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2021-06-24

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Tiger Global-backed Bright Health raises $924 million in U.S. IPO

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Warren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion

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Billionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum

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Toplines Before US Market Open on Tuesday

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13:26","market":"us","language":"en","title":"Tiger Global-backed Bright Health raises $924 million in U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1185713985","media":"Reuters","summary":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Bla","content":"<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.</p>\n<p>Bright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.</p>\n<p>The IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.</p>\n<p>Health insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.</p>\n<p>Minneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.</p>\n<p>Bright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.</p>\n<p>The company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.</p>\n<p>Bright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.</p>\n<p>J.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.</p>\n<p>The company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.</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>Tiger Global-backed Bright Health raises $924 million in U.S. IPO</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\">\nTiger Global-backed Bright Health raises $924 million in U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower ...</p>\n\n<a href=\"https://www.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ\">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.reuters.com/article/bright-health-ipo/tiger-global-backed-bright-health-raises-924-mln-in-u-s-ipo-idUSL2N2O52CQ","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185713985","content_text":"NEW YORK (Reuters) - Bright Health Group, a health insurance start-up backed by Tiger Global and Blackstone Group Inc, said on Wednesday it sold shares in its initial public offering at a price lower than its target range to raise $924.3 million.\nBright Health priced 51.3 million shares at $18 per share and had issued a targeted price range of $20 to 23. The IPO values the company at $11.23 billion.\nThe IPO comes at a time more people seek remote healthcare during the pandemic, supercharging the telemedicine market and prompting companies to expand their scale.\nHealth insurance startup Oscar Health Inc, backed by Google parent Alphabet Inc, was valued at over $7 billion in its market debut in March, while Clover Health Investments Corp last year agreed to go public through a merger with a blank-check firm backed by venture capitalist Chamath Palihapitiya.\nMinneapolis-based Bright Health runs two businesses, NeueHealth and Bright HealthCare, through which it offers virtual and in-person clinical care to patients through affiliated primary care clinics. It also sells Medicare and commercial health insurance across 14 states in the U.S.\nBright Health, co-founded in 2015 by UnitedHealth Group Inc’s former chief executive officer Bob Sheehy, generated over $1.2 billion in revenue in 2020.\nThe company’s net losses nearly doubled to $248 million in 2020 from $125 million a year earlier, and has been reporting losses since it was founded.\nBright Health raised $500 million in a late-stage funding round in September last year from investors such as Tiger Global Management, T. Rowe Price Associates and Blackstone, bringing the total equity raised to more than $1.5 billion.\nJ.P. Morgan, Goldman Sachs, Morgan Stanley and Barclays are the lead underwriters for the offering.\nThe company plans to list its shares on the New York Stock Exchange under the symbol “BHG” on Thursday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128648797,"gmtCreate":1624515515819,"gmtModify":1703839036378,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128648797","repostId":"1185713985","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128648876,"gmtCreate":1624515499795,"gmtModify":1703839032496,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128648876","repostId":"1115900977","repostType":4,"repost":{"id":"1115900977","pubTimestamp":1624512939,"share":"https://ttm.financial/m/news/1115900977?lang=&edition=fundamental","pubTime":"2021-06-24 13:35","market":"us","language":"en","title":"Warren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1115900977","media":"CNBC","summary":"Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he","content":"<div>\n<p>Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion</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\">\nWarren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1115900977","content_text":"Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe investing legend on Wednesday reiterated hislong-held beliefthat his \"incomprehensible\" net worth would be better spent going toward philanthropic causes than into his kids' investment portfolios.\n\"After much observation of super-wealthy families, here's my recommendation: Leave the children enough so that they can do anything, but not enough that they can do nothing,\" he said in anote to shareholders, adding that his own adult children \"pursue philanthropic efforts that involve both money and time.\"\nThe 90-year-old says that he has observed that dynastic behavior — or the passing along of massive wealth from one generation of a family to another — is less common in the U.S. than in other countries, and that he believes its appeal will likely diminish.\nThat's not to say that Buffett's kids, now in their 60s, haven't received anything from their dad. Each child has a $2 billion foundation funded by Buffett, The Washington Postreported in 2014.\nBuffett's note announced that he had donated $4.1 billion worth ofhis Berkshire Hathaway sharesto five charitable foundations as part of his effort to give away 99% of his wealth by the end of his life, bringing his total donation tally to $41 billion.\nThe Berkshire Hathaway CEO, who at one point was the world's richest man and currently sits on a fortune worthmore than $100 billionaccording to Forbes, plans to distribute his remaining 238,624 shares to philanthropic causes.\nBuffett calls his philanthropy \"the easiest deed in the world\" because \"the giving is painless and may well lead to a better life for both you and your children.\"\n\n Society has a use for my money; I don't.Warren BuffettCEO, BERKSHIRE HATHAWAY\n\n\"Over many decades I have accumulated an almost incomprehensible sum simply by doing what I love to do,\" he said. \"I've made no sacrifice nor has my family. Compound interest, a long runway, wonderful associates and our incredible country have simply worked their magic. Society has a use for my money; I don't.\"\nBuffett first announced his plan to give away the vast majority of his fortune in 2006, when he was 75 years old and owned 474,998 shares of Berkshire Hathaway. With Wednesday's announcement, the Oracle of Omaha said that he is \"halfway there.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128648087,"gmtCreate":1624515484349,"gmtModify":1703839032011,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128648087","repostId":"1148268309","repostType":4,"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128641635,"gmtCreate":1624515467927,"gmtModify":1703839030881,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128641635","repostId":"1148268309","repostType":4,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128643711,"gmtCreate":1624515451633,"gmtModify":1703839030072,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Food","listText":"Food","text":"Food","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128643711","repostId":"1187067912","repostType":4,"repost":{"id":"1187067912","pubTimestamp":1624513711,"share":"https://ttm.financial/m/news/1187067912?lang=&edition=fundamental","pubTime":"2021-06-24 13:48","market":"sg","language":"en","title":"Keppel, Sembcorp Marine in talks for marine services deal, sources say","url":"https://stock-news.laohu8.com/highlight/detail?id=1187067912","media":"Reuters","summary":"(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin ta","content":"<p>(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&amp;M) businesses, two sources familiar with the matter said on Thursday.</p>\n<p>A potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders.</p>\n<p>“Consolidation is needed simply because of competition, and the need for bigger working capital to take on new and bigger projects,” said Joel Ng at KGI Securities. Both companies own a network of shipyards in Singapore and overseas, including in Brazil, and employ thousands of workers.</p>\n<p>Trading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.</p>\n<p>Sembcorp has a market value of S$2.4 billion ($1.8 billion), while Keppel, whose businesses include property and infrastructure, is valued at S$9.3 billion.</p>\n<p>Keppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. Both companies are holding separate news conferences later on Thursday.</p>\n<p>The sources said boards of both companies are meeting to begin discussions that could take many months and ultimately result in Keppel Corp hiving off its O&amp;M business and combining it with Sembcorp Marine, the sources said.</p>\n<p>The sources declined to be identified as they were not authorised to speak to media.</p>\n<p>Markets have been expecting a much-needed consolidation in the rig-building sector as companies in the shipbuilding and marine sectors in markets such as South Korea and China have already joined forces amid a weak sector outlook.</p>\n<p>Keppel’s shares have lost around 15% over the past 12 months, while Sembcorp has tumbled 40%.</p>\n<p>Last year, Temasek scrapped a $3 billion move to raise its stake in Keppel and take control, following Keppel’s poor performance.</p>\n<p>Then this year, Keppel said it was exploring options for its O&amp;M business, as part of the group’s 10-year strategy to refocus its portfolio on energy and environment, urban development, connectivity and asset management.</p>\n<p>Market talk of a consolidation between the rig builders had first resurfaced in June 2020 when Sembcorp Industries, the former parent of Sembcorp Marine, unveiled plans to demerge its core business from the lossmaking rig builder.</p>\n<p>Then Temasek stepped in to support a $1.5 billion rights issue by Sembcorp Marine.</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>Keppel, Sembcorp Marine in talks for marine services deal, sources say</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\">\nKeppel, Sembcorp Marine in talks for marine services deal, sources say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/keppel-corp-trading-halt-sembcorp-marine/update-3-keppel-sembcorp-marine-in-talks-for-marine-services-deal-sources-say-idUSL2N2O536D><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&M) businesses, two sources familiar ...</p>\n\n<a href=\"https://www.reuters.com/article/keppel-corp-trading-halt-sembcorp-marine/update-3-keppel-sembcorp-marine-in-talks-for-marine-services-deal-sources-say-idUSL2N2O536D\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BN4.SI":"吉宝有限公司"},"source_url":"https://www.reuters.com/article/keppel-corp-trading-halt-sembcorp-marine/update-3-keppel-sembcorp-marine-in-talks-for-marine-services-deal-sources-say-idUSL2N2O536D","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187067912","content_text":"(Reuters) -Temasek-backed Singapore conglomerate Keppel Corp and Sembcorp Marine are set to begin talks to explore combining their ailing offshore and marine (O&M) businesses, two sources familiar with the matter said on Thursday.\nA potential deal would bring together one of the world’s largest offshore oil rig builders with smaller rival Sembcorp after the businesses were whiplashed by years of oversupply in the sector, sustained weakness in oil prices and a drop in new orders.\n“Consolidation is needed simply because of competition, and the need for bigger working capital to take on new and bigger projects,” said Joel Ng at KGI Securities. Both companies own a network of shipyards in Singapore and overseas, including in Brazil, and employ thousands of workers.\nTrading in shares of Keppel and Sembcorp, which both count Singapore state investor Temasek Holdings as their largest shareholder, was halted on Thursday pending announcements.\nSembcorp has a market value of S$2.4 billion ($1.8 billion), while Keppel, whose businesses include property and infrastructure, is valued at S$9.3 billion.\nKeppel declined comment while there was no immediate response from Sembcorp Marine to a Reuters query. Both companies are holding separate news conferences later on Thursday.\nThe sources said boards of both companies are meeting to begin discussions that could take many months and ultimately result in Keppel Corp hiving off its O&M business and combining it with Sembcorp Marine, the sources said.\nThe sources declined to be identified as they were not authorised to speak to media.\nMarkets have been expecting a much-needed consolidation in the rig-building sector as companies in the shipbuilding and marine sectors in markets such as South Korea and China have already joined forces amid a weak sector outlook.\nKeppel’s shares have lost around 15% over the past 12 months, while Sembcorp has tumbled 40%.\nLast year, Temasek scrapped a $3 billion move to raise its stake in Keppel and take control, following Keppel’s poor performance.\nThen this year, Keppel said it was exploring options for its O&M business, as part of the group’s 10-year strategy to refocus its portfolio on energy and environment, urban development, connectivity and asset management.\nMarket talk of a consolidation between the rig builders had first resurfaced in June 2020 when Sembcorp Industries, the former parent of Sembcorp Marine, unveiled plans to demerge its core business from the lossmaking rig builder.\nThen Temasek stepped in to support a $1.5 billion rights issue by Sembcorp Marine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":245,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128643504,"gmtCreate":1624515440808,"gmtModify":1703839029747,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128643504","repostId":"1199514762","repostType":4,"repost":{"id":"1199514762","pubTimestamp":1624514690,"share":"https://ttm.financial/m/news/1199514762?lang=&edition=fundamental","pubTime":"2021-06-24 14:04","market":"us","language":"en","title":"Bezos' 2021 Space Odyssey a risk too far for insurers","url":"https://stock-news.laohu8.com/highlight/detail?id=1199514762","media":"Reuters","summary":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap t","content":"<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.</p>\n<p>Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.</p>\n<p>And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.</p>\n<p>“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.</p>\n<p>There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.</p>\n<p>“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.</p>\n<p>Assuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.</p>\n<p>The only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.</p>\n<p>Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.</p>\n<p>‘DIFFERENT RISK PROFILES’</p>\n<p>Being uninsured in space is nothing new.</p>\n<p>NASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.</p>\n<p>NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.</p>\n<p>Charles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.</p>\n<p>“They and their families understand the risks of the work they do, Wetton said.</p>\n<p>But commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.</p>\n<p>Blue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.</p>\n<p>Virgin Galactic said participants will get three days of training and preparation before the launch.</p>\n<p>Insurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.</p>\n<p>NASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.</p>\n<p>It is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.</p>\n<p>The only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.</p>\n<p>Blue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.</p>\n<p>MILLION DOLLAR QUESTION</p>\n<p>A key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.</p>\n<p>The U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.</p>\n<p>The first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.</p>\n<p>Space trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.</p>\n<p>“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.</p>\n<p>While air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.</p>\n<p>However, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.</p>\n<p>“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.</p>\n<p>“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.</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>Bezos' 2021 Space Odyssey a risk too far for insurers</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\">\nBezos' 2021 Space Odyssey a risk too far for insurers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space ...</p>\n\n<a href=\"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199514762","content_text":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.\nAmazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.\nAnd while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.\n“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.\nThere is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.\n“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.\nAssuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.\nThe only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.\nBezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.\n‘DIFFERENT RISK PROFILES’\nBeing uninsured in space is nothing new.\nNASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.\nNASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.\nCharles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.\n“They and their families understand the risks of the work they do, Wetton said.\nBut commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.\nBlue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.\nVirgin Galactic said participants will get three days of training and preparation before the launch.\nInsurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.\nNASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.\nIt is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.\nThe only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.\nBlue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.\nMILLION DOLLAR QUESTION\nA key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.\nThe U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.\nThe first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.\nSpace trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.\n“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.\nWhile air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.\nHowever, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.\n“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.\n“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123432982,"gmtCreate":1624433654946,"gmtModify":1703836546261,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123432982","repostId":"1140539864","repostType":4,"isVote":1,"tweetType":1,"viewCount":256,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123436495,"gmtCreate":1624433641117,"gmtModify":1703836548047,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436495","repostId":"1111675038","repostType":4,"repost":{"id":"1111675038","pubTimestamp":1624432717,"share":"https://ttm.financial/m/news/1111675038?lang=&edition=fundamental","pubTime":"2021-06-23 15:18","market":"us","language":"en","title":"Billionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum","url":"https://stock-news.laohu8.com/highlight/detail?id=1111675038","media":"Bloomberg","summary":"Property billionaire Barry Sternlicht told the Qatar Economic Forum in a panel set to be aired on We","content":"<p>Property billionaire Barry Sternlicht told the Qatar Economic Forum in a panel set to be aired on Wednesday that special purpose acquisition companies needmore oversightfrom the U.S. Securities and Exchange Commission.</p>\n<p>On Tuesday, one ofDeutsche Bank AG’s top shareholders signaled his backing forconsolidationin Europe’s financial services industry and leaders of key oil firms said crude prices are likely tokeep risingtoward $100 a barrel. The event started on Monday, with Ray Dalio and Lawrence Summers warning inflationcould threatenthe U.S. economic recovery.</p>\n<p>Participants at the Forum on Wednesday include: UBS Group Chairman Axel Weber, Qatar Investment Authority CEO Mansoor bin Ebrahim al-Mahmoud, Blackstone CEO Stephen Schwarzman, Carlyle Co-Founder David Rubenstein, Standard Chartered CEO Bill Winters, BlackRock CEO Laurence Fink, and Barclays CEO Jes Staley.</p>\n<p>The Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of theQatar Economic Forum, Powered by Bloomberg.</p>\n<p>Key Highlights</p>\n<ul>\n <li>Deutsche Bank’s top Qatari holder saystime is ripefor mergers</li>\n <li>China’stroop deploymentalong disputed border worries India</li>\n <li>VW sees autonomytransformingcars more than electrification</li>\n <li>Glencore’s Glasenberg saysChina can’t coolcommodities for long</li>\n <li>Airlines count onZoom fatigueto revive business travel</li>\n <li>Big Oil CEOs join traders, banks inpredicting higher prices</li>\n</ul>\n<p>Sternlicht Says SEC Should Rein In SPACs</p>\n<p>“The stock market is detached from reality,” Sternlicht said in a virtual panel discussion set to be aired on Wednesday. “Clover Health Care is basically a fraud, is trading at $16 a share, and it keeps going up. The more you say it is going out of business, the higher the stock goes.”</p>\n<p>A Clover representative declined to comment on Sternlicht’s remarks. Sternlicht has been involved in at least five SPAC deals since the beginning of last year, and said that he hoped the trend had peaked.</p>\n<p>“There is a trickle of deals getting done,” the 60-year-old founder of Starwood Capital said. “Ihopeit remains a trickle. I doubt it will remain a trickle until the SEC tightens the process up because the projections that are in these -- there has to be someone saying they are reasonable because they are really misleading investors.”</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Billionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum</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\">\nBillionaire Sternlicht Wants SEC to Rein In SPACs: Qatar Forum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/billionaire-sternlicht-wants-sec-to-rein-in-spacs-qatar-forum><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Property billionaire Barry Sternlicht told the Qatar Economic Forum in a panel set to be aired on Wednesday that special purpose acquisition companies needmore oversightfrom the U.S. Securities and ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/billionaire-sternlicht-wants-sec-to-rein-in-spacs-qatar-forum\">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"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/billionaire-sternlicht-wants-sec-to-rein-in-spacs-qatar-forum","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111675038","content_text":"Property billionaire Barry Sternlicht told the Qatar Economic Forum in a panel set to be aired on Wednesday that special purpose acquisition companies needmore oversightfrom the U.S. Securities and Exchange Commission.\nOn Tuesday, one ofDeutsche Bank AG’s top shareholders signaled his backing forconsolidationin Europe’s financial services industry and leaders of key oil firms said crude prices are likely tokeep risingtoward $100 a barrel. The event started on Monday, with Ray Dalio and Lawrence Summers warning inflationcould threatenthe U.S. economic recovery.\nParticipants at the Forum on Wednesday include: UBS Group Chairman Axel Weber, Qatar Investment Authority CEO Mansoor bin Ebrahim al-Mahmoud, Blackstone CEO Stephen Schwarzman, Carlyle Co-Founder David Rubenstein, Standard Chartered CEO Bill Winters, BlackRock CEO Laurence Fink, and Barclays CEO Jes Staley.\nThe Qatar Ministry of Commerce and Industry, Investment Promotion Agency Qatar and Media City Qatar are underwriters of theQatar Economic Forum, Powered by Bloomberg.\nKey Highlights\n\nDeutsche Bank’s top Qatari holder saystime is ripefor mergers\nChina’stroop deploymentalong disputed border worries India\nVW sees autonomytransformingcars more than electrification\nGlencore’s Glasenberg saysChina can’t coolcommodities for long\nAirlines count onZoom fatigueto revive business travel\nBig Oil CEOs join traders, banks inpredicting higher prices\n\nSternlicht Says SEC Should Rein In SPACs\n“The stock market is detached from reality,” Sternlicht said in a virtual panel discussion set to be aired on Wednesday. “Clover Health Care is basically a fraud, is trading at $16 a share, and it keeps going up. The more you say it is going out of business, the higher the stock goes.”\nA Clover representative declined to comment on Sternlicht’s remarks. Sternlicht has been involved in at least five SPAC deals since the beginning of last year, and said that he hoped the trend had peaked.\n“There is a trickle of deals getting done,” the 60-year-old founder of Starwood Capital said. “Ihopeit remains a trickle. I doubt it will remain a trickle until the SEC tightens the process up because the projections that are in these -- there has to be someone saying they are reasonable because they are really misleading investors.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123436805,"gmtCreate":1624433625407,"gmtModify":1703836545119,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436805","repostId":"1113239280","repostType":4,"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123436037,"gmtCreate":1624433610629,"gmtModify":1703836544309,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436037","repostId":"1128236138","repostType":4,"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123438252,"gmtCreate":1624433591376,"gmtModify":1703836544147,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123438252","repostId":"1132689055","repostType":4,"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129139378,"gmtCreate":1624363947694,"gmtModify":1703834416610,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129139378","repostId":"1110925723","repostType":4,"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129130705,"gmtCreate":1624363933807,"gmtModify":1703834416124,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129130705","repostId":"1174887682","repostType":4,"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129130501,"gmtCreate":1624363919403,"gmtModify":1703834416286,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Hh","listText":"Hh","text":"Hh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129130501","repostId":"1177499959","repostType":4,"repost":{"id":"1177499959","pubTimestamp":1624344919,"share":"https://ttm.financial/m/news/1177499959?lang=&edition=fundamental","pubTime":"2021-06-22 14:55","market":"us","language":"en","title":"Forget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1177499959","media":"zerohedge","summary":"Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" spa","content":"<p>Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that \"tapering is not tightening\" while anyone with half a brain realized knew that this was total BS.</p>\n<p>Fast forward to today when Morgan Stanley's Michael Wilson opens up an old wound for clueless Fed apologists, saying in his latest Weekly Warm Up note that \"Tapering<i><b>is</b></i>Tightening\"... but then adds that contrary to the market's shocked reaction to last week's Fed meeting, tightening actually began months ago.</p>\n<p>Elaborating on this point, Wilson - who several months ago turned into Wall Street's most bearish strategist (again)-&nbsp; writes this morning that while the Fed's pivot to \"begin\" the tightening discussion caught most by surprise, in reality markets began discounting this inevitable process months ago as price action had indicated. It's exactly this discounting of the coming tightening, that is what Michael Wilson's mid-cycle transition is all about, and as the strategist adds, \"<b>fits nicely with our narrative for choppier equity markets and a 10-20% correction for the broader indices this year.\"</b></p>\n<p>Or to paraphrase Lester Burnham,<b>\"it's all downhill from here\"...</b>and as Wilson predicts, that won't change until M2 growth is done decelerating; or in other words, until the Fed unleashes another liquidity burst into the system \"<b><i>the transition is incomplete.\"</i></b></p>\n<p>Highlights aside, Wilson then elaborates on each point, noting that while last week's Fed meeting brought more uncertainty to markets one thing is becoming more obvious:<b>\"we are on the other side of the mountain with respect to monetary accommodation for this cycle.</b>\"</p>\n<p>Furthermore, having repeatedlywarned that the US is now mid-cycle...</p>\n<p><img src=\"https://static.tigerbbs.com/d95f296e4d1300cd3c95485a2333d270\" tg-width=\"906\" tg-height=\"571\" referrerpolicy=\"no-referrer\">... Wilson then takes a victory lap writing that what the Fed is doing is \"classic mid cycle transition behavior so investors really shouldn't be too surprised that the Fed would try to begin the long process of tightening.\"</p>\n<blockquote>\n After all, the US economy is booming and expected to grow close to 10 percent this year in nominal terms, a feat last witnessed in 1984. Meanwhile, no matter what one's view is on inflation being transient or not, prices are up significantly and likely higher than what the Fed, or most others were expecting 6 months ago. In other words, the facts and data have changed; therefore, so should Fed policy.\n</blockquote>\n<p>Nevertheless, as discussed here extensively, markets reacted as if this was a complete shock with both bonds and stocks trading as if the Fed had hiked rates already (instead of leaving over $2TN in QE still on deck) after the Fed meeting. Starting with bonds, both nominal 10 year yields and breakevens fell significantly. However, breakevens fell more leaving 10 year real rates higher by almost 20 bps Wednesday afternoon.</p>\n<p>While real rates did settle back a bit on Thursday and Friday, they have formed what appears to be a very solid base from which they are likely to rise as the economy continues to recover and the Fed appropriately pivots. In Wilson's view, \"<b>this looks very similar to 2013, the year after Peak Fed. Back then, Peak Fed was QE3 which was announced on September 12, 2012. This time Peak Fed was the announcement of Average Inflation Targeting last summer.\"</b></p>\n<p><img src=\"https://static.tigerbbs.com/670f9e23e34953726583276c32a7b3f9\" tg-width=\"843\" tg-height=\"445\"></p>\n<p>That said, there is one notable difference between the taper tantrum and today: in 2013 \"tapering\" QE was a novel concept to markets and it came more abruptly with Bernanke's surprise mention during his congressional testimony on May 22, 2013.<b>This time, the markets understand what tapering is and see its arrival as inevitable as the economy recovers.</b>Therefore, while the path higher for real rates is unlikely to be as dramatic as witnessed in 2013, it is still likely to be higher from here and that is a change that will affect all risk markets, including equities, in Morgan Stanley's view.</p>\n<p>Wilson makes one final observation from the chart above, which is how real rates moved substantially<b>before</b>Bernanke's testimony in May 2013, prompting Wilson to notes that \"<i>perhaps it wasn't as much of a surprise as believed, at least to markets. We think it's the same situation today.\"</i></p>\n<blockquote>\n In our view, the data has been so strong, it would be naive not to think the Fed wasn't moving closer to tapering over the past several months. In fact, the idea that the Fed hasn't been thinking and/or talking about it seems absurd. Surely the market understands this, making the events of the past week not so much of a surprise. It's all part of the mid cycle transition that has been ongoing for months and fits with the choppier price action and unstable market leadership we have been witnessing.\n</blockquote>\n<p>The underperformance of early cycle stocks is another classic signal the market \"gets it.\" Nevertheless, in talking with clients the past few days, this view is still out of consensus. Most haven't been ready for tighter monetary policy, nor did they think it's something they needed to worry about, until now.</p>\n<p>Wrapping up the Fed \"surprise\" part of his note, Wilson writes that contrary to the FOMC shock,<b>monetary tightening actually began months ago if one is looking at the right metric, which to the top Morgan Stanley equity strategist - who emerges as yet another closet Austrian - is</b><b><u>money supply growth</u></b><b>:</b></p>\n<blockquote>\n <i>In a world where all of the major developed market central banks are stuck at the zero bound, or lower,</i>\n <i><b>the primary metric that determines if monetary policy is getting more or less accommodative is Money Supply Growth.</b></i>\n</blockquote>\n<p>Realizing that to most Keynesian this will be a controversial statement to say the least, Wilson digs in and says that \"it's absolutely the case and financial markets seem to agree.\"&nbsp; He explains:</p>\n<blockquote>\n <i>When money supply is accelerating, the more speculative / riskier assets tend to outperform and when it's decelerating these assets have more trouble. As noted here several times over the past few months, the Fed's balance sheet (M1) growth peaked in mid February and that coincided with a top in many of the most expensive/speculative stocks in the equity market just like the acceleration in the Fed's balance sheet in the prior 12 months contributed to their spectacular performance. Interestingly, the recently flattening out of the growth in M1 has coincided with more stability in these stocks, although they remain well below prior highs (Exhibit 2).</i>\n</blockquote>\n<p>And visually:</p>\n<p><img src=\"https://static.tigerbbs.com/392b34be32740b00458d59adb2bb80a6\" tg-width=\"852\" tg-height=\"486\"></p>\n<p>But wait there's more, and also an explanation why the Fed has made it virtually impossible to track the weekly change in M2 (the aggregate is now updated only monthly).</p>\n<p>Taking Wilson's argument a step further,<b>M2 growth might be even more important to monitor than M1 because that's the net liquidity available to the economy</b><b><i>and</i></b><b>markets.</b>On that front, the deceleration also began at the end of February<b>but has not yet flattened out and appears to have much further to fall to a&nbsp; more \"normal\" level of annual growth</b>— i.e., 7-8%</p>\n<p><img src=\"https://static.tigerbbs.com/dd5f46571e7e27f9c00fed0a2d310a3c\" tg-width=\"610\" tg-height=\"376\"></p>\n<p>More ominously, this also suggests<b>liquidity is likely to tighten further from here whether the Fed's begins tapering later this year or next.</b></p>\n<p>Finally, when we look at M2 data on a global basis, we get the same picture.</p>\n<p><img src=\"https://static.tigerbbs.com/c77fa806a6775bc562b18346590d26c9\" tg-width=\"613\" tg-height=\"376\"></p>\n<p>Wilson concludes that even ahead of last week's \"shock\" FOMC, the market had already started to de-rate lower into a mid-cycle transition as Fed balance sheet growth has materially slowed. Meanwhile, M2 is slowing just as rapidly and has further to fall, especially when the Fed begins to taper later this year or early next. Finally, global money supply growth is also slowing from elevated levels and every major region is contributing.</p>\n<p>This to Wilson<b>\"looks reminiscent of 2014 and 2018 when markets went through a rolling correction of risky assets\"</b>and he thinks 2021 will prove to be similar in that regard with the highest beta regions falling first (Kospi, China, Japan) and ending with the most defensive (US).</p>\n<p>Putting it all together, the MS strategist writes that \"tapering is tightening but the tightening process began with the rate of change in money supply growth. The good news is that<b>the market already knows it.</b>The bad news is that<b>a majority of investors seem to be just catching on with the Fed's \"surprise\" announcement this past week.</b>This means asset prices are far from done correcting as witnessed with the more cyclical, reflationary assets taking their turn the past few weeks.\"</p>\n<p>And while we completely agree with Wilson's newly discovered Austrian view of markets - funny how on a long enough timeline everyone turns Austrian - the real question is what will catalyze the next M2 boosting cycle, how high will it push stocks, and will the Fed be forced to come out and start buying equities this time after having nationalized the bond market back in 2020.</p>\n<p>We expect that the answer will be revealed after the next 20% drop at which point all of the Fed's hawkishness will evaporate, and Powell (or his replacement Kashkari) will shift to an uber dovish mode as they prepare to unleash the final and biggest asset bubble of all...</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nForget Everything You Know: Morgan Stanley Reveals The Only Metric That Determines What The Market Will Do Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 14:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will\">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://www.zerohedge.com/markets/forget-everything-you-know-morgan-stanley-reveals-only-metric-determines-what-market-will","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177499959","content_text":"Traders of a certain age may recall that back in 2013, around the time the Fed's \"Taper Tantrum\" sparked a surge in yields and led to a risk asset selloff, a big (if entirely artificial) debate emerged within financial media, where the Fed muppets and their media puppets would argue that \"tapering is not tightening\" while anyone with half a brain realized knew that this was total BS.\nFast forward to today when Morgan Stanley's Michael Wilson opens up an old wound for clueless Fed apologists, saying in his latest Weekly Warm Up note that \"TaperingisTightening\"... but then adds that contrary to the market's shocked reaction to last week's Fed meeting, tightening actually began months ago.\nElaborating on this point, Wilson - who several months ago turned into Wall Street's most bearish strategist (again)-  writes this morning that while the Fed's pivot to \"begin\" the tightening discussion caught most by surprise, in reality markets began discounting this inevitable process months ago as price action had indicated. It's exactly this discounting of the coming tightening, that is what Michael Wilson's mid-cycle transition is all about, and as the strategist adds, \"fits nicely with our narrative for choppier equity markets and a 10-20% correction for the broader indices this year.\"\nOr to paraphrase Lester Burnham,\"it's all downhill from here\"...and as Wilson predicts, that won't change until M2 growth is done decelerating; or in other words, until the Fed unleashes another liquidity burst into the system \"the transition is incomplete.\"\nHighlights aside, Wilson then elaborates on each point, noting that while last week's Fed meeting brought more uncertainty to markets one thing is becoming more obvious:\"we are on the other side of the mountain with respect to monetary accommodation for this cycle.\"\nFurthermore, having repeatedlywarned that the US is now mid-cycle...\n... Wilson then takes a victory lap writing that what the Fed is doing is \"classic mid cycle transition behavior so investors really shouldn't be too surprised that the Fed would try to begin the long process of tightening.\"\n\n After all, the US economy is booming and expected to grow close to 10 percent this year in nominal terms, a feat last witnessed in 1984. Meanwhile, no matter what one's view is on inflation being transient or not, prices are up significantly and likely higher than what the Fed, or most others were expecting 6 months ago. In other words, the facts and data have changed; therefore, so should Fed policy.\n\nNevertheless, as discussed here extensively, markets reacted as if this was a complete shock with both bonds and stocks trading as if the Fed had hiked rates already (instead of leaving over $2TN in QE still on deck) after the Fed meeting. Starting with bonds, both nominal 10 year yields and breakevens fell significantly. However, breakevens fell more leaving 10 year real rates higher by almost 20 bps Wednesday afternoon.\nWhile real rates did settle back a bit on Thursday and Friday, they have formed what appears to be a very solid base from which they are likely to rise as the economy continues to recover and the Fed appropriately pivots. In Wilson's view, \"this looks very similar to 2013, the year after Peak Fed. Back then, Peak Fed was QE3 which was announced on September 12, 2012. This time Peak Fed was the announcement of Average Inflation Targeting last summer.\"\n\nThat said, there is one notable difference between the taper tantrum and today: in 2013 \"tapering\" QE was a novel concept to markets and it came more abruptly with Bernanke's surprise mention during his congressional testimony on May 22, 2013.This time, the markets understand what tapering is and see its arrival as inevitable as the economy recovers.Therefore, while the path higher for real rates is unlikely to be as dramatic as witnessed in 2013, it is still likely to be higher from here and that is a change that will affect all risk markets, including equities, in Morgan Stanley's view.\nWilson makes one final observation from the chart above, which is how real rates moved substantiallybeforeBernanke's testimony in May 2013, prompting Wilson to notes that \"perhaps it wasn't as much of a surprise as believed, at least to markets. We think it's the same situation today.\"\n\n In our view, the data has been so strong, it would be naive not to think the Fed wasn't moving closer to tapering over the past several months. In fact, the idea that the Fed hasn't been thinking and/or talking about it seems absurd. Surely the market understands this, making the events of the past week not so much of a surprise. It's all part of the mid cycle transition that has been ongoing for months and fits with the choppier price action and unstable market leadership we have been witnessing.\n\nThe underperformance of early cycle stocks is another classic signal the market \"gets it.\" Nevertheless, in talking with clients the past few days, this view is still out of consensus. Most haven't been ready for tighter monetary policy, nor did they think it's something they needed to worry about, until now.\nWrapping up the Fed \"surprise\" part of his note, Wilson writes that contrary to the FOMC shock,monetary tightening actually began months ago if one is looking at the right metric, which to the top Morgan Stanley equity strategist - who emerges as yet another closet Austrian - ismoney supply growth:\n\nIn a world where all of the major developed market central banks are stuck at the zero bound, or lower,\nthe primary metric that determines if monetary policy is getting more or less accommodative is Money Supply Growth.\n\nRealizing that to most Keynesian this will be a controversial statement to say the least, Wilson digs in and says that \"it's absolutely the case and financial markets seem to agree.\"  He explains:\n\nWhen money supply is accelerating, the more speculative / riskier assets tend to outperform and when it's decelerating these assets have more trouble. As noted here several times over the past few months, the Fed's balance sheet (M1) growth peaked in mid February and that coincided with a top in many of the most expensive/speculative stocks in the equity market just like the acceleration in the Fed's balance sheet in the prior 12 months contributed to their spectacular performance. Interestingly, the recently flattening out of the growth in M1 has coincided with more stability in these stocks, although they remain well below prior highs (Exhibit 2).\n\nAnd visually:\n\nBut wait there's more, and also an explanation why the Fed has made it virtually impossible to track the weekly change in M2 (the aggregate is now updated only monthly).\nTaking Wilson's argument a step further,M2 growth might be even more important to monitor than M1 because that's the net liquidity available to the economyandmarkets.On that front, the deceleration also began at the end of Februarybut has not yet flattened out and appears to have much further to fall to a  more \"normal\" level of annual growth— i.e., 7-8%\n\nMore ominously, this also suggestsliquidity is likely to tighten further from here whether the Fed's begins tapering later this year or next.\nFinally, when we look at M2 data on a global basis, we get the same picture.\n\nWilson concludes that even ahead of last week's \"shock\" FOMC, the market had already started to de-rate lower into a mid-cycle transition as Fed balance sheet growth has materially slowed. Meanwhile, M2 is slowing just as rapidly and has further to fall, especially when the Fed begins to taper later this year or early next. Finally, global money supply growth is also slowing from elevated levels and every major region is contributing.\nThis to Wilson\"looks reminiscent of 2014 and 2018 when markets went through a rolling correction of risky assets\"and he thinks 2021 will prove to be similar in that regard with the highest beta regions falling first (Kospi, China, Japan) and ending with the most defensive (US).\nPutting it all together, the MS strategist writes that \"tapering is tightening but the tightening process began with the rate of change in money supply growth. The good news is thatthe market already knows it.The bad news is thata majority of investors seem to be just catching on with the Fed's \"surprise\" announcement this past week.This means asset prices are far from done correcting as witnessed with the more cyclical, reflationary assets taking their turn the past few weeks.\"\nAnd while we completely agree with Wilson's newly discovered Austrian view of markets - funny how on a long enough timeline everyone turns Austrian - the real question is what will catalyze the next M2 boosting cycle, how high will it push stocks, and will the Fed be forced to come out and start buying equities this time after having nationalized the bond market back in 2020.\nWe expect that the answer will be revealed after the next 20% drop at which point all of the Fed's hawkishness will evaporate, and Powell (or his replacement Kashkari) will shift to an uber dovish mode as they prepare to unleash the final and biggest asset bubble of all...","news_type":1},"isVote":1,"tweetType":1,"viewCount":112,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129130950,"gmtCreate":1624363903470,"gmtModify":1703834415474,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129130950","repostId":"2145056554","repostType":4,"repost":{"id":"2145056554","pubTimestamp":1624356900,"share":"https://ttm.financial/m/news/2145056554?lang=&edition=fundamental","pubTime":"2021-06-22 18:15","market":"us","language":"en","title":"These 3 Dow Stocks Are Set to Soar in 2021's Second Half","url":"https://stock-news.laohu8.com/highlight/detail?id=2145056554","media":"Motley Fool","summary":"Here are the companies investors are most excited about -- and why.","content":"<p>The <b>Dow Jones Industrial Average </b>(DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past years. But given everything that's happening in the economy, it's not surprising to see investors rein in their expectations somewhat on some of the top-performing stocks in the market.</p>\n<p>Yet even with the gains the overall market has seen, there are still some Dow stocks that haven't climbed as far as they might. In particular, analysts looking at three stocks among the Dow Jones Industrials see the potential for substantial gains in the second half of 2021 and beyond. Below, we'll look at these three companies to see what it'll take for them to produce the big returns that investors want right now.</p>\n<h3>UnitedHealth: 34% upside</h3>\n<p><b>UnitedHealth Group </b>(NYSE:UNH) has already put in a reasonable performance in the Dow so far this year. The health insurance giant's stock is up about 11% year to date, outpacing the broader average very slightly.</p>\n<p>Yet investors see a lot more upside for the healthcare giant. The top price target among Wall Street analysts for UnitedHealth is $522 per share, which implies roughly a 34% gain from current levels.</p>\n<p>UnitedHealth has done an excellent job of navigating the ever-changing landscape of the healthcare and health insurance industries. As the largest health insurance company in the world, UnitedHealth offers coverage not just for private businesses but also for those eligible for government programs like Medicare and Medicaid.</p>\n<p>Indeed, UnitedHealth's handling of plans under the Affordable Care Act has been masterful, with the company having participated in the program better known as Obamacare while not overcommitting to it. With the Supreme Court having recently upheld the validity of the Affordable Care Act, UnitedHealth finds itself in a strong position to keep benefiting from its mix of business.</p>\n<p><img src=\"https://static.tigerbbs.com/ffe66b7aafd67e07dd42007f2b60d638\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Yet many overlook the value of UnitedHealth's Optum health services unit. By aiming to help providers encourage health and wellness, Optum generates higher-margin revenue while often producing better outcomes for patients and members. With both growth drivers pushing the company forward, UnitedHealth looks well poised to keep climbing.</p>\n<h3>Goldman Sachs: 36% upside</h3>\n<p>Wall Street has enjoyed the bull market in stocks, and that's been a blessing for investment bank <b>Goldman Sachs </b>(NYSE:GS). The perennial financial giant has seen its stock rise 34% so far in 2021 after less impressive performance during 2020.</p>\n<p>On <a href=\"https://laohu8.com/S/AONE\">one</a> hand, Goldman has reflected the broader performance of financial stocks across the market. Interest rates have generally been on the rise, and that's bolstered the prospects for more net-interest income from retail banking operations. Goldman lags behind its big-bank peers on the consumer banking front, but its relatively new Marcus unit has done a good job of attracting capital thus far.</p>\n<p>On the other hand, Goldman continues to rely on its investment banking operations, and strong activity levels among initial public offerings and mergers and acquisitions (M&amp;A) have fed the company's coffers nicely. Financing remains relatively easy to get, and that could spur more M&amp;A activity that in turn could keep growing revenue for Goldman's investment banking division. Add to that possible tailwinds from macroeconomic factors, and it is in a solid position to climb as high as the $484 per share that represents the top price target among those following the financial stock.</p>\n<h3>Apple: 42% upside</h3>\n<p>Lastly, <b>Apple </b>(NASDAQ:AAPL) rounds out this list. Recently fetching $130 per share, some see the iPhone maker's stock climbing to $185. That'd be a 42% jump to help Apple recover from its 2% loss so far in 2021.</p>\n<p>Apple's gains have continued to impress. Revenue jumped 54% in its most recent quarter, with sales of the iPhone 12 and various other products and accessories continuing to drive sales for the company. Returning capital to shareholders via dividends and stock buybacks has had a substantial impact on financial performance, especially with the number of outstanding shares having plunged by roughly 35% in just the past decade.</p>\n<p>Many fear that Apple hasn't generated the innovative product lines that drove its success in the mid-2000s. However, at least for now, consumers seem content with iterations on existing product lines, and as long as that remains a successful strategy, further gains for the stock seem realistic.</p>\n<h3>Further to run?</h3>\n<p>Even with solid gains for the Dow in 2021, the long-term trajectory for stocks remains upward. That's a big part of why Apple, Goldman Sachs, and UnitedHealth Group look as promising as they do. Smart investors should at least keep an eye on these three stocks to see if they can live up to their full potential.</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>These 3 Dow Stocks Are Set to Soar in 2021's Second Half</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\">\nThese 3 Dow Stocks Are Set to Soar in 2021's Second Half\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow Jones Industrial Average (DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指","UNH":"联合健康"},"source_url":"https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145056554","content_text":"The Dow Jones Industrial Average (DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past years. But given everything that's happening in the economy, it's not surprising to see investors rein in their expectations somewhat on some of the top-performing stocks in the market.\nYet even with the gains the overall market has seen, there are still some Dow stocks that haven't climbed as far as they might. In particular, analysts looking at three stocks among the Dow Jones Industrials see the potential for substantial gains in the second half of 2021 and beyond. Below, we'll look at these three companies to see what it'll take for them to produce the big returns that investors want right now.\nUnitedHealth: 34% upside\nUnitedHealth Group (NYSE:UNH) has already put in a reasonable performance in the Dow so far this year. The health insurance giant's stock is up about 11% year to date, outpacing the broader average very slightly.\nYet investors see a lot more upside for the healthcare giant. The top price target among Wall Street analysts for UnitedHealth is $522 per share, which implies roughly a 34% gain from current levels.\nUnitedHealth has done an excellent job of navigating the ever-changing landscape of the healthcare and health insurance industries. As the largest health insurance company in the world, UnitedHealth offers coverage not just for private businesses but also for those eligible for government programs like Medicare and Medicaid.\nIndeed, UnitedHealth's handling of plans under the Affordable Care Act has been masterful, with the company having participated in the program better known as Obamacare while not overcommitting to it. With the Supreme Court having recently upheld the validity of the Affordable Care Act, UnitedHealth finds itself in a strong position to keep benefiting from its mix of business.\n\nImage source: Getty Images.\nYet many overlook the value of UnitedHealth's Optum health services unit. By aiming to help providers encourage health and wellness, Optum generates higher-margin revenue while often producing better outcomes for patients and members. With both growth drivers pushing the company forward, UnitedHealth looks well poised to keep climbing.\nGoldman Sachs: 36% upside\nWall Street has enjoyed the bull market in stocks, and that's been a blessing for investment bank Goldman Sachs (NYSE:GS). The perennial financial giant has seen its stock rise 34% so far in 2021 after less impressive performance during 2020.\nOn one hand, Goldman has reflected the broader performance of financial stocks across the market. Interest rates have generally been on the rise, and that's bolstered the prospects for more net-interest income from retail banking operations. Goldman lags behind its big-bank peers on the consumer banking front, but its relatively new Marcus unit has done a good job of attracting capital thus far.\nOn the other hand, Goldman continues to rely on its investment banking operations, and strong activity levels among initial public offerings and mergers and acquisitions (M&A) have fed the company's coffers nicely. Financing remains relatively easy to get, and that could spur more M&A activity that in turn could keep growing revenue for Goldman's investment banking division. Add to that possible tailwinds from macroeconomic factors, and it is in a solid position to climb as high as the $484 per share that represents the top price target among those following the financial stock.\nApple: 42% upside\nLastly, Apple (NASDAQ:AAPL) rounds out this list. Recently fetching $130 per share, some see the iPhone maker's stock climbing to $185. That'd be a 42% jump to help Apple recover from its 2% loss so far in 2021.\nApple's gains have continued to impress. Revenue jumped 54% in its most recent quarter, with sales of the iPhone 12 and various other products and accessories continuing to drive sales for the company. Returning capital to shareholders via dividends and stock buybacks has had a substantial impact on financial performance, especially with the number of outstanding shares having plunged by roughly 35% in just the past decade.\nMany fear that Apple hasn't generated the innovative product lines that drove its success in the mid-2000s. However, at least for now, consumers seem content with iterations on existing product lines, and as long as that remains a successful strategy, further gains for the stock seem realistic.\nFurther to run?\nEven with solid gains for the Dow in 2021, the long-term trajectory for stocks remains upward. That's a big part of why Apple, Goldman Sachs, and UnitedHealth Group look as promising as they do. Smart investors should at least keep an eye on these three stocks to see if they can live up to their full potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129197538,"gmtCreate":1624363880124,"gmtModify":1703834419365,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129197538","repostId":"1110726798","repostType":4,"repost":{"id":"1110726798","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":1624362092,"share":"https://ttm.financial/m/news/1110726798?lang=&edition=fundamental","pubTime":"2021-06-22 19:41","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1110726798","media":"Tiger Newspress","summary":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps ","content":"<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</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>Toplines Before US Market Open on Tuesday</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\">\nToplines Before US Market Open on Tuesday\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\">2021-06-22 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110726798","content_text":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps After Raising More Than $1 Billion in New Shares.\nGameStop, MicroVision, Sanderson Farms & more made the biggest moves in the premarket.\n\n(June 22) Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.\nAt 7:47 a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.\n\nStocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms & more\n1) GameStop(GME) – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.\n2) MicroVision(MVIS) – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.\n3) Sanderson Farms(SAFM) – Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.\n4) Torchlight Energy Resources(TRCH) – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.\n5) Alphabet(GOOGL) – The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.\n6) Korn Ferry(KFY) – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.\n7) Plug Power(PLUG) – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.\n8) Boeing(BA) – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.\n9) Delta Air Lines(DAL) – Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.\n10) Lordstown Motors(RIDE) – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.\n11) Exxon Mobil(XOM) – Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.\n12) CrowdStrike(CRWD) – CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167815351,"gmtCreate":1624258258273,"gmtModify":1703831772866,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167815351","repostId":"2145083140","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167812707,"gmtCreate":1624258245709,"gmtModify":1703831772371,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167812707","repostId":"2145808349","repostType":4,"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167812663,"gmtCreate":1624258232852,"gmtModify":1703831771876,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3564564201334764","idStr":"3564564201334764"},"themes":[],"htmlText":"Woo","listText":"Woo","text":"Woo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167812663","repostId":"2145083294","repostType":4,"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":129197538,"gmtCreate":1624363880124,"gmtModify":1703834419365,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129197538","repostId":"1110726798","repostType":4,"repost":{"id":"1110726798","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":1624362092,"share":"https://ttm.financial/m/news/1110726798?lang=&edition=fundamental","pubTime":"2021-06-22 19:41","market":"us","language":"en","title":"Toplines Before US Market Open on Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1110726798","media":"Tiger Newspress","summary":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps ","content":"<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</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>Toplines Before US Market Open on Tuesday</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\">\nToplines Before US Market Open on Tuesday\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\">2021-06-22 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Stock futures rise to extend earlier gains.</li>\n <li>Torchlight Energy Price Gains Premarket.</li>\n <li>GameStop Jumps After Raising More Than $1 Billion in New Shares.</li>\n <li>GameStop, MicroVision, Sanderson Farms &amp; more made the biggest moves in the premarket.</li>\n</ul>\n<p>(June 22)&nbsp;Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.</p>\n<p>At 7:47&nbsp;a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&amp;P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.</p>\n<p><img src=\"https://static.tigerbbs.com/127a76b6bde89676371162b1b268b550\" tg-width=\"1242\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms &amp; more</b></p>\n<p><b>1)&nbsp;GameStop(GME)</b> – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.</p>\n<p><b>2)&nbsp;MicroVision(MVIS)</b> – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.</p>\n<p><b>3)&nbsp;Sanderson Farms(SAFM) </b>– Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.</p>\n<p><b>4)&nbsp;Torchlight Energy Resources(TRCH)</b> – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.</p>\n<p><b>5)&nbsp;Alphabet(GOOGL) </b>– The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.</p>\n<p><b>6)&nbsp;Korn Ferry(KFY)</b> – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.</p>\n<p><b>7)&nbsp;Plug Power(PLUG)</b> – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.</p>\n<p><b>8)&nbsp;Boeing(BA)</b> – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.</p>\n<p><b>9)&nbsp;Delta Air Lines(DAL) </b>– Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.</p>\n<p><b>10)&nbsp;Lordstown Motors(RIDE)</b> – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.</p>\n<p><b>11)&nbsp;Exxon Mobil(XOM) </b>– Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.</p>\n<p><b>12)&nbsp;CrowdStrike(CRWD) </b>– CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110726798","content_text":"Stock futures rise to extend earlier gains.\nTorchlight Energy Price Gains Premarket.\nGameStop Jumps After Raising More Than $1 Billion in New Shares.\nGameStop, MicroVision, Sanderson Farms & more made the biggest moves in the premarket.\n\n(June 22) Stock futures rose Tuesday morning to build on gains from a day earlier, with equities recovering from concerns over the path forward for monetary policy last week.\nAt 7:47 a.m. ET, Dow e-minis were up 23 points, or 0.07%, S&P 500 e-minis were up 5.75 points, or 0.14%, and Nasdaq 100 e-minis were up 39.25 points, or 0.28%.\n\nStocks making the biggest moves in the premarket: GameStop, MicroVision, Sanderson Farms & more\n1) GameStop(GME) – The videogame retailer's stock jumped 6.8% in the premarket after it had announced it had completed a previously announced sale of 5 million common shares, raising $1.126 billion.\n2) MicroVision(MVIS) – MicroVision shares slid 10.8% in the premarket after the laser technology company said it would sell up to $140 million of stock \"from time to time\" and use the funds for general corporate purposes.\n3) Sanderson Farms(SAFM) – Sanderson Farms is exploring a possible sale, according to people familiar with the matter who spoke to The Wall Street Journal. The paper said the poultry producer has already drawn interest from suitors such as agricultural investment firm Continental Grain. The stock surged 10% in premarket action.\n4) Torchlight Energy Resources(TRCH) – Torchlight shares gained another 4.9% in premarket trading after a 58% surge in Monday's trading. The oil and gas producer is among the stocks getting increased social media attention on sites like Reddit and Stocktwits.\n5) Alphabet(GOOGL) – The European Unionhas opened a formal antitrust probeof Google's digital ad practices. Part of the investigation will cover some of the same areas involved in a case filed by several U.S. states against the Alphabet operation last year.\n6) Korn Ferry(KFY) – The consulting firm reported quarterly earnings of $1.21 per share, beating the consensus estimate of 98 cents a share. Revenue topped Wall Street forecasts as well, boosted by its services that help businesses with organizational issues.\n7) Plug Power(PLUG) – The alternative energy provider lost 12 cents per share for its latest quarter, wider than the 8 cents a share loss analysts were expecting. Revenue also came in below estimates. The company said it was hurt by short-term issues – such as hydrogen shortages and the Texas freeze – which are abating in the current quarter. Plug Power shares gained 1.4% in premarket trading.\n8) Boeing(BA) – Boeing announced the departure of lobbyist and political strategist Tim Keating. No reason was given for Keating’s departure, though the company said a search is underway for a permanent replacement. Keating was a key figure helping Boeing navigate the crisis that followed two fatal crashes of the company’s 737 Max jet.\n9) Delta Air Lines(DAL) – Delta plans to hire 1,000 more pilots by next summer, according to an internal company memo. The move comes amid a rebound in travel, with Delta saying the leisure travel is already back to pre-pandemic levels and business travel is picking up as well.\n10) Lordstown Motors(RIDE) – Lordstown remains on watch today following a 5.5% Monday drop. The electric vehicle maker’s executive chairman Angela Strand said the company is “evaluating strategic partners” as part of its search for new funding.\n11) Exxon Mobil(XOM) – Exxon Mobil is denying a Bloomberg report that it plans to cut 5% to 10% of its office workforce annually over the next three to five years. Exxon told CNBC it is merely going through its annual employee assessments, which are unrelated to workforce reductions.\n12) CrowdStrike(CRWD) – CrowdStrike was upgraded to “buy” from “hold” at Stifel Financial, which points to the cybersecurity company’s potential to increase profit margins and its ability to acquire new customers. CrowdStrike gained 2.8% in the premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167812663,"gmtCreate":1624258232852,"gmtModify":1703831771876,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Woo","listText":"Woo","text":"Woo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167812663","repostId":"2145083294","repostType":4,"repost":{"id":"2145083294","pubTimestamp":1624256400,"share":"https://ttm.financial/m/news/2145083294?lang=&edition=fundamental","pubTime":"2021-06-21 14:20","market":"sh","language":"en","title":"China deposit rate reform to have limited impact - industry body","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083294","media":"StreetInsider","summary":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limite","content":"<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.</p>\n<p>The body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.</p>\n<p>From Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>Ceilings on banks' deposit rates with maturities of more than <a href=\"https://laohu8.com/S/AONE\">one</a> year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).</p>\n<p>Sources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.</p>\n<p>All banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.</p>\n<p>A reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.</p>\n<p>In October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.</p>\n<p>Some Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China deposit rate reform to have limited impact - industry body</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\">\nChina deposit rate reform to have limited impact - industry body\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 14:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579361><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579361\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAAS":"中汽系统"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579361","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083294","content_text":"BEIJING (Reuters) - China's reforms to the way banks calculate deposit rates will have only a limited impact on financial institutions and depositors, and banks do not need to sharply adjust deposit rates, an industry body overseeing rates said on Monday.\nThe body said the previous practice of multiplying the benchmark rate helped push up long-term rates and led to competition among banks to lure deposits by raising rates or unveiling innovative products.\nFrom Monday, June 21, China will allow banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.\nCeilings on banks' deposit rates with maturities of more than one year have declined following the reforms, while ceilings on banks' time deposit rates with maturities of six months or less have risen, according to the body, which is supervised by the People's Bank of China (PBOC).\nSources have told Reuters that China plans to reform the way banks calculate deposit rates, setting new ceilings of up to 75 basis points above the benchmark rate for some lenders.\nAll banks will be allowed to add up to 20 basis points (bps) to the benchmark rate on demand deposits and small Chinese banks and foreign banks will be permitted to add up to 75 bps to the benchmark rate on time deposit rates, the sources said.\nA reasonable margin between deposit rates of small- and medium-sized banks and those of state-owned banks will be conducive to maintaining the current relatively balanced market competition environment, the industry body said.\nIn October 2015, the PBOC scrapped the ceiling on bank deposit rates, which are still constrained by its window guidance and pricing mechanism. The PBOC has kept the benchmark deposit rate unchanged at 1.5% since then.\nSome Shenzhen banks have lowered their deposit rates, said the Shenzhen Special Zone Daily on Monday, following interest rate reform meetings held in Beijing. The paper cited unnamed sources.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128648876,"gmtCreate":1624515499795,"gmtModify":1703839032496,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/128648876","repostId":"1115900977","repostType":4,"isVote":1,"tweetType":1,"viewCount":267,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129130950,"gmtCreate":1624363903470,"gmtModify":1703834415474,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129130950","repostId":"2145056554","repostType":4,"repost":{"id":"2145056554","pubTimestamp":1624356900,"share":"https://ttm.financial/m/news/2145056554?lang=&edition=fundamental","pubTime":"2021-06-22 18:15","market":"us","language":"en","title":"These 3 Dow Stocks Are Set to Soar in 2021's Second Half","url":"https://stock-news.laohu8.com/highlight/detail?id=2145056554","media":"Motley Fool","summary":"Here are the companies investors are most excited about -- and why.","content":"<p>The <b>Dow Jones Industrial Average </b>(DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past years. But given everything that's happening in the economy, it's not surprising to see investors rein in their expectations somewhat on some of the top-performing stocks in the market.</p>\n<p>Yet even with the gains the overall market has seen, there are still some Dow stocks that haven't climbed as far as they might. In particular, analysts looking at three stocks among the Dow Jones Industrials see the potential for substantial gains in the second half of 2021 and beyond. Below, we'll look at these three companies to see what it'll take for them to produce the big returns that investors want right now.</p>\n<h3>UnitedHealth: 34% upside</h3>\n<p><b>UnitedHealth Group </b>(NYSE:UNH) has already put in a reasonable performance in the Dow so far this year. The health insurance giant's stock is up about 11% year to date, outpacing the broader average very slightly.</p>\n<p>Yet investors see a lot more upside for the healthcare giant. The top price target among Wall Street analysts for UnitedHealth is $522 per share, which implies roughly a 34% gain from current levels.</p>\n<p>UnitedHealth has done an excellent job of navigating the ever-changing landscape of the healthcare and health insurance industries. As the largest health insurance company in the world, UnitedHealth offers coverage not just for private businesses but also for those eligible for government programs like Medicare and Medicaid.</p>\n<p>Indeed, UnitedHealth's handling of plans under the Affordable Care Act has been masterful, with the company having participated in the program better known as Obamacare while not overcommitting to it. With the Supreme Court having recently upheld the validity of the Affordable Care Act, UnitedHealth finds itself in a strong position to keep benefiting from its mix of business.</p>\n<p><img src=\"https://static.tigerbbs.com/ffe66b7aafd67e07dd42007f2b60d638\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<p>Yet many overlook the value of UnitedHealth's Optum health services unit. By aiming to help providers encourage health and wellness, Optum generates higher-margin revenue while often producing better outcomes for patients and members. With both growth drivers pushing the company forward, UnitedHealth looks well poised to keep climbing.</p>\n<h3>Goldman Sachs: 36% upside</h3>\n<p>Wall Street has enjoyed the bull market in stocks, and that's been a blessing for investment bank <b>Goldman Sachs </b>(NYSE:GS). The perennial financial giant has seen its stock rise 34% so far in 2021 after less impressive performance during 2020.</p>\n<p>On <a href=\"https://laohu8.com/S/AONE\">one</a> hand, Goldman has reflected the broader performance of financial stocks across the market. Interest rates have generally been on the rise, and that's bolstered the prospects for more net-interest income from retail banking operations. Goldman lags behind its big-bank peers on the consumer banking front, but its relatively new Marcus unit has done a good job of attracting capital thus far.</p>\n<p>On the other hand, Goldman continues to rely on its investment banking operations, and strong activity levels among initial public offerings and mergers and acquisitions (M&amp;A) have fed the company's coffers nicely. Financing remains relatively easy to get, and that could spur more M&amp;A activity that in turn could keep growing revenue for Goldman's investment banking division. Add to that possible tailwinds from macroeconomic factors, and it is in a solid position to climb as high as the $484 per share that represents the top price target among those following the financial stock.</p>\n<h3>Apple: 42% upside</h3>\n<p>Lastly, <b>Apple </b>(NASDAQ:AAPL) rounds out this list. Recently fetching $130 per share, some see the iPhone maker's stock climbing to $185. That'd be a 42% jump to help Apple recover from its 2% loss so far in 2021.</p>\n<p>Apple's gains have continued to impress. Revenue jumped 54% in its most recent quarter, with sales of the iPhone 12 and various other products and accessories continuing to drive sales for the company. Returning capital to shareholders via dividends and stock buybacks has had a substantial impact on financial performance, especially with the number of outstanding shares having plunged by roughly 35% in just the past decade.</p>\n<p>Many fear that Apple hasn't generated the innovative product lines that drove its success in the mid-2000s. However, at least for now, consumers seem content with iterations on existing product lines, and as long as that remains a successful strategy, further gains for the stock seem realistic.</p>\n<h3>Further to run?</h3>\n<p>Even with solid gains for the Dow in 2021, the long-term trajectory for stocks remains upward. That's a big part of why Apple, Goldman Sachs, and UnitedHealth Group look as promising as they do. Smart investors should at least keep an eye on these three stocks to see if they can live up to their full potential.</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>These 3 Dow Stocks Are Set to Soar in 2021's Second Half</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\">\nThese 3 Dow Stocks Are Set to Soar in 2021's Second Half\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 18:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Dow Jones Industrial Average (DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛","AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指","UNH":"联合健康"},"source_url":"https://www.fool.com/investing/2021/06/22/these-3-dow-stocks-set-to-soar-2021s-second-half/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145056554","content_text":"The Dow Jones Industrial Average (DJINDICES:^DJI) has had a solid year so far in 2021. Gains of 9% might not seem like all that much compared to the double-digit percentage gains we've seen in past years. But given everything that's happening in the economy, it's not surprising to see investors rein in their expectations somewhat on some of the top-performing stocks in the market.\nYet even with the gains the overall market has seen, there are still some Dow stocks that haven't climbed as far as they might. In particular, analysts looking at three stocks among the Dow Jones Industrials see the potential for substantial gains in the second half of 2021 and beyond. Below, we'll look at these three companies to see what it'll take for them to produce the big returns that investors want right now.\nUnitedHealth: 34% upside\nUnitedHealth Group (NYSE:UNH) has already put in a reasonable performance in the Dow so far this year. The health insurance giant's stock is up about 11% year to date, outpacing the broader average very slightly.\nYet investors see a lot more upside for the healthcare giant. The top price target among Wall Street analysts for UnitedHealth is $522 per share, which implies roughly a 34% gain from current levels.\nUnitedHealth has done an excellent job of navigating the ever-changing landscape of the healthcare and health insurance industries. As the largest health insurance company in the world, UnitedHealth offers coverage not just for private businesses but also for those eligible for government programs like Medicare and Medicaid.\nIndeed, UnitedHealth's handling of plans under the Affordable Care Act has been masterful, with the company having participated in the program better known as Obamacare while not overcommitting to it. With the Supreme Court having recently upheld the validity of the Affordable Care Act, UnitedHealth finds itself in a strong position to keep benefiting from its mix of business.\n\nImage source: Getty Images.\nYet many overlook the value of UnitedHealth's Optum health services unit. By aiming to help providers encourage health and wellness, Optum generates higher-margin revenue while often producing better outcomes for patients and members. With both growth drivers pushing the company forward, UnitedHealth looks well poised to keep climbing.\nGoldman Sachs: 36% upside\nWall Street has enjoyed the bull market in stocks, and that's been a blessing for investment bank Goldman Sachs (NYSE:GS). The perennial financial giant has seen its stock rise 34% so far in 2021 after less impressive performance during 2020.\nOn one hand, Goldman has reflected the broader performance of financial stocks across the market. Interest rates have generally been on the rise, and that's bolstered the prospects for more net-interest income from retail banking operations. Goldman lags behind its big-bank peers on the consumer banking front, but its relatively new Marcus unit has done a good job of attracting capital thus far.\nOn the other hand, Goldman continues to rely on its investment banking operations, and strong activity levels among initial public offerings and mergers and acquisitions (M&A) have fed the company's coffers nicely. Financing remains relatively easy to get, and that could spur more M&A activity that in turn could keep growing revenue for Goldman's investment banking division. Add to that possible tailwinds from macroeconomic factors, and it is in a solid position to climb as high as the $484 per share that represents the top price target among those following the financial stock.\nApple: 42% upside\nLastly, Apple (NASDAQ:AAPL) rounds out this list. Recently fetching $130 per share, some see the iPhone maker's stock climbing to $185. That'd be a 42% jump to help Apple recover from its 2% loss so far in 2021.\nApple's gains have continued to impress. Revenue jumped 54% in its most recent quarter, with sales of the iPhone 12 and various other products and accessories continuing to drive sales for the company. Returning capital to shareholders via dividends and stock buybacks has had a substantial impact on financial performance, especially with the number of outstanding shares having plunged by roughly 35% in just the past decade.\nMany fear that Apple hasn't generated the innovative product lines that drove its success in the mid-2000s. However, at least for now, consumers seem content with iterations on existing product lines, and as long as that remains a successful strategy, further gains for the stock seem realistic.\nFurther to run?\nEven with solid gains for the Dow in 2021, the long-term trajectory for stocks remains upward. That's a big part of why Apple, Goldman Sachs, and UnitedHealth Group look as promising as they do. Smart investors should at least keep an eye on these three stocks to see if they can live up to their full potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128643504,"gmtCreate":1624515440808,"gmtModify":1703839029747,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/128643504","repostId":"1199514762","repostType":4,"repost":{"id":"1199514762","pubTimestamp":1624514690,"share":"https://ttm.financial/m/news/1199514762?lang=&edition=fundamental","pubTime":"2021-06-24 14:04","market":"us","language":"en","title":"Bezos' 2021 Space Odyssey a risk too far for insurers","url":"https://stock-news.laohu8.com/highlight/detail?id=1199514762","media":"Reuters","summary":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap t","content":"<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.</p>\n<p>Amazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.</p>\n<p>And while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.</p>\n<p>“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.</p>\n<p>There is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.</p>\n<p>“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.</p>\n<p>Assuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.</p>\n<p>The only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.</p>\n<p>Bezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.</p>\n<p>‘DIFFERENT RISK PROFILES’</p>\n<p>Being uninsured in space is nothing new.</p>\n<p>NASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.</p>\n<p>NASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.</p>\n<p>Charles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.</p>\n<p>“They and their families understand the risks of the work they do, Wetton said.</p>\n<p>But commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.</p>\n<p>Blue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.</p>\n<p>Virgin Galactic said participants will get three days of training and preparation before the launch.</p>\n<p>Insurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.</p>\n<p>NASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.</p>\n<p>It is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.</p>\n<p>The only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.</p>\n<p>Blue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.</p>\n<p>MILLION DOLLAR QUESTION</p>\n<p>A key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.</p>\n<p>The U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.</p>\n<p>The first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.</p>\n<p>Space trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.</p>\n<p>“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.</p>\n<p>While air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.</p>\n<p>However, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.</p>\n<p>“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.</p>\n<p>“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.</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>Bezos' 2021 Space Odyssey a risk too far for insurers</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBezos' 2021 Space Odyssey a risk too far for insurers\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space ...</p>\n\n<a href=\"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.reuters.com/article/space-exploration-insurance/focus-bezos-2021-space-odyssey-a-risk-too-far-for-insurers-idUSL3N2NY3PO","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199514762","content_text":"June 24 (Reuters) - Launching one of the richest individuals on earth into orbit has proved a leap too far for insurers, who are not ready to price the risk of losing Jeff Bezos or his fellow space travelers.\nAmazon CEO Bezos, a lifelong space enthusiast, has been vying with Elon Musk and Richard Branson to become the first billionaire to fly beyond the earth’s atmosphere.\nAnd while insurers are well known for offering cover for even the most outlandish of risks, at a price, potential accidents in space are not yet among them.\n“Space tourism involves significant risk, but is not an issue life insurers specifically ask about as yet because it is so rare for anyone to travel into space,” Insurance Information Institute (III) spokesperson Michael Barry said.\nThere is a nearly $500 million market to insure satellites, rockets and unmanned space flight, but no legal requirement for an operator such as Blue Origin, which Bezos founded, to insure passengers for injury or death or for space tourists to have life cover, brokers and insurers said.\n“We’re not aware of a case where anybody is insured against passenger liability,” Neil Stevens, senior vice president, aviation and space at Marsh, the world’s biggest insurance broker, told Reuters.\nAssuming they lift-off as planned next month, Bezos and the other wannabe astronauts on Blue Origin’s New Shepard spacecraft will not only spend several minutes 62 miles (100 km) above the earth in a truck-sized capsule, they also have to get back.\nThe only group that has regularly flown humans sub-orbitally since the 1960s is Branson’s Virgin Galactic. All have been tests, with one failure in 2014 resulting in a death. Blue Origin has flown 15 unmanned sub-orbital flights with no failures, Seradata SpaceTrak data showed on June 10.\nBezos, Blue Origin and Virgin Galactic did not respond to requests for comment from Reuters on their insurance plans and flight records.\n‘DIFFERENT RISK PROFILES’\nBeing uninsured in space is nothing new.\nNASA and the U.S., in general, do not buy liability cover, with government launches basically insured by taxpayers, Richard Parker of Assure Space, a unit of insurer AmTrust Financial that provides space insurance, said.\nNASA astronauts are eligible for government life insurance programs, a NASA spokesperson said in an emailed response.\nCharles Wetton, underwriting manager for space policies at insurer Global Aerospace, said astronauts on government-funded missions are carefully selected for their knowledge, skills and fitness and train for several years before blast off.\n“They and their families understand the risks of the work they do, Wetton said.\nBut commercial space cadets may only get a few days of training for a sub-orbital flight or a few months for a ride to the International Space Station (ISS), Wetton said, adding: “These represent two very different risk profiles that insurers will take into account”.\nBlue Origin on its website says the spaceflight passenger will receive training the day before the launch, including mission and vehicle overviews, safety briefings, mission simulation and instruction on in-flight activities.\nVirgin Galactic said participants will get three days of training and preparation before the launch.\nInsurers expect iron clad waivers and contracts from commercial space travel firms, stating they will bear no burden if a passenger dies during a flight.\nNASA has called for responses from the industry for its plans for a liability framework for privately-funded astronaut missions to the ISS. NASA’s plans include requiring private astronauts to buy life insurance.\nIt is still early days, but cover for space tourists may be the next step, said Tim Rush, senior vice president, U.S. space, at insurance broker Gallagher, adding that the life insurance market currently provides individual cover of $2-5 million for private astronauts.\nThe only mandatory insurance in place for commercial space operators is third-party liability, mainly to cover property damage on earth or to a flying aircraft, said Akiko Hama, client executive, space and aerospace underwriting at Global Aerospace.\nBlue Origin plans for its six-seater spacecraft to take off on July 20 and fly for four minutes beyond the boundary between the earth’s atmosphere and outer space, where passengers will experience total weightlessness.\nMILLION DOLLAR QUESTION\nA key question for how the sector develops is whether risks related to tourism fall under space or aviation insurance lines, insurers and brokers told Reuters.\nThe U.N. Outer Space Treaty and the Liability Convention of 1972 governs all activities in space and very few countries have a legal framework for commercial human spaceflight, they said.\nThe first-ever aviation insurance policy was written by Lloyd’s of London in 1911. A few years later the market insured Charles Lindbergh and his single-engine plane for $18,000 on its non-stop flight from the United States to Europe.\nSpace trips are different, said Marsh’s Stevens, because the passengers are returning to the same place as they left, making it technically a domestic trip to which international aviation insurance cannot be applied, meaning there will also be no limitation to liability.\n“The aviation, aircraft insurance market, and the like, are less keen to take on risks that involve spacecraft,” he said, adding that whether space tourism trips fall under aviation or space insurance is a “million dollar question”.\nWhile air travel is governed by rules that establish airline liability in the case of death of passengers, Stevens said he was unaware of plans for similar rules for space tourism.\nHowever, Wetton said Global Aerospace had started to receive enquiries from companies for sub-orbital missions.\n“In 10 years’ time, maybe the two lines, aviation and spaceflight will look very similar,” said Assure Space’s Parker.\n“Some legislative somewhere will say, look, we’re now having average Joes flying on these launch vehicles and need to protect them,” Parker added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165340498,"gmtCreate":1624100135814,"gmtModify":1703828805363,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165340498","repostId":"1113942445","repostType":4,"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123436037,"gmtCreate":1624433610629,"gmtModify":1703836544309,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436037","repostId":"1128236138","repostType":4,"repost":{"id":"1128236138","pubTimestamp":1624433108,"share":"https://ttm.financial/m/news/1128236138?lang=&edition=fundamental","pubTime":"2021-06-23 15:25","market":"us","language":"en","title":"Apple: Does It Make Sense To Enter The Car Industry?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128236138","media":"seekingalpha","summary":"Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple is a great company, but has struggled to truly innovate in recent years.</li>\n <li>An Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.</li>\n <li>From a technological perspective, it may make sense to produce a car, but from a financial perspective, it is not so much compelling.</li>\n</ul>\n<p><b>Apple</b>(AAPL) has been struggling to bring innovative products over recent years and much expectation has been created about its Apple Car project. While this may make sense from a technological perspective, if the Apple Car is truly innovative about the battery and autonomous driving capabilities, from a financial standpoint it may have less bright prospects.</p>\n<p><b>Background</b></p>\n<p>As I’ve analyzed in my previous article “Apple: Its Valuation Is Justified By Higher Exposure To Services”, Apple is a great long-term investment due to several competitive advantages over peers, which aren’t expected to be challenged in the coming years.</p>\n<p>However, one area that Apple has been struggling a little bit over the past few years is innovation and offering new products to consumers. The company is failing to bring anything really new to the market and competitors are pushing ahead in some areas like the folding phone that<b>Samsung Electronics</b>(OTC:SSNLF) and Huawei already have while Apple is only expected to offer a foldable phone maybe in the next couple of years.</p>\n<p>More recently, its growth strategy has been focused on wearables and services, which have increased the weight on total revenues in a significant way. Nevertheless, Apple has not launched a new major product for some years, which has increasingly led to questions about if Apple still has the capacity to innovate or if over the long term Apple will take the footsteps of other large technology companies that have lost a dominant position in their industry, such as<b>IBM</b>(IBM).</p>\n<p>There has been some speculation about new products, with the Apple Car being one of the most widely speculated products to be launched in the near future. In recent weeks, speculation has increased that Apple will indeed go ahead with the Apple Car project, as news came out about potential agreements with suppliers for the assembly of the car and the production of batteries.</p>\n<p><b>Apple Car – Product/Technological Perspective</b></p>\n<p>Even though there isn’t much official data from Apple about its car project, this is a topic that has been widely discussed over recent years and some details appear to be more or less certain regarding theApple Car.</p>\n<p>What is generally expected is that this will be an Apple-branded car, with an electric engine and autonomous driving capabilities. Also, Apple supposedly wants the car to be built in the U.S. and most likely this will compete in the high-end or luxury automotive segment.</p>\n<p><img src=\"https://static.tigerbbs.com/5d7baf656d54748e0064b03b97f6caa6\" tg-width=\"660\" tg-height=\"395\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: notebookcheck.info</i></p>\n<p>The Apple Car may be launched in three to six years and Apple is reportedly in advanced terms with some suppliers to produce the car and its electric batteries. This means that Apple will likely take most control of hardware and software that goes into the car, but not so much about the production side of it.</p>\n<p>Indeed, there has been some news about apotential agreementbetween Apple and<b>Hyundai-Kia</b>(OTCPK:HYMPY) for the production of the Apple Car, probably in the carmaker’s assembly plant in West Point, Georgia. However, these discussions have reportedly been terminated and also there have been rumors about a potential agreement with<b>Magna International</b>(MGA) and LG for the production of the Apple Car, but so far, this still seems to be in discussion.</p>\n<p>More recently, there has been somenews regarding the battery, with a potential deal with Chinese producers in the making. Reportedly, Apple is in discussions with<b>BYD</b>(OTCPK:BYDDY) and CATL for the production of electric batteries, with building U.S. manufacturing facilities in the U.S. a condition to reach an agreement.</p>\n<p>Apple intends to make the battery a key distinctive factor of the Apple Car over competitors, favoring lithium iron phosphate batteries, instead of lithium-ion, as they are cheaper to build because they don’t use nickel or cobalt. Therefore, it is very important to select a supplier with experience in this field that has the capacity to build with good quality, something that these Chinese suppliers already have.</p>\n<p>From a technological standpoint, this is where Apple most likely can have some competitive advantage over traditional original equipment manufacturers (OEMs) and<b>Tesla</b>(TSLA), with a likely deep integration with its iOS software.</p>\n<p>This means that from an ‘ecosystem’ perspective, the Apple Car may make sense, given that in the future, it is expected that cars will drive by themselves and people will spend much of their time in the car using infotainment or other electronic devices for entertainment. Obviously, this is something that may take a while to happen as it requires a ‘full driving car’ capability, which would be a significant leap forward compared to what current autonomous driving systems can accomplish.</p>\n<p>If Apple can indeed reach such a level of self-driving capabilities, it may be the first to offer a robotaxi service which would be important in the future mobility market, even though it does not necessarily mean a competitive advantage over other tech/auto companies. Tesla also has the same strategy of developing its FSD system and offer robotaxi services, while<b>Uber Technologies</b>(UBER) and other tech companies are also developing autonomous driving systems, thus competition in this field will certainly be fierce in the future.</p>\n<p>If from a technological perspective an Apple Car may make some sense due to Apple’s technological leadership and potential integration with its other products and services, from a financial perspective, it may be different.</p>\n<p><b>Apple Car – Financial Perspective</b></p>\n<p>In my opinion, Apple’s move into the car business is more an ‘ecosystem’ approach rather than pushing for a new product that can boost Apple’s financial figures in a significant way because the automotive business is a low-margin and capital-intensive business, not being particularly attractive for a company that has a very strong financial profile like Apple.</p>\n<p>The first burden to its financials is that developing a car is quite expensive and there is no guarantee of success, as Apple is entering a new market. If demand is not there for an Apple Car, this means that the company will lose billions of dollars in this project, which could instead have been used elsewhere. The automotive industry has some good examples of how things can turn out badly, like the<b>Volkswagen</b>(OTCPK:VWAGY) Phaeton model in which the German carmaker wanted to enter the luxury market, but haslost about $1 billionin this model alone.</p>\n<p><img src=\"https://static.tigerbbs.com/25796c6ab6e9dc77fd3202621ee961da\" tg-width=\"283\" tg-height=\"338\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Wikipedia</i></p>\n<p>Even though Apple has an excellent consumer brand globally, it is not exactly the same thing to sell $1,500 smartphones and $100,000 cars. Thus, there is a significant risk for Apple that consumers may continue to prefer a Tesla, Audi(OTCPK:AUDVF), BMW(OTCPK:BMWYY), or Mercedes rather than an Apple-branded car in the high-end to luxury segment, just like it happened with the VW Phaeton.</p>\n<p>If an Apple Car does not reach enough sales volume, it means that most likely Apple will lose a good part of the money it has invested in the car’s development. It is not possible to know how much Apple is spending on research &amp; development (R&amp;D) related to the Apple Car project, but certainly, it is already spending billions per year. If the Apple Car eventually does not go ahead, this spending will not be possible to fully monetize. On the other hand, it may lead to a more advanced autonomous driving system than competitors and Apple may sell it to other carmakers, at least monetizing some part of its investment.</p>\n<p>Even assuming that the car is successful and has good sales volumes, this is a project that is expected to generate below-average profitability for Apple, being therefore a questionable path for the company over the long term.</p>\n<p>This may happen because the car industry’s profitability is not impressive, and compared to Apple’s business segments, an Apple Car should have among the lowest gross margins.In the last year, Apple’s gross margin was 38.2%, with the Products segment reporting a gross margin of 31.5% while Services had a gross margin of 66%.</p>\n<p>In the automotive business, Tesla has a gross margin of about 21%, while the German premium carmakers have gross margins between 15-20%, thus an Apple Car should not have a much different gross margin. This will clearly be a relatively low-margin product for Apple, being completely contrary to its recent strategy to push growth in the Services segment that has above-average profitability.</p>\n<p>However, the Apple Car most likely will compete with high-end models, like the Tesla Model S, and most likely Apple will not want to become a mass-market carmaker in the foreseeable future, which means that unit sales should be somewhat limited even if the car is successful.</p>\n<p>It is difficult to forecast how many cars Apple will be able to sell per year, but assuming 150,000 units per year in the first years and an average selling price of about $100,000, this will generate some $15 billion in sales per year. Considering that Apple generated about $275 billion in revenues last year, this shows that an Apple Car should have a limited impact on the company’s financial figures and a weight of less than 5% of its total revenues.</p>\n<p><b>Conclusion</b></p>\n<p>Apple is a great company and historically innovation has been one of its key strengths, a situation that has changed in recent years as the company has struggled to offer new products that make a real impact. An Apple Car seems to make some sense from an ‘ecosystem’ perspective, and if Apple is able to reach full autonomous driving capabilities, it will be ahead of competition.</p>\n<p>On the other hand, from a financial perceptive, this is not so much compelling because it requires significant investments and the automotive industry has much lower profitability than the rest of its business. Apple is a great company, but it doesn’t need to do everything and an Apple Car seems to be a project with a risk-reward profile that is more geared to the downside as it requires big financial commitments and returns may be lower than for its other products.</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>Apple: Does It Make Sense To Enter The Car Industry?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple: Does It Make Sense To Enter The Car Industry?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.\nFrom a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4436127-apple-car-does-it-make-sense","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1128236138","content_text":"Summary\n\nApple is a great company, but has struggled to truly innovate in recent years.\nAn Apple Car is increasingly expected to be its next ‘big thing’, but there are considerable risks.\nFrom a technological perspective, it may make sense to produce a car, but from a financial perspective, it is not so much compelling.\n\nApple(AAPL) has been struggling to bring innovative products over recent years and much expectation has been created about its Apple Car project. While this may make sense from a technological perspective, if the Apple Car is truly innovative about the battery and autonomous driving capabilities, from a financial standpoint it may have less bright prospects.\nBackground\nAs I’ve analyzed in my previous article “Apple: Its Valuation Is Justified By Higher Exposure To Services”, Apple is a great long-term investment due to several competitive advantages over peers, which aren’t expected to be challenged in the coming years.\nHowever, one area that Apple has been struggling a little bit over the past few years is innovation and offering new products to consumers. The company is failing to bring anything really new to the market and competitors are pushing ahead in some areas like the folding phone thatSamsung Electronics(OTC:SSNLF) and Huawei already have while Apple is only expected to offer a foldable phone maybe in the next couple of years.\nMore recently, its growth strategy has been focused on wearables and services, which have increased the weight on total revenues in a significant way. Nevertheless, Apple has not launched a new major product for some years, which has increasingly led to questions about if Apple still has the capacity to innovate or if over the long term Apple will take the footsteps of other large technology companies that have lost a dominant position in their industry, such asIBM(IBM).\nThere has been some speculation about new products, with the Apple Car being one of the most widely speculated products to be launched in the near future. In recent weeks, speculation has increased that Apple will indeed go ahead with the Apple Car project, as news came out about potential agreements with suppliers for the assembly of the car and the production of batteries.\nApple Car – Product/Technological Perspective\nEven though there isn’t much official data from Apple about its car project, this is a topic that has been widely discussed over recent years and some details appear to be more or less certain regarding theApple Car.\nWhat is generally expected is that this will be an Apple-branded car, with an electric engine and autonomous driving capabilities. Also, Apple supposedly wants the car to be built in the U.S. and most likely this will compete in the high-end or luxury automotive segment.\n\nSource: notebookcheck.info\nThe Apple Car may be launched in three to six years and Apple is reportedly in advanced terms with some suppliers to produce the car and its electric batteries. This means that Apple will likely take most control of hardware and software that goes into the car, but not so much about the production side of it.\nIndeed, there has been some news about apotential agreementbetween Apple andHyundai-Kia(OTCPK:HYMPY) for the production of the Apple Car, probably in the carmaker’s assembly plant in West Point, Georgia. However, these discussions have reportedly been terminated and also there have been rumors about a potential agreement withMagna International(MGA) and LG for the production of the Apple Car, but so far, this still seems to be in discussion.\nMore recently, there has been somenews regarding the battery, with a potential deal with Chinese producers in the making. Reportedly, Apple is in discussions withBYD(OTCPK:BYDDY) and CATL for the production of electric batteries, with building U.S. manufacturing facilities in the U.S. a condition to reach an agreement.\nApple intends to make the battery a key distinctive factor of the Apple Car over competitors, favoring lithium iron phosphate batteries, instead of lithium-ion, as they are cheaper to build because they don’t use nickel or cobalt. Therefore, it is very important to select a supplier with experience in this field that has the capacity to build with good quality, something that these Chinese suppliers already have.\nFrom a technological standpoint, this is where Apple most likely can have some competitive advantage over traditional original equipment manufacturers (OEMs) andTesla(TSLA), with a likely deep integration with its iOS software.\nThis means that from an ‘ecosystem’ perspective, the Apple Car may make sense, given that in the future, it is expected that cars will drive by themselves and people will spend much of their time in the car using infotainment or other electronic devices for entertainment. Obviously, this is something that may take a while to happen as it requires a ‘full driving car’ capability, which would be a significant leap forward compared to what current autonomous driving systems can accomplish.\nIf Apple can indeed reach such a level of self-driving capabilities, it may be the first to offer a robotaxi service which would be important in the future mobility market, even though it does not necessarily mean a competitive advantage over other tech/auto companies. Tesla also has the same strategy of developing its FSD system and offer robotaxi services, whileUber Technologies(UBER) and other tech companies are also developing autonomous driving systems, thus competition in this field will certainly be fierce in the future.\nIf from a technological perspective an Apple Car may make some sense due to Apple’s technological leadership and potential integration with its other products and services, from a financial perspective, it may be different.\nApple Car – Financial Perspective\nIn my opinion, Apple’s move into the car business is more an ‘ecosystem’ approach rather than pushing for a new product that can boost Apple’s financial figures in a significant way because the automotive business is a low-margin and capital-intensive business, not being particularly attractive for a company that has a very strong financial profile like Apple.\nThe first burden to its financials is that developing a car is quite expensive and there is no guarantee of success, as Apple is entering a new market. If demand is not there for an Apple Car, this means that the company will lose billions of dollars in this project, which could instead have been used elsewhere. The automotive industry has some good examples of how things can turn out badly, like theVolkswagen(OTCPK:VWAGY) Phaeton model in which the German carmaker wanted to enter the luxury market, but haslost about $1 billionin this model alone.\n\nSource: Wikipedia\nEven though Apple has an excellent consumer brand globally, it is not exactly the same thing to sell $1,500 smartphones and $100,000 cars. Thus, there is a significant risk for Apple that consumers may continue to prefer a Tesla, Audi(OTCPK:AUDVF), BMW(OTCPK:BMWYY), or Mercedes rather than an Apple-branded car in the high-end to luxury segment, just like it happened with the VW Phaeton.\nIf an Apple Car does not reach enough sales volume, it means that most likely Apple will lose a good part of the money it has invested in the car’s development. It is not possible to know how much Apple is spending on research & development (R&D) related to the Apple Car project, but certainly, it is already spending billions per year. If the Apple Car eventually does not go ahead, this spending will not be possible to fully monetize. On the other hand, it may lead to a more advanced autonomous driving system than competitors and Apple may sell it to other carmakers, at least monetizing some part of its investment.\nEven assuming that the car is successful and has good sales volumes, this is a project that is expected to generate below-average profitability for Apple, being therefore a questionable path for the company over the long term.\nThis may happen because the car industry’s profitability is not impressive, and compared to Apple’s business segments, an Apple Car should have among the lowest gross margins.In the last year, Apple’s gross margin was 38.2%, with the Products segment reporting a gross margin of 31.5% while Services had a gross margin of 66%.\nIn the automotive business, Tesla has a gross margin of about 21%, while the German premium carmakers have gross margins between 15-20%, thus an Apple Car should not have a much different gross margin. This will clearly be a relatively low-margin product for Apple, being completely contrary to its recent strategy to push growth in the Services segment that has above-average profitability.\nHowever, the Apple Car most likely will compete with high-end models, like the Tesla Model S, and most likely Apple will not want to become a mass-market carmaker in the foreseeable future, which means that unit sales should be somewhat limited even if the car is successful.\nIt is difficult to forecast how many cars Apple will be able to sell per year, but assuming 150,000 units per year in the first years and an average selling price of about $100,000, this will generate some $15 billion in sales per year. Considering that Apple generated about $275 billion in revenues last year, this shows that an Apple Car should have a limited impact on the company’s financial figures and a weight of less than 5% of its total revenues.\nConclusion\nApple is a great company and historically innovation has been one of its key strengths, a situation that has changed in recent years as the company has struggled to offer new products that make a real impact. An Apple Car seems to make some sense from an ‘ecosystem’ perspective, and if Apple is able to reach full autonomous driving capabilities, it will be ahead of competition.\nOn the other hand, from a financial perceptive, this is not so much compelling because it requires significant investments and the automotive industry has much lower profitability than the rest of its business. Apple is a great company, but it doesn’t need to do everything and an Apple Car seems to be a project with a risk-reward profile that is more geared to the downside as it requires big financial commitments and returns may be lower than for its other products.","news_type":1},"isVote":1,"tweetType":1,"viewCount":162,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129139378,"gmtCreate":1624363947694,"gmtModify":1703834416610,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129139378","repostId":"1110925723","repostType":4,"repost":{"id":"1110925723","pubTimestamp":1624361960,"share":"https://ttm.financial/m/news/1110925723?lang=&edition=fundamental","pubTime":"2021-06-22 19:39","market":"us","language":"en","title":"Raymond James hikes Nvidia price target as chip stock gains momentum","url":"https://stock-news.laohu8.com/highlight/detail?id=1110925723","media":"cnbc","summary":"Nvidia’s stock has room to run after its recent breakout as the company is poised for improvement in","content":"<div>\n<p>Nvidia’s stock has room to run after its recent breakout as the company is poised for improvement in several areas, according to Raymond James.\nShares of the semiconductor company have jumped 23% over...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/nvidia-stock-price-target-hike-raymond-james.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Raymond James hikes Nvidia price target as chip stock gains momentum</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; 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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\">\nRaymond James hikes Nvidia price target as chip stock gains momentum\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 19:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/22/nvidia-stock-price-target-hike-raymond-james.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia’s stock has room to run after its recent breakout as the company is poised for improvement in several areas, according to Raymond James.\nShares of the semiconductor company have jumped 23% over...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/nvidia-stock-price-target-hike-raymond-james.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.cnbc.com/2021/06/22/nvidia-stock-price-target-hike-raymond-james.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1110925723","content_text":"Nvidia’s stock has room to run after its recent breakout as the company is poised for improvement in several areas, according to Raymond James.\nShares of the semiconductor company have jumped 23% over the past month after seemingly being stuck in neutral for much of the past year. The industry’s growth has been hampered by a supply chain shortage that has manifested in tight supply for some consumer products, such as cars and laptops.\nRaymond James analyst Chris Caso hiked his price target on Nvidia, saying in a note to clients on Tuesday that the company was showing signs of strength across multiple product categories.\n“After completing some checks over the past week, and following our management conversations post earnings, we’re convinced that datacenter has begun to reaccelerate due to hyperscale digestion, a resumption of enterprise activity and rising virtualization,” the note said. “In gaming, we think increased supply and price increases will lead to upside in 2H21.”\nRaymond James raised its price target to $900 per share from $750. That is tied for a street high target with Bank of America and represents 22% upside from where the stock closed on Monday.\nPreviously, Nvidia had seen a drop in demand when cryptocurrency prices declined due to its gaming chips being used in mining. However, the company has since tweaked its products to discourage this, and Raymond James says that shift and the global chip shortage should insulate Nvidia from recent crypto volatility.\n“We think pent-up demand from gamers who have been unable to get their hands on product for 9 months will drive demand, and underlying gaming demand appears to remain solid,” the note said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167812707,"gmtCreate":1624258245709,"gmtModify":1703831772371,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167812707","repostId":"2145808349","repostType":4,"repost":{"id":"2145808349","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":1624254625,"share":"https://ttm.financial/m/news/2145808349?lang=&edition=fundamental","pubTime":"2021-06-21 13:50","market":"us","language":"en","title":"CNH Industrial to buy Raven Industries for $58/share, $2.1 bln enterprise value","url":"https://stock-news.laohu8.com/highlight/detail?id=2145808349","media":"Reuters","summary":"June 21 (Reuters) - Vehicle maker CNH Industrial said on Monday that it entered a deal to buy 100% o","content":"<p>June 21 (Reuters) - Vehicle maker CNH Industrial said on Monday that it entered a deal to buy 100% of the capital stock of <a href=\"https://laohu8.com/S/RAVN\">Raven Industries</a> , a U.S.-based company in agriculture technology, for $58 a share and a $2.1 billion enterprise value.</p>\n<p>The deal is expected to close in the fourth quarter of 2021 and will be funded with available cash on hand of CNH Industrial, which is controlled by Exor , the holding company of Italy's Agnelli family.</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>CNH Industrial to buy Raven Industries for $58/share, $2.1 bln enterprise value</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\">\nCNH Industrial to buy Raven Industries for $58/share, $2.1 bln enterprise value\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\">2021-06-21 13:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 21 (Reuters) - Vehicle maker CNH Industrial said on Monday that it entered a deal to buy 100% of the capital stock of <a href=\"https://laohu8.com/S/RAVN\">Raven Industries</a> , a U.S.-based company in agriculture technology, for $58 a share and a $2.1 billion enterprise value.</p>\n<p>The deal is expected to close in the fourth quarter of 2021 and will be funded with available cash on hand of CNH Industrial, which is controlled by Exor , the holding company of Italy's Agnelli family.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RAVN":"Raven Industries"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145808349","content_text":"June 21 (Reuters) - Vehicle maker CNH Industrial said on Monday that it entered a deal to buy 100% of the capital stock of Raven Industries , a U.S.-based company in agriculture technology, for $58 a share and a $2.1 billion enterprise value.\nThe deal is expected to close in the fourth quarter of 2021 and will be funded with available cash on hand of CNH Industrial, which is controlled by Exor , the holding company of Italy's Agnelli family.","news_type":1},"isVote":1,"tweetType":1,"viewCount":54,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165775608,"gmtCreate":1624159637204,"gmtModify":1703829787601,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"I","listText":"I","text":"I","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165775608","repostId":"1175119628","repostType":4,"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165772646,"gmtCreate":1624159607985,"gmtModify":1703829785653,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Go","listText":"Go","text":"Go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165772646","repostId":"1183124175","repostType":4,"repost":{"id":"1183124175","pubTimestamp":1624151620,"share":"https://ttm.financial/m/news/1183124175?lang=&edition=fundamental","pubTime":"2021-06-20 09:13","market":"us","language":"en","title":"Beware these risky tech stocks in your portfolio, strategist Parker warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1183124175","media":"cnbc","summary":"As investors cycle back into growth stocks, one market strategist warns against certain technology names he believes are high risk.Growth stocks are shares of companies expected to grow at a faster rate than the rest of the market. However, these names are typically riskier and more volatile than the average stock.Adam Parker, former Morgan Stanley chief U.S. equity strategist and founder of Trivariate Research, said the time is right to buy growth shares, but investors should be cautious of a f","content":"<div>\n<p>As investors cycle back into growth stocks, one market strategist warns against certain technology names he believes are high risk.\nGrowth stocks are shares of companies expected to grow at a faster ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/19/tech-stocks-strategist-warns-of-risky-names.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beware these risky tech stocks in your portfolio, strategist Parker warns</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\">\nBeware these risky tech stocks in your portfolio, strategist Parker warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/19/tech-stocks-strategist-warns-of-risky-names.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As investors cycle back into growth stocks, one market strategist warns against certain technology names he believes are high risk.\nGrowth stocks are shares of companies expected to grow at a faster ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/19/tech-stocks-strategist-warns-of-risky-names.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MCHP":"微芯科技","AAPL":"苹果","SQ":"Block","NVDA":"英伟达","TWLO":"Twilio Inc"},"source_url":"https://www.cnbc.com/2021/06/19/tech-stocks-strategist-warns-of-risky-names.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1183124175","content_text":"As investors cycle back into growth stocks, one market strategist warns against certain technology names he believes are high risk.\nGrowth stocks are shares of companies expected to grow at a faster rate than the rest of the market. However, these names are typically riskier and more volatile than the average stock.\nAdam Parker, former Morgan Stanley chief U.S. equity strategist and founder of Trivariate Research, said the time is right to buy growth shares, but investors should be cautious of a few.\n“We think that portfolio managers should be buying growth stocks again, focusing on positive free cash flow and margin expansion, not earnings-based valuation,” Parker said in a note released Wednesday.\nTrivariate Research used a number of criteria to identify risky stocks, including low or negative correlation to inflation, high correlation to the economic reopening and high levels of company insiders selling their shares. The research firm then identified the eight riskiest names based on those measures.\n“Our view is that these are among the riskiest stocks to own today, so investors who own these names should have disproportionate upside to their base cases to compensate them for these risks,” Parker said.\nTake a look at five of the riskiest technology stocks, according to Trivariate.\nRISKIEST TECH STOCKS, ACCORDING TO TRIVARIATE\n\n\n\nTICKER\nCOMPANY\nPRICE\n%CHANGE\n\n\n\n\nMCHP\nMicrochip Technology Inc\n145.62\n-3.0686\n\n\nTWLO\nTwilio Inc\n367.61\n1.84\n\n\nSQ\nSquare Inc\n237.05\n0.39\n\n\nNVDA\nNVIDIA Corp\n745.55\n-0.0992\n\n\nAAPL\nApple Inc\n130.46\n-1.0092\n\n\n\nApple is on Trivariate’s list of riskiest stocks. The research firm identifies Apple as one of the stocks with the most negative correlation to inflation. Trivariate predicts that if bond yields rise or if fears of inflation continue, shares of Apple will underperform the market.\nNvidiaalso makes the list of risky tech stocks. Trivariate found the semiconductor stock has one of the most asymmetric beta — meaning the stock is consistently more volatile than the broader market during a market pullback compared with typical times.\nTrivariate also named payments companySquare, cloud communications platformTwilioand semiconductor manufacturerMicrochip Technologyamong the riskiest technology stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165778268,"gmtCreate":1624159545254,"gmtModify":1703829783226,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165778268","repostId":"1199331995","repostType":4,"repost":{"id":"1199331995","pubTimestamp":1624065374,"share":"https://ttm.financial/m/news/1199331995?lang=&edition=fundamental","pubTime":"2021-06-19 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199331995","media":"Renaissance","summary":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.Chinese freight platform Full Truck Alliance plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value , facilitating 22+ million fulfilled orders with GTV of nearly $8 billio","content":"<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.</p>\n<p>Chinese freight platform&nbsp;<b>Full Truck Alliance</b>(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.</p>\n<p>Healthcare manager&nbsp;<b>Bright Health Group</b>(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.</p>\n<p>Data infrastructure provider&nbsp;<b>Confluent</b>(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.</p>\n<p>Car wash brand&nbsp;<b>Mister Car Wash</b>(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.</p>\n<p>Digital physicians network&nbsp;<b>Doximity</b>(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.</p>\n<p>Customer experience software provider&nbsp;<b>Sprinklr</b>(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.</p>\n<p>HR platform provider&nbsp;<b>First Advantage</b>(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.</p>\n<p>Chinese social networking platform&nbsp;<b>Soulgate</b>(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.</p>\n<p>Digital financial services provider&nbsp;<b>AMTD Digital</b>(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.</p>\n<p>Organ bioengineering company&nbsp;<b>Miromatrix Medical</b>(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.</p>\n<p>Kidney disease biotech&nbsp;<b>Unicycive Therapeutics</b>(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.</p>\n<p>Antibiotic biotech&nbsp;<b>Acurx Pharmaceuticals</b>(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.</p>\n<table>\n <tbody>\n  <tr>\n   <th>U.S. IPO Calendar</th>\n  </tr>\n  <tr>\n   <th>Issuer Business</th>\n   <th>Deal Size Market Cap</th>\n   <th>Price Range Shares Filed</th>\n   <th>Top Bookrunners</th>\n  </tr>\n  <tr>\n   <td><p>Full Truck Alliance (YMM)</p><p>Guiyang, China</p></td>\n   <td>$1,485M$19,723M</td>\n   <td>$17 - $1982,500,000</td>\n   <td>Morgan StanleyCICC</td>\n  </tr>\n  <tr>\n   <td>Digital freight platform that connects shippers and truckers in China.</td>\n  </tr>\n  <tr>\n   <td><p>First Advantage (FA)</p><p>Atlanta, GA</p></td>\n   <td>$298M$2,097M</td>\n   <td>$13 - $1521,250,000</td>\n   <td>BarclaysBofA</td>\n  </tr>\n  <tr>\n   <td>Provides background checks and other services to corporate customers.</td>\n  </tr>\n  <tr>\n   <td><p>Sprinklr (CXM)</p><p>New York, NY</p></td>\n   <td>$361M$5,541M</td>\n   <td>$18 - $2019,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides customer experience management software for enterprises.</td>\n  </tr>\n  <tr>\n   <td><p>Bright Health Group (BHG)</p><p>Minneapolis, MN</p></td>\n   <td>$1,290M$15,385M</td>\n   <td>$20 - $2360,000,000</td>\n   <td>JP MorganGoldman</td>\n  </tr>\n  <tr>\n   <td>Provides health insurance and other healthcare services.</td>\n  </tr>\n  <tr>\n   <td><p>Confluent (CFLT)</p><p>Mountain View, CA</p></td>\n   <td>$713M$10,033M</td>\n   <td>$29 - $3323,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides an enterprise platform that collects and processes real-time data streams.</td>\n  </tr>\n  <tr>\n   <td><p>Doximity (DOCS)</p><p>San Francisco, CA</p></td>\n   <td>$501M$4,549M</td>\n   <td>$20 - $2323,300,000</td>\n   <td>Morgan StanleyGoldman</td>\n  </tr>\n  <tr>\n   <td>Professional network for physicians with telehealth and scheduling tools.</td>\n  </tr>\n  <tr>\n   <td><p>Soulgate (SSR)</p><p>Shanghai, China</p></td>\n   <td>$185M$1,824M</td>\n   <td>$13 - $1513,200,000</td>\n   <td>Morgan StanleyJefferies</td>\n  </tr>\n  <tr>\n   <td>Provides the gamified social networking app Soul in China.</td>\n  </tr>\n  <tr>\n   <td><p>Acurx Pharmaceuticals (ACXP)</p><p>Staten Island, NY</p></td>\n   <td>$15M$62M</td>\n   <td>$5 - $72,500,000</td>\n   <td>Alexander CapitalNetwork 1</td>\n  </tr>\n  <tr>\n   <td>Phase 2 biotech developing antibiotics for antibiotic-resistant pathogens.</td>\n  </tr>\n  <tr>\n   <td><p>Mister Car Wash (MCW)</p><p>Tucson, AZ</p></td>\n   <td>$600M$5,256M</td>\n   <td>$15 - $1737,500,000</td>\n   <td>BofAMorgan Stanley</td>\n  </tr>\n  <tr>\n   <td>Leading national car wash brand with 344 locations across the US.</td>\n  </tr>\n  <tr>\n   <td><p>AMTD Digital (HKD)</p><p>Hong Kong, China</p></td>\n   <td>$120M$1,388M</td>\n   <td>$6.80 - $8.2016,000,000</td>\n   <td>AMTD GlobalLoop Capital</td>\n  </tr>\n  <tr>\n   <td>Digital financial services provider being spun out of AMTD.</td>\n  </tr>\n  <tr>\n   <td><p>Miromatrix Medical (MIRO)</p><p>Eden Prairie, MN</p></td>\n   <td>$32M$162M</td>\n   <td>$7 - $94,000,000</td>\n   <td>Craig-Hallum</td>\n  </tr>\n  <tr>\n   <td>Developing novel bioengineering technology for organ transplants.</td>\n  </tr>\n  <tr>\n   <td><p>Unicycive Therapeutics (UNCY)</p><p>Los Altos, CA</p></td>\n   <td>$25M$116M</td>\n   <td>$8.50 - $10.502,635,000</td>\n   <td>Roth Cap.</td>\n  </tr>\n  <tr>\n   <td>Early-stage biotech developing in-licensed therapies for kidney disease.</td>\n  </tr>\n </tbody>\n</table>\n<p>Street research is expected for seven companies, and lock-up periods will be expiring for up to two companies.</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>U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO 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; 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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\">\nU.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week><strong>Renaissance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CXM":"Sprinklr, Inc.","MCW":"Mister Car Wash, Inc.","CFLT":"Confluent, Inc.","FA":"First Advantage Corp.","DOCS":"Doximity, Inc.","YMM":"满帮"},"source_url":"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1199331995","content_text":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.\nHealthcare manager Bright Health Group(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.\nData infrastructure provider Confluent(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.\nCar wash brand Mister Car Wash(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.\nDigital physicians network Doximity(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.\nCustomer experience software provider Sprinklr(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.\nHR platform provider First Advantage(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.\nChinese social networking platform Soulgate(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.\nDigital financial services provider AMTD Digital(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.\nOrgan bioengineering company Miromatrix Medical(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.\nKidney disease biotech Unicycive Therapeutics(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.\nAntibiotic biotech Acurx Pharmaceuticals(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.\n\n\n\nU.S. IPO Calendar\n\n\nIssuer Business\nDeal Size Market Cap\nPrice Range Shares Filed\nTop Bookrunners\n\n\nFull Truck Alliance (YMM)Guiyang, China\n$1,485M$19,723M\n$17 - $1982,500,000\nMorgan StanleyCICC\n\n\nDigital freight platform that connects shippers and truckers in China.\n\n\nFirst Advantage (FA)Atlanta, GA\n$298M$2,097M\n$13 - $1521,250,000\nBarclaysBofA\n\n\nProvides background checks and other services to corporate customers.\n\n\nSprinklr (CXM)New York, NY\n$361M$5,541M\n$18 - $2019,000,000\nMorgan StanleyJP Morgan\n\n\nProvides customer experience management software for enterprises.\n\n\nBright Health Group (BHG)Minneapolis, MN\n$1,290M$15,385M\n$20 - $2360,000,000\nJP MorganGoldman\n\n\nProvides health insurance and other healthcare services.\n\n\nConfluent (CFLT)Mountain View, CA\n$713M$10,033M\n$29 - $3323,000,000\nMorgan StanleyJP Morgan\n\n\nProvides an enterprise platform that collects and processes real-time data streams.\n\n\nDoximity (DOCS)San Francisco, CA\n$501M$4,549M\n$20 - $2323,300,000\nMorgan StanleyGoldman\n\n\nProfessional network for physicians with telehealth and scheduling tools.\n\n\nSoulgate (SSR)Shanghai, China\n$185M$1,824M\n$13 - $1513,200,000\nMorgan StanleyJefferies\n\n\nProvides the gamified social networking app Soul in China.\n\n\nAcurx Pharmaceuticals (ACXP)Staten Island, NY\n$15M$62M\n$5 - $72,500,000\nAlexander CapitalNetwork 1\n\n\nPhase 2 biotech developing antibiotics for antibiotic-resistant pathogens.\n\n\nMister Car Wash (MCW)Tucson, AZ\n$600M$5,256M\n$15 - $1737,500,000\nBofAMorgan Stanley\n\n\nLeading national car wash brand with 344 locations across the US.\n\n\nAMTD Digital (HKD)Hong Kong, China\n$120M$1,388M\n$6.80 - $8.2016,000,000\nAMTD GlobalLoop Capital\n\n\nDigital financial services provider being spun out of AMTD.\n\n\nMiromatrix Medical (MIRO)Eden Prairie, MN\n$32M$162M\n$7 - $94,000,000\nCraig-Hallum\n\n\nDeveloping novel bioengineering technology for organ transplants.\n\n\nUnicycive Therapeutics (UNCY)Los Altos, CA\n$25M$116M\n$8.50 - $10.502,635,000\nRoth Cap.\n\n\nEarly-stage biotech developing in-licensed therapies for kidney disease.\n\n\n\nStreet research is expected for seven companies, and lock-up periods will be expiring for up to two companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165349032,"gmtCreate":1624100153226,"gmtModify":1703828806018,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165349032","repostId":"1161408410","repostType":4,"repost":{"id":"1161408410","pubTimestamp":1624065771,"share":"https://ttm.financial/m/news/1161408410?lang=&edition=fundamental","pubTime":"2021-06-19 09:22","market":"us","language":"en","title":"Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie","url":"https://stock-news.laohu8.com/highlight/detail?id=1161408410","media":"benzinga","summary":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers,","content":"<p><i>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.</i></p>\n<p>If you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss:&nbsp;More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.</p>\n<p>Crazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.</p>\n<p>But the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,<b>Eddie Antar.</b></p>\n<p><b>An Audacious Start:</b>Eddie Antar was born in Brooklyn, New York,&nbsp;on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.</p>\n<p>By 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.</p>\n<p>At the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price&nbsp;all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.</p>\n<p>Some manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.</p>\n<p>The stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.</p>\n<p>But how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work&nbsp;enabled them to put their ethics on hold.</p>\n<p>“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”</p>\n<p>Sights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.</p>\n<p>Antar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.</p>\n<p>The co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.</p>\n<p><b>An Advertising Assault:</b>The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion —&nbsp;he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.</p>\n<p>Antar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>Rather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as&nbsp;his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.</p>\n<p>It was through the television commercials&nbsp;Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater —&nbsp;and stood surrounded by displays of the electronics being peddled.</p>\n<p>Each commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.</p>\n<p>Carroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.</p>\n<p>He would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie —&nbsp;his prices are in-saaaaaaaaane.”</p>\n<p>There would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.</p>\n<p>A couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.</p>\n<p><b>Not So Funny:</b>After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.</p>\n<p>But as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.</p>\n<p>Antar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.</p>\n<p>“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.</p>\n<p>\"People have a certain idea of Crazy Eddie —&nbsp;in reality, it was a dark criminal enterprise.”</p>\n<p>Antar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.</p>\n<p>Eventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable:&nbsp;Antar decided to take Crazy Eddie public.</p>\n<p><b>Hello, Wall Street:</b>Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.</p>\n<p>Two years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.</p>\n<p>Why Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.</p>\n<p>The increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.</p>\n<p>Antar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down —&nbsp;and&nbsp;while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.</p>\n<p>The company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.</p>\n<p>The chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.</p>\n<p>\"By any measure, this is a staggering securities fraud,\" said<b>Michael Chertoff</b>, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.</p>\n<p>By 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.</p>\n<p>Antar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.</p>\n<p>“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”</p>\n<p>In July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.</p>\n<p>Rather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.</p>\n<p><b>The Legend Lives On:</b>Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.</p>\n<p>Several attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.</p>\n<p>In June 2019,<b>Jon Turteltaub</b>, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.</p>\n<p>Many of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.</p>\n<p>Antar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.</p>\n<p>“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”</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>Wall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie</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\">\nWall Street Crime And Punishment: The Rise And Fall Of Crazy Eddie\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf ...</p>\n\n<a href=\"https://www.benzinga.com/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie\">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/news/21/06/21596990/wall-street-crime-and-punishment-the-rise-and-fall-of-crazy-eddie","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161408410","content_text":"Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.\nIf you were living in the New York metropolitan area during the 1970s and 1980s, you probably remember the commercials for the Crazy Eddie electronics retail chain. They were impossible to miss: More than 7,500 spots featuring a frenetic, motor-mouthed spokesperson bombilating frenetically about the “in-saaaaaaaaane” discounts offered by the store.\nCrazy Eddie was never the biggest retail operation in the region. At its peak, there were only 43 locations spread across four states.\nBut the ubiquity of the commercials made it seem more prominent than it actually was, and the excess attention eventually brought harsh spotlights on the financial chicanery perpetrated by its chief executive,Eddie Antar.\nAn Audacious Start:Eddie Antar was born in Brooklyn, New York, on Dec. 18, 1947, the grandson of Syrian Jewish immigrants. Antar was an intelligent youth but found school boring, dropping out at 16 to work odd jobs before setting up a small stand at New York’s Port Authority in the heart of Manhattan where he sold portable televisions. While Antar belatedly realized he had the wrong product line in the wrong location, he used the experience to sharpen his sales skills.\nBy 1969, Antar saved up enough money to go into business with his father Sam and cousin named Ronnie Gindi, creating a retail operation called ERS Electronics. They opened an electronics store in the Kings Highway business shopping district in Brooklyn called Sights and Sounds.\nAt the time, small and independently-owned electronics retailers operated at a significant disadvantage against major chains due to the fair trade laws of the era that enabled manufacturers to establish a single standard retail price all retailers needed to list. To stand out from the competition, Antar challenged the laws by marking down his merchandise, thus offering a discount absent elsewhere in this retail sector.\nSome manufacturers got wise to this and refused to do business with Antar, but he circumvented their boycott by purchasing excess stock from other businesses and obtaining products through grey-market channels from overseas sources.\nThe stress was great and Gindi eventually lost interest in the enterprise, selling his one-third of the business to Antar.\nBut how could the store remain afloat financially through its seemingly reckless discounting? As Antar’s father Sam would later recall in an interview, the lo-fi nature of old-school retailing work enabled them to put their ethics on hold.\n“Back then, most customers paid in cash,” he said. “If we don’t disclose the sale, we keep the sales tax. That’s a good cushion to be able to afford to beat the competition.”\nSights and Sounds began to attract bargain hunters from outside of Brooklyn and Antar turned into something of a one-man, in-store comedy show, going so far as taking the shoes of cash-strapped customers who wanted to buy stereos for deposits and jokingly preventing shoppers from leaving unless they made a purchase.\nAntar’s shtick was so amusing that his first wife Deborah came home one evening in 1971 with a story about how one of her co-workers was talking about his shopping trip to Sights and Sounds.\nThe co-worker, who was unaware of Deborah’s connection to the store, talked happily about dealing with a salesperson that he dubbed “Crazy Eddie.” At that point, Antar decided to change the name of Sights and Sounds to Crazy Eddie.\nAn Advertising Assault:The fair trade law that initially stifled Antar and other smaller businesses was repealed in 1972. Antar’s aggressive discounting and colorful personality enabled him to prepare for a business expansion — he moved to a larger store on Kings Highway, then opened a location in the Long Island town of Syosset in 1973 and in the heart of Manhattan in 1975.\nAntar recognized how his larger competitors used advertising to their advantage, and in 1972 he began marketing his business over the airwaves via WPIX-FM, a popular music station that mixed rock oldies with current Top 40 hits. Antar created an ad copy script that would be read live on the air by Jerry Carroll, one of the station’s disk jockeys. But Carroll decided to improvise, reading the copy in a mock-frenzied manner and creating a new closing line with “Crazy Eddie — his prices are in-saaaaaaaaane.”\nRather than be upset by the deviation to the script, Antar was ecstatic with Carroll’s flippant approach as his delivery stood out wildly from the other advertising running on the station. Antar contracted Carroll to be his on-air pitchman for radio, and in 1975 Carroll was brought in front of the cameras for a television campaign.\nIt was through the television commercials Crazy Eddie became the center of consumer attention. For the next 10 years, the commercials offered endless variations on the same set-up: Carroll wore the same outfit — a dark blazer and a turtleneck sweater — and stood surrounded by displays of the electronics being peddled.\nEach commercial ran about 30 seconds, but Carroll spoke so rapidly that it seemed he was trying to cover 60 seconds of a script in half of his allotted time.\nCarroll’s physical delivery was comically spastic, with flailing arms, bulging eyes and the most manic smile this side of the Joker.\nHe would inevitably challenge shoppers to “shop around, get the best prices you can find, then bring ’em to Crazy Eddie and he’ll beat ’em.” And each commercial ended with Carroll stretching his arms out while proclaiming, “Crazy Eddie — his prices are in-saaaaaaaaane.”\nThere would be a few variations to the presentation, including a Christmas season ad campaign and a “Christmas in August” summertime effort with Carroll dressed in a Santa suit while being pelted with Styrofoam snowballs and papery snowflakes.\nA couple of movie spoof spots put Carroll in parodies of “Casablanca,” “Saturday Night Fever,” “Superman” and “10,” and one ad had a man in a gorilla suit grunting dialogue while subtitles offered simian-to-English translations.\nNot So Funny:After the commercials came on in full force, Crazy Eddie generated $350 million in annual revenue during its prime years.\nBut as Crazy Eddie grew, Antar’s approach to business became more problematic: cash payments were not recorded, the sales tax was pocketed and employees received off-the-books pay rather than paychecks that clearly deducted federal and state taxes.\nAntar helped finance his cousin Sam Antar’s college education and brought him on as a chief financial officer, but Sam would later recall this was not done out of love of family.\n“The whole purpose of the business was to commit premeditated fraud,” Sam recounted in an interview with MentalFloss.com. “My family put me through college to help them commit more sophisticated fraud in the future. I was trained to be a criminal.\n\"People have a certain idea of Crazy Eddie — in reality, it was a dark criminal enterprise.”\nAntar initially kept his ill-gotten gains hidden within his home, but later began sending the money far into the world. Offshore bank accounts in Canada, Gibraltar, Israel, Liberia, Luxembourg, Panama and Switzerland were set up, and by the early 1980s, Antar and his family were skimming upwards of $4 million annually in unreported income and unpaid taxes.\nEventually, the graft became too big to easily hide. The solution, Antar theorized, was not to hide but to be in the greatest spotlight imaginable: Antar decided to take Crazy Eddie public.\nHello, Wall Street:Crazy Eddie conducted its initial public offering on Sept. 13, 1984, taking the NASDAQ symbol CRZY. The popularity of the television commercials helped bring in the initial wave of investor interest, while gourmet-level cooked books gave the phony impression of a well-run retail operation.\nTwo years after first trading at $8 a share, Crazy Eddie stock was at a split-adjusted $75 per share.\nWhy Antar believed he could continue with his shenanigans amid the added scrutiny given to public companies is a mystery, but by 1987 he found himself in lethal shoals.\nThe increased retail competition saw Crazy Eddie’s sales decline, resulting in a tumbling stock price.\nAntar announced his resignation in December 1986, but four months later he shocked shareholders by revealing he never stepped down — and while still at the helm, he sold off his shares in the company, gaining about $30 million in the transaction.\nThe company had begun planning to go private when an outside investor group successfully agitated to take over what they believed to be a struggling but respectable company. But when their auditors came in, they were flabbergasted to find grossly exaggerated inventories of up to $28 million, $20 million in phony debit memos to vendors and sales reports that were closer to fiction than accountancy.\nThe chain went bankrupt in 1989 and was forced to shut down its retail network. Federal and state investigations overwhelmed what remained of the Crazy Eddie and Antar was hit with an endless flurry of lawsuits.\n\"By any measure, this is a staggering securities fraud,\" saidMichael Chertoff, the U.S. Attorney for New Jersey, who accused the Antars of creating \"a giant bubble\" rather than a successful business.\nBy 1990, Antar disappeared after failing to appear at a court hearing. He obtained a phony U.S. passport issued to “Harry Page Shalom” and left the country. After a two-year global search, he was located in 1992 in a Tel Aviv suburb living under the name Alexander Stewart.\nAntar was brought back to the U.S. to find his cousin Sam Antar had taken a plea deal with federal prosecutors and agreed to testify against him in court.\n“There’s no better motivator than a 20-year prison term,” Sam Antar stated. “I didn’t cooperate because I found God. I cooperated to save my ass.”\nIn July 2013, Antar was found guilty of 17 counts of fraud and sentenced to 12½ years in prison. Two years later, his verdicts were overturned on appeal.\nRather than face the stress of another trial, Antar pleaded guilty to federal fraud charges in May 1996 and was sentenced in 1997 to eight years in prison.\nThe Legend Lives On:Antar was released after four years in prison and federal law enforcement officials managed to find more than $120 million from his offshore bank accounts, which was repaid to investors.\nSeveral attempts occurred over the subsequent years to revive the Crazy Eddie brand, first as a brick-and-mortar retailer and then as an e-commerce venture, but all of these efforts failed.\nIn June 2019,Jon Turteltaub, the director of the “National Treasure” film franchise, announced plans to make a biopic about Antar. But that project has yet to come to life.\nMany of the Crazy Eddie commercials can be found on YouTube, and marketing experts consider them to be among the most imaginative and successful examples of television advertising.\nAntar stayed out of the public light after leaving prison and died of complications from liver cancer on Sept. 10, 2016. He never publicly spoke about his past, although in a brief late-life exchange with a Newark Star-Ledger reporter he acknowledged the unique impact he had on retailing.\n“Everybody knows Crazy Eddie,” he said. “What can I tell you? I changed the business. I changed the whole business.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128648087,"gmtCreate":1624515484349,"gmtModify":1703839032011,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128648087","repostId":"1148268309","repostType":4,"repost":{"id":"1148268309","pubTimestamp":1624513156,"share":"https://ttm.financial/m/news/1148268309?lang=&edition=fundamental","pubTime":"2021-06-24 13:39","market":"us","language":"en","title":"The ‘incredible’ U.S. tech stocks to buy when there’s a dip: Investor","url":"https://stock-news.laohu8.com/highlight/detail?id=1148268309","media":"CNBC","summary":"There’s still an opportunity in certain technology stocks — even with the sector’s high valuations —","content":"<div>\n<p>There’s still an opportunity in certain technology stocks — even with the sector’s high valuations — but only if investors wait for a “significant dip,” one chief investment officer has told CNBC.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/the-incredible-us-tech-stocks-to-buy-when-theres-a-dip-investor.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The ‘incredible’ U.S. tech stocks to buy when there’s a dip: Investor</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 ‘incredible’ U.S. tech stocks to buy when there’s a dip: Investor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/the-incredible-us-tech-stocks-to-buy-when-theres-a-dip-investor.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There’s still an opportunity in certain technology stocks — even with the sector’s high valuations — but only if investors wait for a “significant dip,” one chief investment officer has told CNBC.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/the-incredible-us-tech-stocks-to-buy-when-theres-a-dip-investor.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","AMZN":"亚马逊","NFLX":"奈飞","AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/06/24/the-incredible-us-tech-stocks-to-buy-when-theres-a-dip-investor.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148268309","content_text":"There’s still an opportunity in certain technology stocks — even with the sector’s high valuations — but only if investors wait for a “significant dip,” one chief investment officer has told CNBC.\nPrivate bank Kleinwort Hambros’ CIO Fahad Kamal named his favorite Big Tech stocks to buy when the price is right, despite the shift in focus to so-called “value” stocks.\nValue stocks are viewed as undervalued by investors and are expected to benefit from the economic recovery after the pandemic. Growth stocks, on the other hand, include the major tech stocks and are considered to be companies with revenues and earnings that are expected to grow at a faster rate than the rest of the market.However, they can prove riskier and more volatile.\nThe technology-focused U.S. Nasdaq index hit fresh highs this year, but has still seen some sharp dips since the beginning of 2021. Last week, the Nasdaq fell close to 2%.\nSpeaking to “Squawk Box Europe” Friday, Kamal highlighted a key group of technology stocks that he said would be best to buy in a market dip.\nHe said the “big five” —Facebook,Apple,Amazon,Netflix and Google, also known as the FAANGs —  remained “incredible companies.” He highlighted that they had each reported strong earnings in the first quarter of 2021, despite coming from “record positions.”\nFor example, social media giant Facebook reported that its net income grew 94%to $9.5 billion in the first quarter, whileApple posted its best-ever quarterly revenueof $111.4 billion in the first three months of fiscal 2021.\n“I mean it’s incredible, these remain incredible companies, they are going to be setting the tone for markets for the foreseeable future, there’s no doubt about that,” Kamal said.\nHe acknowledged that they still looked expensive when compared to other stocks, but encouraged investors to look for an entry point in a “significant dip” to buy into these companies.\nPrice-to-earnings is one gauge as to how expensive a stock is. Amazon has a ratio of 66 and Netflix has a ratio of 62, while the average across theDowis just under 22.\nNot everyone is convinced, however. Adam Parker, founder of Trivariate Research, warned that some big tech stocks are high risk and should be treated with caution. Apple made Trivariate’s list of riskiest stocks; the research firm said it had the most negative correlation to inflation.\nKleinwort Hambros has had a “long-standing overweight” position on “growth” stocks for the last five or six years, Kamal said, particularly technology firms.\nMore recently, he said his firm had lowered its exposure to a more “neutral” position on the sector and invested more in “pro-cyclical regions.” These are investments that are expected to rise and fall with the economic cycle.\nHowever, Kamal stressed that this didn’t mean his firm had sold out of their investments in the technology space but had ” re-positioned slightly because we think that there is catch-up for the value trade still.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128641635,"gmtCreate":1624515467927,"gmtModify":1703839030881,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128641635","repostId":"1148268309","repostType":4,"isVote":1,"tweetType":1,"viewCount":91,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123436805,"gmtCreate":1624433625407,"gmtModify":1703836545119,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123436805","repostId":"1113239280","repostType":4,"repost":{"id":"1113239280","pubTimestamp":1624432900,"share":"https://ttm.financial/m/news/1113239280?lang=&edition=fundamental","pubTime":"2021-06-23 15:21","market":"us","language":"en","title":"Zoom Video: Winning The Hybrid Workplace","url":"https://stock-news.laohu8.com/highlight/detail?id=1113239280","media":"seekingalpha","summary":"Summary\n\nZoom Video is perhaps the biggest winner from the acceleration of digital transformation th","content":"<p><b>Summary</b></p>\n<ul>\n <li>Zoom Video is perhaps the biggest winner from the acceleration of digital transformation that has occurred because of the pandemic.</li>\n <li>Its Q1 earnings report saw Zoom beat consensus analyst estimates on revenues by displaying 191% YoY revenue growth and also beating analyst EPS Estimates.</li>\n <li>The company continues to build out its platform with the recent launch of Zoom Video SDK.</li>\n <li>Zoom continues building out its UCaaS capabilities with the introduction of Zoom Phone Appliances.</li>\n <li>As one of the biggest potential winners of the new and evolving hybrid workplace, Zoom Video is a buy at current prices.</li>\n</ul>\n<p>Zoom Video(NASDAQ:ZM)is perhaps the biggest winner from the acceleration of digital transformation that has occurred because of the pandemic. When COVID-19 reached American shores like a tidal wave in March 2020, social distancing directives forced large swaths of society online and one of the primary ways businesses of all types and schools functioned was through the use of Zoom Video's Meetings and Chat products, Rooms and Workspaces products, Phone System, and Video Webinars.</p>\n<p>Just to give an idea of Zoom's growth because of the pandemic, in December of 2019, Zoom was averaging 10 million daily meeting participants. And by April, that number had already grown to 300 million daily meeting participants, so 30-times growth within a matter of months.</p>\n<p>Zoom Video's rapid expansion also brought a rapid expansion in the stock price. Zoom Video opened at $66.63 on January 6th, 2020 and by October 19, 2020 reached an all-time closing high of $568.34.</p>\n<p>Since reaching those highs in October, Zoom's stock has drastically backed off the highs, with some of the reason partially due to valuation but the other part of the reason was the introduction of the COVID-19 vaccine.</p>\n<p><img src=\"https://static.tigerbbs.com/ba1727c3f1d2ae87b1ff910a5f923246\" tg-width=\"635\" tg-height=\"403\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>On December 11, 2020, the U.S. Food and Drug Administration issuedthe first emergency use authorization (EUA)for Pfizer-BioNTech's COVID-19 vaccine. Many investors believe that Zoom Video is only a \"COVID stock\", meaning that substantially all of the company's business over the past year was due to COVID and there is a perception that when the world goes \"back to normal\", that Zoom will encounter a substantial loss of business. That perception persisted into early May to the point where Zoom's stock closed at $288.49 on May 10th, 2021.</p>\n<p>Since the lows in May, Zoom has rebounded to close at $372.95 on June 17th, 2021. The question for investors now becomes whether the perception of Zoom being a \"COVID stock\" that will churn customers and lose a lot of business as the pandemic subsides is true or not? In this article I will go over Zoom Video's earnings and I will also highlight reasons why I believe that Zoom Video has a strong business beyond the pandemic and why Zoom is a buy at current prices.</p>\n<p><b>Bigger Deals</b></p>\n<p>In Q1, Zoom video closed their largest deal ever in terms ofAnnual recurring revenue or ARR, with a leading global financial services firm that selected Zoom Meetings to deploy for over 90,000 hosts. That was only one of the large deals closed by Zoom this past quarter.</p>\n<p><img src=\"https://static.tigerbbs.com/2dfff2f2e169efc1c28fa221cd484201\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\">Source:Zoom Video Q1 FY22 Presentation</p>\n<p>The other large deals that Zoom closed in Q1 were:</p>\n<ul>\n <li>Kimberly-Clark (NYSE:KMB) is an American multinational personal care corporation that produces mostly paper-based consumer products and sells them in more than 175 countries. Kimberly is already an existing Zoom Meetings and Video Webinar customer but is now expanding the relationship with Zoom by adding approximately 25,000 Zoom Phone licenses. The sale of Zoom phone licenses was aided by Zoom partner British Telecom, who advocated for Zoom in the decision-making process at Kimberly-Clark.</li>\n <li>Target Corporation (NYSE:TGT) is the eighth-largest retailer in the United States and serves customers at more than 1,900 stores and online atTarget.com. Target was already a longstanding Zoom Meetings customer that increased their commitment by expanding their Zoom platform solutions, while unifying their internal and external communications on Zoom technology.</li>\n <li>Denso is Japan’s largest and the world’s second largest automotive parts company, and a leading company in the Toyota Group. Denso first joined Zoom last year and last quarter, they decided to significantly expand their usage of Zoom Meetings and Zoom Video Webinars for internal and external communications. Zoom now connects 47,000 Denso employees across offices, factories and homes.</li>\n</ul>\n<p><b>Zoom Video Q1 FY22 Earnings</b></p>\n<p>The growth that Zoom has experienced over the last year continued as Zoom Video knocked it out of the park in Q1 by displaying 191% year-over-year revenue growth or a total of $956 million in revenues. These results exceeded the high end of company guidance of $905 million and beat consensus analyst estimates by $48.06M due to strong sales, marketing execution and lower than expected churn.</p>\n<p>The lower than expected churn is a great thing to hear, as Zoom Video is perceived as a \"COVID-19 stock\" and with both businesses and schools reopening, more churn was certainly expected and the Zoom Video Management had given very conservative guidance because of that expected churn. The fact that Zoom is retaining more business than expected should help lower the perception that Zoom is only a \"COVID-19 stock\" over time, if Zoom proves that it can retain its customers over the next year.</p>\n<p>Let's talk about retention of customers, since it is highly important for Zoom to retain the customers they gained from the pandemic, in order to not be known as only a \"COVID-19 play\".</p>\n<p>Zoom CFO Kelly Steckelberg has indicated that when investors look at retention, that it is best to segment the customer base into:</p>\n<ol>\n <li>Customers with more than 10 employees.</li>\n <li>Customers with fewer than 10 employees.</li>\n</ol>\n<p>Customers that have more than 10 employees are generally handled by Zoom's direct sales organization. These type of companies typically buy annual or multi-year agreements.</p>\n<p>Customers with fewer than 10 employees, however, are ones that typically buy the product online, and the vast majority of them are buying on monthly agreements. It is important to remember that most customers with fewer than 10 employees don't have a long-term committed contract.</p>\n<p>The retention in the customers of greater than 10 also winds up being much higher than those in the customers with fewer than 10 employees. Hence, there is a lot more certainty about how customers with more than 10 employees will evolve for Zoom.</p>\n<blockquote>\n We were very pleased with the retention and the renewals in the customers with greater than 10. It was actually stronger than we had forecast. So, that was great. And that part of that is what allowed us to increase our guidance for overachiever key one, but also increase our guidance for the full year.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n</blockquote>\n<p>What is really interesting is how Zoom Video views the customers with fewer than 10 employees because that segment has grown in importance during the pandemic. Pre-pandemic customers with fewer than 10 employees was 20% of the revenue, however, the last couple of quarters it's been in the 36% and 37% of revenue area. So, 36% to 37% of Zoom's revenue comes from a volatile segment that is buying on a monthly basis.</p>\n<p>Zoom has retention curves for customers with fewer than 10 employees that show that the highest rate of churn is within a two to three months time period, which is typical of most subscription businesses. Once a customer goes beyond this two to three months time period, a majority of them tend to enter a long tail of retention.</p>\n<p>Essentially, Zoom CFO Kelly Steckelberg expects that it is going to take a few quarters to get to a point where the less than 10 employees segment enters a period where the churn becomes stable as each new set of customers to Zoom rolls through that 2-3 months period to get to a stable retention point.</p>\n<p>CFO Kelly Steckelberg views it this way:</p>\n<blockquote>\n I think we're going to settle into is a long tail of a stabilized renewal rate for these [fewer than 10] cohorts, but\n <b>that's going to take a few more quarters to get to that stabilized period</b>. And then I think this will be a really nice segment of our business that renew on a consistent basis.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n</blockquote>\n<p>So, in essence, it could take to the end of the calendar year before fully understanding how much business that Zoom Video will retain from customers with less than 10 employees but thereafter, wherever the number settles at, it should remain a solid piece of business for Zoom.</p>\n<p>CFO Kelly Steckelberg also went on to say that over time, it is expected that the customers with greater than 10 employees will likely grow faster and while the dollar amount of the customers with fewer than 10 employees will probably be consistent, the percentage of revenue is expected to decrease over time. In others words, not only will customers with fewer than 10 employees stabilize churn over the next several quarters but they will also be a less important percentage of Zoom's business over time.</p>\n<p><img src=\"https://static.tigerbbs.com/3a57b792bb75e775c7574a9c0458570c\" tg-width=\"640\" tg-height=\"455\" referrerpolicy=\"no-referrer\">Source:Zoom Video Q1 FY22 Investor Presentation</p>\n<p>The strong revenue growth accomplished by Zoom was in addition to posting strong profitability and cash flow numbers.</p>\n<p><img src=\"https://static.tigerbbs.com/ad131dd74178dcdc567cd866fe7b32cb\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Zoom Video Q1 FY22 Investor Presentation</p>\n<p>Zoom's Cost of Revenue was $264.99 million. Gross Profit was $691.24 with a Gross Margin of 72.29%.</p>\n<p><img src=\"https://static.tigerbbs.com/49901f6368499676897406c46ecb43fd\" tg-width=\"635\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>Total Operating Expenses were $464.93 million, broken down as follows:</p>\n<ul>\n <li>Research and development $65.19 Million</li>\n <li>Sales and Marketing $245.67 Million</li>\n <li>General and administrative $154.09 Million</li>\n</ul>\n<p>Research and development expense grew by 97% year-over-year to approximately $41 million. As a percentage of total revenue, the Non-GAAP R&amp;D expense was approximately 4.3%, which is lower than in Q1 of last year, mainly due to the strong top line growth. On a quarter-over-quarter basis, though, expenses grew by 33%, meaning that Zoom remains committed to investing to keep their products in \"best-in-class\" status.</p>\n<p>The 84% year-over-year rise in Sales and Marketing reflects an additional $87 million over last year that was made primarily due to investments in hiring to drive future growth. The NON-GAAP S&amp;M expense was approximately 20% of total revenue, a decrease from Q1 of last year, mainly due to strong top line growth. However, Zoom plans on increasing their marketing investment to add more global sales capacity and brand and product marketing programs in order to capitalize on the opportunity. The focus on marketing might change a little, however, as the Zoom CFO Kelly Steckelberg has indicated at theNasdaq 44th Virtual Investor Conferencethat the company will be moving away from their previous strategy of building brand awareness to focus more on targeted product marketing around products like Zoom Events and Zoom Apps in the future.</p>\n<p>G&amp;A expense in the quarter grew by 51% to $73 million as Zoom continues to invest in systems, automation and compliance to meet their new scale that exploded higher over the past year. G&amp;A expense was approximately 7.7% of total revenue, a decrease from Q1 of last year.</p>\n<blockquote>\n For the long-term, you should expect our margins to be more in the range of 25% plus as today we're currently under investing in R&amp;D, [Non-GAAP] R&amp;D in Q1 was 4.3%. We really want that to be in the range of 8% to 10% for the long-term and then sales and marketing, we're also under investing currently today.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n</blockquote>\n<p>Zoom's Q1 GAAP Income from operations totaled $226.31 Million, with an Operating Margin of 23.7%.</p>\n<p><img src=\"https://static.tigerbbs.com/ce081a915123fea93c6eb5405ef59036\" tg-width=\"635\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>Zoom recorded a GAAP Net Income of $227.53 Million and a GAAP Diluted EPS of $0.74 per share.</p>\n<p><img src=\"https://static.tigerbbs.com/c1fae56ae7812323b5d7d268cf441329\" tg-width=\"635\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p>A few customer metrics:</p>\n<ul>\n <li>Approximately 497,000 customers with more than 10 employees, up approximately 87% from the same quarter last fiscal year.</li>\n <li>1,999 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 160% from the same quarter last fiscal year.</li>\n <li>A trailing 12-monthnet dollar expansion ratein customers with more than 10 employees above 130% for the 12th consecutive quarter.</li>\n <li>Revenue Performance Obligation or RPO totaled approximately $2.1 billion, up 94% year-over-year from $1.1 billion. RPO is simply billed and unbilled revenue that has yet to be recognized. Zoom management expects to recognize approximately 72% of the total RPO as revenue over the next 12 months, consistent with the level of this metric last year.</li>\n</ul>\n<p>As far as RPO goes, It’s important that investors remember that deferred revenue and RPO trends are<b>not reliable predictors of future revenue growth</b>due to the large percent of monthly billings in the customer base from customers that have fewer than 10 employees.</p>\n<p>It is also important to be aware that the timing of the company's renewals has increasingly shifted to the beginning of the fiscal year, with Q1 now representing the largest renewal quarter. Each of the sequential increases in deferred revenue and RPO in each of the remaining quarters will be lower as the available population of annual renewals is smaller.</p>\n<p><b>Company Guidance</b></p>\n<p><img src=\"https://static.tigerbbs.com/b0196de9dc9f56b9388133d11562620e\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Zoom Video Q1 FY22 Investor Presentation</p>\n<p><b>Balance Sheet</b></p>\n<p>Zoom's balance sheet is in great shape. Zoom Video's total cash, cash equivalents, and marketable securities, excluding restricted cash, as of April 30, 2021 was $4.7 billion.</p>\n<p>Zoom Video's total current liabilities is $1.5 billion. Zoom Video has a Debt To Equity ratio of .02 and aQuick Ratio (Acid Test)of 3.32. A Good Quick Ratio is any number above 1.0.</p>\n<p>As for Cash flow, the net cash provided by operating activities was $533.3 million for the first quarter, compared to $259.0 million in the first quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $454.2 million, compared to $251.7 million in the first quarter of fiscal year 2021.</p>\n<p><img src=\"https://static.tigerbbs.com/21111bcc062d398f515571c267368951\" tg-width=\"635\" tg-height=\"403\" referrerpolicy=\"no-referrer\">Data by YChartsZoom Aides A Hybrid Work Model For Customers</p>\n<p>Shortly after COVID-19 hit American shores in March of 2020, it wasn't long before Zoom Video Communications became classified as a \"pandemic stock\", as \"shelter in place\" forced businesses to close offices and connect with employees in a work-at-home environment through the use of Zoom's products.</p>\n<p>Now that the pandemic is on the beginning edges of subsiding and offices are re-opening, companies have started to re-imagine the workplace. Many businesses have decided that rather than forcing employees to come back into the office, they should evolve the \"workplace\" intoa hybrid work model, by giving their employees the flexibility to choose whether they want to work in the office, remotely, or a combination of the two.</p>\n<blockquote>\n As parts of the world reopened, a few things are clear. First, many customers I talk to are looking to create hybrid solutions as they seek to cautiously reopen some offices.Source: Founder and CEO Eric Yuan -Zoom Q1 FY22 Earnings Webinar\n</blockquote>\n<p>During the Q1 earnings call, the Zoom CEO indicated that in a recent study that the company conducted, 80% of U.S. respondents agreed that all interactions will continue to have a virtual element post-pandemic, and that figure was even higher in many of the markets that Zoom is in. So The hybrid work model is likely here to stay.</p>\n<p>Zoom is currently innovating new products to help their customers evolve into the hybrid work model. One such product isZoom Room. Zoom Room is a physical hardware setup that lets companies schedule and launchZoom Meetingsfrom their conference rooms.</p>\n<p>Zoom Room has features such asvirtual receptionist (Kiosk Mode), participant counting, environmental sensors, voice commands and Smart Gallery which uses AI to create a gallery view of in-room participants, which puts in-room and remote participants on an equal footing.</p>\n<p>Another product that Zoom created for the hybrid work environment that will soon be released isZoom Events, which is an all-in-one platform that gives customers the tools to create engaging virtual experiences. Some of the tools available on Zoom Events are the ability to build a branded event hub, manage ticketing and registration, use one dashboard to administer user access, and the ability to allow attendees to network during an event. The Zoom Events product will be focused on enterprise customers and help support an array of virtual event use cases.</p>\n<p><b>Zoom Phone</b></p>\n<p>Zoom Phone is a service designed for the hybrid work environment. In simple language, Zoom Phone is simply a modern cloud-based phone system that can make and receive calls directly from Zoom. This service also serves as the last piece that Zoom needed to become a full fledgedUCaaS platformdesigned to solve the needs of large enterprise customers.</p>\n<p>Zoom Phoneruns on the same backbone as Zoom Meeting. The only difference between Zoom Phone and Zoom Meeting is that Zoom Phone has phone number management and can seamlessly make and receive phone calls, share content, participate in video meetings, and send chat messages from Zoom desktop and mobile apps. Zoom Phone was launched in January 2019 as a business phone solution that is as simple, reliable, and easy to use as the video platform. Zoom has recently announced surpassing1.5 million Zoom Phone seatssold worldwide, so the service is really starting to take off.</p>\n<p>The company's strategy for selling Zoom Phone is to sell into the existing Zoom Meetings install base. In the first half of this year, Zoom Phones had slower growth as enterprises seemed to pause on considering the product, However, coming into the second half of the year, interest is starting to rise in Zoom Phone as companies want to continue the digital transformation process.</p>\n<p>Many large enterprises are just beginning to realize that there are thousands of phones and phone lines sitting in offices unused because of the COVID-induced work from home trend. Even with the re-opening of offices, the evolvement of the workplace into a hybrid environment where people can work from anywhere, is finally making it click in enterprise leader's minds that by shifting the phone system from being on-prem to being located in the cloud will have the advantage of allowing people to use their company phone lines no matter where they are. Zoom Phone allows employees to carry their phone service on their mobile device or they can have the service on their laptop or desktop.</p>\n<p>In addition, the company hasrecently announcedthis month a new device category called Zoom Phone Appliances to help empower a hybrid workforce by providing an All-In-One Desk Phone Solution for Calls and Meetings. Zoom Phone Appliances will now allow customers to take advantage of all the powerful audio and video capabilities of the Zoom Phone cloud solution on a purpose built hardware solution.</p>\n<p><img src=\"https://static.tigerbbs.com/34d92904f4e683801859a0d33077b2c2\" tg-width=\"640\" tg-height=\"337\" referrerpolicy=\"no-referrer\">Source:Zoom Video Website</p>\n<p>Zoom Phone Appliances will launch with three models, the Poly CCX 600 with Camera, the Poly CCX 700, and the Yealink VP59. This new hardware isalready available today on Zoom's website.</p>\n<p><b>What's Next For Zoom?</b></p>\n<p>Some analyst have speculated that with $4.7 billion on the balance sheet that Zoom could make a possible acquisition, possibly in theContact Center as a Service or CCaaSspace. CCaaS is essentially a virtual call center based in the cloud which aids a customer support function.</p>\n<blockquote>\n \"At some point we believe it makes sense for ZM to buy or build a cloud contact center solution to bundle with Zoom Phone and video, which could add to growth.\"Source: Baird analyst William Power -Investors.com\n</blockquote>\n<p><b>Zoom Platform Strategy</b></p>\n<p>In February, really started to invest in a developer ecosystem bylaunching the Zoom Video SDK, which helps developers build and embed fully customizable Zoom video services inside other applications.</p>\n<p>Zoom had already introduced Zoom Apps and the Marketplace to help distribute and sell the apps last year at the virtualZoomtopia user conference.</p>\n<p>In April, Zoom enhanced Zoom Apps by announcing a $100 million Zoom Apps Fund to further build the app ecosystem. This is an attempt by Zoom to integrate apps directly into the Zoom experience so that users don’t have to switch back and forth between multiple applications, which should help collaboration and boost efficiency.</p>\n<p><b>International Opportunities</b></p>\n<p>International has always been one of the key growth strategies for the last several years. In recent quarters, Zoom made significant investments in their international teams, and the progress from those investments can already be seen.</p>\n<p>International markets showed strong growth during the quarter. Americas revenue grew 159% year-over-year. The combined APAC and EMEA revenue grew 288% year-over-year to become approximately 34% of revenue, up from 25% a year ago.</p>\n<p>Pre-pandemic Europe was a couple of years behind the U.S. in terms of video adoption. But that's likely not the case anymore. Globally, video adoption has become a communication mode that everybody is now comfortable with. The global opportunity remains large and Zoom plans to capitalize on their opportunities.</p>\n<p>The pandemic has raised Zoom's brand awareness and what that has done is really open up markets worldwide that pre-pandemic would have not been on Zoom's roadmap for a few years. An example of one market that the pandemic opened up for Zoom is Latin America. If the pandemic had never happened, Zoom would have probably only considered entering the area several years down the road. The pandemic has greatly accelerated the timetable on Latin America, as Zoom is already hiring reps in the area. Zoom Video is already seeing results in Latin America., as it was one of the company's strongest performing regions in Q1.</p>\n<p>International as a whole was a little over 30% of Zoom's revenue in Q1 and management expects over the long term that international revenue could make up 40% to 50% of the revenue, so expect Zoom to continue to invest strongly in international opportunities.</p>\n<p><b>So Exactly How Does Zoom Make Those Sales?</b></p>\n<p>Zoom uses a freemium model to make potential customers aware of their Zoom Meeting product, which helped the company to grow significantly during the pandemic.</p>\n<p>The way the freemium model works for Zoom is that every time a free host starts a meeting, it often exposes some other potential customer to the Zoom Meetings product. This is the way many people have become initially aware of Zoom and this method of introduction to Zoom continues to happen on a global basis. Zoom has a very viral nature that has always been a very important part of the company's go to market strategy.</p>\n<p>After people become aware of Zoom, the most common reason people would decide to upgrade from free to paid is due to the 40 minutes time limit. This means that promoting more usage on the platform has the side effect of motivating people to upgrade to paid. Zoom will also market to free users things like Zoom Phone and try to encourage them to become a multi-product user, which often also motivates them to upgrade.</p>\n<p>Generally, the way things work upmarket with enterprise customers is that Zoom account reps work on anamed account basis. The way it works is Zoom sales teams will look into the free user base to see if they can find domains with account names that can be recognized, and the sales teams will reach out to those account names, especially if the team starts to see a concentration of free users within a certain domain, then the Zoom sales team will reach out to the head of IT or the CIO and say, \"Hey, can we talk about putting an enterprise license agreement in place?\" That's essentially how Zoom sales teams operate with many new potential major enterprise customers.</p>\n<p><b>Risks</b></p>\n<p>Among the biggest risks Zoom Video has involves security. Last year, security researchers foundseveral major vulnerabilitieswith Zoom Meeting. Zoom hasrapidly addressed all of the security issuesthat plagued the company in 2020. However, any major security issues Zoom has in the future could substantially damage the company's reputation and cause customers to be lost.</p>\n<p>Another risk that Zoom will face in 2021 is the possibility of high churn as the pandemic ends, especially in the group of customers with less than 10 employees. Companies with less than 10 customers usually only have month to month subscriptions. It will probably take to the end of 2021 before the churn rate of the less than 10 customers stabilizes.</p>\n<p>Last but not least, Zoom's competitors are now aware that video teleconferencing is a major market opportunity and companies ranging from Google and Microsoft to LogMeIn and Fuze are all making attempts to enter the market. Zoom will likely have to invest heavily to stay ahead of its competitors.</p>\n<p><b>Competition</b></p>\n<p>Zoom hasmany competitorsthat include Microsoft (NASDAQ:MSFT) Teams and Google(NASDAQ:GOOG)(NASDAQ:GOOGL) Hangouts. Zoom Video has differentiated itself from all of their competitors from the beginning by having the best combination of usability, reliability, performance, focus on the user experience, and remote work features. Also, many companies favor Zoom because the company's tools usually don't require a lot of support from tech staff. It is the combination of all of those above things which makes Zoom Meeting a favorite from the kindergarten class room setting, all the way up to the largest Fortune 10 company. Zoom has been generally acknowledged by most people to be thebest video-conferencing service.</p>\n<p>Zoom was founded in 2011 by Eric Yuan, a former corporate vice president for Cisco (NASDAQ:CSCO) Webex. Eric Yuan left Cisco Webex because he was disappointed that whenever he would talk to Cisco Webex’s customers about the video-conferencing product that he’d helped build, that the feedback was always negative and customers were not happy.</p>\n<p>Webex was ultimately a flawed product that was too slow in developing into a product that customers loved and Cisco also didn't put a whole lot of effort into the development of the software during the time of Yuan's employment. So, Yuan left Cisco with 40 engineers with a vision to develop a videoconferencing software platform focused from the ground up to make customers happy. The original company was named Saasbee but the name later changed to Zoom Video in May 2012. The full story of the founding of Zoomcan be read here.</p>\n<p>The reason why I referenced the founding of Zoom Video here is to illustrate that the very founding of the company was built on a foundation of a desire to solve customer's pain points with videoconferencing software and make customers happy. Previous to Zoom, most videoconferencing software companies were not really in the business of solving customer pain points and many were only offering clunky, hard to use software.</p>\n<p>In the long-term, the competitor that Zoom Video management really thinks the most of is Microsoft Teams. Currently, Zoom management believes that Meetings is the preferred product that most users want to use, however, there are some customers that want to use Microsoft Teams for certain aspects of their suite, but also want it to be used in conjunction with Zoom. For instance, a customer might prefer to use Microsoft Teams Chat, but they also might prefer to use Zoom for meetings and for phone. For that reason, Zoom offers an integration with Microsoft that allows customers to do things like launch a Zoom Meeting from within the Teams interface or launch a Zoom Meeting within a Microsoft enabled conference room.</p>\n<p>So, Microsoft and Zoom have a frenemy type relationship. While Zoom Video will continue to work with Microsoft Teams, Zoom wants to remain the overall preferred choice in a category known asUnified Communications as a Service or UCaaS, which is why Zoom continues to invest heavily in innovation. Zoom spends a lot of time listening to their customers' needs, especially in areas likehybrid work environmentand innovation in the conference room with products like Smart Gallery.</p>\n<p>As for Google Meet, it is part of Google Workspace (Formerly G Suite), along with Google chat. Google Meet is a very good video-conferencing service. People that are very heavy users of Google products might be satisfied with Google Meet, however,Zoom is often a better optionfor large enterprises that want 250 people or more people on the calls or need things like conference room support or whiteboards.</p>\n<p>Another advantage that Zoom Video has is that the pandemic helped make the name ‘Zoom’ become the‘Kleenex’ of video calling. Zoom Video is now branded in such a way that the perception of many people is that Zoom is the best option (whether that happens to be true for a specific situation or not). Zoom's powerful viral nature has also seemed to create somewhat of a network effect that often influences people when making a decision on which videoconferencing software to use.</p>\n<p>There are many, many competitors out there, including the nowrebranded WebexandVerizon's Bluejeansbut in almost all cases Zoom either has better features, better usability or is technically superior in some way. In addition, no company has quite the branding in videoconferencing that Zoom has, which often makes the company the first choice to be considered when a company desires videoconferencing software.</p>\n<p><b>Valuation</b></p>\n<table>\n <tbody>\n  <tr>\n   <td>Company</td>\n   <td>Mkt Cap</td>\n   <td><p>Price/Sales</p></td>\n   <td>Free Cash Flow Margin %</td>\n   <td>EV/Revenues (FWD)</td>\n   <td>Revenue Growth (Y/Y) %</td>\n   <td>Gross Margins %</td>\n   <td>Revenues</td>\n  </tr>\n  <tr>\n   <td>Zoom Video (ZM)</td>\n   <td>$109.89B</td>\n   <td>34.28</td>\n   <td>47.50%</td>\n   <td>26.37</td>\n   <td>191.4%</td>\n   <td>72.29%</td>\n   <td>$956.24M</td>\n  </tr>\n  <tr>\n   <td>Snowflake (SNOW)</td>\n   <td>$73.85B</td>\n   <td>89.74</td>\n   <td>1.09%</td>\n   <td>62.71</td>\n   <td>123.60%</td>\n   <td>57.74%</td>\n   <td>$228.91M</td>\n  </tr>\n  <tr>\n   <td>Twilio (TWLO)</td>\n   <td><p>$62.95B</p></td>\n   <td>28.43</td>\n   <td>-1.85%</td>\n   <td>23.20</td>\n   <td>61.70%</td>\n   <td>50.56%</td>\n   <td>$589.99M</td>\n  </tr>\n  <tr>\n   <td>RingCentral (RNG)</td>\n   <td>$25.91B</td>\n   <td>20.72</td>\n   <td>2.87%</td>\n   <td>18.02</td>\n   <td>31.72%</td>\n   <td>72.48%</td>\n   <td>$352.36M</td>\n  </tr>\n  <tr>\n   <td>Nice Ltd. (NICE)</td>\n   <td>$13.39B</td>\n   <td>8.74</td>\n   <td>33.36%</td>\n   <td>7.28</td>\n   <td>10.87%</td>\n   <td>67.50%</td>\n   <td>$455.02M</td>\n  </tr>\n  <tr>\n   <td>Vonage (VG)</td>\n   <td>$3.65B</td>\n   <td>2.83</td>\n   <td>9.26%</td>\n   <td>3.06</td>\n   <td>11.92%</td>\n   <td>52.90%</td>\n   <td>$332.90M</td>\n  </tr>\n </tbody>\n</table>\n<p>It is hard to find comparable videoconferencing software companies to compare to Zoom because almost all of the major ones are part of larger corporations.</p>\n<p>The above companies are the closest ones to what Zoom does without being part of a larger conglomerate. I also included Snowflake (NYSE:SNOW) to compare Zoom to perhaps the most highly valued company in the market. Zoom compares very, very well against Snowflake as Zoom is currently growing faster and is far more profitable currently than Snowflake.</p>\n<p>At its size, Zoom Video is still among the fastest growing companies in the market. I find it amazing that Zoom made near $1B in revenues in the quarter and still had 191% revenue growth with 47.50% Free Cash Flow margin. Zoom very much deserves its high valuation in comparison to other companies in cloud communication and videoconferencing industry.</p>\n<p><img src=\"https://static.tigerbbs.com/0266a1ba0d92494c8ee25b217c9bbca1\" tg-width=\"635\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data by YCharts</p>\n<p><img src=\"https://static.tigerbbs.com/174e938759d82a4f69575e8bdc3f5732\" tg-width=\"640\" tg-height=\"112\" referrerpolicy=\"no-referrer\">Source:Seeking Alpha</p>\n<p>In 2021, Zoom Video recorded Annual YoY Revenue growth of 325.8%. According to analyst projections, Zoom should make $4.0B in annual revenues for 2022 for an Annual YoY Revenue growth of 51%. So Zoom Video is still growing revenue briskly. Zoom Video has a very good history of beating analysts' estimates on both Revenues and EPS.</p>\n<p><img src=\"https://static.tigerbbs.com/ac35af66f6770e545e6d0194cde3ea8d\" tg-width=\"640\" tg-height=\"268\" referrerpolicy=\"no-referrer\">Source:Seeking Alpha</p>\n<p>The following is based on 21 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $414.97 with a high forecast of $540.00 and a low forecast of $242.00. The average price target represents a 10.88% from the last price of $240.60.</p>\n<p><img src=\"https://static.tigerbbs.com/3a701f0924e461b4f73268407d5e3f46\" tg-width=\"498\" tg-height=\"407\" referrerpolicy=\"no-referrer\">Source:Yahoo Finance</p>\n<p>RBC recently highlighted Zoom as itstop pickwith commentary suggesting that Zoom's \"sharp pullback\" has created an attractive entry point for a company that will be a \"critical component\" of the coming hybrid work environment.</p>\n<p><b>Conclusion</b></p>\n<p>People that invest in Zoom Video are counting on the company to retain many small business accounts as the pandemic eases, as well as continuing the strong gains in larger corporate accounts. In addition, another thing we want to see is Zoom's go-to-market efforts result in successfully converting more free users into paying subscribers.</p>\n<p>Investors will also want to see Zoom continuing to build out their platform by attracting more developers with Zoom Video SDK, while also enticing more customers to use Zoom apps. Furthermore, Zoom needs to show strong growth in the company's newer products like Zoom Events and Zoom Phone to capture more of the growing hybrid work tools market, in order for investors to see a Zoom investment be profitable from current prices.</p>\n<p>As one of the premier growth companies in the market today and one of the biggest potential winners of emerging hybrid work environment, Zoom Video is a buy at current prices for those investors looking to add a high growth stock to their portfolio.</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>Zoom Video: Winning The Hybrid Workplace</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZoom Video: Winning The Hybrid Workplace\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436146-zoom-video-stock-zm-winning-the-hybrid-workplace><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nZoom Video is perhaps the biggest winner from the acceleration of digital transformation that has occurred because of the pandemic.\nIts Q1 earnings report saw Zoom beat consensus analyst ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436146-zoom-video-stock-zm-winning-the-hybrid-workplace\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZM":"Zoom"},"source_url":"https://seekingalpha.com/article/4436146-zoom-video-stock-zm-winning-the-hybrid-workplace","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1113239280","content_text":"Summary\n\nZoom Video is perhaps the biggest winner from the acceleration of digital transformation that has occurred because of the pandemic.\nIts Q1 earnings report saw Zoom beat consensus analyst estimates on revenues by displaying 191% YoY revenue growth and also beating analyst EPS Estimates.\nThe company continues to build out its platform with the recent launch of Zoom Video SDK.\nZoom continues building out its UCaaS capabilities with the introduction of Zoom Phone Appliances.\nAs one of the biggest potential winners of the new and evolving hybrid workplace, Zoom Video is a buy at current prices.\n\nZoom Video(NASDAQ:ZM)is perhaps the biggest winner from the acceleration of digital transformation that has occurred because of the pandemic. When COVID-19 reached American shores like a tidal wave in March 2020, social distancing directives forced large swaths of society online and one of the primary ways businesses of all types and schools functioned was through the use of Zoom Video's Meetings and Chat products, Rooms and Workspaces products, Phone System, and Video Webinars.\nJust to give an idea of Zoom's growth because of the pandemic, in December of 2019, Zoom was averaging 10 million daily meeting participants. And by April, that number had already grown to 300 million daily meeting participants, so 30-times growth within a matter of months.\nZoom Video's rapid expansion also brought a rapid expansion in the stock price. Zoom Video opened at $66.63 on January 6th, 2020 and by October 19, 2020 reached an all-time closing high of $568.34.\nSince reaching those highs in October, Zoom's stock has drastically backed off the highs, with some of the reason partially due to valuation but the other part of the reason was the introduction of the COVID-19 vaccine.\nData by YCharts\nOn December 11, 2020, the U.S. Food and Drug Administration issuedthe first emergency use authorization (EUA)for Pfizer-BioNTech's COVID-19 vaccine. Many investors believe that Zoom Video is only a \"COVID stock\", meaning that substantially all of the company's business over the past year was due to COVID and there is a perception that when the world goes \"back to normal\", that Zoom will encounter a substantial loss of business. That perception persisted into early May to the point where Zoom's stock closed at $288.49 on May 10th, 2021.\nSince the lows in May, Zoom has rebounded to close at $372.95 on June 17th, 2021. The question for investors now becomes whether the perception of Zoom being a \"COVID stock\" that will churn customers and lose a lot of business as the pandemic subsides is true or not? In this article I will go over Zoom Video's earnings and I will also highlight reasons why I believe that Zoom Video has a strong business beyond the pandemic and why Zoom is a buy at current prices.\nBigger Deals\nIn Q1, Zoom video closed their largest deal ever in terms ofAnnual recurring revenue or ARR, with a leading global financial services firm that selected Zoom Meetings to deploy for over 90,000 hosts. That was only one of the large deals closed by Zoom this past quarter.\nSource:Zoom Video Q1 FY22 Presentation\nThe other large deals that Zoom closed in Q1 were:\n\nKimberly-Clark (NYSE:KMB) is an American multinational personal care corporation that produces mostly paper-based consumer products and sells them in more than 175 countries. Kimberly is already an existing Zoom Meetings and Video Webinar customer but is now expanding the relationship with Zoom by adding approximately 25,000 Zoom Phone licenses. The sale of Zoom phone licenses was aided by Zoom partner British Telecom, who advocated for Zoom in the decision-making process at Kimberly-Clark.\nTarget Corporation (NYSE:TGT) is the eighth-largest retailer in the United States and serves customers at more than 1,900 stores and online atTarget.com. Target was already a longstanding Zoom Meetings customer that increased their commitment by expanding their Zoom platform solutions, while unifying their internal and external communications on Zoom technology.\nDenso is Japan’s largest and the world’s second largest automotive parts company, and a leading company in the Toyota Group. Denso first joined Zoom last year and last quarter, they decided to significantly expand their usage of Zoom Meetings and Zoom Video Webinars for internal and external communications. Zoom now connects 47,000 Denso employees across offices, factories and homes.\n\nZoom Video Q1 FY22 Earnings\nThe growth that Zoom has experienced over the last year continued as Zoom Video knocked it out of the park in Q1 by displaying 191% year-over-year revenue growth or a total of $956 million in revenues. These results exceeded the high end of company guidance of $905 million and beat consensus analyst estimates by $48.06M due to strong sales, marketing execution and lower than expected churn.\nThe lower than expected churn is a great thing to hear, as Zoom Video is perceived as a \"COVID-19 stock\" and with both businesses and schools reopening, more churn was certainly expected and the Zoom Video Management had given very conservative guidance because of that expected churn. The fact that Zoom is retaining more business than expected should help lower the perception that Zoom is only a \"COVID-19 stock\" over time, if Zoom proves that it can retain its customers over the next year.\nLet's talk about retention of customers, since it is highly important for Zoom to retain the customers they gained from the pandemic, in order to not be known as only a \"COVID-19 play\".\nZoom CFO Kelly Steckelberg has indicated that when investors look at retention, that it is best to segment the customer base into:\n\nCustomers with more than 10 employees.\nCustomers with fewer than 10 employees.\n\nCustomers that have more than 10 employees are generally handled by Zoom's direct sales organization. These type of companies typically buy annual or multi-year agreements.\nCustomers with fewer than 10 employees, however, are ones that typically buy the product online, and the vast majority of them are buying on monthly agreements. It is important to remember that most customers with fewer than 10 employees don't have a long-term committed contract.\nThe retention in the customers of greater than 10 also winds up being much higher than those in the customers with fewer than 10 employees. Hence, there is a lot more certainty about how customers with more than 10 employees will evolve for Zoom.\n\n We were very pleased with the retention and the renewals in the customers with greater than 10. It was actually stronger than we had forecast. So, that was great. And that part of that is what allowed us to increase our guidance for overachiever key one, but also increase our guidance for the full year.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n\nWhat is really interesting is how Zoom Video views the customers with fewer than 10 employees because that segment has grown in importance during the pandemic. Pre-pandemic customers with fewer than 10 employees was 20% of the revenue, however, the last couple of quarters it's been in the 36% and 37% of revenue area. So, 36% to 37% of Zoom's revenue comes from a volatile segment that is buying on a monthly basis.\nZoom has retention curves for customers with fewer than 10 employees that show that the highest rate of churn is within a two to three months time period, which is typical of most subscription businesses. Once a customer goes beyond this two to three months time period, a majority of them tend to enter a long tail of retention.\nEssentially, Zoom CFO Kelly Steckelberg expects that it is going to take a few quarters to get to a point where the less than 10 employees segment enters a period where the churn becomes stable as each new set of customers to Zoom rolls through that 2-3 months period to get to a stable retention point.\nCFO Kelly Steckelberg views it this way:\n\n I think we're going to settle into is a long tail of a stabilized renewal rate for these [fewer than 10] cohorts, but\n that's going to take a few more quarters to get to that stabilized period. And then I think this will be a really nice segment of our business that renew on a consistent basis.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n\nSo, in essence, it could take to the end of the calendar year before fully understanding how much business that Zoom Video will retain from customers with less than 10 employees but thereafter, wherever the number settles at, it should remain a solid piece of business for Zoom.\nCFO Kelly Steckelberg also went on to say that over time, it is expected that the customers with greater than 10 employees will likely grow faster and while the dollar amount of the customers with fewer than 10 employees will probably be consistent, the percentage of revenue is expected to decrease over time. In others words, not only will customers with fewer than 10 employees stabilize churn over the next several quarters but they will also be a less important percentage of Zoom's business over time.\nSource:Zoom Video Q1 FY22 Investor Presentation\nThe strong revenue growth accomplished by Zoom was in addition to posting strong profitability and cash flow numbers.\n\nSource:Zoom Video Q1 FY22 Investor Presentation\nZoom's Cost of Revenue was $264.99 million. Gross Profit was $691.24 with a Gross Margin of 72.29%.\nData by YCharts\nTotal Operating Expenses were $464.93 million, broken down as follows:\n\nResearch and development $65.19 Million\nSales and Marketing $245.67 Million\nGeneral and administrative $154.09 Million\n\nResearch and development expense grew by 97% year-over-year to approximately $41 million. As a percentage of total revenue, the Non-GAAP R&D expense was approximately 4.3%, which is lower than in Q1 of last year, mainly due to the strong top line growth. On a quarter-over-quarter basis, though, expenses grew by 33%, meaning that Zoom remains committed to investing to keep their products in \"best-in-class\" status.\nThe 84% year-over-year rise in Sales and Marketing reflects an additional $87 million over last year that was made primarily due to investments in hiring to drive future growth. The NON-GAAP S&M expense was approximately 20% of total revenue, a decrease from Q1 of last year, mainly due to strong top line growth. However, Zoom plans on increasing their marketing investment to add more global sales capacity and brand and product marketing programs in order to capitalize on the opportunity. The focus on marketing might change a little, however, as the Zoom CFO Kelly Steckelberg has indicated at theNasdaq 44th Virtual Investor Conferencethat the company will be moving away from their previous strategy of building brand awareness to focus more on targeted product marketing around products like Zoom Events and Zoom Apps in the future.\nG&A expense in the quarter grew by 51% to $73 million as Zoom continues to invest in systems, automation and compliance to meet their new scale that exploded higher over the past year. G&A expense was approximately 7.7% of total revenue, a decrease from Q1 of last year.\n\n For the long-term, you should expect our margins to be more in the range of 25% plus as today we're currently under investing in R&D, [Non-GAAP] R&D in Q1 was 4.3%. We really want that to be in the range of 8% to 10% for the long-term and then sales and marketing, we're also under investing currently today.Source: Zoom CFO Kelly Steckelberg -Nasdaq 44th Virtual Investor Conference June 17, 2021 11:00 AM ET\n\nZoom's Q1 GAAP Income from operations totaled $226.31 Million, with an Operating Margin of 23.7%.\nData by YCharts\nZoom recorded a GAAP Net Income of $227.53 Million and a GAAP Diluted EPS of $0.74 per share.\nData by YCharts\nA few customer metrics:\n\nApproximately 497,000 customers with more than 10 employees, up approximately 87% from the same quarter last fiscal year.\n1,999 customers contributing more than $100,000 in trailing 12 months revenue, up approximately 160% from the same quarter last fiscal year.\nA trailing 12-monthnet dollar expansion ratein customers with more than 10 employees above 130% for the 12th consecutive quarter.\nRevenue Performance Obligation or RPO totaled approximately $2.1 billion, up 94% year-over-year from $1.1 billion. RPO is simply billed and unbilled revenue that has yet to be recognized. Zoom management expects to recognize approximately 72% of the total RPO as revenue over the next 12 months, consistent with the level of this metric last year.\n\nAs far as RPO goes, It’s important that investors remember that deferred revenue and RPO trends arenot reliable predictors of future revenue growthdue to the large percent of monthly billings in the customer base from customers that have fewer than 10 employees.\nIt is also important to be aware that the timing of the company's renewals has increasingly shifted to the beginning of the fiscal year, with Q1 now representing the largest renewal quarter. Each of the sequential increases in deferred revenue and RPO in each of the remaining quarters will be lower as the available population of annual renewals is smaller.\nCompany Guidance\n\nSource:Zoom Video Q1 FY22 Investor Presentation\nBalance Sheet\nZoom's balance sheet is in great shape. Zoom Video's total cash, cash equivalents, and marketable securities, excluding restricted cash, as of April 30, 2021 was $4.7 billion.\nZoom Video's total current liabilities is $1.5 billion. Zoom Video has a Debt To Equity ratio of .02 and aQuick Ratio (Acid Test)of 3.32. A Good Quick Ratio is any number above 1.0.\nAs for Cash flow, the net cash provided by operating activities was $533.3 million for the first quarter, compared to $259.0 million in the first quarter of fiscal year 2021. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $454.2 million, compared to $251.7 million in the first quarter of fiscal year 2021.\nData by YChartsZoom Aides A Hybrid Work Model For Customers\nShortly after COVID-19 hit American shores in March of 2020, it wasn't long before Zoom Video Communications became classified as a \"pandemic stock\", as \"shelter in place\" forced businesses to close offices and connect with employees in a work-at-home environment through the use of Zoom's products.\nNow that the pandemic is on the beginning edges of subsiding and offices are re-opening, companies have started to re-imagine the workplace. Many businesses have decided that rather than forcing employees to come back into the office, they should evolve the \"workplace\" intoa hybrid work model, by giving their employees the flexibility to choose whether they want to work in the office, remotely, or a combination of the two.\n\n As parts of the world reopened, a few things are clear. First, many customers I talk to are looking to create hybrid solutions as they seek to cautiously reopen some offices.Source: Founder and CEO Eric Yuan -Zoom Q1 FY22 Earnings Webinar\n\nDuring the Q1 earnings call, the Zoom CEO indicated that in a recent study that the company conducted, 80% of U.S. respondents agreed that all interactions will continue to have a virtual element post-pandemic, and that figure was even higher in many of the markets that Zoom is in. So The hybrid work model is likely here to stay.\nZoom is currently innovating new products to help their customers evolve into the hybrid work model. One such product isZoom Room. Zoom Room is a physical hardware setup that lets companies schedule and launchZoom Meetingsfrom their conference rooms.\nZoom Room has features such asvirtual receptionist (Kiosk Mode), participant counting, environmental sensors, voice commands and Smart Gallery which uses AI to create a gallery view of in-room participants, which puts in-room and remote participants on an equal footing.\nAnother product that Zoom created for the hybrid work environment that will soon be released isZoom Events, which is an all-in-one platform that gives customers the tools to create engaging virtual experiences. Some of the tools available on Zoom Events are the ability to build a branded event hub, manage ticketing and registration, use one dashboard to administer user access, and the ability to allow attendees to network during an event. The Zoom Events product will be focused on enterprise customers and help support an array of virtual event use cases.\nZoom Phone\nZoom Phone is a service designed for the hybrid work environment. In simple language, Zoom Phone is simply a modern cloud-based phone system that can make and receive calls directly from Zoom. This service also serves as the last piece that Zoom needed to become a full fledgedUCaaS platformdesigned to solve the needs of large enterprise customers.\nZoom Phoneruns on the same backbone as Zoom Meeting. The only difference between Zoom Phone and Zoom Meeting is that Zoom Phone has phone number management and can seamlessly make and receive phone calls, share content, participate in video meetings, and send chat messages from Zoom desktop and mobile apps. Zoom Phone was launched in January 2019 as a business phone solution that is as simple, reliable, and easy to use as the video platform. Zoom has recently announced surpassing1.5 million Zoom Phone seatssold worldwide, so the service is really starting to take off.\nThe company's strategy for selling Zoom Phone is to sell into the existing Zoom Meetings install base. In the first half of this year, Zoom Phones had slower growth as enterprises seemed to pause on considering the product, However, coming into the second half of the year, interest is starting to rise in Zoom Phone as companies want to continue the digital transformation process.\nMany large enterprises are just beginning to realize that there are thousands of phones and phone lines sitting in offices unused because of the COVID-induced work from home trend. Even with the re-opening of offices, the evolvement of the workplace into a hybrid environment where people can work from anywhere, is finally making it click in enterprise leader's minds that by shifting the phone system from being on-prem to being located in the cloud will have the advantage of allowing people to use their company phone lines no matter where they are. Zoom Phone allows employees to carry their phone service on their mobile device or they can have the service on their laptop or desktop.\nIn addition, the company hasrecently announcedthis month a new device category called Zoom Phone Appliances to help empower a hybrid workforce by providing an All-In-One Desk Phone Solution for Calls and Meetings. Zoom Phone Appliances will now allow customers to take advantage of all the powerful audio and video capabilities of the Zoom Phone cloud solution on a purpose built hardware solution.\nSource:Zoom Video Website\nZoom Phone Appliances will launch with three models, the Poly CCX 600 with Camera, the Poly CCX 700, and the Yealink VP59. This new hardware isalready available today on Zoom's website.\nWhat's Next For Zoom?\nSome analyst have speculated that with $4.7 billion on the balance sheet that Zoom could make a possible acquisition, possibly in theContact Center as a Service or CCaaSspace. CCaaS is essentially a virtual call center based in the cloud which aids a customer support function.\n\n \"At some point we believe it makes sense for ZM to buy or build a cloud contact center solution to bundle with Zoom Phone and video, which could add to growth.\"Source: Baird analyst William Power -Investors.com\n\nZoom Platform Strategy\nIn February, really started to invest in a developer ecosystem bylaunching the Zoom Video SDK, which helps developers build and embed fully customizable Zoom video services inside other applications.\nZoom had already introduced Zoom Apps and the Marketplace to help distribute and sell the apps last year at the virtualZoomtopia user conference.\nIn April, Zoom enhanced Zoom Apps by announcing a $100 million Zoom Apps Fund to further build the app ecosystem. This is an attempt by Zoom to integrate apps directly into the Zoom experience so that users don’t have to switch back and forth between multiple applications, which should help collaboration and boost efficiency.\nInternational Opportunities\nInternational has always been one of the key growth strategies for the last several years. In recent quarters, Zoom made significant investments in their international teams, and the progress from those investments can already be seen.\nInternational markets showed strong growth during the quarter. Americas revenue grew 159% year-over-year. The combined APAC and EMEA revenue grew 288% year-over-year to become approximately 34% of revenue, up from 25% a year ago.\nPre-pandemic Europe was a couple of years behind the U.S. in terms of video adoption. But that's likely not the case anymore. Globally, video adoption has become a communication mode that everybody is now comfortable with. The global opportunity remains large and Zoom plans to capitalize on their opportunities.\nThe pandemic has raised Zoom's brand awareness and what that has done is really open up markets worldwide that pre-pandemic would have not been on Zoom's roadmap for a few years. An example of one market that the pandemic opened up for Zoom is Latin America. If the pandemic had never happened, Zoom would have probably only considered entering the area several years down the road. The pandemic has greatly accelerated the timetable on Latin America, as Zoom is already hiring reps in the area. Zoom Video is already seeing results in Latin America., as it was one of the company's strongest performing regions in Q1.\nInternational as a whole was a little over 30% of Zoom's revenue in Q1 and management expects over the long term that international revenue could make up 40% to 50% of the revenue, so expect Zoom to continue to invest strongly in international opportunities.\nSo Exactly How Does Zoom Make Those Sales?\nZoom uses a freemium model to make potential customers aware of their Zoom Meeting product, which helped the company to grow significantly during the pandemic.\nThe way the freemium model works for Zoom is that every time a free host starts a meeting, it often exposes some other potential customer to the Zoom Meetings product. This is the way many people have become initially aware of Zoom and this method of introduction to Zoom continues to happen on a global basis. Zoom has a very viral nature that has always been a very important part of the company's go to market strategy.\nAfter people become aware of Zoom, the most common reason people would decide to upgrade from free to paid is due to the 40 minutes time limit. This means that promoting more usage on the platform has the side effect of motivating people to upgrade to paid. Zoom will also market to free users things like Zoom Phone and try to encourage them to become a multi-product user, which often also motivates them to upgrade.\nGenerally, the way things work upmarket with enterprise customers is that Zoom account reps work on anamed account basis. The way it works is Zoom sales teams will look into the free user base to see if they can find domains with account names that can be recognized, and the sales teams will reach out to those account names, especially if the team starts to see a concentration of free users within a certain domain, then the Zoom sales team will reach out to the head of IT or the CIO and say, \"Hey, can we talk about putting an enterprise license agreement in place?\" That's essentially how Zoom sales teams operate with many new potential major enterprise customers.\nRisks\nAmong the biggest risks Zoom Video has involves security. Last year, security researchers foundseveral major vulnerabilitieswith Zoom Meeting. Zoom hasrapidly addressed all of the security issuesthat plagued the company in 2020. However, any major security issues Zoom has in the future could substantially damage the company's reputation and cause customers to be lost.\nAnother risk that Zoom will face in 2021 is the possibility of high churn as the pandemic ends, especially in the group of customers with less than 10 employees. Companies with less than 10 customers usually only have month to month subscriptions. It will probably take to the end of 2021 before the churn rate of the less than 10 customers stabilizes.\nLast but not least, Zoom's competitors are now aware that video teleconferencing is a major market opportunity and companies ranging from Google and Microsoft to LogMeIn and Fuze are all making attempts to enter the market. Zoom will likely have to invest heavily to stay ahead of its competitors.\nCompetition\nZoom hasmany competitorsthat include Microsoft (NASDAQ:MSFT) Teams and Google(NASDAQ:GOOG)(NASDAQ:GOOGL) Hangouts. Zoom Video has differentiated itself from all of their competitors from the beginning by having the best combination of usability, reliability, performance, focus on the user experience, and remote work features. Also, many companies favor Zoom because the company's tools usually don't require a lot of support from tech staff. It is the combination of all of those above things which makes Zoom Meeting a favorite from the kindergarten class room setting, all the way up to the largest Fortune 10 company. Zoom has been generally acknowledged by most people to be thebest video-conferencing service.\nZoom was founded in 2011 by Eric Yuan, a former corporate vice president for Cisco (NASDAQ:CSCO) Webex. Eric Yuan left Cisco Webex because he was disappointed that whenever he would talk to Cisco Webex’s customers about the video-conferencing product that he’d helped build, that the feedback was always negative and customers were not happy.\nWebex was ultimately a flawed product that was too slow in developing into a product that customers loved and Cisco also didn't put a whole lot of effort into the development of the software during the time of Yuan's employment. So, Yuan left Cisco with 40 engineers with a vision to develop a videoconferencing software platform focused from the ground up to make customers happy. The original company was named Saasbee but the name later changed to Zoom Video in May 2012. The full story of the founding of Zoomcan be read here.\nThe reason why I referenced the founding of Zoom Video here is to illustrate that the very founding of the company was built on a foundation of a desire to solve customer's pain points with videoconferencing software and make customers happy. Previous to Zoom, most videoconferencing software companies were not really in the business of solving customer pain points and many were only offering clunky, hard to use software.\nIn the long-term, the competitor that Zoom Video management really thinks the most of is Microsoft Teams. Currently, Zoom management believes that Meetings is the preferred product that most users want to use, however, there are some customers that want to use Microsoft Teams for certain aspects of their suite, but also want it to be used in conjunction with Zoom. For instance, a customer might prefer to use Microsoft Teams Chat, but they also might prefer to use Zoom for meetings and for phone. For that reason, Zoom offers an integration with Microsoft that allows customers to do things like launch a Zoom Meeting from within the Teams interface or launch a Zoom Meeting within a Microsoft enabled conference room.\nSo, Microsoft and Zoom have a frenemy type relationship. While Zoom Video will continue to work with Microsoft Teams, Zoom wants to remain the overall preferred choice in a category known asUnified Communications as a Service or UCaaS, which is why Zoom continues to invest heavily in innovation. Zoom spends a lot of time listening to their customers' needs, especially in areas likehybrid work environmentand innovation in the conference room with products like Smart Gallery.\nAs for Google Meet, it is part of Google Workspace (Formerly G Suite), along with Google chat. Google Meet is a very good video-conferencing service. People that are very heavy users of Google products might be satisfied with Google Meet, however,Zoom is often a better optionfor large enterprises that want 250 people or more people on the calls or need things like conference room support or whiteboards.\nAnother advantage that Zoom Video has is that the pandemic helped make the name ‘Zoom’ become the‘Kleenex’ of video calling. Zoom Video is now branded in such a way that the perception of many people is that Zoom is the best option (whether that happens to be true for a specific situation or not). Zoom's powerful viral nature has also seemed to create somewhat of a network effect that often influences people when making a decision on which videoconferencing software to use.\nThere are many, many competitors out there, including the nowrebranded WebexandVerizon's Bluejeansbut in almost all cases Zoom either has better features, better usability or is technically superior in some way. In addition, no company has quite the branding in videoconferencing that Zoom has, which often makes the company the first choice to be considered when a company desires videoconferencing software.\nValuation\n\n\n\nCompany\nMkt Cap\nPrice/Sales\nFree Cash Flow Margin %\nEV/Revenues (FWD)\nRevenue Growth (Y/Y) %\nGross Margins %\nRevenues\n\n\nZoom Video (ZM)\n$109.89B\n34.28\n47.50%\n26.37\n191.4%\n72.29%\n$956.24M\n\n\nSnowflake (SNOW)\n$73.85B\n89.74\n1.09%\n62.71\n123.60%\n57.74%\n$228.91M\n\n\nTwilio (TWLO)\n$62.95B\n28.43\n-1.85%\n23.20\n61.70%\n50.56%\n$589.99M\n\n\nRingCentral (RNG)\n$25.91B\n20.72\n2.87%\n18.02\n31.72%\n72.48%\n$352.36M\n\n\nNice Ltd. (NICE)\n$13.39B\n8.74\n33.36%\n7.28\n10.87%\n67.50%\n$455.02M\n\n\nVonage (VG)\n$3.65B\n2.83\n9.26%\n3.06\n11.92%\n52.90%\n$332.90M\n\n\n\nIt is hard to find comparable videoconferencing software companies to compare to Zoom because almost all of the major ones are part of larger corporations.\nThe above companies are the closest ones to what Zoom does without being part of a larger conglomerate. I also included Snowflake (NYSE:SNOW) to compare Zoom to perhaps the most highly valued company in the market. Zoom compares very, very well against Snowflake as Zoom is currently growing faster and is far more profitable currently than Snowflake.\nAt its size, Zoom Video is still among the fastest growing companies in the market. I find it amazing that Zoom made near $1B in revenues in the quarter and still had 191% revenue growth with 47.50% Free Cash Flow margin. Zoom very much deserves its high valuation in comparison to other companies in cloud communication and videoconferencing industry.\nData by YCharts\nSource:Seeking Alpha\nIn 2021, Zoom Video recorded Annual YoY Revenue growth of 325.8%. According to analyst projections, Zoom should make $4.0B in annual revenues for 2022 for an Annual YoY Revenue growth of 51%. So Zoom Video is still growing revenue briskly. Zoom Video has a very good history of beating analysts' estimates on both Revenues and EPS.\nSource:Seeking Alpha\nThe following is based on 21 Wall Street analysts offering 12-month price targets for Snowflake in the last 3 months. The average price target is $414.97 with a high forecast of $540.00 and a low forecast of $242.00. The average price target represents a 10.88% from the last price of $240.60.\nSource:Yahoo Finance\nRBC recently highlighted Zoom as itstop pickwith commentary suggesting that Zoom's \"sharp pullback\" has created an attractive entry point for a company that will be a \"critical component\" of the coming hybrid work environment.\nConclusion\nPeople that invest in Zoom Video are counting on the company to retain many small business accounts as the pandemic eases, as well as continuing the strong gains in larger corporate accounts. In addition, another thing we want to see is Zoom's go-to-market efforts result in successfully converting more free users into paying subscribers.\nInvestors will also want to see Zoom continuing to build out their platform by attracting more developers with Zoom Video SDK, while also enticing more customers to use Zoom apps. Furthermore, Zoom needs to show strong growth in the company's newer products like Zoom Events and Zoom Phone to capture more of the growing hybrid work tools market, in order for investors to see a Zoom investment be profitable from current prices.\nAs one of the premier growth companies in the market today and one of the biggest potential winners of emerging hybrid work environment, Zoom Video is a buy at current prices for those investors looking to add a high growth stock to their portfolio.","news_type":1},"isVote":1,"tweetType":1,"viewCount":364,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123438252,"gmtCreate":1624433591376,"gmtModify":1703836544147,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123438252","repostId":"1132689055","repostType":4,"repost":{"id":"1132689055","pubTimestamp":1624433224,"share":"https://ttm.financial/m/news/1132689055?lang=&edition=fundamental","pubTime":"2021-06-23 15:27","market":"us","language":"en","title":"Software Firm Sprinklr Raises $266 Million in Downsized U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1132689055","media":"Bloomberg","summary":"Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. init","content":"<p>Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.</p>\n<p>The company priced 16.6 million shares on Tuesday at $16 each after marketing 19 million shares for $18 to $20 apiece, according to astatement.</p>\n<p>At $16 a share, Sprinklr has a market value of about $4 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.</p>\n<p>Sprinklr was last valued at $2.7 billion when it raised financing last year, according to data provider PitchBook.</p>\n<p>Sprinklr works with clients such as Microsoft Corp., McDonald’s Corp. and Cisco Systems Inc. to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.</p>\n<p>Its top investors includeHellman &amp; Friedman,Battery VenturesandIconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.</p>\n<p>Sprinklr had $387 million in revenue for the year ended Jan. 31, up from $324 million during the same period the year before, according to its filings. The company had a net loss of $41 million for the period, up from $39 million last year.</p>\n<p>The offering is being led byMorgan Stanley,JPMorgan Chase &amp; Co.,Barclays PlcandWells Fargo &amp; Co.Sprinklr’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Software Firm Sprinklr Raises $266 Million in Downsized U.S. IPO</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\">\nSoftware Firm Sprinklr Raises $266 Million in Downsized U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.\nThe company priced...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CXM":"Sprinklr, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132689055","content_text":"Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.\nThe company priced 16.6 million shares on Tuesday at $16 each after marketing 19 million shares for $18 to $20 apiece, according to astatement.\nAt $16 a share, Sprinklr has a market value of about $4 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.\nSprinklr was last valued at $2.7 billion when it raised financing last year, according to data provider PitchBook.\nSprinklr works with clients such as Microsoft Corp., McDonald’s Corp. and Cisco Systems Inc. to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.\nIts top investors includeHellman & Friedman,Battery VenturesandIconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.\nSprinklr had $387 million in revenue for the year ended Jan. 31, up from $324 million during the same period the year before, according to its filings. The company had a net loss of $41 million for the period, up from $39 million last year.\nThe offering is being led byMorgan Stanley,JPMorgan Chase & Co.,Barclays PlcandWells Fargo & Co.Sprinklr’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129130705,"gmtCreate":1624363933807,"gmtModify":1703834416124,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/129130705","repostId":"1174887682","repostType":4,"repost":{"id":"1174887682","pubTimestamp":1624363756,"share":"https://ttm.financial/m/news/1174887682?lang=&edition=fundamental","pubTime":"2021-06-22 20:09","market":"us","language":"en","title":"5 things to know before the stock market opens Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1174887682","media":"cnbc","summary":"Here are the most important news, trends and analysis that investors need to start their trading day","content":"<div>\n<p>Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 things to know before the stock market opens Tuesday</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 things to know before the stock market opens Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 20:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/06/22/5-things-to-know-before-the-stock-market-opens-tuesday-june-22.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1174887682","content_text":"Here are the most important news, trends and analysis that investors need to start their trading day:\n\nWall Street looks steady after comeback rally; GameStop pops\nFed chief Powell set to testify before House panel\nChina’s crypto crackdown continues to knock bitcoin\nEU opens antitrust probe into Google’s advertising unit\nNYC Democrats to vote in Tuesday’s mayoral primary\n\n1. Wall Street looks steady after comeback rally; GameStop pops\nU.S. stock futureswere flat Tuesday, one day after theDowrecovered a big chunk of last week's 3.5% plunge on theFederal Reserve's interest rate hike timetable shift. The 30-stock averagejumped 586 points, or nearly 1.8%, to start the week. TheS&P 500gained 1.4%, sitting within 1% of its record high. TheNasdaqwas Monday's relative underperformer with a 0.8% advance.\nGameStop shares jumped 9% in the premarket after the video game retailer and original meme stocksaid it completeda previously announced sale of 5 million common shares, raising more than $1.1 billion. GameStop said it will use the proceeds for general corporate purposes as well as for investing in growth initiatives and maintaining a strong balance sheet.\n2. Fed chief Powell set to testify before House panel\nThe10-year Treasury yieldhas bounced around since last week's Fed-driven spike and Monday's brief dip to February lows. The 10-year yieldticked lowerTuesday to around 1.47%. Fed ChairmanJerome Powellgoes before a House panel in the afternoon, and investors will be looking for more clues on policymakers' inflation outlook boost and indications of two rate increases in 2023.\nIn prepared testimony, Powell said the economy is growing but faces continued threats from the Covid pandemic. He also noted thatinflation has risen notablybut repeated price pressures will be transitory. The Fed has kept short-term lending rates anchored near zero, while buying at least $120 billion of bonds each month.\n3. China's crypto crackdown continues to knock bitcoin\nBitcoinfell about 3% Tuesday,trading above $31,000. China's renewed crackdown on the cryptocurrency industryhas wipednearly $300 billion in value off the total digital currency market since Friday. While Beijing expanded its closures of bitcoin mining operations, China's central bank urged financial institutions not to provide services related to crypto activities. Bitcoin has plunged more than 50% from its all-time high in April near $65,000.\n4. EU opens antitrust probe into Google's advertising unit\nThe European Commission on Tuesdayopened a new antitrust investigationintoAlphabet's Google, looking into whether the tech giant favors its own online display ad technology services. As part of the probe, the EU's executive arm will be assessing the restrictions Google places on the ability of advertisers, publishers and other third parties to access data about user identity and user behavior. Earlier this month, the French competition authority fined Google $262 million for abusing its market power in online ads.\n5. NYC Democrats to vote in Tuesday's mayoral primary\nDemocratic voters in New York Citygo to the pollsTuesday to pick their party's mayoral nominee. Eight candidates — including former presidential candidate Andrew Yang and perceived front-runner Eric Adams — are hoping to replace Democratic MayorBill de Blasio, who can't run again because of term limits. Tuesday's Democratic primary, whose winner will be heavily favored in the November general election against the GOP's nominee, will be the city's first time usingranked-choice voting. Voters will list their preferences in order for up to five candidates. Official results may not be announced for weeks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":106,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167815351,"gmtCreate":1624258258273,"gmtModify":1703831772866,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Ya","listText":"Ya","text":"Ya","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167815351","repostId":"2145083140","repostType":4,"repost":{"id":"2145083140","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":1624254048,"share":"https://ttm.financial/m/news/2145083140?lang=&edition=fundamental","pubTime":"2021-06-21 13:40","market":"us","language":"en","title":"Goldman Sachs expands transaction bank to Britain","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083140","media":"Reuters","summary":"LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm sai","content":"<p>LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.</p>\n<p>The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.</p>\n<p>Goldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems</p>\n<p>\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.</p>\n<p>Goldman is trying to compete with rivals such as Citigroup</p>\n<p>and JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.</p>\n<p>Britain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.</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>Goldman Sachs expands transaction bank to Britain</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\">\nGoldman Sachs expands transaction bank to Britain\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\">2021-06-21 13:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.</p>\n<p>The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.</p>\n<p>Goldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems</p>\n<p>\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.</p>\n<p>Goldman is trying to compete with rivals such as Citigroup</p>\n<p>and JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.</p>\n<p>Britain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083140","content_text":"LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.\nThe bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.\nGoldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems\n\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.\nGoldman is trying to compete with rivals such as Citigroup\nand JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.\nBritain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165776130,"gmtCreate":1624159584520,"gmtModify":1703829784359,"author":{"id":"3564564201334764","authorId":"3564564201334764","name":"Ruzzer","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3564564201334764","authorIdStr":"3564564201334764"},"themes":[],"htmlText":"Yio","listText":"Yio","text":"Yio","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165776130","repostId":"1126454279","repostType":4,"repost":{"id":"1126454279","pubTimestamp":1624151746,"share":"https://ttm.financial/m/news/1126454279?lang=&edition=fundamental","pubTime":"2021-06-20 09:15","market":"us","language":"en","title":"A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens","url":"https://stock-news.laohu8.com/highlight/detail?id=1126454279","media":"fool","summary":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\n","content":"<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.</p>\n<p>Since the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followed<b>S&amp;P 500</b>(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.</p>\n<p><b>History is pretty clear that trouble lies ahead</b></p>\n<p>For example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&amp;P 500 and have yet to see anything close to a double-digit correction.</p>\n<p>To add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&amp;P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.</p>\n<p>On a valuation basis, the S&amp;P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&amp;P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.</p>\n<p>Make no mistake about it -- a stock market crash is coming.</p>\n<p>Every crash or correction is an opportunity for patient investors to make money</p>\n<p>However, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.</p>\n<p><b>CrowdStrike Holdings</b></p>\n<p>Cybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stock<b>CrowdStrike Holdings</b>(NASDAQ:CRWD)can thrive in any environment.</p>\n<p>CrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.</p>\n<p>We can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.</p>\n<p><b>Facebook</b></p>\n<p>Brand-name businesses can make patient investors a fortune, and social media giant<b>Facebook</b>(NASDAQ:FB)is the perfect example.</p>\n<p>When the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.</p>\n<p>But here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.</p>\n<p><b>NextEra Energy</b></p>\n<p>Another high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stock<b>NextEra Energy</b>(NYSE:NEE).</p>\n<p>Did I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.</p>\n<p>In addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.</p>\n<p><b>Visa</b></p>\n<p>When the next stock market crash arrives, payment processing kingpin<b>Visa</b>(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.</p>\n<p>Buying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.</p>\n<p>The other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.</p>\n<p><b>Amazon</b></p>\n<p>Lastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemoth<b>Amazon</b>(NASDAQ:AMZN).</p>\n<p>Amazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.</p>\n<p>What about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.</p>\n<p>But it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.</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>A Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens</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\">\nA Stock Market Crash Is Coming: 5 High-Conviction Stocks to Buy Hand Over Fist When It Happens\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/><strong>fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","CRWD":"CrowdStrike Holdings, Inc.","NEP":"Nextera Energy Partners","V":"Visa"},"source_url":"https://www.fool.com/investing/2021/06/19/stock-market-crash-coming-5-high-conviction-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126454279","content_text":"It might be the last thing you want to hear, but it's the truth:A stock market crash is inevitable.\nSince the March 23, 2020 bottom, investors have enjoyed a historically strong bounce-back rally -- the widely followedS&P 500(SNPINDEX:^GSPC)has gained an impressive 90%. But both history and valuation metrics unequivocally suggest that a big drop is upcoming for the stock market.\nHistory is pretty clear that trouble lies ahead\nFor example, there have beenone or two double-digit percentage declineswithin the three years following a bottom in each of the previous eight bear markets prior to the coronavirus crash (i.e., dating back to 1960). Although bull markets tend to last years, rebounds from a bear market are never this smooth. We're nearly 15 months past the March 2020 bear-market bottom in the S&P 500 and have yet to see anything close to a double-digit correction.\nTo add to this point, data from market analytics firm Yardeni Research shows that there have been 38 double-digit declines in the S&P 500 over the past 71 years. That's a crash or correction, on average,every 1.87 years. Though the market doesn't adhere to averages, it does give a general sense of when to expect these hiccups.\nOn a valuation basis, the S&P 500's Shiller price-to-earnings (P/E) ratio is a waving red flag. The S&P 500's Shiller P/E -- a measure of inflation-adjusted earnings over the previous 10 years -- almost hit 38 earlier this week. That more than doubles its 151-year average, and it's the highest level in nearly two decades. The previous four times the Shiller P/E surpassed and held above 30 during a bull market rally, the indexsubsequently declined by a minimum of 20%.\nMake no mistake about it -- a stock market crash is coming.\nEvery crash or correction is an opportunity for patient investors to make money\nHowever, a crash is no reason to duck and cover. While history may signal trouble ahead, it also tells us that each and every double-digit decline has been a buying opportunity. Eventually, every big drop in the major indexes is erased by a bull-market rally. When the next crash does occur, the following five high-conviction stocks can be confidently bought hand over fist.\nCrowdStrike Holdings\nCybersecurity is projected to beone of the safest double-digit growth trendsthis decade. No matter the size of the business or the state of the U.S./global economy, protecting enterprise and consumer data is paramount. This means cloud-based cybersecurity stockCrowdStrike Holdings(NASDAQ:CRWD)can thrive in any environment.\nCrowdStrike's successderives from its cloud-native Falcon security platform. Because it's built in the cloud and relies on artificial intelligence, it's growing smarter at identifying and responding to threats all the time. It's currently overseeing 6 trillion events on a weekly basis, and it's far more cost-effective at protecting data than on-premise solutions.\nWe can also look to the company's income statements to see clear-cut evidence that businesses favor CrowdStrike's cybersecurity platform. It's been retaining 98% of its clients, has seen existing clients spend 23% to 47% more on a year-over-year basis for the past 12 quarters, and recently reported that 64% of its customers have purchased at least four cloud module subscriptions. Scaling with its customers is CrowdStrike's ticket to big-time cash flow expansion.\nFacebook\nBrand-name businesses can make patient investors a fortune, and social media giantFacebook(NASDAQ:FB)is the perfect example.\nWhen the curtain closed on March, Facebook tallied 2.85 billion monthly active users (MAU) visiting its namesake site and an additional 600 million unique MAUs visiting WhatsApp or Instagram, which it also owns. All told, this equates to44% of the global populationinteracting with its owned sites each month. There's simply no social media platform businesses can go to get their message to a broader (or potentially targeted) audience, which is why Facebook ad-pricing power is so strong.\nBut here's the kicker: Facebookhasn't even put the pedal to the metal. Although it's on track to generate more than $100 billion in advertising revenue in 2021, nearly all of these ad sales are coming from its namesake site and Instagram. WhatsApp and Facebook Messenger, which are two of the six most-visited social sites in the world, aren't being meaningfully monetized as of yet. Further, the company's Oculus virtual reality devices are still in the early stage of their growth. Suffice it to say, Facebook offers ample upside as its other operating segments are monetized and mature.\nNextEra Energy\nAnother high-conviction stock to buy hand over fist the next time a crash or steep correction strikes is electric utility stockNextEra Energy(NYSE:NEE).\nDid I put you to sleep when I said \"electric utility stock?\" Electric utilities are traditionally known for their market-topping dividend yields and persistently low growth rates. But this doesn't describe NextEra Energy. NextEra has aggressively invested in renewable energy projects and is leading the country in solar and wind capacity. As a result of these investments, its electric generation costs have declined and its compound annual growth ratehas consistently been in the high single digitsfor more than a decade. It also doesn't hurt that NextEra is front-running any potential green-energy legislation that might come out of Washington.\nIn addition to growth rates that are well above the sector average, NextEra still benefits from the predictability of energy demand. For instance, its regulated utilities (i.e., those not powered by renewable energy) require approval from state utility commissions before price hikes can be passed along to households. This might sound like an inconvenience, but it's actually great news. It means NextEra won't be exposed to potentially volatile wholesale pricing.\nVisa\nWhen the next stock market crash arrives, payment processing kingpinVisa(NYSE:V)is a winning company to confidently buy hand over fist. It's also another brand-name company thatcan still make its shareholders a fortune.\nBuying into the Visa growth story is a simple numbers game. Visa grows its revenue and profits when consumers and businesses are spending more. This happens when the U.S. and global economy are expanding. Although contractions and recessions are an inevitable part of the economic cycle, they tend to be short-lived. Meanwhile, periods of economic expansion are almost always measured in years. Buying into Visa during these short-lived crashes or corrections should allow long-term investors to be handsomely rewarded by this numbers game.\nThe other interesting thing about Visa is thatit's shunned becoming a lender. You'd think that Visa could generate big bucks from interest income and fees by lending during these long-lived periods of expansion. But lending would also expose Visa to the credit delinquencies that arise during recessions. Operating solely as a payment processor means not having to set aside cash to cover delinquencies. It's why Visa rebounds so much faster than most financial stocks following a recession.\nAmazon\nLastly (andwho couldn't see this coming?), investors should take any discount they can get during a crash on e-commerce behemothAmazon(NASDAQ:AMZN).\nAmazon's online marketplace has proved virtually unstoppable for well over a decade. An April 2021 report from eMarketer pegged the company's share of U.S. online sales at 40.4%. That more than quintuples its next-closest competitor and effectively solidifies Amazon as the go-to source for online shopping in the U.S.\nWhat about those pesky low retail margins, you ask? Amazon has signed up more than 200 million people globally to a Prime membership. The fees collected from Prime members help to offset some of the company's retail-based margin weakness. Prime members are extremely loyal to the Amazon ecosystem and spend far more than non-members, too.\nBut it's Amazon's cloud infrastructure segmentthat's the superstar. Amazon Web Services (AWS) brings in around one-eighth of the company's total sales but accounts for well over half its operating income. Since cloud margins are superior to retail and advertising margins, AWS is the company's key to explosive cash flow growth this decade.","news_type":1},"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}