nRegulations aren’t the only thing that could deflate this trend. Dan Egan, vice president of behavioral finance and investing at fintech Betterment, thinks the momentum may run out of steam in September. Even “apes” have responsibilities. “Kids start going back to schools; parents are free to go to work again,” he says. “That’s the next time there’s going to be some oxygen pulled out of the room.”\nTraditional investors may be tempted to write off the entire phenomenon as temporary madness inspired by lockdowns and free government money. But that would be a mistake. If zero-commission brokerages and fun with GameStop broke down barriers for millions of new investors to open accounts, it’s almost certainly a good thing, as long as most people bet with money they don’t need immediately. Many new retail traders say they are teaching themselves how to trade, and have begun to diversify their holdings.\nIn one form or another, this is the future client base of Wall Street.\nArizona State University professor Hendrik Bessembinder published groundbreaking research in 2018 that found that “a randomly selected stock in a randomly selected month is more likely to lose money than make money.” In short, picking single stocks and holding a concentrated portfolio tends to be a losing strategy.\nEven so, he’s encouraged by the new wave of trading. “I welcome the increase in retail trading, the idea of the stock market being a place with wide participation,” Bessembinder says. “Economists can’t tell people they shouldn’t get some fun.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157056297,"gmtCreate":1625556992619,"gmtModify":1703743624004,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"CRM??","listText":"CRM??","text":"CRM??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157056297","repostId":"2149033827","repostType":4,"repost":{"id":"2149033827","pubTimestamp":1625542083,"share":"https://ttm.financial/m/news/2149033827?lang=&edition=fundamental","pubTime":"2021-07-06 11:28","market":"us","language":"en","title":"3 Top Stocks That'll Make You Richer in the Second Half of 2021 (and Beyond)","url":"https://stock-news.laohu8.com/highlight/detail?id=2149033827","media":"Motley Fool","summary":"This mix of growth and value stocks can make investors a boatload of money.","content":"<p>If there's one lesson the stock market is always willing to teach, it's that patience pays off. Despite navigating its way through the Black Monday crash in 1987, the dot-com bubble, the Great Recession, and the coronavirus crash, the benchmark <b>S&amp;P 500</b> has delivered an average annual total return of more than 11% since the beginning of 1980.</p>\n<p>Patience can pay off for you, as well, if you put your money to work in game-changing businesses and allow your investment thesis to play out over time. As we move into the second-half of 2021, the following trio of top stocks has the potential to make you a lot richer.<img src=\"https://static.tigerbbs.com/eb8db31ebee93b248d65ac685c65dbac\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2><a href=\"https://laohu8.com/S/CRM\">Salesforce</a></h2>\n<p>If growth stocks tickle your fancy, <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the best investments you can make right now for the second half of 2021, and well beyond, is cloud-based customer relationship management (CRM) software provider <b>salesforce.com</b> (NYSE:CRM).</p>\n<p>CRM software is used by consumer-facing businesses to optimize interactions and sales. It helps with real-time information logging, overseeing service and product issues, managing online marketing campaigns, and can offer predictive analysis of what existing clients might buy a new product or service. It's a sustainable double-digit growth opportunity that's been a no-brainer tool used by service-oriented industries, but is becoming more widely used by healthcare, financial, and industrial companies.</p>\n<p>Salesforce is the king of the mountain when it comes to cloud-based CRM. According to estimates from IDC, salesforce nearly controlled 20% of global CRM revenue share in the first-half of 2020. That nearly quadruples its next-closest competitor, and it <i>is</i> more than the four closest competitors, combined.</p>\n<p>In addition to growing its business organically, salesforce has a rich history of making smart acquisitions. Some of its most successful include purchasing Tableau Software in 2019, and MuleSoft in 2018. The latter is responsible for powering the Salesforce Integration Cloud, while the former is a data treasure trove that helps businesses gain a deeper understanding of their customers.</p>\n<p>The newest deal, tallying $27.7 billion, is for cloud-based enterprise communications platform <b><a href=\"https://laohu8.com/S/WORK\">Slack Technologies</a></b>. This deal will allow the company to cross-sell its suite of CRM support solutions to Slack's bevy of small-and-medium-sized businesses.</p>\n<p>This combination of market share dominance, organic growth, and acquisitions has salesforce growing at 20% or more annually. Per CEO Marc Benioff, salesforce is on track to hit a goal of $50 billion in annual sales by fiscal 2026 (up from $21.3 billion in fiscal 2021). This is growth and dominance investors can trust.</p>\n<p><img src=\"https://static.tigerbbs.com/37d129c37c1dfcde03e04fddc2f9a834\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>SSR Mining</h2>\n<p>Don't worry, value investors, I haven't forgotten about you. A second top stock that can make you a lot richer in the latter half of 2021 (and beyond) is precious-metal miner <b>SSR Mining</b> (NASDAQ:SSRM).</p>\n<p>Roughly 10 years ago, gold and silver were soaring and precious-metal miners were liberally spending on new projects, existing mine expansions, and acquisitions. After the price of gold peaked, many were left with less-than-stellar balance sheets. That's not been the case with SSR Mining.</p>\n<p>Last year, SSR completed a merger of equals with Turkey's Alacer Gold. This effectively combined SSR's Marigold and Seabee gold mines, and its silver-producing Puna operations in Argentina, with Alacer's Copler gold mine. Altogether, these four producing assets should yield between 700,000 gold equivalent ounces (GEO) and 800,000 GEO annually for the next five years, if not longer. Prior to the deal, SSR was producing a little north of 400,000 GEO annually.</p>\n<p>Here's the thing: Whereas most gold stocks have scrambled to pay down debt, SSR is sitting on a net cash balance of around $400 million, as of the end of March 2021. The roughly $450 million the company is expecting to generate in annual free cash flow has allowed it to begin paying a $0.05 quarterly dividend, as well as institute a $150 million share buyback program.</p>\n<p>In addition to improved output, a dividend, and a share buyback program, SSR Mining should benefit from stronger precious-metal prices. The Federal Reserve continues to hold off on raising historically low lending rates, while the prospect for longer-term inflation is climbing. Both scenarios point to investors continuing to flock to gold as a potential store of value.</p>\n<p>Just how cheap is SSR Mining? Shares can currently be purchased for less than 9 times Wall Street's forward-year earnings estimate. Even more telling, SSR is valued at a multiple of 5 times this year's estimated cash flow, which implies a significant discount to a fair valuation, which I'd peg as closer to 10 times cash flow.</p>\n<p><img src=\"https://static.tigerbbs.com/de67cc325c8403c33a12cc0935dcf46f\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h2>Trulieve Cannabis</h2>\n<p>A third company that can make investors richer in the second half of 2021 is marijuana stock <b>Trulieve Cannabis</b> (OTC:TCNNF).</p>\n<p>There's no question that cannabis is a sustainable double-digit growth opportunity. But considering the regulatory issues and atrocious balance sheets that accompany most Canadian pot stocks, the U.S. is the smart way to play the cannabis craze. By mid-decade, the U.S. could be bringing in more than $41 billion in annual weed sales, per <a href=\"https://laohu8.com/S/NFC.U\">New Frontier</a> Data.</p>\n<p>What makes multistate operator (MSO) Trulieve so special is how the company has chosen to expand. Many large MSOs have opened retail, cultivation, and processing facilities in as many legalized states as reasonable. As for Trulieve, it has 91 operational retail locations in the U.S., 85 of which are located in medical marijuana-legal Florida. That's right -- it's opened 85 dispensaries in a single state.</p>\n<p>How's that worked out? By blanketing the Sunshine State, Trulieve Cannabis has been able to gobble up 53% of Florida's dried cannabis market share and 49% of its higher-margin cannabinoid oils share. In other words, the company has effectively built up its brand and a loyal customer following without having to break the bank with its marketing budget. As a result, it recently reported its 13th consecutive profitable quarter.</p>\n<p>In May, we learned that the next chapter for Trulieve will entail taking its blueprint to new markets. On May 10, it announced a $2.1 billion deal to acquire MSO <b>Harvest Health &amp; Recreation</b> (OTC:HRVSF). Harvest Health has a five-state focus, one of which includes Florida. Thus, Trulieve will soon have an even larger presence in the Sunshine State. But the big driver of this deal is Harvest's 15 operational dispensaries in Arizona, which legalized adult-use cannabis in November and began sales in January. Nothing would stop Trulieve from becoming a dominant force in Arizona's potential billion-dollar weed market.</p>\n<p>With its rich history of profitability and stunning growth potential, Trulieve Cannabis checks all the right boxes to be a moneymaker for investors.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Top Stocks That'll Make You Richer in the Second Half of 2021 (and Beyond)</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Top Stocks That'll Make You Richer in the Second Half of 2021 (and Beyond)\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 11:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/05/3-top-stocks-make-you-richer-second-half-of-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>If there's one lesson the stock market is always willing to teach, it's that patience pays off. Despite navigating its way through the Black Monday crash in 1987, the dot-com bubble, the Great ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/05/3-top-stocks-make-you-richer-second-half-of-2021/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TCNNF":"Trulieve Cannabis Corporation","CRM":"赛富时","SSRM":"SSR Mining Inc"},"source_url":"https://www.fool.com/investing/2021/07/05/3-top-stocks-make-you-richer-second-half-of-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149033827","content_text":"If there's one lesson the stock market is always willing to teach, it's that patience pays off. Despite navigating its way through the Black Monday crash in 1987, the dot-com bubble, the Great Recession, and the coronavirus crash, the benchmark S&P 500 has delivered an average annual total return of more than 11% since the beginning of 1980.\nPatience can pay off for you, as well, if you put your money to work in game-changing businesses and allow your investment thesis to play out over time. As we move into the second-half of 2021, the following trio of top stocks has the potential to make you a lot richer.\nImage source: Getty Images.\nSalesforce\nIf growth stocks tickle your fancy, one of the best investments you can make right now for the second half of 2021, and well beyond, is cloud-based customer relationship management (CRM) software provider salesforce.com (NYSE:CRM).\nCRM software is used by consumer-facing businesses to optimize interactions and sales. It helps with real-time information logging, overseeing service and product issues, managing online marketing campaigns, and can offer predictive analysis of what existing clients might buy a new product or service. It's a sustainable double-digit growth opportunity that's been a no-brainer tool used by service-oriented industries, but is becoming more widely used by healthcare, financial, and industrial companies.\nSalesforce is the king of the mountain when it comes to cloud-based CRM. According to estimates from IDC, salesforce nearly controlled 20% of global CRM revenue share in the first-half of 2020. That nearly quadruples its next-closest competitor, and it is more than the four closest competitors, combined.\nIn addition to growing its business organically, salesforce has a rich history of making smart acquisitions. Some of its most successful include purchasing Tableau Software in 2019, and MuleSoft in 2018. The latter is responsible for powering the Salesforce Integration Cloud, while the former is a data treasure trove that helps businesses gain a deeper understanding of their customers.\nThe newest deal, tallying $27.7 billion, is for cloud-based enterprise communications platform Slack Technologies. This deal will allow the company to cross-sell its suite of CRM support solutions to Slack's bevy of small-and-medium-sized businesses.\nThis combination of market share dominance, organic growth, and acquisitions has salesforce growing at 20% or more annually. Per CEO Marc Benioff, salesforce is on track to hit a goal of $50 billion in annual sales by fiscal 2026 (up from $21.3 billion in fiscal 2021). This is growth and dominance investors can trust.\n\nImage source: Getty Images.\nSSR Mining\nDon't worry, value investors, I haven't forgotten about you. A second top stock that can make you a lot richer in the latter half of 2021 (and beyond) is precious-metal miner SSR Mining (NASDAQ:SSRM).\nRoughly 10 years ago, gold and silver were soaring and precious-metal miners were liberally spending on new projects, existing mine expansions, and acquisitions. After the price of gold peaked, many were left with less-than-stellar balance sheets. That's not been the case with SSR Mining.\nLast year, SSR completed a merger of equals with Turkey's Alacer Gold. This effectively combined SSR's Marigold and Seabee gold mines, and its silver-producing Puna operations in Argentina, with Alacer's Copler gold mine. Altogether, these four producing assets should yield between 700,000 gold equivalent ounces (GEO) and 800,000 GEO annually for the next five years, if not longer. Prior to the deal, SSR was producing a little north of 400,000 GEO annually.\nHere's the thing: Whereas most gold stocks have scrambled to pay down debt, SSR is sitting on a net cash balance of around $400 million, as of the end of March 2021. The roughly $450 million the company is expecting to generate in annual free cash flow has allowed it to begin paying a $0.05 quarterly dividend, as well as institute a $150 million share buyback program.\nIn addition to improved output, a dividend, and a share buyback program, SSR Mining should benefit from stronger precious-metal prices. The Federal Reserve continues to hold off on raising historically low lending rates, while the prospect for longer-term inflation is climbing. Both scenarios point to investors continuing to flock to gold as a potential store of value.\nJust how cheap is SSR Mining? Shares can currently be purchased for less than 9 times Wall Street's forward-year earnings estimate. Even more telling, SSR is valued at a multiple of 5 times this year's estimated cash flow, which implies a significant discount to a fair valuation, which I'd peg as closer to 10 times cash flow.\n\nImage source: Getty Images.\nTrulieve Cannabis\nA third company that can make investors richer in the second half of 2021 is marijuana stock Trulieve Cannabis (OTC:TCNNF).\nThere's no question that cannabis is a sustainable double-digit growth opportunity. But considering the regulatory issues and atrocious balance sheets that accompany most Canadian pot stocks, the U.S. is the smart way to play the cannabis craze. By mid-decade, the U.S. could be bringing in more than $41 billion in annual weed sales, per New Frontier Data.\nWhat makes multistate operator (MSO) Trulieve so special is how the company has chosen to expand. Many large MSOs have opened retail, cultivation, and processing facilities in as many legalized states as reasonable. As for Trulieve, it has 91 operational retail locations in the U.S., 85 of which are located in medical marijuana-legal Florida. That's right -- it's opened 85 dispensaries in a single state.\nHow's that worked out? By blanketing the Sunshine State, Trulieve Cannabis has been able to gobble up 53% of Florida's dried cannabis market share and 49% of its higher-margin cannabinoid oils share. In other words, the company has effectively built up its brand and a loyal customer following without having to break the bank with its marketing budget. As a result, it recently reported its 13th consecutive profitable quarter.\nIn May, we learned that the next chapter for Trulieve will entail taking its blueprint to new markets. On May 10, it announced a $2.1 billion deal to acquire MSO Harvest Health & Recreation (OTC:HRVSF). Harvest Health has a five-state focus, one of which includes Florida. Thus, Trulieve will soon have an even larger presence in the Sunshine State. But the big driver of this deal is Harvest's 15 operational dispensaries in Arizona, which legalized adult-use cannabis in November and began sales in January. Nothing would stop Trulieve from becoming a dominant force in Arizona's potential billion-dollar weed market.\nWith its rich history of profitability and stunning growth potential, Trulieve Cannabis checks all the right boxes to be a moneymaker for investors.","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153792592,"gmtCreate":1625048436916,"gmtModify":1703734827162,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Tesla","listText":"Tesla","text":"Tesla","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/153792592","repostId":"1150186389","repostType":4,"repost":{"id":"1150186389","pubTimestamp":1625044819,"share":"https://ttm.financial/m/news/1150186389?lang=&edition=fundamental","pubTime":"2021-06-30 17:20","market":"us","language":"en","title":"Which of the 10 Most Talked About Reddit Stocks Is Worth a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1150186389","media":"InvestorPlace","summary":"Like all investments, there are good Reddit stocks, and bad ones\nSource: Marcus Krauss / Shutterstoc","content":"<p>Like all investments, there are good Reddit stocks, and bad ones</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/753e957cac964de085fbdea1b1aa30a1\" tg-width=\"1024\" tg-height=\"576\"><span>Source: Marcus Krauss / Shutterstock.com</span></p>\n<p>I must admit, when I was given this assignment my first thought was I’m the last guy to be talking about Reddit stocks. I think the attention being paid to Reddit and meme stocks is a bunch of hokum.</p>\n<p>The arguments abound whether the meme stock frenzy is&nbsp;a permanent part of the investing landscape.</p>\n<p>“This is not going to end well,” Former E*Trade CEO Karl Roessner told<i>CNBC</i>in early June while discussing the AMC rally. “I think historically we’ve seen this in the past, but I do believethis grouphas staying power.”</p>\n<p>However, if you’re a value investor, the mere presence of this kind of retail investor is music to your ears. While the sheep are out buying&nbsp;<b>GameStop</b>(NYSE:<b><u>GME</u></b>), you can pick up shares in some of America’s better companies that trade at a discount.</p>\n<p>That’s not easy when the&nbsp;Cyclically Adjusted PE Ratio&nbsp;(CAPE) of 38.11 is at the second-highest level on record — the highest was in December 1999 — with no end in sight to the multiple’s upward trajectory.</p>\n<p>With that in mind, I’ve rated the&nbsp;top 10 Reddit stocks— based on the number of comments made on r/WallStreetBets — from best to worst as a long-term buy:</p>\n<ul>\n <li><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>)</li>\n <li><b>KB Home</b>(NYSE:<b><u>KBH</u></b>)</li>\n <li><b>Palantir Technologies</b>(NYSE:<b><u>PLTR</u></b>)</li>\n <li><b>Clean Energy Fuels</b>(NASDAQ:<b><u>CLNE</u></b>)</li>\n <li><b>BlackBerry</b>(NYSE:<b><u>BB</u></b>)</li>\n <li><b>Workhorse Group</b>(NASDAQ:<b><u>WKHS</u></b>)</li>\n <li><b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>)</li>\n <li><b>ContextLogic</b>(NASDAQ:<b><u>WISH</u></b>)</li>\n <li><b>Globalstar</b>(NYSEAMERICAN:<b><u>GSAT</u></b>)</li>\n <li><b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>)</li>\n</ul>\n<p><b>Tesla (TSLA)</b></p>\n<p>Say what you will about Elon Musk, but there’s no question he’s built one heck of a company. Soon, Tesla will have a fourth factory open in Berlin. Even though the original opening date of July 1 is no longer on the table due to myriad reasons, it will ultimately produce millions of electric vehicles (EVs) for willing European buyers.</p>\n<p>The company has added a&nbsp;battery cell production&nbsp;component to the plant outside Berlin. It will produce 500 million cells annually representing 50 gigawatt hours (GWh) of energy, 25% higher than&nbsp;<b>Volkswagen’s</b>(OTCMKTS:<b><u>VWAGY</u></b>) planned facility a couple hundred miles away.</p>\n<p>Across the pond in Texas, the company’s fifth so-called Gigafactory is getting closer to being ready for production. This plant will produce an updated version of the Model Y using “mega casting” technology to speed up the production process while delivering a lighter vehicle at the same time. It currently&nbsp;uses this technology&nbsp;at its plant in Shanghai.</p>\n<p>Tesla has afree cash flow (FCF) marginof 22.3% based on $35.94 billion in trailing-12-month revenue.</p>\n<p><b>KB Home (KBH)</b></p>\n<p>The largest homebuilders in America are having&nbsp;trouble keeping up with demand&nbsp;at the moment. At least for now, KB Home is meeting the demand from customers, 64% of which were first-time buyers in the latest quarter.</p>\n<p>“Operationally, our divisions are doing an&nbsp;excellent job&nbsp;of navigating this environment of demand strength and well-publicized supply chain constraints as we effectively balanced pace, price and starts to optimize our assets and manage our production,” said KB Home CEO Jeff Mezger in the Q2 2021 conference call.</p>\n<p>KB Home is so busy that the number of homes started in Q1 2021 and Q2 2021 was equivalent to 75% of the number of homes started for 2020. As a result, it expects to deliver $6 billion in housing revenue in 2021 at the midpoint of guidance, with operating margins between 11.5% and 12.0%.</p>\n<p>KB Home has anFCF margin of 6.5%based on $4.78 billion in trailing 12-month revenue.</p>\n<p><b>Palantir Technologies (PLTR)</b></p>\n<p>Palantir has been a public company for less than a year. The provider of data analytics software platforms for government agencies, corporations, and other large institutions, sold no shares last September when directly listedon the NYSE.</p>\n<p>The reference price was $7.25. PLTR stock is up 277.7% through the start of June 29.</p>\n<p>Not only is it growing its business — in the latest quarter, itsU.S. commercial revenuegrew 72% year-over-year while its U.S. government revenue jumped 83% YOY — it is also busy investing in other tech companies looking to go public.</p>\n<p>For example, it has invested in six private investments in public equity (PIPE) in the past three months. These PIPEs are part of the ongoing interest in special purpose acquisition companies (SPACs). Palantir invests&nbsp;in the PIPEs&nbsp;to gain financial returns and collaborate with these companies, which use its data analytic tools for their businesses.</p>\n<p>I’m not 100% sold on Palantir&nbsp;just yet, but it’s a good long-term buy compared to some of the Reddit stocks on this list.</p>\n<p>Palantir has anFCF margin of 9%based on $1.2 billion in trailing 12-month revenue.</p>\n<p><b>Clean Energy Fuels</b><b>(</b><b>CLNE)</b></p>\n<p>Back in February,I recommended CLNE. At the time, it was trading around $12.97. It was one of seven stocks to buy under $20. As I write this, it’s just under $11, so it’s lost ground over the past four months.</p>\n<p>I liked Clean Energy for several reasons.</p>\n<p>First, it provides three kinds of natural gas fuel for commercial trucks: compressed (CNG), liquified (LNG), and renewable (RNG). It’s the only fuel provider to do so. Secondly, RNG fuel enables trucking companies to deliver their services while getting close to or achieving carbon negative status. Third, it’s got fueling stations in 43 states and Canada. Lastly, it’s got deep pockets.<b>Total</b>(OTCMKTS:<b><u>TTFNF</u></b>) owns 25% of its stock.</p>\n<p>Oh, and as I said in February, from an adjusted EBITDA basis (earnings before interest, taxes, depreciation and amortization), it makes money while also growing revenues at a steady pace.</p>\n<p>In the meantime, Clean Energy has anFCF margin of 24.2%based on $283 million in trailing 12-month revenue.</p>\n<p><b>BlackBerry (BB)</b></p>\n<p>I can remember when&nbsp;President Barack Obama&nbsp;first entered the White House in January 2009. The BlackBerry was considered the cat’s meow when it came to mobile phones. By the time he left office in January 2017, it was in the dustbin of history.</p>\n<p>Now supplying security software to automobile manufacturers and other enterprises and governments worldwide — a research firm recently said its QNX software is installed in195 million vehicles&nbsp;worldwide — the Reddit crowd have taken to the Waterloo, Ontario-based tech company.</p>\n<p>Things have turned around for BlackBerry.</p>\n<p>At least, enough so to provide CEO John Chen with a handsome compensation package. Proxy advisory firm Glass Lewis recently blasted the company, suggesting its&nbsp;compensation plan&nbsp;had no relation to its overall corporate performance.</p>\n<p>As a result of the January Reddit rally, which saw BB stock move from $6.70 at the beginning of the month to a 52-week high of $28.77 by the end, Chen could receive as much as $206 million in cash and stock compensation from the long-term incentives issued in 2019.</p>\n<p>On a GAAP basis,BlackBerry still loses money. That said, the pivot it’s made to software has given it another shot at tech stardom. We’ll see if it gain regain its former glory from the Obama years.</p>\n<p>In the meantime, BlackBerry has anFCF margin of 9.3%based on $861 million in trailing 12-month revenue.</p>\n<p><b>Workhorse Group (WKHS)</b></p>\n<p>The last time I wrote about Workhorse Group was in late April. At the time, it was trading around $12.50. I argued that if it got the&nbsp;backlog of 8,000&nbsp;commercial electric vehicle delivery trucks out the door over the next 12 to 24 months, it would have an ultra-low price-to-sales ratio of 4.2.</p>\n<p>Long story short, if it did, its stock would be worth more than $12.50.</p>\n<p>Well, on June 16, Workhorse&nbsp;officially protested&nbsp;the United States Postal Service awarding the estimated $6 billion contract to manufacture its next-generation delivery vehicle to&nbsp;<b>Oshkosh</b>(NYSE:<b><u>OSK</u></b>). The news pushed WKHS to $17.54 at the start of June 29.</p>\n<p><i>InvestorPlace’s</i>&nbsp;Dana Blankenhorn recently discussed Workhorse. He believes that the company was in the commercial EV game to&nbsp;ride on the coattails&nbsp;of big guns like&nbsp;<b>Ford</b>(NYSE:<b><u>F</u></b>) and&nbsp;<b>General Motors</b>(NYSE:<b><u>GM</u></b>). That’s not the craziest theory in the world.</p>\n<p>In the latest quarter, Workhorse delivered six trucks to customers and generated $521,000 in revenue. It plans to produce&nbsp;1,000 trucks&nbsp;in 2021. It will have to pick up the pace if it wants to reach that goal. In the meantime, investors can expect its quarterly losses to accelerate as we make our way through the year.</p>\n<p>Workhorse has an&nbsp;FCF margin of -5,320.2%&nbsp;based on $1.83 million in trailing 12-month revenue. It is for speculative investors only.</p>\n<p><b>AMC Entertainment (AMC)</b></p>\n<p>AMC is a stock that I’m conflicted about.</p>\n<p>On the one hand, I believe that Americans will return to movie theaters in large numbers come fall. That will likely return the chain to pre-Covid revenue numbers. On the other hand, it has a burdensome debt load.</p>\n<p>Despite using the Reddit surge to raise much-needed cash to repay some of this debt — on June 3, it announced it would sell 11.55 million shares at the market to bring in another&nbsp;$600 million— it still has&nbsp;$11.05 billion&nbsp;owed, or 37.6% of its vastly overvalued market capitalization of $29.4 billion.</p>\n<p>Former E*Trade CEO Karl Roessner appeared on&nbsp;<i>CNBC</i>&nbsp;in early June. While he&nbsp;commended AMC management&nbsp;for selling shares when prices were high, the company is not worth $28 billion.</p>\n<p>“Absent some serious strategic undertakings by that company, it’s still just not worth what it’s trading for right now,” Roessner stated.</p>\n<p>I couldn’t agree more.</p>\n<p>AMC has anFCF margin of -280%based on $449 million in trailing 12-month revenue.</p>\n<p><b>ContextLogic (WISH)</b></p>\n<p>In February, I wrote an article about the e-commerce site with the headline“ContextLogic Has Nothing to Do With Retail”<i>.</i>I didn’t understand the composition of its board. It had no retail experience on its board to oversee the CEO.</p>\n<p>“If ContextLogic’s goal is to beat&nbsp;<b>Amazon</b>(NASDAQ:<b>AMZN</b>) at discount e-commerce apparel, its board of directors is a sure sign that’s not what it’s after,” I said.</p>\n<p>I finished the article by stating I didn’t get an inspirational vibe from Context Logic’s board of directors. In the four months since, WISH has lost 49% of its value and trades well below its&nbsp;IPO price&nbsp;of $24.</p>\n<p>ContextLogic has anFCF margin of -8%based on $2.87 billion in trailing 12-month revenue. I’m really not sure what Redditors see in this one.</p>\n<p><b>Globalstar (GSAT)</b></p>\n<p>Not everyone thinks the provider of mobile satellite services is a bad bet.</p>\n<p>B. Riley analyst Mike Crawford initiated coverage of Globalstar on June 21. The analyst gives it a “buy” rating and a&nbsp;$3.25 target price, double where it’s currently trading. He estimates that the company’s C-Band spectrum could be worth as much as $15 billion. Based on 1.79 billion shares outstanding, that’s $8.38 a share, considerably higher than the analyst’s target price.</p>\n<p>From where I sit, the fact that it’s currently trading at&nbsp;a price-to-sales ratio of 25.39&nbsp;and&nbsp;not making money&nbsp;on a GAAP basis makes it very hard for me to get behind the company.</p>\n<p>However, Globalstar does have one big ace up its sleeve.</p>\n<p>On page 87 of its&nbsp;2020 10-K, you will see that it had $1.8 billion in U.S. net operating loss (NOL) carryforwards with less than 1% expiring before 2025. It has an additional $200 million in foreign NOL carryforwards. So, should it start generating significant profits — that’s still very much up in the air — the loss carryforwards will shield the company’s earnings from taxes for the foreseeable future.</p>\n<p>Globalstar has anFCF margin of 18%based on $123 million in trailing 12-month revenue.</p>\n<p><b>Clover Health (CLOV)</b></p>\n<p>They say timing is everything.</p>\n<p>In early June, I wrote an article about the healthcare technology company, which uses data to provide healthcare plans for more than 130,000 Americans. At the time, I felt like there was a fair bit of&nbsp;upside resistance at $10.</p>\n<p>While I wouldn’t buy the money-losing stock, a patient investor with a higher than average risk tolerance would be wise to buy around $9, or hopefully less. And then came the June 8 Reddit-induced short squeeze, doubling CLOV’s share price within hours.</p>\n<p>“By afternoon trading [June 8], Clover had already traded over&nbsp;650 million shares, 30 times more than its 30-day average volume of 22 million shares, according to FactSet,”<i>CNBC</i>‘s Yun Lireported. “By the closing bell on Wall Street, more than 720 million shares had changed hands.”</p>\n<p>CLOV stock closed June 7 trading at $11.92. By 4 p.m. the next day, it was over $22.</p>\n<p>In my article, I mentioned the investing lesson a 17-year-old learned about managing your expectations when playing with real money. I really hope he was able to sell his call options in the June surge. If not, the shares have still doubled from a month ago.</p>\n<p>Overall, it’s down slightly from its&nbsp;first day of trading&nbsp;on Jan. 8.</p>\n<p>Clover has anFCF margin of -24.2%based on $721 million in trailing 12-month revenue.</p>","source":"lsy1606302653667","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>Which of the 10 Most Talked About Reddit Stocks Is Worth a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhich of the 10 Most Talked About Reddit Stocks Is Worth a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-30 17:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/which-of-the-10-most-talked-about-reddit-stocks-is-worth-a-buy/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Like all investments, there are good Reddit stocks, and bad ones\nSource: Marcus Krauss / Shutterstock.com\nI must admit, when I was given this assignment my first thought was I’m the last guy to be ...</p>\n\n<a href=\"https://investorplace.com/2021/06/which-of-the-10-most-talked-about-reddit-stocks-is-worth-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WKHS":"Workhorse Group, Inc.","PLTR":"Palantir Technologies Inc.","BB":"黑莓","CLNE":"Clean Energy Fuels Corp","GSAT":"全球星","CLOV":"Clover Health Corp","KBH":"KB Home","AMC":"AMC院线","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/which-of-the-10-most-talked-about-reddit-stocks-is-worth-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150186389","content_text":"Like all investments, there are good Reddit stocks, and bad ones\nSource: Marcus Krauss / Shutterstock.com\nI must admit, when I was given this assignment my first thought was I’m the last guy to be talking about Reddit stocks. I think the attention being paid to Reddit and meme stocks is a bunch of hokum.\nThe arguments abound whether the meme stock frenzy is a permanent part of the investing landscape.\n“This is not going to end well,” Former E*Trade CEO Karl Roessner toldCNBCin early June while discussing the AMC rally. “I think historically we’ve seen this in the past, but I do believethis grouphas staying power.”\nHowever, if you’re a value investor, the mere presence of this kind of retail investor is music to your ears. While the sheep are out buying GameStop(NYSE:GME), you can pick up shares in some of America’s better companies that trade at a discount.\nThat’s not easy when the Cyclically Adjusted PE Ratio (CAPE) of 38.11 is at the second-highest level on record — the highest was in December 1999 — with no end in sight to the multiple’s upward trajectory.\nWith that in mind, I’ve rated the top 10 Reddit stocks— based on the number of comments made on r/WallStreetBets — from best to worst as a long-term buy:\n\nTesla(NASDAQ:TSLA)\nKB Home(NYSE:KBH)\nPalantir Technologies(NYSE:PLTR)\nClean Energy Fuels(NASDAQ:CLNE)\nBlackBerry(NYSE:BB)\nWorkhorse Group(NASDAQ:WKHS)\nAMC Entertainment(NYSE:AMC)\nContextLogic(NASDAQ:WISH)\nGlobalstar(NYSEAMERICAN:GSAT)\nClover Health(NASDAQ:CLOV)\n\nTesla (TSLA)\nSay what you will about Elon Musk, but there’s no question he’s built one heck of a company. Soon, Tesla will have a fourth factory open in Berlin. Even though the original opening date of July 1 is no longer on the table due to myriad reasons, it will ultimately produce millions of electric vehicles (EVs) for willing European buyers.\nThe company has added a battery cell production component to the plant outside Berlin. It will produce 500 million cells annually representing 50 gigawatt hours (GWh) of energy, 25% higher than Volkswagen’s(OTCMKTS:VWAGY) planned facility a couple hundred miles away.\nAcross the pond in Texas, the company’s fifth so-called Gigafactory is getting closer to being ready for production. This plant will produce an updated version of the Model Y using “mega casting” technology to speed up the production process while delivering a lighter vehicle at the same time. It currently uses this technology at its plant in Shanghai.\nTesla has afree cash flow (FCF) marginof 22.3% based on $35.94 billion in trailing-12-month revenue.\nKB Home (KBH)\nThe largest homebuilders in America are having trouble keeping up with demand at the moment. At least for now, KB Home is meeting the demand from customers, 64% of which were first-time buyers in the latest quarter.\n“Operationally, our divisions are doing an excellent job of navigating this environment of demand strength and well-publicized supply chain constraints as we effectively balanced pace, price and starts to optimize our assets and manage our production,” said KB Home CEO Jeff Mezger in the Q2 2021 conference call.\nKB Home is so busy that the number of homes started in Q1 2021 and Q2 2021 was equivalent to 75% of the number of homes started for 2020. As a result, it expects to deliver $6 billion in housing revenue in 2021 at the midpoint of guidance, with operating margins between 11.5% and 12.0%.\nKB Home has anFCF margin of 6.5%based on $4.78 billion in trailing 12-month revenue.\nPalantir Technologies (PLTR)\nPalantir has been a public company for less than a year. The provider of data analytics software platforms for government agencies, corporations, and other large institutions, sold no shares last September when directly listedon the NYSE.\nThe reference price was $7.25. PLTR stock is up 277.7% through the start of June 29.\nNot only is it growing its business — in the latest quarter, itsU.S. commercial revenuegrew 72% year-over-year while its U.S. government revenue jumped 83% YOY — it is also busy investing in other tech companies looking to go public.\nFor example, it has invested in six private investments in public equity (PIPE) in the past three months. These PIPEs are part of the ongoing interest in special purpose acquisition companies (SPACs). Palantir invests in the PIPEs to gain financial returns and collaborate with these companies, which use its data analytic tools for their businesses.\nI’m not 100% sold on Palantir just yet, but it’s a good long-term buy compared to some of the Reddit stocks on this list.\nPalantir has anFCF margin of 9%based on $1.2 billion in trailing 12-month revenue.\nClean Energy Fuels(CLNE)\nBack in February,I recommended CLNE. At the time, it was trading around $12.97. It was one of seven stocks to buy under $20. As I write this, it’s just under $11, so it’s lost ground over the past four months.\nI liked Clean Energy for several reasons.\nFirst, it provides three kinds of natural gas fuel for commercial trucks: compressed (CNG), liquified (LNG), and renewable (RNG). It’s the only fuel provider to do so. Secondly, RNG fuel enables trucking companies to deliver their services while getting close to or achieving carbon negative status. Third, it’s got fueling stations in 43 states and Canada. Lastly, it’s got deep pockets.Total(OTCMKTS:TTFNF) owns 25% of its stock.\nOh, and as I said in February, from an adjusted EBITDA basis (earnings before interest, taxes, depreciation and amortization), it makes money while also growing revenues at a steady pace.\nIn the meantime, Clean Energy has anFCF margin of 24.2%based on $283 million in trailing 12-month revenue.\nBlackBerry (BB)\nI can remember when President Barack Obama first entered the White House in January 2009. The BlackBerry was considered the cat’s meow when it came to mobile phones. By the time he left office in January 2017, it was in the dustbin of history.\nNow supplying security software to automobile manufacturers and other enterprises and governments worldwide — a research firm recently said its QNX software is installed in195 million vehicles worldwide — the Reddit crowd have taken to the Waterloo, Ontario-based tech company.\nThings have turned around for BlackBerry.\nAt least, enough so to provide CEO John Chen with a handsome compensation package. Proxy advisory firm Glass Lewis recently blasted the company, suggesting its compensation plan had no relation to its overall corporate performance.\nAs a result of the January Reddit rally, which saw BB stock move from $6.70 at the beginning of the month to a 52-week high of $28.77 by the end, Chen could receive as much as $206 million in cash and stock compensation from the long-term incentives issued in 2019.\nOn a GAAP basis,BlackBerry still loses money. That said, the pivot it’s made to software has given it another shot at tech stardom. We’ll see if it gain regain its former glory from the Obama years.\nIn the meantime, BlackBerry has anFCF margin of 9.3%based on $861 million in trailing 12-month revenue.\nWorkhorse Group (WKHS)\nThe last time I wrote about Workhorse Group was in late April. At the time, it was trading around $12.50. I argued that if it got the backlog of 8,000 commercial electric vehicle delivery trucks out the door over the next 12 to 24 months, it would have an ultra-low price-to-sales ratio of 4.2.\nLong story short, if it did, its stock would be worth more than $12.50.\nWell, on June 16, Workhorse officially protested the United States Postal Service awarding the estimated $6 billion contract to manufacture its next-generation delivery vehicle to Oshkosh(NYSE:OSK). The news pushed WKHS to $17.54 at the start of June 29.\nInvestorPlace’s Dana Blankenhorn recently discussed Workhorse. He believes that the company was in the commercial EV game to ride on the coattails of big guns like Ford(NYSE:F) and General Motors(NYSE:GM). That’s not the craziest theory in the world.\nIn the latest quarter, Workhorse delivered six trucks to customers and generated $521,000 in revenue. It plans to produce 1,000 trucks in 2021. It will have to pick up the pace if it wants to reach that goal. In the meantime, investors can expect its quarterly losses to accelerate as we make our way through the year.\nWorkhorse has an FCF margin of -5,320.2% based on $1.83 million in trailing 12-month revenue. It is for speculative investors only.\nAMC Entertainment (AMC)\nAMC is a stock that I’m conflicted about.\nOn the one hand, I believe that Americans will return to movie theaters in large numbers come fall. That will likely return the chain to pre-Covid revenue numbers. On the other hand, it has a burdensome debt load.\nDespite using the Reddit surge to raise much-needed cash to repay some of this debt — on June 3, it announced it would sell 11.55 million shares at the market to bring in another $600 million— it still has $11.05 billion owed, or 37.6% of its vastly overvalued market capitalization of $29.4 billion.\nFormer E*Trade CEO Karl Roessner appeared on CNBC in early June. While he commended AMC management for selling shares when prices were high, the company is not worth $28 billion.\n“Absent some serious strategic undertakings by that company, it’s still just not worth what it’s trading for right now,” Roessner stated.\nI couldn’t agree more.\nAMC has anFCF margin of -280%based on $449 million in trailing 12-month revenue.\nContextLogic (WISH)\nIn February, I wrote an article about the e-commerce site with the headline“ContextLogic Has Nothing to Do With Retail”.I didn’t understand the composition of its board. It had no retail experience on its board to oversee the CEO.\n“If ContextLogic’s goal is to beat Amazon(NASDAQ:AMZN) at discount e-commerce apparel, its board of directors is a sure sign that’s not what it’s after,” I said.\nI finished the article by stating I didn’t get an inspirational vibe from Context Logic’s board of directors. In the four months since, WISH has lost 49% of its value and trades well below its IPO price of $24.\nContextLogic has anFCF margin of -8%based on $2.87 billion in trailing 12-month revenue. I’m really not sure what Redditors see in this one.\nGlobalstar (GSAT)\nNot everyone thinks the provider of mobile satellite services is a bad bet.\nB. Riley analyst Mike Crawford initiated coverage of Globalstar on June 21. The analyst gives it a “buy” rating and a $3.25 target price, double where it’s currently trading. He estimates that the company’s C-Band spectrum could be worth as much as $15 billion. Based on 1.79 billion shares outstanding, that’s $8.38 a share, considerably higher than the analyst’s target price.\nFrom where I sit, the fact that it’s currently trading at a price-to-sales ratio of 25.39 and not making money on a GAAP basis makes it very hard for me to get behind the company.\nHowever, Globalstar does have one big ace up its sleeve.\nOn page 87 of its 2020 10-K, you will see that it had $1.8 billion in U.S. net operating loss (NOL) carryforwards with less than 1% expiring before 2025. It has an additional $200 million in foreign NOL carryforwards. So, should it start generating significant profits — that’s still very much up in the air — the loss carryforwards will shield the company’s earnings from taxes for the foreseeable future.\nGlobalstar has anFCF margin of 18%based on $123 million in trailing 12-month revenue.\nClover Health (CLOV)\nThey say timing is everything.\nIn early June, I wrote an article about the healthcare technology company, which uses data to provide healthcare plans for more than 130,000 Americans. At the time, I felt like there was a fair bit of upside resistance at $10.\nWhile I wouldn’t buy the money-losing stock, a patient investor with a higher than average risk tolerance would be wise to buy around $9, or hopefully less. And then came the June 8 Reddit-induced short squeeze, doubling CLOV’s share price within hours.\n“By afternoon trading [June 8], Clover had already traded over 650 million shares, 30 times more than its 30-day average volume of 22 million shares, according to FactSet,”CNBC‘s Yun Lireported. “By the closing bell on Wall Street, more than 720 million shares had changed hands.”\nCLOV stock closed June 7 trading at $11.92. By 4 p.m. the next day, it was over $22.\nIn my article, I mentioned the investing lesson a 17-year-old learned about managing your expectations when playing with real money. I really hope he was able to sell his call options in the June surge. If not, the shares have still doubled from a month ago.\nOverall, it’s down slightly from its first day of trading on Jan. 8.\nClover has anFCF margin of -24.2%based on $721 million in trailing 12-month revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129390772,"gmtCreate":1624356584796,"gmtModify":1703834258579,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Reddit’s MEME??????","listText":"Reddit’s MEME??????","text":"Reddit’s MEME??????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129390772","repostId":"1128318249","repostType":4,"repost":{"id":"1128318249","pubTimestamp":1624355985,"share":"https://ttm.financial/m/news/1128318249?lang=&edition=fundamental","pubTime":"2021-06-22 17:59","market":"us","language":"en","title":"Bionano Genomics: Did Reddit Squirrels Find a Nut?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128318249","media":"InvestorPlace","summary":"BNGO stock has been pushed this year by both Wall Street pros and meme stock amateurs.\n\nWhenever I s","content":"<blockquote>\n BNGO stock has been pushed this year by both Wall Street pros and meme stock amateurs.\n</blockquote>\n<p>Whenever I see a stock trending on the<i>r/WallStreetBets</i>subreddit, I get suspicious. Anyone can post there. They can say anything. There’s the reputation for pushing short-squeezes on failing companies. There’s just no credibility.</p>\n<p><img src=\"https://static.tigerbbs.com/68745a7c8e4a800f76911b7245e9f8e6\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Marcus Krauss / Shutterstock.com</p>\n<p>Case in point, a small company called<b>Bionano Genomics</b>(NASDAQ:<b><u>BNGO</u></b>), which in February gota push from the WSB crowd. It started as BNGO stock was selling at about $10 a share. It quickly jumped to $15. Then it fell, to as low as $4.40 in May. It closed June 21 at about $7.22.</p>\n<p>It’s still not huge, a market cap of $2.01 billion. But this is also, still, a small company, with March quarter revenue of just$3.1 million.</p>\n<p>Bionano is a complete speculation. Is it a worthwhile one?</p>\n<p><b>What Redditors Got With BNGO Stock</b></p>\n<p>Bionano is built around a device calledSaphyr.It does optical genome mapping and costs about$150,000. Then there are “consumables,” reagents for making tests. Bionano also sells testing as a service at about $1,000 per test.</p>\n<p>Saphyr does not yet have FDA approval, although that doesn’t matter outside the U.S. It’s used incytogenetics research, a market that management thinkscould be worth $700 million to $1 billion/year.</p>\n<p>BTIG, a Singapore-based investment company,began flogging Bionano recently. AnalystSung Ji Nam, who has dozens of buy recommendations out on various biotechs, wrote that Saphyr promises “higher accuracy and superior workflow efficiency” when compared with other mapping techniques. She highlighted three recent overseas contracts and a California study that spotted 18% more genetic diseases than conventional testing.</p>\n<p>This means it’s not just the pajama traders who think Bionano has something. All four analysts following BNGO stock as tracked by<i>Tipranks</i>have it rated as a buy, with a price target of$11. That’s 51% higher than its present price, although still well short of where the Reddit speculation took it.</p>\n<p><b>Burning Cash</b></p>\n<p>Bionano only came public at the start of the year and currently trades near the level of its first trade.</p>\n<p>The March quarter report looked good, although the numbers we’re talking about are small.</p>\n<p>The company reported product sales of $2.05 million, which comes toa little over a dozen machines. Services and reagents brought in another $1.11 million.</p>\n<p>But Bionano is still burning cash. It spent $2.67 million on research during the quarter, and another $9.5 million on selling and administration. The net result was a loss of nearly $10 million, but that was just 4 cents per share. Bionano had 263 million shares outstanding after going public.</p>\n<p>The good news is Bionano now has $362 million in cash, and less than $15 million in long-term debt. The bad news is that you’re paying over 160 times revenue. Even with a 162% growth rate, that’s rich. If Bionano hits its target of installing150 systems this year, that’s still just $22.5 million. Even the most optimistic analyst sees revenue of$36 million for 2022and continuing losses.</p>\n<p><b>The Bottom Line</b></p>\n<p>Bionano is on the cutting edge of the DNA sequencing market. This is indeed a huge opportunity, as DNA evolves intosomething like a programming language.Within its niche, Bionano faces strong competition from companies like<b>Pacific Biosciences</b>&nbsp;(NASDAQ:<b><u>PACB</u></b>).</p>\n<p>I would like to seemore than a short squeezebefore recommending a stock. Our Muslim Farooque ishesitant to step inat Bionano’s current price.</p>\n<p>My view is that if you believe Bionano Genomics has a viable solution and can sell in quantity, the current price of the stock is irrelevant. The problem is that I don’t know the answer to that question.</p>\n<p>As I said at the onset, this is pure speculation. But unlike most of what I see on<i>Reddit</i>, it’s not unreasonable speculation. Throw some money at Bionano if you want but know it will take years to learn whether you’ve hit bingo on BNGO.</p>","source":"lsy1606302653667","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>Bionano Genomics: Did Reddit Squirrels Find a Nut?</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\">\nBionano Genomics: Did Reddit Squirrels Find a Nut?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/bionano-genomics-did-reddit-squirrels-find-a-nut/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BNGO stock has been pushed this year by both Wall Street pros and meme stock amateurs.\n\nWhenever I see a stock trending on ther/WallStreetBetssubreddit, I get suspicious. Anyone can post there. They ...</p>\n\n<a href=\"https://investorplace.com/2021/06/bionano-genomics-did-reddit-squirrels-find-a-nut/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNGO":"Bionano Genomics"},"source_url":"https://investorplace.com/2021/06/bionano-genomics-did-reddit-squirrels-find-a-nut/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128318249","content_text":"BNGO stock has been pushed this year by both Wall Street pros and meme stock amateurs.\n\nWhenever I see a stock trending on ther/WallStreetBetssubreddit, I get suspicious. Anyone can post there. They can say anything. There’s the reputation for pushing short-squeezes on failing companies. There’s just no credibility.\nSource: Marcus Krauss / Shutterstock.com\nCase in point, a small company calledBionano Genomics(NASDAQ:BNGO), which in February gota push from the WSB crowd. It started as BNGO stock was selling at about $10 a share. It quickly jumped to $15. Then it fell, to as low as $4.40 in May. It closed June 21 at about $7.22.\nIt’s still not huge, a market cap of $2.01 billion. But this is also, still, a small company, with March quarter revenue of just$3.1 million.\nBionano is a complete speculation. Is it a worthwhile one?\nWhat Redditors Got With BNGO Stock\nBionano is built around a device calledSaphyr.It does optical genome mapping and costs about$150,000. Then there are “consumables,” reagents for making tests. Bionano also sells testing as a service at about $1,000 per test.\nSaphyr does not yet have FDA approval, although that doesn’t matter outside the U.S. It’s used incytogenetics research, a market that management thinkscould be worth $700 million to $1 billion/year.\nBTIG, a Singapore-based investment company,began flogging Bionano recently. AnalystSung Ji Nam, who has dozens of buy recommendations out on various biotechs, wrote that Saphyr promises “higher accuracy and superior workflow efficiency” when compared with other mapping techniques. She highlighted three recent overseas contracts and a California study that spotted 18% more genetic diseases than conventional testing.\nThis means it’s not just the pajama traders who think Bionano has something. All four analysts following BNGO stock as tracked byTiprankshave it rated as a buy, with a price target of$11. That’s 51% higher than its present price, although still well short of where the Reddit speculation took it.\nBurning Cash\nBionano only came public at the start of the year and currently trades near the level of its first trade.\nThe March quarter report looked good, although the numbers we’re talking about are small.\nThe company reported product sales of $2.05 million, which comes toa little over a dozen machines. Services and reagents brought in another $1.11 million.\nBut Bionano is still burning cash. It spent $2.67 million on research during the quarter, and another $9.5 million on selling and administration. The net result was a loss of nearly $10 million, but that was just 4 cents per share. Bionano had 263 million shares outstanding after going public.\nThe good news is Bionano now has $362 million in cash, and less than $15 million in long-term debt. The bad news is that you’re paying over 160 times revenue. Even with a 162% growth rate, that’s rich. If Bionano hits its target of installing150 systems this year, that’s still just $22.5 million. Even the most optimistic analyst sees revenue of$36 million for 2022and continuing losses.\nThe Bottom Line\nBionano is on the cutting edge of the DNA sequencing market. This is indeed a huge opportunity, as DNA evolves intosomething like a programming language.Within its niche, Bionano faces strong competition from companies likePacific Biosciences (NASDAQ:PACB).\nI would like to seemore than a short squeezebefore recommending a stock. Our Muslim Farooque ishesitant to step inat Bionano’s current price.\nMy view is that if you believe Bionano Genomics has a viable solution and can sell in quantity, the current price of the stock is irrelevant. The problem is that I don’t know the answer to that question.\nAs I said at the onset, this is pure speculation. But unlike most of what I see onReddit, it’s not unreasonable speculation. Throw some money at Bionano if you want but know it will take years to learn whether you’ve hit bingo on BNGO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195088450,"gmtCreate":1621239902370,"gmtModify":1704354458699,"author":{"id":"3562150941808297","authorId":"3562150941808297","name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3562150941808297","authorIdStr":"3562150941808297"},"themes":[],"htmlText":"Home Depot ???","listText":"Home Depot ???","text":"Home Depot ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/195088450","repostId":"2135984810","repostType":4,"repost":{"id":"2135984810","pubTimestamp":1621206955,"share":"https://ttm.financial/m/news/2135984810?lang=&edition=fundamental","pubTime":"2021-05-17 07:15","market":"us","language":"en","title":"Earnings to Watch This Week: Home Depot, Walmart, Target and Deere in Focus","url":"https://stock-news.laohu8.com/highlight/detail?id=2135984810","media":"FX Empire","summary":"HOME DEPOT: The largest home improvement retailer in the United States is expected to report its first-quarter earnings of $3.06 per share, which represents year-over-year growth of about 47% from $2.08 per share seen in the same period a year ago.The home improvement retailer would post revenue growth of 21% to $34.2 billion. In the last four quarters, on average, Home Depot has beaten earnings estimates about 2%.The Atlanta, Georgia-based company’s shares rose over 20% so far this year. Home D","content":"<ul><li>Monday (May 17)</li><li>Tuesday (May 18)</li><li>Wednesday (May 19)</li><li>Thursday (May 20)</li><li>Friday (May 21)</li></ul><p><img src=\"https://static.tigerbbs.com/a1dc301411304347b3baff938af25111\" tg-width=\"1484\" tg-height=\"876\" referrerpolicy=\"no-referrer\"></p><p>Earnings Calendar For The Week Of May 17</p><h2>Monday (May 17)</h2><table width=\"406\"><tbody><tr><td width=\"64\"><b>Ticker</b></td><td width=\"238\"><b>Company</b></td><td width=\"104\"><b>EPS Forecast</b></td></tr><tr><td width=\"64\"><u>DM</u></td><td width=\"238\">Dominion Midstream Partners</td><td width=\"104\">-$0.10</td></tr><tr><td width=\"64\"><u>RYAAY</u></td><td width=\"238\">Ryanair</td><td width=\"104\">-$2.04</td></tr></tbody></table><h2>Tuesday (May 18)</h2><p><b>IN THE SPOTLIGHT: HOME DEPOT, WALMART</b></p><p><b>HOME DEPOT</b>: The largest home improvement retailer in the United States is expected to report its first-quarter earnings of $3.06 per share, which represents year-over-year growth of about 47% from $2.08 per share seen in the same period a year ago.</p><p>The home improvement retailer would post revenue growth of 21% to $34.2 billion. In the last four quarters, on average, Home Depot has beaten earnings estimates about 2%.</p><p>The Atlanta, Georgia-based company’s shares rose over 20% so far this year. Home Depot’s better-than-expected results, which will be announced on Tuesday, could help the stock hit new all-time highs. But the stock’s performance could hinge on margins.</p><p>“We expect a 25% to 30% Q1’21 comp as top-line strength likely continued through the quarter. We model gross margin down 40 bps. For context, in Q4 lumber inflation pulled gross margin down ~30 bps and likely worsened sequentially. On SG&amp;A, assuming the per sq ft 2-year stack holds from Q4 (+24%), SG&amp;A should lever 360 to 400 bps,” noted Simeon Gutman, equity analyst at <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a>.</p><p>“In our model, this combination produces EPS of $3.55 to $3.85 vs consensus at $2.95. While a ’21 guide was not provided, if the ’20 top-line exit rate held through ’21, HD would expect a flat to slightly positive comp and an EBIT margin of at least 14%.”</p><p><b>WALMART</b>: The Bentonville, Arkansas-based retailer is expected to report its first-quarter earnings of $1.21 per share, which represents year-over-year growth of about 47% from $1.18 per share seen in the same period a year ago.</p><p>However, the multinational retail corporation that operates a chain of hypermarkets’ revenue would decline about 2% to $131.8 billion. In the last four quarters, on average, the retail giant has beaten earnings estimates about 9%.</p><p>“We raise 1Q22 EPS estimate to $1.23 from $1.22, on stronger Walmart U.S. comps, more modest SG&amp;A deleverage, offsetting lower International segment revenues on divestitures, and remain above Street’s $1.21. We raise our Walmart U.S. comps to +0.5%, ahead of Street’s +0.3%, and our updated estimates now imply 2-year stack growth of +10.5% Y/Y, in-line with 4Q21,” noted Oliver Chen, equity analyst at Cowen.</p><p>“We expect a tailwind from stimulus, and improved apparel and other general merchandise categories, offset by grocery and other essential categories normalizing. Recall in 1Q21 Grocery improved +LDD, Health &amp; Wellness +HSD, and General Merchandise +MSD.”</p><table width=\"425\"><tbody><tr><td width=\"64\"><b>Ticker</b></td><td width=\"238\"><b>Company</b></td><td width=\"123\"><b>EPS Forecast</b></td></tr><tr><td width=\"64\"><u>HD</u></td><td width=\"238\">Home Depot</td><td width=\"123\">$3.06</td></tr><tr><td width=\"64\"><u>WMT</u></td><td width=\"238\">Walmart</td><td width=\"123\">$1.21</td></tr><tr><td width=\"64\"><u>SE</u></td><td width=\"238\">Spectra Energy</td><td width=\"123\">-$0.45</td></tr><tr><td width=\"64\"><u>NTES</u></td><td width=\"238\">NetEase</td><td width=\"123\">$6.35</td></tr><tr><td width=\"64\"><u>BZUN</u></td><td width=\"238\">Buzzi Unicem RSP</td><td width=\"123\">$0.60</td></tr><tr><td width=\"64\"><u>M</u></td><td width=\"238\">Macy’s</td><td width=\"123\">-$0.39</td></tr><tr><td width=\"64\"><u>DQ</u></td><td width=\"238\">Daqo New Energy</td><td width=\"123\">$1.18</td></tr><tr><td width=\"64\"><u>BIDU</u></td><td width=\"238\">Baidu</td><td width=\"123\">$10.63</td></tr><tr><td width=\"64\"><u>KC</u></td><td width=\"238\">Kutcho Copper</td><td width=\"123\">-$0.16</td></tr><tr><td width=\"64\"><u>STE</u></td><td width=\"238\">Steris</td><td width=\"123\">$1.79</td></tr><tr><td width=\"64\"><u>TTWO</u></td><td width=\"238\">Take <a href=\"https://laohu8.com/S/TWOA.U\">Two</a> Interactive Software</td><td width=\"123\">$0.68</td></tr><tr><td width=\"64\"><u>TCOM</u></td><td width=\"238\">Trip.com Group Ltd</td><td width=\"123\">-$2.05</td></tr><tr><td width=\"64\"><u>JHX</u></td><td width=\"238\">James Hardie Industries</td><td width=\"123\">$0.29</td></tr><tr><td width=\"64\"><u>TTM</u></td><td width=\"238\">Tata Motors</td><td width=\"123\">$0.47</td></tr><tr><td width=\"64\"><u>MBT</u></td><td width=\"238\">Mobile TeleSystems OJSC</td><td width=\"123\">$19.37</td></tr><tr><td width=\"64\"><u>AAP</u></td><td width=\"238\">Advance Auto Parts</td><td width=\"123\">$3.08</td></tr><tr><td width=\"64\"><u>DY</u></td><td width=\"238\">Dycom Industries</td><td width=\"123\">$0.13</td></tr><tr><td width=\"64\"><u>ASND</u></td><td width=\"238\">Ascendant Resources</td><td width=\"123\">-$2.06</td></tr></tbody></table><h2>Wednesday (May 19)</h2><p><b>IN THE SPOTLIGHT: TARGET CORP</b></p><p>Target, <a href=\"https://laohu8.com/S/AONE\">one</a> of the largest North American retailers offering customers both everyday essentials and fashionables, is expected to report its first-quarter earnings of $2.16 per share, which represents year-over-year growth of over 266% from $0.59 per share seen in the same period a year ago.</p><p>In the last four consecutive quarters, on average, the company has delivered an earnings surprise of over 60%. The Minneapolis, Minnesota-based company would post year-over-year revenue growth of over 9% to $21.51 billion.</p><p>Target’s better-than-expected results, which will be announced on May 19, would help the stock hit new all-time highs. Target shares rose over 19% so far this year.</p><p>“We raise 1Q21 EPS to $2.18E, ahead of Street’s $2.10 as we raise our comps estimate to+11.5%, and tweak margin assumptions. We now model comps +11.5%, yielding 2-year stack growth of +22.3%, accelerating sequentially by +30bps,” noted Oliver Chen, equity analyst at Cowen.</p><p>“We are ahead of Street’s+8.2% consensus estimate, and think our estimates could ultimately prove conservative as Target’s (TGT) category portfolio should see the retailer benefit from the stimulus, improving trends in apparel and other re-opening categories, along with continued strength in-home, which will more than offset normalizing food, essentials, and other category comps.”</p><table width=\"453\"><tbody><tr><td width=\"64\"><b>Ticker</b></td><td width=\"285\"><b>Company</b></td><td width=\"104\"><b>EPS Forecast</b></td></tr><tr><td width=\"64\"><u>VIPS</u></td><td width=\"285\">Vipshop</td><td width=\"104\">$2.19</td></tr><tr><td width=\"64\"><u>JD</u></td><td width=\"285\">JD.com</td><td width=\"104\">$2.29</td></tr><tr><td width=\"64\"><u>LOW</u></td><td width=\"285\">Lowe’s Companies</td><td width=\"104\">$2.59</td></tr><tr><td width=\"64\"><u>CAE</u></td><td width=\"285\">Cae USA</td><td width=\"104\">$0.16</td></tr><tr><td width=\"64\"><u>ADI</u></td><td width=\"285\">Analog Devices</td><td width=\"104\">$1.45</td></tr><tr><td width=\"64\"><u>TGT</u></td><td width=\"285\">Target</td><td width=\"104\">$2.16</td></tr><tr><td width=\"64\"><u>TJX</u></td><td width=\"285\">TJX Companies</td><td width=\"104\">$0.30</td></tr><tr><td width=\"64\"><u>EXP</u></td><td width=\"285\">Eagle Materials</td><td width=\"104\">$1.23</td></tr><tr><td width=\"64\"><u>RXN</u></td><td width=\"285\"><a href=\"https://laohu8.com/S/RXN\">Rexnord</a></td><td width=\"104\">$0.45</td></tr><tr><td width=\"64\"><u>KEYS</u></td><td width=\"285\">Keysight Technologies</td><td width=\"104\">$1.33</td></tr><tr><td width=\"64\"><u>CSCO</u></td><td width=\"285\">Cisco Systems</td><td width=\"104\">$0.82</td></tr><tr><td width=\"64\"><u>LB</u></td><td width=\"285\">L Brands</td><td width=\"104\">$1.15</td></tr><tr><td width=\"64\"><u>SNPS</u></td><td width=\"285\">Synopsys</td><td width=\"104\">$1.53</td></tr><tr><td width=\"64\"><u>SQM</u></td><td width=\"285\">Sociedad Quimica Y Minera De Chile</td><td width=\"104\">$0.25</td></tr><tr><td width=\"64\"><u>YY</u></td><td width=\"285\">YY</td><td width=\"104\">-$0.39</td></tr><tr><td width=\"64\"><u>CPRT</u></td><td width=\"285\">Copart</td><td width=\"104\">$0.80</td></tr><tr><td width=\"64\"><u>OMVJF</u></td><td width=\"285\">OMV</td><td width=\"104\">$0.97</td></tr></tbody></table><h2>Thursday (May 20)</h2><table width=\"444\"><tbody><tr><td width=\"64\"><b>Ticker</b></td><td width=\"238\"><b>Company</b></td><td width=\"142\"><b>EPS Forecast</b></td></tr><tr><td width=\"64\"><u>MNRO</u></td><td width=\"238\"><a href=\"https://laohu8.com/S/MNRO\">Monro Muffler Brake</a></td><td width=\"142\">$0.29</td></tr><tr><td width=\"64\"><u>KSS</u></td><td width=\"238\">Kohl’s</td><td width=\"142\">$0.06</td></tr><tr><td width=\"64\"><u>BRC</u></td><td width=\"238\">Brady</td><td width=\"142\">$0.65</td></tr><tr><td width=\"64\"><u>RL</u></td><td width=\"238\">Ralph Lauren</td><td width=\"142\">-$0.75</td></tr><tr><td width=\"64\"><u>HRL</u></td><td width=\"238\">Hormel Foods</td><td width=\"142\">$0.41</td></tr><tr><td width=\"64\"><u>BJ</u></td><td width=\"238\">BJs Wholesale Club Holdings Inc</td><td width=\"142\">$0.56</td></tr><tr><td width=\"64\"><u>PANW</u></td><td width=\"238\"><a href=\"https://laohu8.com/S/PANW\">Palo Alto Networks</a></td><td width=\"142\">$1.28</td></tr><tr><td width=\"64\"><u>ROST</u></td><td width=\"238\">Ross Stores</td><td width=\"142\">$0.88</td></tr><tr><td width=\"64\"><u>FLO</u></td><td width=\"238\">Flowers Foods</td><td width=\"142\">$0.40</td></tr><tr><td width=\"64\"><u>AMAT</u></td><td width=\"238\">Applied Materials</td><td width=\"142\">$1.51</td></tr><tr><td width=\"64\"><u>DECK</u></td><td width=\"238\">Deckers Outdoor</td><td width=\"142\">$0.67</td></tr><tr><td width=\"64\"><u>TCEHY</u></td><td width=\"238\">Tencent</td><td width=\"142\">$0.54</td></tr><tr><td width=\"64\"><u>TBLMY</u></td><td width=\"238\">Tiger Brands Ltd PK</td><td width=\"142\">$0.34</td></tr></tbody></table><h2>Friday (May 21)</h2><p><b>IN THE SPOTLIGHT: DEERE &amp; COMPANY</b></p><p>Deere &amp; Company, the world’s largest maker of farm equipment, is expected to report its fiscal second-quarter earnings of $4.49 per share, which represents year-over-year growth of over 112% from $2.11 per share seen in the same period a year ago.</p><p>In the last four consecutive quarters, on average, the agricultural, construction, and forestry equipment manufacturer has delivered an earnings surprise of over 60%. The Moline, Illinois-based company would post year-over-year revenue growth of over 28% to $10.5 billion.</p><p>Deere’s better-than-expected results, which will be announced on Friday, would help the stock hit new all-time highs. Deere shares rose over 42% so far this year.</p><p>“Deere &amp; Company (DE) is <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the highest quality, most defensive names within the broader Machinery universe, given an historically lower cyclicality of Ag Equipment and history of strong management execution. FY21 should mark a tangible acceleration in the NA large ag replacement cycle, as commodity tailwinds are complemented by moderating trade headwinds and improving farmer sentiment,” noted Courtney Yakavonis, equity analyst at Morgan Stanley.</p><p>“With mgmt continuing to execute against its 15% mid-cycle operating margin target, we see continued momentum in DE’s margin improvement narrative – representing one of the most attractive idiosyncratic margin improvement narratives in the broader Machinery group.”</p><table width=\"368\"><tbody><tr><td width=\"64\"><b>Ticker</b></td><td width=\"191\"><b>Company</b></td><td width=\"113\"><b>EPS Forecast</b></td></tr><tr><td width=\"64\"><u>ROLL</u></td><td width=\"191\">Rbc Bearings</td><td width=\"113\">$1.05</td></tr><tr><td width=\"64\"><u>DE</u></td><td width=\"191\">Deere &amp; Company</td><td width=\"113\">$4.49</td></tr><tr><td width=\"64\"><u>BKE</u></td><td width=\"191\">Buckle</td><td width=\"113\">$0.29</td></tr><tr><td width=\"64\"><u>BAH</u></td><td width=\"191\">Booz Allen Hamilton</td><td width=\"113\">$0.84</td></tr><tr><td width=\"64\"><u>VFC</u></td><td width=\"191\">VF</td><td width=\"113\">$0.28</td></tr><tr><td width=\"64\"><u>FL</u></td><td width=\"191\">Foot Locker</td><td width=\"113\">$1.06</td></tr></tbody></table>","source":"yahoofinance","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\">\nEarnings to Watch This Week: Home Depot, Walmart, Target and Deere in Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 07:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/earnings-watch-next-week-home-072955887.html><strong>FX Empire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Monday (May 17)Tuesday (May 18)Wednesday (May 19)Thursday (May 20)Friday (May 21)Earnings Calendar For The Week Of May 17Monday (May 17)TickerCompanyEPS ForecastDMDominion Midstream Partners-$0.10...</p>\n\n<a href=\"https://finance.yahoo.com/news/earnings-watch-next-week-home-072955887.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WMT":"沃尔玛","HBCP":"Home合众银行","HD":"家得宝","DE":"迪尔股份有限公司","TGT":"塔吉特"},"source_url":"https://finance.yahoo.com/news/earnings-watch-next-week-home-072955887.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2135984810","content_text":"Monday (May 17)Tuesday (May 18)Wednesday (May 19)Thursday (May 20)Friday (May 21)Earnings Calendar For The Week Of May 17Monday (May 17)TickerCompanyEPS ForecastDMDominion Midstream Partners-$0.10RYAAYRyanair-$2.04Tuesday (May 18)IN THE SPOTLIGHT: HOME DEPOT, WALMARTHOME DEPOT: The largest home improvement retailer in the United States is expected to report its first-quarter earnings of $3.06 per share, which represents year-over-year growth of about 47% from $2.08 per share seen in the same period a year ago.The home improvement retailer would post revenue growth of 21% to $34.2 billion. In the last four quarters, on average, Home Depot has beaten earnings estimates about 2%.The Atlanta, Georgia-based company’s shares rose over 20% so far this year. Home Depot’s better-than-expected results, which will be announced on Tuesday, could help the stock hit new all-time highs. But the stock’s performance could hinge on margins.“We expect a 25% to 30% Q1’21 comp as top-line strength likely continued through the quarter. We model gross margin down 40 bps. For context, in Q4 lumber inflation pulled gross margin down ~30 bps and likely worsened sequentially. On SG&A, assuming the per sq ft 2-year stack holds from Q4 (+24%), SG&A should lever 360 to 400 bps,” noted Simeon Gutman, equity analyst at Morgan Stanley.“In our model, this combination produces EPS of $3.55 to $3.85 vs consensus at $2.95. While a ’21 guide was not provided, if the ’20 top-line exit rate held through ’21, HD would expect a flat to slightly positive comp and an EBIT margin of at least 14%.”WALMART: The Bentonville, Arkansas-based retailer is expected to report its first-quarter earnings of $1.21 per share, which represents year-over-year growth of about 47% from $1.18 per share seen in the same period a year ago.However, the multinational retail corporation that operates a chain of hypermarkets’ revenue would decline about 2% to $131.8 billion. In the last four quarters, on average, the retail giant has beaten earnings estimates about 9%.“We raise 1Q22 EPS estimate to $1.23 from $1.22, on stronger Walmart U.S. comps, more modest SG&A deleverage, offsetting lower International segment revenues on divestitures, and remain above Street’s $1.21. We raise our Walmart U.S. comps to +0.5%, ahead of Street’s +0.3%, and our updated estimates now imply 2-year stack growth of +10.5% Y/Y, in-line with 4Q21,” noted Oliver Chen, equity analyst at Cowen.“We expect a tailwind from stimulus, and improved apparel and other general merchandise categories, offset by grocery and other essential categories normalizing. Recall in 1Q21 Grocery improved +LDD, Health & Wellness +HSD, and General Merchandise +MSD.”TickerCompanyEPS ForecastHDHome Depot$3.06WMTWalmart$1.21SESpectra Energy-$0.45NTESNetEase$6.35BZUNBuzzi Unicem RSP$0.60MMacy’s-$0.39DQDaqo New Energy$1.18BIDUBaidu$10.63KCKutcho Copper-$0.16STESteris$1.79TTWOTake Two Interactive Software$0.68TCOMTrip.com Group Ltd-$2.05JHXJames Hardie Industries$0.29TTMTata Motors$0.47MBTMobile TeleSystems OJSC$19.37AAPAdvance Auto Parts$3.08DYDycom Industries$0.13ASNDAscendant Resources-$2.06Wednesday (May 19)IN THE SPOTLIGHT: TARGET CORPTarget, one of the largest North American retailers offering customers both everyday essentials and fashionables, is expected to report its first-quarter earnings of $2.16 per share, which represents year-over-year growth of over 266% from $0.59 per share seen in the same period a year ago.In the last four consecutive quarters, on average, the company has delivered an earnings surprise of over 60%. The Minneapolis, Minnesota-based company would post year-over-year revenue growth of over 9% to $21.51 billion.Target’s better-than-expected results, which will be announced on May 19, would help the stock hit new all-time highs. Target shares rose over 19% so far this year.“We raise 1Q21 EPS to $2.18E, ahead of Street’s $2.10 as we raise our comps estimate to+11.5%, and tweak margin assumptions. We now model comps +11.5%, yielding 2-year stack growth of +22.3%, accelerating sequentially by +30bps,” noted Oliver Chen, equity analyst at Cowen.“We are ahead of Street’s+8.2% consensus estimate, and think our estimates could ultimately prove conservative as Target’s (TGT) category portfolio should see the retailer benefit from the stimulus, improving trends in apparel and other re-opening categories, along with continued strength in-home, which will more than offset normalizing food, essentials, and other category comps.”TickerCompanyEPS ForecastVIPSVipshop$2.19JDJD.com$2.29LOWLowe’s Companies$2.59CAECae USA$0.16ADIAnalog Devices$1.45TGTTarget$2.16TJXTJX Companies$0.30EXPEagle Materials$1.23RXNRexnord$0.45KEYSKeysight Technologies$1.33CSCOCisco Systems$0.82LBL Brands$1.15SNPSSynopsys$1.53SQMSociedad Quimica Y Minera De Chile$0.25YYYY-$0.39CPRTCopart$0.80OMVJFOMV$0.97Thursday (May 20)TickerCompanyEPS ForecastMNROMonro Muffler Brake$0.29KSSKohl’s$0.06BRCBrady$0.65RLRalph Lauren-$0.75HRLHormel Foods$0.41BJBJs Wholesale Club Holdings Inc$0.56PANWPalo Alto Networks$1.28ROSTRoss Stores$0.88FLOFlowers Foods$0.40AMATApplied Materials$1.51DECKDeckers Outdoor$0.67TCEHYTencent$0.54TBLMYTiger Brands Ltd PK$0.34Friday (May 21)IN THE SPOTLIGHT: DEERE & COMPANYDeere & Company, the world’s largest maker of farm equipment, is expected to report its fiscal second-quarter earnings of $4.49 per share, which represents year-over-year growth of over 112% from $2.11 per share seen in the same period a year ago.In the last four consecutive quarters, on average, the agricultural, construction, and forestry equipment manufacturer has delivered an earnings surprise of over 60%. The Moline, Illinois-based company would post year-over-year revenue growth of over 28% to $10.5 billion.Deere’s better-than-expected results, which will be announced on Friday, would help the stock hit new all-time highs. Deere shares rose over 42% so far this year.“Deere & Company (DE) is one of the highest quality, most defensive names within the broader Machinery universe, given an historically lower cyclicality of Ag Equipment and history of strong management execution. FY21 should mark a tangible acceleration in the NA large ag replacement cycle, as commodity tailwinds are complemented by moderating trade headwinds and improving farmer sentiment,” noted Courtney Yakavonis, equity analyst at Morgan Stanley.“With mgmt continuing to execute against its 15% mid-cycle operating margin target, we see continued momentum in DE’s margin improvement narrative – representing one of the most attractive idiosyncratic margin improvement narratives in the broader Machinery group.”TickerCompanyEPS ForecastROLLRbc Bearings$1.05DEDeere & Company$4.49BKEBuckle$0.29BAHBooz Allen Hamilton$0.84VFCVF$0.28FLFoot Locker$1.06","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}