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LeJundary

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2021-02-22

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2021-02-18

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2021-02-13

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BlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021

2021-02-12

Hdfn

Not Just Tesla: Why Big Companies are Buying into Crypto-Mania

2021-02-10

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Investors set for commodities ‘bull run’ as prices rise in tandem

2021-02-09

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2021-02-08

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The New Dawn In Cannabis Has Arrived

2021-02-06

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2021-02-05

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2021-02-03

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SpaceX Starship prototype rocket explodes on landing after test launch

2021-02-02

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Nio deliveries in January quadruple from a year ago, signaling a strong start to 2021

2021-01-29

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How GameStop’s surge recalls ghosts of past trading catastrophes

2021-01-27

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2021-01-26

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Get ready for Apple's first $100 billion quarter in history

2021-01-25

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2021-01-25

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2021-01-23

Wow this is dramatic

Apple Could Show Dramatic Fall In iPhone 12 Margins

2021-01-23

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05:21","market":"us","language":"en","title":"BlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2110200430","media":"Bloomberg","summary":"(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-tr","content":"<p>(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.</p>\n<p>The firm’s $30 billion <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020.</p>\n<p>These outflows stand in stark contrast with the overall U.S. ETF market, which has already taken in $113 billion in the first five weeks of the year -- more than the entire third quarter in 2020. But products following a low-volatility strategy have become the least-loved sector of the smart beta universe, after failing to protect against market swings last year.</p>\n<p>“Investors had been piling into those funds prior to the Corona crash, and when that came, those funds were down as much or more than the market and that turned some investors off,” said Nate Geraci, president of the ETF Store, an advisory firm.</p>\n<p>Overall, funds implementing the strategy -- in which investors overvalue volatile equities and undervalue stocks that fluctuate less -- have lost almost $5 billion this year, after facing $13.3 billion in outflows last year.</p>\n<p>There’s also the growing reflation trade, which has been spurred by ongoing vaccine rollouts, expectations of further federal fiscal aid and largely positive earnings reports -- all sending equities to all-time highs.</p>\n<p>“It’s just been a story where flows are going into those riskier segments of the market, higher beta versus pursuing low-vol strategies,” Geraci said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 05:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.\nThe firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/723792d40ba9c0afd8c2a721ec45ed24","relate_stocks":{"BLK":"贝莱德"},"source_url":"https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110200430","content_text":"(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.\nThe firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020.\nThese outflows stand in stark contrast with the overall U.S. ETF market, which has already taken in $113 billion in the first five weeks of the year -- more than the entire third quarter in 2020. But products following a low-volatility strategy have become the least-loved sector of the smart beta universe, after failing to protect against market swings last year.\n“Investors had been piling into those funds prior to the Corona crash, and when that came, those funds were down as much or more than the market and that turned some investors off,” said Nate Geraci, president of the ETF Store, an advisory firm.\nOverall, funds implementing the strategy -- in which investors overvalue volatile equities and undervalue stocks that fluctuate less -- have lost almost $5 billion this year, after facing $13.3 billion in outflows last year.\nThere’s also the growing reflation trade, which has been spurred by ongoing vaccine rollouts, expectations of further federal fiscal aid and largely positive earnings reports -- all sending equities to all-time highs.\n“It’s just been a story where flows are going into those riskier segments of the market, higher beta versus pursuing low-vol strategies,” Geraci said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386042417,"gmtCreate":1613120733039,"gmtModify":1704878567250,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Hdfn","listText":"Hdfn","text":"Hdfn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386042417","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://ttm.financial/m/news/1179092967?lang=&edition=fundamental","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381679930,"gmtCreate":1612966351620,"gmtModify":1704876633115,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/381679930","repostId":"1144142338","repostType":4,"repost":{"id":"1144142338","pubTimestamp":1612954004,"share":"https://ttm.financial/m/news/1144142338?lang=&edition=fundamental","pubTime":"2021-02-10 18:46","market":"us","language":"en","title":"Investors set for commodities ‘bull run’ as prices rise in tandem","url":"https://stock-news.laohu8.com/highlight/detail?id=1144142338","media":"Financial Times","summary":"Broad-based recent gains have not been seen in decades and spur talk of ‘supercycle’\nThe broad upswi","content":"<p>Broad-based recent gains have not been seen in decades and spur talk of ‘supercycle’</p>\n<p>The broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say.</p>\n<p>Wall Street banks are telling their clients to increase their exposure to raw materials, which are poised to benefit from a vaccine-driven global economic recovery, aided by fiscal stimulus. Some are even predicting a prolonger period of commodity-intensive growth that marks a repeat of the so-called “supercycle” of the 2000s — where oil and metal prices hit record highs as China’s rapid industrialisation caught the industry napping.</p>\n<p>“It’s easy — and largely accurate — to present the 2021 commodity outlook as a V-shaped vaccine trade,” said Goldman Sachs in a recent report. “What we think is key, however, is that this recovery in commodity prices will actually be the beginning of a much longer structural bull market for commodities.”</p>\n<p>Commodities, which have been out favour with investors for the best part of a decade, have enjoyed a strong run in recent months helped by demand from China, the world’s biggest buyer of natural resources. Soyabean prices are up more than 50 per cent over the past year, while copper has risen around 40 per cent. Oil, meanwhile, has rebounded to its highest since the early days of the coronavirus crisis. Brent, the international standard, hit $60 on Monday.</p>\n<p>The rally has been exceptionally wide-ranging. A basket of 27 commodity futures — from coffee to nickel — tracked by specialist asset manager SummerHaven showed that all had positive returns over the six months to mid-January, including any gains from rolling over futures contracts.</p>\n<p><img src=\"https://static.tigerbbs.com/d27002730a162c7e367ac38b6ffc4ae1\" tg-width=\"1400\" tg-height=\"1000\"></p>\n<p>“This is really unusual. We’ve looked back 50 years and we’ve never seen this basket of commodities all go up at once,” said managing partner Kurt Nelson.</p>\n<p>Still, some investors say the market is not ready to embark on a new supercycle just yet. “What we certainly do have at the moment is a cyclical recovery driven by restocking in Europe, the US and China and boosted by supply disruptions,” said George Cheveley, portfolio manager at asset management company Ninety One. He said a broader shift is “two to three years away”.</p>\n<p>SummerHaven’s Nelson says a key catalyst for the rally has been a concern that the unprecedented monetary and fiscal policies enacted during the crisis will feed inflation, encouraging fund managers to protect themselves by buying commonly used hedges such as oil and metals.</p>\n<p>Given that most commodities are priced in dollars, last year’s slide in the value of the greenback is also making them cheaper in other currencies, adding to demand.</p>\n<p>Eliot&nbsp;Geller, a partner at CoreCommodity Management, thinks this macroeconomic backdrop for commodities is stronger than at any time in the previous decade.</p>\n<p>&nbsp;“Since 2010, we have seen equity markets rally, a strong US dollar, interest rates trend lower and inflation expectations decline,” he said. “Today, we have the threat of rising inflation, a weaker dollar and interest rates that are already zero or negative.”</p>\n<p>Those predicting a new supercycle — often described as prolonged period of surging demand that outstrips supply — point to global recovery programmes that put greater emphasis on job creation and environmental sustainability than on inflation control.</p>\n<p>“The past decade has seen monetary policy, which was more supportive for financial assets, while current fiscal policy should be more supportive for real assets like commodities,” said Don Casturo, the founder of specialist asset manager Quantix Commodities.</p>\n<p>Commodity bulls also see a supply gap coming. Goldman reckons the energy transition has the potential to create $1tn-$2tn a year in infrastructure investment over the next decade as the world reduces its reliance on carbon. That should drive up demand for a variety of raw materials, including copper, which will be need to wire the solar panels and electric cars of the new economy.</p>\n<p><img src=\"https://static.tigerbbs.com/020a07ab14b3198018a17698d2bce3eb\" tg-width=\"1400\" tg-height=\"1000\"></p>\n<p>Years of low prices, meanwhile, have forced producers to curb spending on new projects and expansions, holding back supply. This is not only true of the oil industry, where investment had been slashed, but also mining.</p>\n<p>“There needs to be a price blowout to bring on the new supply,” said James Johnstone, co-head of emerging and frontier markets at&nbsp;RWC Partners, a London-based investment manager that has invested in a number of copper producers.</p>\n<p>Some doubt that this upswing in commodity prices can match the last.</p>\n<p>“Historically a supercycle happens every 30 to 40 years and we are just out of one. So this would be an exception,” said Norbert Rücker, head of economics at Swiss private bank Julius Baer. “And if you look at what triggered the last supercycle it was Chinese urbanisation and the immense spend of it. The energy transition won’t happen as quickly.”</p>\n<p>But others think the stage is set for a broad-based rally can well outlast the pandemic. “The set-up for commodities is really extraordinary. Not just for the next three to six months but for the next decade,” said SummerHaven’s Nelson.</p>","source":"lsy1580170736413","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Investors set for commodities ‘bull run’ as prices rise in tandem</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors set for commodities ‘bull run’ as prices rise in tandem\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 18:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Broad-based recent gains have not been seen in decades and spur talk of ‘supercycle’\nThe broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a...</p>\n\n<a href=\"https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.ft.com/content/27086ad8-bc84-4e2e-9195-91880fa6916f","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144142338","content_text":"Broad-based recent gains have not been seen in decades and spur talk of ‘supercycle’\nThe broad upswing in commodity prices since the depths of the coronavirus crisis represents just the first leg of a sector-wide “bull market” fanned by government spending, analysts and investors say.\nWall Street banks are telling their clients to increase their exposure to raw materials, which are poised to benefit from a vaccine-driven global economic recovery, aided by fiscal stimulus. Some are even predicting a prolonger period of commodity-intensive growth that marks a repeat of the so-called “supercycle” of the 2000s — where oil and metal prices hit record highs as China’s rapid industrialisation caught the industry napping.\n“It’s easy — and largely accurate — to present the 2021 commodity outlook as a V-shaped vaccine trade,” said Goldman Sachs in a recent report. “What we think is key, however, is that this recovery in commodity prices will actually be the beginning of a much longer structural bull market for commodities.”\nCommodities, which have been out favour with investors for the best part of a decade, have enjoyed a strong run in recent months helped by demand from China, the world’s biggest buyer of natural resources. Soyabean prices are up more than 50 per cent over the past year, while copper has risen around 40 per cent. Oil, meanwhile, has rebounded to its highest since the early days of the coronavirus crisis. Brent, the international standard, hit $60 on Monday.\nThe rally has been exceptionally wide-ranging. A basket of 27 commodity futures — from coffee to nickel — tracked by specialist asset manager SummerHaven showed that all had positive returns over the six months to mid-January, including any gains from rolling over futures contracts.\n\n“This is really unusual. We’ve looked back 50 years and we’ve never seen this basket of commodities all go up at once,” said managing partner Kurt Nelson.\nStill, some investors say the market is not ready to embark on a new supercycle just yet. “What we certainly do have at the moment is a cyclical recovery driven by restocking in Europe, the US and China and boosted by supply disruptions,” said George Cheveley, portfolio manager at asset management company Ninety One. He said a broader shift is “two to three years away”.\nSummerHaven’s Nelson says a key catalyst for the rally has been a concern that the unprecedented monetary and fiscal policies enacted during the crisis will feed inflation, encouraging fund managers to protect themselves by buying commonly used hedges such as oil and metals.\nGiven that most commodities are priced in dollars, last year’s slide in the value of the greenback is also making them cheaper in other currencies, adding to demand.\nEliot Geller, a partner at CoreCommodity Management, thinks this macroeconomic backdrop for commodities is stronger than at any time in the previous decade.\n “Since 2010, we have seen equity markets rally, a strong US dollar, interest rates trend lower and inflation expectations decline,” he said. “Today, we have the threat of rising inflation, a weaker dollar and interest rates that are already zero or negative.”\nThose predicting a new supercycle — often described as prolonged period of surging demand that outstrips supply — point to global recovery programmes that put greater emphasis on job creation and environmental sustainability than on inflation control.\n“The past decade has seen monetary policy, which was more supportive for financial assets, while current fiscal policy should be more supportive for real assets like commodities,” said Don Casturo, the founder of specialist asset manager Quantix Commodities.\nCommodity bulls also see a supply gap coming. Goldman reckons the energy transition has the potential to create $1tn-$2tn a year in infrastructure investment over the next decade as the world reduces its reliance on carbon. That should drive up demand for a variety of raw materials, including copper, which will be need to wire the solar panels and electric cars of the new economy.\n\nYears of low prices, meanwhile, have forced producers to curb spending on new projects and expansions, holding back supply. This is not only true of the oil industry, where investment had been slashed, but also mining.\n“There needs to be a price blowout to bring on the new supply,” said James Johnstone, co-head of emerging and frontier markets at RWC Partners, a London-based investment manager that has invested in a number of copper producers.\nSome doubt that this upswing in commodity prices can match the last.\n“Historically a supercycle happens every 30 to 40 years and we are just out of one. So this would be an exception,” said Norbert Rücker, head of economics at Swiss private bank Julius Baer. “And if you look at what triggered the last supercycle it was Chinese urbanisation and the immense spend of it. The energy transition won’t happen as quickly.”\nBut others think the stage is set for a broad-based rally can well outlast the pandemic. “The set-up for commodities is really extraordinary. Not just for the next three to six months but for the next decade,” said SummerHaven’s Nelson.","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383391754,"gmtCreate":1612835744078,"gmtModify":1704874788755,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Anazeballs","listText":"Anazeballs","text":"Anazeballs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/383391754","repostId":"1163750848","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389289778,"gmtCreate":1612777653694,"gmtModify":1704874046675,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389289778","repostId":"1108268363","repostType":4,"repost":{"id":"1108268363","pubTimestamp":1612773434,"share":"https://ttm.financial/m/news/1108268363?lang=&edition=fundamental","pubTime":"2021-02-08 16:37","market":"us","language":"en","title":"The New Dawn In Cannabis Has Arrived","url":"https://stock-news.laohu8.com/highlight/detail?id=1108268363","media":"seekingalpha","summary":"Summary\n\nAfter a two-year dark night, a new dawn is here for cannabis investors.\nCannabis companies ","content":"<p><b>Summary</b></p>\n<ul>\n <li>After a two-year dark night, a new dawn is here for cannabis investors.</li>\n <li>Cannabis companies have stronger fundamentals that will drive the sector higher over the next five years.</li>\n <li>Investors can now have more clarity about which companies have the greatest potential for growth.</li>\n</ul>\n<p>There's a new dawn in cannabis. A dark and very long night of dismal performance started on the very day that cannabis became legal in Canada (Date of legalization: Oct. 17, 2018. Peak price for Alternative Harvest ETF (MJ): Oct. 15, 2018). It extended two full years, finally ending in capitulation in October 2020. Over the last four months stock prices all over the industry have exploded upwards. This is clear in the chart below showing the five companies I have profiled on Seeking Alpha. Also included is the ETFMG Alternative Harvest ETF as a proxy for the sector.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e97063b87414e13c7722dd6212a14fe8\" tg-width=\"640\" tg-height=\"322\"><span>Source: Yahoo Finance</span></p>\n<p>Companies: AdvisorShares Pure US Cannabis ETF (MSOS) , Trulieve Cannabis (OTCQX:TCNNF), Ayr Strategies (OTCQX:AYRWF), MediPharm (OTCQX:MEDIF), Valens Company (OTCQX:VLNCF).</p>\n<p>In this article we will take an in-depth look at what happened, discuss the future, and see how to position ourselves for more success.</p>\n<p><b>What happened?</b></p>\n<p>Cannabis is following a cycle inevitable in emerging industries. After an initial period of slow development there is a period of increasing euphoria. When the euphoria becomes unsustainable the investing bubble bursts, as it did on Oct. 17, 2018. A lengthy decline follows as reality sets in and stock prices reflect that reality (Oct. 2018 to Oct. 2020). In the process good companies distinguish themselves and stock prices begin rising again on a more fundamentally sound basis as the industry potential begins to be fulfilled. This is where we are today. This cycle can be repeated a number of times.</p>\n<p>Fluctuations were more extreme in cannabis stock prices than other industries during this time. Again using the Alternative Harvest ETF MJ as a proxy for the cannabis sector, cannabis has had both bigger losses and bigger gains over the past two years:</p>\n<img src=\"https://static.tigerbbs.com/9d1aea063256e2ea420365b8db0c60ac\" tg-width=\"912\" tg-height=\"399\">\n<table>\n <tbody>\n  <tr></tr>\n </tbody>\n</table>\n<p>High levels of price change is known as high beta. It is characteristic of any emerging industry, and there are a number of reasons for it. In a small industry it takes much less money flow to change the direction of stock prices, and cannabis is small. In mid-2020 the capitalization of the entire public cannabis sector was about the same as an average S&amp;P500 company.</p>\n<p>In addition, there is much more uncertainty in an emerging industry than in established ones. The performance of a company like 3M (MMM) is far more predictable than a Tilray (TLRY) or Green Thumb (OTCQX:GTBIF). Cannabis will be an emerging industry for years to come, and high beta can be expected to continue.</p>\n<p>During cannabis investors' wild ride some important things did not change. The portion of the population that favors greater access continued to increase.Currently 68% of Americans favor more access. Legalization has continued to expand. New Jersey, South Dakota and Arizona approved recreational this past November, making recreational legal in 15 states and medicinal legal in 37 states. Most importantly, the projections of very strong industry growth did not change even in the darkest days of the last two years, and&nbsp;sales growth has continued unabated.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/79f6032429fef1825eae70d839152a44\" tg-width=\"640\" tg-height=\"403\"><span>Source: New Frontier Data</span></p>\n<p><b>Where are we now?</b></p>\n<p>As of 2/2/2021 cannabis is in a blistering bull market. The table below summarizes how the five companies I have profiled on Seeking Alpha have done since my recommendation:</p>\n<p><img src=\"https://static.tigerbbs.com/20765b95145742c02aa8573f7699b1d9\" tg-width=\"919\" tg-height=\"700\"></p>\n<p>These recommendations helped put me in the top 10% of investment bloggers on tipranks.com (765 out of 7886).</p>\n<p><b>Where are we headed?</b></p>\n<p>In the long term, the outlook for the industry is undeniably bullish. Canada is still below expectations, but even theresales are still doubling year over year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a394820ee4510af6b43e81bb9b00e269\" tg-width=\"640\" tg-height=\"448\"><span>Source: Marijuana Business Daily</span></p>\n<p>The US market will continue to grow quickly&nbsp;as more states legalize and operations in many newly legal states ramp up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b99fedfee384893f82294a7f19050c6c\" tg-width=\"640\" tg-height=\"401\"><span>Source: Statista.com</span></p>\n<p>Growth will continue expanding in the rest of the world, although countries vary widely in their acceptance of cannabis. Some countries, like Australia, Germany, Peru, and Mexico are in the process of expanding access. Others, such as the United Kingdom, are moving slowly or not at all.</p>\n<p>There will be setbacks along the way. Oppressive regulations and taxes are a constant challenge. In some states, notably California, burdensome legislation and taxes have been a significant drag on the industry. Investors must take a close look at how newly legal states will address these issues. In New Jersey, for example, legalization has been slowed as legislators compete for their pet regulations and tax schemes.</p>\n<p>On the other hand, any positive regulatory developments will give a substantial boost to cannabis stocks. One likely positive is the coming passage of the Safe Banking Act, which passed the US House in September 2019 by a lopsided 322-103 vote before being derailed by COVID-19 in the Senate.</p>\n<p>The biggest risks are restrictions based on health concerns. Research on the positive and negative effects of cannabis is being quickly ramped up but existing research is very limited. Many jurisdictions around the world are moving slowly on access out of fear of legalizing something that later may reveal serious adverse effects on physical or mental health. The FDA is moving much more slowly than cannabis advocates anticipated, which has already hurt a CBD industry that did not expect the lengthy delay in regulation last year. The bias toward caution was exacerbated by the vaping controversy in 2020.</p>\n<p>There is also risk related to a general stock market decline. Cannabis stocks generally follow the direction of the market and experience greater movement than the general market. A prolonged market decline would mean significant losses for cannabis shares.</p>\n<p><b>What can investors do now?</b></p>\n<p>The actions an investor takes now depends partly on his or her time horizon. It also depends on how fully invested he or she is. Since my first SA cannabis article in September 2019 (Cannabis Investing: Maximize Your Chance For Success) I have stressed that cannabis investing is a long-term project. The important drivers of the industry are unremittingly bullish. Looking out five years the industry sales will be around 100% bigger, and stock prices as a whole should reflect that.</p>\n<p>Currently North America has about a 50% share of the global market. It will continue to be the largest market for years to come, but it is a dynamic one with great growth ahead. By focusing on companies with mostly or all North American business, investors can avoid the uncertainty and extra complexity inherent in foreign operations.</p>\n<p>At this point it is becoming more clear which companies will be successful and which may not. The market is signaling this information via stock prices. Prices are a more reliable indicator of success now that companies have a track record and there are more investment professionals with eyes on the sector, but as we learned over the past two years stock prices can be a faulty signal. InMessage From Cannabis: It's Going To Be A Longer, Harder Trek(December 2019) I identified four parameters that were important to cannabis companies' prospects at that time:</p>\n<ul>\n <li><p>Regulation: How much does regulation in the areas where a company operates help or hinder the business.</p></li>\n <li><p>Taxes: How much of a burden are taxes in areas where a company operates.</p></li>\n <li><p>Capital: How easy is it to access capital, whether to support continuing operations or expand.</p></li>\n <li><p>Management: Does management possess the skills required to build a successful company in an emerging industry?</p></li>\n</ul>\n<p>These four parameters are still important, but as the industry enters a new growth stage two are becoming dominant: capital and management.</p>\n<p><b>Capital:</b>Much capital will be needed for companies to grow in coming years. Those that can get it will be able to build on their success, and those that can't will be left behind. There are also companies, such as Harvest Health &amp; Recreation (OTCQX:HRVSF), that can access capital but are in a weakened state because of too much past borrowing. The amount of capital they can raise through debt will be limited, and interest costs will be a drag on performance. In addition, companies that are over-reliant on share issuance for capital, such as Aurora (ACB), have the amount they can raise limited because of low share prices, and the dilution means building shareholder value will be difficult.</p>\n<p><b>Management</b>: It is difficult to determine management quality in the initial stages of an emerging industry, when the ability to raise money and engage investor enthusiasm are the main requirements. This is a very different skill set than what is required to develop and run a successful business. Fortunately, we have moved beyond that first stage, and the most skilled leaders are becoming visible through their financial results. This is being reflected in stock prices, which can now reflect performance (at least in part) rather than hype. If the last two years have taught us anything, it's that superior management is crucial to success for companies and investors.</p>\n<p>The long and the short of it</p>\n<p>Long-term investors (timeline greater than one year) can be guided by theprojections of 18% compound growthof the industry over the next five years. This is not to say that there won't be big swings in prices, that is almost guaranteed in a high beta emerging industry. Those who are fully invested can categorize most positions as a hold. Market timing is not a consideration for long-term investing and the current bull leg may continue to run or a price correction may begin tomorrow.</p>\n<p>Prices could decline 50%, but the long-term trend is strongly up, and the recent market has been so strong even a 50% retracement would leave some positions in the black. For example, if Trulieve falls from $42 to $21 that is still 100% above the 10 price a year ago.</p>\n<p>Investors who are not fully invested have a couple of good options. The first is a cannabis ETF, which is the low risk way to participate in industry growth. Newer ETFs have an interesting advantage over older ones because they can select companies with proven performance and can concentrate on geographies or business niches that are proving to have the most profit potential. AdvisorShares Pure Cannabis ETF (YOLO) is in the first category, and AdvisorShares Pure US Cannabis ETF (MSOS) is in the second.</p>\n<p>Moreover, these actively managed ETFs have more flexibility than passively managed ones like ETFMG Alternative Harvest ETF and Horizons Marijuana Life Sciences Index ETF (OTCPK:HMLSF). Investors who prefer individual names can choose from many of the companies who are having operational success, such as Trulieve, Green Thumb (OTCQX:GTBIF), and Innovative Industrial Properties (IIPR), or whose price action is indicating confidence by the investing community, such as Ayr Strategies, GrowGeneration (GRWG), or Cresco Labs (OTCQX:CRLBF). Given the uncertainty of prices in the short term, positions should be scaled up in several increments.</p>\n<p>The guidelines above are also useful for shorter-term horizons (timeline less than one year). ETFs are the low risk play. Considering the rapid recent price increases across the industry, new positions in ETFs or individual names should be established in increments. As sure as night follows day there will be big corrections in cannabis, particularly if one occurs in the broader stock market.</p>\n<p>Short-term investors need to look seriously at their financial and psychological tolerance for a significant decline in their cannabis portfolio, and should not be putting money in that they need back in a year or less. Considering the amount of attention the industry is now receiving, there are no undiscovered gems. If a company has not participated in the recent runup it's a sign about their prospects that should not be ignored.</p>\n<p><i>Special Note on ETFs: Takeovers can have a very positive effect on ETFs. On February 3 Jazz Pharmaceuticals (JAZZ) agreed to acquire GW Pharmaceuticals (GWPH) at a 50% premium. GWPH was the second largest holding in the YOLO ETF. The increase in value of those GWPH shares caused an immediate $3/share increase in the YOLO net asset value, and YOLO shares rose 8.4% that day.</i></p>\n<p>There are certain types of companies that both short and long-term investors can now turn away from.<b>Companies at less than $1.00 a share:</b>The probability of finding an undiscovered gem at this point is low. As discussed above, the money and attention flowing into the sector over the last four months has driven prices up for most if not all companies that have potential for durable success. Certainly investing in any company with share prices under $1.00 at this point is pure speculation.<b>Companies that are undergoing major restructuring/reorganization/change in strategy:</b>These changes usually occur when the current strategy is not working. While it may be necessary, it often indicates subpar management performance. It also establishes new sources of risk and uncertainty. With the current strength and opportunities in the industry today, it is simply not necessary to put money in a company with these negatives. Canopy Growth (CGC) is one example. Canopy may end up being very successful, but given the turmoil it has experienced over two years there are numerous companies offering similar potential rewards for less risk.</p>\n<p><b>Summing up</b></p>\n<p>Cannabis investors are in a good place. The initial irrational exuberance and capitulation are history, and we are now in a strong, uptrending market. Industry fundamentals are very bullish, as they have been during the last two years of market turmoil. Virtually every trend is pushing the industry forward. Potential pitfalls such as undiscovered health issues and a general market decline must be acknowledged, but they are currently in the background</p>\n<p>Fortunately, it is becoming clearer which companies will be successful, and long-term investors can have more confidence that their choices will pay off. The recent runup in prices, on the order of 300% or more in some companies, makes decisions for the shorter term more problematic, which is why investing in increments is recommended.</p>\n<p>As the number of ETFs rises there are more opportunities for investors who prefer this lower risk and lower maintenance approach. It is an exciting time to be involved in the still-emerging cannabis industry.</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>The New Dawn In Cannabis Has Arrived</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 New Dawn In Cannabis Has Arrived\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 16:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4404216-new-dawn-in-cannabis-arrived><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAfter a two-year dark night, a new dawn is here for cannabis investors.\nCannabis companies have stronger fundamentals that will drive the sector higher over the next five years.\nInvestors can...</p>\n\n<a href=\"https://seekingalpha.com/article/4404216-new-dawn-in-cannabis-arrived\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACB":"奥罗拉大麻公司","TLRY":"Tilray Inc.","MJ":"Amplify Alternative Harvest ETF","AYRWF":"AYR WELLNESS INC.","APHA":"Aphria Inc.","MSOS":"AdvisorShares Pure US Cannabis ETF","CGC":"Canopy Growth Corporation","CRON":"Cronos Group Inc.","SNDL":"SNDL Inc.","VLNCF":"The Valens Company Inc.","TCNNF":"Trulieve Cannabis Corporation","MEDIF":"Medipharm Labs Corporation"},"source_url":"https://seekingalpha.com/article/4404216-new-dawn-in-cannabis-arrived","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1108268363","content_text":"Summary\n\nAfter a two-year dark night, a new dawn is here for cannabis investors.\nCannabis companies have stronger fundamentals that will drive the sector higher over the next five years.\nInvestors can now have more clarity about which companies have the greatest potential for growth.\n\nThere's a new dawn in cannabis. A dark and very long night of dismal performance started on the very day that cannabis became legal in Canada (Date of legalization: Oct. 17, 2018. Peak price for Alternative Harvest ETF (MJ): Oct. 15, 2018). It extended two full years, finally ending in capitulation in October 2020. Over the last four months stock prices all over the industry have exploded upwards. This is clear in the chart below showing the five companies I have profiled on Seeking Alpha. Also included is the ETFMG Alternative Harvest ETF as a proxy for the sector.\nSource: Yahoo Finance\nCompanies: AdvisorShares Pure US Cannabis ETF (MSOS) , Trulieve Cannabis (OTCQX:TCNNF), Ayr Strategies (OTCQX:AYRWF), MediPharm (OTCQX:MEDIF), Valens Company (OTCQX:VLNCF).\nIn this article we will take an in-depth look at what happened, discuss the future, and see how to position ourselves for more success.\nWhat happened?\nCannabis is following a cycle inevitable in emerging industries. After an initial period of slow development there is a period of increasing euphoria. When the euphoria becomes unsustainable the investing bubble bursts, as it did on Oct. 17, 2018. A lengthy decline follows as reality sets in and stock prices reflect that reality (Oct. 2018 to Oct. 2020). In the process good companies distinguish themselves and stock prices begin rising again on a more fundamentally sound basis as the industry potential begins to be fulfilled. This is where we are today. This cycle can be repeated a number of times.\nFluctuations were more extreme in cannabis stock prices than other industries during this time. Again using the Alternative Harvest ETF MJ as a proxy for the cannabis sector, cannabis has had both bigger losses and bigger gains over the past two years:\n\n\n\n\n\n\nHigh levels of price change is known as high beta. It is characteristic of any emerging industry, and there are a number of reasons for it. In a small industry it takes much less money flow to change the direction of stock prices, and cannabis is small. In mid-2020 the capitalization of the entire public cannabis sector was about the same as an average S&P500 company.\nIn addition, there is much more uncertainty in an emerging industry than in established ones. The performance of a company like 3M (MMM) is far more predictable than a Tilray (TLRY) or Green Thumb (OTCQX:GTBIF). Cannabis will be an emerging industry for years to come, and high beta can be expected to continue.\nDuring cannabis investors' wild ride some important things did not change. The portion of the population that favors greater access continued to increase.Currently 68% of Americans favor more access. Legalization has continued to expand. New Jersey, South Dakota and Arizona approved recreational this past November, making recreational legal in 15 states and medicinal legal in 37 states. Most importantly, the projections of very strong industry growth did not change even in the darkest days of the last two years, and sales growth has continued unabated.\nSource: New Frontier Data\nWhere are we now?\nAs of 2/2/2021 cannabis is in a blistering bull market. The table below summarizes how the five companies I have profiled on Seeking Alpha have done since my recommendation:\n\nThese recommendations helped put me in the top 10% of investment bloggers on tipranks.com (765 out of 7886).\nWhere are we headed?\nIn the long term, the outlook for the industry is undeniably bullish. Canada is still below expectations, but even theresales are still doubling year over year.\nSource: Marijuana Business Daily\nThe US market will continue to grow quickly as more states legalize and operations in many newly legal states ramp up.\nSource: Statista.com\nGrowth will continue expanding in the rest of the world, although countries vary widely in their acceptance of cannabis. Some countries, like Australia, Germany, Peru, and Mexico are in the process of expanding access. Others, such as the United Kingdom, are moving slowly or not at all.\nThere will be setbacks along the way. Oppressive regulations and taxes are a constant challenge. In some states, notably California, burdensome legislation and taxes have been a significant drag on the industry. Investors must take a close look at how newly legal states will address these issues. In New Jersey, for example, legalization has been slowed as legislators compete for their pet regulations and tax schemes.\nOn the other hand, any positive regulatory developments will give a substantial boost to cannabis stocks. One likely positive is the coming passage of the Safe Banking Act, which passed the US House in September 2019 by a lopsided 322-103 vote before being derailed by COVID-19 in the Senate.\nThe biggest risks are restrictions based on health concerns. Research on the positive and negative effects of cannabis is being quickly ramped up but existing research is very limited. Many jurisdictions around the world are moving slowly on access out of fear of legalizing something that later may reveal serious adverse effects on physical or mental health. The FDA is moving much more slowly than cannabis advocates anticipated, which has already hurt a CBD industry that did not expect the lengthy delay in regulation last year. The bias toward caution was exacerbated by the vaping controversy in 2020.\nThere is also risk related to a general stock market decline. Cannabis stocks generally follow the direction of the market and experience greater movement than the general market. A prolonged market decline would mean significant losses for cannabis shares.\nWhat can investors do now?\nThe actions an investor takes now depends partly on his or her time horizon. It also depends on how fully invested he or she is. Since my first SA cannabis article in September 2019 (Cannabis Investing: Maximize Your Chance For Success) I have stressed that cannabis investing is a long-term project. The important drivers of the industry are unremittingly bullish. Looking out five years the industry sales will be around 100% bigger, and stock prices as a whole should reflect that.\nCurrently North America has about a 50% share of the global market. It will continue to be the largest market for years to come, but it is a dynamic one with great growth ahead. By focusing on companies with mostly or all North American business, investors can avoid the uncertainty and extra complexity inherent in foreign operations.\nAt this point it is becoming more clear which companies will be successful and which may not. The market is signaling this information via stock prices. Prices are a more reliable indicator of success now that companies have a track record and there are more investment professionals with eyes on the sector, but as we learned over the past two years stock prices can be a faulty signal. InMessage From Cannabis: It's Going To Be A Longer, Harder Trek(December 2019) I identified four parameters that were important to cannabis companies' prospects at that time:\n\nRegulation: How much does regulation in the areas where a company operates help or hinder the business.\nTaxes: How much of a burden are taxes in areas where a company operates.\nCapital: How easy is it to access capital, whether to support continuing operations or expand.\nManagement: Does management possess the skills required to build a successful company in an emerging industry?\n\nThese four parameters are still important, but as the industry enters a new growth stage two are becoming dominant: capital and management.\nCapital:Much capital will be needed for companies to grow in coming years. Those that can get it will be able to build on their success, and those that can't will be left behind. There are also companies, such as Harvest Health & Recreation (OTCQX:HRVSF), that can access capital but are in a weakened state because of too much past borrowing. The amount of capital they can raise through debt will be limited, and interest costs will be a drag on performance. In addition, companies that are over-reliant on share issuance for capital, such as Aurora (ACB), have the amount they can raise limited because of low share prices, and the dilution means building shareholder value will be difficult.\nManagement: It is difficult to determine management quality in the initial stages of an emerging industry, when the ability to raise money and engage investor enthusiasm are the main requirements. This is a very different skill set than what is required to develop and run a successful business. Fortunately, we have moved beyond that first stage, and the most skilled leaders are becoming visible through their financial results. This is being reflected in stock prices, which can now reflect performance (at least in part) rather than hype. If the last two years have taught us anything, it's that superior management is crucial to success for companies and investors.\nThe long and the short of it\nLong-term investors (timeline greater than one year) can be guided by theprojections of 18% compound growthof the industry over the next five years. This is not to say that there won't be big swings in prices, that is almost guaranteed in a high beta emerging industry. Those who are fully invested can categorize most positions as a hold. Market timing is not a consideration for long-term investing and the current bull leg may continue to run or a price correction may begin tomorrow.\nPrices could decline 50%, but the long-term trend is strongly up, and the recent market has been so strong even a 50% retracement would leave some positions in the black. For example, if Trulieve falls from $42 to $21 that is still 100% above the 10 price a year ago.\nInvestors who are not fully invested have a couple of good options. The first is a cannabis ETF, which is the low risk way to participate in industry growth. Newer ETFs have an interesting advantage over older ones because they can select companies with proven performance and can concentrate on geographies or business niches that are proving to have the most profit potential. AdvisorShares Pure Cannabis ETF (YOLO) is in the first category, and AdvisorShares Pure US Cannabis ETF (MSOS) is in the second.\nMoreover, these actively managed ETFs have more flexibility than passively managed ones like ETFMG Alternative Harvest ETF and Horizons Marijuana Life Sciences Index ETF (OTCPK:HMLSF). Investors who prefer individual names can choose from many of the companies who are having operational success, such as Trulieve, Green Thumb (OTCQX:GTBIF), and Innovative Industrial Properties (IIPR), or whose price action is indicating confidence by the investing community, such as Ayr Strategies, GrowGeneration (GRWG), or Cresco Labs (OTCQX:CRLBF). Given the uncertainty of prices in the short term, positions should be scaled up in several increments.\nThe guidelines above are also useful for shorter-term horizons (timeline less than one year). ETFs are the low risk play. Considering the rapid recent price increases across the industry, new positions in ETFs or individual names should be established in increments. As sure as night follows day there will be big corrections in cannabis, particularly if one occurs in the broader stock market.\nShort-term investors need to look seriously at their financial and psychological tolerance for a significant decline in their cannabis portfolio, and should not be putting money in that they need back in a year or less. Considering the amount of attention the industry is now receiving, there are no undiscovered gems. If a company has not participated in the recent runup it's a sign about their prospects that should not be ignored.\nSpecial Note on ETFs: Takeovers can have a very positive effect on ETFs. On February 3 Jazz Pharmaceuticals (JAZZ) agreed to acquire GW Pharmaceuticals (GWPH) at a 50% premium. GWPH was the second largest holding in the YOLO ETF. The increase in value of those GWPH shares caused an immediate $3/share increase in the YOLO net asset value, and YOLO shares rose 8.4% that day.\nThere are certain types of companies that both short and long-term investors can now turn away from.Companies at less than $1.00 a share:The probability of finding an undiscovered gem at this point is low. As discussed above, the money and attention flowing into the sector over the last four months has driven prices up for most if not all companies that have potential for durable success. Certainly investing in any company with share prices under $1.00 at this point is pure speculation.Companies that are undergoing major restructuring/reorganization/change in strategy:These changes usually occur when the current strategy is not working. While it may be necessary, it often indicates subpar management performance. It also establishes new sources of risk and uncertainty. With the current strength and opportunities in the industry today, it is simply not necessary to put money in a company with these negatives. Canopy Growth (CGC) is one example. Canopy may end up being very successful, but given the turmoil it has experienced over two years there are numerous companies offering similar potential rewards for less risk.\nSumming up\nCannabis investors are in a good place. The initial irrational exuberance and capitulation are history, and we are now in a strong, uptrending market. Industry fundamentals are very bullish, as they have been during the last two years of market turmoil. Virtually every trend is pushing the industry forward. Potential pitfalls such as undiscovered health issues and a general market decline must be acknowledged, but they are currently in the background\nFortunately, it is becoming clearer which companies will be successful, and long-term investors can have more confidence that their choices will pay off. The recent runup in prices, on the order of 300% or more in some companies, makes decisions for the shorter term more problematic, which is why investing in increments is recommended.\nAs the number of ETFs rises there are more opportunities for investors who prefer this lower risk and lower maintenance approach. It is an exciting time to be involved in the still-emerging cannabis industry.","news_type":1},"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380447366,"gmtCreate":1612580940955,"gmtModify":1704873050832,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380447366","repostId":"1152247545","repostType":4,"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317748685,"gmtCreate":1612488881247,"gmtModify":1704871859715,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"D","listText":"D","text":"D","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317748685","repostId":"2108716497","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314179184,"gmtCreate":1612325301248,"gmtModify":1704869748009,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314179184","repostId":"2108734055","repostType":4,"repost":{"id":"2108734055","pubTimestamp":1612323725,"share":"https://ttm.financial/m/news/2108734055?lang=&edition=fundamental","pubTime":"2021-02-03 11:42","market":"us","language":"en","title":"SpaceX Starship prototype rocket explodes on landing after test launch","url":"https://stock-news.laohu8.com/highlight/detail?id=2108734055","media":"reuters ","summary":"(Reuters) - A prototype of SpaceX’s Starship rocket exploded during a landing attempt minutes after ","content":"<p>(Reuters) - A prototype of SpaceX’s Starship rocket exploded during a landing attempt minutes after a high-altitude experimental launch from Boca Chica, Texas, on Tuesday, in a repeat of an accident that destroyed a previous test rocket.</p>\n<p>The Starship SN9 that blew up on its final descent, like the SN8 before it, was a test model of the heavy-lift rocket being developed by billionaire entrepreneur Elon Musk’s private space company to carry humans and 100 tons of cargo on future missions to the moon and Mars.</p>\n<p>The self-guided, 16-story-tall rocket initially soared into the clear, blue South Texas sky from its Gulf Coast launch pad on what appeared from SpaceX’s livestream coverage to be a flawless liftoff.</p>\n<p>Reaching its peak altitude of about 10 km (6 miles), the spacecraft then hovered momentarily in midair, shut off its engines and executed a planned “belly-flop” maneuver to descend nose-down under aerodynamic control back toward Earth.</p>\n<p>The trouble came when the Starship, after flipping its nose upward again to begin its landing sequence, tried to reactivate two of its three Raptor thrusters, but one failed to ignite. The rocket then fell rapidly to the ground, exploding in a roaring ball of flames, smoke and debris - 6 minutes and 26 seconds after launch.</p>\n<p>The Starship SN8, the first prototype to fly in a high-altitude test launch, met a similar fate in December. No injuries occurred in either incident.</p>\n<p>A SpaceX commentator for Tuesday’s launch webcast said the rocket’s flight to its test altitude, along with most of its subsonic re-entry, “looked very good and stable, like we saw last December.”</p>\n<p>“We just have to work on that landing a little bit,” the commentator said, adding, “This is a test flight, the second time we’ve flown Starship in this configuration.”</p>\n<p>There was no immediate comment from Musk, who also heads the electric carmaker Tesla Inc. Hours earlier, Musk said on Twitter he planned to stay off the social media platform “for a while.”</p>\n<p>The Federal Aviation Administration (FAA) said it would oversee an investigation of Tuesday’s landing mishap, as it did following the previous explosion - an inquiry that revealed tensions between Musk and the agency.</p>\n<p>SpaceX conducted December’s launch “without demonstrating” that public safety risks posed by “far-field blast overpressure” met the terms of its regulatory permit, according to the FAA. But the agency said “corrective actions” the company later took were approved by the FAA and incorporated into Tuesday’s launch.</p>\n<p>“We anticipate taking no further enforcement action on the SN8 matter,” the agency’s statement said.</p>\n<p>Last week, Musk tweeted that the FAA’s “space division has a fundamentally broken regulatory structure” and that “humanity will never get to Mars” under its rules.</p>\n<p>The complete Starship rocket, which will stand 394-feet (120 meters) tall when mated with its super-heavy first-stage booster, is the company’s next-generation fully reusable launch vehicle - the center of Musk’s ambitions to make human space travel more affordable and routine.</p>\n<p>A first orbital Starship flight is planned for year’s end. Musk has said he intends to fly Japanese billionaire Yusaku Maezawa around the moon with the Starship in 2023.</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>SpaceX Starship prototype rocket explodes on landing after test launch</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\">\nSpaceX Starship prototype rocket explodes on landing after test launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-03 11:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/us-space-exploration-starship/spacex-starship-prototype-rocket-explodes-on-landing-after-test-launch-idUSKBN2A22SX?il=0><strong>reuters </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - A prototype of SpaceX’s Starship rocket exploded during a landing attempt minutes after a high-altitude experimental launch from Boca Chica, Texas, on Tuesday, in a repeat of an accident ...</p>\n\n<a href=\"https://www.reuters.com/article/us-space-exploration-starship/spacex-starship-prototype-rocket-explodes-on-landing-after-test-launch-idUSKBN2A22SX?il=0\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.reuters.com/article/us-space-exploration-starship/spacex-starship-prototype-rocket-explodes-on-landing-after-test-launch-idUSKBN2A22SX?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2108734055","content_text":"(Reuters) - A prototype of SpaceX’s Starship rocket exploded during a landing attempt minutes after a high-altitude experimental launch from Boca Chica, Texas, on Tuesday, in a repeat of an accident that destroyed a previous test rocket.\nThe Starship SN9 that blew up on its final descent, like the SN8 before it, was a test model of the heavy-lift rocket being developed by billionaire entrepreneur Elon Musk’s private space company to carry humans and 100 tons of cargo on future missions to the moon and Mars.\nThe self-guided, 16-story-tall rocket initially soared into the clear, blue South Texas sky from its Gulf Coast launch pad on what appeared from SpaceX’s livestream coverage to be a flawless liftoff.\nReaching its peak altitude of about 10 km (6 miles), the spacecraft then hovered momentarily in midair, shut off its engines and executed a planned “belly-flop” maneuver to descend nose-down under aerodynamic control back toward Earth.\nThe trouble came when the Starship, after flipping its nose upward again to begin its landing sequence, tried to reactivate two of its three Raptor thrusters, but one failed to ignite. The rocket then fell rapidly to the ground, exploding in a roaring ball of flames, smoke and debris - 6 minutes and 26 seconds after launch.\nThe Starship SN8, the first prototype to fly in a high-altitude test launch, met a similar fate in December. No injuries occurred in either incident.\nA SpaceX commentator for Tuesday’s launch webcast said the rocket’s flight to its test altitude, along with most of its subsonic re-entry, “looked very good and stable, like we saw last December.”\n“We just have to work on that landing a little bit,” the commentator said, adding, “This is a test flight, the second time we’ve flown Starship in this configuration.”\nThere was no immediate comment from Musk, who also heads the electric carmaker Tesla Inc. Hours earlier, Musk said on Twitter he planned to stay off the social media platform “for a while.”\nThe Federal Aviation Administration (FAA) said it would oversee an investigation of Tuesday’s landing mishap, as it did following the previous explosion - an inquiry that revealed tensions between Musk and the agency.\nSpaceX conducted December’s launch “without demonstrating” that public safety risks posed by “far-field blast overpressure” met the terms of its regulatory permit, according to the FAA. But the agency said “corrective actions” the company later took were approved by the FAA and incorporated into Tuesday’s launch.\n“We anticipate taking no further enforcement action on the SN8 matter,” the agency’s statement said.\nLast week, Musk tweeted that the FAA’s “space division has a fundamentally broken regulatory structure” and that “humanity will never get to Mars” under its rules.\nThe complete Starship rocket, which will stand 394-feet (120 meters) tall when mated with its super-heavy first-stage booster, is the company’s next-generation fully reusable launch vehicle - the center of Musk’s ambitions to make human space travel more affordable and routine.\nA first orbital Starship flight is planned for year’s end. Musk has said he intends to fly Japanese billionaire Yusaku Maezawa around the moon with the Starship in 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315629990,"gmtCreate":1612245903010,"gmtModify":1704868656155,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/315629990","repostId":"1122228237","repostType":4,"repost":{"id":"1122228237","pubTimestamp":1612244006,"share":"https://ttm.financial/m/news/1122228237?lang=&edition=fundamental","pubTime":"2021-02-02 13:33","market":"us","language":"en","title":"Nio deliveries in January quadruple from a year ago, signaling a strong start to 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=1122228237","media":"cnbc","summary":"Chinese electric carmaker Nio said it delivered 7,225 vehicles in January, more than four times the number of cars delivered during the same month last year.BEIJING — Chinese electric car start-upNiois off to a solid start for the year, even if it has a long way to go to catch up with market leaderTesla.The company said Monday it delivered 7,225 vehicles in January, more than four times the 1,598 cars delivered during the same month last year.It’s taken Nio about six years to reach this point, w","content":"<div>\n<p>KEY POINTS\n\nChinese electric carmaker Nio said it delivered 7,225 vehicles in January, more than four times the number of cars delivered during the same month last year.\nIts rival Xpeng said it ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/02/nio-deliveries-in-january-quadruple-from-a-year-ago-signaling-a-strong-start-to-2021.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>Nio deliveries in January quadruple from a year ago, signaling a strong start to 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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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\">\nNio deliveries in January quadruple from a year ago, signaling a strong start to 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-02 13:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/02/nio-deliveries-in-january-quadruple-from-a-year-ago-signaling-a-strong-start-to-2021.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nChinese electric carmaker Nio said it delivered 7,225 vehicles in January, more than four times the number of cars delivered during the same month last year.\nIts rival Xpeng said it ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/02/nio-deliveries-in-january-quadruple-from-a-year-ago-signaling-a-strong-start-to-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0090cc485ea4ba6d267489389e83608b","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.cnbc.com/2021/02/02/nio-deliveries-in-january-quadruple-from-a-year-ago-signaling-a-strong-start-to-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1122228237","content_text":"KEY POINTS\n\nChinese electric carmaker Nio said it delivered 7,225 vehicles in January, more than four times the number of cars delivered during the same month last year.\nIts rival Xpeng said it delivered 6,015 electric cars in January, a third-straight record month of deliveries.\n\nBEIJING — Chinese electric car start-upNiois off to a solid start for the year, even if it has a long way to go to catch up with market leaderTesla.\nThe company said Monday it delivered 7,225 vehicles in January, more than four times the 1,598 cars delivered during the same month last year.\nLast month’s figures also mark Nio’s sixth-straight month of record high deliveries, bringing the start-up’s cumulative deliveries to 82,866.\nIt’s taken Nio about six years to reach this point, while Tesla delivered 180,570 cars in the last three months of 2020 alone.\nNio’s New York-listed shares have climbed 17% for the year so far, just shy of Tesla’s 19% gain. Both stocks are outperforming the S&P 500′s roughly half-percent rise.\nShares ofXpeng, another U.S.-listed Chinese electric car company, are up 15% for the year so far.\nXpeng said Monday it delivered 6,015 electric cars in January, a third-straight record month of deliveries. The company’s P7 sedan accounted for more than half of last month’s deliveries for a total of 18,772 since its mass rollout began in late June.","news_type":1},"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318429338,"gmtCreate":1611885283424,"gmtModify":1704865221282,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":";;(","listText":";;(","text":";;(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/318429338","repostId":"1107630048","repostType":4,"repost":{"id":"1107630048","pubTimestamp":1611817916,"share":"https://ttm.financial/m/news/1107630048?lang=&edition=fundamental","pubTime":"2021-01-28 15:11","market":"us","language":"en","title":"How GameStop’s surge recalls ghosts of past trading catastrophes","url":"https://stock-news.laohu8.com/highlight/detail?id=1107630048","media":"Market Wacth","summary":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-p","content":"<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.</p>\n<p>Richard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.</p>\n<p>At some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.</p>\n<p>The obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”</p>\n<p>In this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.</p>\n<p>GameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.</p>\n<p><b>Read:</b>It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher</p>\n<p>There’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.</p>\n<p>The surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.</p>\n<p><b>See:</b>How an options-trading frenzy is lifting stocks and stirring fears of a market bubble</p>\n<p>One such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.</p>\n<p>Also, Andrew Left of short seller Citron Research,&nbsp;in a video posted to YouTube&nbsp;on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.</p>\n<p>The GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.</p>\n<p>In a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.</p>\n<p>In the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.<img src=\"https://static.tigerbbs.com/8c3afe592d1898cadbc7abc815eecbf9\" tg-width=\"501\" tg-height=\"434\">Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.</p>\n<p>“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.</p>","source":"lsy1604288433698","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>How GameStop’s surge recalls ghosts of past trading catastrophes</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\">\nHow GameStop’s surge recalls ghosts of past trading catastrophes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 15:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page><strong>Market Wacth</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see ...</p>\n\n<a href=\"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/how-gamestops-surge-recalls-ghosts-of-past-trading-catastrophes-11611790728?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107630048","content_text":"Champions of GameStop’s jaw-dropping stock surge portray it as a victory by long-suffering mom-and-pop investors over nefarious Wall Street institutions, but some veteran market observers see parallels with past trading catastrophes that ultimately left those same individuals holding the bag.\nRichard Smith, executive director of the Foundation for the Study of Cycles, compared the run-up in shares of GameStop, along with other heavily shorted shares targeted by an army of individual investors via forums like Reddit’s WallStreetBets, to past market bubbles, albeit one that has materialized rapidly.\nAt some point, the pool of buyers will be exhausted, he and other market observers have warned, leaving the prices of shares that have soared purely due to trading flows to potentially collapse.\nThe obvious parallel is the dot-com bubble of the late 1990s. Like that episode, “too many businesses are making too much money off of facilitating and encouraging speculative excess by the public,” Smith said in a phone interview. “I don’t think that it’s going to end well and I’m afraid that a whole generation of investors is at risk of being lost to the capital markets.”\nIn this case, the businesses encouraging speculative excess are online brokers and market makers, who have gamified trading and liquidity, effectively bringing Silicon Valley’s model of turning the “user into the product,” he said.\nGameStop Corp.GME,+134.84%sharessoared just shy of $200, or 135%, on Wednesday to end at $347.51. Shares have more than quintupled so far this week. They ended last year at $18.84. Shares of other heavily shorted companies, including theater chain AMC Entertainment Holdings Inc.AMC,+301.21%,also soared Wednesday, as Reddit users encouraged an effort to create additional short squeezes.\nRead:It isn’t just GameStop: Here are some of the other heavily shorted stocks shooting higher\nThere’s nothing new about a short squeeze, when professional investors attempt to force short sellers to buy back shares to cover losses, accelerating gains and creating a feedback loop. What’s unique this time is the way individual investors have banded together via Reddit and other forums to do battle with short sellers.\nThe surge has been fueled by individual investors, many of whom bought out-of-the-money call options as part of a concerted effort to drive up the stock price. Market makers who sell the calls to individual investors must buy underlying shares to hedge their exposure. The sharp rally caught short sellers wrong-footed, forcing them to buy back shares at a loss, appearing to further accelerate the rally.\nSee:How an options-trading frenzy is lifting stocks and stirring fears of a market bubble\nOne such short seller, Melvin Capital, was effectively KO’d earlier this week, requiring an infusion of nearly $3 billion from hedge funds Citadel and Point72 Capital. On Wednesday, Melvin Capital’s Gabe Plotkintold CNBCthat the firm’s short position was closed out the previous afternoon following a huge loss.\nAlso, Andrew Left of short seller Citron Research, in a video posted to YouTube on Wednesday, said he covered the majority of Citron’s short position in GameStop in the $90 price range.\nThe GameStop phenomenon, and its reliance on options-related activity by individual investors, can also be viewed as the latest chapter in a story that’s seen derivatives and supposedly sophisticated financial strategies wreak havoc in markets.\nIn a Twitter thread, quantitative finance pioneer Emanuel Derman laid out that history, beginning with the spread of portfolio “insurance” in the 1980s, developed by finance professionals using the Black-Scholes options-pricing model. That dynamic portfolio “hedging” was blamed for amplifying the October 1987 stock-market crash.\nIn the 2000s, credit default swaps made it easy for less-sophisticated segments of the finance profession to trade credit, contributing to the financial crisis, he said. More recently, options and futures based on the Cboe Volatility Index, or VIXVIX,+61.64%,“and the notion of volatility targeting for protection, made it easy for relative amateurs to trade volatility too, formerly also a professional skill,” he said.Investors who had aggressively bet on a long stretch of market calm continuing got a rude comeuppance in February 2018, when the VIX spiked, forcing the unwind of short bets on volatility andblowing up some popular trading vehicles.\n“It’s all part of the trend of using derivatives that make it apparently easy to do difficult things, which, when a few people do them, isn’t too bad, but which fail when everyone does them,” Derman wrote.","news_type":1},"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313644590,"gmtCreate":1611714374110,"gmtModify":1704862284722,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313644590","repostId":"2106476893","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319731430,"gmtCreate":1611620586420,"gmtModify":1704861409236,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319731430","repostId":"2105349950","repostType":4,"repost":{"id":"2105349950","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1611573575,"share":"https://ttm.financial/m/news/2105349950?lang=&edition=fundamental","pubTime":"2021-01-25 19:19","market":"us","language":"en","title":"Get ready for Apple's first $100 billion quarter in history","url":"https://stock-news.laohu8.com/highlight/detail?id=2105349950","media":"Dow Jones","summary":"Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark. Even a pandemic can't stop Apple Inc. from hitting new records.The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.Apple's $$ fiscal first-quarter results will be the firs","content":"<p>Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark</p><p>Even a pandemic can't stop Apple Inc. from hitting new records.</p><p>The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.</p><p>Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Katy Huberty.</p><p>Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.</p><p>Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .</p><p>Analysts expect record performance for the company's services category as well, though <a href=\"https://laohu8.com/S/AONE\">one</a> area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.</p><p>Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.</p><p>Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.</p><p>Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.</p><p>The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.</p><p>Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.</p><p>Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.</p><p>Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.</p><p>\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.</p><p>Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.</p><p>More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple</p><p>\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"</p><p>Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.</p><p>Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.</p><p>For more: Apple bear throws cold water on 'supercycle' story</p><p>\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .</p><p>Monness, Crespi, Hardt &amp; Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.</p><p>Read: Apple is getting an earful over the AirPods Max's $549 price tag</p><p>\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.</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>Get ready for Apple's first $100 billion quarter in history</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\">\nGet ready for Apple's first $100 billion quarter in history\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-01-25 19:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark</p><p>Even a pandemic can't stop Apple Inc. from hitting new records.</p><p>The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.</p><p>Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Katy Huberty.</p><p>Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.</p><p>Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .</p><p>Analysts expect record performance for the company's services category as well, though <a href=\"https://laohu8.com/S/AONE\">one</a> area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.</p><p>Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.</p><p>Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.</p><p>Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.</p><p>The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.</p><p>Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.</p><p>Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.</p><p>Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.</p><p>\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.</p><p>Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.</p><p>More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple</p><p>\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"</p><p>Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.</p><p>Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.</p><p>For more: Apple bear throws cold water on 'supercycle' story</p><p>\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .</p><p>Monness, Crespi, Hardt &amp; Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.</p><p>Read: Apple is getting an earful over the AirPods Max's $549 price tag</p><p>\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","03086":"华夏纳指","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105349950","content_text":"Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone markEven a pandemic can't stop Apple Inc. from hitting new records.The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.Apple's $(AAPL)$ fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of Morgan Stanley analyst Katy Huberty.Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .Analysts expect record performance for the company's services category as well, though one area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.For more: Apple bear throws cold water on 'supercycle' story\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .Monness, Crespi, Hardt & Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.Read: Apple is getting an earful over the AirPods Max's $549 price tag\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319193136,"gmtCreate":1611545532725,"gmtModify":1704860601427,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/319193136","repostId":"2106411186","repostType":4,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319199245,"gmtCreate":1611545395387,"gmtModify":1704860600768,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319199245","repostId":"2106411186","repostType":4,"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310721931,"gmtCreate":1611378305923,"gmtModify":1704860134943,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow this is dramatic","listText":"Wow this is dramatic","text":"Wow this is dramatic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310721931","repostId":"1106179554","repostType":4,"repost":{"id":"1106179554","pubTimestamp":1611309447,"share":"https://ttm.financial/m/news/1106179554?lang=&edition=fundamental","pubTime":"2021-01-22 17:57","market":"us","language":"en","title":"Apple Could Show Dramatic Fall In iPhone 12 Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=1106179554","media":"seekingalpha","summary":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature ","content":"<p><b>Summary</b></p>\n<ul>\n <li>The bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.</li>\n</ul>\n<ul>\n <li>Even if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.</li>\n</ul>\n<ul>\n <li>Apple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.</li>\n</ul>\n<ul>\n <li>A significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.</li>\n</ul>\n<p>Apple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.</p>\n<p>According to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.</p>\n<p><b>Importance of Bill of Materials</b></p>\n<p>The flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&amp;D expense and marketing costs that Apple has to bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5eb120e231572c55de63b9fd8f40ce5\" tg-width=\"822\" tg-height=\"404\"><span>Figure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research</span></p>\n<p>We can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.</p>\n<p><b>Impact on Margins</b></p>\n<p>Apple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.</p>\n<p>In addition to BoM, Apple’s R&amp;D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&amp;D compared to a decade back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95bcae5f57407febfd836a95f97026bd\" tg-width=\"1073\" tg-height=\"551\"><span>Figure 2: Apple's R&amp;D to Revenue expense has increased continuously over the past few years, squeezing the margins.</span></p>\n<p>This trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5600e70d2db88a215f8932bbbf00fb8\" tg-width=\"1077\" tg-height=\"551\"><span>Figure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.</span></p>\n<p>We can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.</p>\n<p>At the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.</p>\n<p>iPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.</p>\n<p>Apple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.</p>\n<p>With the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.</p>\n<p><b>Can We See a Correction in the Stock?</b></p>\n<p>This is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8fe5668a43f7874f4c2a823628a46bd\" tg-width=\"1077\" tg-height=\"559\"><span>Fig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.</span></p>\n<p>It is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.</p>\n<p>Given this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.</p>\n<p><b>Investor Takeaway</b></p>\n<p>The latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.</p>\n<p>Apple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.</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 Could Show Dramatic Fall In iPhone 12 Margins</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 Could Show Dramatic Fall In iPhone 12 Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 17:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall ...</p>\n\n<a href=\"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins\">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/4400322-apple-show-dramatic-fall-in-iphone-12-margins","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1106179554","content_text":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.\n\n\nApple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.\n\n\nA significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.\n\nApple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.\nAccording to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.\nImportance of Bill of Materials\nThe flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&D expense and marketing costs that Apple has to bear.\nFigure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research\nWe can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.\nImpact on Margins\nApple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.\nIn addition to BoM, Apple’s R&D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&D compared to a decade back.\nFigure 2: Apple's R&D to Revenue expense has increased continuously over the past few years, squeezing the margins.\nThis trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.\nFigure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.\nWe can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.\nAt the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.\niPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.\nApple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.\nWith the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.\nCan We See a Correction in the Stock?\nThis is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.\nFig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.\nIt is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.\nGiven this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.\nInvestor Takeaway\nThe latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.\nApple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310723941,"gmtCreate":1611378178783,"gmtModify":1704860134123,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/310723941","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":310723941,"gmtCreate":1611378178783,"gmtModify":1704860134123,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/310723941","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":318429338,"gmtCreate":1611885283424,"gmtModify":1704865221282,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":";;(","listText":";;(","text":";;(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/318429338","repostId":"1107630048","repostType":4,"isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360483161,"gmtCreate":1613965054653,"gmtModify":1704886234011,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/360483161","repostId":"1128649853","repostType":4,"repost":{"id":"1128649853","pubTimestamp":1613961945,"share":"https://ttm.financial/m/news/1128649853?lang=&edition=fundamental","pubTime":"2021-02-22 10:45","market":"us","language":"en","title":"Ant Faces Another Setback in Curbs on Joint Lending With Banks","url":"https://stock-news.laohu8.com/highlight/detail?id=1128649853","media":"Bloomberg","summary":"Banks must cap co-lending with internet platforms in ChinaRules target ‘big techs’ that rely on bank","content":"<ul><li>Banks must cap co-lending with internet platforms in China</li><li>Rules target ‘big techs’ that rely on banks, Citigroup says</li></ul><p>Jack Ma’s&nbsp;Ant Group Co.and China’s other fintech giants were dealt another blow by new rules that target a lucrative growth area -- joint lending with banks.</p><p>Banks must cap overall co-lending with internet platforms or other partners at no more than 50% of outstanding loans, the China Banking and Insurance Regulatory Commission said on Saturday. Co-lending with one platform shouldn’t exceed 25% of the bank’s tier-1 net capital.</p><p>The restrictions add to draft rules for online lenders issued late last year, which heralded an abrupt loss of appetite for free-wheeling fintech innovations among regulators. The derailment of Ant’s $35 billion share sale and mounting scrutiny of its operations have since upended one of China’s biggest business success stories. The authorities have also cracked down on technology juggernauts in everything from e-commerce to credit-scoring and payments.</p><p>“The new rules are mainly targeted against the big techs who are more reliant on the co-lending business model,” Citigroup analysts led by Judy Zhang wrote in a note. They “can prevent banks from over-relying on online lenders for credit assessment and over-concentrating on selective fintech partners.”</p><p>From Jan. 1, 2022, an internet platform will be required to provide at least 30% of the funding itself in any single joint loan with a bank, the CBIRC said.</p><p>The regulation is expected to further cripple growth at Ant, whose Jiebei and Huabei units had facilitated 1.7 trillion yuan ($263 billion) in consumer loans to 500 million people as of June 30, with only about 2% being kept on the parent’s balance sheet. Concerns that it will need to raise capital to plug the shortfall and seek national licenses have prompted analysts at Morningstar Inc. and others firms toslashestimates on Ant’s valuation by half from $280 billion before its scrapped listing.</p><p>Further requirements in Saturday’s announcement:</p><ul><li>A local bank cannot extend online loans outside its home base</li><li>CBIRC and its local branches may propose tougher requirements on the amount and share in co-lending arrangements</li><li>Latest rules will also apply to foreign banks, trust firms, consumer finance companies and auto finance businesses</li></ul><p>The rules will hurt lenders that rely on Ant for their digital loans, said Francis Chan, a Hong Kong-based Bloomberg Intelligence analyst. The restriction on regional banks’ ability to extend credit outside their home bases will mean some will lose access to consumers in coastal areas, he said.</p><p>Ant and at least a dozen banks have been paring back their years-long cooperation on consumer-lending platforms in recent months, people familiar with the mattersaidin February. That has taken place in parallel with Ant’s discussions with Chinese authorities on a restructuring plan. Bloomberg reported earlier that Ant has agreed to become a financial holding company, making it subject to capital requirements similar to those for banks.</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>Ant Faces Another Setback in Curbs on Joint Lending With Banks</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\">\nAnt Faces Another Setback in Curbs on Joint Lending With Banks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 10:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-22/ant-faces-another-setback-in-curbs-on-joint-lending-with-banks><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Banks must cap co-lending with internet platforms in ChinaRules target ‘big techs’ that rely on banks, Citigroup saysJack Ma’s Ant Group Co.and China’s other fintech giants were dealt another blow by ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-22/ant-faces-another-setback-in-curbs-on-joint-lending-with-banks\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU":"陆金所","09988":"阿里巴巴-W","00700":"腾讯控股","BABA":"阿里巴巴","06688":"蚂蚁集团"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-22/ant-faces-another-setback-in-curbs-on-joint-lending-with-banks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128649853","content_text":"Banks must cap co-lending with internet platforms in ChinaRules target ‘big techs’ that rely on banks, Citigroup saysJack Ma’s Ant Group Co.and China’s other fintech giants were dealt another blow by new rules that target a lucrative growth area -- joint lending with banks.Banks must cap overall co-lending with internet platforms or other partners at no more than 50% of outstanding loans, the China Banking and Insurance Regulatory Commission said on Saturday. Co-lending with one platform shouldn’t exceed 25% of the bank’s tier-1 net capital.The restrictions add to draft rules for online lenders issued late last year, which heralded an abrupt loss of appetite for free-wheeling fintech innovations among regulators. The derailment of Ant’s $35 billion share sale and mounting scrutiny of its operations have since upended one of China’s biggest business success stories. The authorities have also cracked down on technology juggernauts in everything from e-commerce to credit-scoring and payments.“The new rules are mainly targeted against the big techs who are more reliant on the co-lending business model,” Citigroup analysts led by Judy Zhang wrote in a note. They “can prevent banks from over-relying on online lenders for credit assessment and over-concentrating on selective fintech partners.”From Jan. 1, 2022, an internet platform will be required to provide at least 30% of the funding itself in any single joint loan with a bank, the CBIRC said.The regulation is expected to further cripple growth at Ant, whose Jiebei and Huabei units had facilitated 1.7 trillion yuan ($263 billion) in consumer loans to 500 million people as of June 30, with only about 2% being kept on the parent’s balance sheet. Concerns that it will need to raise capital to plug the shortfall and seek national licenses have prompted analysts at Morningstar Inc. and others firms toslashestimates on Ant’s valuation by half from $280 billion before its scrapped listing.Further requirements in Saturday’s announcement:A local bank cannot extend online loans outside its home baseCBIRC and its local branches may propose tougher requirements on the amount and share in co-lending arrangementsLatest rules will also apply to foreign banks, trust firms, consumer finance companies and auto finance businessesThe rules will hurt lenders that rely on Ant for their digital loans, said Francis Chan, a Hong Kong-based Bloomberg Intelligence analyst. The restriction on regional banks’ ability to extend credit outside their home bases will mean some will lose access to consumers in coastal areas, he said.Ant and at least a dozen banks have been paring back their years-long cooperation on consumer-lending platforms in recent months, people familiar with the mattersaidin February. That has taken place in parallel with Ant’s discussions with Chinese authorities on a restructuring plan. Bloomberg reported earlier that Ant has agreed to become a financial holding company, making it subject to capital requirements similar to those for banks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":405,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319193136,"gmtCreate":1611545532725,"gmtModify":1704860601427,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/319193136","repostId":"2106411186","repostType":4,"repost":{"id":"2106411186","pubTimestamp":1611543179,"share":"https://ttm.financial/m/news/2106411186?lang=&edition=fundamental","pubTime":"2021-01-25 10:52","market":"sg","language":"en","title":"'We can't wait:' Biden administration fights for $2.5 trillion Covid-19 relief plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2106411186","media":"The Straits Times","summary":"WASHINGTON (REUTERS) - Officials in President Joe Biden's administration tried to head off Republica","content":"<div>\n<p>WASHINGTON (REUTERS) - Officials in President Joe Biden's administration tried to head off Republican concerns that his US$1.9 trillion (S$2.52 trillion) pandemic relief proposal was too expensive on ...</p>\n\n<a href=\"http://www.straitstimes.com/world/united-states/we-cant-wait-biden-administration-fights-for-25-trillion-covid-19-relief-plan\">Web Link</a>\n\n</div>\n","source":"straits_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>'We can't wait:' Biden administration fights for $2.5 trillion Covid-19 relief plan</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\">\n'We can't wait:' Biden administration fights for $2.5 trillion Covid-19 relief plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-25 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/world/united-states/we-cant-wait-biden-administration-fights-for-25-trillion-covid-19-relief-plan><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (REUTERS) - Officials in President Joe Biden's administration tried to head off Republican concerns that his US$1.9 trillion (S$2.52 trillion) pandemic relief proposal was too expensive on ...</p>\n\n<a href=\"http://www.straitstimes.com/world/united-states/we-cant-wait-biden-administration-fights-for-25-trillion-covid-19-relief-plan\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/world/united-states/we-cant-wait-biden-administration-fights-for-25-trillion-covid-19-relief-plan","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106411186","content_text":"WASHINGTON (REUTERS) - Officials in President Joe Biden's administration tried to head off Republican concerns that his US$1.9 trillion (S$2.52 trillion) pandemic relief proposal was too expensive on a Sunday (Jan 24) call with Republican and Democratic lawmakers, some of whom pushed for a smaller plan targeting vaccine distribution.\nLawmakers from both parties said they had agreed that getting the Covid-19 vaccine to Americans should be a priority, but some Republicans objected to such a hefty package only a month after Congress passed a US$900 billion relief measure.\n\"It seems premature to be considering a package of this size and scope,\" said Republican Senator Susan Collins, who was on the call with Mr Brian Deese, director of the White House's National Economic Council, and other top Mr Biden aides.\nMs Collins said she agreed additional funding was needed for vaccine distribution, but in a \"more limited\" Bill, and planned to discuss such a measure with other lawmakers.\nSenator Dick Durbin, the Senate's No. 2 Democrat, said the call had shown that coronavirus relief was Mr Biden's top priority.\n\"We can't wait,\" White House Principal Deputy Press Secretary Karine Jean-Pierre told reporters. \"Just because Washington has been gridlocked before doesn't mean it needs to continue to be gridlocked.\"\nThe White House did not provide a readout of the call, but Mr Jared Bernstein, a member of Mr Biden's Council of Economic Advisers, told CNN afterward that the US$900 billion in relief passed in late 2020 would only help for \"a month or two.\"\nThe Covid-19 pandemic has killed more than 417,000 Americans, thrown millions out of work and is infecting more than 175,000 Americans a day.\nMr Biden, who took office on Wednesday, campaigned on a promise to take aggressive action on the pandemic, which his predecessor, President Donald Trump, often downplayed.\nThe Trump administration lagged far behind its target of 20 million Americans inoculated by the end of 2020 and left no plan for how to distribute the vaccine to millions of Americans, White House Chief of Staff Ron Klain said on Sunday.\nWhile Congress has already authorised US$4 trillion to respond, the White House says the additional US$1.9 trillion is needed to cover the costs of responding to the virus and provide enhanced jobless benefits and payments to households.\nAt least 16 senators and two House members - Democratic Representative Josh Gottheimer and Republican Tom Reed, co-chairmen of the bipartisan House Problem Solvers Caucus - participated in the call.\n'National emergency'\n\"The bottom line is this: We're in a national emergency, and we need to act like we're in a national emergency,\" Mr Biden said on Friday before signing executive orders on economic relief. Outlining his package earlier this month, Mr Biden said that while enacting it would not come cheaply, \"failure to do so will cost us dearly.\"\nAlthough Mr Biden's Democratic Party narrowly controls the House of Representatives and Senate, the legislation will likely need bipartisan support to become law.\nBesides the price of the package, there is concern about a proposal to send US$1,400 stimulus checks to most Americans, even some with fairly high incomes.\nMore on this topic\nRelated Story\nUS passes 25 million confirmed coronavirus cases\nRelated Story\nBiden says Covid-19 expected to kill 'well over 600,000' in US\n\"The additional stimulus checks that the president is proposing are not well targeted,\" Ms Collins said in an emailed statement. She said, for example, that a family of five in her home state of Maine with an income in excess of US$300,000, who would receive a partial check, was likely not suffering economic harm.\nRepublican Senator Mitt Romney said he would listen to the White House, but told \"Fox News Sunday\" that the US$1.9 trillion figure was \"shocking\" and that borrowing large sums of money to fund the Bill was not \"the best thing\" for the US economy long term.\nSenator Angus King, an independent who aligns with Democrats, said senators on the call had sought answers on how much of the US$900 billion passed last month had been spent.\nDemocratic Senate Majority Leader Chuck Schumer acknowledged remarks from some Republicans had not been positive, but voiced hope they would see the need after Sunday's call.\n\"But if they don't, there are tools we can use to move forward on our own. And we will,\" Mr Schumer told reporters in New York. He said those included \"reconciliation,\" which allows major legislation to pass the Senate on a simple majority.\nMr Biden has said he wants to unify a divided country. Mr Trump's tenure drew to a close with his second impeachment by the House after supporters stormed the US Capitol on Jan 6 in a deadly bid to overturn his election loss.\nThe push for coronavirus relief is complicated by Mr Trump's looming Senate impeachment, which not only threatens to deepen divisions between Democrats and Mr Trump's Republicans but could consume time that might be spent finalising a package.\nSenators said they hoped to pass legislation before the trial's start during the week of Feb 8.","news_type":1},"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383391754,"gmtCreate":1612835744078,"gmtModify":1704874788755,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Anazeballs","listText":"Anazeballs","text":"Anazeballs","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/383391754","repostId":"1163750848","repostType":4,"repost":{"id":"1163750848","pubTimestamp":1612779898,"share":"https://ttm.financial/m/news/1163750848?lang=&edition=fundamental","pubTime":"2021-02-08 18:24","market":"fut","language":"en","title":"Dow Futures, Stimulus, Apple Car, Super Bowl, Dogecoin - 5 Things You Must Know Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1163750848","media":"TheStreet","summary":"Stock futures rise after Treasury Secretary Janet Yellen endorses a massive stimulus package; Hyunda","content":"<p>Stock futures rise after Treasury Secretary Janet Yellen endorses a massive stimulus package; Hyundai and Kia say they aren't in talks with Apple to develop an autonomous vehicle; the Tampa Bay Buccaneers win Super Bowl LV.</p>\n<p>Here are five things you must know for Monday, Feb. 8:</p>\n<p><b>1. -- Stock Futures Rise as Yellen Pushes for Massive Stimulus Bill</b></p>\n<p>Stock futures suggested Wall Street would begin Monday modestly higher after&nbsp;Treasury Secretary Janet Yellen endorsed a massive stimulus package that she said should include checks to Americans making up to around $60,000.</p>\n<p>Yellen said full employment could return by 2022if President Joe Biden's proposed $1.9 trillion plan was passed. When asked about fears of inflation rising, Yellen said \"we have the tools to deal with\" such a threat.</p>\n<p>Contracts linked to the Dow Jones Industrial Average rose 105 points, S&amp;P 500 futures gained 10 points and Nasdaq futures were up 49 points.</p>\n<p>The size of Biden's plan has been&nbsp;criticized by Republican lawmakers and questioned by previous Democratic Treasury Secretary Larry Summers.</p>\n<p>Rising expectations for inflation led to a selloff in Treasuries, pushing the yield on the 30-year bond to 2%, the highest since February 2020.</p>\n<p>Brent oil rose above $60 a barrel for this first time in more than a year, while West Texas Intermediate crude, the U.S. benchmark, was up 1.27% to&nbsp;$57.57 a barrel.</p>\n<p><b>2. -- Monday's Calendar: Hasbro and Take-Two Earnings</b></p>\n<p>The U.S.economic calendarfor Monday is light but later in the week will see reports on the Consumer Price Index, weekly Jobless Claims and Consumer Sentiment.</p>\n<p>Earnings are expected Monday from Simon Property Group&nbsp;(<b>SPG</b>) -Get Report,&nbsp;Hasbro&nbsp;(<b>HAS</b>) -Get Report&nbsp;and&nbsp;Take-Two Interactive Software&nbsp;(<b>TTWO</b>) -Get Report.</p>\n<p>Later this week reports will be issued by Walt Disney&nbsp;(<b>DIS</b>) -Get Report, General Motors&nbsp;(<b>GM</b>) -Get Report, Cisco Systems&nbsp;(<b>CSCO</b>) -Get Report, Canopy Growth&nbsp;(<b>CGC</b>) -Get Report, Uber&nbsp;(<b>UBER</b>) -Get Report, Lyft&nbsp;(<b>LYFT</b>) -Get Report,&nbsp;Twitter&nbsp;(<b>TWTR</b>) -Get Report, Mattel&nbsp;(<b>MAT</b>) -Get Report,&nbsp;Coca-Cola&nbsp;(<b>KO</b>) -Get Report, Under Armour&nbsp;(<b>UAA</b>) -Get Report, PepsiCo&nbsp;(<b>PEP</b>) -Get Report,&nbsp;Expedia&nbsp;(<b>EXPE</b>) -Get Report&nbsp;and Cloudflare&nbsp;(<b>NET</b>).</p>\n<p><i>Walt Disney and Take-Two Interactive areholdings in Jim Cramer'sAction Alerts PLUSmember club. Want to be alerted before Jim Cramer buys or sells the stocks?Learn more now.</i></p>\n<p><b>3. -- Hyundai and Kia: We're Not in Talks With Apple Over&nbsp;Autonomous Vehicles</b></p>\n<p>Hyundai and its affiliate Kia said they aren't in talks with Apple&nbsp;(<b>AAPL</b>) -Get Report&nbsp;Inc. to develop an autonomous vehicle.</p>\n<p>Apple's discussions with the Korean automakers were paused weeks ago, Bloomberg reported last week. Hyundai and Kia said in regulatory filings Monday&nbsp;they were in talks with multiple companies about autonomous EVs, but that no decision has been made.</p>\n<p>Apple also has been holding discussions with other automakers about the project, reported Bloomberg, which cited people familiar with the matter.</p>\n<p>Speculation on a so-called Apple Car has been rising, particularly after Hyundai issued and then backed off from a statement in January that it was in talks with Apple.</p>\n<p>An Apple entry into the automotive market would dramatically alter the industry, which has seen seismic shifts away from traditional sedans to sport utility vehicles and more recently toward electric vehicles. Tesla&nbsp;(<b>TSLA</b>) -Get Report&nbsp;has seen its market cap soar past traditional automakers as it has boosted sales of electric vehicles.</p>\n<p><b>4. -- Tampa Bay Buccaneers Win Super Bowl LV</b></p>\n<p>The Tampa Bay Buccaneers won Super Bowl LV, defeating the Kansas City Chiefs, 31-9, on Sunday night for the second title in Tampa Bay’s history and Tom Brady's seventh.</p>\n<p>The quarterback won his first six championships with the New England Patriots.</p>\n<p>Brady also was awarded the MVP trophy, the fifth Super Bowl MVP in his career.</p>\n<p>He completed 21 of 29 passes for 201 yards, with three touchdowns and no real mistakes.</p>\n<p><b>5. -- Snoop Dogg Also Is a Fan of Dogecoin</b></p>\n<p>Dogecoin,&nbsp;which started as a \"joke\" cryptocurrency based on a popular internet meme, soared to a record high Monday following tweets from Tesla's Elon Musk, rapper Snoop Dogg and Gene Simmons, the bassist with Kiss.</p>\n<p>Snoop Dogg pinned a tweet with “Snoop Doge.”</p>\n<p>Dogecoin was trading at 7.4 cents early Monday but had risen to as high as 8.2 cents, according to&nbsp;CoinGecko.</p>\n<p>Over the past 24 hours, the&nbsp;cryptocurrency has risen 23% and almost 95% over the past seven days.</p>\n<p>Dogecoin skyrocketedabout two weeks ago&nbsp;- as much as 800% in one 24-hour period - as retail investors expanded their buying frenzy to digital currency. A Reddit group called SatoshiStreetBets had touted the gains in Dogecoin.</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>Dow Futures, Stimulus, Apple Car, Super Bowl, Dogecoin - 5 Things You Must Know Monday</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\">\nDow Futures, Stimulus, Apple Car, Super Bowl, Dogecoin - 5 Things You Must Know Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-08 18:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-monday-020821><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock futures rise after Treasury Secretary Janet Yellen endorses a massive stimulus package; Hyundai and Kia say they aren't in talks with Apple to develop an autonomous vehicle; the Tampa Bay ...</p>\n\n<a href=\"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-monday-020821\">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","TSLA":"特斯拉"},"source_url":"https://www.thestreet.com/markets/5-things-you-must-know-before-the-market-opens-monday-020821","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163750848","content_text":"Stock futures rise after Treasury Secretary Janet Yellen endorses a massive stimulus package; Hyundai and Kia say they aren't in talks with Apple to develop an autonomous vehicle; the Tampa Bay Buccaneers win Super Bowl LV.\nHere are five things you must know for Monday, Feb. 8:\n1. -- Stock Futures Rise as Yellen Pushes for Massive Stimulus Bill\nStock futures suggested Wall Street would begin Monday modestly higher after Treasury Secretary Janet Yellen endorsed a massive stimulus package that she said should include checks to Americans making up to around $60,000.\nYellen said full employment could return by 2022if President Joe Biden's proposed $1.9 trillion plan was passed. When asked about fears of inflation rising, Yellen said \"we have the tools to deal with\" such a threat.\nContracts linked to the Dow Jones Industrial Average rose 105 points, S&P 500 futures gained 10 points and Nasdaq futures were up 49 points.\nThe size of Biden's plan has been criticized by Republican lawmakers and questioned by previous Democratic Treasury Secretary Larry Summers.\nRising expectations for inflation led to a selloff in Treasuries, pushing the yield on the 30-year bond to 2%, the highest since February 2020.\nBrent oil rose above $60 a barrel for this first time in more than a year, while West Texas Intermediate crude, the U.S. benchmark, was up 1.27% to $57.57 a barrel.\n2. -- Monday's Calendar: Hasbro and Take-Two Earnings\nThe U.S.economic calendarfor Monday is light but later in the week will see reports on the Consumer Price Index, weekly Jobless Claims and Consumer Sentiment.\nEarnings are expected Monday from Simon Property Group (SPG) -Get Report, Hasbro (HAS) -Get Report and Take-Two Interactive Software (TTWO) -Get Report.\nLater this week reports will be issued by Walt Disney (DIS) -Get Report, General Motors (GM) -Get Report, Cisco Systems (CSCO) -Get Report, Canopy Growth (CGC) -Get Report, Uber (UBER) -Get Report, Lyft (LYFT) -Get Report, Twitter (TWTR) -Get Report, Mattel (MAT) -Get Report, Coca-Cola (KO) -Get Report, Under Armour (UAA) -Get Report, PepsiCo (PEP) -Get Report, Expedia (EXPE) -Get Report and Cloudflare (NET).\nWalt Disney and Take-Two Interactive areholdings in Jim Cramer'sAction Alerts PLUSmember club. Want to be alerted before Jim Cramer buys or sells the stocks?Learn more now.\n3. -- Hyundai and Kia: We're Not in Talks With Apple Over Autonomous Vehicles\nHyundai and its affiliate Kia said they aren't in talks with Apple (AAPL) -Get Report Inc. to develop an autonomous vehicle.\nApple's discussions with the Korean automakers were paused weeks ago, Bloomberg reported last week. Hyundai and Kia said in regulatory filings Monday they were in talks with multiple companies about autonomous EVs, but that no decision has been made.\nApple also has been holding discussions with other automakers about the project, reported Bloomberg, which cited people familiar with the matter.\nSpeculation on a so-called Apple Car has been rising, particularly after Hyundai issued and then backed off from a statement in January that it was in talks with Apple.\nAn Apple entry into the automotive market would dramatically alter the industry, which has seen seismic shifts away from traditional sedans to sport utility vehicles and more recently toward electric vehicles. Tesla (TSLA) -Get Report has seen its market cap soar past traditional automakers as it has boosted sales of electric vehicles.\n4. -- Tampa Bay Buccaneers Win Super Bowl LV\nThe Tampa Bay Buccaneers won Super Bowl LV, defeating the Kansas City Chiefs, 31-9, on Sunday night for the second title in Tampa Bay’s history and Tom Brady's seventh.\nThe quarterback won his first six championships with the New England Patriots.\nBrady also was awarded the MVP trophy, the fifth Super Bowl MVP in his career.\nHe completed 21 of 29 passes for 201 yards, with three touchdowns and no real mistakes.\n5. -- Snoop Dogg Also Is a Fan of Dogecoin\nDogecoin, which started as a \"joke\" cryptocurrency based on a popular internet meme, soared to a record high Monday following tweets from Tesla's Elon Musk, rapper Snoop Dogg and Gene Simmons, the bassist with Kiss.\nSnoop Dogg pinned a tweet with “Snoop Doge.”\nDogecoin was trading at 7.4 cents early Monday but had risen to as high as 8.2 cents, according to CoinGecko.\nOver the past 24 hours, the cryptocurrency has risen 23% and almost 95% over the past seven days.\nDogecoin skyrocketedabout two weeks ago - as much as 800% in one 24-hour period - as retail investors expanded their buying frenzy to digital currency. A Reddit group called SatoshiStreetBets had touted the gains in Dogecoin.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381679930,"gmtCreate":1612966351620,"gmtModify":1704876633115,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/381679930","repostId":"1144142338","repostType":4,"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384831412,"gmtCreate":1613636843136,"gmtModify":1704882982200,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384831412","repostId":"1135489805","repostType":4,"repost":{"id":"1135489805","pubTimestamp":1613613615,"share":"https://ttm.financial/m/news/1135489805?lang=&edition=fundamental","pubTime":"2021-02-18 10:00","market":"us","language":"en","title":"Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead","url":"https://stock-news.laohu8.com/highlight/detail?id=1135489805","media":"cnbc","summary":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time thi","content":"<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.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>Bitcoin at $1 million? Some analysts are bullish but others warn of risks ahead</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin at $1 million? Some analysts are bullish but others warn of risks ahead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 10:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/02/18/bitcoin-btc-gets-1-million-price-call-but-there-are-risks-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1135489805","content_text":"KEY POINTS\n\nBitcoin has surged over the last few months and surpassed $50,000 for the first time this week.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade, and eventually go on to reach $1 million per coin.\nOne JPMorgan strategist warned that a major risk could be retail flows into bitcoin drying up as economies reopen.\n\nGUANGZHOU, China —Bitcoincould rise to $1 million over the long term to become a reserve currency for the world, according to one asset manager.\nBut JPMorgan warned of risks ahead as the cryptocurrency continues to rally.\nAnthony Pompliano, co-founder and partner at Morgan Creek Digital Assets, said bitcoin could hit $500,000 by the end of the decade. It could eventually reach $1 million per coin, he added, without giving a timeline.\n“I think that bitcoin will eventually rise to become the global reserve currency. I think bitcoin will eventually be much much larger than the gold market cap,” he said during the latest episode of CNBC’s“Beyond the Valley”podcast.\nBitcoin has surged over the last few months andsurpassed $50,000 for the first time this week.\nWhy is bitcoin rallying?\nA number of factors are behind the rush into bitcoin.\nThere has been largeparticipation from institutional and retail investors. Major companies are also getting more involved with the cryptocurrency.Squarebought some bitcoin last yearandElon Musk’s electric carmakerTeslapurchased around$1.5 billion in bitcoin, according to a filing this month. Musk and Square founderJack Dorseyare both supporters of bitcoin.\nMeanwhile, global central banks have been easing monetary policy — such as lowering interest rates and buying assets through the so-called quantitative easing program —to help cushion the blow to economies hit by thecoronavirus pandemic.\n“There were trillions of dollars that were printed and injected into the economy and everyone from individuals to financial institutions and corporations ran around the world looking for the best way to protect their purchasing power, they ultimately decided it was bitcoin,” Pompliano said as he discussed what was behind bitcoin’s surge.\n\n (Bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation. ——Anthony PomplianoMORGAN CREEK DIGITAL ASSETS\n\nThe bitcoin bull’s prediction that bitcoin could hit $1 million is based on a few factors including the scarcity of the cryptocurrency which has a cap of 21 million coins, as well as the decentralized nature of the technology.\nThere is no central authority like a central bank that controls bitcoin.\nInstead, theso-called bitcoin network is made up of miners who process transactions. These miners operate a vast array of specialized computers required to carry out the bitcoin mining process.\nAs there are many different miners, no single entity can control the network. And because the computers they use are often very powerful machines, bitcoin proponents claim the network is one of the strongest computer networks in the world.\n“As more and more people come into the market, there is more liquidity. As there is more liquidity, there is more utility. As there’s more utility, there’s more stability in the price … you get kind of this evolution,” Pompliano said.\n“If you think about that internet economy, there is no native currency … (bitcoin) will eventually take that seat at the kingdom of being that global reserve currency of the internet generation.”\nJPMorgan’s long-term price target for bitcoin\nIn January, JPMorgan released a note to clients putting a “theoretical” long term price target on bitcoin of $146,000 as bitcoin begins to compete with gold.\nGold is broadly accepted as a “safe haven” asset where investors flock to in times of political strife or financial market turmoil. Bitcoin is now beginning to develop such a reputation.\n“Bitcoin is competing with traditional gold, bitcoin is a form of digital gold,” Nikolaos Panigirtzoglou, global markets strategist at JPMorgan, told CNBC’s “Beyond the Valley.”\nHe said that the value of gold held by the private sector, solely for the purpose of investment, is around $2.7 trillion. For bitcoin’s market cap to reach that, it would need to hit a price of around $146,000.\nBut there are caveats, the biggest one being the volatility in bitcoin’s price. The digital coin is known for wild swings in price. Panigirtzoglou said bitcoin is “five times more volatility than gold.”\nThe key to bitcoin’s volatility converging with gold is institutional adoption, the JPMorgan strategist said.\n“The faster the pace of institutional adoption, the quicker that convergence in volatility will take place,” he said.\nStill, there are risks ahead for the current rally. While it has been driven by institutional investors, retail participation has also been high.\n“The biggest risk is that the flow impulse we’ve seen over the past months slows materially from here,” Panigirtzoglou said.\n“In particular when the economies reopen, people go back to the office, they have less time to trade at home, and as a result some of that, retail … flow impulse slows from here,” he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386251093,"gmtCreate":1613188846112,"gmtModify":1704879334955,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"H","listText":"H","text":"H","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/386251093","repostId":"2110200430","repostType":4,"repost":{"id":"2110200430","pubTimestamp":1613078500,"share":"https://ttm.financial/m/news/2110200430?lang=&edition=fundamental","pubTime":"2021-02-12 05:21","market":"us","language":"en","title":"BlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2110200430","media":"Bloomberg","summary":"(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-tr","content":"<p>(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.</p>\n<p>The firm’s $30 billion <a href=\"https://laohu8.com/S/IHPXF\">iShares MSCI</a> USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020.</p>\n<p>These outflows stand in stark contrast with the overall U.S. ETF market, which has already taken in $113 billion in the first five weeks of the year -- more than the entire third quarter in 2020. But products following a low-volatility strategy have become the least-loved sector of the smart beta universe, after failing to protect against market swings last year.</p>\n<p>“Investors had been piling into those funds prior to the Corona crash, and when that came, those funds were down as much or more than the market and that turned some investors off,” said Nate Geraci, president of the ETF Store, an advisory firm.</p>\n<p>Overall, funds implementing the strategy -- in which investors overvalue volatile equities and undervalue stocks that fluctuate less -- have lost almost $5 billion this year, after facing $13.3 billion in outflows last year.</p>\n<p>There’s also the growing reflation trade, which has been spurred by ongoing vaccine rollouts, expectations of further federal fiscal aid and largely positive earnings reports -- all sending equities to all-time highs.</p>\n<p>“It’s just been a story where flows are going into those riskier segments of the market, higher beta versus pursuing low-vol strategies,” Geraci said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackRock Minimum Volatility ETF Has Bled Cash Every Day in 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 05:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.\nThe firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding ...</p>\n\n<a href=\"https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/723792d40ba9c0afd8c2a721ec45ed24","relate_stocks":{"BLK":"贝莱德"},"source_url":"https://finance.yahoo.com/news/blackrock-minimum-volatility-etf-bled-212140767.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2110200430","content_text":"(Bloomberg) -- Investors have minimized the love for BlackRock Inc.’s minimum volatility exchange-traded fund.\nThe firm’s $30 billion iShares MSCI USA Min Vol Factor ETF (USMV) is steadily bleeding cash, totaling $3.5 billion in losses so far this year, according to data compiled by Bloomberg. That’s on top of $4.6 billion pulled in 2020.\nThese outflows stand in stark contrast with the overall U.S. ETF market, which has already taken in $113 billion in the first five weeks of the year -- more than the entire third quarter in 2020. But products following a low-volatility strategy have become the least-loved sector of the smart beta universe, after failing to protect against market swings last year.\n“Investors had been piling into those funds prior to the Corona crash, and when that came, those funds were down as much or more than the market and that turned some investors off,” said Nate Geraci, president of the ETF Store, an advisory firm.\nOverall, funds implementing the strategy -- in which investors overvalue volatile equities and undervalue stocks that fluctuate less -- have lost almost $5 billion this year, after facing $13.3 billion in outflows last year.\nThere’s also the growing reflation trade, which has been spurred by ongoing vaccine rollouts, expectations of further federal fiscal aid and largely positive earnings reports -- all sending equities to all-time highs.\n“It’s just been a story where flows are going into those riskier segments of the market, higher beta versus pursuing low-vol strategies,” Geraci said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317748685,"gmtCreate":1612488881247,"gmtModify":1704871859715,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"D","listText":"D","text":"D","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317748685","repostId":"2108716497","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":315629990,"gmtCreate":1612245903010,"gmtModify":1704868656155,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/315629990","repostId":"1122228237","repostType":4,"isVote":1,"tweetType":1,"viewCount":264,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319731430,"gmtCreate":1611620586420,"gmtModify":1704861409236,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319731430","repostId":"2105349950","repostType":4,"repost":{"id":"2105349950","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1611573575,"share":"https://ttm.financial/m/news/2105349950?lang=&edition=fundamental","pubTime":"2021-01-25 19:19","market":"us","language":"en","title":"Get ready for Apple's first $100 billion quarter in history","url":"https://stock-news.laohu8.com/highlight/detail?id=2105349950","media":"Dow Jones","summary":"Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark. Even a pandemic can't stop Apple Inc. from hitting new records.The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.Apple's $$ fiscal first-quarter results will be the firs","content":"<p>Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark</p><p>Even a pandemic can't stop Apple Inc. from hitting new records.</p><p>The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.</p><p>Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Katy Huberty.</p><p>Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.</p><p>Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .</p><p>Analysts expect record performance for the company's services category as well, though <a href=\"https://laohu8.com/S/AONE\">one</a> area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.</p><p>Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.</p><p>Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.</p><p>Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.</p><p>The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.</p><p>Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.</p><p>Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.</p><p>Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.</p><p>\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.</p><p>Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.</p><p>More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple</p><p>\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"</p><p>Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.</p><p>Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.</p><p>For more: Apple bear throws cold water on 'supercycle' story</p><p>\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .</p><p>Monness, Crespi, Hardt &amp; Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.</p><p>Read: Apple is getting an earful over the AirPods Max's $549 price tag</p><p>\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.</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>Get ready for Apple's first $100 billion quarter in history</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\">\nGet ready for Apple's first $100 billion quarter in history\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-01-25 19:19</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone mark</p><p>Even a pandemic can't stop Apple Inc. from hitting new records.</p><p>The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.</p><p>Apple's <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analyst Katy Huberty.</p><p>Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.</p><p>Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .</p><p>Analysts expect record performance for the company's services category as well, though <a href=\"https://laohu8.com/S/AONE\">one</a> area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.</p><p>Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.</p><p>Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.</p><p>Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.</p><p>The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.</p><p>Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.</p><p>Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.</p><p>Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.</p><p>\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.</p><p>Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.</p><p>More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple</p><p>\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"</p><p>Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.</p><p>Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.</p><p>For more: Apple bear throws cold water on 'supercycle' story</p><p>\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .</p><p>Monness, Crespi, Hardt &amp; Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.</p><p>Read: Apple is getting an earful over the AirPods Max's $549 price tag</p><p>\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","03086":"华夏纳指","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105349950","content_text":"Apple earnings preview: Successful iPhone 12 holiday sales are expected to help drive record revenue above milestone markEven a pandemic can't stop Apple Inc. from hitting new records.The smartphone giant is expected to post its first-ever quarter with more than $100 billion in revenue Wednesday, driven by a strong early performance for its new iPhone 12 line as well as continued demand for Macs and iPads for remote work and school needs.Apple's $(AAPL)$ fiscal first-quarter results will be the first to include sales from the iPhone 12 family of devices, which began to roll out in October , in the view of Morgan Stanley analyst Katy Huberty.Customers seem to be increasingly opting for higher-priced iPhone models and more expensive storage configurations, which would boost the average selling price of devices and help the company's profit margin. Apple no longer provides unit-sales metrics that shed light on its average selling prices, but the company usually offers some qualitative comments about which devices are performing best.Apple has also seen strong sales of Macs and iPads amid the pandemic, with more people working and studying from home, and that momentum is expected to have continued into the fiscal first quarter. The company launched new iPads late last year as well as its first computers to feature the company's own custom chip .Analysts expect record performance for the company's services category as well, though one area may not hold up as well. Apple has done a good job of transitioning sales to its online store given the COVID-19 crisis, but it's \"overly reliant on in-store customer purchases\" to drive sales of its AppleCare insurance product, Huberty wrote.Earnings: Analysts tracked by FactSet expect that Apple earned $1.41 a share in the December quarter, up from $1.25 a year earlier. On Estimize, which crowdsources estimates from hedge funds, academics and others, the average projection calls for $1.45 a share.Revenue: The FactSet consensus models a record $102.54 billion in revenue for Apple's fiscal first quarter, up from $91.82 billion a year prior. The Estimize consensus is for $103.76 billion.Analysts tracked by FactSet model $59.58 billion in iPhone revenue for Apple, up from $55.96 billion a year earlier. Apple declined to give formal guidance for the quarter on the last earnings call, but Chief Financial Officer Luca Maestri said at the time to expect growth in iPhone revenue even though devices would begin shipping later in the quarter than they did a year prior.The FactSet consensus calls for $7.38 billion in Pad revenue, up from $5.98 billion; $8.63 billion in Mac revenue, up from $7.16 billion; $15.17 billion in services revenue, up from $12.72 billion; and $11.49 billion in revenue for the wearables, home, and accessories category, up from $10.01 billion.Stock movement: Apple shares have gained following three of the past five earnings reports, and the shares are up 72% over the past year as the Dow Jones Industrial Average , which counts Apple as a component, has gained 7%.Of the 41 analysts tracked by FactSet who cover Apple's stock, 28 have buy ratings, 10 have hold ratings and three have sell ratings, with an average price target of $132.71.Apple has declined to give a quantitative financial forecast in each of its last three earnings reports because of uncertainty related to the COVID-19 pandemic, and the trend will likely continue this quarter.\"Given lingering uncertainty, we expect Apple is more likely to provide 'guidelines' rather than 'guidance' for Q2,\" Bernstein analyst Toni Sacconaghi wrote in a note to clients. In addition to the many unknowns around the pandemic, Apple's late launch timing of the latest batch of iPhones means that the March quarter could be stronger than usual, since there were fewer iPhone 12 \"selling days\" leading up to it.Sacconaghi will also be watching for commentary on Apple's ongoing dispute with app developers led by Epic Games, which sued Apple and claimed that the company's App Store rules around in-app purchases are monopolistic. Apple lowered commission rates for smaller developers that make up the bulk of those on the App Store, even as these developers don't contribute too much to Apple's overall revenue from the platform.More on Apple and Epic: 'Fortnite' dispute might open floodgates to serious scrutiny of Apple\"We believe that Apple's decision to lower commissions was politically astute, allowing the company to portray itself as a promoter of small business, while also superficially addressing the complaint that its high app store fees are stifling competition and innovation,\" wrote Sacconaghi, who has a market perform rating and $120 price target on the stock. \"It remains to be seen if Apple will provide further commentary on this issue; that said, we continue to believe that the legal risk to App Store revenue is low.\"Morgan Stanley's Huberty is interested in the company's China momentum. She suspects that the company is benefiting from weakness at Huawei, citing data that suggest customers are switching from Huawei to Apple devices at the highest rate in 15 months. She has an overweight rating and $152 price target on the stock.Goldman Sachs analyst Rod Hall echoed the point about Huawei's challenges, though he's concerned \"that Apple has already begun cutting iPhone orders\" and that build orders for the first half of 2021 suggest a move toward models with lower average selling prices.For more: Apple bear throws cold water on 'supercycle' story\"These changes are consistent, in our opinion, with a normal iPhone redesign cycle but are not consistent with a supercycle,\" he wrote. \"As a result we continue to expect iPhone replacement rates to resume their ongoing decline in 2021.\" Hall has a sell rating and $85 target price on Apple shares .Monness, Crespi, Hardt & Co. analyst Brian White highlights several new products and services that Apple could shed light on during the quarterly call. During the December quarter, the company began selling its AirPods Max over-the-ear headphones and rolled out both a subscription fitness offering and a way to bundle service together for a discount.Read: Apple is getting an earful over the AirPods Max's $549 price tag\"In our view, Apple's portfolio was positioned better-than-ever heading into the recent holiday season, while product and service updates position Planet Apple well in 2021,\" he wrote. White has a buy rating and $144 price target on Apple shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314179184,"gmtCreate":1612325301248,"gmtModify":1704869748009,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314179184","repostId":"2108734055","repostType":4,"isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386042417,"gmtCreate":1613120733039,"gmtModify":1704878567250,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Hdfn","listText":"Hdfn","text":"Hdfn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386042417","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://ttm.financial/m/news/1179092967?lang=&edition=fundamental","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":389289778,"gmtCreate":1612777653694,"gmtModify":1704874046675,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!","listText":"!!","text":"!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/389289778","repostId":"1108268363","repostType":4,"isVote":1,"tweetType":1,"viewCount":275,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380447366,"gmtCreate":1612580940955,"gmtModify":1704873050832,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!!!","listText":"!!!","text":"!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380447366","repostId":"1152247545","repostType":4,"repost":{"id":"1152247545","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":1612512116,"share":"https://ttm.financial/m/news/1152247545?lang=&edition=fundamental","pubTime":"2021-02-05 16:01","market":"us","language":"en","title":"U.S. FDA gearing up for rapid review of potential COVID-19 booster shots","url":"https://stock-news.laohu8.com/highlight/detail?id=1152247545","media":"Reuters","summary":"(Reuters) - The U.S. Food and Drug Administration is planning a rapid review process for quick turna","content":"<p>(Reuters) - The U.S. Food and Drug Administration is planning a rapid review process for quick turnaround of new COVID-19 booster shots if variants of the coronavirus emerge against which the vaccines do not provide protection, the agency’s top official said on Thursday.</p>\n<p>Dr. Janet Woodcock, acting commissioner of the FDA, said that if new variants of the coronavirus emerge that require booster shots or changes to vaccines, the agency will not require the type of large trials that were required for emergency use authorization or approval.</p>\n<p>The agency plans to issue a proposal on the process for public comment in a few weeks, she said during a press briefing. That process will likely require safety information as well as, if possible, the convening of an outside committee of experts to review the booster shot.</p>\n<p>Both Pfizer Inc and German partner BioNTech SE as well as Moderna Inc, whose vaccines have been authorized for emergency use in the United States, have said they are preparing for the possibility that variants will emerge that could require a booster shot.</p>\n<p>The current vaccines still provide adequate protection against existing variants of concern, Woodcock said. A variant in the U.K. has been found to be more transmissible while some vaccines have been found to be less effective against variants that emerged in South Africa and Brazil.</p>\n<p>Settling on a regulatory process will help the FDA move quickly if needed, she said.</p>\n<p>“If the virus changes, we are getting prepared for that,” Woodcock said.</p>\n<p>The threshold for deciding on whether a new vaccine is needed has not yet been determined. Countries must build surveillance measures to find variants of concerns, and then scientists must agree upon at what point a variant has strayed too far from the unaltered virus and requires a new vaccine.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. FDA gearing up for rapid review of potential COVID-19 booster shots</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. FDA gearing up for rapid review of potential COVID-19 booster shots\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-05 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The U.S. Food and Drug Administration is planning a rapid review process for quick turnaround of new COVID-19 booster shots if variants of the coronavirus emerge against which the vaccines do not provide protection, the agency’s top official said on Thursday.</p>\n<p>Dr. Janet Woodcock, acting commissioner of the FDA, said that if new variants of the coronavirus emerge that require booster shots or changes to vaccines, the agency will not require the type of large trials that were required for emergency use authorization or approval.</p>\n<p>The agency plans to issue a proposal on the process for public comment in a few weeks, she said during a press briefing. That process will likely require safety information as well as, if possible, the convening of an outside committee of experts to review the booster shot.</p>\n<p>Both Pfizer Inc and German partner BioNTech SE as well as Moderna Inc, whose vaccines have been authorized for emergency use in the United States, have said they are preparing for the possibility that variants will emerge that could require a booster shot.</p>\n<p>The current vaccines still provide adequate protection against existing variants of concern, Woodcock said. A variant in the U.K. has been found to be more transmissible while some vaccines have been found to be less effective against variants that emerged in South Africa and Brazil.</p>\n<p>Settling on a regulatory process will help the FDA move quickly if needed, she said.</p>\n<p>“If the virus changes, we are getting prepared for that,” Woodcock said.</p>\n<p>The threshold for deciding on whether a new vaccine is needed has not yet been determined. Countries must build surveillance measures to find variants of concerns, and then scientists must agree upon at what point a variant has strayed too far from the unaltered virus and requires a new vaccine.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6e474d690ea02c536f0fd4c03fc3ddef","relate_stocks":{"PFE":"辉瑞"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152247545","content_text":"(Reuters) - The U.S. Food and Drug Administration is planning a rapid review process for quick turnaround of new COVID-19 booster shots if variants of the coronavirus emerge against which the vaccines do not provide protection, the agency’s top official said on Thursday.\nDr. Janet Woodcock, acting commissioner of the FDA, said that if new variants of the coronavirus emerge that require booster shots or changes to vaccines, the agency will not require the type of large trials that were required for emergency use authorization or approval.\nThe agency plans to issue a proposal on the process for public comment in a few weeks, she said during a press briefing. That process will likely require safety information as well as, if possible, the convening of an outside committee of experts to review the booster shot.\nBoth Pfizer Inc and German partner BioNTech SE as well as Moderna Inc, whose vaccines have been authorized for emergency use in the United States, have said they are preparing for the possibility that variants will emerge that could require a booster shot.\nThe current vaccines still provide adequate protection against existing variants of concern, Woodcock said. A variant in the U.K. has been found to be more transmissible while some vaccines have been found to be less effective against variants that emerged in South Africa and Brazil.\nSettling on a regulatory process will help the FDA move quickly if needed, she said.\n“If the virus changes, we are getting prepared for that,” Woodcock said.\nThe threshold for deciding on whether a new vaccine is needed has not yet been determined. Countries must build surveillance measures to find variants of concerns, and then scientists must agree upon at what point a variant has strayed too far from the unaltered virus and requires a new vaccine.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313644590,"gmtCreate":1611714374110,"gmtModify":1704862284722,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"!","listText":"!","text":"!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313644590","repostId":"2106476893","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319199245,"gmtCreate":1611545395387,"gmtModify":1704860600768,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319199245","repostId":"2106411186","repostType":4,"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310721931,"gmtCreate":1611378305923,"gmtModify":1704860134943,"author":{"id":"3567641319219408","authorId":"3567641319219408","name":"LeJundary","avatar":"https://community-static.tradeup.com/news/556ad83347c3b8efc20e4ab7470de465","crmLevel":8,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3567641319219408","authorIdStr":"3567641319219408"},"themes":[],"htmlText":"Wow this is dramatic","listText":"Wow this is dramatic","text":"Wow this is dramatic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310721931","repostId":"1106179554","repostType":4,"repost":{"id":"1106179554","pubTimestamp":1611309447,"share":"https://ttm.financial/m/news/1106179554?lang=&edition=fundamental","pubTime":"2021-01-22 17:57","market":"us","language":"en","title":"Apple Could Show Dramatic Fall In iPhone 12 Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=1106179554","media":"seekingalpha","summary":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature ","content":"<p><b>Summary</b></p>\n<ul>\n <li>The bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.</li>\n</ul>\n<ul>\n <li>Even if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.</li>\n</ul>\n<ul>\n <li>Apple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.</li>\n</ul>\n<ul>\n <li>A significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.</li>\n</ul>\n<p>Apple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.</p>\n<p>According to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.</p>\n<p><b>Importance of Bill of Materials</b></p>\n<p>The flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&amp;D expense and marketing costs that Apple has to bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5eb120e231572c55de63b9fd8f40ce5\" tg-width=\"822\" tg-height=\"404\"><span>Figure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research</span></p>\n<p>We can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.</p>\n<p><b>Impact on Margins</b></p>\n<p>Apple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.</p>\n<p>In addition to BoM, Apple’s R&amp;D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&amp;D compared to a decade back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95bcae5f57407febfd836a95f97026bd\" tg-width=\"1073\" tg-height=\"551\"><span>Figure 2: Apple's R&amp;D to Revenue expense has increased continuously over the past few years, squeezing the margins.</span></p>\n<p>This trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5600e70d2db88a215f8932bbbf00fb8\" tg-width=\"1077\" tg-height=\"551\"><span>Figure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.</span></p>\n<p>We can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.</p>\n<p>At the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.</p>\n<p>iPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.</p>\n<p>Apple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.</p>\n<p>With the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.</p>\n<p><b>Can We See a Correction in the Stock?</b></p>\n<p>This is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8fe5668a43f7874f4c2a823628a46bd\" tg-width=\"1077\" tg-height=\"559\"><span>Fig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.</span></p>\n<p>It is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.</p>\n<p>Given this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.</p>\n<p><b>Investor Takeaway</b></p>\n<p>The latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.</p>\n<p>Apple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.</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 Could Show Dramatic Fall In iPhone 12 Margins</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 Could Show Dramatic Fall In iPhone 12 Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 17:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall ...</p>\n\n<a href=\"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins\">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/4400322-apple-show-dramatic-fall-in-iphone-12-margins","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1106179554","content_text":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.\n\n\nApple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.\n\n\nA significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.\n\nApple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.\nAccording to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.\nImportance of Bill of Materials\nThe flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&D expense and marketing costs that Apple has to bear.\nFigure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research\nWe can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.\nImpact on Margins\nApple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.\nIn addition to BoM, Apple’s R&D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&D compared to a decade back.\nFigure 2: Apple's R&D to Revenue expense has increased continuously over the past few years, squeezing the margins.\nThis trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.\nFigure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.\nWe can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.\nAt the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.\niPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.\nApple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.\nWith the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.\nCan We See a Correction in the Stock?\nThis is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.\nFig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.\nIt is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.\nGiven this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.\nInvestor Takeaway\nThe latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.\nApple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}