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神也是人

神也是人

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2021-06-12

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S&P ekes out gains to close languid week

2021-06-15

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Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse

2021-06-12

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Inflation scare? Look at this chart before freaking out

2020-11-25

$Blink Charging(BLNK)$Go up!!

2021-06-17

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'Meme' stock prices may not properly reflect demand -NYSE president

2021-06-13

Ok

Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million

2021-02-17

$Taiwan Semiconductor Manufacturing(TSM)$yes. Go go go

2020-12-03

$Sundial Growers Inc.(SNDL)$Close above 0.80 pls. :)

2021-06-13

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Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public

2021-02-24

?

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2021-06-23

Great ariticle, would you like to share it?

@新美股探:$Taiwan Semiconductor Manufacturing(TSM)$6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 "積極的"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 $Apple(AAPL)$iPhone 13的晶片供應充足。

2021-06-16

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Stocks end lower, S&P 500 snaps record-breaking streak

2021-06-15

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BRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft

2021-06-15

Hmm

AMC Shorts Get Smoked Again And Options Traders Hammer Calls

2021-06-15

Good info.

ARK: Cathie Wood And The Exquisite Art Of Tail Gunning

2021-06-15

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Sorry, the original content has been removed

2021-06-12

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Brazil looks at extending expiry date of J&J COVID vaccines

2021-06-09

$S&P500 ETF(SPY)$?

2021-05-31

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Palantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?

2021-05-31

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Dow 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123785598","repostId":"123365486","repostType":1,"repost":{"id":123365486,"gmtCreate":1624409641545,"gmtModify":1703835740245,"author":{"id":"3556362660126855","authorId":"3556362660126855","name":"新美股探","avatar":"https://static.tigerbbs.com/5cf8396ffc78dd71d3642ef334d33b60","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3556362660126855","authorIdStr":"3556362660126855"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 <a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>iPhone 13的晶片供應充足。","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 <a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>iPhone 13的晶片供應充足。","text":"$Taiwan Semiconductor Manufacturing(TSM)$6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 $Apple(AAPL)$iPhone 13的晶片供應充足。","images":[{"img":"https://static.tigerbbs.com/561d8c3e6ee022f488adecce21817dd7","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123365486","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163526579,"gmtCreate":1623889501391,"gmtModify":1703822503010,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163526579","repostId":"2144289713","repostType":2,"repost":{"id":"2144289713","kind":"news","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":1623886004,"share":"https://ttm.financial/m/news/2144289713?lang=&edition=fundamental","pubTime":"2021-06-17 07:26","market":"us","language":"en","title":"'Meme' stock prices may not properly reflect demand -NYSE president","url":"https://stock-news.laohu8.com/highlight/detail?id=2144289713","media":"Reuters","summary":"NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of tr","content":"<p>NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.</p>\n<p>\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.</p>\n<p>Shares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.</p>\n<p>\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.</p>\n<p>\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.</p>\n<p>Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.</p>\n<p>In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.</p>\n<p>The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.</p>\n<p>Retail brokers say payment for order flow lowers overall costs for individual traders.</p>\n<p>But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.</p>\n<p>The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Meme' stock prices may not properly reflect demand -NYSE president</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'Meme' stock prices may not properly reflect demand -NYSE president\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 07:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.</p>\n<p>\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.</p>\n<p>Shares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.</p>\n<p>\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.</p>\n<p>\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.</p>\n<p>Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.</p>\n<p>In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.</p>\n<p>The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.</p>\n<p>Retail brokers say payment for order flow lowers overall costs for individual traders.</p>\n<p>But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.</p>\n<p>The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AMC":"AMC院线","GME":"游戏驿站",".DJI":"道琼斯","BB":"黑莓",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144289713","content_text":"NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.\n\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.\nShares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.\n\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.\n\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.\nRetail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.\nIn meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.\nThe majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.\nRetail brokers say payment for order flow lowers overall costs for individual traders.\nBut the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.\nThe review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160644083,"gmtCreate":1623797908742,"gmtModify":1703819495202,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160644083","repostId":"2143768049","repostType":2,"repost":{"id":"2143768049","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623788760,"share":"https://ttm.financial/m/news/2143768049?lang=&edition=fundamental","pubTime":"2021-06-16 04:26","market":"hk","language":"en","title":"Stocks end lower, S&P 500 snaps record-breaking streak","url":"https://stock-news.laohu8.com/highlight/detail?id=2143768049","media":"Dow Jones","summary":"MW Stocks end lower, S&P 500 snaps record-breaking streak\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stocks end lower, S&amp;P 500 snaps record-breaking streak\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 15, 2021 16:26 ET (20:26 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks end lower, S&P 500 snaps record-breaking streak</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; 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Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","OEX":"标普100","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143768049","content_text":"MW Stocks end lower, S&P 500 snaps record-breaking streak\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 15, 2021 16:26 ET (20:26 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187674718,"gmtCreate":1623753927734,"gmtModify":1704210578591,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187674718","repostId":"2143975511","repostType":2,"repost":{"id":"2143975511","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623752823,"share":"https://ttm.financial/m/news/2143975511?lang=&edition=fundamental","pubTime":"2021-06-15 18:27","market":"fut","language":"en","title":"BRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft","url":"https://stock-news.laohu8.com/highlight/detail?id=2143975511","media":"Reuters","summary":"June 15 (Reuters) - Repsol SA   :   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA","content":"<html><body><p>June 15 (Reuters) - <a href=\"https://laohu8.com/S/RPSOF\">Repsol SA</a>   :</p><p>   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> CONSORTIUM IN SPAIN</p><p>   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS</p><p>   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC)</p><p> Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft</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\">\nBRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-15 18:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>June 15 (Reuters) - <a href=\"https://laohu8.com/S/RPSOF\">Repsol SA</a>   :</p><p>   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> CONSORTIUM IN SPAIN</p><p>   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS</p><p>   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC)</p><p> Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143975511","content_text":"June 15 (Reuters) - Repsol SA   :   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE $(AI)$ CONSORTIUM IN SPAIN   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC) Further company coverage:    (Gdansk Newsroom)((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187678022,"gmtCreate":1623753767566,"gmtModify":1704210571806,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/187678022","repostId":"1142697857","repostType":2,"repost":{"id":"1142697857","kind":"news","pubTimestamp":1623752468,"share":"https://ttm.financial/m/news/1142697857?lang=&edition=fundamental","pubTime":"2021-06-15 18:21","market":"us","language":"en","title":"Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse","url":"https://stock-news.laohu8.com/highlight/detail?id=1142697857","media":"Bloomberg","summary":"Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on","content":"<ul>\n <li>Fed wants to normalize relations with Congress, markets</li>\n <li>Policy makers may begin months-long talks on taper Tuesday</li>\n</ul>\n<p>The Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.</p>\n<p>After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meeting that kicks off on Tuesday.</p>\n<p>Even so, actual steps in that direction by Chair Jerome Powell and his colleagues are likely still months off.</p>\n<p>Weaning Wall Street and Washington off the Fed’s extraordinary largesse won’t be easy. Since Covid-19 struck the U.S. in March 2020, the central bank has brought more than $2.5 trillion of U.S. Treasury debt, effectively covering more than half of the federal government’s red ink over that time.</p>\n<p><img src=\"https://static.tigerbbs.com/f845f5d5fa4baccad7e30207df549d71\" tg-width=\"620\" tg-height=\"348\">That buying -- together with about $870 billion in purchases of mortgage-backed securities -- has flooded the financial markets with liquidity, contributing to a doubling of the stock market from its pandemic low.</p>\n<p>“It will be like crawling along a knife-edge ridge,” former Bank of England policy maker Charles Goodhart said of the task facing the Fed. “If you do too little you’ll find inflation will just go on accelerating. If you do too much you get into a financial crisis and a recession.”</p>\n<p>Fed officials have said they want to see “substantial further progress” toward their goals of maximum employment and average 2% inflation before reducing current asset purchases of $120 billion per month. None are suggesting that they’re close to achieving that, though some have pressed for discussions to begin on a plan for tapering that buying.</p>\n<p>As Powell has pointed out more than once, payrolls are still substantially below where they were pre-pandemic -- some 7.6 million jobs short, according to the May employment report. And while inflation recently has proven surprisingly rapid -- consumer prices climbed 5% in May from a year earlier -- Powell and other Fed officials have argued that the rise is mostly transitory, the result of temporary bottlenecks as the economy reopens and low readings a year ago when it shut down.</p>\n<p><b>Price Pressures Heat Up</b></p>\n<p>U.S. core and headline inflation both increased more than forecast in May</p>\n<p><img src=\"https://static.tigerbbs.com/320b6b6419ac9bcbe999007f7786196f\" tg-width=\"643\" tg-height=\"330\">“Why would the Fed try to fix bottleneck-driven inflation by signaling earlier rate hikes and hitting demand?” Julia Coronado, president of MacroPolicy Perspectives, asked in a June 14 tweet.</p>\n<p>Instead, after years of falling short of their inflation goal, policy makers will “err on the side of patience” in scaling back stimulus, said former Fed official David Wilcox, who is now at the Peterson Institute for International Economics.</p>\n<p>Powell’s past and potential future also argue for patience. As a Fed governor in 2013, he was among those pushing then-Chairman Ben Bernanke to roll back quantitative easing, only to see the financial markets throw a “taper tantrum” at the mere suggestion such a policy shift was coming.</p>\n<p>With his own term as Fed chair up next February, Powell has an extra incentive to avoid a repeat of such turbulence.</p>\n<p>“While the Fed is an independent institution, its leadership, up for reappointment next year, could not totally ignore the dim view the administration and Democratic Congress would take toward a shift to a more pre-emptive policy stance,” Deutsche Bank chief economist David Folkerts-Landau and colleagues wrote in a June 7 report.</p>\n<p>Some three-quarters of economists surveyed by Bloomberg last week said they expect the Fed to announce between August and year-end that it will begin paring its purchases, with one-third forecasting it won’t fire the starting gun until December.</p>\n<p>It’s not just the timing of the taper that’s up for discussion. So too are its composition and pace.</p>\n<p>The Fed has faced criticism from within and outside the organization for continuing to buy $40 billion of mortgage-backed securities per month while house prices are surging. Vice Chair Randal Quarles said last month that the Fed would “certainly” look at that issue in the context of its taper discussions.</p>\n<p><b>Steady Pace</b></p>\n<p>The last time the Fed wound up a quantitative easing program, in 2014, it shrank its asset purchases at a steady pace.</p>\n<p>“Investors may be lulled into a false sense of security by that experience,” former Fed official William English told a June 8 Deutsche Bank webinar. Given all the uncertainty surrounding the post pandemic economy, “it’s not necessarily going to be the case that the Fed is going to taper in steady steps.”</p>\n<p>Much may depend on the financial markets. American Enterprise Institute resident fellow Desmond Lachman said the ultra-easy monetary policy being pursued by the Fed and other major central banks has led to an “everything asset price bubble,” with stock, credit and housing markets all frothy.</p>\n<p>“The chance of the bubble bursting is all the greater if the Fed is behind the curve,” he said.</p>\n<p>English, who is now at the Yale School of Management, said it’s going to be politically hard for the Fed to wind up its asset purchases and increase interest rates because that will boost the government’s borrowing costs.</p>\n<p>“The Fed is going to come under a lot of criticism for raising rates and making budget choices for the Congress considerably tougher,” he said, adding, “At some level, the Fed needs to both normalize policy but also normalize its relationship with the government.”</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>Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 18:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on taper Tuesday\n\nThe Federal Reserve is inching toward the start of a long road to normalizing its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142697857","content_text":"Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on taper Tuesday\n\nThe Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.\nAfter spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meeting that kicks off on Tuesday.\nEven so, actual steps in that direction by Chair Jerome Powell and his colleagues are likely still months off.\nWeaning Wall Street and Washington off the Fed’s extraordinary largesse won’t be easy. Since Covid-19 struck the U.S. in March 2020, the central bank has brought more than $2.5 trillion of U.S. Treasury debt, effectively covering more than half of the federal government’s red ink over that time.\nThat buying -- together with about $870 billion in purchases of mortgage-backed securities -- has flooded the financial markets with liquidity, contributing to a doubling of the stock market from its pandemic low.\n“It will be like crawling along a knife-edge ridge,” former Bank of England policy maker Charles Goodhart said of the task facing the Fed. “If you do too little you’ll find inflation will just go on accelerating. If you do too much you get into a financial crisis and a recession.”\nFed officials have said they want to see “substantial further progress” toward their goals of maximum employment and average 2% inflation before reducing current asset purchases of $120 billion per month. None are suggesting that they’re close to achieving that, though some have pressed for discussions to begin on a plan for tapering that buying.\nAs Powell has pointed out more than once, payrolls are still substantially below where they were pre-pandemic -- some 7.6 million jobs short, according to the May employment report. And while inflation recently has proven surprisingly rapid -- consumer prices climbed 5% in May from a year earlier -- Powell and other Fed officials have argued that the rise is mostly transitory, the result of temporary bottlenecks as the economy reopens and low readings a year ago when it shut down.\nPrice Pressures Heat Up\nU.S. core and headline inflation both increased more than forecast in May\n“Why would the Fed try to fix bottleneck-driven inflation by signaling earlier rate hikes and hitting demand?” Julia Coronado, president of MacroPolicy Perspectives, asked in a June 14 tweet.\nInstead, after years of falling short of their inflation goal, policy makers will “err on the side of patience” in scaling back stimulus, said former Fed official David Wilcox, who is now at the Peterson Institute for International Economics.\nPowell’s past and potential future also argue for patience. As a Fed governor in 2013, he was among those pushing then-Chairman Ben Bernanke to roll back quantitative easing, only to see the financial markets throw a “taper tantrum” at the mere suggestion such a policy shift was coming.\nWith his own term as Fed chair up next February, Powell has an extra incentive to avoid a repeat of such turbulence.\n“While the Fed is an independent institution, its leadership, up for reappointment next year, could not totally ignore the dim view the administration and Democratic Congress would take toward a shift to a more pre-emptive policy stance,” Deutsche Bank chief economist David Folkerts-Landau and colleagues wrote in a June 7 report.\nSome three-quarters of economists surveyed by Bloomberg last week said they expect the Fed to announce between August and year-end that it will begin paring its purchases, with one-third forecasting it won’t fire the starting gun until December.\nIt’s not just the timing of the taper that’s up for discussion. So too are its composition and pace.\nThe Fed has faced criticism from within and outside the organization for continuing to buy $40 billion of mortgage-backed securities per month while house prices are surging. Vice Chair Randal Quarles said last month that the Fed would “certainly” look at that issue in the context of its taper discussions.\nSteady Pace\nThe last time the Fed wound up a quantitative easing program, in 2014, it shrank its asset purchases at a steady pace.\n“Investors may be lulled into a false sense of security by that experience,” former Fed official William English told a June 8 Deutsche Bank webinar. Given all the uncertainty surrounding the post pandemic economy, “it’s not necessarily going to be the case that the Fed is going to taper in steady steps.”\nMuch may depend on the financial markets. American Enterprise Institute resident fellow Desmond Lachman said the ultra-easy monetary policy being pursued by the Fed and other major central banks has led to an “everything asset price bubble,” with stock, credit and housing markets all frothy.\n“The chance of the bubble bursting is all the greater if the Fed is behind the curve,” he said.\nEnglish, who is now at the Yale School of Management, said it’s going to be politically hard for the Fed to wind up its asset purchases and increase interest rates because that will boost the government’s borrowing costs.\n“The Fed is going to come under a lot of criticism for raising rates and making budget choices for the Congress considerably tougher,” he said, adding, “At some level, the Fed needs to both normalize policy but also normalize its relationship with the government.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187673944,"gmtCreate":1623753717488,"gmtModify":1704210570189,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187673944","repostId":"1156506261","repostType":2,"repost":{"id":"1156506261","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623726665,"share":"https://ttm.financial/m/news/1156506261?lang=&edition=fundamental","pubTime":"2021-06-15 11:11","market":"us","language":"en","title":"AMC Shorts Get Smoked Again And Options Traders Hammer Calls","url":"https://stock-news.laohu8.com/highlight/detail?id=1156506261","media":"Benzinga","summary":"AMC Entertainment Holdings, Inc. was trading up 22%, at one point, Monday afternoon amid continued r","content":"<p><b>AMC Entertainment Holdings, Inc.</b>&nbsp;was trading up 22%, at one point, Monday afternoon amid continued&nbsp;retail interest&nbsp;in squeezing institutions and hedge funds who have short positions on the stock.</p>\n<p>Between May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.</p>\n<p>Bullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.</p>\n<p><b>Why It’s Important:</b>When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.</p>\n<p>These types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.</p>\n<p><b>The AMC Entertainment Option Trades:</b>Below is a look at the notable options alerts, courtesy ofBenzinga Pro:</p>\n<ul>\n <li>At 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.</li>\n <li>At 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.</li>\n <li>At 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.</li>\n <li>At 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.</li>\n <li>At 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.</li>\n <li>At 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.</li>\n <li>At 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.</li>\n</ul>\n<p><b>AMC Price Action:</b>Shares of AMC Entertainment closed up 15.38% to $57.</p>\n<p></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>AMC Shorts Get Smoked Again And Options Traders Hammer Calls</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\">\nAMC Shorts Get Smoked Again And Options Traders Hammer Calls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-15 11:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>AMC Entertainment Holdings, Inc.</b>&nbsp;was trading up 22%, at one point, Monday afternoon amid continued&nbsp;retail interest&nbsp;in squeezing institutions and hedge funds who have short positions on the stock.</p>\n<p>Between May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.</p>\n<p>Bullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.</p>\n<p><b>Why It’s Important:</b>When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.</p>\n<p>These types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.</p>\n<p><b>The AMC Entertainment Option Trades:</b>Below is a look at the notable options alerts, courtesy ofBenzinga Pro:</p>\n<ul>\n <li>At 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.</li>\n <li>At 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.</li>\n <li>At 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.</li>\n <li>At 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.</li>\n <li>At 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.</li>\n <li>At 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.</li>\n <li>At 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.</li>\n</ul>\n<p><b>AMC Price Action:</b>Shares of AMC Entertainment closed up 15.38% to $57.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156506261","content_text":"AMC Entertainment Holdings, Inc. was trading up 22%, at one point, Monday afternoon amid continued retail interest in squeezing institutions and hedge funds who have short positions on the stock.\nBetween May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.\nBullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.\nWhy It’s Important:When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.\nThese types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.\nThe AMC Entertainment Option Trades:Below is a look at the notable options alerts, courtesy ofBenzinga Pro:\n\nAt 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.\nAt 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.\nAt 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.\nAt 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.\nAt 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.\nAt 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.\nAt 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.\nAt 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.\nAt 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.\nAt 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.\nAt 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.\n\nAMC Price Action:Shares of AMC Entertainment closed up 15.38% to $57.","news_type":1},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187670258,"gmtCreate":1623753674474,"gmtModify":1704210567932,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Good info.","listText":"Good info.","text":"Good info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187670258","repostId":"1164323104","repostType":2,"repost":{"id":"1164323104","kind":"news","pubTimestamp":1623726988,"share":"https://ttm.financial/m/news/1164323104?lang=&edition=fundamental","pubTime":"2021-06-15 11:16","market":"us","language":"en","title":"ARK: Cathie Wood And The Exquisite Art Of Tail Gunning","url":"https://stock-news.laohu8.com/highlight/detail?id=1164323104","media":"seekingalpha","summary":"Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are ","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARK Active ETFs are worth the management fee.</li>\n <li>Structured Lookback is introduced.</li>\n <li>Tails are shown to have a logical structure and consistent patterns.</li>\n <li>The concepts of Simultaneity and Sequentiality are introduced.</li>\n <li>CO/OC directional differences are important indicators that are much more useful than two-dimensional measures like standard deviation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1271b2416859ceba7776d3cb65f490c\" tg-width=\"768\" tg-height=\"512\"><span>phongphan5922/iStock via Getty Images</span></p>\n<p><b>The Legend of Cathie Wood and Ark Active</b></p>\n<blockquote>\n Beatrix Kiddo: I am proficient in Tiger Crane style and more than proficient in the exquisite art of the samurai sword.\n</blockquote>\n<blockquote>\n <b>Kill Bill Vol 2 - The Cruel Tutelage of Pai Mei</b>\n</blockquote>\n<p>There is no question that Cathie Wood will be elected to the Stock Picker Hall of Fame on the first year of eligibility. The last person achieving that honor was Peter Lynch.</p>\n<p>Ark Active ETFs weren't really on my radar until after&nbsp;Trading Edge&nbsp;was published on June 1. At some point, I planned to make that article more about equity groups instead of ETFs, specifically biotech. Eventually the plan changed because that seemed premature.</p>\n<p>Another reason for my lack of attention is that I usually look for issues with at least 1500 days of price history and the four horsemen of Ark Active passed that milestone less than 200 trade days ago.</p>\n<p>Some commentators have mentioned recent negative return issues with&nbsp;ARKG, noting that the natives are getting restless. The first argument has some merit and touches on technical details that will affect the entire market. But, call me a romantic, I'm OK with cutting ARK a little slack here.</p>\n<p><b>Tail Gunning</b></p>\n<p><b>Tail</b>&nbsp;is a statistical term related to&nbsp;<b>data distribution</b>. When data points are plotted, a&nbsp;<b>bell shaped curve</b>&nbsp;forms and the unusual results on either side of the curve are the tails. If the distribution is consistent with the ideal bell pattern, it is considered normal. Results of many coin flips produce a<b>normal distribution</b>, stock returns do not.</p>\n<p>This implies that&nbsp;<b>probabilities</b>&nbsp;based on normal distributions are accurate while non-normal distribution probabilities are not. This is a serious problem for the academic discipline of Finance as not understanding probabilities suggests that it cannot offer a practical methodology to mitigate&nbsp;<b>risk</b>.</p>\n<p>In this article, I will try to show that Ark Active returns are highly dependent on exploiting extreme tail activity. Hence the term&nbsp;<b>tail gunning</b>. Surprisingly, tail activity is more structured than one might initially think, so this may have some theoretical importance.</p>\n<p>ARK Active has been quite good over many years at staying on the wild side.</p>\n<p><b>The Legend of Data Manipulation</b></p>\n<p>Modern stock exchanges and casinos both appeared in the first part of the 17th century, not long after the modern rules of chess were established. Academic disciplines relevant to understanding these innovations such as calculus, linear algebra, statistics, quantum mechanics etc. slowly developed over the next 400 years.</p>\n<p>The revolutionary implications of data science have not yet been fully appreciated. Practical skill in data manipulation more than compensates for lack of formal academic knowledge in any of the other disciplines. A goal of my work is to demonstrate the soundness of this view.</p>\n<p>A trained practitioner of statistical finance won't approach the stock return problem through data manipulation. No doubt, data manipulation is my hammer, so everything else looks like a nail.</p>\n<p>Major weaknesses in the academic understanding of stuff in general include:</p>\n<ul>\n <li>Time</li>\n <li>High dimensionality</li>\n</ul>\n<p>Volatility is a function of time, claims by some financial sages that they understand volatility are prima facie absurd. Academic deficiencies can be exploited by competent users of computer power.</p>\n<p>In this article, I'll discuss how to set up and analyze market data, with attention given to the superb performance of the ARK Active ETFs.</p>\n<p><b>Price History Data</b></p>\n<p><img src=\"https://static.tigerbbs.com/d90c98591d40fa964b5d072099898d37\" tg-width=\"466\" tg-height=\"296\" referrerpolicy=\"no-referrer\"></p>\n<p>The analysis presented here, only considers the date, open and close. Financial statisticians generally consider daily open, high, and low numbers to be noise. Essentially, that is an admission of the limitations of their analytical framework.</p>\n<p>Looking at one stock at a time is wrong on many different levels. It is absolutely critical to examine groups of stocks.</p>\n<p>A mechanism is needed to produce historical daily prices for many different stocks. Prices must be adjusted for dividends and splits. The data should be stored in Excel csv workbooks where the workbook and worksheet names are the stock symbol.</p>\n<p>Databases are inappropriate for historical price analysis. Rebuilding the data at least daily from scratch is quick and eliminates many possible points of failure.</p>\n<p>It is best to solve the data problem by paying for a reliable delivery method like Norgate. Everyone who does this type of work, initially spends a lot of time figuring out how to get prices for free. I did that for about 15 years. It is good to build up the skill and understanding, but eventually the cost of inefficient use of time is substantial.</p>\n<p><b>Data Transformation - Natural Log Returns</b></p>\n<p><img src=\"https://static.tigerbbs.com/fe2b70f7a667237e2fde7818ec22248f\" tg-width=\"515\" tg-height=\"239\" referrerpolicy=\"no-referrer\"></p>\n<p>The per share price of a stock has absolutely no rational analytical relevance, assuming the investor has at least enough money to buy one share.</p>\n<p>The human mind can deal with a limited number of things at once, and with stock groups, price is too much detail. Data transformation is a methodology to remove that complexity. Here, daily prices are transformed to a return stream. That makes it easy to analyze even large groups of equities.</p>\n<p>Natural logs are the correct way to store a return stream, unless you are in a contest to find an inferior solution.</p>\n<p>The simple calculations below need to be done for each date for each stock in the group being analyzed. It only takes a few minutes on an 8th generation i7 Windows PC to do this for hundreds of stocks containing thousands of days of price history.</p>\n<p>Using 3/16 in the table above as an example:</p>\n<ul>\n <li><b>CC</b>(Close to Close) = natural log of 3/16 Close / 3/15 Close = nl(394.62/395.12) = -0.0013.</li>\n <li><b>CO</b>(Close to Open) = natural log of 3/16 Open / 3/15 Close = nl(395.77/395.12) = 0.0017.</li>\n <li><b>OC</b>(Open to Close) = natural log of 3/16 Close / 3/16 Open = nl(394.62/395.77) = -0.0029.</li>\n</ul>\n<p>The bCC/bCO/bOC columns are binary answers to the question of whether the excursion was positive (1 = positive 0 = not positive). It is quite useful to answer questions before they are asked. This same technique is used to encode strategies into a return stream.</p>\n<p>I specialize in low level stuff. For example, with the binary codes:</p>\n<ul>\n <li>If bCO = 1 and bOC = 1 Then bCC = 1</li>\n <li>If bCO = 0 and bOC = 0 Then bCC = 0</li>\n <li>otherwise, you have to check bCC.</li>\n</ul>\n<p>Probably, most people wouldn't spend months analyzing the implications of that. I'm making good progress but still not finished. xSig, discussed below is related to that analysis. The issue is that if bCC = 4, bCO = 2, and bOC = 1 to create an Octal number; 3 and 4 can't happen.</p>\n<p><b>1,400-Day Structured Lookback</b></p>\n<p><img src=\"https://static.tigerbbs.com/6a9152d4c32880ea9b67cfcfba92a528\" tg-width=\"640\" tg-height=\"451\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/816a4f84749432ed63cad49e9629fea1\" tg-width=\"640\" tg-height=\"440\" referrerpolicy=\"no-referrer\"><b>CC1400 = CO1400 + OC1400</b></p>\n<p><b>$CC1400 = $CO1400 * $OC1400</b></p>\n<p>In my&nbsp;Trading Edge article, CC1400 was called tCC.</p>\n<p><b>CO/OC Imbalance</b></p>\n<p>The CO state is clearly dominant over OC. Trading Edge even suggested this may be a permanent market feature. It is somewhat heretical to even whisper of such things. If someone refutes that, I promise not to get mad.</p>\n<p>Trading Edge considered the 3x Bulls to be the most obvious way to exploit the CO edge. ARK Active smokes the leveraged financially engineered abominations.</p>\n<p><b>Structured Lookback Design</b></p>\n<p><img src=\"https://static.tigerbbs.com/3619120948d5766322b4336d698d190f\" tg-width=\"428\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p>\n<p>I introduced date yrmolation as a concept in my&nbsp;Kabbalah articlein January. Perhaps structured lookback is a better term, if only because it has more vowels. The idea is to provide a logical methodology for creating segments of sequential time.</p>\n<p>The day is the standard market unit of time. The traditional day/week/month/year construct does not get us closer to a suitable lookback solution, and mostly just confuses the issue. Generally, one doesn't solve a problem by adding needless complexity.</p>\n<p>Every total time frame of&nbsp;<b>n days</b>, is broken into 3 consecutive periods. The first period is 1/7 the total period, the second 2/7, and the third 4/7. I worked on this backwards of course, so:</p>\n<ul>\n <li>x[1] = 200</li>\n <li>x[2] = x[1] * 2 = 400</li>\n <li>x[3] = x[1] * 4 = 800</li>\n <li>x[0] = Total days = 200 + 400 + 800 = 1400</li>\n</ul>\n<p>Another time concept is iteration. The study is labeled 200i0. i0 means iteration 0. An i1 study implies the 1400 days before 11/13/15.</p>\n<p><b>xSig logic.</b>There are three hex codes after the x. The bit values go:</p>\n<ul>\n <li>8 = xx1400</li>\n <li>4 = xx200</li>\n <li>2 = xx400</li>\n <li>1 = xx800</li>\n</ul>\n<p>xFF2 appears most often in the table. This means:</p>\n<ul>\n <li>First/F - All structured CC periods have positive returns.</li>\n <li>Second/F - All Structured CO periods have positive returns.</li>\n <li>Third/2 - All OC periods except OC400 have losses.</li>\n</ul>\n<p><b>Win Rate</b></p>\n<p>This is another critically important metric that virtually nobody looks at. In the table, the differences between CO and OC win rates are stunning.</p>\n<p><b>400-Day Segment Detail</b></p>\n<p><img src=\"https://static.tigerbbs.com/7299f454e25cd1b7c76e9270ba0d7555\" tg-width=\"640\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p>\n<p>The 400-day segment showed the best numbers for OC so it is worth looking at. All four of the time segments display simultaneously on an HD monitor; the challenge writing about them is mostly how to cut up the information for the article format. The win percentages for OC are notably higher than those seen on the 1400 day study. ARKW performs respectably here, both CO and OC, but even in the best OC environment, with the most favorable ETF, CO is not worse.</p>\n<p><b>ARKG</b></p>\n<p>ARKG performs better CO than any of the 3x Bulls CC or CO. ARK win rates are all at least 62% CO, much better than the bulls. Win rates OC are much worse. Obviously, with the strategy of playing CO, ideally we want to see all positive returns during CO and all the negative returns during OC.</p>\n<p><b>Performance Graphs</b></p>\n<blockquote>\n <img src=\"https://static.tigerbbs.com/62164faed041f049e43de95eae97d7f8\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\">Sam: I never walk into a place I don't know how to walk out of.\n</blockquote>\n<blockquote>\n <b>Ronin</b>\n</blockquote>\n<p>I can see how the recent sharp excursion down to about the 38.2 fib line might freak out some of the CC players, especially those who bought near the top. Personally, I'm afraid of parabolic heights, so it is difficult for me to visualize the thought process of the players who were buying at triple digits. Guess that is why I'll never be rich.</p>\n<p>After detailed poring over the entrails and consulting entities whose names are best left unspoken, I think holding any of the ARK Active puppies CO is worth serious consideration.</p>\n<p>I was really impressed by ARK's stock selection results and watched a recent interview of Cathie, where she was confident of the funds performing at the historical pace. Needless to say, I've been curious if she knows about the CO/OC imbalance where a CO player could theoretically beat buy and hold by about a factor of 10.</p>\n<p><b>Finding Biotech Tail</b></p>\n<p>Virtually all Biotechs are part of the tail when considered with the stock universe, so all one needs is a list of suitable candidates.</p>\n<p>Biotech and Semiconductors are the two industries with the most favorable positive CO vs OC characteristics based on my research. Energy is also quite good, but I haven't looked at that sector closely. Small caps are also consistently favorable.</p>\n<p>Biotech is a bit more persistent and obvious. An ETF performs at some sort of median to the characteristics of the group it is composed of, but ETF numbers pretty much precisely reflect the characteristics of the entire group.</p>\n<p>81 biotech stocks with average daily volume greater than 300K, and current price greater than $10 were assembled. The top stocks in CC, CO, and OC will be shown below:</p>\n<p><b>Top Biotech CC</b><img src=\"https://static.tigerbbs.com/d841bf3f146ef20a3b33e5907560506f\" tg-width=\"640\" tg-height=\"398\" referrerpolicy=\"no-referrer\"><b>Top BioTech CO</b><img src=\"https://static.tigerbbs.com/75d42024dd22967d2389f0bff6f5051b\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"><b>Top Biotech OC and Median</b></p>\n<p><img src=\"https://static.tigerbbs.com/71d670bb51438ece3d1e0ea1af330418\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p>These are just overwhelming numbers arguing for CO. A random pick in this universe is much more likely to be profitable CO than anywhere else and that profit is much more likely to exceed CC. The win rates are lower than seen in most sectors. In general, this type of analysis is a fertile avenue for research.</p>\n<p><b>CO/OC or Standard Deviation</b></p>\n<p>The tendency of stocks to move in opposite directions CO and OC can be measured as has been shown here. These movements appear to be quite persistent and consistent in direction over time. The investor gains important and usable information by studying these structures, as opposed to standard deviation.</p>\n<p>Standard deviation only measures CC and ignores violent movements during the day. A year is usually considered the proper standard deviation sample, mostly because any other length is equally worthless.</p>\n<p><b>Recent Action</b></p>\n<p>CO has not been a great performer lately. I've been noting that on my website since at least March I think. The more interesting thing is watching things unfold with a decent toolset and trying to figure out what is happening.</p>\n<p><b>252-Day Structured Lookback</b></p>\n<p><img src=\"https://static.tigerbbs.com/8d0b19158fd2c03a403a0b4e050337e5\" tg-width=\"640\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>\n<p>I'll stick with natural log results only in this pass. A natural log of 0.69 is doubling your money. 0.72 for ARKG is CV$1 2.06. All of the puppies at least tripled CO except for ARKW. Not bad for a year. Note the CO win rate.</p>\n<p>xSig is weaker than long term as xFF is no longer showing. As time ranges get longer, xFF gets more common.</p>\n<p><img src=\"https://static.tigerbbs.com/56d55c932d2bf44bdbc6453973b0deca\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>I guess the CC players got annoyed that things were better at this end point than 6/11/21. CO win rates are about the best I've ever seen.</p>\n<p><img src=\"https://static.tigerbbs.com/8545852036c8982dbfe9b43f7a5cbadb\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>Win rates seriously dropped from the 144 day segment. The Biotech correction started February 9th.</p>\n<p><img src=\"https://static.tigerbbs.com/b8a78565860d28888443a05446a954fc\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The ARKG pattern starts with a double top. LABU and XBI made a single top, with a nice dark cloud cover candle that worked out for a change. In some parallel universes, they always work.</p>\n<p><img src=\"https://static.tigerbbs.com/05104399c4fdd23a584cf50f2b0c17f1\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The black candles show the day traders getting slapped. No big deal for CO players. I'm happy I wasn't playing these guys during this period; no question I would have botched things up.</p>\n<p><img src=\"https://static.tigerbbs.com/6ae737de17a78652910a1d3026bcb38c\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>The 36-day shows weakness coming into CO and a little strength in OC at least for ARKG. Note the two winning percentages are the same. This is less trivial than it appears as that situation also exists in the Biotechs.</p>\n<p><img src=\"https://static.tigerbbs.com/149ae96de3fe3e9bae8c62f9d00080d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/0dcc46d54a59d3ac1078bb04cdefaac4\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The recent low at 72.87 was not only the important ludicrously long term 38.2 fib line but the 52 week moving average, and on the other side of the chasm there is obvious support around 72. I don't see how that can be arranged to spell sell. Note the pop we are seeing off the low is coming on OC strength.</p>\n<p>The plain meaning of the weekly chart is bullish: Heat sensitive longs from the congestion period, put stops in below the 52 week SMA that were triggered during the week of May 10. That is shown by the head fake and bottoming tail. Even a retest of the low would probably not be too bad, but hopefully that won't part of the near term conversation. The poke above the 13-week SMA is encouraging, a move above 93 doesn't seem excessively optimistic.</p>\n<p>Is The 252-Day Structured Lookback Kosher?</p>\n<p>252 market days is as close to an exact calendar year as you can get. 252 / 7 = 36. Therefore we can say that a market year is divided into 7 periods of 36 days. In this scheme, every day is the end of a year.</p>\n<p>With<b>Gematria</b>, the number 36 is 2 * 18. 18 = Life. 36 is comprised of the letters Lamed Vav, which correspond to the<b>TzadikimNistarim</b>, the 36 hidden righteous ones who support the world in every generation.</p>\n<p>Somehow, that gives me a little confidence that the structured lookback solution isn't completely ridiculous. It is definitely kosher.</p>\n<p>Simultaneity and Sequentiality</p>\n<blockquote>\n Adm Mark Turso USN Ret: You were given a Ferrari and your people treated it like a lawnmower.\n</blockquote>\n<blockquote>\n <b>The Bourne Legacy</b>\n</blockquote>\n<p>Earlier, I mentioned the binary codes bCC, bCO, and bOC. These probably have to be understood to understand the CO/OC imbalance. They are useful in understanding the forces of simultaneity and sequentiality which propel stock prices.</p>\n<p><img src=\"https://static.tigerbbs.com/6c17ed7424c6e637ad896c0fbaed4baf\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>The ARK Ferraris are included with the lawn mowers.</p>\n<p>XBI and IBB are weird with their different returns, which is not easily exploitable.</p>\n<p>Buy The Dip Or Pop - CCn1 or CCp1<img src=\"https://static.tigerbbs.com/6ca6dcb7e38682509246a811e20b4b50\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">The Specter Clock</p>\n<p>CCn1 means CC negative returns of the Specter stock from the previous day are analyzed. The Specter stock is SPY. The specter functions something like a clock and provides high dimensional order to the group.</p>\n<p>This happened 105 times in the last 252 days - note end of top line. The bulk of CC profits occurred after this happened. The CC median win rate is 60 instead of 55. Note that this state accounts for more than 100% of OC profits.</p>\n<p><b>CCp1</b></p>\n<p><img src=\"https://static.tigerbbs.com/7c139fe7edf8287f22fb4902d489ee01\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">CC is usually positive of course and it was for 147 of the 252 days. It has been best to buy the pop CO and then get out OC.</p>\n<p>These might be good examples of sequentiality, or not.</p>\n<p>SPY is Positive or Negative CO Today - COp0 or COn0</p>\n<p><img src=\"https://static.tigerbbs.com/2e4b10f70d9011fe586ed6d10f3dff28\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>This is an example of simultaneity. If SPY is up OC 90% of the sector ETFs will go up.</p>\n<p>Simultaneity has weakened during the last segment and probably a little before that as well.</p>\n<p><img src=\"https://static.tigerbbs.com/49fd6dcb993413dabcf4039ed0937c37\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">There definitely isn't the same kind of breadth as in the good old days. That seems at least mildly negative.</p>\n<p><b>COn0</b></p>\n<p><img src=\"https://static.tigerbbs.com/a1da4b68139194cb3c20cbdddbfcddd5\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">This shows that COn0 weakness in SPY is less of a factor than COp0. Note that if CO is negative, there are better chances for OC to be positive.</p>\n<p><img src=\"https://static.tigerbbs.com/14ca38d49389a36c6f2b1c69036409fa\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>The 36-day view shows the sectors having consensus on SPY down moves rather than up moves lately. There has been no lack of buyers OC.</p>\n<p>Essentially, this type of analysis adds a concrete framework that shows a pretty subtle picture of market state. It confirms a vague feeling many have noticed that things are changing.</p>\n<p>I doubt that mechanical CO playing is ready for prime time just yet. Certainly the CC/CO binary results above need to be better understood. Mostly, I think the analytical framework presented here is quite powerful and worth continued development.</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>ARK: Cathie Wood And The Exquisite Art Of Tail Gunning</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\">\nARK: Cathie Wood And The Exquisite Art Of Tail Gunning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are shown to have a logical structure and consistent patterns.\nThe concepts of Simultaneity and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKO":"ARKO Corp","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKF":"ARK Fintech Innovation ETF","ARKR":"Ark Restaurants Corp"},"source_url":"https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164323104","content_text":"Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are shown to have a logical structure and consistent patterns.\nThe concepts of Simultaneity and Sequentiality are introduced.\nCO/OC directional differences are important indicators that are much more useful than two-dimensional measures like standard deviation.\n\nphongphan5922/iStock via Getty Images\nThe Legend of Cathie Wood and Ark Active\n\n Beatrix Kiddo: I am proficient in Tiger Crane style and more than proficient in the exquisite art of the samurai sword.\n\n\nKill Bill Vol 2 - The Cruel Tutelage of Pai Mei\n\nThere is no question that Cathie Wood will be elected to the Stock Picker Hall of Fame on the first year of eligibility. The last person achieving that honor was Peter Lynch.\nArk Active ETFs weren't really on my radar until after Trading Edge was published on June 1. At some point, I planned to make that article more about equity groups instead of ETFs, specifically biotech. Eventually the plan changed because that seemed premature.\nAnother reason for my lack of attention is that I usually look for issues with at least 1500 days of price history and the four horsemen of Ark Active passed that milestone less than 200 trade days ago.\nSome commentators have mentioned recent negative return issues with ARKG, noting that the natives are getting restless. The first argument has some merit and touches on technical details that will affect the entire market. But, call me a romantic, I'm OK with cutting ARK a little slack here.\nTail Gunning\nTail is a statistical term related to data distribution. When data points are plotted, a bell shaped curve forms and the unusual results on either side of the curve are the tails. If the distribution is consistent with the ideal bell pattern, it is considered normal. Results of many coin flips produce anormal distribution, stock returns do not.\nThis implies that probabilities based on normal distributions are accurate while non-normal distribution probabilities are not. This is a serious problem for the academic discipline of Finance as not understanding probabilities suggests that it cannot offer a practical methodology to mitigate risk.\nIn this article, I will try to show that Ark Active returns are highly dependent on exploiting extreme tail activity. Hence the term tail gunning. Surprisingly, tail activity is more structured than one might initially think, so this may have some theoretical importance.\nARK Active has been quite good over many years at staying on the wild side.\nThe Legend of Data Manipulation\nModern stock exchanges and casinos both appeared in the first part of the 17th century, not long after the modern rules of chess were established. Academic disciplines relevant to understanding these innovations such as calculus, linear algebra, statistics, quantum mechanics etc. slowly developed over the next 400 years.\nThe revolutionary implications of data science have not yet been fully appreciated. Practical skill in data manipulation more than compensates for lack of formal academic knowledge in any of the other disciplines. A goal of my work is to demonstrate the soundness of this view.\nA trained practitioner of statistical finance won't approach the stock return problem through data manipulation. No doubt, data manipulation is my hammer, so everything else looks like a nail.\nMajor weaknesses in the academic understanding of stuff in general include:\n\nTime\nHigh dimensionality\n\nVolatility is a function of time, claims by some financial sages that they understand volatility are prima facie absurd. Academic deficiencies can be exploited by competent users of computer power.\nIn this article, I'll discuss how to set up and analyze market data, with attention given to the superb performance of the ARK Active ETFs.\nPrice History Data\n\nThe analysis presented here, only considers the date, open and close. Financial statisticians generally consider daily open, high, and low numbers to be noise. Essentially, that is an admission of the limitations of their analytical framework.\nLooking at one stock at a time is wrong on many different levels. It is absolutely critical to examine groups of stocks.\nA mechanism is needed to produce historical daily prices for many different stocks. Prices must be adjusted for dividends and splits. The data should be stored in Excel csv workbooks where the workbook and worksheet names are the stock symbol.\nDatabases are inappropriate for historical price analysis. Rebuilding the data at least daily from scratch is quick and eliminates many possible points of failure.\nIt is best to solve the data problem by paying for a reliable delivery method like Norgate. Everyone who does this type of work, initially spends a lot of time figuring out how to get prices for free. I did that for about 15 years. It is good to build up the skill and understanding, but eventually the cost of inefficient use of time is substantial.\nData Transformation - Natural Log Returns\n\nThe per share price of a stock has absolutely no rational analytical relevance, assuming the investor has at least enough money to buy one share.\nThe human mind can deal with a limited number of things at once, and with stock groups, price is too much detail. Data transformation is a methodology to remove that complexity. Here, daily prices are transformed to a return stream. That makes it easy to analyze even large groups of equities.\nNatural logs are the correct way to store a return stream, unless you are in a contest to find an inferior solution.\nThe simple calculations below need to be done for each date for each stock in the group being analyzed. It only takes a few minutes on an 8th generation i7 Windows PC to do this for hundreds of stocks containing thousands of days of price history.\nUsing 3/16 in the table above as an example:\n\nCC(Close to Close) = natural log of 3/16 Close / 3/15 Close = nl(394.62/395.12) = -0.0013.\nCO(Close to Open) = natural log of 3/16 Open / 3/15 Close = nl(395.77/395.12) = 0.0017.\nOC(Open to Close) = natural log of 3/16 Close / 3/16 Open = nl(394.62/395.77) = -0.0029.\n\nThe bCC/bCO/bOC columns are binary answers to the question of whether the excursion was positive (1 = positive 0 = not positive). It is quite useful to answer questions before they are asked. This same technique is used to encode strategies into a return stream.\nI specialize in low level stuff. For example, with the binary codes:\n\nIf bCO = 1 and bOC = 1 Then bCC = 1\nIf bCO = 0 and bOC = 0 Then bCC = 0\notherwise, you have to check bCC.\n\nProbably, most people wouldn't spend months analyzing the implications of that. I'm making good progress but still not finished. xSig, discussed below is related to that analysis. The issue is that if bCC = 4, bCO = 2, and bOC = 1 to create an Octal number; 3 and 4 can't happen.\n1,400-Day Structured Lookback\nCC1400 = CO1400 + OC1400\n$CC1400 = $CO1400 * $OC1400\nIn my Trading Edge article, CC1400 was called tCC.\nCO/OC Imbalance\nThe CO state is clearly dominant over OC. Trading Edge even suggested this may be a permanent market feature. It is somewhat heretical to even whisper of such things. If someone refutes that, I promise not to get mad.\nTrading Edge considered the 3x Bulls to be the most obvious way to exploit the CO edge. ARK Active smokes the leveraged financially engineered abominations.\nStructured Lookback Design\n\nI introduced date yrmolation as a concept in my Kabbalah articlein January. Perhaps structured lookback is a better term, if only because it has more vowels. The idea is to provide a logical methodology for creating segments of sequential time.\nThe day is the standard market unit of time. The traditional day/week/month/year construct does not get us closer to a suitable lookback solution, and mostly just confuses the issue. Generally, one doesn't solve a problem by adding needless complexity.\nEvery total time frame of n days, is broken into 3 consecutive periods. The first period is 1/7 the total period, the second 2/7, and the third 4/7. I worked on this backwards of course, so:\n\nx[1] = 200\nx[2] = x[1] * 2 = 400\nx[3] = x[1] * 4 = 800\nx[0] = Total days = 200 + 400 + 800 = 1400\n\nAnother time concept is iteration. The study is labeled 200i0. i0 means iteration 0. An i1 study implies the 1400 days before 11/13/15.\nxSig logic.There are three hex codes after the x. The bit values go:\n\n8 = xx1400\n4 = xx200\n2 = xx400\n1 = xx800\n\nxFF2 appears most often in the table. This means:\n\nFirst/F - All structured CC periods have positive returns.\nSecond/F - All Structured CO periods have positive returns.\nThird/2 - All OC periods except OC400 have losses.\n\nWin Rate\nThis is another critically important metric that virtually nobody looks at. In the table, the differences between CO and OC win rates are stunning.\n400-Day Segment Detail\n\nThe 400-day segment showed the best numbers for OC so it is worth looking at. All four of the time segments display simultaneously on an HD monitor; the challenge writing about them is mostly how to cut up the information for the article format. The win percentages for OC are notably higher than those seen on the 1400 day study. ARKW performs respectably here, both CO and OC, but even in the best OC environment, with the most favorable ETF, CO is not worse.\nARKG\nARKG performs better CO than any of the 3x Bulls CC or CO. ARK win rates are all at least 62% CO, much better than the bulls. Win rates OC are much worse. Obviously, with the strategy of playing CO, ideally we want to see all positive returns during CO and all the negative returns during OC.\nPerformance Graphs\n\nSam: I never walk into a place I don't know how to walk out of.\n\n\nRonin\n\nI can see how the recent sharp excursion down to about the 38.2 fib line might freak out some of the CC players, especially those who bought near the top. Personally, I'm afraid of parabolic heights, so it is difficult for me to visualize the thought process of the players who were buying at triple digits. Guess that is why I'll never be rich.\nAfter detailed poring over the entrails and consulting entities whose names are best left unspoken, I think holding any of the ARK Active puppies CO is worth serious consideration.\nI was really impressed by ARK's stock selection results and watched a recent interview of Cathie, where she was confident of the funds performing at the historical pace. Needless to say, I've been curious if she knows about the CO/OC imbalance where a CO player could theoretically beat buy and hold by about a factor of 10.\nFinding Biotech Tail\nVirtually all Biotechs are part of the tail when considered with the stock universe, so all one needs is a list of suitable candidates.\nBiotech and Semiconductors are the two industries with the most favorable positive CO vs OC characteristics based on my research. Energy is also quite good, but I haven't looked at that sector closely. Small caps are also consistently favorable.\nBiotech is a bit more persistent and obvious. An ETF performs at some sort of median to the characteristics of the group it is composed of, but ETF numbers pretty much precisely reflect the characteristics of the entire group.\n81 biotech stocks with average daily volume greater than 300K, and current price greater than $10 were assembled. The top stocks in CC, CO, and OC will be shown below:\nTop Biotech CCTop BioTech COTop Biotech OC and Median\n\nThese are just overwhelming numbers arguing for CO. A random pick in this universe is much more likely to be profitable CO than anywhere else and that profit is much more likely to exceed CC. The win rates are lower than seen in most sectors. In general, this type of analysis is a fertile avenue for research.\nCO/OC or Standard Deviation\nThe tendency of stocks to move in opposite directions CO and OC can be measured as has been shown here. These movements appear to be quite persistent and consistent in direction over time. The investor gains important and usable information by studying these structures, as opposed to standard deviation.\nStandard deviation only measures CC and ignores violent movements during the day. A year is usually considered the proper standard deviation sample, mostly because any other length is equally worthless.\nRecent Action\nCO has not been a great performer lately. I've been noting that on my website since at least March I think. The more interesting thing is watching things unfold with a decent toolset and trying to figure out what is happening.\n252-Day Structured Lookback\n\nI'll stick with natural log results only in this pass. A natural log of 0.69 is doubling your money. 0.72 for ARKG is CV$1 2.06. All of the puppies at least tripled CO except for ARKW. Not bad for a year. Note the CO win rate.\nxSig is weaker than long term as xFF is no longer showing. As time ranges get longer, xFF gets more common.\n\nI guess the CC players got annoyed that things were better at this end point than 6/11/21. CO win rates are about the best I've ever seen.\n\nWin rates seriously dropped from the 144 day segment. The Biotech correction started February 9th.\n\nThe ARKG pattern starts with a double top. LABU and XBI made a single top, with a nice dark cloud cover candle that worked out for a change. In some parallel universes, they always work.\n\nThe black candles show the day traders getting slapped. No big deal for CO players. I'm happy I wasn't playing these guys during this period; no question I would have botched things up.\n\nThe 36-day shows weakness coming into CO and a little strength in OC at least for ARKG. Note the two winning percentages are the same. This is less trivial than it appears as that situation also exists in the Biotechs.\n\n\nThe recent low at 72.87 was not only the important ludicrously long term 38.2 fib line but the 52 week moving average, and on the other side of the chasm there is obvious support around 72. I don't see how that can be arranged to spell sell. Note the pop we are seeing off the low is coming on OC strength.\nThe plain meaning of the weekly chart is bullish: Heat sensitive longs from the congestion period, put stops in below the 52 week SMA that were triggered during the week of May 10. That is shown by the head fake and bottoming tail. Even a retest of the low would probably not be too bad, but hopefully that won't part of the near term conversation. The poke above the 13-week SMA is encouraging, a move above 93 doesn't seem excessively optimistic.\nIs The 252-Day Structured Lookback Kosher?\n252 market days is as close to an exact calendar year as you can get. 252 / 7 = 36. Therefore we can say that a market year is divided into 7 periods of 36 days. In this scheme, every day is the end of a year.\nWithGematria, the number 36 is 2 * 18. 18 = Life. 36 is comprised of the letters Lamed Vav, which correspond to theTzadikimNistarim, the 36 hidden righteous ones who support the world in every generation.\nSomehow, that gives me a little confidence that the structured lookback solution isn't completely ridiculous. It is definitely kosher.\nSimultaneity and Sequentiality\n\n Adm Mark Turso USN Ret: You were given a Ferrari and your people treated it like a lawnmower.\n\n\nThe Bourne Legacy\n\nEarlier, I mentioned the binary codes bCC, bCO, and bOC. These probably have to be understood to understand the CO/OC imbalance. They are useful in understanding the forces of simultaneity and sequentiality which propel stock prices.\n\nThe ARK Ferraris are included with the lawn mowers.\nXBI and IBB are weird with their different returns, which is not easily exploitable.\nBuy The Dip Or Pop - CCn1 or CCp1The Specter Clock\nCCn1 means CC negative returns of the Specter stock from the previous day are analyzed. The Specter stock is SPY. The specter functions something like a clock and provides high dimensional order to the group.\nThis happened 105 times in the last 252 days - note end of top line. The bulk of CC profits occurred after this happened. The CC median win rate is 60 instead of 55. Note that this state accounts for more than 100% of OC profits.\nCCp1\nCC is usually positive of course and it was for 147 of the 252 days. It has been best to buy the pop CO and then get out OC.\nThese might be good examples of sequentiality, or not.\nSPY is Positive or Negative CO Today - COp0 or COn0\n\nThis is an example of simultaneity. If SPY is up OC 90% of the sector ETFs will go up.\nSimultaneity has weakened during the last segment and probably a little before that as well.\nThere definitely isn't the same kind of breadth as in the good old days. That seems at least mildly negative.\nCOn0\nThis shows that COn0 weakness in SPY is less of a factor than COp0. Note that if CO is negative, there are better chances for OC to be positive.\n\nThe 36-day view shows the sectors having consensus on SPY down moves rather than up moves lately. There has been no lack of buyers OC.\nEssentially, this type of analysis adds a concrete framework that shows a pretty subtle picture of market state. It confirms a vague feeling many have noticed that things are changing.\nI doubt that mechanical CO playing is ready for prime time just yet. Certainly the CC/CO binary results above need to be better understood. Mostly, I think the analytical framework presented here is quite powerful and worth continued development.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187644696,"gmtCreate":1623753616915,"gmtModify":1704210565129,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187644696","repostId":"2143733619","repostType":2,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182056668,"gmtCreate":1623548426854,"gmtModify":1704205772631,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182056668","repostId":"1191179846","repostType":4,"repost":{"id":"1191179846","kind":"news","pubTimestamp":1623536312,"share":"https://ttm.financial/m/news/1191179846?lang=&edition=fundamental","pubTime":"2021-06-13 06:18","market":"us","language":"en","title":"Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million","url":"https://stock-news.laohu8.com/highlight/detail?id=1191179846","media":"cnbc","summary":"KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed ","content":"<div>\n<p>KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.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>Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million</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\">\nBlue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-13 06:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1191179846","content_text":"KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon founder and his brother Mark on Blue Origin’s New Shepard rocket.\nNew Shepard, a rocket that carries a capsule to an altitude of over 340,000 feet, has flown more than a dozen successful test flights without passengers.\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat on its upcoming first crewed spaceflight on Saturday for $28 million.\nThe winning bidder,whose name wasn’t released,will fly to the edge of space with theAmazonfounder and his brother Markon Blue Origin’s New Shepard rocket scheduled to launch on July 20.The company said it will reveal the name of the auction winner in the coming weeks.\nBidding opened at $4.8 million but surpassed $20 million within the first few minutes of the auction. The auction’s proceeds will be donated to Blue Origin’s education-focused nonprofit Club for the Future, which supports kids interested in future STEM careers.\nBlue Origin director of astronaut and orbital sales Ariane Cornell said during the auction webcast that New Shepard’s first passenger flight will carry four people, including Bezos, his brother, the auction winner and a fourth person to be announced later.\nAutonomous spaceflight\nNew Shepard, a rocket that carries a capsule to an altitude of over 340,000 feet, has flown more than a dozen successful test flights without passengers, including one in April at the company’s facility in the Texas desert. It’s designed to carry up to six people and flies autonomously — without needing a pilot. The capsule has massive windows to give passengers a view of the earth below during about three minutes in zero gravity, before returning to Earth.\nBlue Origin’s system launches vertically, and both the rocket and capsule are reusable. The boosters land vertically on a concrete pad at the company’s facility in Van Horn, Texas, while the capsules land using a set of parachutes.\nBezos founded Blue Origin in 2000 and still owns the company, funding it through share sales of his Amazon stock.\nJuly 20 is notable because it also marks the 52nd anniversary of the Apollo 11 moon landing.\nBranson and Musk\nBezos and fellow billionairesElon MuskandSir Richard Bransonarein a race to get to space, but each in different ways.Bezos’ Blue Origin and Branson’sVirgin Galacticare competing to take passengers on short flights to the edge of space, a sector known as suborbital tourism, while Musk’s SpaceX is launching private passengers on further, multi-day flights, in what is known as orbital tourism.\nBoth Blue Origin and Virgin Galactic have been developing rocket-powered spacecraft, but that is where the similarities end. While Blue Origin’s New Shepard rocket launches vertically from the ground,Virgin Galactic’s SpaceShipTwo system is released mid-air and returns to Earth in a glidefor a runway landing, like an aircraft.\nVirgin Galactic’s system is also flown by two pilots, while Blue Origin’s launches without one.Branson’s company has also flown a test spaceflight with a passenger onboard, although the company has three spaceflight tests remainingbefore it begins flying commercial customers– which is planned to start in 2022.\nSpaceX launches its Crew Dragon spacecraft to orbit atop its reusable Falcon 9 rocket, havingsent 10 astronauts to the International Space Station on three missions to date.\nIn addition to the government flights, Musk’s company is planning to launch multiple private astronaut missions in the year ahead – beginning withthe all-civilian Inspiration4 missionthat is planned for September. SpaceX is also launchingat least four private missions for Axiom Space, starting early next year.\nBlue Origin’s auction may have netted $28 million, but a seat on a suborbital spacecraft is typically much less expensive. Virgin Galactic has historically sold reservations between $200,000 and $250,000 per ticket, and more recently charged the Italian Air Force about $500,000 per ticket for a training spaceflight.\nMusk’s orbital missions are more costly than the suborbital flights, with NASA paying SpaceX about $55 million per seat for spaceflights to the ISS.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182056099,"gmtCreate":1623548411211,"gmtModify":1704205772144,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182056099","repostId":"1143408374","repostType":4,"repost":{"id":"1143408374","kind":"news","pubTimestamp":1623536483,"share":"https://ttm.financial/m/news/1143408374?lang=&edition=fundamental","pubTime":"2021-06-13 06:21","market":"us","language":"en","title":"Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=1143408374","media":"cnbc","summary":"KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, ","content":"<div>\n<p>KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.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>Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public</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\">\nBranson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-13 06:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1143408374","content_text":"KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC confirmed on Saturday.\nThe SPAC, led by a former Goldman Sachs partner, is NextGen Acquisition II, a person familiar with the discussions told CNBC.\nA deal expected to be announced in the coming weeks, the person said.\n\nVirgin Orbit, the satellite-launching spinoff ofSir Richard Branson’sVirgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC led by a formerGoldman Sachspartner, CNBC confirmed Saturday.\nThe company is in talks on a deal withNextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a special purpose acquisition company led by George Mattson, who previously co-led Goldman’s global industrials group.\nSky News first reportedthe talks on Saturday, saying a deal is expected to be announced in the coming weeks. Virgin Orbit declined CNBC’s request for comment.\nThe company is a spin-off of Branson’s space tourism company Virgin Galactic.Virgin Orbit isprivately heldby Branson’s multinational conglomerate Virgin Group, with a minority stake from Abu Dhabi sovereign wealth fund Mubadala.\nVirgin Orbit uses a modified Boeing 747 aircraft to launch its rockets, a method known as air launch. Rather than launch rockets from the ground, like competitors such as Rocket Lab or Astra, the company’s aircraft carries its LauncherOne rockets up to about 45,000 feet altitude and drops them just before they fire the engine and accelerate into space –a method the company touts as more flexiblethan a ground-based system.\nLauncherOne is designed to carry small satellites that weigh up to 500 kilograms, or about 1,100 pounds,into space. Virgin Orbit completed its first successful launch in January, and plans to conduct its second later this month.\nNext Gen II raised $375 million when it completed its initial public offering in October. The funds would largely go to help Virgin Orbit scale its business. Virgin Orbit CEO Dan Hart told CNBC in October that the company was seeking to raise about $150 million in fresh capital.\nBranson took Virgin Galactic publicthrough a SPAC deal in 2019withbillionaire investor Chamath Palihapitiya.","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188458953,"gmtCreate":1623459993272,"gmtModify":1704204146784,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188458953","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</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>S&P ekes out gains to close languid week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","SH":"标普500反向ETF","DDM":"道指两倍做多ETF","DJX":"1/100道琼斯","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","IVV":"标普500指数ETF","UDOW":"道指三倍做多ETF-ProShares","DOG":"道指反向ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF","SDS":"两倍做空标普500ETF",".DJI":"道琼斯","DXD":"道指两倍做空ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188451905,"gmtCreate":1623459960607,"gmtModify":1704204145329,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188451905","repostId":"2142823202","repostType":2,"repost":{"id":"2142823202","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623453000,"share":"https://ttm.financial/m/news/2142823202?lang=&edition=fundamental","pubTime":"2021-06-12 07:10","market":"hk","language":"en","title":"Inflation scare? Look at this chart before freaking out","url":"https://stock-news.laohu8.com/highlight/detail?id=2142823202","media":"Dow Jones","summary":"Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n\nInfl","content":"<blockquote>\n Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n</blockquote>\n<p>Inflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, <a href=\"https://laohu8.com/S/AONE\">one</a> economist argued Friday.</p>\n<p>In a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:</p>\n<p>The chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.</p>\n<p>It shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.</p>\n<p>It's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..</p>\n<p>What's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.</p>\n<p>But what would a more enduring inflation threat look like?</p>\n<p>In that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.</p>\n<p>While inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.</p>\n<p>See:Treasury yields fall despite rising inflation -- here are some reasons why</p>\n<p>Higher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&amp;P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.</p>\n<p>The Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.</p>\n<p>And some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.</p>\n<p>\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"</p>\n<p>Pearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"</p>\n<p>\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"</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>Inflation scare? Look at this chart before freaking out</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\">\nInflation scare? Look at this chart before freaking out\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\">2021-06-12 07:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n</blockquote>\n<p>Inflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, <a href=\"https://laohu8.com/S/AONE\">one</a> economist argued Friday.</p>\n<p>In a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:</p>\n<p>The chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.</p>\n<p>It shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.</p>\n<p>It's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..</p>\n<p>What's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.</p>\n<p>But what would a more enduring inflation threat look like?</p>\n<p>In that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.</p>\n<p>While inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.</p>\n<p>See:Treasury yields fall despite rising inflation -- here are some reasons why</p>\n<p>Higher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&amp;P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.</p>\n<p>The Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.</p>\n<p>And some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.</p>\n<p>\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"</p>\n<p>Pearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"</p>\n<p>\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"</p>\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","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142823202","content_text":"Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n\nInflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, one economist argued Friday.\nIn a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:\nThe chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.\nIt shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.\nIt's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..\nWhat's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.\nBut what would a more enduring inflation threat look like?\nIn that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.\nWhile inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.\nSee:Treasury yields fall despite rising inflation -- here are some reasons why\nHigher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.\nThe Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.\nAnd some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.\n\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"\nPearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"\n\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188450899,"gmtCreate":1623459878211,"gmtModify":1704204142235,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188450899","repostId":"2142220201","repostType":2,"repost":{"id":"2142220201","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623453751,"share":"https://ttm.financial/m/news/2142220201?lang=&edition=fundamental","pubTime":"2021-06-12 07:22","market":"us","language":"en","title":"Brazil looks at extending expiry date of J&J COVID vaccines","url":"https://stock-news.laohu8.com/highlight/detail?id=2142220201","media":"Reuters","summary":"BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &","content":"<html><body><p>BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &amp; Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.</p><p>   The batch of vaccines expires on June 27.</p><p>   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.  </p><p>    The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.</p><p>   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.</p><p>   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.  </p><p>   Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.</p><p>   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd</p><p> , and the vaccines developed by AstraZeneca    and Pfizer Inc   .</p><p>   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data.</p><p> (Reporting by Anthony Boadle; editing by Richard Pullin)</p><p>((anthony.boadle@tr.com +55 61 98204-1110;  </p><p>;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brazil looks at extending expiry date of J&J COVID vaccines</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\">\nBrazil looks at extending expiry date of J&J COVID vaccines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 07:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &amp; Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.</p><p>   The batch of vaccines expires on June 27.</p><p>   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.  </p><p>    The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.</p><p>   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.</p><p>   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.  </p><p>   Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.</p><p>   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd</p><p> , and the vaccines developed by AstraZeneca    and Pfizer Inc   .</p><p>   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data.</p><p> (Reporting by Anthony Boadle; editing by Richard Pullin)</p><p>((anthony.boadle@tr.com +55 61 98204-1110;  </p><p>;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","PFE":"辉瑞","SVA":"科兴生物"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142220201","content_text":"BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson & Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.   The batch of vaccines expires on June 27.   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.      The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.     Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd , and the vaccines developed by AstraZeneca    and Pfizer Inc   .   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data. (Reporting by Anthony Boadle; editing by Richard Pullin)((anthony.boadle@tr.com +55 61 98204-1110;  ;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189349140,"gmtCreate":1623246451380,"gmtModify":1704199230568,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>?","listText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>?","text":"$S&P500 ETF(SPY)$?","images":[{"img":"https://static.tigerbbs.com/9fa7b13b4bab1e2b5922a158c3f9fae8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189349140","isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110665610,"gmtCreate":1622450231630,"gmtModify":1704184598927,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110665610","repostId":"1187518687","repostType":4,"repost":{"id":"1187518687","kind":"news","pubTimestamp":1622444095,"share":"https://ttm.financial/m/news/1187518687?lang=&edition=fundamental","pubTime":"2021-05-31 14:54","market":"us","language":"en","title":"Palantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187518687","media":"seekingalpha","summary":"Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation","content":"<p><b>Summary</b></p>\n<ul>\n <li>Big data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.</li>\n <li>The two leading companies in providing the building blocks for large data warehouses and for decisioning applications based on big data analytics are Palantir and Snowflake.</li>\n <li>Both of these companies have already compiled enviable growth records; indeed, the growth Snowflake is enjoying is as rapid as any ramp I have ever seen.</li>\n <li>The issue for investors is really not the likely success of these companies, or the fact that they are down a great deal from recent post IPO valuations. The issue is their current valuation and future growth.</li>\n <li>My conclusion, based solely on valuation, is that Palantir will provide a somewhat greater return than Snowflake over the coming years. But in neither case is it likely that long term returns can rise beyond the teens.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e334ff290e3ff9d31d41e402324f177e\" tg-width=\"768\" tg-height=\"432\"><span>Photo by DKosig/E+ via Getty Images</span></p>\n<p><b>A sharp sector rotation affords long-term investors with opportunities not often encountered!</b></p>\n<p>It will probably come as no surprise to most readers that the last 3 months have been marked by a very strong sector rotation away from high-growth, high value names to cyclical/reopening names. Even some of the strongest companies have seen their valuations eviscerated over that period. The culprit for the rotation is investor concern with both prior valuations and investor concern about spikes in inflation leading to interest rate increases. The valuation compression is even sharper than it may appear on the surface. Not only are share prices down, but revenue estimates and operational performance are showing very strong positive trends. In most cases, EV/S ratios have fallen by 25% or more and in a few cases the fall has been 50% and even greater. Much like a lake which is plagued by drought, this valuation compression has made visible several islands of opportunity.</p>\n<p>This is not an article about sector rotation per se, or about the valuation of tech names per se. Have the last several days of trading been a harbinger that sector rotation is ending, or was it simply a long awaited response to several days of extreme valuation compression in the tech space? At some point, the combination of falling share prices and rising growth rates for revenues and free cash flow will obviously lead to a reversal-but lacking 2ndsight, I have to leave that vexed question to others.</p>\n<p>One of my favorite components of Lincoln’s 2ndinaugural address is the ringing phrase, “fondly do we hope, fervently do we pray.” Now the President was talking about the passing of the scourge of war, and I am writing about the end of a sector rotation. But it has been a difficult period that has scourged the portfolios of many investors and I do hope it will pass away soon.</p>\n<p>One of the several artifacts of what some might call “The Great Sector Rotation” has been the emergence of several growth names that had been un-investible due to valuation for months or since they became public. This article is focused on two such names, Palantir(NYSE:PLTR)and Snowflake(NYSE:SNOW). These are names that are prominent in the IT space. are amongst the leaders in the Big Data/Analytics space and which have generated remarkable interest amongst many investors and readers of SA. Both of them are quite exceptional companies-but I don’t think either is a particularly remarkable investment. That said, at current valuations (I am using share prices as of 5/24 to calculate my valuation relationships), both of these names can potentially provide investors modest-but double digit long term returns. That is usually less than many tech investors find acceptable-but the visibility and relative stability of both of these companies is an unquantifiable intangible that some may find particularly attractive. Again, entirely based on valuation, and no other factor, Palantir is a more attractive investment-although the calculated return difference compared to Snowflake isn’t huge. Obviously, it is the CAGR differential between businesses that make it so difficult for an observer to make an unqualified choice.</p>\n<p>I want to make clear than when asked for a choice between these two names, my first response would be neither. There are simply better choices in the IT world as potential investments. Investors have a wide choice of names in the space in the wake of the valuation compression and there are different attributes associated with these names.</p>\n<p>For those investors looking for my choices in the high growth/high valuation segment, I would recommend CrowdStrike (CRWD), Datadog (DDOG). Zscaler (ZI) and ZoomInfo (ZI). Could Snowflake make this list-possibly because it certainly has the highest CAGR of any of the names that I follow. But even using what is essentially a 4 year CAGR of 70% to reach a terminal sales level of more than $6 billion, and a terminal growth rate in the mid-thirty percent range still does not produce super returns for Snowflake because it is hard to do so when the starting point is a valuation of 53X EV/S (as of the close on Monday, May 24th). And forecasting that a company with a $6 billion run rate to continue growth in the mid-30% range is certainly a bit of a reach-although the market that SNOW addresses is enormous and growing.</p>\n<p>For investors looking for a combination of growth coupled with less than average valuation in terms of their EV/S ratio, choices include names such as Upstart (UPST). Affirm (AFRM), Asana (ASAN), Elastic (ESTC), Wix (WIX) and Jamf (JAMF). Some investors are looking for names with very high free cash flow margins. Here choices include Atlassian (TEAM), Dynatrace (DT), Veeva (VEEV), Microsoft (MSFT) and Adobe (ADBE). Many investors would choose to use some kind of combination of free cash flow margin + growth rate in compiling a buy list. Here, the regnant champion is ZoomInfo (ZI) but perhaps Palantir makes the list-depending on whether the free cash flow metric achieved last quarter was an outlier or represented the start of a trend. Trade Desk (TTD), in the wake of its recent share price compression of 40% since mid-February would also be on this list.</p>\n<p>Some investors look for bargains amongst fairly IPO’s. There are some bargains now to be seen in that sector such as Affirm and also nCino (NCNO) and perhaps Jamf. These are companies whose price action after the IPO took their valuations to unsustainable levels and which have now compressed to what appear to be bargains. I try to approach the recent IPOs with the same methodology as the rest of the names I follow. Inevitably, given the small number of shares in most IPOs, stock prices can subsequently reach dizzying levels as institutions, in particular, look to establish full positions that they were unable to create with an IPO allocation. But once that demand ceases, these names fall, and can do so to very compressed valuations.</p>\n<p>Finally, there are some investors who look for proverbial bargains by screening for percentage declines over some fixed period. That is not a methodology I favor. Many companies can be mis-priced in terms of valuation and so the fact that a name is down a particular percentage is of less importance to me, than how the companies score on EV/S valuation and free cash flow margins. I have seen many articles that focus on either Snowflake or Palantir because of their steep declines during and even before the sector rotation. While it is not uncommon for commentators to use a percentage decline as a screening point, my approach doesn’t value that technique. Specifically, there was no conceivable logical methodology that could have supported the peak valuations of either Snowflake or Palantir, so the fact that they have fallen substantially is not proof-at least to this writer-that they are now reasonably valued.</p>\n<p>I try not to be obsessively tied to formulas in creating a buy list for my own portfolio or for my recommendations. I am, admittedly, biased toward growth, but when I see a combination of growth and free cash flow margin, I can fall in love-at least figuratively. (Sort of like Daumier’s famous lithograph, “Fusion des Compagnies. Effusion des actionnaires. (Les Beaux Jours de la Vie), from Le Charivari, Honoré Daumier ^ Minneapolis Institute of Art. I use some combination of all approaches in compiling my own list of names that I think are buy rated. I don’t include any megacap names, more because I think their investment merits are well recognized and there isn’t too much in the way of value add that I might provide.</p>\n<p>To repeat: both Palantir and Snowflake are and will remain remarkable businesses that are revolutionizing the way software is used in both government and commercial applications. Bringing storage to the cloud the way it is done by Snowflake is hastening digital transformation and making it easier to migrate workloads to the cloud-a significant priority for many-probably most enterprise users of IT. The combination of data integration, AI and search which enable users to find patterns and develop useful insights is achieving some of the more “Buck Rogerish” dreams of software engineers and ultimately all classes of users.</p>\n<p>But having said that, it is still necessary to look at growth and cash flow to arrive at a valuation and while the valuation compression has led to opportunities, the opportunities are not of the once in a generation scale. Investors who want to own the best companies frequently are going to be asked to sacrifice some percentage upside to buy the best of the breed, and that is what I see here, regardless of my admiration of the offerings of both companies.</p>\n<p>One thing to note: I would be greatly surprised if either Palantir or Snowflake will precisely look the way they do at this writing. They are going to wind up making acquisitions-I doubt that valuations and chemistry would allow either company to be acquired. Speculating about acquisitions is a fun parlor trick, but not something that can really be forecast with any degree of specificity. But one reason as to why I have suggested that these companies will continue to grow at elevated rates relates to my belief that there will be some element of inorganic revenue in the results of both companies 4 years from now.</p>\n<p><b>The background of Snowflake and Palantir</b></p>\n<p>Both of these businesses have been and remain high growth companies with strong technology moats and a host of the most prominent IT users in the world. Palantir reported recent results that swung strongly to free cash generation; SNOW is perhaps the fastest growing name I have seen at scale. And the shares of both companies have seen rather substantial compression. Since the rotation began in early/mid-February, shares of Snowflake have&nbsp;fallen as much as 39% before bouncing 11.5% on Friday, May 14th partially due to a&nbsp;new recommendation from the analyst at Goldman Sachs.Shares of&nbsp;Palantir had fallen as much as 53%&nbsp;before its bounce 9.3% on Friday May 14th.</p>\n<p>Both of these companies seem destined to be major factors in the software over the course of the coming years. Over time, as they mature, I expect that both of these company’s will evolve highly profitable business models. Based strictly on the way I value companies, I find the shares of Palantir to be more attractive to investors than the shares of Snowflake-even though self-evidently, Snowflake is growing faster than Palantir. I believe that long-term investors will achieve a somewhat greater return investing in Palantir than in Snowflake-but the difference isn’t huge and speculating about an end-result 4 years from now is inevitably a fraught undertaking.</p>\n<p>I have been frequently asked by subscribers to my Ticker Target service. by investment advisory clients and by readers of SA articles to provide some opinion on both of these companies with a plurality inquiring about Palantir. For months, until now, I haven’t chosen to make much of a response given the valuations have been of a magnitude that made any kind of positive recommendation more faith based than logical.</p>\n<p><b>Trying to find a formula for relative valuations</b></p>\n<p>Let’s face it-trying to decide between the investment merits of two companies with a great base of IP, addressing hot spaces within the enterprise software space is a bit like handicapping the results of sporting events before the start of a season. There is loads of pure guesswork and less substance than most would like. Many analysts demur doing something like this-or if they are like me, they suggest to clients that there is no reason just to own a single name of this kind in a portfolio. I am going to attempt to present some qualitative as well as quantitative analysis-but in the nature of things it will be subjective.</p>\n<p>One consideration is always management. Does either Palantir or Snowflake have better management?Frank Slootman of Snowflak&nbsp;eprobably has better bona fides than the&nbsp;Alex Karp, the CEO of Palantir- he has, after all , sold one company he founded, Data Domain to EMC for an incredible valuation and he guided Service Now to huge success, and in the process&nbsp;more or less ran over BMC Software&nbsp;which was one of the stalwarts of the enterprise software space for many years.</p>\n<p>The CEO of Palantir is Alex Karp and he co founded the company 17 years ago. He has a host of beliefs that many might consider outside of the mainstream, especially for a company that makes a living selling to the US government and particularly the US military. He has been described as eccentric and I imagine that any self-professed socialist who has built a net worth of almost $2 billion is likely to have an unusual set of values. The fact that he keeps Tai Chi swords in his office-which at times can be in a barn in New Hampshire-while not entirely abnormal amongst tech entrepreneurs, is more than a bit different than the background of Mr. Slootman.</p>\n<p>But company’s such as Palantir are run by teams and there are some extraordinary players on Palantir’s team.Peter Thiel,well known as a co-founder of PayPal (PYPL) and one of the first outside investors in Facebook, also co-founded Palantir and remains on the board. So too,is famed tech investor, Joe Lonsdale&nbsp;who recently said that:</p>\n<blockquote>\n “As a director of a public co there are regulations about what you can say – you’re discouraged from speaking up &amp; nobody does in our risk-averse society. But #’s came out yesterday and were misunderstood… we are going to crush the shorts / I am extremely bullish.\"\n</blockquote>\n<p>I am not quite sure why Mr. Lonsdale felt that the quarterly results were misinterpreted. Palantir was caught up in a tech rout on the day after its earnings were released. It was just reflecting the sector rotation that has marked much trading in these names .</p>\n<p>Finally,there is Stephen Cohen,another co-founder of Palantir and currently an Executive VP of the company. Famously, at the ripe age of 23, he has been credited with writing the initial prototype of the Palantir platform in all of 8 weeks.</p>\n<p>As must people who know me would agree, I am a somewhat desiccated older curmudgeon, whose acceptance of eccentricities is perhaps less than it should be. But overall, I believe that in evaluating these two companies, there is not all that much to choose. It is a bit easier to conclude that Snowflake has a management structure that will lead to better investor returns simply because of the track record of the CEO. But Peter Thiel and Joe Lonsdale have made themselves billions and those along for their various rides have done quite well. I can wish that there was less mystery surrounding some parts of the Palantir business, but at the end of the day, I don’t think an investment decision between these two names can be made based on differences in management capabilities.</p>\n<p>Like most other analysts, I try to look at relative valuations in making a recommendation. The fact is that Snowflake still has the highest 12 month forward EV/S ratio of any name I follow, and that valuation is based on a revenue estimate of $1.2 billion. That is a forecast for growth of just over 100% for the next 12 months-and about 10% above the current published consensus for the same period. Despite the forecast for triple digit growth, I wouldn’t find it terribly surprising for Snowflake to continue to exceed estimates-the momentum in its space is just that strong.</p>\n<p>Essentially the problem I have with recommending Snowflake shares is just how much the company will have to grow in order to justify the current valuation-even after the huge haircut of recent months. I have used a 3 year forward CAGR estimate of 70%-I think that is reasonable, if growth this year is over 100% as seems likely.</p>\n<p>Snowflake in its latest reported quarter started&nbsp;to generate free cash flow. To do so, however, it needed to have an enormous growth in its deferred revenue balance-a result that is partially seasonal as its clients renew their agreements. I expect SNOW to generate a modest level of free cash flow in its current year, but that is not going to be a sufficient reason to recommend the shares. In order to generate 70% revenue growth over several years, I anticipate that the company’s ability to generate a substantial free cash flow margin will be challenging. The company will simply have to continue to make outsize investments in sales and marketing and research and development. I imagine that some of that will continue to be part of the company culture even looking out several years; I would not anticipate anything more than average cash flow margins by that time-and those margins could easily be less than average.</p>\n<p>In any event, using a multi-year CAGR of 70%-and then starting the compounding from the base of $1.2 billion of revenues that I anticipate for the current year produces a terminal revenue estimate of about $5.9 billion. I assume that this company will still be enjoying hyper growth at the end of the period-just not at the current elevated levels. I think using a terminal growth rate of 35% is reasonable and even after valuation compression, the average EV/S for that growth rate is 16X. So, that might suggest that the enterprise value for Snowflake 4 years from now ought to be about $94 billion-the enterprise value as of the close on Friday was $56 billion, or thereabouts. That works out to a 14% annualized return. That is certainly far better than such a calculation might recently have been, and far greater than any assumed inflation rate I have seen…but I wonder if it is enough for most investors who are usually looking for something more to be properly compensated for risk in investing in a name such as this.</p>\n<p>A comparable calculation for Palantir starts with estimated revenues of $1.8 billion for the next 12 months. This estimate was revised&nbsp;based on the results that the company reported on 5/11/21. That is considerably greater than the currently published consensus-for 2021 of $1.47 billion-but my estimate goes out an additional quarter and is not burdened by the adherence to the company’s rather mechanical guidance of “greater than 30% for the foreseeable future” which has been the mantra of the company CEO, and which is used by many analysts as a substitute for preparing their own set of expectations.</p>\n<p>Last year, the company reported a 47% growth in revenues and had forecast a 45% growth in revenues for Q1. Q1 revenue growth came to 49%; the company is forecasting 43% revenue growth year on year in the current quarter but given the rather muted sequential growth implied in that forecast (5.6%), I believe it will be exceeded by some noticeable amount. The company reported a free cash flow margin of 34%, a very dramatic change from the negative free cash flow margin reported in 2020.</p>\n<p>While the company saw a decline in its deferred revenue balance in Q1, the more inclusive metric of remaining performance obligation rose by 4.7% sequentially, which is a strong performance given the typical seasonal decline usually seen in that metric in Q1.Overall, calculated billings were up 248%&nbsp;year on year and the year on year increase in the RPO balance came to 129%. These are, in my opinion, strong indicators for future growth.</p>\n<p>Since the time that Palantir became a public company, it has been criticized for the slow growth of its commercial business compared to its government business. But in the last quarter, the company’s US commercial business finally showed some decent growth of 72%. I will cover this subject more fully later on in this article.</p>\n<p>In any event, I have chosen to use a 3 year forward CAGR of 42% in evaluating Palantir, based more on its historical growth than some special knowledge about how fast it might grow. Because of the multiplicity of products and solutions that are enabled by Palantir’s platforms, it can be a bit more difficult to estimate a longer term growth rate than would be the case when dealing with a company whose revenues are coming from a more targeted focus. In any event, using a 42% CAGR, and my current estimate for 12 month forward revenues yields a run -rate estimate 4years out of greater than $5.2 billion. My guess, and I make no representation that it is more than that, is that the company will be still growing in the low 30% range at that point, with a free cash flow margin of greater than 20%.Just to be clear, the cash flow results seen last quarter, while perhaps not enough to suggest a trend, are certainly suggestive of a business model that is potentially very profitable. Taking the estimated cash flow generation into account, the CAGR that I am estimating for Palantir is currently worth an EV/S of about 16X-17X looking at the average EV/S metric for a low 40% growth estimate. In turn, this leads to an enterprise value forecast of about $86 billion compared to last Friday’s enterprise value of $$44.5 billion. This suggests a 4 year return of about 18% compounded, somewhat better than the rate of return I calculate for Snowflake. Snowflake’s elevated valuation simply makes it very difficult to realistically project exceptional long-term returns-even though in many ways Snowflake is an exceptional company operating in an exceptional market.</p>\n<p><b>Where the analysis could be off and what are the risks?</b></p>\n<p>This article is basically about which of the two names I would rather hold or invest in for the long-term. It isn’t a terribly obvious choice-although the numbers, as I see them, suggest that Palantir will relatively outperform Snowflake-mainly because even after a substantial valuation compression, Snowflake shares are still the most expensive name in the IT space in terms of EV/S by a fairly substantial margin. Just to make that point abundantly clear, Snowflake shares, as of the close on Friday, May 21thhad an EV/S ratio based on forward revenues of 53.5X; the next two highest ratios in my coverage universe were those of Bill.com (BILL) at 36.5X and Cloudflare (NET) at 35.9X. Meanwhile, Palantir shares currently sell for an EV/S of 25.5X.</p>\n<p>There are certainly flaws in the investment merits of both companies. I have presented a quantitative model that attempts to deal with the difference in growth rates for the two companies at the present time. But I would be the last analyst on the planet to suggest that I have some crystal ball. I really have no specific way of addressing the potential growth of Snowflake over the next 4 years. I feel reasonably comfortable in suggesting that my use of $1.2 billion for SNOW revenue over the coming 4 quarters is supported both by qualitative comments made by company management and by using sequential quarterly growth estimates that are consistent with recent history. Further, the company’s RPO balance grew to $1.3 billion, up 213% for the year and its DBE ratio was 168%. The RPO balance actually rose by 44% sequentially the latest reported quarter, after rising by 35% sequentially the prior quarter, and the sequential growth in revenues was 19% for the quarter compared to 20% the prior quarter. Given all of those statistics, I felt that forecasting $1.2 billion for the next 4 quarters, compared to the company’s forecast of about $1075 million for the current (2021) year made sense.</p>\n<p>But when it comes to supporting a CAGR of 70% for the 3 years after this one, I would acknowledge that it is somewhat of a guess-and a CAGR of that rate would be breaking new ground in terms of growth at scale. I will be reviewing some of the reasons for the company’s exceptional growth opportunities below-but those specifics are simply not going to allow me, or anyone else, to determine if the most reasonable CAGR is 50% or 70% or some other number. I have yet to see a 3 year CAGR of 70% for a company of this scale. But given that I anticipate that the first year in the forecast period will be nearly 100%, then 70% growth is quite likely and allows for slowing growth as the company’s scale approaches and exceeds a $6 billion revenue run rate.</p>\n<p>Not terribly surprisingly,many analysts rate SNOW shares&nbsp;as a hold although some percentage do rate it as a buy. The issue is almost entirely one of valuation-with a current EV/S of 54X based on the share price of May 28th, at least a plurality of analysts are forecasting some level of multiple compression; it makes price target setting a fraught undertaking.</p>\n<p>There is, perhaps a bit more murkiness, when it comes to evaluating Palantir’s multi-year CAGR and that is a function of the long standing comment of by the CEO, “Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:</p>\n<ul>\n <li>Annual revenue growth of 30% or greater for 2021 through 2025.”</li>\n</ul>\n<p>This comment appears regularly as part of the guidance section in the quarterly earnings release-just my opinion-but I think the company ought to drop the statement or revise it to take some account of what appears to be happening in the market.</p>\n<p>In turn, this has led to consensus forecast that have 2022 revenues rising by just 30%. It should be reasonably obvious that no one owning the shares can believe such a forecast and analysts who recommend the shares can’t really do so with a straight face using a 30% revenue growth estimate.</p>\n<p>That said, Palantir shares certainly don’t have a&nbsp;particularly strong consensus rating&nbsp;compared to many other enterprise software names. First Call suggests that on average the rating is between a hold and an underperform. At the moment, however, only 7 ratings and 8 estimates are being reported to First Call. Most estimates were raised in the wake of the latest earnings report.</p>\n<p>As subscribers are aware, when I try to triangulate some kind of buy/sell hold rating for shares by using some combination of expected future growth rates coupled with free cash flow margins. But in order to even guess responsibly at what a growth rate for a company in the space might be, I try to use some expectation of how the solutions offered are going to create positive ROI for users.</p>\n<p>I will cover below my expectations in that regard but I really see no reason to believe that any long term growth estimate of less than 40% for Palantir is well founded. The company has a rather wide variety of solutions and users seem to be achieving more than acceptable ROI’s when implementing what they have bought. The key to maintaining growth at greater than 40% is self-evidently the market opportunities that are outside of the company’s efforts in its Federal vertical.</p>\n<p>As mentioned, there were some signs of progress last quarter with growth in the US Commercial space reaching 72%. I imagine, however, that many observers and stakeholders might be concerned that the growth in US government revenues which reached 83% last quarter is unlikely to be duplicated in coming periods. Overall, the growth in commercial deal value, after adjustments for duration, was 76%. Overall, the company got $208 million or 61% of its revenues from government entities while the other 39% of its revenues came from commercial customers.</p>\n<p>Before leaving the subject of risk, and perhaps being guilty of restating the obvious, the shares of both companies will perform poorly in a period of rotation favoring value names, and will perform rather well if the rotation favors growth names. Because of their valuation, the shares of these companies will be strongly correlated with the performance of an index of Cloud stocks, so called, such as CLOU until either or both start to generate substantial and sustained free cash flow margins that will start to change the valuation paradigm substantially.</p>\n<p><b>What does Palantir offer its users and how is that resonating in the market?</b></p>\n<p>What I would like to do-but which is not totally feasible-is to run through Palantir’s products and solutions to try to build a reasonable model that supports 40%+ growth. But this company has a multiplicity of platforms in discrete areas, and many more solutions so about all I am going to be able to do is touch the highlights and competition of the areas in which the company competes.</p>\n<p>Palantir offers 3 major product categories. These include&nbsp;Gotham, Foundry and Apollo.I imagine that Foundry is the best known product set offered by Palantir. Foundry is a data integration platform. There are many companies in this space including Boomi, Informatica, MuleSoft/Salesforce (CRM), Oracle (ORCL), Talend (TLND), Tableau/Salesforce and Alteryx (AYX). The data integration market has a relatively pedestrian growth forecast of a bit less than 8% although its size, estimated to be over $11 billion by 2026, is a worthwhile target. How does Palantir stack up? Here is a review of Palantir when compared to the leading data integration platform, Informatica Power Center:Compare Informatica PowerCenter vs Palantir Foundry. From a product perspective, there is nothing striking that would allow Palantir to gain a huge amount of market share in the commercial space.</p>\n<p>Gotham is the heart of the Palantir franchise and the company continues to enhance the platform. While the linked description of the latest launch probably reads a bit like science fiction:Palantir Gotham | 21 Launch, the fact is that in terms of forecasting growth, this is probably where an analyst needs to start. Gotham is essentially big data analytics-with a full panoply of bells and whistles. The Gotham platform is designed to integrate structured data that is contained in rows and columns, as well as unstructured data such as emails, images and videos. It is basically a sophisticated query tool, and may be thought to be competitive with Elastic’s search technology. Here is a competitive analysis of the two solutions:Palantir Gotham.</p>\n<p>The data that is collected using Gotham is integrated and then is mapped into what are meaningfully defined objects-enhanced by the relationships that connect them. From that point, the data is tagged, secured and tracked.</p>\n<p>Gotham is the heart of Palantir’s government practice in that it is often used by agencies looking to “find bad actors hiding in complex networks.” It is the elaboration of that technology that I believe is driving the extremely strong growth of Palantir’s government business, and with the recent breaches at&nbsp;Colonial Pipelineand through SolarWinds (SWI)&nbsp;hack, coupled with aggressive remediation/security efforts, I believe that the very strong growth rates seen by Palantir in its Federal business are likely to continue and remain at hyper-growth levels for some years to come.</p>\n<p>There are many interesting use cases for Gotham that highlight its versatility. The following link shows a variety of use cases as one scrolls through the article:Palantir: Transforming the way organizations use data - CTOvision.com. While the CAGR for big data analytics as projected in the linked study is only around 11%, the size of the space, relative to the size of Palantir is so substantial as to suggest that forecasting hyper growth is quite reasonable:Big Data and Business Analytics Market Size, Share | 2027. There are going to be many winners and leaders in the big data analytic market. Many enterprises are going to roll their own, using some 3rdparty tools such as those on offer from Elastic, for example. Some users will take advantage of the current offering from low code/no code vendors to facilitate building their own applications from the ground up. But the available market for Gotham is still an opportunity many times the current size of Palantir and looking at all of the problems it can solve perhaps gives readers some sense of why I find it reasonable to believe that Palantir will reach $5 billion in revenues over the coming 4 years.</p>\n<p>Apollo is the 3rdmajor platform offered by Palantir although it is more of an enabling technology that is most often used in conjunction with both Gotham and Foundry. It is said to enable the use of SaaS applications where no SaaS applications have gone before.</p>\n<p>Here is a link to a 3rdparty review of the technology:Palantir Apollo. It is because of Apollo, and its ability to deliver software securely into just about any conceivable location from a battlefield to a submarine, that has enabled the company to win some major deals with the US Government customers and particularly the military and security agencies. Here is a link to a specialist 3rdparty consultant that follows technology trends and market share gains and losses amongst vendors to the US government:Competitor highlights: Palantir.</p>\n<p>At the moment, the market addressed by Apollo is not well defined, and there are no publicly available statistics on the size or growth of the space. What I can suggest, is that Apollo is a key differentiator for the company and that the technology is a key factor in the success that the company has had and will likely continue to have in selling to the government and to some commercial enterprises as well.</p>\n<p>Overall, Palantir’s products are aimed at high-end enterprise users. Typical sales are going to be in the millions of dollars, even when looking at the commercial market. Here is a current analysis of prices that Palantir is charging:Palantir Gotham Pricing.</p>\n<p>Many readers will be familiar with the Palantir story; others will not. This is not intended to be a detailed evaluation of the various solution sets that are offered by the company, but might serve to illuminate the likely growth drivers the company has put in place that should resonate strongly with users over the next several years. Palantir advertises solution capabilities in 20 specific areas. I have linked to the solution directory the company presents:Solutions. It would be difficult to categorize the solutions in any meaningful sense.</p>\n<p>Like many software companies at this point, Palantir offers AI capabilities as part of its stack. Whether the form of AI offered by Palantir is better than many other implementations of AI that are nowadays used for many different purposes is not readily determinable.</p>\n<p>These days there are a number of AI focused vendors whose shares have attracted interest. Perhaps the most prominent of these is C3.ai (AI). I think that Palantir’s differentiation is the use cases in which its form of AI is embodied in a specific solution that can create rapid time to benefit for many users. Indeed, I think the fact that Palantir already has a multiplicity of use cases that are based on AI technology coupled with deep learning is one of the reasons that I feel comfortable in forecasting 40%+ growth over some years.</p>\n<p>Overall, I think that the scope of the technology and the success that the company has had in translating that technology into usable solutions for both government and commercial users is likely to enable Palantir to maintain growth of above 40% for sometime into the future.</p>\n<p><b>Why has Snowflake become the fastest growing software companies at scale?</b></p>\n<p>Again, I assume that many readers will be familiar with the Snowflake story and others will not. The key to making a successful investment in Snowflake is not the fact that it is the fastest growing company in the enterprise software space, but in determining just how long that happy state can last, and the ramp that the company will achieve in terms of developing a consistent free cash flow margin. And while I do not purport to be a fortune teller, or even aspire to such a capability, I think looking at the solutions offered by Snowflake can help investors determine just what a long term CAGR might be.</p>\n<p>Here I have linked to a publication from Snowflake called “Data Cloud for Dummies.” I certainly am not intending to cast aspersions on the intellectual prowess of subscribers and general readers, but for those looking for a very quick synopsis of the company’s capabilities and what customers do with Snowflake implementations, this is a go to reference manual:The Data Cloud for Dummies | Snowflake. Most everything an investor might need to know about the Snowflake product offering and differentiation is contained in these few pages. Indeed, investors will not have to read all of this handbook to figure out who is using Snowflake, the benefits they are achieving from deploying the product and the value and capabilities a user can get from using the Snowflake data cloud. Most of that material can be seen on pgs. 18-20 while some selected use cases are described on pgs. 29-41. Most of the rest of the handbook describes how to use the Snowflake data cloud which is not really going to help readers figure out why Snowflake’s revenues and its bookings are rising at triple digit rates.</p>\n<p>The Data Cloud allows users to do many of the things with data that consultants and most IT staff members have wanted to accomplish for the last decade or more. One of the most important attributes of the Data Cloud is its ability to unite siloed data so that organizations can discover what they have and securely share the now governed data. If this sounds something like the data integration capabilities offered by Palantir and others, it is because it is-although the technology is quite a bit different, and with Snowflake everything is cloud native-there is no equivalent to Apollo.</p>\n<p>While security has to be a component of what everyone does with data these days-the Snowflake solutions are more about access and sharing with security as part of the solution while Palantir starts with data security. It is more a matter of emphasis than functionality. I have linked here to an interesting thread that compares the two solutions-note carefully that the initiator of this thread is an original investor in Palantir and needless to say has a viewpoint relative to the merits of the two companies that would be disputed by many:Palantir Tech Platforms vs Snowflake</p>\n<p>Snowflake has plenty of competitors and that has been the case for many years. Many of its wins are competitive displacements and it usually has to battle one or more of the big 3 cloud vendors to secure a deal. The mega-cap cloud companies all offer capabilities that users generally evaluate before choosing Snowflake. Specifically, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Big Query, Amazon (AMZN) Red Shift and Microsoft (MSFT) Azure SQL Server are competitors. Here is a link by a 3rdparty comparing Google and Snowflake. Essentially, Snowflake is considered the winner:Snowflake vs. BigQuery</p>\n<p>Here is a link comparing Snowflake with Amazon Redshift. I think it is fair to synthesize the comparison with a view that for users with an all-cloud environment, and who have not become overly dependent on Amazon, Snowflake offers a better alternative, although the competition is less unequal than would be the case in looking at Google vs. Snowflake:Redshift vs Snowflake: 6 Key Differences.</p>\n<p>Finally, there is the comparison of Snowflake vs. Microsoft Azure. Here the review linked didn’t reach a conclusion. What I think comes through, however, is that the perception is that Snowflake provides higher performance with some critical database features. In any event, in terms of user reviews: Snowflake was a winner:Redshift vs Snowflake: 6 Key Differences.</p>\n<p>Cloud data warehousing is a high growth area-it is essentially the future of most data storage: although hybrid solutions will remain a popular choice. See this link for the reason for the transformation:Cloud Data Warehouse is The Future of Data storage.</p>\n<p>According to a couple of market research vendors, the cloud storage market is likely to achieve a CAGR in the low 20% range for the next several years. The available market is forecast to reach $137 billion at the end of the period. Given the strong user ratings for SNOW, its competitive advantages vis-à-vis the largest competitors, the perception of the company’s functionality in the market and the track record of the company’s leader in past competitive situations, I don’t think the forecast of a multi-year CAGR of 70% is all that much of a stretch.</p>\n<p>I expect that the Snowflake earnings which will be reported while this article is in the review process to significantly exceed the consensus forecast which is for quarterly revenues of $213 million and an EPS loss of $.16. The current consensus calls for sequential growth of just 10% and that seems to be more or less of a sandbag. I see no reason to expect such a muted growth level-either in the reported quarter or in the near future. But that said, much of the enviable performance that Snowflake has achieved, and is likely to achieve going forward is already priced into the shares.</p>\n<p><b>Wrapping up: Palantir or Snowflake?</b></p>\n<p>Both Snowflake and Palantir have created advanced IT solutions for their clients. Snowflake has been able to leverage its technology more successfully than Palantir to achieve unheard of growth rates. Part of that is clearly a testament to the leadership of Frank Slootman and his competitive ethos. Part of it is a function of history.</p>\n<p>Just judging by the number of articles on SA, and their generally positive tenor, there are some who feel that users can do more with Palantir’s set of solutions than has been done with Snowflake. Palantir has been designed to be used by government agencies and AI is at the core of the offering. That is somewhat different from Snowflake. The key to Palantir’s ability to achieve hyper growth for years into the future will be the success it has in terms of the commercial market and in non-US geos. The results the company recently reported certainly provide a level of comfort in that regard.</p>\n<p>The key to Snowflake’s continued success will be its continued success in sales execution. Given that the effort is now lead by a very resourceful and aggressive CFO, Frank Slootman, I expect big things.</p>\n<p>As mentioned, I think it’s inevitable that both Snowflake and Palantir will become major IT vendors over time. Unfortunately-what I think, is obviously also thought by many major investors in the IT space. Neither Palantir or Snowflake is likely to be the next Tesla with a valuation more or less unrelated to operational fundamentals. I would never have chosen to write this article if I had much expectation of that kind of frenzy arising. These are both software companies and they can and will be valued by long term investors based on revenue growth and free cash flow generation.</p>\n<p>If I had to pick one investment between these two companies, it would be Palantir-simply because of valuation. But as President Lincoln once said in a far different context, “I do not have to choose either, I can simply leave [her]alone.” In this case the recommendation is to leave the shares alone and look for stronger returns. For those interested in such things-here is the link to President Lincoln’s comment:Fourth Debate: Charleston, Illinois – Lincoln Home National Historic Site (U.S. National Park Service). And at the end of the day, that is my conclusion-find investments in the space with greater percentage upside potential.</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>Palantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.\nThe two leading companies in providing the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake","PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187518687","content_text":"Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.\nThe two leading companies in providing the building blocks for large data warehouses and for decisioning applications based on big data analytics are Palantir and Snowflake.\nBoth of these companies have already compiled enviable growth records; indeed, the growth Snowflake is enjoying is as rapid as any ramp I have ever seen.\nThe issue for investors is really not the likely success of these companies, or the fact that they are down a great deal from recent post IPO valuations. The issue is their current valuation and future growth.\nMy conclusion, based solely on valuation, is that Palantir will provide a somewhat greater return than Snowflake over the coming years. But in neither case is it likely that long term returns can rise beyond the teens.\n\nPhoto by DKosig/E+ via Getty Images\nA sharp sector rotation affords long-term investors with opportunities not often encountered!\nIt will probably come as no surprise to most readers that the last 3 months have been marked by a very strong sector rotation away from high-growth, high value names to cyclical/reopening names. Even some of the strongest companies have seen their valuations eviscerated over that period. The culprit for the rotation is investor concern with both prior valuations and investor concern about spikes in inflation leading to interest rate increases. The valuation compression is even sharper than it may appear on the surface. Not only are share prices down, but revenue estimates and operational performance are showing very strong positive trends. In most cases, EV/S ratios have fallen by 25% or more and in a few cases the fall has been 50% and even greater. Much like a lake which is plagued by drought, this valuation compression has made visible several islands of opportunity.\nThis is not an article about sector rotation per se, or about the valuation of tech names per se. Have the last several days of trading been a harbinger that sector rotation is ending, or was it simply a long awaited response to several days of extreme valuation compression in the tech space? At some point, the combination of falling share prices and rising growth rates for revenues and free cash flow will obviously lead to a reversal-but lacking 2ndsight, I have to leave that vexed question to others.\nOne of my favorite components of Lincoln’s 2ndinaugural address is the ringing phrase, “fondly do we hope, fervently do we pray.” Now the President was talking about the passing of the scourge of war, and I am writing about the end of a sector rotation. But it has been a difficult period that has scourged the portfolios of many investors and I do hope it will pass away soon.\nOne of the several artifacts of what some might call “The Great Sector Rotation” has been the emergence of several growth names that had been un-investible due to valuation for months or since they became public. This article is focused on two such names, Palantir(NYSE:PLTR)and Snowflake(NYSE:SNOW). These are names that are prominent in the IT space. are amongst the leaders in the Big Data/Analytics space and which have generated remarkable interest amongst many investors and readers of SA. Both of them are quite exceptional companies-but I don’t think either is a particularly remarkable investment. That said, at current valuations (I am using share prices as of 5/24 to calculate my valuation relationships), both of these names can potentially provide investors modest-but double digit long term returns. That is usually less than many tech investors find acceptable-but the visibility and relative stability of both of these companies is an unquantifiable intangible that some may find particularly attractive. Again, entirely based on valuation, and no other factor, Palantir is a more attractive investment-although the calculated return difference compared to Snowflake isn’t huge. Obviously, it is the CAGR differential between businesses that make it so difficult for an observer to make an unqualified choice.\nI want to make clear than when asked for a choice between these two names, my first response would be neither. There are simply better choices in the IT world as potential investments. Investors have a wide choice of names in the space in the wake of the valuation compression and there are different attributes associated with these names.\nFor those investors looking for my choices in the high growth/high valuation segment, I would recommend CrowdStrike (CRWD), Datadog (DDOG). Zscaler (ZI) and ZoomInfo (ZI). Could Snowflake make this list-possibly because it certainly has the highest CAGR of any of the names that I follow. But even using what is essentially a 4 year CAGR of 70% to reach a terminal sales level of more than $6 billion, and a terminal growth rate in the mid-thirty percent range still does not produce super returns for Snowflake because it is hard to do so when the starting point is a valuation of 53X EV/S (as of the close on Monday, May 24th). And forecasting that a company with a $6 billion run rate to continue growth in the mid-30% range is certainly a bit of a reach-although the market that SNOW addresses is enormous and growing.\nFor investors looking for a combination of growth coupled with less than average valuation in terms of their EV/S ratio, choices include names such as Upstart (UPST). Affirm (AFRM), Asana (ASAN), Elastic (ESTC), Wix (WIX) and Jamf (JAMF). Some investors are looking for names with very high free cash flow margins. Here choices include Atlassian (TEAM), Dynatrace (DT), Veeva (VEEV), Microsoft (MSFT) and Adobe (ADBE). Many investors would choose to use some kind of combination of free cash flow margin + growth rate in compiling a buy list. Here, the regnant champion is ZoomInfo (ZI) but perhaps Palantir makes the list-depending on whether the free cash flow metric achieved last quarter was an outlier or represented the start of a trend. Trade Desk (TTD), in the wake of its recent share price compression of 40% since mid-February would also be on this list.\nSome investors look for bargains amongst fairly IPO’s. There are some bargains now to be seen in that sector such as Affirm and also nCino (NCNO) and perhaps Jamf. These are companies whose price action after the IPO took their valuations to unsustainable levels and which have now compressed to what appear to be bargains. I try to approach the recent IPOs with the same methodology as the rest of the names I follow. Inevitably, given the small number of shares in most IPOs, stock prices can subsequently reach dizzying levels as institutions, in particular, look to establish full positions that they were unable to create with an IPO allocation. But once that demand ceases, these names fall, and can do so to very compressed valuations.\nFinally, there are some investors who look for proverbial bargains by screening for percentage declines over some fixed period. That is not a methodology I favor. Many companies can be mis-priced in terms of valuation and so the fact that a name is down a particular percentage is of less importance to me, than how the companies score on EV/S valuation and free cash flow margins. I have seen many articles that focus on either Snowflake or Palantir because of their steep declines during and even before the sector rotation. While it is not uncommon for commentators to use a percentage decline as a screening point, my approach doesn’t value that technique. Specifically, there was no conceivable logical methodology that could have supported the peak valuations of either Snowflake or Palantir, so the fact that they have fallen substantially is not proof-at least to this writer-that they are now reasonably valued.\nI try not to be obsessively tied to formulas in creating a buy list for my own portfolio or for my recommendations. I am, admittedly, biased toward growth, but when I see a combination of growth and free cash flow margin, I can fall in love-at least figuratively. (Sort of like Daumier’s famous lithograph, “Fusion des Compagnies. Effusion des actionnaires. (Les Beaux Jours de la Vie), from Le Charivari, Honoré Daumier ^ Minneapolis Institute of Art. I use some combination of all approaches in compiling my own list of names that I think are buy rated. I don’t include any megacap names, more because I think their investment merits are well recognized and there isn’t too much in the way of value add that I might provide.\nTo repeat: both Palantir and Snowflake are and will remain remarkable businesses that are revolutionizing the way software is used in both government and commercial applications. Bringing storage to the cloud the way it is done by Snowflake is hastening digital transformation and making it easier to migrate workloads to the cloud-a significant priority for many-probably most enterprise users of IT. The combination of data integration, AI and search which enable users to find patterns and develop useful insights is achieving some of the more “Buck Rogerish” dreams of software engineers and ultimately all classes of users.\nBut having said that, it is still necessary to look at growth and cash flow to arrive at a valuation and while the valuation compression has led to opportunities, the opportunities are not of the once in a generation scale. Investors who want to own the best companies frequently are going to be asked to sacrifice some percentage upside to buy the best of the breed, and that is what I see here, regardless of my admiration of the offerings of both companies.\nOne thing to note: I would be greatly surprised if either Palantir or Snowflake will precisely look the way they do at this writing. They are going to wind up making acquisitions-I doubt that valuations and chemistry would allow either company to be acquired. Speculating about acquisitions is a fun parlor trick, but not something that can really be forecast with any degree of specificity. But one reason as to why I have suggested that these companies will continue to grow at elevated rates relates to my belief that there will be some element of inorganic revenue in the results of both companies 4 years from now.\nThe background of Snowflake and Palantir\nBoth of these businesses have been and remain high growth companies with strong technology moats and a host of the most prominent IT users in the world. Palantir reported recent results that swung strongly to free cash generation; SNOW is perhaps the fastest growing name I have seen at scale. And the shares of both companies have seen rather substantial compression. Since the rotation began in early/mid-February, shares of Snowflake have fallen as much as 39% before bouncing 11.5% on Friday, May 14th partially due to a new recommendation from the analyst at Goldman Sachs.Shares of Palantir had fallen as much as 53% before its bounce 9.3% on Friday May 14th.\nBoth of these companies seem destined to be major factors in the software over the course of the coming years. Over time, as they mature, I expect that both of these company’s will evolve highly profitable business models. Based strictly on the way I value companies, I find the shares of Palantir to be more attractive to investors than the shares of Snowflake-even though self-evidently, Snowflake is growing faster than Palantir. I believe that long-term investors will achieve a somewhat greater return investing in Palantir than in Snowflake-but the difference isn’t huge and speculating about an end-result 4 years from now is inevitably a fraught undertaking.\nI have been frequently asked by subscribers to my Ticker Target service. by investment advisory clients and by readers of SA articles to provide some opinion on both of these companies with a plurality inquiring about Palantir. For months, until now, I haven’t chosen to make much of a response given the valuations have been of a magnitude that made any kind of positive recommendation more faith based than logical.\nTrying to find a formula for relative valuations\nLet’s face it-trying to decide between the investment merits of two companies with a great base of IP, addressing hot spaces within the enterprise software space is a bit like handicapping the results of sporting events before the start of a season. There is loads of pure guesswork and less substance than most would like. Many analysts demur doing something like this-or if they are like me, they suggest to clients that there is no reason just to own a single name of this kind in a portfolio. I am going to attempt to present some qualitative as well as quantitative analysis-but in the nature of things it will be subjective.\nOne consideration is always management. Does either Palantir or Snowflake have better management?Frank Slootman of Snowflak eprobably has better bona fides than the Alex Karp, the CEO of Palantir- he has, after all , sold one company he founded, Data Domain to EMC for an incredible valuation and he guided Service Now to huge success, and in the process more or less ran over BMC Software which was one of the stalwarts of the enterprise software space for many years.\nThe CEO of Palantir is Alex Karp and he co founded the company 17 years ago. He has a host of beliefs that many might consider outside of the mainstream, especially for a company that makes a living selling to the US government and particularly the US military. He has been described as eccentric and I imagine that any self-professed socialist who has built a net worth of almost $2 billion is likely to have an unusual set of values. The fact that he keeps Tai Chi swords in his office-which at times can be in a barn in New Hampshire-while not entirely abnormal amongst tech entrepreneurs, is more than a bit different than the background of Mr. Slootman.\nBut company’s such as Palantir are run by teams and there are some extraordinary players on Palantir’s team.Peter Thiel,well known as a co-founder of PayPal (PYPL) and one of the first outside investors in Facebook, also co-founded Palantir and remains on the board. So too,is famed tech investor, Joe Lonsdale who recently said that:\n\n “As a director of a public co there are regulations about what you can say – you’re discouraged from speaking up & nobody does in our risk-averse society. But #’s came out yesterday and were misunderstood… we are going to crush the shorts / I am extremely bullish.\"\n\nI am not quite sure why Mr. Lonsdale felt that the quarterly results were misinterpreted. Palantir was caught up in a tech rout on the day after its earnings were released. It was just reflecting the sector rotation that has marked much trading in these names .\nFinally,there is Stephen Cohen,another co-founder of Palantir and currently an Executive VP of the company. Famously, at the ripe age of 23, he has been credited with writing the initial prototype of the Palantir platform in all of 8 weeks.\nAs must people who know me would agree, I am a somewhat desiccated older curmudgeon, whose acceptance of eccentricities is perhaps less than it should be. But overall, I believe that in evaluating these two companies, there is not all that much to choose. It is a bit easier to conclude that Snowflake has a management structure that will lead to better investor returns simply because of the track record of the CEO. But Peter Thiel and Joe Lonsdale have made themselves billions and those along for their various rides have done quite well. I can wish that there was less mystery surrounding some parts of the Palantir business, but at the end of the day, I don’t think an investment decision between these two names can be made based on differences in management capabilities.\nLike most other analysts, I try to look at relative valuations in making a recommendation. The fact is that Snowflake still has the highest 12 month forward EV/S ratio of any name I follow, and that valuation is based on a revenue estimate of $1.2 billion. That is a forecast for growth of just over 100% for the next 12 months-and about 10% above the current published consensus for the same period. Despite the forecast for triple digit growth, I wouldn’t find it terribly surprising for Snowflake to continue to exceed estimates-the momentum in its space is just that strong.\nEssentially the problem I have with recommending Snowflake shares is just how much the company will have to grow in order to justify the current valuation-even after the huge haircut of recent months. I have used a 3 year forward CAGR estimate of 70%-I think that is reasonable, if growth this year is over 100% as seems likely.\nSnowflake in its latest reported quarter started to generate free cash flow. To do so, however, it needed to have an enormous growth in its deferred revenue balance-a result that is partially seasonal as its clients renew their agreements. I expect SNOW to generate a modest level of free cash flow in its current year, but that is not going to be a sufficient reason to recommend the shares. In order to generate 70% revenue growth over several years, I anticipate that the company’s ability to generate a substantial free cash flow margin will be challenging. The company will simply have to continue to make outsize investments in sales and marketing and research and development. I imagine that some of that will continue to be part of the company culture even looking out several years; I would not anticipate anything more than average cash flow margins by that time-and those margins could easily be less than average.\nIn any event, using a multi-year CAGR of 70%-and then starting the compounding from the base of $1.2 billion of revenues that I anticipate for the current year produces a terminal revenue estimate of about $5.9 billion. I assume that this company will still be enjoying hyper growth at the end of the period-just not at the current elevated levels. I think using a terminal growth rate of 35% is reasonable and even after valuation compression, the average EV/S for that growth rate is 16X. So, that might suggest that the enterprise value for Snowflake 4 years from now ought to be about $94 billion-the enterprise value as of the close on Friday was $56 billion, or thereabouts. That works out to a 14% annualized return. That is certainly far better than such a calculation might recently have been, and far greater than any assumed inflation rate I have seen…but I wonder if it is enough for most investors who are usually looking for something more to be properly compensated for risk in investing in a name such as this.\nA comparable calculation for Palantir starts with estimated revenues of $1.8 billion for the next 12 months. This estimate was revised based on the results that the company reported on 5/11/21. That is considerably greater than the currently published consensus-for 2021 of $1.47 billion-but my estimate goes out an additional quarter and is not burdened by the adherence to the company’s rather mechanical guidance of “greater than 30% for the foreseeable future” which has been the mantra of the company CEO, and which is used by many analysts as a substitute for preparing their own set of expectations.\nLast year, the company reported a 47% growth in revenues and had forecast a 45% growth in revenues for Q1. Q1 revenue growth came to 49%; the company is forecasting 43% revenue growth year on year in the current quarter but given the rather muted sequential growth implied in that forecast (5.6%), I believe it will be exceeded by some noticeable amount. The company reported a free cash flow margin of 34%, a very dramatic change from the negative free cash flow margin reported in 2020.\nWhile the company saw a decline in its deferred revenue balance in Q1, the more inclusive metric of remaining performance obligation rose by 4.7% sequentially, which is a strong performance given the typical seasonal decline usually seen in that metric in Q1.Overall, calculated billings were up 248% year on year and the year on year increase in the RPO balance came to 129%. These are, in my opinion, strong indicators for future growth.\nSince the time that Palantir became a public company, it has been criticized for the slow growth of its commercial business compared to its government business. But in the last quarter, the company’s US commercial business finally showed some decent growth of 72%. I will cover this subject more fully later on in this article.\nIn any event, I have chosen to use a 3 year forward CAGR of 42% in evaluating Palantir, based more on its historical growth than some special knowledge about how fast it might grow. Because of the multiplicity of products and solutions that are enabled by Palantir’s platforms, it can be a bit more difficult to estimate a longer term growth rate than would be the case when dealing with a company whose revenues are coming from a more targeted focus. In any event, using a 42% CAGR, and my current estimate for 12 month forward revenues yields a run -rate estimate 4years out of greater than $5.2 billion. My guess, and I make no representation that it is more than that, is that the company will be still growing in the low 30% range at that point, with a free cash flow margin of greater than 20%.Just to be clear, the cash flow results seen last quarter, while perhaps not enough to suggest a trend, are certainly suggestive of a business model that is potentially very profitable. Taking the estimated cash flow generation into account, the CAGR that I am estimating for Palantir is currently worth an EV/S of about 16X-17X looking at the average EV/S metric for a low 40% growth estimate. In turn, this leads to an enterprise value forecast of about $86 billion compared to last Friday’s enterprise value of $$44.5 billion. This suggests a 4 year return of about 18% compounded, somewhat better than the rate of return I calculate for Snowflake. Snowflake’s elevated valuation simply makes it very difficult to realistically project exceptional long-term returns-even though in many ways Snowflake is an exceptional company operating in an exceptional market.\nWhere the analysis could be off and what are the risks?\nThis article is basically about which of the two names I would rather hold or invest in for the long-term. It isn’t a terribly obvious choice-although the numbers, as I see them, suggest that Palantir will relatively outperform Snowflake-mainly because even after a substantial valuation compression, Snowflake shares are still the most expensive name in the IT space in terms of EV/S by a fairly substantial margin. Just to make that point abundantly clear, Snowflake shares, as of the close on Friday, May 21thhad an EV/S ratio based on forward revenues of 53.5X; the next two highest ratios in my coverage universe were those of Bill.com (BILL) at 36.5X and Cloudflare (NET) at 35.9X. Meanwhile, Palantir shares currently sell for an EV/S of 25.5X.\nThere are certainly flaws in the investment merits of both companies. I have presented a quantitative model that attempts to deal with the difference in growth rates for the two companies at the present time. But I would be the last analyst on the planet to suggest that I have some crystal ball. I really have no specific way of addressing the potential growth of Snowflake over the next 4 years. I feel reasonably comfortable in suggesting that my use of $1.2 billion for SNOW revenue over the coming 4 quarters is supported both by qualitative comments made by company management and by using sequential quarterly growth estimates that are consistent with recent history. Further, the company’s RPO balance grew to $1.3 billion, up 213% for the year and its DBE ratio was 168%. The RPO balance actually rose by 44% sequentially the latest reported quarter, after rising by 35% sequentially the prior quarter, and the sequential growth in revenues was 19% for the quarter compared to 20% the prior quarter. Given all of those statistics, I felt that forecasting $1.2 billion for the next 4 quarters, compared to the company’s forecast of about $1075 million for the current (2021) year made sense.\nBut when it comes to supporting a CAGR of 70% for the 3 years after this one, I would acknowledge that it is somewhat of a guess-and a CAGR of that rate would be breaking new ground in terms of growth at scale. I will be reviewing some of the reasons for the company’s exceptional growth opportunities below-but those specifics are simply not going to allow me, or anyone else, to determine if the most reasonable CAGR is 50% or 70% or some other number. I have yet to see a 3 year CAGR of 70% for a company of this scale. But given that I anticipate that the first year in the forecast period will be nearly 100%, then 70% growth is quite likely and allows for slowing growth as the company’s scale approaches and exceeds a $6 billion revenue run rate.\nNot terribly surprisingly,many analysts rate SNOW shares as a hold although some percentage do rate it as a buy. The issue is almost entirely one of valuation-with a current EV/S of 54X based on the share price of May 28th, at least a plurality of analysts are forecasting some level of multiple compression; it makes price target setting a fraught undertaking.\nThere is, perhaps a bit more murkiness, when it comes to evaluating Palantir’s multi-year CAGR and that is a function of the long standing comment of by the CEO, “Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:\n\nAnnual revenue growth of 30% or greater for 2021 through 2025.”\n\nThis comment appears regularly as part of the guidance section in the quarterly earnings release-just my opinion-but I think the company ought to drop the statement or revise it to take some account of what appears to be happening in the market.\nIn turn, this has led to consensus forecast that have 2022 revenues rising by just 30%. It should be reasonably obvious that no one owning the shares can believe such a forecast and analysts who recommend the shares can’t really do so with a straight face using a 30% revenue growth estimate.\nThat said, Palantir shares certainly don’t have a particularly strong consensus rating compared to many other enterprise software names. First Call suggests that on average the rating is between a hold and an underperform. At the moment, however, only 7 ratings and 8 estimates are being reported to First Call. Most estimates were raised in the wake of the latest earnings report.\nAs subscribers are aware, when I try to triangulate some kind of buy/sell hold rating for shares by using some combination of expected future growth rates coupled with free cash flow margins. But in order to even guess responsibly at what a growth rate for a company in the space might be, I try to use some expectation of how the solutions offered are going to create positive ROI for users.\nI will cover below my expectations in that regard but I really see no reason to believe that any long term growth estimate of less than 40% for Palantir is well founded. The company has a rather wide variety of solutions and users seem to be achieving more than acceptable ROI’s when implementing what they have bought. The key to maintaining growth at greater than 40% is self-evidently the market opportunities that are outside of the company’s efforts in its Federal vertical.\nAs mentioned, there were some signs of progress last quarter with growth in the US Commercial space reaching 72%. I imagine, however, that many observers and stakeholders might be concerned that the growth in US government revenues which reached 83% last quarter is unlikely to be duplicated in coming periods. Overall, the growth in commercial deal value, after adjustments for duration, was 76%. Overall, the company got $208 million or 61% of its revenues from government entities while the other 39% of its revenues came from commercial customers.\nBefore leaving the subject of risk, and perhaps being guilty of restating the obvious, the shares of both companies will perform poorly in a period of rotation favoring value names, and will perform rather well if the rotation favors growth names. Because of their valuation, the shares of these companies will be strongly correlated with the performance of an index of Cloud stocks, so called, such as CLOU until either or both start to generate substantial and sustained free cash flow margins that will start to change the valuation paradigm substantially.\nWhat does Palantir offer its users and how is that resonating in the market?\nWhat I would like to do-but which is not totally feasible-is to run through Palantir’s products and solutions to try to build a reasonable model that supports 40%+ growth. But this company has a multiplicity of platforms in discrete areas, and many more solutions so about all I am going to be able to do is touch the highlights and competition of the areas in which the company competes.\nPalantir offers 3 major product categories. These include Gotham, Foundry and Apollo.I imagine that Foundry is the best known product set offered by Palantir. Foundry is a data integration platform. There are many companies in this space including Boomi, Informatica, MuleSoft/Salesforce (CRM), Oracle (ORCL), Talend (TLND), Tableau/Salesforce and Alteryx (AYX). The data integration market has a relatively pedestrian growth forecast of a bit less than 8% although its size, estimated to be over $11 billion by 2026, is a worthwhile target. How does Palantir stack up? Here is a review of Palantir when compared to the leading data integration platform, Informatica Power Center:Compare Informatica PowerCenter vs Palantir Foundry. From a product perspective, there is nothing striking that would allow Palantir to gain a huge amount of market share in the commercial space.\nGotham is the heart of the Palantir franchise and the company continues to enhance the platform. While the linked description of the latest launch probably reads a bit like science fiction:Palantir Gotham | 21 Launch, the fact is that in terms of forecasting growth, this is probably where an analyst needs to start. Gotham is essentially big data analytics-with a full panoply of bells and whistles. The Gotham platform is designed to integrate structured data that is contained in rows and columns, as well as unstructured data such as emails, images and videos. It is basically a sophisticated query tool, and may be thought to be competitive with Elastic’s search technology. Here is a competitive analysis of the two solutions:Palantir Gotham.\nThe data that is collected using Gotham is integrated and then is mapped into what are meaningfully defined objects-enhanced by the relationships that connect them. From that point, the data is tagged, secured and tracked.\nGotham is the heart of Palantir’s government practice in that it is often used by agencies looking to “find bad actors hiding in complex networks.” It is the elaboration of that technology that I believe is driving the extremely strong growth of Palantir’s government business, and with the recent breaches at Colonial Pipelineand through SolarWinds (SWI) hack, coupled with aggressive remediation/security efforts, I believe that the very strong growth rates seen by Palantir in its Federal business are likely to continue and remain at hyper-growth levels for some years to come.\nThere are many interesting use cases for Gotham that highlight its versatility. The following link shows a variety of use cases as one scrolls through the article:Palantir: Transforming the way organizations use data - CTOvision.com. While the CAGR for big data analytics as projected in the linked study is only around 11%, the size of the space, relative to the size of Palantir is so substantial as to suggest that forecasting hyper growth is quite reasonable:Big Data and Business Analytics Market Size, Share | 2027. There are going to be many winners and leaders in the big data analytic market. Many enterprises are going to roll their own, using some 3rdparty tools such as those on offer from Elastic, for example. Some users will take advantage of the current offering from low code/no code vendors to facilitate building their own applications from the ground up. But the available market for Gotham is still an opportunity many times the current size of Palantir and looking at all of the problems it can solve perhaps gives readers some sense of why I find it reasonable to believe that Palantir will reach $5 billion in revenues over the coming 4 years.\nApollo is the 3rdmajor platform offered by Palantir although it is more of an enabling technology that is most often used in conjunction with both Gotham and Foundry. It is said to enable the use of SaaS applications where no SaaS applications have gone before.\nHere is a link to a 3rdparty review of the technology:Palantir Apollo. It is because of Apollo, and its ability to deliver software securely into just about any conceivable location from a battlefield to a submarine, that has enabled the company to win some major deals with the US Government customers and particularly the military and security agencies. Here is a link to a specialist 3rdparty consultant that follows technology trends and market share gains and losses amongst vendors to the US government:Competitor highlights: Palantir.\nAt the moment, the market addressed by Apollo is not well defined, and there are no publicly available statistics on the size or growth of the space. What I can suggest, is that Apollo is a key differentiator for the company and that the technology is a key factor in the success that the company has had and will likely continue to have in selling to the government and to some commercial enterprises as well.\nOverall, Palantir’s products are aimed at high-end enterprise users. Typical sales are going to be in the millions of dollars, even when looking at the commercial market. Here is a current analysis of prices that Palantir is charging:Palantir Gotham Pricing.\nMany readers will be familiar with the Palantir story; others will not. This is not intended to be a detailed evaluation of the various solution sets that are offered by the company, but might serve to illuminate the likely growth drivers the company has put in place that should resonate strongly with users over the next several years. Palantir advertises solution capabilities in 20 specific areas. I have linked to the solution directory the company presents:Solutions. It would be difficult to categorize the solutions in any meaningful sense.\nLike many software companies at this point, Palantir offers AI capabilities as part of its stack. Whether the form of AI offered by Palantir is better than many other implementations of AI that are nowadays used for many different purposes is not readily determinable.\nThese days there are a number of AI focused vendors whose shares have attracted interest. Perhaps the most prominent of these is C3.ai (AI). I think that Palantir’s differentiation is the use cases in which its form of AI is embodied in a specific solution that can create rapid time to benefit for many users. Indeed, I think the fact that Palantir already has a multiplicity of use cases that are based on AI technology coupled with deep learning is one of the reasons that I feel comfortable in forecasting 40%+ growth over some years.\nOverall, I think that the scope of the technology and the success that the company has had in translating that technology into usable solutions for both government and commercial users is likely to enable Palantir to maintain growth of above 40% for sometime into the future.\nWhy has Snowflake become the fastest growing software companies at scale?\nAgain, I assume that many readers will be familiar with the Snowflake story and others will not. The key to making a successful investment in Snowflake is not the fact that it is the fastest growing company in the enterprise software space, but in determining just how long that happy state can last, and the ramp that the company will achieve in terms of developing a consistent free cash flow margin. And while I do not purport to be a fortune teller, or even aspire to such a capability, I think looking at the solutions offered by Snowflake can help investors determine just what a long term CAGR might be.\nHere I have linked to a publication from Snowflake called “Data Cloud for Dummies.” I certainly am not intending to cast aspersions on the intellectual prowess of subscribers and general readers, but for those looking for a very quick synopsis of the company’s capabilities and what customers do with Snowflake implementations, this is a go to reference manual:The Data Cloud for Dummies | Snowflake. Most everything an investor might need to know about the Snowflake product offering and differentiation is contained in these few pages. Indeed, investors will not have to read all of this handbook to figure out who is using Snowflake, the benefits they are achieving from deploying the product and the value and capabilities a user can get from using the Snowflake data cloud. Most of that material can be seen on pgs. 18-20 while some selected use cases are described on pgs. 29-41. Most of the rest of the handbook describes how to use the Snowflake data cloud which is not really going to help readers figure out why Snowflake’s revenues and its bookings are rising at triple digit rates.\nThe Data Cloud allows users to do many of the things with data that consultants and most IT staff members have wanted to accomplish for the last decade or more. One of the most important attributes of the Data Cloud is its ability to unite siloed data so that organizations can discover what they have and securely share the now governed data. If this sounds something like the data integration capabilities offered by Palantir and others, it is because it is-although the technology is quite a bit different, and with Snowflake everything is cloud native-there is no equivalent to Apollo.\nWhile security has to be a component of what everyone does with data these days-the Snowflake solutions are more about access and sharing with security as part of the solution while Palantir starts with data security. It is more a matter of emphasis than functionality. I have linked here to an interesting thread that compares the two solutions-note carefully that the initiator of this thread is an original investor in Palantir and needless to say has a viewpoint relative to the merits of the two companies that would be disputed by many:Palantir Tech Platforms vs Snowflake\nSnowflake has plenty of competitors and that has been the case for many years. Many of its wins are competitive displacements and it usually has to battle one or more of the big 3 cloud vendors to secure a deal. The mega-cap cloud companies all offer capabilities that users generally evaluate before choosing Snowflake. Specifically, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Big Query, Amazon (AMZN) Red Shift and Microsoft (MSFT) Azure SQL Server are competitors. Here is a link by a 3rdparty comparing Google and Snowflake. Essentially, Snowflake is considered the winner:Snowflake vs. BigQuery\nHere is a link comparing Snowflake with Amazon Redshift. I think it is fair to synthesize the comparison with a view that for users with an all-cloud environment, and who have not become overly dependent on Amazon, Snowflake offers a better alternative, although the competition is less unequal than would be the case in looking at Google vs. Snowflake:Redshift vs Snowflake: 6 Key Differences.\nFinally, there is the comparison of Snowflake vs. Microsoft Azure. Here the review linked didn’t reach a conclusion. What I think comes through, however, is that the perception is that Snowflake provides higher performance with some critical database features. In any event, in terms of user reviews: Snowflake was a winner:Redshift vs Snowflake: 6 Key Differences.\nCloud data warehousing is a high growth area-it is essentially the future of most data storage: although hybrid solutions will remain a popular choice. See this link for the reason for the transformation:Cloud Data Warehouse is The Future of Data storage.\nAccording to a couple of market research vendors, the cloud storage market is likely to achieve a CAGR in the low 20% range for the next several years. The available market is forecast to reach $137 billion at the end of the period. Given the strong user ratings for SNOW, its competitive advantages vis-à-vis the largest competitors, the perception of the company’s functionality in the market and the track record of the company’s leader in past competitive situations, I don’t think the forecast of a multi-year CAGR of 70% is all that much of a stretch.\nI expect that the Snowflake earnings which will be reported while this article is in the review process to significantly exceed the consensus forecast which is for quarterly revenues of $213 million and an EPS loss of $.16. The current consensus calls for sequential growth of just 10% and that seems to be more or less of a sandbag. I see no reason to expect such a muted growth level-either in the reported quarter or in the near future. But that said, much of the enviable performance that Snowflake has achieved, and is likely to achieve going forward is already priced into the shares.\nWrapping up: Palantir or Snowflake?\nBoth Snowflake and Palantir have created advanced IT solutions for their clients. Snowflake has been able to leverage its technology more successfully than Palantir to achieve unheard of growth rates. Part of that is clearly a testament to the leadership of Frank Slootman and his competitive ethos. Part of it is a function of history.\nJust judging by the number of articles on SA, and their generally positive tenor, there are some who feel that users can do more with Palantir’s set of solutions than has been done with Snowflake. Palantir has been designed to be used by government agencies and AI is at the core of the offering. That is somewhat different from Snowflake. The key to Palantir’s ability to achieve hyper growth for years into the future will be the success it has in terms of the commercial market and in non-US geos. The results the company recently reported certainly provide a level of comfort in that regard.\nThe key to Snowflake’s continued success will be its continued success in sales execution. Given that the effort is now lead by a very resourceful and aggressive CFO, Frank Slootman, I expect big things.\nAs mentioned, I think it’s inevitable that both Snowflake and Palantir will become major IT vendors over time. Unfortunately-what I think, is obviously also thought by many major investors in the IT space. Neither Palantir or Snowflake is likely to be the next Tesla with a valuation more or less unrelated to operational fundamentals. I would never have chosen to write this article if I had much expectation of that kind of frenzy arising. These are both software companies and they can and will be valued by long term investors based on revenue growth and free cash flow generation.\nIf I had to pick one investment between these two companies, it would be Palantir-simply because of valuation. But as President Lincoln once said in a far different context, “I do not have to choose either, I can simply leave [her]alone.” In this case the recommendation is to leave the shares alone and look for stronger returns. For those interested in such things-here is the link to President Lincoln’s comment:Fourth Debate: Charleston, Illinois – Lincoln Home National Historic Site (U.S. National Park Service). And at the end of the day, that is my conclusion-find investments in the space with greater percentage upside potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110665900,"gmtCreate":1622450203000,"gmtModify":1704184598603,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110665900","repostId":"1141703612","repostType":4,"repost":{"id":"1141703612","kind":"news","pubTimestamp":1622448591,"share":"https://ttm.financial/m/news/1141703612?lang=&edition=fundamental","pubTime":"2021-05-31 16:09","market":"us","language":"en","title":"Dow 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1141703612","media":"MarketWatch","summary":"U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by th","content":"<p>U.S. market benchmark has gained 7% on average between June and August</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0baa1f773514a29e3ea7e2f7650c56d6\" tg-width=\"1260\" tg-height=\"833\"><span>GETTY IMAGES</span></p>\n<p>Dow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In fact, all it would take is a summer rally of average magnitude.</p>\n<p>Many on Wall Street are excitedly talking up the potential for a summer rally this year. Since its creation in 1896, the Dow Jones Industrial Average&nbsp;at some point in June, July or August has been 7.34% higher on average than where it stood at the end of May.</p>\n<p>Before you rush to put new money into the U.S. stock market, you should know that profiting from this potential isn’t as straightforward as it seems. It would not be a good idea, for example, to simply place a market order at the end of May to sell if the Dow rises 7.34% by Labor Day. That’s because 7.34% is an average. In some years the Dow has gained far less. In fact, at times the Dow at no point in June, July or August was higher than where it stood at the end of May.</p>\n<p>Moreover, there’s nothing special about the market’s rally potential during the summer. This is illustrated in the chart below, reflecting the Dow’s 125-year history. Each month’s column in the chart represents the Dow’s average gain from the end of that month to its higher close at any point over the subsequent three months.</p>\n<p><img src=\"https://static.tigerbbs.com/d8adc67c9010c2a767ff19ec543d51ae\" tg-width=\"1260\" tg-height=\"849\"></p>\n<p>Notice that the rally potential for several other months is just as high as for May, if not higher. At the 95% confidence level that statisticians often use to determine if a pattern is genuine, there is nothing unusual about the market’s rally potential over the three months from the end of May.</p>\n<p><b>The origins of the ‘summer rally’</b></p>\n<p>How, then, did Wall Street ever come to believe that there is a summer rally? Though I’ve never been able to discover a definitive answer, my hunch is that it traces back to around the same time decades ago in which investors began focusing on another seasonal tendency — the “Sell in May and go away” pattern. Since Wall Street doesn’t earn any commission income if traders actually go away for the summer, it would have had a powerful incentive to concoct some narrative that could entice buyers and sellers to stick around.</p>\n<p>A summer rally ingeniously fits the bill. Believing in it doesn’t require denying the sell in May premise — that the stock market is a below-average performer during the summer. All the “summer rally” requires is the belief that the market will rally at some point during the summer. So it has a superficial plausibility, but nothing more.</p>\n<p>My skepticism doesn’t mean the stock market won’t rally this summer. My point instead is that, if it does, it won’t be because of the heat.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally</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 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In ...</p>\n\n<a href=\"https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141703612","content_text":"U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In fact, all it would take is a summer rally of average magnitude.\nMany on Wall Street are excitedly talking up the potential for a summer rally this year. Since its creation in 1896, the Dow Jones Industrial Average at some point in June, July or August has been 7.34% higher on average than where it stood at the end of May.\nBefore you rush to put new money into the U.S. stock market, you should know that profiting from this potential isn’t as straightforward as it seems. It would not be a good idea, for example, to simply place a market order at the end of May to sell if the Dow rises 7.34% by Labor Day. That’s because 7.34% is an average. In some years the Dow has gained far less. In fact, at times the Dow at no point in June, July or August was higher than where it stood at the end of May.\nMoreover, there’s nothing special about the market’s rally potential during the summer. This is illustrated in the chart below, reflecting the Dow’s 125-year history. Each month’s column in the chart represents the Dow’s average gain from the end of that month to its higher close at any point over the subsequent three months.\n\nNotice that the rally potential for several other months is just as high as for May, if not higher. At the 95% confidence level that statisticians often use to determine if a pattern is genuine, there is nothing unusual about the market’s rally potential over the three months from the end of May.\nThe origins of the ‘summer rally’\nHow, then, did Wall Street ever come to believe that there is a summer rally? Though I’ve never been able to discover a definitive answer, my hunch is that it traces back to around the same time decades ago in which investors began focusing on another seasonal tendency — the “Sell in May and go away” pattern. Since Wall Street doesn’t earn any commission income if traders actually go away for the summer, it would have had a powerful incentive to concoct some narrative that could entice buyers and sellers to stick around.\nA summer rally ingeniously fits the bill. Believing in it doesn’t require denying the sell in May premise — that the stock market is a below-average performer during the summer. All the “summer rally” requires is the belief that the market will rally at some point during the summer. So it has a superficial plausibility, but nothing more.\nMy skepticism doesn’t mean the stock market won’t rally this summer. My point instead is that, if it does, it won’t be because of the heat.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363609324,"gmtCreate":1614130126268,"gmtModify":1704888463170,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363609324","repostId":"1178144401","repostType":4,"repost":{"id":"1178144401","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1614077941,"share":"https://ttm.financial/m/news/1178144401?lang=&edition=fundamental","pubTime":"2021-02-23 18:59","market":"us","language":"en","title":"Why Tesla Took Off Standard Range Model Y From Its Offerings","url":"https://stock-news.laohu8.com/highlight/detail?id=1178144401","media":"Benzinga","summary":"Tesla Inc. is still offering the Model Y Standard Range, but only as an “off-the-menu” item, CEO Elo","content":"<p><b>Tesla Inc.</b>&nbsp;is still offering the Model Y Standard Range, but only as an “off-the-menu” item, CEO Elon Musk said Monday.</p>\n<p><b>What Happened</b>: The electric vehicle maker made the move apparently due to the sport utility vehicle’s low range.</p>\n<p>“It is still available off menu, but I don’t think the range, in many drive conditions, yet meets the Tesla standard of excellence,” Musk said on Twitter.</p>\n<p><b>Why It Matters:</b>As part of efforts to make some of its vehicles more affordable, Tesla had&nbsp;slashed the price of the base models&nbsp;of its Model 3 and Model Y vehicles last week. The company cut the price of the Model Y Standard Range by $2,000 to $39,990.</p>\n<p>However, Electrek reported Sunday that the Palo Alto-based company has&nbsp;stopped taking&nbsp;orders for the vehicle and also removed the model from its online configurator.</p>\n<p>The confusing moves on Tesla’s part come just over a month after it launched the Model Y Standard Range.</p>\n<p>Tesla had originally announced the cheapest version of the Model Y in 2019, but Musk said at that time the company would not produce the Standard Range due to its “unacceptably low” range of less than 250 miles.</p>\n<p><b>Price Action</b>: Tesla shares closed more than 8% lower at $714.50 on Monday.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Tesla Took Off Standard Range Model Y From Its Offerings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Tesla Took Off Standard Range Model Y From Its Offerings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-02-23 18:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Tesla Inc.</b>&nbsp;is still offering the Model Y Standard Range, but only as an “off-the-menu” item, CEO Elon Musk said Monday.</p>\n<p><b>What Happened</b>: The electric vehicle maker made the move apparently due to the sport utility vehicle’s low range.</p>\n<p>“It is still available off menu, but I don’t think the range, in many drive conditions, yet meets the Tesla standard of excellence,” Musk said on Twitter.</p>\n<p><b>Why It Matters:</b>As part of efforts to make some of its vehicles more affordable, Tesla had&nbsp;slashed the price of the base models&nbsp;of its Model 3 and Model Y vehicles last week. The company cut the price of the Model Y Standard Range by $2,000 to $39,990.</p>\n<p>However, Electrek reported Sunday that the Palo Alto-based company has&nbsp;stopped taking&nbsp;orders for the vehicle and also removed the model from its online configurator.</p>\n<p>The confusing moves on Tesla’s part come just over a month after it launched the Model Y Standard Range.</p>\n<p>Tesla had originally announced the cheapest version of the Model Y in 2019, but Musk said at that time the company would not produce the Standard Range due to its “unacceptably low” range of less than 250 miles.</p>\n<p><b>Price Action</b>: Tesla shares closed more than 8% lower at $714.50 on Monday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178144401","content_text":"Tesla Inc. is still offering the Model Y Standard Range, but only as an “off-the-menu” item, CEO Elon Musk said Monday.\nWhat Happened: The electric vehicle maker made the move apparently due to the sport utility vehicle’s low range.\n“It is still available off menu, but I don’t think the range, in many drive conditions, yet meets the Tesla standard of excellence,” Musk said on Twitter.\nWhy It Matters:As part of efforts to make some of its vehicles more affordable, Tesla had slashed the price of the base models of its Model 3 and Model Y vehicles last week. The company cut the price of the Model Y Standard Range by $2,000 to $39,990.\nHowever, Electrek reported Sunday that the Palo Alto-based company has stopped taking orders for the vehicle and also removed the model from its online configurator.\nThe confusing moves on Tesla’s part come just over a month after it launched the Model Y Standard Range.\nTesla had originally announced the cheapest version of the Model Y in 2019, but Musk said at that time the company would not produce the Standard Range due to its “unacceptably low” range of less than 250 miles.\nPrice Action: Tesla shares closed more than 8% lower at $714.50 on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385660452,"gmtCreate":1613543705976,"gmtModify":1704881827699,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>yes. Go go go","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>yes. Go go go","text":"$Taiwan Semiconductor Manufacturing(TSM)$yes. Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385660452","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319724428,"gmtCreate":1611626354264,"gmtModify":1704861467308,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Thumb up!!","listText":"Thumb up!!","text":"Thumb up!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319724428","repostId":"2106423324","repostType":2,"repost":{"id":"2106423324","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1611609062,"share":"https://ttm.financial/m/news/2106423324?lang=&edition=fundamental","pubTime":"2021-01-26 05:11","market":"us","language":"en","title":"This Earnings Week Will Be A Busy One","url":"https://stock-news.laohu8.com/highlight/detail?id=2106423324","media":"Benzinga","summary":"Apple Inc (NASDAQ: AAPL), Facebook Inc (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), and Tesla Inc (NASD","content":"<html><body><p><strong>Apple Inc</strong> (NASDAQ:AAPL), <strong><a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc </strong>(NASDAQ:FB), <strong>Microsoft Corporation </strong>(NASDAQ:MSFT), and <strong>Tesla Inc </strong>(NASDAQ:TSLA) are ready to report record sales this week, along with nearly a quarter of S&amp;P 500 companies scheduled to release their earnings reports. It will also be a busy week, or more precisely a busy Tuesday, for the Dow Jones Industrial Average, with <strong><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</strong> (NYSE:MMM), <strong>Johnson &amp; Johnson</strong> (NYSE:JNJ),<strong> American <a href=\"https://laohu8.com/S/EXPR\">Express</a> </strong>(NYSE:AXP) and <strong>Verizon Communications</strong> (NYSE:VZ) joining Microsoft as fourth-quarter earnings season gets into full swing.</p>\n<h4>Tuesday</h4>\n<p>The chip saga continues with <strong>Advanced Micro Devices</strong> (NASDAQ:<a href=\"https://laohu8.com/S/AMD\">AMD</a>) whose shares rose about 5% over the past week. Expectations are high due to its strong fourth quarter results and <strong>Intel Corporation's </strong>(NASDAQ:INTC) upside guidance that was issued last week. Wall Street expects earnings of $0.47 on revenue of $3.02 billion as it assumes the pandemic made a minimal disruption to its business with positive trends in the data center business and PC sales. AMD has steadily gained market share from Intel in both of these categories.</p>\n<p>Microsoft will also report after the close, with Wall Street expecting earnings of $1.64 per share on revenue of $40.18 billion. The trends of working and learning from home continue to intensify demands for Microsoft's offerings, as evidenced by the strong Q4 demand. But its biggest strength over the past year has been the commercial cloud business, and Wall Street remains strongly positive about the company's outlook for fiscal 2021 due to Azure's momentum as it's revenue was up 48% on a YoY basis in the previous quarter. This was, however, a slight deceleration from the 50% growth in Q4, and investors will want some evidence that both Azure and Microsoft's Teams that compete against <strong><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc</strong> (NASDAQ:ZM) can continue fueling its revenues to new heights.</p>\n<h4>Wednesday</h4>\n<p>Apple will report after the close, and Wall Street expects earnings of $1.40 per share on revenue of $102.76 billion. The holiday quarter is always a big quarter for Apple and it needs to meet these high expectations, as last year's quarter saw earnings of $1.25 per share on revenue of $88.5 billion. This quarter will be all about sales of the iPhone 12. However, Apple is about more than the iPhone, as its services business now accounts for almost 22% of total revenue. Last quarter, its revenue surged to a new record of $14.5 billion.</p>\n<p>Facebook will also report after the close with Wall Street expecting earnings of $3.19 per share on revenue of $26.34 billion. Facebook shares had an impressive run over the past week, suggesting that the concerns over digital advertising due to the pandemic have vanished. The social media giant topped consensus earnings expectations in each of the past eleven quarters and has missed earnings estimates just once over the past half of a decade. Yet, over the past year, its shares have been underperforming due to fears of regulatory and political risk. But if it shows a strong surge in daily and monthly active users with upbeat revenue guidance, its stock should be just fine.</p>\n<p>Tesla will report for the first time since it became part of the S&amp;P 500. Wall Street expects earnings of $1.00 per share on revenue of $10.32 billion. Tesla's shares are up 20% year to date and 99.9% since the company last reported earnings on October 21, confirming that it is not showing any signs of slowing down. Elon Musk's focus has been on executing the strategy that brought top and bottom-line improvements while delivering almost half a million vehicles in 2020. Now, the electric vehicle pioneer has to show it intends to keep pressing the gas pedal.</p>\n<h4> </h4>\n<p><em>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full </em><em>disclosure</em><em>. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: </em><em>press@iamnewswire.com</em><em> Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: </em><em>contributors@iamnewswire.com</em></p>\n<p>The post This Earnings Week Will Be a Busy One appeared first on IAM Newswire.</p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Earnings Week Will Be A Busy One</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\">\nThis Earnings Week Will Be A Busy One\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-01-26 05:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p><strong>Apple Inc</strong> (NASDAQ:AAPL), <strong><a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc </strong>(NASDAQ:FB), <strong>Microsoft Corporation </strong>(NASDAQ:MSFT), and <strong>Tesla Inc </strong>(NASDAQ:TSLA) are ready to report record sales this week, along with nearly a quarter of S&amp;P 500 companies scheduled to release their earnings reports. It will also be a busy week, or more precisely a busy Tuesday, for the Dow Jones Industrial Average, with <strong><a href=\"https://laohu8.com/S/MMM\">3M</a> Co</strong> (NYSE:MMM), <strong>Johnson &amp; Johnson</strong> (NYSE:JNJ),<strong> American <a href=\"https://laohu8.com/S/EXPR\">Express</a> </strong>(NYSE:AXP) and <strong>Verizon Communications</strong> (NYSE:VZ) joining Microsoft as fourth-quarter earnings season gets into full swing.</p>\n<h4>Tuesday</h4>\n<p>The chip saga continues with <strong>Advanced Micro Devices</strong> (NASDAQ:<a href=\"https://laohu8.com/S/AMD\">AMD</a>) whose shares rose about 5% over the past week. Expectations are high due to its strong fourth quarter results and <strong>Intel Corporation's </strong>(NASDAQ:INTC) upside guidance that was issued last week. Wall Street expects earnings of $0.47 on revenue of $3.02 billion as it assumes the pandemic made a minimal disruption to its business with positive trends in the data center business and PC sales. AMD has steadily gained market share from Intel in both of these categories.</p>\n<p>Microsoft will also report after the close, with Wall Street expecting earnings of $1.64 per share on revenue of $40.18 billion. The trends of working and learning from home continue to intensify demands for Microsoft's offerings, as evidenced by the strong Q4 demand. But its biggest strength over the past year has been the commercial cloud business, and Wall Street remains strongly positive about the company's outlook for fiscal 2021 due to Azure's momentum as it's revenue was up 48% on a YoY basis in the previous quarter. This was, however, a slight deceleration from the 50% growth in Q4, and investors will want some evidence that both Azure and Microsoft's Teams that compete against <strong><a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications Inc</strong> (NASDAQ:ZM) can continue fueling its revenues to new heights.</p>\n<h4>Wednesday</h4>\n<p>Apple will report after the close, and Wall Street expects earnings of $1.40 per share on revenue of $102.76 billion. The holiday quarter is always a big quarter for Apple and it needs to meet these high expectations, as last year's quarter saw earnings of $1.25 per share on revenue of $88.5 billion. This quarter will be all about sales of the iPhone 12. However, Apple is about more than the iPhone, as its services business now accounts for almost 22% of total revenue. Last quarter, its revenue surged to a new record of $14.5 billion.</p>\n<p>Facebook will also report after the close with Wall Street expecting earnings of $3.19 per share on revenue of $26.34 billion. Facebook shares had an impressive run over the past week, suggesting that the concerns over digital advertising due to the pandemic have vanished. The social media giant topped consensus earnings expectations in each of the past eleven quarters and has missed earnings estimates just once over the past half of a decade. Yet, over the past year, its shares have been underperforming due to fears of regulatory and political risk. But if it shows a strong surge in daily and monthly active users with upbeat revenue guidance, its stock should be just fine.</p>\n<p>Tesla will report for the first time since it became part of the S&amp;P 500. Wall Street expects earnings of $1.00 per share on revenue of $10.32 billion. Tesla's shares are up 20% year to date and 99.9% since the company last reported earnings on October 21, confirming that it is not showing any signs of slowing down. Elon Musk's focus has been on executing the strategy that brought top and bottom-line improvements while delivering almost half a million vehicles in 2020. Now, the electric vehicle pioneer has to show it intends to keep pressing the gas pedal.</p>\n<h4> </h4>\n<p><em>This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full </em><em>disclosure</em><em>. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: </em><em>press@iamnewswire.com</em><em> Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: </em><em>contributors@iamnewswire.com</em></p>\n<p>The post This Earnings Week Will Be a Busy One appeared first on IAM Newswire.</p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","AXP":"美国运通","MMM":"3M","TSLA":"特斯拉","VZ":"威瑞森","MSFT":"微软","JNJ":"强生","AAPL":"苹果","ZM":"Zoom","INTC":"英特尔"},"source_url":"https://www.benzinga.com/node/19298372","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106423324","content_text":"Apple Inc (NASDAQ:AAPL), Facebook Inc (NASDAQ:FB), Microsoft Corporation (NASDAQ:MSFT), and Tesla Inc (NASDAQ:TSLA) are ready to report record sales this week, along with nearly a quarter of S&P 500 companies scheduled to release their earnings reports. It will also be a busy week, or more precisely a busy Tuesday, for the Dow Jones Industrial Average, with 3M Co (NYSE:MMM), Johnson & Johnson (NYSE:JNJ), American Express (NYSE:AXP) and Verizon Communications (NYSE:VZ) joining Microsoft as fourth-quarter earnings season gets into full swing.\nTuesday\nThe chip saga continues with Advanced Micro Devices (NASDAQ:AMD) whose shares rose about 5% over the past week. Expectations are high due to its strong fourth quarter results and Intel Corporation's (NASDAQ:INTC) upside guidance that was issued last week. Wall Street expects earnings of $0.47 on revenue of $3.02 billion as it assumes the pandemic made a minimal disruption to its business with positive trends in the data center business and PC sales. AMD has steadily gained market share from Intel in both of these categories.\nMicrosoft will also report after the close, with Wall Street expecting earnings of $1.64 per share on revenue of $40.18 billion. The trends of working and learning from home continue to intensify demands for Microsoft's offerings, as evidenced by the strong Q4 demand. But its biggest strength over the past year has been the commercial cloud business, and Wall Street remains strongly positive about the company's outlook for fiscal 2021 due to Azure's momentum as it's revenue was up 48% on a YoY basis in the previous quarter. This was, however, a slight deceleration from the 50% growth in Q4, and investors will want some evidence that both Azure and Microsoft's Teams that compete against Zoom Video Communications Inc (NASDAQ:ZM) can continue fueling its revenues to new heights.\nWednesday\nApple will report after the close, and Wall Street expects earnings of $1.40 per share on revenue of $102.76 billion. The holiday quarter is always a big quarter for Apple and it needs to meet these high expectations, as last year's quarter saw earnings of $1.25 per share on revenue of $88.5 billion. This quarter will be all about sales of the iPhone 12. However, Apple is about more than the iPhone, as its services business now accounts for almost 22% of total revenue. Last quarter, its revenue surged to a new record of $14.5 billion.\nFacebook will also report after the close with Wall Street expecting earnings of $3.19 per share on revenue of $26.34 billion. Facebook shares had an impressive run over the past week, suggesting that the concerns over digital advertising due to the pandemic have vanished. The social media giant topped consensus earnings expectations in each of the past eleven quarters and has missed earnings estimates just once over the past half of a decade. Yet, over the past year, its shares have been underperforming due to fears of regulatory and political risk. But if it shows a strong surge in daily and monthly active users with upbeat revenue guidance, its stock should be just fine.\nTesla will report for the first time since it became part of the S&P 500. Wall Street expects earnings of $1.00 per share on revenue of $10.32 billion. Tesla's shares are up 20% year to date and 99.9% since the company last reported earnings on October 21, confirming that it is not showing any signs of slowing down. Elon Musk's focus has been on executing the strategy that brought top and bottom-line improvements while delivering almost half a million vehicles in 2020. Now, the electric vehicle pioneer has to show it intends to keep pressing the gas pedal.\n \nThis article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com\nThe post This Earnings Week Will Be a Busy One appeared first on IAM Newswire.","news_type":1},"isVote":1,"tweetType":1,"viewCount":160,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":398423013,"gmtCreate":1606942788732,"gmtModify":1704967976688,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Close above 0.80 pls. :)","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Close above 0.80 pls. :)","text":"$Sundial Growers Inc.(SNDL)$Close above 0.80 pls. :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398423013","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":188458953,"gmtCreate":1623459993272,"gmtModify":1704204146784,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188458953","repostId":"2142204074","repostType":4,"repost":{"id":"2142204074","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623441637,"share":"https://ttm.financial/m/news/2142204074?lang=&edition=fundamental","pubTime":"2021-06-12 04:00","market":"us","language":"en","title":"S&P ekes out gains to close languid week","url":"https://stock-news.laohu8.com/highlight/detail?id=2142204074","media":"Reuters","summary":"NEW YORK, June 11  - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th","content":"<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</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>S&P ekes out gains to close languid week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nS&P ekes out gains to close languid week\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 04:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 11 (Reuters) - The S&amp;P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.</p>\n<p>Economically sensitive smallcaps and transports&nbsp;notched solid gains, outperforming the broader market.</p>\n<p>For the week, the S&amp;P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.</p>\n<p>But the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.</p>\n<p>\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"</p>\n<p>\"So, investors are going to wait until earnings season.\"</p>\n<p>The Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.</p>\n<p>Investors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.</p>\n<p>\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.</p>\n<p>Benchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.</p>\n<p>The Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's</p>\n<p>Alzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.</p>\n<p>Biogen shares, along with the broader healthcare sector&nbsp;ended the session lower.</p>\n<p>Unofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&amp;P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite&nbsp;added 49.09 points, or 0.35%, to 14,069.42.</p>\n<p>Among the 11 major sectors in the S&amp;P 500, healthcare suffered the biggest percentage drop.</p>\n<p>Much of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.</p>\n<p>But meme stock moves were more muted on Friday, with AMC Entertainment outperforming.</p>\n<p>(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","QID":"纳指两倍做空ETF","TQQQ":"纳指三倍做多ETF",".IXIC":"NASDAQ Composite","SH":"标普500反向ETF","DDM":"道指两倍做多ETF","DJX":"1/100道琼斯","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF","IVV":"标普500指数ETF","UDOW":"道指三倍做多ETF-ProShares","DOG":"道指反向ETF","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","SQQQ":"纳指三倍做空ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","QQQ":"纳指100ETF","SDS":"两倍做空标普500ETF",".DJI":"道琼斯","DXD":"道指两倍做空ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142204074","content_text":"NEW YORK, June 11 (Reuters) - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.\nEconomically sensitive smallcaps and transports notched solid gains, outperforming the broader market.\nFor the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.\nBut the indexes have been range-bound, with few catalysts to move investor sentiment. Much of the focus centered on Thursday's consumer price data, which eased jitters over the duration of the current inflation wave.\n\"It’s a muted day today,\" Oliver Pursche, senior vice president at Wealthspire Advisors, in New York. \"The summer is settling in, people are slipping out of work early and there’s nothing in the news that’s going to materially drive the market in either direction.\"\n\"So, investors are going to wait until earnings season.\"\nThe Federal Reserve has repeatedly said that near-term price surges will not metastasize into lasting inflation, an assertion reflected in the University of Michigan's Consumer Sentiment report released on Friday, which showed inflation expectations easing from last month's spike.\nInvestors now turn their attention to the Fed's statement at the conclusion of next week's two-day monetary policy meeting, which will be parsed for clues regarding the central bank's timetable for raising key interest rates.\n\"Our view continues to be that inflationary data is transient and we will be around the 2% mark for the year,\" Pursche added.\nBenchmark U.S. Treasury yields posted their biggest weekly drop in nearly a year, weighing on the interest-sensitive financial sector in recent sessions.\nThe Food and Drug Administration is facing mounting criticism over its \"accelerated approval\" of Biogen Inc's\nAlzheimer's drug Aduhelm without strong evidence of its ability to combat the disease.\nBiogen shares, along with the broader healthcare sector ended the session lower.\nUnofficially, the Dow Jones Industrial Average rose 14.41 points, or 0.04%, to 34,480.65, the S&P 500 gained 8.29 points, or 0.20%, to 4,247.47 and the Nasdaq Composite added 49.09 points, or 0.35%, to 14,069.42.\nAmong the 11 major sectors in the S&P 500, healthcare suffered the biggest percentage drop.\nMuch of the trading volume this week was attributable to the ongoing social media-driven \"meme stock\" phenomenon, in which retail investors swarm around heavily shorted stocks.\nBut meme stock moves were more muted on Friday, with AMC Entertainment outperforming.\n(Reporting by Stephen Culp in New York Additional reporting by Ambar Warrick and Devik Jain in Bengaluru Editing by Matthew Lewis and Cynthia Osterman)","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187678022,"gmtCreate":1623753767566,"gmtModify":1704210571806,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/187678022","repostId":"1142697857","repostType":2,"repost":{"id":"1142697857","kind":"news","pubTimestamp":1623752468,"share":"https://ttm.financial/m/news/1142697857?lang=&edition=fundamental","pubTime":"2021-06-15 18:21","market":"us","language":"en","title":"Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse","url":"https://stock-news.laohu8.com/highlight/detail?id=1142697857","media":"Bloomberg","summary":"Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on","content":"<ul>\n <li>Fed wants to normalize relations with Congress, markets</li>\n <li>Policy makers may begin months-long talks on taper Tuesday</li>\n</ul>\n<p>The Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.</p>\n<p>After spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meeting that kicks off on Tuesday.</p>\n<p>Even so, actual steps in that direction by Chair Jerome Powell and his colleagues are likely still months off.</p>\n<p>Weaning Wall Street and Washington off the Fed’s extraordinary largesse won’t be easy. Since Covid-19 struck the U.S. in March 2020, the central bank has brought more than $2.5 trillion of U.S. Treasury debt, effectively covering more than half of the federal government’s red ink over that time.</p>\n<p><img src=\"https://static.tigerbbs.com/f845f5d5fa4baccad7e30207df549d71\" tg-width=\"620\" tg-height=\"348\">That buying -- together with about $870 billion in purchases of mortgage-backed securities -- has flooded the financial markets with liquidity, contributing to a doubling of the stock market from its pandemic low.</p>\n<p>“It will be like crawling along a knife-edge ridge,” former Bank of England policy maker Charles Goodhart said of the task facing the Fed. “If you do too little you’ll find inflation will just go on accelerating. If you do too much you get into a financial crisis and a recession.”</p>\n<p>Fed officials have said they want to see “substantial further progress” toward their goals of maximum employment and average 2% inflation before reducing current asset purchases of $120 billion per month. None are suggesting that they’re close to achieving that, though some have pressed for discussions to begin on a plan for tapering that buying.</p>\n<p>As Powell has pointed out more than once, payrolls are still substantially below where they were pre-pandemic -- some 7.6 million jobs short, according to the May employment report. And while inflation recently has proven surprisingly rapid -- consumer prices climbed 5% in May from a year earlier -- Powell and other Fed officials have argued that the rise is mostly transitory, the result of temporary bottlenecks as the economy reopens and low readings a year ago when it shut down.</p>\n<p><b>Price Pressures Heat Up</b></p>\n<p>U.S. core and headline inflation both increased more than forecast in May</p>\n<p><img src=\"https://static.tigerbbs.com/320b6b6419ac9bcbe999007f7786196f\" tg-width=\"643\" tg-height=\"330\">“Why would the Fed try to fix bottleneck-driven inflation by signaling earlier rate hikes and hitting demand?” Julia Coronado, president of MacroPolicy Perspectives, asked in a June 14 tweet.</p>\n<p>Instead, after years of falling short of their inflation goal, policy makers will “err on the side of patience” in scaling back stimulus, said former Fed official David Wilcox, who is now at the Peterson Institute for International Economics.</p>\n<p>Powell’s past and potential future also argue for patience. As a Fed governor in 2013, he was among those pushing then-Chairman Ben Bernanke to roll back quantitative easing, only to see the financial markets throw a “taper tantrum” at the mere suggestion such a policy shift was coming.</p>\n<p>With his own term as Fed chair up next February, Powell has an extra incentive to avoid a repeat of such turbulence.</p>\n<p>“While the Fed is an independent institution, its leadership, up for reappointment next year, could not totally ignore the dim view the administration and Democratic Congress would take toward a shift to a more pre-emptive policy stance,” Deutsche Bank chief economist David Folkerts-Landau and colleagues wrote in a June 7 report.</p>\n<p>Some three-quarters of economists surveyed by Bloomberg last week said they expect the Fed to announce between August and year-end that it will begin paring its purchases, with one-third forecasting it won’t fire the starting gun until December.</p>\n<p>It’s not just the timing of the taper that’s up for discussion. So too are its composition and pace.</p>\n<p>The Fed has faced criticism from within and outside the organization for continuing to buy $40 billion of mortgage-backed securities per month while house prices are surging. Vice Chair Randal Quarles said last month that the Fed would “certainly” look at that issue in the context of its taper discussions.</p>\n<p><b>Steady Pace</b></p>\n<p>The last time the Fed wound up a quantitative easing program, in 2014, it shrank its asset purchases at a steady pace.</p>\n<p>“Investors may be lulled into a false sense of security by that experience,” former Fed official William English told a June 8 Deutsche Bank webinar. Given all the uncertainty surrounding the post pandemic economy, “it’s not necessarily going to be the case that the Fed is going to taper in steady steps.”</p>\n<p>Much may depend on the financial markets. American Enterprise Institute resident fellow Desmond Lachman said the ultra-easy monetary policy being pursued by the Fed and other major central banks has led to an “everything asset price bubble,” with stock, credit and housing markets all frothy.</p>\n<p>“The chance of the bubble bursting is all the greater if the Fed is behind the curve,” he said.</p>\n<p>English, who is now at the Yale School of Management, said it’s going to be politically hard for the Fed to wind up its asset purchases and increase interest rates because that will boost the government’s borrowing costs.</p>\n<p>“The Fed is going to come under a lot of criticism for raising rates and making budget choices for the Congress considerably tougher,” he said, adding, “At some level, the Fed needs to both normalize policy but also normalize its relationship with the government.”</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>Fed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Poised to Crawl Onto ‘Knife Edge’ to Rein In Record Largesse\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 18:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on taper Tuesday\n\nThe Federal Reserve is inching toward the start of a long road to normalizing its ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-15/fed-poised-to-crawl-onto-knife-edge-to-rein-in-record-largesse","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142697857","content_text":"Fed wants to normalize relations with Congress, markets\nPolicy makers may begin months-long talks on taper Tuesday\n\nThe Federal Reserve is inching toward the start of a long road to normalizing its relationship with the rest of Washington and Wall Street.\nAfter spending the past 15 months providing unprecedented help to the federal government and investors via trillions of dollars of bond purchases, it could start preliminary discussions about scaling back that support at a pivotal two-day policy meeting that kicks off on Tuesday.\nEven so, actual steps in that direction by Chair Jerome Powell and his colleagues are likely still months off.\nWeaning Wall Street and Washington off the Fed’s extraordinary largesse won’t be easy. Since Covid-19 struck the U.S. in March 2020, the central bank has brought more than $2.5 trillion of U.S. Treasury debt, effectively covering more than half of the federal government’s red ink over that time.\nThat buying -- together with about $870 billion in purchases of mortgage-backed securities -- has flooded the financial markets with liquidity, contributing to a doubling of the stock market from its pandemic low.\n“It will be like crawling along a knife-edge ridge,” former Bank of England policy maker Charles Goodhart said of the task facing the Fed. “If you do too little you’ll find inflation will just go on accelerating. If you do too much you get into a financial crisis and a recession.”\nFed officials have said they want to see “substantial further progress” toward their goals of maximum employment and average 2% inflation before reducing current asset purchases of $120 billion per month. None are suggesting that they’re close to achieving that, though some have pressed for discussions to begin on a plan for tapering that buying.\nAs Powell has pointed out more than once, payrolls are still substantially below where they were pre-pandemic -- some 7.6 million jobs short, according to the May employment report. And while inflation recently has proven surprisingly rapid -- consumer prices climbed 5% in May from a year earlier -- Powell and other Fed officials have argued that the rise is mostly transitory, the result of temporary bottlenecks as the economy reopens and low readings a year ago when it shut down.\nPrice Pressures Heat Up\nU.S. core and headline inflation both increased more than forecast in May\n“Why would the Fed try to fix bottleneck-driven inflation by signaling earlier rate hikes and hitting demand?” Julia Coronado, president of MacroPolicy Perspectives, asked in a June 14 tweet.\nInstead, after years of falling short of their inflation goal, policy makers will “err on the side of patience” in scaling back stimulus, said former Fed official David Wilcox, who is now at the Peterson Institute for International Economics.\nPowell’s past and potential future also argue for patience. As a Fed governor in 2013, he was among those pushing then-Chairman Ben Bernanke to roll back quantitative easing, only to see the financial markets throw a “taper tantrum” at the mere suggestion such a policy shift was coming.\nWith his own term as Fed chair up next February, Powell has an extra incentive to avoid a repeat of such turbulence.\n“While the Fed is an independent institution, its leadership, up for reappointment next year, could not totally ignore the dim view the administration and Democratic Congress would take toward a shift to a more pre-emptive policy stance,” Deutsche Bank chief economist David Folkerts-Landau and colleagues wrote in a June 7 report.\nSome three-quarters of economists surveyed by Bloomberg last week said they expect the Fed to announce between August and year-end that it will begin paring its purchases, with one-third forecasting it won’t fire the starting gun until December.\nIt’s not just the timing of the taper that’s up for discussion. So too are its composition and pace.\nThe Fed has faced criticism from within and outside the organization for continuing to buy $40 billion of mortgage-backed securities per month while house prices are surging. Vice Chair Randal Quarles said last month that the Fed would “certainly” look at that issue in the context of its taper discussions.\nSteady Pace\nThe last time the Fed wound up a quantitative easing program, in 2014, it shrank its asset purchases at a steady pace.\n“Investors may be lulled into a false sense of security by that experience,” former Fed official William English told a June 8 Deutsche Bank webinar. Given all the uncertainty surrounding the post pandemic economy, “it’s not necessarily going to be the case that the Fed is going to taper in steady steps.”\nMuch may depend on the financial markets. American Enterprise Institute resident fellow Desmond Lachman said the ultra-easy monetary policy being pursued by the Fed and other major central banks has led to an “everything asset price bubble,” with stock, credit and housing markets all frothy.\n“The chance of the bubble bursting is all the greater if the Fed is behind the curve,” he said.\nEnglish, who is now at the Yale School of Management, said it’s going to be politically hard for the Fed to wind up its asset purchases and increase interest rates because that will boost the government’s borrowing costs.\n“The Fed is going to come under a lot of criticism for raising rates and making budget choices for the Congress considerably tougher,” he said, adding, “At some level, the Fed needs to both normalize policy but also normalize its relationship with the government.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188451905,"gmtCreate":1623459960607,"gmtModify":1704204145329,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/188451905","repostId":"2142823202","repostType":2,"repost":{"id":"2142823202","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623453000,"share":"https://ttm.financial/m/news/2142823202?lang=&edition=fundamental","pubTime":"2021-06-12 07:10","market":"hk","language":"en","title":"Inflation scare? Look at this chart before freaking out","url":"https://stock-news.laohu8.com/highlight/detail?id=2142823202","media":"Dow Jones","summary":"Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n\nInfl","content":"<blockquote>\n Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n</blockquote>\n<p>Inflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, <a href=\"https://laohu8.com/S/AONE\">one</a> economist argued Friday.</p>\n<p>In a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:</p>\n<p>The chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.</p>\n<p>It shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.</p>\n<p>It's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..</p>\n<p>What's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.</p>\n<p>But what would a more enduring inflation threat look like?</p>\n<p>In that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.</p>\n<p>While inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.</p>\n<p>See:Treasury yields fall despite rising inflation -- here are some reasons why</p>\n<p>Higher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&amp;P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.</p>\n<p>The Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.</p>\n<p>And some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.</p>\n<p>\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"</p>\n<p>Pearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"</p>\n<p>\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"</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>Inflation scare? Look at this chart before freaking out</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\">\nInflation scare? Look at this chart before freaking out\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\">2021-06-12 07:10</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n</blockquote>\n<p>Inflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, <a href=\"https://laohu8.com/S/AONE\">one</a> economist argued Friday.</p>\n<p>In a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:</p>\n<p>The chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.</p>\n<p>It shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.</p>\n<p>It's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..</p>\n<p>What's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.</p>\n<p>But what would a more enduring inflation threat look like?</p>\n<p>In that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.</p>\n<p>While inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.</p>\n<p>See:Treasury yields fall despite rising inflation -- here are some reasons why</p>\n<p>Higher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&amp;P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.</p>\n<p>The Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.</p>\n<p>And some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.</p>\n<p>\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"</p>\n<p>Pearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"</p>\n<p>\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"</p>\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","SPY":"标普500ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142823202","content_text":"Breakdown of price rises not in line with enduring inflation surge, says UniCredit's Vernazza.\n\nInflation is on the rise in America, but if price pressures were likely to persist, contrary to the Federal Reserve's expectations, the data would be painting a different picture, one economist argued Friday.\nIn a note to clients, Daniel Vernazza, chief international economist at UniCredit Bank, highlighted the complicated but interesting chart below:\nThe chart plots the change in prices (vertical axis) against the change in spending (horizontal axis) relative to pre-pandemic levels in February 2020, by industry. It uses the personal-consumption expenditures deflator instead of the consumer-price index because PCE is the Fed's preferred measure of inflation and to make better comparisons with spending data.\nIt shows that most items have moved backward and forward along the horizontal axis, implying that prices have shown little sensitivity to changes in demand, Vernazza explained. And for service sectors hit particuarly hard by the pandemic, including airfares and accommodation, the reopening of the econony has led to only a partial recovery of prices, which are still not back to pre-pandemic levels.\nIt's a somewhat different story for car rentals, where acute supply shortages have caused prices to surge, while spending in the sector remains well below pre-pandemic levels because of limited supply. For used cars, the combination of a switch away from public transport by commuters and a global shortage of semiconductors for new cars has pushed up both demand and prices, he said..\nWhat's important to note, Vernazza said, is that since higher inflation is largely explained by the reopening of the economy and supply shortages, it's likely to prove temporary as the direct effects of the pandemic fade and supply adjusts to meet demand.\nBut what would a more enduring inflation threat look like?\nIn that case, most of the items would occupy the upper-right quadrant of the chart, reflecting what economists refer to as \"demand-pull inflation,\" Vernazza said. To date, \"this is clearly not the case,\" the economist wrote.\nWhile inflation jitters rattled financial markets as recently as last month, investor concerns have appeared to wane. Treasurys rallied Thursday, despite another hotter-than-expected consumer-price index reading , sending the yield on the 10-year Treasury note below 1.45%.\nSee:Treasury yields fall despite rising inflation -- here are some reasons why\nHigher inflation is typically seen as bad news for bonds, eroding the value of the interest payments delivered to holders. Stocks rallied Thursday, with the S&P 500 edging to a record close on Thursday, while the Dow Jones Industrial Average remains not far off its all-time high and rallying tech shares, which are more sensitive to interest rates, pushed the Nasdaq Composite higher.\nThe Federal Reserve holds a policy meeting next week. While Fed officials have largely stuck to their view that inflation pressures will prove \"transitory,\" several have also said it's time to begin thinking about when it would be appropriate to discuss pulling back on asset purchases at the center of its extraordinary monetary policy efforts to support the economy and heal the labor market.\nAnd some economists caution that signs of inflationary pressures in more cyclical segments of the economy are beginning to emerge.\n\"Both rent and owners' equivalent rent have staged a clear turnaround over recent months, and food-away-from-home prices surged by 0.6%,\" said Michael Pearce, senior U.S. economist at Capital Economics, in a note. \"It is no coincidence that rents and restaurant prices are rising more rapidly when wage growth is also accelerating.\"\nPearce said a continued surge in job openings shows that worker shortages \"are real and intensifying.\"\n\"The recent strength of inflation and signs of labor shortages could prompt a handful of hawkish regional Fed presidents to bring forward their projections for rate increases and strengthen calls for tapering asset purchases sooner rather than later at next week's FOMC meeting,\" he wrote. \"But we suspect the majority on the committee will stick to the 'largely transitory' language and instead emphasize the yawning shortfall in employment from pre-pandemic levels.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":393213414,"gmtCreate":1606311942038,"gmtModify":1704965070710,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/BLNK\">$Blink Charging(BLNK)$</a>Go up!!&nbsp;","listText":"<a href=\"https://laohu8.com/S/BLNK\">$Blink Charging(BLNK)$</a>Go up!!&nbsp;","text":"$Blink Charging(BLNK)$Go up!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/393213414","isVote":1,"tweetType":1,"viewCount":681,"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":163526579,"gmtCreate":1623889501391,"gmtModify":1703822503010,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay&nbsp;","listText":"Okay&nbsp;","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/163526579","repostId":"2144289713","repostType":2,"repost":{"id":"2144289713","kind":"news","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":1623886004,"share":"https://ttm.financial/m/news/2144289713?lang=&edition=fundamental","pubTime":"2021-06-17 07:26","market":"us","language":"en","title":"'Meme' stock prices may not properly reflect demand -NYSE president","url":"https://stock-news.laohu8.com/highlight/detail?id=2144289713","media":"Reuters","summary":"NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of tr","content":"<p>NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.</p>\n<p>\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.</p>\n<p>Shares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.</p>\n<p>\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.</p>\n<p>\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.</p>\n<p>Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.</p>\n<p>In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.</p>\n<p>The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.</p>\n<p>Retail brokers say payment for order flow lowers overall costs for individual traders.</p>\n<p>But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.</p>\n<p>The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>'Meme' stock prices may not properly reflect demand -NYSE president</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n'Meme' stock prices may not properly reflect demand -NYSE president\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 07:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.</p>\n<p>\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.</p>\n<p>Shares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.</p>\n<p>\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.</p>\n<p>\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.</p>\n<p>Retail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.</p>\n<p>In meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.</p>\n<p>The majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.</p>\n<p>Retail brokers say payment for order flow lowers overall costs for individual traders.</p>\n<p>But the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.</p>\n<p>The review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","AMC":"AMC院线","GME":"游戏驿站",".DJI":"道琼斯","BB":"黑莓",".SPX":"S&P 500 Index"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144289713","content_text":"NEW YORK (Reuters) - The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.\n\"Meme stocks,\" which often start as low-priced, highly shorted stocks that users of online forums such as Reddit's WallStreetBets rally behind, are some of the most heavily traded and volatile shares on any given day.\nShares of companies like video game retailer GameStop Corp and theater chain operator AMC Entertainment have whipsawed this year, with GameStop having rallied more than 1,600% in January alone, prompting trading halts by some brokers and sparking Congressional and regulatory hearings.\n\"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic,\" said Stacey Cunningham, president of Intercontinental Exchange Inc's NYSE.\n\"That price formation is not really reflective of what supply and demand is,\" she said at a conference hosted by CNBC.\nRetail trading surged during the coronavirus pandemic, helped by a shift by retail brokerages to commission-free trading, with individual traders now responsible for around 35% of market volume, up from 20% pre-pandemic.\nIn meme stocks, individual traders contribute as much as 70% of the volume, Cunningham said.\nThe majority of retail orders bypass exchanges because of an arrangement called payment for order flow, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the best market price or better.\nRetail brokers say payment for order flow lowers overall costs for individual traders.\nBut the practice raises conflict of interest questions and will be included in a broad review of stock market rules, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said last week.\nThe review will also examine whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gensler said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182056668,"gmtCreate":1623548426854,"gmtModify":1704205772631,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182056668","repostId":"1191179846","repostType":4,"repost":{"id":"1191179846","kind":"news","pubTimestamp":1623536312,"share":"https://ttm.financial/m/news/1191179846?lang=&edition=fundamental","pubTime":"2021-06-13 06:18","market":"us","language":"en","title":"Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million","url":"https://stock-news.laohu8.com/highlight/detail?id=1191179846","media":"cnbc","summary":"KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed ","content":"<div>\n<p>KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.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>Blue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million</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\">\nBlue Origin auctions seat on first spaceflight with Jeff Bezos for $28 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-13 06:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/12/jeff-bezos-blue-origin-auctions-spaceflight-seat-for-28-million.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1191179846","content_text":"KEY POINTS\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat Saturday on its first crewed spaceflight scheduled on July 20.\nThe winning bidder will fly to the edge of space with the Amazon founder and his brother Mark on Blue Origin’s New Shepard rocket.\nNew Shepard, a rocket that carries a capsule to an altitude of over 340,000 feet, has flown more than a dozen successful test flights without passengers.\n\nJeff Bezos’ space venture Blue Origin auctioned off a seat on its upcoming first crewed spaceflight on Saturday for $28 million.\nThe winning bidder,whose name wasn’t released,will fly to the edge of space with theAmazonfounder and his brother Markon Blue Origin’s New Shepard rocket scheduled to launch on July 20.The company said it will reveal the name of the auction winner in the coming weeks.\nBidding opened at $4.8 million but surpassed $20 million within the first few minutes of the auction. The auction’s proceeds will be donated to Blue Origin’s education-focused nonprofit Club for the Future, which supports kids interested in future STEM careers.\nBlue Origin director of astronaut and orbital sales Ariane Cornell said during the auction webcast that New Shepard’s first passenger flight will carry four people, including Bezos, his brother, the auction winner and a fourth person to be announced later.\nAutonomous spaceflight\nNew Shepard, a rocket that carries a capsule to an altitude of over 340,000 feet, has flown more than a dozen successful test flights without passengers, including one in April at the company’s facility in the Texas desert. It’s designed to carry up to six people and flies autonomously — without needing a pilot. The capsule has massive windows to give passengers a view of the earth below during about three minutes in zero gravity, before returning to Earth.\nBlue Origin’s system launches vertically, and both the rocket and capsule are reusable. The boosters land vertically on a concrete pad at the company’s facility in Van Horn, Texas, while the capsules land using a set of parachutes.\nBezos founded Blue Origin in 2000 and still owns the company, funding it through share sales of his Amazon stock.\nJuly 20 is notable because it also marks the 52nd anniversary of the Apollo 11 moon landing.\nBranson and Musk\nBezos and fellow billionairesElon MuskandSir Richard Bransonarein a race to get to space, but each in different ways.Bezos’ Blue Origin and Branson’sVirgin Galacticare competing to take passengers on short flights to the edge of space, a sector known as suborbital tourism, while Musk’s SpaceX is launching private passengers on further, multi-day flights, in what is known as orbital tourism.\nBoth Blue Origin and Virgin Galactic have been developing rocket-powered spacecraft, but that is where the similarities end. While Blue Origin’s New Shepard rocket launches vertically from the ground,Virgin Galactic’s SpaceShipTwo system is released mid-air and returns to Earth in a glidefor a runway landing, like an aircraft.\nVirgin Galactic’s system is also flown by two pilots, while Blue Origin’s launches without one.Branson’s company has also flown a test spaceflight with a passenger onboard, although the company has three spaceflight tests remainingbefore it begins flying commercial customers– which is planned to start in 2022.\nSpaceX launches its Crew Dragon spacecraft to orbit atop its reusable Falcon 9 rocket, havingsent 10 astronauts to the International Space Station on three missions to date.\nIn addition to the government flights, Musk’s company is planning to launch multiple private astronaut missions in the year ahead – beginning withthe all-civilian Inspiration4 missionthat is planned for September. SpaceX is also launchingat least four private missions for Axiom Space, starting early next year.\nBlue Origin’s auction may have netted $28 million, but a seat on a suborbital spacecraft is typically much less expensive. Virgin Galactic has historically sold reservations between $200,000 and $250,000 per ticket, and more recently charged the Italian Air Force about $500,000 per ticket for a training spaceflight.\nMusk’s orbital missions are more costly than the suborbital flights, with NASA paying SpaceX about $55 million per seat for spaceflights to the ISS.","news_type":1},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385660452,"gmtCreate":1613543705976,"gmtModify":1704881827699,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>yes. Go go go","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>yes. Go go go","text":"$Taiwan Semiconductor Manufacturing(TSM)$yes. Go go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385660452","isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":398423013,"gmtCreate":1606942788732,"gmtModify":1704967976688,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Close above 0.80 pls. :)","listText":"<a href=\"https://laohu8.com/S/SNDL\">$Sundial Growers Inc.(SNDL)$</a>Close above 0.80 pls. :)","text":"$Sundial Growers Inc.(SNDL)$Close above 0.80 pls. :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/398423013","isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182056099,"gmtCreate":1623548411211,"gmtModify":1704205772144,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182056099","repostId":"1143408374","repostType":4,"repost":{"id":"1143408374","kind":"news","pubTimestamp":1623536483,"share":"https://ttm.financial/m/news/1143408374?lang=&edition=fundamental","pubTime":"2021-06-13 06:21","market":"us","language":"en","title":"Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=1143408374","media":"cnbc","summary":"KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, ","content":"<div>\n<p>KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.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>Branson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public</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\">\nBranson’s Virgin Orbit in talks with former Goldman partner’s SPAC for $3 billion deal to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-13 06:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"https://www.cnbc.com/2021/06/12/virgin-orbit-in-talks-with-spac-for-3-billion-deal-to-go-public.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1143408374","content_text":"KEY POINTS\n\nVirgin Orbit, the satellite launching spinoff of Sir Richard Branson’s Virgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC, CNBC confirmed on Saturday.\nThe SPAC, led by a former Goldman Sachs partner, is NextGen Acquisition II, a person familiar with the discussions told CNBC.\nA deal expected to be announced in the coming weeks, the person said.\n\nVirgin Orbit, the satellite-launching spinoff ofSir Richard Branson’sVirgin Galactic, is in advanced discussions to go public at about a $3 billion valuation through a SPAC led by a formerGoldman Sachspartner, CNBC confirmed Saturday.\nThe company is in talks on a deal withNextGen Acquisition II, a person familiar with the discussions told CNBC. NextGen II is a special purpose acquisition company led by George Mattson, who previously co-led Goldman’s global industrials group.\nSky News first reportedthe talks on Saturday, saying a deal is expected to be announced in the coming weeks. Virgin Orbit declined CNBC’s request for comment.\nThe company is a spin-off of Branson’s space tourism company Virgin Galactic.Virgin Orbit isprivately heldby Branson’s multinational conglomerate Virgin Group, with a minority stake from Abu Dhabi sovereign wealth fund Mubadala.\nVirgin Orbit uses a modified Boeing 747 aircraft to launch its rockets, a method known as air launch. Rather than launch rockets from the ground, like competitors such as Rocket Lab or Astra, the company’s aircraft carries its LauncherOne rockets up to about 45,000 feet altitude and drops them just before they fire the engine and accelerate into space –a method the company touts as more flexiblethan a ground-based system.\nLauncherOne is designed to carry small satellites that weigh up to 500 kilograms, or about 1,100 pounds,into space. Virgin Orbit completed its first successful launch in January, and plans to conduct its second later this month.\nNext Gen II raised $375 million when it completed its initial public offering in October. The funds would largely go to help Virgin Orbit scale its business. Virgin Orbit CEO Dan Hart told CNBC in October that the company was seeking to raise about $150 million in fresh capital.\nBranson took Virgin Galactic publicthrough a SPAC deal in 2019withbillionaire investor Chamath Palihapitiya.","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363609324,"gmtCreate":1614130126268,"gmtModify":1704888463170,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363609324","repostId":"1178144401","repostType":4,"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123785598,"gmtCreate":1624439366614,"gmtModify":1703836719899,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123785598","repostId":"123365486","repostType":1,"repost":{"id":123365486,"gmtCreate":1624409641545,"gmtModify":1703835740245,"author":{"id":"3556362660126855","authorId":"3556362660126855","name":"新美股探","avatar":"https://static.tigerbbs.com/5cf8396ffc78dd71d3642ef334d33b60","crmLevel":4,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3556362660126855","authorIdStr":"3556362660126855"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 <a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>iPhone 13的晶片供應充足。","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 <a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>iPhone 13的晶片供應充足。","text":"$Taiwan Semiconductor Manufacturing(TSM)$6月22日，Argus的分析師Jim Kelleher發表研究報告，首次覆蓋臺積電(TSM.US)，給予“買入”評級和150美元的目標價。該分析師表示，該公司有一個 \"積極的\"五年資本開支計劃，並且該新興芯片供應商正成爲解決全球芯片供需問題的關鍵。Kelleher補充說，鑑於對傳統IT產品的需求加速，5G和雲數據中心等週期性驅動因素，以及人工智能、物聯網和自動駕駛等長期驅動因素，因此，他認爲臺積電會存在長期意料之外的增長。此外，臺積電會在2021下半年至2022年會優先確保汽車領域和 $Apple(AAPL)$iPhone 13的晶片供應充足。","images":[{"img":"https://static.tigerbbs.com/561d8c3e6ee022f488adecce21817dd7","width":"1284","height":"2223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123365486","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160644083,"gmtCreate":1623797908742,"gmtModify":1703819495202,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160644083","repostId":"2143768049","repostType":2,"repost":{"id":"2143768049","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1623788760,"share":"https://ttm.financial/m/news/2143768049?lang=&edition=fundamental","pubTime":"2021-06-16 04:26","market":"hk","language":"en","title":"Stocks end lower, S&P 500 snaps record-breaking streak","url":"https://stock-news.laohu8.com/highlight/detail?id=2143768049","media":"Dow Jones","summary":"MW Stocks end lower, S&P 500 snaps record-breaking streak\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June","content":"<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stocks end lower, S&amp;P 500 snaps record-breaking streak\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 15, 2021 16:26 ET (20:26 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks end lower, S&P 500 snaps record-breaking streak</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.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\">\nStocks end lower, S&P 500 snaps record-breaking streak\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\">2021-06-16 04:26</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Stocks end lower, S&amp;P 500 snaps record-breaking streak\n</p>\n<pre>\n \n</pre>\n<p>\n  <a href=\"https://laohu8.com/S/END\">$(END)$</a> Dow Jones Newswires\n</p>\n<p>\n  June 15, 2021 16:26 ET (20:26 GMT)\n</p>\n<p>\n  Copyright (c) 2021 Dow Jones &amp; Company, Inc.\n</p>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","OEX":"标普100","UPRO":"三倍做多标普500ETF",".SPX":"S&P 500 Index","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares"},"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143768049","content_text":"MW Stocks end lower, S&P 500 snaps record-breaking streak\n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  June 15, 2021 16:26 ET (20:26 GMT)\n\n\n  Copyright (c) 2021 Dow Jones & Company, Inc.","news_type":1},"isVote":1,"tweetType":1,"viewCount":362,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187674718,"gmtCreate":1623753927734,"gmtModify":1704210578591,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187674718","repostId":"2143975511","repostType":2,"repost":{"id":"2143975511","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623752823,"share":"https://ttm.financial/m/news/2143975511?lang=&edition=fundamental","pubTime":"2021-06-15 18:27","market":"fut","language":"en","title":"BRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft","url":"https://stock-news.laohu8.com/highlight/detail?id=2143975511","media":"Reuters","summary":"June 15 (Reuters) - Repsol SA   :   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA","content":"<html><body><p>June 15 (Reuters) - <a href=\"https://laohu8.com/S/RPSOF\">Repsol SA</a>   :</p><p>   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> CONSORTIUM IN SPAIN</p><p>   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS</p><p>   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC)</p><p> Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft</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\">\nBRIEF-Repsol Creates Artificial Intelligence Consortium In Spain Together With Gestamp, Navantia, Tecnicas Reunidas, Telefonica And Microsoft\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-15 18:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>June 15 (Reuters) - <a href=\"https://laohu8.com/S/RPSOF\">Repsol SA</a>   :</p><p>   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE <a href=\"https://laohu8.com/S/AI\">$(AI)$</a> CONSORTIUM IN SPAIN</p><p>   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS</p><p>   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC)</p><p> Further company coverage:   </p><p> (Gdansk Newsroom)</p><p>((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2143975511","content_text":"June 15 (Reuters) - Repsol SA   :   * TOGETHER WITH GESTAMP, NAVANTIA, TECNICAS REUNIDAS, TELEFONICA AND MICROSOFT HAVE CREATED AN ARTIFICIAL INTELLIGENCE $(AI)$ CONSORTIUM IN SPAIN   * INDESIA PROJECT WILL DRIVE CREATION OF AN INTEROPERABLE INDUSTRIAL DATA PLATFORM TO FACILITATE DEVELOPMENT AND CONSUMPTION OF ARTIFICIAL INTELLIGENCE AND DATA ANALYTICS SOLUTIONS   * NEW AI CONSORTIUM, HAS THE SUPPORT OF THE BASQUE ARTIFICIAL INTELLIGENCE CENTER (BAIC) Further company coverage:    (Gdansk Newsroom)((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187673944,"gmtCreate":1623753717488,"gmtModify":1704210570189,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Hmm","listText":"Hmm","text":"Hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187673944","repostId":"1156506261","repostType":2,"repost":{"id":"1156506261","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1623726665,"share":"https://ttm.financial/m/news/1156506261?lang=&edition=fundamental","pubTime":"2021-06-15 11:11","market":"us","language":"en","title":"AMC Shorts Get Smoked Again And Options Traders Hammer Calls","url":"https://stock-news.laohu8.com/highlight/detail?id=1156506261","media":"Benzinga","summary":"AMC Entertainment Holdings, Inc. was trading up 22%, at one point, Monday afternoon amid continued r","content":"<p><b>AMC Entertainment Holdings, Inc.</b>&nbsp;was trading up 22%, at one point, Monday afternoon amid continued&nbsp;retail interest&nbsp;in squeezing institutions and hedge funds who have short positions on the stock.</p>\n<p>Between May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.</p>\n<p>Bullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.</p>\n<p><b>Why It’s Important:</b>When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.</p>\n<p>These types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.</p>\n<p><b>The AMC Entertainment Option Trades:</b>Below is a look at the notable options alerts, courtesy ofBenzinga Pro:</p>\n<ul>\n <li>At 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.</li>\n <li>At 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.</li>\n <li>At 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.</li>\n <li>At 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.</li>\n <li>At 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.</li>\n <li>At 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.</li>\n <li>At 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.</li>\n</ul>\n<p><b>AMC Price Action:</b>Shares of AMC Entertainment closed up 15.38% to $57.</p>\n<p></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>AMC Shorts Get Smoked Again And Options Traders Hammer Calls</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\">\nAMC Shorts Get Smoked Again And Options Traders Hammer Calls\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-15 11:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>AMC Entertainment Holdings, Inc.</b>&nbsp;was trading up 22%, at one point, Monday afternoon amid continued&nbsp;retail interest&nbsp;in squeezing institutions and hedge funds who have short positions on the stock.</p>\n<p>Between May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.</p>\n<p>Bullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.</p>\n<p><b>Why It’s Important:</b>When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.</p>\n<p>These types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.</p>\n<p><b>The AMC Entertainment Option Trades:</b>Below is a look at the notable options alerts, courtesy ofBenzinga Pro:</p>\n<ul>\n <li>At 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.</li>\n <li>At 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.</li>\n <li>At 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.</li>\n <li>At 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.</li>\n <li>At 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.</li>\n <li>At 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.</li>\n <li>At 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.</li>\n <li>At 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.</li>\n <li>At 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.</li>\n</ul>\n<p><b>AMC Price Action:</b>Shares of AMC Entertainment closed up 15.38% to $57.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156506261","content_text":"AMC Entertainment Holdings, Inc. was trading up 22%, at one point, Monday afternoon amid continued retail interest in squeezing institutions and hedge funds who have short positions on the stock.\nBetween May 24 and June 2, AMC’s stock skyrocketed 496% to $72.62 before falling 45% to $39.71 where it found a bottom. The stock has since made a run back up and on Monday gapped up just over 4%. The gap left below didn’t scare off traders who came in and immediately purchased shares and options contracts of AMC, which caused the stock to run north even further.\nBullish AMC options are betting AMC is in for an even larger squeeze and purchased hundreds of call contracts totally well over $8.68 million.\nWhy It’s Important:When a sweep order occurs, it indicates the trader wanted to get into a position quickly and is anticipating an imminent large move in stock price. A sweeper pays market price for the call option instead of placing a bid, which sweeps the order book of multiple exchanges to fill the order immediately.\nThese types of call option orders are usually made by institutions, and retail investors can find watching for sweepers useful because it indicates “smart money” has entered into a position.\nThe AMC Entertainment Option Trades:Below is a look at the notable options alerts, courtesy ofBenzinga Pro:\n\nAt 10:25 a.m., Monday a trader executed a call sweep near the ask of 200 AMC Entertainment options with a strike price of $145 expiring on July 16. The trade represented a $148,000 bullish bet for which the trader paid $7.40 per option contract.\nAt 10:36 a.m., a trader executed a call sweep near the ask of 223 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $335,615 bullish bet for which the trader paid $15.05 per option contract.\nAt 10:36 a.m., a trader executed a call sweep near the ask of 321 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $487,920 bullish bet for which the trader paid $15.20 per option contract.\nAt 10:42 a.m., a trader executed a call sweep near the ask of 220 AMC Entertainment options with a strike price of $29 expiring on June 18. The trade represented a $563,200 bullish bet for which the trader paid $25.60 per option contract.\nAt 10:52 a.m., a trader executed a call sweep near the ask of 304 AMC Entertainment options with a strike price of $60 expiring on July 2. The trade represented a $442,320 bullish bet for which the trader paid $14.55 per option contract.\nAt 10:52 a.m., a trader executed a call sweep above the ask of 615 AMC Entertainment options with a strike price of $60 expiring on June 18. The trade represented a $900,975 bullish bet for which the trader paid $14.65 per option contract.\nAt 10:59 a.m., a trader executed a call sweep near the ask of 769 AMC Entertainment options with a strike price of $40 expiring on June 18. The trade represented a $1.46 million bullish bet for which the trader paid $19.05 per option contract.\nAt 11:19 a.m., a trader executed a call sweep near the ask of 1461 AMC Entertainment options with a strike price of $85 expiring on June 18. The trade represented a $555,180 bullish bet for which the trader paid $3.80 per option contract.\nAt 11:20 a.m., a trader executed a call sweep near the ask of 719 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $738,413 bullish bet for which the trader paid $10.27 per option contract.\nAt 11:21 a.m., a trader executed a call sweep near the ask of 644 AMC Entertainment options with a strike price of $55 expiring on June 18. The trade represented a $669,760 bullish bet for which the trader paid $10.40 per option contract.\nAt 12:51 p.m., a trader executed a call sweep near the ask of 303 AMC Entertainment options with a strike price of $65 expiring on June 18. The trade represented a $209,070 bullish bet for which the trader paid $6.90 per option contract.\n\nAMC Price Action:Shares of AMC Entertainment closed up 15.38% to $57.","news_type":1},"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187670258,"gmtCreate":1623753674474,"gmtModify":1704210567932,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Good info.","listText":"Good info.","text":"Good info.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187670258","repostId":"1164323104","repostType":2,"repost":{"id":"1164323104","kind":"news","pubTimestamp":1623726988,"share":"https://ttm.financial/m/news/1164323104?lang=&edition=fundamental","pubTime":"2021-06-15 11:16","market":"us","language":"en","title":"ARK: Cathie Wood And The Exquisite Art Of Tail Gunning","url":"https://stock-news.laohu8.com/highlight/detail?id=1164323104","media":"seekingalpha","summary":"Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are ","content":"<p><b>Summary</b></p>\n<ul>\n <li>ARK Active ETFs are worth the management fee.</li>\n <li>Structured Lookback is introduced.</li>\n <li>Tails are shown to have a logical structure and consistent patterns.</li>\n <li>The concepts of Simultaneity and Sequentiality are introduced.</li>\n <li>CO/OC directional differences are important indicators that are much more useful than two-dimensional measures like standard deviation.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b1271b2416859ceba7776d3cb65f490c\" tg-width=\"768\" tg-height=\"512\"><span>phongphan5922/iStock via Getty Images</span></p>\n<p><b>The Legend of Cathie Wood and Ark Active</b></p>\n<blockquote>\n Beatrix Kiddo: I am proficient in Tiger Crane style and more than proficient in the exquisite art of the samurai sword.\n</blockquote>\n<blockquote>\n <b>Kill Bill Vol 2 - The Cruel Tutelage of Pai Mei</b>\n</blockquote>\n<p>There is no question that Cathie Wood will be elected to the Stock Picker Hall of Fame on the first year of eligibility. The last person achieving that honor was Peter Lynch.</p>\n<p>Ark Active ETFs weren't really on my radar until after&nbsp;Trading Edge&nbsp;was published on June 1. At some point, I planned to make that article more about equity groups instead of ETFs, specifically biotech. Eventually the plan changed because that seemed premature.</p>\n<p>Another reason for my lack of attention is that I usually look for issues with at least 1500 days of price history and the four horsemen of Ark Active passed that milestone less than 200 trade days ago.</p>\n<p>Some commentators have mentioned recent negative return issues with&nbsp;ARKG, noting that the natives are getting restless. The first argument has some merit and touches on technical details that will affect the entire market. But, call me a romantic, I'm OK with cutting ARK a little slack here.</p>\n<p><b>Tail Gunning</b></p>\n<p><b>Tail</b>&nbsp;is a statistical term related to&nbsp;<b>data distribution</b>. When data points are plotted, a&nbsp;<b>bell shaped curve</b>&nbsp;forms and the unusual results on either side of the curve are the tails. If the distribution is consistent with the ideal bell pattern, it is considered normal. Results of many coin flips produce a<b>normal distribution</b>, stock returns do not.</p>\n<p>This implies that&nbsp;<b>probabilities</b>&nbsp;based on normal distributions are accurate while non-normal distribution probabilities are not. This is a serious problem for the academic discipline of Finance as not understanding probabilities suggests that it cannot offer a practical methodology to mitigate&nbsp;<b>risk</b>.</p>\n<p>In this article, I will try to show that Ark Active returns are highly dependent on exploiting extreme tail activity. Hence the term&nbsp;<b>tail gunning</b>. Surprisingly, tail activity is more structured than one might initially think, so this may have some theoretical importance.</p>\n<p>ARK Active has been quite good over many years at staying on the wild side.</p>\n<p><b>The Legend of Data Manipulation</b></p>\n<p>Modern stock exchanges and casinos both appeared in the first part of the 17th century, not long after the modern rules of chess were established. Academic disciplines relevant to understanding these innovations such as calculus, linear algebra, statistics, quantum mechanics etc. slowly developed over the next 400 years.</p>\n<p>The revolutionary implications of data science have not yet been fully appreciated. Practical skill in data manipulation more than compensates for lack of formal academic knowledge in any of the other disciplines. A goal of my work is to demonstrate the soundness of this view.</p>\n<p>A trained practitioner of statistical finance won't approach the stock return problem through data manipulation. No doubt, data manipulation is my hammer, so everything else looks like a nail.</p>\n<p>Major weaknesses in the academic understanding of stuff in general include:</p>\n<ul>\n <li>Time</li>\n <li>High dimensionality</li>\n</ul>\n<p>Volatility is a function of time, claims by some financial sages that they understand volatility are prima facie absurd. Academic deficiencies can be exploited by competent users of computer power.</p>\n<p>In this article, I'll discuss how to set up and analyze market data, with attention given to the superb performance of the ARK Active ETFs.</p>\n<p><b>Price History Data</b></p>\n<p><img src=\"https://static.tigerbbs.com/d90c98591d40fa964b5d072099898d37\" tg-width=\"466\" tg-height=\"296\" referrerpolicy=\"no-referrer\"></p>\n<p>The analysis presented here, only considers the date, open and close. Financial statisticians generally consider daily open, high, and low numbers to be noise. Essentially, that is an admission of the limitations of their analytical framework.</p>\n<p>Looking at one stock at a time is wrong on many different levels. It is absolutely critical to examine groups of stocks.</p>\n<p>A mechanism is needed to produce historical daily prices for many different stocks. Prices must be adjusted for dividends and splits. The data should be stored in Excel csv workbooks where the workbook and worksheet names are the stock symbol.</p>\n<p>Databases are inappropriate for historical price analysis. Rebuilding the data at least daily from scratch is quick and eliminates many possible points of failure.</p>\n<p>It is best to solve the data problem by paying for a reliable delivery method like Norgate. Everyone who does this type of work, initially spends a lot of time figuring out how to get prices for free. I did that for about 15 years. It is good to build up the skill and understanding, but eventually the cost of inefficient use of time is substantial.</p>\n<p><b>Data Transformation - Natural Log Returns</b></p>\n<p><img src=\"https://static.tigerbbs.com/fe2b70f7a667237e2fde7818ec22248f\" tg-width=\"515\" tg-height=\"239\" referrerpolicy=\"no-referrer\"></p>\n<p>The per share price of a stock has absolutely no rational analytical relevance, assuming the investor has at least enough money to buy one share.</p>\n<p>The human mind can deal with a limited number of things at once, and with stock groups, price is too much detail. Data transformation is a methodology to remove that complexity. Here, daily prices are transformed to a return stream. That makes it easy to analyze even large groups of equities.</p>\n<p>Natural logs are the correct way to store a return stream, unless you are in a contest to find an inferior solution.</p>\n<p>The simple calculations below need to be done for each date for each stock in the group being analyzed. It only takes a few minutes on an 8th generation i7 Windows PC to do this for hundreds of stocks containing thousands of days of price history.</p>\n<p>Using 3/16 in the table above as an example:</p>\n<ul>\n <li><b>CC</b>(Close to Close) = natural log of 3/16 Close / 3/15 Close = nl(394.62/395.12) = -0.0013.</li>\n <li><b>CO</b>(Close to Open) = natural log of 3/16 Open / 3/15 Close = nl(395.77/395.12) = 0.0017.</li>\n <li><b>OC</b>(Open to Close) = natural log of 3/16 Close / 3/16 Open = nl(394.62/395.77) = -0.0029.</li>\n</ul>\n<p>The bCC/bCO/bOC columns are binary answers to the question of whether the excursion was positive (1 = positive 0 = not positive). It is quite useful to answer questions before they are asked. This same technique is used to encode strategies into a return stream.</p>\n<p>I specialize in low level stuff. For example, with the binary codes:</p>\n<ul>\n <li>If bCO = 1 and bOC = 1 Then bCC = 1</li>\n <li>If bCO = 0 and bOC = 0 Then bCC = 0</li>\n <li>otherwise, you have to check bCC.</li>\n</ul>\n<p>Probably, most people wouldn't spend months analyzing the implications of that. I'm making good progress but still not finished. xSig, discussed below is related to that analysis. The issue is that if bCC = 4, bCO = 2, and bOC = 1 to create an Octal number; 3 and 4 can't happen.</p>\n<p><b>1,400-Day Structured Lookback</b></p>\n<p><img src=\"https://static.tigerbbs.com/6a9152d4c32880ea9b67cfcfba92a528\" tg-width=\"640\" tg-height=\"451\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/816a4f84749432ed63cad49e9629fea1\" tg-width=\"640\" tg-height=\"440\" referrerpolicy=\"no-referrer\"><b>CC1400 = CO1400 + OC1400</b></p>\n<p><b>$CC1400 = $CO1400 * $OC1400</b></p>\n<p>In my&nbsp;Trading Edge article, CC1400 was called tCC.</p>\n<p><b>CO/OC Imbalance</b></p>\n<p>The CO state is clearly dominant over OC. Trading Edge even suggested this may be a permanent market feature. It is somewhat heretical to even whisper of such things. If someone refutes that, I promise not to get mad.</p>\n<p>Trading Edge considered the 3x Bulls to be the most obvious way to exploit the CO edge. ARK Active smokes the leveraged financially engineered abominations.</p>\n<p><b>Structured Lookback Design</b></p>\n<p><img src=\"https://static.tigerbbs.com/3619120948d5766322b4336d698d190f\" tg-width=\"428\" tg-height=\"275\" referrerpolicy=\"no-referrer\"></p>\n<p>I introduced date yrmolation as a concept in my&nbsp;Kabbalah articlein January. Perhaps structured lookback is a better term, if only because it has more vowels. The idea is to provide a logical methodology for creating segments of sequential time.</p>\n<p>The day is the standard market unit of time. The traditional day/week/month/year construct does not get us closer to a suitable lookback solution, and mostly just confuses the issue. Generally, one doesn't solve a problem by adding needless complexity.</p>\n<p>Every total time frame of&nbsp;<b>n days</b>, is broken into 3 consecutive periods. The first period is 1/7 the total period, the second 2/7, and the third 4/7. I worked on this backwards of course, so:</p>\n<ul>\n <li>x[1] = 200</li>\n <li>x[2] = x[1] * 2 = 400</li>\n <li>x[3] = x[1] * 4 = 800</li>\n <li>x[0] = Total days = 200 + 400 + 800 = 1400</li>\n</ul>\n<p>Another time concept is iteration. The study is labeled 200i0. i0 means iteration 0. An i1 study implies the 1400 days before 11/13/15.</p>\n<p><b>xSig logic.</b>There are three hex codes after the x. The bit values go:</p>\n<ul>\n <li>8 = xx1400</li>\n <li>4 = xx200</li>\n <li>2 = xx400</li>\n <li>1 = xx800</li>\n</ul>\n<p>xFF2 appears most often in the table. This means:</p>\n<ul>\n <li>First/F - All structured CC periods have positive returns.</li>\n <li>Second/F - All Structured CO periods have positive returns.</li>\n <li>Third/2 - All OC periods except OC400 have losses.</li>\n</ul>\n<p><b>Win Rate</b></p>\n<p>This is another critically important metric that virtually nobody looks at. In the table, the differences between CO and OC win rates are stunning.</p>\n<p><b>400-Day Segment Detail</b></p>\n<p><img src=\"https://static.tigerbbs.com/7299f454e25cd1b7c76e9270ba0d7555\" tg-width=\"640\" tg-height=\"318\" referrerpolicy=\"no-referrer\"></p>\n<p>The 400-day segment showed the best numbers for OC so it is worth looking at. All four of the time segments display simultaneously on an HD monitor; the challenge writing about them is mostly how to cut up the information for the article format. The win percentages for OC are notably higher than those seen on the 1400 day study. ARKW performs respectably here, both CO and OC, but even in the best OC environment, with the most favorable ETF, CO is not worse.</p>\n<p><b>ARKG</b></p>\n<p>ARKG performs better CO than any of the 3x Bulls CC or CO. ARK win rates are all at least 62% CO, much better than the bulls. Win rates OC are much worse. Obviously, with the strategy of playing CO, ideally we want to see all positive returns during CO and all the negative returns during OC.</p>\n<p><b>Performance Graphs</b></p>\n<blockquote>\n <img src=\"https://static.tigerbbs.com/62164faed041f049e43de95eae97d7f8\" tg-width=\"640\" tg-height=\"356\" referrerpolicy=\"no-referrer\">Sam: I never walk into a place I don't know how to walk out of.\n</blockquote>\n<blockquote>\n <b>Ronin</b>\n</blockquote>\n<p>I can see how the recent sharp excursion down to about the 38.2 fib line might freak out some of the CC players, especially those who bought near the top. Personally, I'm afraid of parabolic heights, so it is difficult for me to visualize the thought process of the players who were buying at triple digits. Guess that is why I'll never be rich.</p>\n<p>After detailed poring over the entrails and consulting entities whose names are best left unspoken, I think holding any of the ARK Active puppies CO is worth serious consideration.</p>\n<p>I was really impressed by ARK's stock selection results and watched a recent interview of Cathie, where she was confident of the funds performing at the historical pace. Needless to say, I've been curious if she knows about the CO/OC imbalance where a CO player could theoretically beat buy and hold by about a factor of 10.</p>\n<p><b>Finding Biotech Tail</b></p>\n<p>Virtually all Biotechs are part of the tail when considered with the stock universe, so all one needs is a list of suitable candidates.</p>\n<p>Biotech and Semiconductors are the two industries with the most favorable positive CO vs OC characteristics based on my research. Energy is also quite good, but I haven't looked at that sector closely. Small caps are also consistently favorable.</p>\n<p>Biotech is a bit more persistent and obvious. An ETF performs at some sort of median to the characteristics of the group it is composed of, but ETF numbers pretty much precisely reflect the characteristics of the entire group.</p>\n<p>81 biotech stocks with average daily volume greater than 300K, and current price greater than $10 were assembled. The top stocks in CC, CO, and OC will be shown below:</p>\n<p><b>Top Biotech CC</b><img src=\"https://static.tigerbbs.com/d841bf3f146ef20a3b33e5907560506f\" tg-width=\"640\" tg-height=\"398\" referrerpolicy=\"no-referrer\"><b>Top BioTech CO</b><img src=\"https://static.tigerbbs.com/75d42024dd22967d2389f0bff6f5051b\" tg-width=\"640\" tg-height=\"359\" referrerpolicy=\"no-referrer\"><b>Top Biotech OC and Median</b></p>\n<p><img src=\"https://static.tigerbbs.com/71d670bb51438ece3d1e0ea1af330418\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p>\n<p>These are just overwhelming numbers arguing for CO. A random pick in this universe is much more likely to be profitable CO than anywhere else and that profit is much more likely to exceed CC. The win rates are lower than seen in most sectors. In general, this type of analysis is a fertile avenue for research.</p>\n<p><b>CO/OC or Standard Deviation</b></p>\n<p>The tendency of stocks to move in opposite directions CO and OC can be measured as has been shown here. These movements appear to be quite persistent and consistent in direction over time. The investor gains important and usable information by studying these structures, as opposed to standard deviation.</p>\n<p>Standard deviation only measures CC and ignores violent movements during the day. A year is usually considered the proper standard deviation sample, mostly because any other length is equally worthless.</p>\n<p><b>Recent Action</b></p>\n<p>CO has not been a great performer lately. I've been noting that on my website since at least March I think. The more interesting thing is watching things unfold with a decent toolset and trying to figure out what is happening.</p>\n<p><b>252-Day Structured Lookback</b></p>\n<p><img src=\"https://static.tigerbbs.com/8d0b19158fd2c03a403a0b4e050337e5\" tg-width=\"640\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>\n<p>I'll stick with natural log results only in this pass. A natural log of 0.69 is doubling your money. 0.72 for ARKG is CV$1 2.06. All of the puppies at least tripled CO except for ARKW. Not bad for a year. Note the CO win rate.</p>\n<p>xSig is weaker than long term as xFF is no longer showing. As time ranges get longer, xFF gets more common.</p>\n<p><img src=\"https://static.tigerbbs.com/56d55c932d2bf44bdbc6453973b0deca\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>I guess the CC players got annoyed that things were better at this end point than 6/11/21. CO win rates are about the best I've ever seen.</p>\n<p><img src=\"https://static.tigerbbs.com/8545852036c8982dbfe9b43f7a5cbadb\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>Win rates seriously dropped from the 144 day segment. The Biotech correction started February 9th.</p>\n<p><img src=\"https://static.tigerbbs.com/b8a78565860d28888443a05446a954fc\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The ARKG pattern starts with a double top. LABU and XBI made a single top, with a nice dark cloud cover candle that worked out for a change. In some parallel universes, they always work.</p>\n<p><img src=\"https://static.tigerbbs.com/05104399c4fdd23a584cf50f2b0c17f1\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The black candles show the day traders getting slapped. No big deal for CO players. I'm happy I wasn't playing these guys during this period; no question I would have botched things up.</p>\n<p><img src=\"https://static.tigerbbs.com/6ae737de17a78652910a1d3026bcb38c\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"></p>\n<p>The 36-day shows weakness coming into CO and a little strength in OC at least for ARKG. Note the two winning percentages are the same. This is less trivial than it appears as that situation also exists in the Biotechs.</p>\n<p><img src=\"https://static.tigerbbs.com/149ae96de3fe3e9bae8c62f9d00080d3\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/0dcc46d54a59d3ac1078bb04cdefaac4\" tg-width=\"640\" tg-height=\"282\" referrerpolicy=\"no-referrer\"></p>\n<p>The recent low at 72.87 was not only the important ludicrously long term 38.2 fib line but the 52 week moving average, and on the other side of the chasm there is obvious support around 72. I don't see how that can be arranged to spell sell. Note the pop we are seeing off the low is coming on OC strength.</p>\n<p>The plain meaning of the weekly chart is bullish: Heat sensitive longs from the congestion period, put stops in below the 52 week SMA that were triggered during the week of May 10. That is shown by the head fake and bottoming tail. Even a retest of the low would probably not be too bad, but hopefully that won't part of the near term conversation. The poke above the 13-week SMA is encouraging, a move above 93 doesn't seem excessively optimistic.</p>\n<p>Is The 252-Day Structured Lookback Kosher?</p>\n<p>252 market days is as close to an exact calendar year as you can get. 252 / 7 = 36. Therefore we can say that a market year is divided into 7 periods of 36 days. In this scheme, every day is the end of a year.</p>\n<p>With<b>Gematria</b>, the number 36 is 2 * 18. 18 = Life. 36 is comprised of the letters Lamed Vav, which correspond to the<b>TzadikimNistarim</b>, the 36 hidden righteous ones who support the world in every generation.</p>\n<p>Somehow, that gives me a little confidence that the structured lookback solution isn't completely ridiculous. It is definitely kosher.</p>\n<p>Simultaneity and Sequentiality</p>\n<blockquote>\n Adm Mark Turso USN Ret: You were given a Ferrari and your people treated it like a lawnmower.\n</blockquote>\n<blockquote>\n <b>The Bourne Legacy</b>\n</blockquote>\n<p>Earlier, I mentioned the binary codes bCC, bCO, and bOC. These probably have to be understood to understand the CO/OC imbalance. They are useful in understanding the forces of simultaneity and sequentiality which propel stock prices.</p>\n<p><img src=\"https://static.tigerbbs.com/6c17ed7424c6e637ad896c0fbaed4baf\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>The ARK Ferraris are included with the lawn mowers.</p>\n<p>XBI and IBB are weird with their different returns, which is not easily exploitable.</p>\n<p>Buy The Dip Or Pop - CCn1 or CCp1<img src=\"https://static.tigerbbs.com/6ca6dcb7e38682509246a811e20b4b50\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">The Specter Clock</p>\n<p>CCn1 means CC negative returns of the Specter stock from the previous day are analyzed. The Specter stock is SPY. The specter functions something like a clock and provides high dimensional order to the group.</p>\n<p>This happened 105 times in the last 252 days - note end of top line. The bulk of CC profits occurred after this happened. The CC median win rate is 60 instead of 55. Note that this state accounts for more than 100% of OC profits.</p>\n<p><b>CCp1</b></p>\n<p><img src=\"https://static.tigerbbs.com/7c139fe7edf8287f22fb4902d489ee01\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">CC is usually positive of course and it was for 147 of the 252 days. It has been best to buy the pop CO and then get out OC.</p>\n<p>These might be good examples of sequentiality, or not.</p>\n<p>SPY is Positive or Negative CO Today - COp0 or COn0</p>\n<p><img src=\"https://static.tigerbbs.com/2e4b10f70d9011fe586ed6d10f3dff28\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>This is an example of simultaneity. If SPY is up OC 90% of the sector ETFs will go up.</p>\n<p>Simultaneity has weakened during the last segment and probably a little before that as well.</p>\n<p><img src=\"https://static.tigerbbs.com/49fd6dcb993413dabcf4039ed0937c37\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">There definitely isn't the same kind of breadth as in the good old days. That seems at least mildly negative.</p>\n<p><b>COn0</b></p>\n<p><img src=\"https://static.tigerbbs.com/a1da4b68139194cb3c20cbdddbfcddd5\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\">This shows that COn0 weakness in SPY is less of a factor than COp0. Note that if CO is negative, there are better chances for OC to be positive.</p>\n<p><img src=\"https://static.tigerbbs.com/14ca38d49389a36c6f2b1c69036409fa\" tg-width=\"640\" tg-height=\"469\" referrerpolicy=\"no-referrer\"></p>\n<p>The 36-day view shows the sectors having consensus on SPY down moves rather than up moves lately. There has been no lack of buyers OC.</p>\n<p>Essentially, this type of analysis adds a concrete framework that shows a pretty subtle picture of market state. It confirms a vague feeling many have noticed that things are changing.</p>\n<p>I doubt that mechanical CO playing is ready for prime time just yet. Certainly the CC/CO binary results above need to be better understood. Mostly, I think the analytical framework presented here is quite powerful and worth continued development.</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>ARK: Cathie Wood And The Exquisite Art Of Tail Gunning</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\">\nARK: Cathie Wood And The Exquisite Art Of Tail Gunning\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are shown to have a logical structure and consistent patterns.\nThe concepts of Simultaneity and ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKO":"ARKO Corp","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKF":"ARK Fintech Innovation ETF","ARKR":"Ark Restaurants Corp"},"source_url":"https://seekingalpha.com/article/4434708-ark-cathie-wood-and-tail-gunning","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164323104","content_text":"Summary\n\nARK Active ETFs are worth the management fee.\nStructured Lookback is introduced.\nTails are shown to have a logical structure and consistent patterns.\nThe concepts of Simultaneity and Sequentiality are introduced.\nCO/OC directional differences are important indicators that are much more useful than two-dimensional measures like standard deviation.\n\nphongphan5922/iStock via Getty Images\nThe Legend of Cathie Wood and Ark Active\n\n Beatrix Kiddo: I am proficient in Tiger Crane style and more than proficient in the exquisite art of the samurai sword.\n\n\nKill Bill Vol 2 - The Cruel Tutelage of Pai Mei\n\nThere is no question that Cathie Wood will be elected to the Stock Picker Hall of Fame on the first year of eligibility. The last person achieving that honor was Peter Lynch.\nArk Active ETFs weren't really on my radar until after Trading Edge was published on June 1. At some point, I planned to make that article more about equity groups instead of ETFs, specifically biotech. Eventually the plan changed because that seemed premature.\nAnother reason for my lack of attention is that I usually look for issues with at least 1500 days of price history and the four horsemen of Ark Active passed that milestone less than 200 trade days ago.\nSome commentators have mentioned recent negative return issues with ARKG, noting that the natives are getting restless. The first argument has some merit and touches on technical details that will affect the entire market. But, call me a romantic, I'm OK with cutting ARK a little slack here.\nTail Gunning\nTail is a statistical term related to data distribution. When data points are plotted, a bell shaped curve forms and the unusual results on either side of the curve are the tails. If the distribution is consistent with the ideal bell pattern, it is considered normal. Results of many coin flips produce anormal distribution, stock returns do not.\nThis implies that probabilities based on normal distributions are accurate while non-normal distribution probabilities are not. This is a serious problem for the academic discipline of Finance as not understanding probabilities suggests that it cannot offer a practical methodology to mitigate risk.\nIn this article, I will try to show that Ark Active returns are highly dependent on exploiting extreme tail activity. Hence the term tail gunning. Surprisingly, tail activity is more structured than one might initially think, so this may have some theoretical importance.\nARK Active has been quite good over many years at staying on the wild side.\nThe Legend of Data Manipulation\nModern stock exchanges and casinos both appeared in the first part of the 17th century, not long after the modern rules of chess were established. Academic disciplines relevant to understanding these innovations such as calculus, linear algebra, statistics, quantum mechanics etc. slowly developed over the next 400 years.\nThe revolutionary implications of data science have not yet been fully appreciated. Practical skill in data manipulation more than compensates for lack of formal academic knowledge in any of the other disciplines. A goal of my work is to demonstrate the soundness of this view.\nA trained practitioner of statistical finance won't approach the stock return problem through data manipulation. No doubt, data manipulation is my hammer, so everything else looks like a nail.\nMajor weaknesses in the academic understanding of stuff in general include:\n\nTime\nHigh dimensionality\n\nVolatility is a function of time, claims by some financial sages that they understand volatility are prima facie absurd. Academic deficiencies can be exploited by competent users of computer power.\nIn this article, I'll discuss how to set up and analyze market data, with attention given to the superb performance of the ARK Active ETFs.\nPrice History Data\n\nThe analysis presented here, only considers the date, open and close. Financial statisticians generally consider daily open, high, and low numbers to be noise. Essentially, that is an admission of the limitations of their analytical framework.\nLooking at one stock at a time is wrong on many different levels. It is absolutely critical to examine groups of stocks.\nA mechanism is needed to produce historical daily prices for many different stocks. Prices must be adjusted for dividends and splits. The data should be stored in Excel csv workbooks where the workbook and worksheet names are the stock symbol.\nDatabases are inappropriate for historical price analysis. Rebuilding the data at least daily from scratch is quick and eliminates many possible points of failure.\nIt is best to solve the data problem by paying for a reliable delivery method like Norgate. Everyone who does this type of work, initially spends a lot of time figuring out how to get prices for free. I did that for about 15 years. It is good to build up the skill and understanding, but eventually the cost of inefficient use of time is substantial.\nData Transformation - Natural Log Returns\n\nThe per share price of a stock has absolutely no rational analytical relevance, assuming the investor has at least enough money to buy one share.\nThe human mind can deal with a limited number of things at once, and with stock groups, price is too much detail. Data transformation is a methodology to remove that complexity. Here, daily prices are transformed to a return stream. That makes it easy to analyze even large groups of equities.\nNatural logs are the correct way to store a return stream, unless you are in a contest to find an inferior solution.\nThe simple calculations below need to be done for each date for each stock in the group being analyzed. It only takes a few minutes on an 8th generation i7 Windows PC to do this for hundreds of stocks containing thousands of days of price history.\nUsing 3/16 in the table above as an example:\n\nCC(Close to Close) = natural log of 3/16 Close / 3/15 Close = nl(394.62/395.12) = -0.0013.\nCO(Close to Open) = natural log of 3/16 Open / 3/15 Close = nl(395.77/395.12) = 0.0017.\nOC(Open to Close) = natural log of 3/16 Close / 3/16 Open = nl(394.62/395.77) = -0.0029.\n\nThe bCC/bCO/bOC columns are binary answers to the question of whether the excursion was positive (1 = positive 0 = not positive). It is quite useful to answer questions before they are asked. This same technique is used to encode strategies into a return stream.\nI specialize in low level stuff. For example, with the binary codes:\n\nIf bCO = 1 and bOC = 1 Then bCC = 1\nIf bCO = 0 and bOC = 0 Then bCC = 0\notherwise, you have to check bCC.\n\nProbably, most people wouldn't spend months analyzing the implications of that. I'm making good progress but still not finished. xSig, discussed below is related to that analysis. The issue is that if bCC = 4, bCO = 2, and bOC = 1 to create an Octal number; 3 and 4 can't happen.\n1,400-Day Structured Lookback\nCC1400 = CO1400 + OC1400\n$CC1400 = $CO1400 * $OC1400\nIn my Trading Edge article, CC1400 was called tCC.\nCO/OC Imbalance\nThe CO state is clearly dominant over OC. Trading Edge even suggested this may be a permanent market feature. It is somewhat heretical to even whisper of such things. If someone refutes that, I promise not to get mad.\nTrading Edge considered the 3x Bulls to be the most obvious way to exploit the CO edge. ARK Active smokes the leveraged financially engineered abominations.\nStructured Lookback Design\n\nI introduced date yrmolation as a concept in my Kabbalah articlein January. Perhaps structured lookback is a better term, if only because it has more vowels. The idea is to provide a logical methodology for creating segments of sequential time.\nThe day is the standard market unit of time. The traditional day/week/month/year construct does not get us closer to a suitable lookback solution, and mostly just confuses the issue. Generally, one doesn't solve a problem by adding needless complexity.\nEvery total time frame of n days, is broken into 3 consecutive periods. The first period is 1/7 the total period, the second 2/7, and the third 4/7. I worked on this backwards of course, so:\n\nx[1] = 200\nx[2] = x[1] * 2 = 400\nx[3] = x[1] * 4 = 800\nx[0] = Total days = 200 + 400 + 800 = 1400\n\nAnother time concept is iteration. The study is labeled 200i0. i0 means iteration 0. An i1 study implies the 1400 days before 11/13/15.\nxSig logic.There are three hex codes after the x. The bit values go:\n\n8 = xx1400\n4 = xx200\n2 = xx400\n1 = xx800\n\nxFF2 appears most often in the table. This means:\n\nFirst/F - All structured CC periods have positive returns.\nSecond/F - All Structured CO periods have positive returns.\nThird/2 - All OC periods except OC400 have losses.\n\nWin Rate\nThis is another critically important metric that virtually nobody looks at. In the table, the differences between CO and OC win rates are stunning.\n400-Day Segment Detail\n\nThe 400-day segment showed the best numbers for OC so it is worth looking at. All four of the time segments display simultaneously on an HD monitor; the challenge writing about them is mostly how to cut up the information for the article format. The win percentages for OC are notably higher than those seen on the 1400 day study. ARKW performs respectably here, both CO and OC, but even in the best OC environment, with the most favorable ETF, CO is not worse.\nARKG\nARKG performs better CO than any of the 3x Bulls CC or CO. ARK win rates are all at least 62% CO, much better than the bulls. Win rates OC are much worse. Obviously, with the strategy of playing CO, ideally we want to see all positive returns during CO and all the negative returns during OC.\nPerformance Graphs\n\nSam: I never walk into a place I don't know how to walk out of.\n\n\nRonin\n\nI can see how the recent sharp excursion down to about the 38.2 fib line might freak out some of the CC players, especially those who bought near the top. Personally, I'm afraid of parabolic heights, so it is difficult for me to visualize the thought process of the players who were buying at triple digits. Guess that is why I'll never be rich.\nAfter detailed poring over the entrails and consulting entities whose names are best left unspoken, I think holding any of the ARK Active puppies CO is worth serious consideration.\nI was really impressed by ARK's stock selection results and watched a recent interview of Cathie, where she was confident of the funds performing at the historical pace. Needless to say, I've been curious if she knows about the CO/OC imbalance where a CO player could theoretically beat buy and hold by about a factor of 10.\nFinding Biotech Tail\nVirtually all Biotechs are part of the tail when considered with the stock universe, so all one needs is a list of suitable candidates.\nBiotech and Semiconductors are the two industries with the most favorable positive CO vs OC characteristics based on my research. Energy is also quite good, but I haven't looked at that sector closely. Small caps are also consistently favorable.\nBiotech is a bit more persistent and obvious. An ETF performs at some sort of median to the characteristics of the group it is composed of, but ETF numbers pretty much precisely reflect the characteristics of the entire group.\n81 biotech stocks with average daily volume greater than 300K, and current price greater than $10 were assembled. The top stocks in CC, CO, and OC will be shown below:\nTop Biotech CCTop BioTech COTop Biotech OC and Median\n\nThese are just overwhelming numbers arguing for CO. A random pick in this universe is much more likely to be profitable CO than anywhere else and that profit is much more likely to exceed CC. The win rates are lower than seen in most sectors. In general, this type of analysis is a fertile avenue for research.\nCO/OC or Standard Deviation\nThe tendency of stocks to move in opposite directions CO and OC can be measured as has been shown here. These movements appear to be quite persistent and consistent in direction over time. The investor gains important and usable information by studying these structures, as opposed to standard deviation.\nStandard deviation only measures CC and ignores violent movements during the day. A year is usually considered the proper standard deviation sample, mostly because any other length is equally worthless.\nRecent Action\nCO has not been a great performer lately. I've been noting that on my website since at least March I think. The more interesting thing is watching things unfold with a decent toolset and trying to figure out what is happening.\n252-Day Structured Lookback\n\nI'll stick with natural log results only in this pass. A natural log of 0.69 is doubling your money. 0.72 for ARKG is CV$1 2.06. All of the puppies at least tripled CO except for ARKW. Not bad for a year. Note the CO win rate.\nxSig is weaker than long term as xFF is no longer showing. As time ranges get longer, xFF gets more common.\n\nI guess the CC players got annoyed that things were better at this end point than 6/11/21. CO win rates are about the best I've ever seen.\n\nWin rates seriously dropped from the 144 day segment. The Biotech correction started February 9th.\n\nThe ARKG pattern starts with a double top. LABU and XBI made a single top, with a nice dark cloud cover candle that worked out for a change. In some parallel universes, they always work.\n\nThe black candles show the day traders getting slapped. No big deal for CO players. I'm happy I wasn't playing these guys during this period; no question I would have botched things up.\n\nThe 36-day shows weakness coming into CO and a little strength in OC at least for ARKG. Note the two winning percentages are the same. This is less trivial than it appears as that situation also exists in the Biotechs.\n\n\nThe recent low at 72.87 was not only the important ludicrously long term 38.2 fib line but the 52 week moving average, and on the other side of the chasm there is obvious support around 72. I don't see how that can be arranged to spell sell. Note the pop we are seeing off the low is coming on OC strength.\nThe plain meaning of the weekly chart is bullish: Heat sensitive longs from the congestion period, put stops in below the 52 week SMA that were triggered during the week of May 10. That is shown by the head fake and bottoming tail. Even a retest of the low would probably not be too bad, but hopefully that won't part of the near term conversation. The poke above the 13-week SMA is encouraging, a move above 93 doesn't seem excessively optimistic.\nIs The 252-Day Structured Lookback Kosher?\n252 market days is as close to an exact calendar year as you can get. 252 / 7 = 36. Therefore we can say that a market year is divided into 7 periods of 36 days. In this scheme, every day is the end of a year.\nWithGematria, the number 36 is 2 * 18. 18 = Life. 36 is comprised of the letters Lamed Vav, which correspond to theTzadikimNistarim, the 36 hidden righteous ones who support the world in every generation.\nSomehow, that gives me a little confidence that the structured lookback solution isn't completely ridiculous. It is definitely kosher.\nSimultaneity and Sequentiality\n\n Adm Mark Turso USN Ret: You were given a Ferrari and your people treated it like a lawnmower.\n\n\nThe Bourne Legacy\n\nEarlier, I mentioned the binary codes bCC, bCO, and bOC. These probably have to be understood to understand the CO/OC imbalance. They are useful in understanding the forces of simultaneity and sequentiality which propel stock prices.\n\nThe ARK Ferraris are included with the lawn mowers.\nXBI and IBB are weird with their different returns, which is not easily exploitable.\nBuy The Dip Or Pop - CCn1 or CCp1The Specter Clock\nCCn1 means CC negative returns of the Specter stock from the previous day are analyzed. The Specter stock is SPY. The specter functions something like a clock and provides high dimensional order to the group.\nThis happened 105 times in the last 252 days - note end of top line. The bulk of CC profits occurred after this happened. The CC median win rate is 60 instead of 55. Note that this state accounts for more than 100% of OC profits.\nCCp1\nCC is usually positive of course and it was for 147 of the 252 days. It has been best to buy the pop CO and then get out OC.\nThese might be good examples of sequentiality, or not.\nSPY is Positive or Negative CO Today - COp0 or COn0\n\nThis is an example of simultaneity. If SPY is up OC 90% of the sector ETFs will go up.\nSimultaneity has weakened during the last segment and probably a little before that as well.\nThere definitely isn't the same kind of breadth as in the good old days. That seems at least mildly negative.\nCOn0\nThis shows that COn0 weakness in SPY is less of a factor than COp0. Note that if CO is negative, there are better chances for OC to be positive.\n\nThe 36-day view shows the sectors having consensus on SPY down moves rather than up moves lately. There has been no lack of buyers OC.\nEssentially, this type of analysis adds a concrete framework that shows a pretty subtle picture of market state. It confirms a vague feeling many have noticed that things are changing.\nI doubt that mechanical CO playing is ready for prime time just yet. Certainly the CC/CO binary results above need to be better understood. Mostly, I think the analytical framework presented here is quite powerful and worth continued development.","news_type":1},"isVote":1,"tweetType":1,"viewCount":366,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187644696,"gmtCreate":1623753616915,"gmtModify":1704210565129,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187644696","repostId":"2143733619","repostType":2,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":188450899,"gmtCreate":1623459878211,"gmtModify":1704204142235,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/188450899","repostId":"2142220201","repostType":2,"repost":{"id":"2142220201","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623453751,"share":"https://ttm.financial/m/news/2142220201?lang=&edition=fundamental","pubTime":"2021-06-12 07:22","market":"us","language":"en","title":"Brazil looks at extending expiry date of J&J COVID vaccines","url":"https://stock-news.laohu8.com/highlight/detail?id=2142220201","media":"Reuters","summary":"BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &","content":"<html><body><p>BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &amp; Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.</p><p>   The batch of vaccines expires on June 27.</p><p>   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.  </p><p>    The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.</p><p>   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.</p><p>   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.  </p><p>   Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.</p><p>   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd</p><p> , and the vaccines developed by AstraZeneca    and Pfizer Inc   .</p><p>   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data.</p><p> (Reporting by Anthony Boadle; editing by Richard Pullin)</p><p>((anthony.boadle@tr.com +55 61 98204-1110;  </p><p>;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brazil looks at extending expiry date of J&J COVID vaccines</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\">\nBrazil looks at extending expiry date of J&J COVID vaccines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-12 07:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson &amp; Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.</p><p>   The batch of vaccines expires on June 27.</p><p>   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.  </p><p>    The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.</p><p>   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.</p><p>   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.  </p><p>   Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.</p><p>   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd</p><p> , and the vaccines developed by AstraZeneca    and Pfizer Inc   .</p><p>   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data.</p><p> (Reporting by Anthony Boadle; editing by Richard Pullin)</p><p>((anthony.boadle@tr.com +55 61 98204-1110;  </p><p>;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","PFE":"辉瑞","SVA":"科兴生物"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142220201","content_text":"BRASILIA, June 11 (Reuters) - Brazil's health regulator Anvisa met with representatives of Johnson & Johnson    subsidiary Janssen on Friday to discuss extending the expiry date of a batch of 3 million doses of its COVID vaccine bought by the South American nation.   The batch of vaccines expires on June 27.   Janssen is proposing extending the expiry to four-and-a-half months from three at present, as approved on Thursday by the U.S. Food and Drug Administration (FDA), Anvisa said in a statement.      The health regulator is expected to follow the FDA's approval. A decision will come next week, Anvisa said.   The vaccines are the first batch of Janssen's single shot that Brazil hopes to receive to speed up its slow vaccination program. The country is facing the third-deadliest coronavirus outbreak outside of the United States.   Brazil signed a deal with Janssen to receive 38 million doses for delivery in the last quarter of this year, but Health Minister Marcelo Queiroga announced on Thursday that a first batch would arrive earlier. He did not say when.     Brazil's government is being investigated by a Senate commission of inquiry for the delay in securing timely vaccines, which politicians blame on far-right President Jair Bolsonaro's anti-vaccine view.   So far only 14.5% have been fully vaccinated with two doses mainly of CoronaVac, made by China's Sinovac Biotech Ltd , and the vaccines developed by AstraZeneca    and Pfizer Inc   .   So far, 484,235 Brazilians have died of COVID-19, according to health ministry data. (Reporting by Anthony Boadle; editing by Richard Pullin)((anthony.boadle@tr.com +55 61 98204-1110;  ;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":347,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189349140,"gmtCreate":1623246451380,"gmtModify":1704199230568,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>?","listText":"<a href=\"https://laohu8.com/S/SPY\">$S&amp;P500 ETF(SPY)$</a>?","text":"$S&P500 ETF(SPY)$?","images":[{"img":"https://static.tigerbbs.com/9fa7b13b4bab1e2b5922a158c3f9fae8","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189349140","isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":110665610,"gmtCreate":1622450231630,"gmtModify":1704184598927,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"Liked","listText":"Liked","text":"Liked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110665610","repostId":"1187518687","repostType":4,"repost":{"id":"1187518687","kind":"news","pubTimestamp":1622444095,"share":"https://ttm.financial/m/news/1187518687?lang=&edition=fundamental","pubTime":"2021-05-31 14:54","market":"us","language":"en","title":"Palantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?","url":"https://stock-news.laohu8.com/highlight/detail?id=1187518687","media":"seekingalpha","summary":"Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation","content":"<p><b>Summary</b></p>\n<ul>\n <li>Big data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.</li>\n <li>The two leading companies in providing the building blocks for large data warehouses and for decisioning applications based on big data analytics are Palantir and Snowflake.</li>\n <li>Both of these companies have already compiled enviable growth records; indeed, the growth Snowflake is enjoying is as rapid as any ramp I have ever seen.</li>\n <li>The issue for investors is really not the likely success of these companies, or the fact that they are down a great deal from recent post IPO valuations. The issue is their current valuation and future growth.</li>\n <li>My conclusion, based solely on valuation, is that Palantir will provide a somewhat greater return than Snowflake over the coming years. But in neither case is it likely that long term returns can rise beyond the teens.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e334ff290e3ff9d31d41e402324f177e\" tg-width=\"768\" tg-height=\"432\"><span>Photo by DKosig/E+ via Getty Images</span></p>\n<p><b>A sharp sector rotation affords long-term investors with opportunities not often encountered!</b></p>\n<p>It will probably come as no surprise to most readers that the last 3 months have been marked by a very strong sector rotation away from high-growth, high value names to cyclical/reopening names. Even some of the strongest companies have seen their valuations eviscerated over that period. The culprit for the rotation is investor concern with both prior valuations and investor concern about spikes in inflation leading to interest rate increases. The valuation compression is even sharper than it may appear on the surface. Not only are share prices down, but revenue estimates and operational performance are showing very strong positive trends. In most cases, EV/S ratios have fallen by 25% or more and in a few cases the fall has been 50% and even greater. Much like a lake which is plagued by drought, this valuation compression has made visible several islands of opportunity.</p>\n<p>This is not an article about sector rotation per se, or about the valuation of tech names per se. Have the last several days of trading been a harbinger that sector rotation is ending, or was it simply a long awaited response to several days of extreme valuation compression in the tech space? At some point, the combination of falling share prices and rising growth rates for revenues and free cash flow will obviously lead to a reversal-but lacking 2ndsight, I have to leave that vexed question to others.</p>\n<p>One of my favorite components of Lincoln’s 2ndinaugural address is the ringing phrase, “fondly do we hope, fervently do we pray.” Now the President was talking about the passing of the scourge of war, and I am writing about the end of a sector rotation. But it has been a difficult period that has scourged the portfolios of many investors and I do hope it will pass away soon.</p>\n<p>One of the several artifacts of what some might call “The Great Sector Rotation” has been the emergence of several growth names that had been un-investible due to valuation for months or since they became public. This article is focused on two such names, Palantir(NYSE:PLTR)and Snowflake(NYSE:SNOW). These are names that are prominent in the IT space. are amongst the leaders in the Big Data/Analytics space and which have generated remarkable interest amongst many investors and readers of SA. Both of them are quite exceptional companies-but I don’t think either is a particularly remarkable investment. That said, at current valuations (I am using share prices as of 5/24 to calculate my valuation relationships), both of these names can potentially provide investors modest-but double digit long term returns. That is usually less than many tech investors find acceptable-but the visibility and relative stability of both of these companies is an unquantifiable intangible that some may find particularly attractive. Again, entirely based on valuation, and no other factor, Palantir is a more attractive investment-although the calculated return difference compared to Snowflake isn’t huge. Obviously, it is the CAGR differential between businesses that make it so difficult for an observer to make an unqualified choice.</p>\n<p>I want to make clear than when asked for a choice between these two names, my first response would be neither. There are simply better choices in the IT world as potential investments. Investors have a wide choice of names in the space in the wake of the valuation compression and there are different attributes associated with these names.</p>\n<p>For those investors looking for my choices in the high growth/high valuation segment, I would recommend CrowdStrike (CRWD), Datadog (DDOG). Zscaler (ZI) and ZoomInfo (ZI). Could Snowflake make this list-possibly because it certainly has the highest CAGR of any of the names that I follow. But even using what is essentially a 4 year CAGR of 70% to reach a terminal sales level of more than $6 billion, and a terminal growth rate in the mid-thirty percent range still does not produce super returns for Snowflake because it is hard to do so when the starting point is a valuation of 53X EV/S (as of the close on Monday, May 24th). And forecasting that a company with a $6 billion run rate to continue growth in the mid-30% range is certainly a bit of a reach-although the market that SNOW addresses is enormous and growing.</p>\n<p>For investors looking for a combination of growth coupled with less than average valuation in terms of their EV/S ratio, choices include names such as Upstart (UPST). Affirm (AFRM), Asana (ASAN), Elastic (ESTC), Wix (WIX) and Jamf (JAMF). Some investors are looking for names with very high free cash flow margins. Here choices include Atlassian (TEAM), Dynatrace (DT), Veeva (VEEV), Microsoft (MSFT) and Adobe (ADBE). Many investors would choose to use some kind of combination of free cash flow margin + growth rate in compiling a buy list. Here, the regnant champion is ZoomInfo (ZI) but perhaps Palantir makes the list-depending on whether the free cash flow metric achieved last quarter was an outlier or represented the start of a trend. Trade Desk (TTD), in the wake of its recent share price compression of 40% since mid-February would also be on this list.</p>\n<p>Some investors look for bargains amongst fairly IPO’s. There are some bargains now to be seen in that sector such as Affirm and also nCino (NCNO) and perhaps Jamf. These are companies whose price action after the IPO took their valuations to unsustainable levels and which have now compressed to what appear to be bargains. I try to approach the recent IPOs with the same methodology as the rest of the names I follow. Inevitably, given the small number of shares in most IPOs, stock prices can subsequently reach dizzying levels as institutions, in particular, look to establish full positions that they were unable to create with an IPO allocation. But once that demand ceases, these names fall, and can do so to very compressed valuations.</p>\n<p>Finally, there are some investors who look for proverbial bargains by screening for percentage declines over some fixed period. That is not a methodology I favor. Many companies can be mis-priced in terms of valuation and so the fact that a name is down a particular percentage is of less importance to me, than how the companies score on EV/S valuation and free cash flow margins. I have seen many articles that focus on either Snowflake or Palantir because of their steep declines during and even before the sector rotation. While it is not uncommon for commentators to use a percentage decline as a screening point, my approach doesn’t value that technique. Specifically, there was no conceivable logical methodology that could have supported the peak valuations of either Snowflake or Palantir, so the fact that they have fallen substantially is not proof-at least to this writer-that they are now reasonably valued.</p>\n<p>I try not to be obsessively tied to formulas in creating a buy list for my own portfolio or for my recommendations. I am, admittedly, biased toward growth, but when I see a combination of growth and free cash flow margin, I can fall in love-at least figuratively. (Sort of like Daumier’s famous lithograph, “Fusion des Compagnies. Effusion des actionnaires. (Les Beaux Jours de la Vie), from Le Charivari, Honoré Daumier ^ Minneapolis Institute of Art. I use some combination of all approaches in compiling my own list of names that I think are buy rated. I don’t include any megacap names, more because I think their investment merits are well recognized and there isn’t too much in the way of value add that I might provide.</p>\n<p>To repeat: both Palantir and Snowflake are and will remain remarkable businesses that are revolutionizing the way software is used in both government and commercial applications. Bringing storage to the cloud the way it is done by Snowflake is hastening digital transformation and making it easier to migrate workloads to the cloud-a significant priority for many-probably most enterprise users of IT. The combination of data integration, AI and search which enable users to find patterns and develop useful insights is achieving some of the more “Buck Rogerish” dreams of software engineers and ultimately all classes of users.</p>\n<p>But having said that, it is still necessary to look at growth and cash flow to arrive at a valuation and while the valuation compression has led to opportunities, the opportunities are not of the once in a generation scale. Investors who want to own the best companies frequently are going to be asked to sacrifice some percentage upside to buy the best of the breed, and that is what I see here, regardless of my admiration of the offerings of both companies.</p>\n<p>One thing to note: I would be greatly surprised if either Palantir or Snowflake will precisely look the way they do at this writing. They are going to wind up making acquisitions-I doubt that valuations and chemistry would allow either company to be acquired. Speculating about acquisitions is a fun parlor trick, but not something that can really be forecast with any degree of specificity. But one reason as to why I have suggested that these companies will continue to grow at elevated rates relates to my belief that there will be some element of inorganic revenue in the results of both companies 4 years from now.</p>\n<p><b>The background of Snowflake and Palantir</b></p>\n<p>Both of these businesses have been and remain high growth companies with strong technology moats and a host of the most prominent IT users in the world. Palantir reported recent results that swung strongly to free cash generation; SNOW is perhaps the fastest growing name I have seen at scale. And the shares of both companies have seen rather substantial compression. Since the rotation began in early/mid-February, shares of Snowflake have&nbsp;fallen as much as 39% before bouncing 11.5% on Friday, May 14th partially due to a&nbsp;new recommendation from the analyst at Goldman Sachs.Shares of&nbsp;Palantir had fallen as much as 53%&nbsp;before its bounce 9.3% on Friday May 14th.</p>\n<p>Both of these companies seem destined to be major factors in the software over the course of the coming years. Over time, as they mature, I expect that both of these company’s will evolve highly profitable business models. Based strictly on the way I value companies, I find the shares of Palantir to be more attractive to investors than the shares of Snowflake-even though self-evidently, Snowflake is growing faster than Palantir. I believe that long-term investors will achieve a somewhat greater return investing in Palantir than in Snowflake-but the difference isn’t huge and speculating about an end-result 4 years from now is inevitably a fraught undertaking.</p>\n<p>I have been frequently asked by subscribers to my Ticker Target service. by investment advisory clients and by readers of SA articles to provide some opinion on both of these companies with a plurality inquiring about Palantir. For months, until now, I haven’t chosen to make much of a response given the valuations have been of a magnitude that made any kind of positive recommendation more faith based than logical.</p>\n<p><b>Trying to find a formula for relative valuations</b></p>\n<p>Let’s face it-trying to decide between the investment merits of two companies with a great base of IP, addressing hot spaces within the enterprise software space is a bit like handicapping the results of sporting events before the start of a season. There is loads of pure guesswork and less substance than most would like. Many analysts demur doing something like this-or if they are like me, they suggest to clients that there is no reason just to own a single name of this kind in a portfolio. I am going to attempt to present some qualitative as well as quantitative analysis-but in the nature of things it will be subjective.</p>\n<p>One consideration is always management. Does either Palantir or Snowflake have better management?Frank Slootman of Snowflak&nbsp;eprobably has better bona fides than the&nbsp;Alex Karp, the CEO of Palantir- he has, after all , sold one company he founded, Data Domain to EMC for an incredible valuation and he guided Service Now to huge success, and in the process&nbsp;more or less ran over BMC Software&nbsp;which was one of the stalwarts of the enterprise software space for many years.</p>\n<p>The CEO of Palantir is Alex Karp and he co founded the company 17 years ago. He has a host of beliefs that many might consider outside of the mainstream, especially for a company that makes a living selling to the US government and particularly the US military. He has been described as eccentric and I imagine that any self-professed socialist who has built a net worth of almost $2 billion is likely to have an unusual set of values. The fact that he keeps Tai Chi swords in his office-which at times can be in a barn in New Hampshire-while not entirely abnormal amongst tech entrepreneurs, is more than a bit different than the background of Mr. Slootman.</p>\n<p>But company’s such as Palantir are run by teams and there are some extraordinary players on Palantir’s team.Peter Thiel,well known as a co-founder of PayPal (PYPL) and one of the first outside investors in Facebook, also co-founded Palantir and remains on the board. So too,is famed tech investor, Joe Lonsdale&nbsp;who recently said that:</p>\n<blockquote>\n “As a director of a public co there are regulations about what you can say – you’re discouraged from speaking up &amp; nobody does in our risk-averse society. But #’s came out yesterday and were misunderstood… we are going to crush the shorts / I am extremely bullish.\"\n</blockquote>\n<p>I am not quite sure why Mr. Lonsdale felt that the quarterly results were misinterpreted. Palantir was caught up in a tech rout on the day after its earnings were released. It was just reflecting the sector rotation that has marked much trading in these names .</p>\n<p>Finally,there is Stephen Cohen,another co-founder of Palantir and currently an Executive VP of the company. Famously, at the ripe age of 23, he has been credited with writing the initial prototype of the Palantir platform in all of 8 weeks.</p>\n<p>As must people who know me would agree, I am a somewhat desiccated older curmudgeon, whose acceptance of eccentricities is perhaps less than it should be. But overall, I believe that in evaluating these two companies, there is not all that much to choose. It is a bit easier to conclude that Snowflake has a management structure that will lead to better investor returns simply because of the track record of the CEO. But Peter Thiel and Joe Lonsdale have made themselves billions and those along for their various rides have done quite well. I can wish that there was less mystery surrounding some parts of the Palantir business, but at the end of the day, I don’t think an investment decision between these two names can be made based on differences in management capabilities.</p>\n<p>Like most other analysts, I try to look at relative valuations in making a recommendation. The fact is that Snowflake still has the highest 12 month forward EV/S ratio of any name I follow, and that valuation is based on a revenue estimate of $1.2 billion. That is a forecast for growth of just over 100% for the next 12 months-and about 10% above the current published consensus for the same period. Despite the forecast for triple digit growth, I wouldn’t find it terribly surprising for Snowflake to continue to exceed estimates-the momentum in its space is just that strong.</p>\n<p>Essentially the problem I have with recommending Snowflake shares is just how much the company will have to grow in order to justify the current valuation-even after the huge haircut of recent months. I have used a 3 year forward CAGR estimate of 70%-I think that is reasonable, if growth this year is over 100% as seems likely.</p>\n<p>Snowflake in its latest reported quarter started&nbsp;to generate free cash flow. To do so, however, it needed to have an enormous growth in its deferred revenue balance-a result that is partially seasonal as its clients renew their agreements. I expect SNOW to generate a modest level of free cash flow in its current year, but that is not going to be a sufficient reason to recommend the shares. In order to generate 70% revenue growth over several years, I anticipate that the company’s ability to generate a substantial free cash flow margin will be challenging. The company will simply have to continue to make outsize investments in sales and marketing and research and development. I imagine that some of that will continue to be part of the company culture even looking out several years; I would not anticipate anything more than average cash flow margins by that time-and those margins could easily be less than average.</p>\n<p>In any event, using a multi-year CAGR of 70%-and then starting the compounding from the base of $1.2 billion of revenues that I anticipate for the current year produces a terminal revenue estimate of about $5.9 billion. I assume that this company will still be enjoying hyper growth at the end of the period-just not at the current elevated levels. I think using a terminal growth rate of 35% is reasonable and even after valuation compression, the average EV/S for that growth rate is 16X. So, that might suggest that the enterprise value for Snowflake 4 years from now ought to be about $94 billion-the enterprise value as of the close on Friday was $56 billion, or thereabouts. That works out to a 14% annualized return. That is certainly far better than such a calculation might recently have been, and far greater than any assumed inflation rate I have seen…but I wonder if it is enough for most investors who are usually looking for something more to be properly compensated for risk in investing in a name such as this.</p>\n<p>A comparable calculation for Palantir starts with estimated revenues of $1.8 billion for the next 12 months. This estimate was revised&nbsp;based on the results that the company reported on 5/11/21. That is considerably greater than the currently published consensus-for 2021 of $1.47 billion-but my estimate goes out an additional quarter and is not burdened by the adherence to the company’s rather mechanical guidance of “greater than 30% for the foreseeable future” which has been the mantra of the company CEO, and which is used by many analysts as a substitute for preparing their own set of expectations.</p>\n<p>Last year, the company reported a 47% growth in revenues and had forecast a 45% growth in revenues for Q1. Q1 revenue growth came to 49%; the company is forecasting 43% revenue growth year on year in the current quarter but given the rather muted sequential growth implied in that forecast (5.6%), I believe it will be exceeded by some noticeable amount. The company reported a free cash flow margin of 34%, a very dramatic change from the negative free cash flow margin reported in 2020.</p>\n<p>While the company saw a decline in its deferred revenue balance in Q1, the more inclusive metric of remaining performance obligation rose by 4.7% sequentially, which is a strong performance given the typical seasonal decline usually seen in that metric in Q1.Overall, calculated billings were up 248%&nbsp;year on year and the year on year increase in the RPO balance came to 129%. These are, in my opinion, strong indicators for future growth.</p>\n<p>Since the time that Palantir became a public company, it has been criticized for the slow growth of its commercial business compared to its government business. But in the last quarter, the company’s US commercial business finally showed some decent growth of 72%. I will cover this subject more fully later on in this article.</p>\n<p>In any event, I have chosen to use a 3 year forward CAGR of 42% in evaluating Palantir, based more on its historical growth than some special knowledge about how fast it might grow. Because of the multiplicity of products and solutions that are enabled by Palantir’s platforms, it can be a bit more difficult to estimate a longer term growth rate than would be the case when dealing with a company whose revenues are coming from a more targeted focus. In any event, using a 42% CAGR, and my current estimate for 12 month forward revenues yields a run -rate estimate 4years out of greater than $5.2 billion. My guess, and I make no representation that it is more than that, is that the company will be still growing in the low 30% range at that point, with a free cash flow margin of greater than 20%.Just to be clear, the cash flow results seen last quarter, while perhaps not enough to suggest a trend, are certainly suggestive of a business model that is potentially very profitable. Taking the estimated cash flow generation into account, the CAGR that I am estimating for Palantir is currently worth an EV/S of about 16X-17X looking at the average EV/S metric for a low 40% growth estimate. In turn, this leads to an enterprise value forecast of about $86 billion compared to last Friday’s enterprise value of $$44.5 billion. This suggests a 4 year return of about 18% compounded, somewhat better than the rate of return I calculate for Snowflake. Snowflake’s elevated valuation simply makes it very difficult to realistically project exceptional long-term returns-even though in many ways Snowflake is an exceptional company operating in an exceptional market.</p>\n<p><b>Where the analysis could be off and what are the risks?</b></p>\n<p>This article is basically about which of the two names I would rather hold or invest in for the long-term. It isn’t a terribly obvious choice-although the numbers, as I see them, suggest that Palantir will relatively outperform Snowflake-mainly because even after a substantial valuation compression, Snowflake shares are still the most expensive name in the IT space in terms of EV/S by a fairly substantial margin. Just to make that point abundantly clear, Snowflake shares, as of the close on Friday, May 21thhad an EV/S ratio based on forward revenues of 53.5X; the next two highest ratios in my coverage universe were those of Bill.com (BILL) at 36.5X and Cloudflare (NET) at 35.9X. Meanwhile, Palantir shares currently sell for an EV/S of 25.5X.</p>\n<p>There are certainly flaws in the investment merits of both companies. I have presented a quantitative model that attempts to deal with the difference in growth rates for the two companies at the present time. But I would be the last analyst on the planet to suggest that I have some crystal ball. I really have no specific way of addressing the potential growth of Snowflake over the next 4 years. I feel reasonably comfortable in suggesting that my use of $1.2 billion for SNOW revenue over the coming 4 quarters is supported both by qualitative comments made by company management and by using sequential quarterly growth estimates that are consistent with recent history. Further, the company’s RPO balance grew to $1.3 billion, up 213% for the year and its DBE ratio was 168%. The RPO balance actually rose by 44% sequentially the latest reported quarter, after rising by 35% sequentially the prior quarter, and the sequential growth in revenues was 19% for the quarter compared to 20% the prior quarter. Given all of those statistics, I felt that forecasting $1.2 billion for the next 4 quarters, compared to the company’s forecast of about $1075 million for the current (2021) year made sense.</p>\n<p>But when it comes to supporting a CAGR of 70% for the 3 years after this one, I would acknowledge that it is somewhat of a guess-and a CAGR of that rate would be breaking new ground in terms of growth at scale. I will be reviewing some of the reasons for the company’s exceptional growth opportunities below-but those specifics are simply not going to allow me, or anyone else, to determine if the most reasonable CAGR is 50% or 70% or some other number. I have yet to see a 3 year CAGR of 70% for a company of this scale. But given that I anticipate that the first year in the forecast period will be nearly 100%, then 70% growth is quite likely and allows for slowing growth as the company’s scale approaches and exceeds a $6 billion revenue run rate.</p>\n<p>Not terribly surprisingly,many analysts rate SNOW shares&nbsp;as a hold although some percentage do rate it as a buy. The issue is almost entirely one of valuation-with a current EV/S of 54X based on the share price of May 28th, at least a plurality of analysts are forecasting some level of multiple compression; it makes price target setting a fraught undertaking.</p>\n<p>There is, perhaps a bit more murkiness, when it comes to evaluating Palantir’s multi-year CAGR and that is a function of the long standing comment of by the CEO, “Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:</p>\n<ul>\n <li>Annual revenue growth of 30% or greater for 2021 through 2025.”</li>\n</ul>\n<p>This comment appears regularly as part of the guidance section in the quarterly earnings release-just my opinion-but I think the company ought to drop the statement or revise it to take some account of what appears to be happening in the market.</p>\n<p>In turn, this has led to consensus forecast that have 2022 revenues rising by just 30%. It should be reasonably obvious that no one owning the shares can believe such a forecast and analysts who recommend the shares can’t really do so with a straight face using a 30% revenue growth estimate.</p>\n<p>That said, Palantir shares certainly don’t have a&nbsp;particularly strong consensus rating&nbsp;compared to many other enterprise software names. First Call suggests that on average the rating is between a hold and an underperform. At the moment, however, only 7 ratings and 8 estimates are being reported to First Call. Most estimates were raised in the wake of the latest earnings report.</p>\n<p>As subscribers are aware, when I try to triangulate some kind of buy/sell hold rating for shares by using some combination of expected future growth rates coupled with free cash flow margins. But in order to even guess responsibly at what a growth rate for a company in the space might be, I try to use some expectation of how the solutions offered are going to create positive ROI for users.</p>\n<p>I will cover below my expectations in that regard but I really see no reason to believe that any long term growth estimate of less than 40% for Palantir is well founded. The company has a rather wide variety of solutions and users seem to be achieving more than acceptable ROI’s when implementing what they have bought. The key to maintaining growth at greater than 40% is self-evidently the market opportunities that are outside of the company’s efforts in its Federal vertical.</p>\n<p>As mentioned, there were some signs of progress last quarter with growth in the US Commercial space reaching 72%. I imagine, however, that many observers and stakeholders might be concerned that the growth in US government revenues which reached 83% last quarter is unlikely to be duplicated in coming periods. Overall, the growth in commercial deal value, after adjustments for duration, was 76%. Overall, the company got $208 million or 61% of its revenues from government entities while the other 39% of its revenues came from commercial customers.</p>\n<p>Before leaving the subject of risk, and perhaps being guilty of restating the obvious, the shares of both companies will perform poorly in a period of rotation favoring value names, and will perform rather well if the rotation favors growth names. Because of their valuation, the shares of these companies will be strongly correlated with the performance of an index of Cloud stocks, so called, such as CLOU until either or both start to generate substantial and sustained free cash flow margins that will start to change the valuation paradigm substantially.</p>\n<p><b>What does Palantir offer its users and how is that resonating in the market?</b></p>\n<p>What I would like to do-but which is not totally feasible-is to run through Palantir’s products and solutions to try to build a reasonable model that supports 40%+ growth. But this company has a multiplicity of platforms in discrete areas, and many more solutions so about all I am going to be able to do is touch the highlights and competition of the areas in which the company competes.</p>\n<p>Palantir offers 3 major product categories. These include&nbsp;Gotham, Foundry and Apollo.I imagine that Foundry is the best known product set offered by Palantir. Foundry is a data integration platform. There are many companies in this space including Boomi, Informatica, MuleSoft/Salesforce (CRM), Oracle (ORCL), Talend (TLND), Tableau/Salesforce and Alteryx (AYX). The data integration market has a relatively pedestrian growth forecast of a bit less than 8% although its size, estimated to be over $11 billion by 2026, is a worthwhile target. How does Palantir stack up? Here is a review of Palantir when compared to the leading data integration platform, Informatica Power Center:Compare Informatica PowerCenter vs Palantir Foundry. From a product perspective, there is nothing striking that would allow Palantir to gain a huge amount of market share in the commercial space.</p>\n<p>Gotham is the heart of the Palantir franchise and the company continues to enhance the platform. While the linked description of the latest launch probably reads a bit like science fiction:Palantir Gotham | 21 Launch, the fact is that in terms of forecasting growth, this is probably where an analyst needs to start. Gotham is essentially big data analytics-with a full panoply of bells and whistles. The Gotham platform is designed to integrate structured data that is contained in rows and columns, as well as unstructured data such as emails, images and videos. It is basically a sophisticated query tool, and may be thought to be competitive with Elastic’s search technology. Here is a competitive analysis of the two solutions:Palantir Gotham.</p>\n<p>The data that is collected using Gotham is integrated and then is mapped into what are meaningfully defined objects-enhanced by the relationships that connect them. From that point, the data is tagged, secured and tracked.</p>\n<p>Gotham is the heart of Palantir’s government practice in that it is often used by agencies looking to “find bad actors hiding in complex networks.” It is the elaboration of that technology that I believe is driving the extremely strong growth of Palantir’s government business, and with the recent breaches at&nbsp;Colonial Pipelineand through SolarWinds (SWI)&nbsp;hack, coupled with aggressive remediation/security efforts, I believe that the very strong growth rates seen by Palantir in its Federal business are likely to continue and remain at hyper-growth levels for some years to come.</p>\n<p>There are many interesting use cases for Gotham that highlight its versatility. The following link shows a variety of use cases as one scrolls through the article:Palantir: Transforming the way organizations use data - CTOvision.com. While the CAGR for big data analytics as projected in the linked study is only around 11%, the size of the space, relative to the size of Palantir is so substantial as to suggest that forecasting hyper growth is quite reasonable:Big Data and Business Analytics Market Size, Share | 2027. There are going to be many winners and leaders in the big data analytic market. Many enterprises are going to roll their own, using some 3rdparty tools such as those on offer from Elastic, for example. Some users will take advantage of the current offering from low code/no code vendors to facilitate building their own applications from the ground up. But the available market for Gotham is still an opportunity many times the current size of Palantir and looking at all of the problems it can solve perhaps gives readers some sense of why I find it reasonable to believe that Palantir will reach $5 billion in revenues over the coming 4 years.</p>\n<p>Apollo is the 3rdmajor platform offered by Palantir although it is more of an enabling technology that is most often used in conjunction with both Gotham and Foundry. It is said to enable the use of SaaS applications where no SaaS applications have gone before.</p>\n<p>Here is a link to a 3rdparty review of the technology:Palantir Apollo. It is because of Apollo, and its ability to deliver software securely into just about any conceivable location from a battlefield to a submarine, that has enabled the company to win some major deals with the US Government customers and particularly the military and security agencies. Here is a link to a specialist 3rdparty consultant that follows technology trends and market share gains and losses amongst vendors to the US government:Competitor highlights: Palantir.</p>\n<p>At the moment, the market addressed by Apollo is not well defined, and there are no publicly available statistics on the size or growth of the space. What I can suggest, is that Apollo is a key differentiator for the company and that the technology is a key factor in the success that the company has had and will likely continue to have in selling to the government and to some commercial enterprises as well.</p>\n<p>Overall, Palantir’s products are aimed at high-end enterprise users. Typical sales are going to be in the millions of dollars, even when looking at the commercial market. Here is a current analysis of prices that Palantir is charging:Palantir Gotham Pricing.</p>\n<p>Many readers will be familiar with the Palantir story; others will not. This is not intended to be a detailed evaluation of the various solution sets that are offered by the company, but might serve to illuminate the likely growth drivers the company has put in place that should resonate strongly with users over the next several years. Palantir advertises solution capabilities in 20 specific areas. I have linked to the solution directory the company presents:Solutions. It would be difficult to categorize the solutions in any meaningful sense.</p>\n<p>Like many software companies at this point, Palantir offers AI capabilities as part of its stack. Whether the form of AI offered by Palantir is better than many other implementations of AI that are nowadays used for many different purposes is not readily determinable.</p>\n<p>These days there are a number of AI focused vendors whose shares have attracted interest. Perhaps the most prominent of these is C3.ai (AI). I think that Palantir’s differentiation is the use cases in which its form of AI is embodied in a specific solution that can create rapid time to benefit for many users. Indeed, I think the fact that Palantir already has a multiplicity of use cases that are based on AI technology coupled with deep learning is one of the reasons that I feel comfortable in forecasting 40%+ growth over some years.</p>\n<p>Overall, I think that the scope of the technology and the success that the company has had in translating that technology into usable solutions for both government and commercial users is likely to enable Palantir to maintain growth of above 40% for sometime into the future.</p>\n<p><b>Why has Snowflake become the fastest growing software companies at scale?</b></p>\n<p>Again, I assume that many readers will be familiar with the Snowflake story and others will not. The key to making a successful investment in Snowflake is not the fact that it is the fastest growing company in the enterprise software space, but in determining just how long that happy state can last, and the ramp that the company will achieve in terms of developing a consistent free cash flow margin. And while I do not purport to be a fortune teller, or even aspire to such a capability, I think looking at the solutions offered by Snowflake can help investors determine just what a long term CAGR might be.</p>\n<p>Here I have linked to a publication from Snowflake called “Data Cloud for Dummies.” I certainly am not intending to cast aspersions on the intellectual prowess of subscribers and general readers, but for those looking for a very quick synopsis of the company’s capabilities and what customers do with Snowflake implementations, this is a go to reference manual:The Data Cloud for Dummies | Snowflake. Most everything an investor might need to know about the Snowflake product offering and differentiation is contained in these few pages. Indeed, investors will not have to read all of this handbook to figure out who is using Snowflake, the benefits they are achieving from deploying the product and the value and capabilities a user can get from using the Snowflake data cloud. Most of that material can be seen on pgs. 18-20 while some selected use cases are described on pgs. 29-41. Most of the rest of the handbook describes how to use the Snowflake data cloud which is not really going to help readers figure out why Snowflake’s revenues and its bookings are rising at triple digit rates.</p>\n<p>The Data Cloud allows users to do many of the things with data that consultants and most IT staff members have wanted to accomplish for the last decade or more. One of the most important attributes of the Data Cloud is its ability to unite siloed data so that organizations can discover what they have and securely share the now governed data. If this sounds something like the data integration capabilities offered by Palantir and others, it is because it is-although the technology is quite a bit different, and with Snowflake everything is cloud native-there is no equivalent to Apollo.</p>\n<p>While security has to be a component of what everyone does with data these days-the Snowflake solutions are more about access and sharing with security as part of the solution while Palantir starts with data security. It is more a matter of emphasis than functionality. I have linked here to an interesting thread that compares the two solutions-note carefully that the initiator of this thread is an original investor in Palantir and needless to say has a viewpoint relative to the merits of the two companies that would be disputed by many:Palantir Tech Platforms vs Snowflake</p>\n<p>Snowflake has plenty of competitors and that has been the case for many years. Many of its wins are competitive displacements and it usually has to battle one or more of the big 3 cloud vendors to secure a deal. The mega-cap cloud companies all offer capabilities that users generally evaluate before choosing Snowflake. Specifically, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Big Query, Amazon (AMZN) Red Shift and Microsoft (MSFT) Azure SQL Server are competitors. Here is a link by a 3rdparty comparing Google and Snowflake. Essentially, Snowflake is considered the winner:Snowflake vs. BigQuery</p>\n<p>Here is a link comparing Snowflake with Amazon Redshift. I think it is fair to synthesize the comparison with a view that for users with an all-cloud environment, and who have not become overly dependent on Amazon, Snowflake offers a better alternative, although the competition is less unequal than would be the case in looking at Google vs. Snowflake:Redshift vs Snowflake: 6 Key Differences.</p>\n<p>Finally, there is the comparison of Snowflake vs. Microsoft Azure. Here the review linked didn’t reach a conclusion. What I think comes through, however, is that the perception is that Snowflake provides higher performance with some critical database features. In any event, in terms of user reviews: Snowflake was a winner:Redshift vs Snowflake: 6 Key Differences.</p>\n<p>Cloud data warehousing is a high growth area-it is essentially the future of most data storage: although hybrid solutions will remain a popular choice. See this link for the reason for the transformation:Cloud Data Warehouse is The Future of Data storage.</p>\n<p>According to a couple of market research vendors, the cloud storage market is likely to achieve a CAGR in the low 20% range for the next several years. The available market is forecast to reach $137 billion at the end of the period. Given the strong user ratings for SNOW, its competitive advantages vis-à-vis the largest competitors, the perception of the company’s functionality in the market and the track record of the company’s leader in past competitive situations, I don’t think the forecast of a multi-year CAGR of 70% is all that much of a stretch.</p>\n<p>I expect that the Snowflake earnings which will be reported while this article is in the review process to significantly exceed the consensus forecast which is for quarterly revenues of $213 million and an EPS loss of $.16. The current consensus calls for sequential growth of just 10% and that seems to be more or less of a sandbag. I see no reason to expect such a muted growth level-either in the reported quarter or in the near future. But that said, much of the enviable performance that Snowflake has achieved, and is likely to achieve going forward is already priced into the shares.</p>\n<p><b>Wrapping up: Palantir or Snowflake?</b></p>\n<p>Both Snowflake and Palantir have created advanced IT solutions for their clients. Snowflake has been able to leverage its technology more successfully than Palantir to achieve unheard of growth rates. Part of that is clearly a testament to the leadership of Frank Slootman and his competitive ethos. Part of it is a function of history.</p>\n<p>Just judging by the number of articles on SA, and their generally positive tenor, there are some who feel that users can do more with Palantir’s set of solutions than has been done with Snowflake. Palantir has been designed to be used by government agencies and AI is at the core of the offering. That is somewhat different from Snowflake. The key to Palantir’s ability to achieve hyper growth for years into the future will be the success it has in terms of the commercial market and in non-US geos. The results the company recently reported certainly provide a level of comfort in that regard.</p>\n<p>The key to Snowflake’s continued success will be its continued success in sales execution. Given that the effort is now lead by a very resourceful and aggressive CFO, Frank Slootman, I expect big things.</p>\n<p>As mentioned, I think it’s inevitable that both Snowflake and Palantir will become major IT vendors over time. Unfortunately-what I think, is obviously also thought by many major investors in the IT space. Neither Palantir or Snowflake is likely to be the next Tesla with a valuation more or less unrelated to operational fundamentals. I would never have chosen to write this article if I had much expectation of that kind of frenzy arising. These are both software companies and they can and will be valued by long term investors based on revenue growth and free cash flow generation.</p>\n<p>If I had to pick one investment between these two companies, it would be Palantir-simply because of valuation. But as President Lincoln once said in a far different context, “I do not have to choose either, I can simply leave [her]alone.” In this case the recommendation is to leave the shares alone and look for stronger returns. For those interested in such things-here is the link to President Lincoln’s comment:Fourth Debate: Charleston, Illinois – Lincoln Home National Historic Site (U.S. National Park Service). And at the end of the day, that is my conclusion-find investments in the space with greater percentage upside potential.</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>Palantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Vs. Snowflake: Which Is The Better Buy For Long-Term Investors?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 14:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.\nThe two leading companies in providing the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNOW":"Snowflake","PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4432000-palantir-stock-vs-snowflake-better-buy","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187518687","content_text":"Summary\n\nBig data analytics and decisioning is one of the cornerstones of the digital transformation revolution sweeping through much of the IT firmament.\nThe two leading companies in providing the building blocks for large data warehouses and for decisioning applications based on big data analytics are Palantir and Snowflake.\nBoth of these companies have already compiled enviable growth records; indeed, the growth Snowflake is enjoying is as rapid as any ramp I have ever seen.\nThe issue for investors is really not the likely success of these companies, or the fact that they are down a great deal from recent post IPO valuations. The issue is their current valuation and future growth.\nMy conclusion, based solely on valuation, is that Palantir will provide a somewhat greater return than Snowflake over the coming years. But in neither case is it likely that long term returns can rise beyond the teens.\n\nPhoto by DKosig/E+ via Getty Images\nA sharp sector rotation affords long-term investors with opportunities not often encountered!\nIt will probably come as no surprise to most readers that the last 3 months have been marked by a very strong sector rotation away from high-growth, high value names to cyclical/reopening names. Even some of the strongest companies have seen their valuations eviscerated over that period. The culprit for the rotation is investor concern with both prior valuations and investor concern about spikes in inflation leading to interest rate increases. The valuation compression is even sharper than it may appear on the surface. Not only are share prices down, but revenue estimates and operational performance are showing very strong positive trends. In most cases, EV/S ratios have fallen by 25% or more and in a few cases the fall has been 50% and even greater. Much like a lake which is plagued by drought, this valuation compression has made visible several islands of opportunity.\nThis is not an article about sector rotation per se, or about the valuation of tech names per se. Have the last several days of trading been a harbinger that sector rotation is ending, or was it simply a long awaited response to several days of extreme valuation compression in the tech space? At some point, the combination of falling share prices and rising growth rates for revenues and free cash flow will obviously lead to a reversal-but lacking 2ndsight, I have to leave that vexed question to others.\nOne of my favorite components of Lincoln’s 2ndinaugural address is the ringing phrase, “fondly do we hope, fervently do we pray.” Now the President was talking about the passing of the scourge of war, and I am writing about the end of a sector rotation. But it has been a difficult period that has scourged the portfolios of many investors and I do hope it will pass away soon.\nOne of the several artifacts of what some might call “The Great Sector Rotation” has been the emergence of several growth names that had been un-investible due to valuation for months or since they became public. This article is focused on two such names, Palantir(NYSE:PLTR)and Snowflake(NYSE:SNOW). These are names that are prominent in the IT space. are amongst the leaders in the Big Data/Analytics space and which have generated remarkable interest amongst many investors and readers of SA. Both of them are quite exceptional companies-but I don’t think either is a particularly remarkable investment. That said, at current valuations (I am using share prices as of 5/24 to calculate my valuation relationships), both of these names can potentially provide investors modest-but double digit long term returns. That is usually less than many tech investors find acceptable-but the visibility and relative stability of both of these companies is an unquantifiable intangible that some may find particularly attractive. Again, entirely based on valuation, and no other factor, Palantir is a more attractive investment-although the calculated return difference compared to Snowflake isn’t huge. Obviously, it is the CAGR differential between businesses that make it so difficult for an observer to make an unqualified choice.\nI want to make clear than when asked for a choice between these two names, my first response would be neither. There are simply better choices in the IT world as potential investments. Investors have a wide choice of names in the space in the wake of the valuation compression and there are different attributes associated with these names.\nFor those investors looking for my choices in the high growth/high valuation segment, I would recommend CrowdStrike (CRWD), Datadog (DDOG). Zscaler (ZI) and ZoomInfo (ZI). Could Snowflake make this list-possibly because it certainly has the highest CAGR of any of the names that I follow. But even using what is essentially a 4 year CAGR of 70% to reach a terminal sales level of more than $6 billion, and a terminal growth rate in the mid-thirty percent range still does not produce super returns for Snowflake because it is hard to do so when the starting point is a valuation of 53X EV/S (as of the close on Monday, May 24th). And forecasting that a company with a $6 billion run rate to continue growth in the mid-30% range is certainly a bit of a reach-although the market that SNOW addresses is enormous and growing.\nFor investors looking for a combination of growth coupled with less than average valuation in terms of their EV/S ratio, choices include names such as Upstart (UPST). Affirm (AFRM), Asana (ASAN), Elastic (ESTC), Wix (WIX) and Jamf (JAMF). Some investors are looking for names with very high free cash flow margins. Here choices include Atlassian (TEAM), Dynatrace (DT), Veeva (VEEV), Microsoft (MSFT) and Adobe (ADBE). Many investors would choose to use some kind of combination of free cash flow margin + growth rate in compiling a buy list. Here, the regnant champion is ZoomInfo (ZI) but perhaps Palantir makes the list-depending on whether the free cash flow metric achieved last quarter was an outlier or represented the start of a trend. Trade Desk (TTD), in the wake of its recent share price compression of 40% since mid-February would also be on this list.\nSome investors look for bargains amongst fairly IPO’s. There are some bargains now to be seen in that sector such as Affirm and also nCino (NCNO) and perhaps Jamf. These are companies whose price action after the IPO took their valuations to unsustainable levels and which have now compressed to what appear to be bargains. I try to approach the recent IPOs with the same methodology as the rest of the names I follow. Inevitably, given the small number of shares in most IPOs, stock prices can subsequently reach dizzying levels as institutions, in particular, look to establish full positions that they were unable to create with an IPO allocation. But once that demand ceases, these names fall, and can do so to very compressed valuations.\nFinally, there are some investors who look for proverbial bargains by screening for percentage declines over some fixed period. That is not a methodology I favor. Many companies can be mis-priced in terms of valuation and so the fact that a name is down a particular percentage is of less importance to me, than how the companies score on EV/S valuation and free cash flow margins. I have seen many articles that focus on either Snowflake or Palantir because of their steep declines during and even before the sector rotation. While it is not uncommon for commentators to use a percentage decline as a screening point, my approach doesn’t value that technique. Specifically, there was no conceivable logical methodology that could have supported the peak valuations of either Snowflake or Palantir, so the fact that they have fallen substantially is not proof-at least to this writer-that they are now reasonably valued.\nI try not to be obsessively tied to formulas in creating a buy list for my own portfolio or for my recommendations. I am, admittedly, biased toward growth, but when I see a combination of growth and free cash flow margin, I can fall in love-at least figuratively. (Sort of like Daumier’s famous lithograph, “Fusion des Compagnies. Effusion des actionnaires. (Les Beaux Jours de la Vie), from Le Charivari, Honoré Daumier ^ Minneapolis Institute of Art. I use some combination of all approaches in compiling my own list of names that I think are buy rated. I don’t include any megacap names, more because I think their investment merits are well recognized and there isn’t too much in the way of value add that I might provide.\nTo repeat: both Palantir and Snowflake are and will remain remarkable businesses that are revolutionizing the way software is used in both government and commercial applications. Bringing storage to the cloud the way it is done by Snowflake is hastening digital transformation and making it easier to migrate workloads to the cloud-a significant priority for many-probably most enterprise users of IT. The combination of data integration, AI and search which enable users to find patterns and develop useful insights is achieving some of the more “Buck Rogerish” dreams of software engineers and ultimately all classes of users.\nBut having said that, it is still necessary to look at growth and cash flow to arrive at a valuation and while the valuation compression has led to opportunities, the opportunities are not of the once in a generation scale. Investors who want to own the best companies frequently are going to be asked to sacrifice some percentage upside to buy the best of the breed, and that is what I see here, regardless of my admiration of the offerings of both companies.\nOne thing to note: I would be greatly surprised if either Palantir or Snowflake will precisely look the way they do at this writing. They are going to wind up making acquisitions-I doubt that valuations and chemistry would allow either company to be acquired. Speculating about acquisitions is a fun parlor trick, but not something that can really be forecast with any degree of specificity. But one reason as to why I have suggested that these companies will continue to grow at elevated rates relates to my belief that there will be some element of inorganic revenue in the results of both companies 4 years from now.\nThe background of Snowflake and Palantir\nBoth of these businesses have been and remain high growth companies with strong technology moats and a host of the most prominent IT users in the world. Palantir reported recent results that swung strongly to free cash generation; SNOW is perhaps the fastest growing name I have seen at scale. And the shares of both companies have seen rather substantial compression. Since the rotation began in early/mid-February, shares of Snowflake have fallen as much as 39% before bouncing 11.5% on Friday, May 14th partially due to a new recommendation from the analyst at Goldman Sachs.Shares of Palantir had fallen as much as 53% before its bounce 9.3% on Friday May 14th.\nBoth of these companies seem destined to be major factors in the software over the course of the coming years. Over time, as they mature, I expect that both of these company’s will evolve highly profitable business models. Based strictly on the way I value companies, I find the shares of Palantir to be more attractive to investors than the shares of Snowflake-even though self-evidently, Snowflake is growing faster than Palantir. I believe that long-term investors will achieve a somewhat greater return investing in Palantir than in Snowflake-but the difference isn’t huge and speculating about an end-result 4 years from now is inevitably a fraught undertaking.\nI have been frequently asked by subscribers to my Ticker Target service. by investment advisory clients and by readers of SA articles to provide some opinion on both of these companies with a plurality inquiring about Palantir. For months, until now, I haven’t chosen to make much of a response given the valuations have been of a magnitude that made any kind of positive recommendation more faith based than logical.\nTrying to find a formula for relative valuations\nLet’s face it-trying to decide between the investment merits of two companies with a great base of IP, addressing hot spaces within the enterprise software space is a bit like handicapping the results of sporting events before the start of a season. There is loads of pure guesswork and less substance than most would like. Many analysts demur doing something like this-or if they are like me, they suggest to clients that there is no reason just to own a single name of this kind in a portfolio. I am going to attempt to present some qualitative as well as quantitative analysis-but in the nature of things it will be subjective.\nOne consideration is always management. Does either Palantir or Snowflake have better management?Frank Slootman of Snowflak eprobably has better bona fides than the Alex Karp, the CEO of Palantir- he has, after all , sold one company he founded, Data Domain to EMC for an incredible valuation and he guided Service Now to huge success, and in the process more or less ran over BMC Software which was one of the stalwarts of the enterprise software space for many years.\nThe CEO of Palantir is Alex Karp and he co founded the company 17 years ago. He has a host of beliefs that many might consider outside of the mainstream, especially for a company that makes a living selling to the US government and particularly the US military. He has been described as eccentric and I imagine that any self-professed socialist who has built a net worth of almost $2 billion is likely to have an unusual set of values. The fact that he keeps Tai Chi swords in his office-which at times can be in a barn in New Hampshire-while not entirely abnormal amongst tech entrepreneurs, is more than a bit different than the background of Mr. Slootman.\nBut company’s such as Palantir are run by teams and there are some extraordinary players on Palantir’s team.Peter Thiel,well known as a co-founder of PayPal (PYPL) and one of the first outside investors in Facebook, also co-founded Palantir and remains on the board. So too,is famed tech investor, Joe Lonsdale who recently said that:\n\n “As a director of a public co there are regulations about what you can say – you’re discouraged from speaking up & nobody does in our risk-averse society. But #’s came out yesterday and were misunderstood… we are going to crush the shorts / I am extremely bullish.\"\n\nI am not quite sure why Mr. Lonsdale felt that the quarterly results were misinterpreted. Palantir was caught up in a tech rout on the day after its earnings were released. It was just reflecting the sector rotation that has marked much trading in these names .\nFinally,there is Stephen Cohen,another co-founder of Palantir and currently an Executive VP of the company. Famously, at the ripe age of 23, he has been credited with writing the initial prototype of the Palantir platform in all of 8 weeks.\nAs must people who know me would agree, I am a somewhat desiccated older curmudgeon, whose acceptance of eccentricities is perhaps less than it should be. But overall, I believe that in evaluating these two companies, there is not all that much to choose. It is a bit easier to conclude that Snowflake has a management structure that will lead to better investor returns simply because of the track record of the CEO. But Peter Thiel and Joe Lonsdale have made themselves billions and those along for their various rides have done quite well. I can wish that there was less mystery surrounding some parts of the Palantir business, but at the end of the day, I don’t think an investment decision between these two names can be made based on differences in management capabilities.\nLike most other analysts, I try to look at relative valuations in making a recommendation. The fact is that Snowflake still has the highest 12 month forward EV/S ratio of any name I follow, and that valuation is based on a revenue estimate of $1.2 billion. That is a forecast for growth of just over 100% for the next 12 months-and about 10% above the current published consensus for the same period. Despite the forecast for triple digit growth, I wouldn’t find it terribly surprising for Snowflake to continue to exceed estimates-the momentum in its space is just that strong.\nEssentially the problem I have with recommending Snowflake shares is just how much the company will have to grow in order to justify the current valuation-even after the huge haircut of recent months. I have used a 3 year forward CAGR estimate of 70%-I think that is reasonable, if growth this year is over 100% as seems likely.\nSnowflake in its latest reported quarter started to generate free cash flow. To do so, however, it needed to have an enormous growth in its deferred revenue balance-a result that is partially seasonal as its clients renew their agreements. I expect SNOW to generate a modest level of free cash flow in its current year, but that is not going to be a sufficient reason to recommend the shares. In order to generate 70% revenue growth over several years, I anticipate that the company’s ability to generate a substantial free cash flow margin will be challenging. The company will simply have to continue to make outsize investments in sales and marketing and research and development. I imagine that some of that will continue to be part of the company culture even looking out several years; I would not anticipate anything more than average cash flow margins by that time-and those margins could easily be less than average.\nIn any event, using a multi-year CAGR of 70%-and then starting the compounding from the base of $1.2 billion of revenues that I anticipate for the current year produces a terminal revenue estimate of about $5.9 billion. I assume that this company will still be enjoying hyper growth at the end of the period-just not at the current elevated levels. I think using a terminal growth rate of 35% is reasonable and even after valuation compression, the average EV/S for that growth rate is 16X. So, that might suggest that the enterprise value for Snowflake 4 years from now ought to be about $94 billion-the enterprise value as of the close on Friday was $56 billion, or thereabouts. That works out to a 14% annualized return. That is certainly far better than such a calculation might recently have been, and far greater than any assumed inflation rate I have seen…but I wonder if it is enough for most investors who are usually looking for something more to be properly compensated for risk in investing in a name such as this.\nA comparable calculation for Palantir starts with estimated revenues of $1.8 billion for the next 12 months. This estimate was revised based on the results that the company reported on 5/11/21. That is considerably greater than the currently published consensus-for 2021 of $1.47 billion-but my estimate goes out an additional quarter and is not burdened by the adherence to the company’s rather mechanical guidance of “greater than 30% for the foreseeable future” which has been the mantra of the company CEO, and which is used by many analysts as a substitute for preparing their own set of expectations.\nLast year, the company reported a 47% growth in revenues and had forecast a 45% growth in revenues for Q1. Q1 revenue growth came to 49%; the company is forecasting 43% revenue growth year on year in the current quarter but given the rather muted sequential growth implied in that forecast (5.6%), I believe it will be exceeded by some noticeable amount. The company reported a free cash flow margin of 34%, a very dramatic change from the negative free cash flow margin reported in 2020.\nWhile the company saw a decline in its deferred revenue balance in Q1, the more inclusive metric of remaining performance obligation rose by 4.7% sequentially, which is a strong performance given the typical seasonal decline usually seen in that metric in Q1.Overall, calculated billings were up 248% year on year and the year on year increase in the RPO balance came to 129%. These are, in my opinion, strong indicators for future growth.\nSince the time that Palantir became a public company, it has been criticized for the slow growth of its commercial business compared to its government business. But in the last quarter, the company’s US commercial business finally showed some decent growth of 72%. I will cover this subject more fully later on in this article.\nIn any event, I have chosen to use a 3 year forward CAGR of 42% in evaluating Palantir, based more on its historical growth than some special knowledge about how fast it might grow. Because of the multiplicity of products and solutions that are enabled by Palantir’s platforms, it can be a bit more difficult to estimate a longer term growth rate than would be the case when dealing with a company whose revenues are coming from a more targeted focus. In any event, using a 42% CAGR, and my current estimate for 12 month forward revenues yields a run -rate estimate 4years out of greater than $5.2 billion. My guess, and I make no representation that it is more than that, is that the company will be still growing in the low 30% range at that point, with a free cash flow margin of greater than 20%.Just to be clear, the cash flow results seen last quarter, while perhaps not enough to suggest a trend, are certainly suggestive of a business model that is potentially very profitable. Taking the estimated cash flow generation into account, the CAGR that I am estimating for Palantir is currently worth an EV/S of about 16X-17X looking at the average EV/S metric for a low 40% growth estimate. In turn, this leads to an enterprise value forecast of about $86 billion compared to last Friday’s enterprise value of $$44.5 billion. This suggests a 4 year return of about 18% compounded, somewhat better than the rate of return I calculate for Snowflake. Snowflake’s elevated valuation simply makes it very difficult to realistically project exceptional long-term returns-even though in many ways Snowflake is an exceptional company operating in an exceptional market.\nWhere the analysis could be off and what are the risks?\nThis article is basically about which of the two names I would rather hold or invest in for the long-term. It isn’t a terribly obvious choice-although the numbers, as I see them, suggest that Palantir will relatively outperform Snowflake-mainly because even after a substantial valuation compression, Snowflake shares are still the most expensive name in the IT space in terms of EV/S by a fairly substantial margin. Just to make that point abundantly clear, Snowflake shares, as of the close on Friday, May 21thhad an EV/S ratio based on forward revenues of 53.5X; the next two highest ratios in my coverage universe were those of Bill.com (BILL) at 36.5X and Cloudflare (NET) at 35.9X. Meanwhile, Palantir shares currently sell for an EV/S of 25.5X.\nThere are certainly flaws in the investment merits of both companies. I have presented a quantitative model that attempts to deal with the difference in growth rates for the two companies at the present time. But I would be the last analyst on the planet to suggest that I have some crystal ball. I really have no specific way of addressing the potential growth of Snowflake over the next 4 years. I feel reasonably comfortable in suggesting that my use of $1.2 billion for SNOW revenue over the coming 4 quarters is supported both by qualitative comments made by company management and by using sequential quarterly growth estimates that are consistent with recent history. Further, the company’s RPO balance grew to $1.3 billion, up 213% for the year and its DBE ratio was 168%. The RPO balance actually rose by 44% sequentially the latest reported quarter, after rising by 35% sequentially the prior quarter, and the sequential growth in revenues was 19% for the quarter compared to 20% the prior quarter. Given all of those statistics, I felt that forecasting $1.2 billion for the next 4 quarters, compared to the company’s forecast of about $1075 million for the current (2021) year made sense.\nBut when it comes to supporting a CAGR of 70% for the 3 years after this one, I would acknowledge that it is somewhat of a guess-and a CAGR of that rate would be breaking new ground in terms of growth at scale. I will be reviewing some of the reasons for the company’s exceptional growth opportunities below-but those specifics are simply not going to allow me, or anyone else, to determine if the most reasonable CAGR is 50% or 70% or some other number. I have yet to see a 3 year CAGR of 70% for a company of this scale. But given that I anticipate that the first year in the forecast period will be nearly 100%, then 70% growth is quite likely and allows for slowing growth as the company’s scale approaches and exceeds a $6 billion revenue run rate.\nNot terribly surprisingly,many analysts rate SNOW shares as a hold although some percentage do rate it as a buy. The issue is almost entirely one of valuation-with a current EV/S of 54X based on the share price of May 28th, at least a plurality of analysts are forecasting some level of multiple compression; it makes price target setting a fraught undertaking.\nThere is, perhaps a bit more murkiness, when it comes to evaluating Palantir’s multi-year CAGR and that is a function of the long standing comment of by the CEO, “Per long-term guidance policy, as provided by our Chief Executive Officer, Alex Karp, we continue to expect:\n\nAnnual revenue growth of 30% or greater for 2021 through 2025.”\n\nThis comment appears regularly as part of the guidance section in the quarterly earnings release-just my opinion-but I think the company ought to drop the statement or revise it to take some account of what appears to be happening in the market.\nIn turn, this has led to consensus forecast that have 2022 revenues rising by just 30%. It should be reasonably obvious that no one owning the shares can believe such a forecast and analysts who recommend the shares can’t really do so with a straight face using a 30% revenue growth estimate.\nThat said, Palantir shares certainly don’t have a particularly strong consensus rating compared to many other enterprise software names. First Call suggests that on average the rating is between a hold and an underperform. At the moment, however, only 7 ratings and 8 estimates are being reported to First Call. Most estimates were raised in the wake of the latest earnings report.\nAs subscribers are aware, when I try to triangulate some kind of buy/sell hold rating for shares by using some combination of expected future growth rates coupled with free cash flow margins. But in order to even guess responsibly at what a growth rate for a company in the space might be, I try to use some expectation of how the solutions offered are going to create positive ROI for users.\nI will cover below my expectations in that regard but I really see no reason to believe that any long term growth estimate of less than 40% for Palantir is well founded. The company has a rather wide variety of solutions and users seem to be achieving more than acceptable ROI’s when implementing what they have bought. The key to maintaining growth at greater than 40% is self-evidently the market opportunities that are outside of the company’s efforts in its Federal vertical.\nAs mentioned, there were some signs of progress last quarter with growth in the US Commercial space reaching 72%. I imagine, however, that many observers and stakeholders might be concerned that the growth in US government revenues which reached 83% last quarter is unlikely to be duplicated in coming periods. Overall, the growth in commercial deal value, after adjustments for duration, was 76%. Overall, the company got $208 million or 61% of its revenues from government entities while the other 39% of its revenues came from commercial customers.\nBefore leaving the subject of risk, and perhaps being guilty of restating the obvious, the shares of both companies will perform poorly in a period of rotation favoring value names, and will perform rather well if the rotation favors growth names. Because of their valuation, the shares of these companies will be strongly correlated with the performance of an index of Cloud stocks, so called, such as CLOU until either or both start to generate substantial and sustained free cash flow margins that will start to change the valuation paradigm substantially.\nWhat does Palantir offer its users and how is that resonating in the market?\nWhat I would like to do-but which is not totally feasible-is to run through Palantir’s products and solutions to try to build a reasonable model that supports 40%+ growth. But this company has a multiplicity of platforms in discrete areas, and many more solutions so about all I am going to be able to do is touch the highlights and competition of the areas in which the company competes.\nPalantir offers 3 major product categories. These include Gotham, Foundry and Apollo.I imagine that Foundry is the best known product set offered by Palantir. Foundry is a data integration platform. There are many companies in this space including Boomi, Informatica, MuleSoft/Salesforce (CRM), Oracle (ORCL), Talend (TLND), Tableau/Salesforce and Alteryx (AYX). The data integration market has a relatively pedestrian growth forecast of a bit less than 8% although its size, estimated to be over $11 billion by 2026, is a worthwhile target. How does Palantir stack up? Here is a review of Palantir when compared to the leading data integration platform, Informatica Power Center:Compare Informatica PowerCenter vs Palantir Foundry. From a product perspective, there is nothing striking that would allow Palantir to gain a huge amount of market share in the commercial space.\nGotham is the heart of the Palantir franchise and the company continues to enhance the platform. While the linked description of the latest launch probably reads a bit like science fiction:Palantir Gotham | 21 Launch, the fact is that in terms of forecasting growth, this is probably where an analyst needs to start. Gotham is essentially big data analytics-with a full panoply of bells and whistles. The Gotham platform is designed to integrate structured data that is contained in rows and columns, as well as unstructured data such as emails, images and videos. It is basically a sophisticated query tool, and may be thought to be competitive with Elastic’s search technology. Here is a competitive analysis of the two solutions:Palantir Gotham.\nThe data that is collected using Gotham is integrated and then is mapped into what are meaningfully defined objects-enhanced by the relationships that connect them. From that point, the data is tagged, secured and tracked.\nGotham is the heart of Palantir’s government practice in that it is often used by agencies looking to “find bad actors hiding in complex networks.” It is the elaboration of that technology that I believe is driving the extremely strong growth of Palantir’s government business, and with the recent breaches at Colonial Pipelineand through SolarWinds (SWI) hack, coupled with aggressive remediation/security efforts, I believe that the very strong growth rates seen by Palantir in its Federal business are likely to continue and remain at hyper-growth levels for some years to come.\nThere are many interesting use cases for Gotham that highlight its versatility. The following link shows a variety of use cases as one scrolls through the article:Palantir: Transforming the way organizations use data - CTOvision.com. While the CAGR for big data analytics as projected in the linked study is only around 11%, the size of the space, relative to the size of Palantir is so substantial as to suggest that forecasting hyper growth is quite reasonable:Big Data and Business Analytics Market Size, Share | 2027. There are going to be many winners and leaders in the big data analytic market. Many enterprises are going to roll their own, using some 3rdparty tools such as those on offer from Elastic, for example. Some users will take advantage of the current offering from low code/no code vendors to facilitate building their own applications from the ground up. But the available market for Gotham is still an opportunity many times the current size of Palantir and looking at all of the problems it can solve perhaps gives readers some sense of why I find it reasonable to believe that Palantir will reach $5 billion in revenues over the coming 4 years.\nApollo is the 3rdmajor platform offered by Palantir although it is more of an enabling technology that is most often used in conjunction with both Gotham and Foundry. It is said to enable the use of SaaS applications where no SaaS applications have gone before.\nHere is a link to a 3rdparty review of the technology:Palantir Apollo. It is because of Apollo, and its ability to deliver software securely into just about any conceivable location from a battlefield to a submarine, that has enabled the company to win some major deals with the US Government customers and particularly the military and security agencies. Here is a link to a specialist 3rdparty consultant that follows technology trends and market share gains and losses amongst vendors to the US government:Competitor highlights: Palantir.\nAt the moment, the market addressed by Apollo is not well defined, and there are no publicly available statistics on the size or growth of the space. What I can suggest, is that Apollo is a key differentiator for the company and that the technology is a key factor in the success that the company has had and will likely continue to have in selling to the government and to some commercial enterprises as well.\nOverall, Palantir’s products are aimed at high-end enterprise users. Typical sales are going to be in the millions of dollars, even when looking at the commercial market. Here is a current analysis of prices that Palantir is charging:Palantir Gotham Pricing.\nMany readers will be familiar with the Palantir story; others will not. This is not intended to be a detailed evaluation of the various solution sets that are offered by the company, but might serve to illuminate the likely growth drivers the company has put in place that should resonate strongly with users over the next several years. Palantir advertises solution capabilities in 20 specific areas. I have linked to the solution directory the company presents:Solutions. It would be difficult to categorize the solutions in any meaningful sense.\nLike many software companies at this point, Palantir offers AI capabilities as part of its stack. Whether the form of AI offered by Palantir is better than many other implementations of AI that are nowadays used for many different purposes is not readily determinable.\nThese days there are a number of AI focused vendors whose shares have attracted interest. Perhaps the most prominent of these is C3.ai (AI). I think that Palantir’s differentiation is the use cases in which its form of AI is embodied in a specific solution that can create rapid time to benefit for many users. Indeed, I think the fact that Palantir already has a multiplicity of use cases that are based on AI technology coupled with deep learning is one of the reasons that I feel comfortable in forecasting 40%+ growth over some years.\nOverall, I think that the scope of the technology and the success that the company has had in translating that technology into usable solutions for both government and commercial users is likely to enable Palantir to maintain growth of above 40% for sometime into the future.\nWhy has Snowflake become the fastest growing software companies at scale?\nAgain, I assume that many readers will be familiar with the Snowflake story and others will not. The key to making a successful investment in Snowflake is not the fact that it is the fastest growing company in the enterprise software space, but in determining just how long that happy state can last, and the ramp that the company will achieve in terms of developing a consistent free cash flow margin. And while I do not purport to be a fortune teller, or even aspire to such a capability, I think looking at the solutions offered by Snowflake can help investors determine just what a long term CAGR might be.\nHere I have linked to a publication from Snowflake called “Data Cloud for Dummies.” I certainly am not intending to cast aspersions on the intellectual prowess of subscribers and general readers, but for those looking for a very quick synopsis of the company’s capabilities and what customers do with Snowflake implementations, this is a go to reference manual:The Data Cloud for Dummies | Snowflake. Most everything an investor might need to know about the Snowflake product offering and differentiation is contained in these few pages. Indeed, investors will not have to read all of this handbook to figure out who is using Snowflake, the benefits they are achieving from deploying the product and the value and capabilities a user can get from using the Snowflake data cloud. Most of that material can be seen on pgs. 18-20 while some selected use cases are described on pgs. 29-41. Most of the rest of the handbook describes how to use the Snowflake data cloud which is not really going to help readers figure out why Snowflake’s revenues and its bookings are rising at triple digit rates.\nThe Data Cloud allows users to do many of the things with data that consultants and most IT staff members have wanted to accomplish for the last decade or more. One of the most important attributes of the Data Cloud is its ability to unite siloed data so that organizations can discover what they have and securely share the now governed data. If this sounds something like the data integration capabilities offered by Palantir and others, it is because it is-although the technology is quite a bit different, and with Snowflake everything is cloud native-there is no equivalent to Apollo.\nWhile security has to be a component of what everyone does with data these days-the Snowflake solutions are more about access and sharing with security as part of the solution while Palantir starts with data security. It is more a matter of emphasis than functionality. I have linked here to an interesting thread that compares the two solutions-note carefully that the initiator of this thread is an original investor in Palantir and needless to say has a viewpoint relative to the merits of the two companies that would be disputed by many:Palantir Tech Platforms vs Snowflake\nSnowflake has plenty of competitors and that has been the case for many years. Many of its wins are competitive displacements and it usually has to battle one or more of the big 3 cloud vendors to secure a deal. The mega-cap cloud companies all offer capabilities that users generally evaluate before choosing Snowflake. Specifically, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)Big Query, Amazon (AMZN) Red Shift and Microsoft (MSFT) Azure SQL Server are competitors. Here is a link by a 3rdparty comparing Google and Snowflake. Essentially, Snowflake is considered the winner:Snowflake vs. BigQuery\nHere is a link comparing Snowflake with Amazon Redshift. I think it is fair to synthesize the comparison with a view that for users with an all-cloud environment, and who have not become overly dependent on Amazon, Snowflake offers a better alternative, although the competition is less unequal than would be the case in looking at Google vs. Snowflake:Redshift vs Snowflake: 6 Key Differences.\nFinally, there is the comparison of Snowflake vs. Microsoft Azure. Here the review linked didn’t reach a conclusion. What I think comes through, however, is that the perception is that Snowflake provides higher performance with some critical database features. In any event, in terms of user reviews: Snowflake was a winner:Redshift vs Snowflake: 6 Key Differences.\nCloud data warehousing is a high growth area-it is essentially the future of most data storage: although hybrid solutions will remain a popular choice. See this link for the reason for the transformation:Cloud Data Warehouse is The Future of Data storage.\nAccording to a couple of market research vendors, the cloud storage market is likely to achieve a CAGR in the low 20% range for the next several years. The available market is forecast to reach $137 billion at the end of the period. Given the strong user ratings for SNOW, its competitive advantages vis-à-vis the largest competitors, the perception of the company’s functionality in the market and the track record of the company’s leader in past competitive situations, I don’t think the forecast of a multi-year CAGR of 70% is all that much of a stretch.\nI expect that the Snowflake earnings which will be reported while this article is in the review process to significantly exceed the consensus forecast which is for quarterly revenues of $213 million and an EPS loss of $.16. The current consensus calls for sequential growth of just 10% and that seems to be more or less of a sandbag. I see no reason to expect such a muted growth level-either in the reported quarter or in the near future. But that said, much of the enviable performance that Snowflake has achieved, and is likely to achieve going forward is already priced into the shares.\nWrapping up: Palantir or Snowflake?\nBoth Snowflake and Palantir have created advanced IT solutions for their clients. Snowflake has been able to leverage its technology more successfully than Palantir to achieve unheard of growth rates. Part of that is clearly a testament to the leadership of Frank Slootman and his competitive ethos. Part of it is a function of history.\nJust judging by the number of articles on SA, and their generally positive tenor, there are some who feel that users can do more with Palantir’s set of solutions than has been done with Snowflake. Palantir has been designed to be used by government agencies and AI is at the core of the offering. That is somewhat different from Snowflake. The key to Palantir’s ability to achieve hyper growth for years into the future will be the success it has in terms of the commercial market and in non-US geos. The results the company recently reported certainly provide a level of comfort in that regard.\nThe key to Snowflake’s continued success will be its continued success in sales execution. Given that the effort is now lead by a very resourceful and aggressive CFO, Frank Slootman, I expect big things.\nAs mentioned, I think it’s inevitable that both Snowflake and Palantir will become major IT vendors over time. Unfortunately-what I think, is obviously also thought by many major investors in the IT space. Neither Palantir or Snowflake is likely to be the next Tesla with a valuation more or less unrelated to operational fundamentals. I would never have chosen to write this article if I had much expectation of that kind of frenzy arising. These are both software companies and they can and will be valued by long term investors based on revenue growth and free cash flow generation.\nIf I had to pick one investment between these two companies, it would be Palantir-simply because of valuation. But as President Lincoln once said in a far different context, “I do not have to choose either, I can simply leave [her]alone.” In this case the recommendation is to leave the shares alone and look for stronger returns. For those interested in such things-here is the link to President Lincoln’s comment:Fourth Debate: Charleston, Illinois – Lincoln Home National Historic Site (U.S. National Park Service). And at the end of the day, that is my conclusion-find investments in the space with greater percentage upside potential.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110665900,"gmtCreate":1622450203000,"gmtModify":1704184598603,"author":{"id":"3568240797203410","authorId":"3568240797203410","name":"神也是人","avatar":"https://community-static.tradeup.com/news/e1e0bc6bd7698b34a90e75a384a5b565","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568240797203410","authorIdStr":"3568240797203410"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/110665900","repostId":"1141703612","repostType":4,"repost":{"id":"1141703612","kind":"news","pubTimestamp":1622448591,"share":"https://ttm.financial/m/news/1141703612?lang=&edition=fundamental","pubTime":"2021-05-31 16:09","market":"us","language":"en","title":"Dow 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1141703612","media":"MarketWatch","summary":"U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by th","content":"<p>U.S. market benchmark has gained 7% on average between June and August</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0baa1f773514a29e3ea7e2f7650c56d6\" tg-width=\"1260\" tg-height=\"833\"><span>GETTY IMAGES</span></p>\n<p>Dow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In fact, all it would take is a summer rally of average magnitude.</p>\n<p>Many on Wall Street are excitedly talking up the potential for a summer rally this year. Since its creation in 1896, the Dow Jones Industrial Average&nbsp;at some point in June, July or August has been 7.34% higher on average than where it stood at the end of May.</p>\n<p>Before you rush to put new money into the U.S. stock market, you should know that profiting from this potential isn’t as straightforward as it seems. It would not be a good idea, for example, to simply place a market order at the end of May to sell if the Dow rises 7.34% by Labor Day. That’s because 7.34% is an average. In some years the Dow has gained far less. In fact, at times the Dow at no point in June, July or August was higher than where it stood at the end of May.</p>\n<p>Moreover, there’s nothing special about the market’s rally potential during the summer. This is illustrated in the chart below, reflecting the Dow’s 125-year history. Each month’s column in the chart represents the Dow’s average gain from the end of that month to its higher close at any point over the subsequent three months.</p>\n<p><img src=\"https://static.tigerbbs.com/d8adc67c9010c2a767ff19ec543d51ae\" tg-width=\"1260\" tg-height=\"849\"></p>\n<p>Notice that the rally potential for several other months is just as high as for May, if not higher. At the 95% confidence level that statisticians often use to determine if a pattern is genuine, there is nothing unusual about the market’s rally potential over the three months from the end of May.</p>\n<p><b>The origins of the ‘summer rally’</b></p>\n<p>How, then, did Wall Street ever come to believe that there is a summer rally? Though I’ve never been able to discover a definitive answer, my hunch is that it traces back to around the same time decades ago in which investors began focusing on another seasonal tendency — the “Sell in May and go away” pattern. Since Wall Street doesn’t earn any commission income if traders actually go away for the summer, it would have had a powerful incentive to concoct some narrative that could entice buyers and sellers to stick around.</p>\n<p>A summer rally ingeniously fits the bill. Believing in it doesn’t require denying the sell in May premise — that the stock market is a below-average performer during the summer. All the “summer rally” requires is the belief that the market will rally at some point during the summer. So it has a superficial plausibility, but nothing more.</p>\n<p>My skepticism doesn’t mean the stock market won’t rally this summer. My point instead is that, if it does, it won’t be because of the heat.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally</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 37,000? It’s possible if U.S. stocks stage an ‘average’ summer rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 16:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In ...</p>\n\n<a href=\"https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/dow-37-000-its-possible-if-u-s-stocks-stage-an-average-summer-rally-11621899736?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141703612","content_text":"U.S. market benchmark has gained 7% on average between June and August\nGETTY IMAGES\nDow 37,000 by the end of the summer? That seems too good to be true, since Labor Day is just three months away. In fact, all it would take is a summer rally of average magnitude.\nMany on Wall Street are excitedly talking up the potential for a summer rally this year. Since its creation in 1896, the Dow Jones Industrial Average at some point in June, July or August has been 7.34% higher on average than where it stood at the end of May.\nBefore you rush to put new money into the U.S. stock market, you should know that profiting from this potential isn’t as straightforward as it seems. It would not be a good idea, for example, to simply place a market order at the end of May to sell if the Dow rises 7.34% by Labor Day. That’s because 7.34% is an average. In some years the Dow has gained far less. In fact, at times the Dow at no point in June, July or August was higher than where it stood at the end of May.\nMoreover, there’s nothing special about the market’s rally potential during the summer. This is illustrated in the chart below, reflecting the Dow’s 125-year history. Each month’s column in the chart represents the Dow’s average gain from the end of that month to its higher close at any point over the subsequent three months.\n\nNotice that the rally potential for several other months is just as high as for May, if not higher. At the 95% confidence level that statisticians often use to determine if a pattern is genuine, there is nothing unusual about the market’s rally potential over the three months from the end of May.\nThe origins of the ‘summer rally’\nHow, then, did Wall Street ever come to believe that there is a summer rally? Though I’ve never been able to discover a definitive answer, my hunch is that it traces back to around the same time decades ago in which investors began focusing on another seasonal tendency — the “Sell in May and go away” pattern. Since Wall Street doesn’t earn any commission income if traders actually go away for the summer, it would have had a powerful incentive to concoct some narrative that could entice buyers and sellers to stick around.\nA summer rally ingeniously fits the bill. Believing in it doesn’t require denying the sell in May premise — that the stock market is a below-average performer during the summer. All the “summer rally” requires is the belief that the market will rally at some point during the summer. So it has a superficial plausibility, but nothing more.\nMy skepticism doesn’t mean the stock market won’t rally this summer. My point instead is that, if it does, it won’t be because of the heat.","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}