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2021-07-08

Boomz

Dow, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes

2021-06-16

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Tesla Bulls Look for Stock Catalysts. They Found Three.

2021-06-07

Trading day again!

2021-06-02

To the moon! //@Sashiimi:Nice

@Sashiimi:Long weekend is over!!

2021-06-01

Nice

@Sashiimi:Long weekend is over!!

2021-06-01

Long weekend is over!!

2021-05-29

Long weekend…

2021-05-28

Nice…

Big Tech Drawn to Singapore’s New Carbon Offset Trading Market

2021-05-28

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10 Reasons the Cryptocurrency Bubble Is Bursting

2021-05-24

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ZipRecruiter Is Going Public This Month. What to Know.

2021-05-24

Yes! ??

Sorry, the original content has been removed

2021-05-12

//@Sashiimi:Please like and comment for rewards! Nice

Bill and Melinda Gates are getting divorced. Here are some stocks they owned

2021-05-08

Boring weekends

2021-05-05

Hmm bear day?

2021-05-04

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Bill and Melinda Gates are getting divorced. Here are some stocks they owned

2021-05-03

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Snap: Fundamental Inertia Will Send This Rocket Higher

2021-05-02

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Twitter may struggle to replicate bumper 2020 growth

2021-05-01

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Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.

2021-04-30

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Toplines Before US Market Open on Friday

2021-04-29

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U.S. cruise stocks rose across the board

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23:05","market":"us","language":"en","title":"Dow, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes","url":"https://stock-news.laohu8.com/highlight/detail?id=1124277162","media":"seekingalpha","summary":"U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower","content":"<ul>\n <li>U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed meeting are released.</li>\n <li>The S&amp;P 500 edgesdown 0.1%, the Nasdaqfalls 0.3%, and the Dowslips 0.2%, weighed down by Goldman Sachs (-1.7%) and United Health (-0.5%).</li>\n <li>The 10-year Treasury yield slips 1.30% for the first time since February.</li>\n <li>\"The bond marketisn't waitingfor the Fed, yields are plunging again today,\" Matt Miskin, co-chief investment strategist at John Hancock Investment Management, told Bloomberg.</li>\n <li>Crude oil&nbsp;drops 2.3%&nbsp;to $71.66 per barrel; as a result the energy sector dips (XLE-2.4%). Exxon falls 2.5% and Schlumberger -2.9%.</li>\n <li>Consumer Staples (XLP+0.8%) and Utilities (XLU+0.5%) become the strongest performers in the session, as Energy and Financials (XLF-0.5%) are the weakest.</li>\n <li>Meanwhile, the dollar climbs, with the U.S. Dollar Index&nbsp;gaining 0.3%&nbsp;to 92.82.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes</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, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed ...</p>\n\n<a href=\"https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1124277162","content_text":"U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed meeting are released.\nThe S&P 500 edgesdown 0.1%, the Nasdaqfalls 0.3%, and the Dowslips 0.2%, weighed down by Goldman Sachs (-1.7%) and United Health (-0.5%).\nThe 10-year Treasury yield slips 1.30% for the first time since February.\n\"The bond marketisn't waitingfor the Fed, yields are plunging again today,\" Matt Miskin, co-chief investment strategist at John Hancock Investment Management, told Bloomberg.\nCrude oil drops 2.3% to $71.66 per barrel; as a result the energy sector dips (XLE-2.4%). Exxon falls 2.5% and Schlumberger -2.9%.\nConsumer Staples (XLP+0.8%) and Utilities (XLU+0.5%) become the strongest performers in the session, as Energy and Financials (XLF-0.5%) are the weakest.\nMeanwhile, the dollar climbs, with the U.S. Dollar Index gaining 0.3% to 92.82.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"content":"Boring weekends","text":"Boring weekends","html":"Boring weekends"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169875407,"gmtCreate":1623830779309,"gmtModify":1703820752248,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":32,"repostSize":0,"link":"https://ttm.financial/post/169875407","repostId":"1105892749","repostType":4,"repost":{"id":"1105892749","kind":"news","pubTimestamp":1623809672,"share":"https://ttm.financial/m/news/1105892749?lang=&edition=fundamental","pubTime":"2021-06-16 10:14","market":"us","language":"en","title":"Tesla Bulls Look for Stock Catalysts. They Found Three.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105892749","media":"Barrons","summary":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bu","content":"<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p>\n<p>Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p>\n<p>That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p>\n<p>Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p>\n<p>“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p>\n<p>Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p>\n<p>Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p>\n<p>Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p>\n<p>Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p>\n<p>Delaney rates shares Buy and has an $860 price target.</p>\n<p>New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p>\n<p>Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Bulls Look for Stock Catalysts. They Found Three.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Bulls Look for Stock Catalysts. They Found Three.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105892749","content_text":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.\nThat performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a highly concentrated time frame,” he writes.\nTesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the S&P 500.\n“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.\nJonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.\nCanaccord analyst Jonathan Dorsheimer is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.\nDorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his price target to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.\nLooking a little further back, Goldman Sachs analyst Mark Delaney was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.\nDelaney rates shares Buy and has an $860 price target.\nNew production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.\nTesla stock was down 3% to $599.36 on Tuesday, and down slightly for the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"content":"Gme to the moon!","text":"Gme to the moon!","html":"Gme to the moon!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114827858,"gmtCreate":1623067514074,"gmtModify":1704195345172,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Trading day again!","listText":"Trading day again!","text":"Trading day again!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/114827858","isVote":1,"tweetType":1,"viewCount":804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113568834,"gmtCreate":1622626902128,"gmtModify":1704187594643,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"To the moon!&nbsp;//<a href=\"https://laohu8.com/U/3568626113017315\">@Sashiimi</a>:Nice&nbsp;","listText":"To the moon!&nbsp;//<a href=\"https://laohu8.com/U/3568626113017315\">@Sashiimi</a>:Nice&nbsp;","text":"To the moon! //@Sashiimi:Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113568834","repostId":"119830866","repostType":1,"repost":{"id":119830866,"gmtCreate":1622534589855,"gmtModify":1704185772317,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Long weekend is over!!","listText":"Long weekend is over!!","text":"Long weekend is over!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119830866","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":707,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119839391,"gmtCreate":1622534626613,"gmtModify":1704185773605,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119839391","repostId":"119830866","repostType":1,"repost":{"id":119830866,"gmtCreate":1622534589855,"gmtModify":1704185772317,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Long weekend is over!!","listText":"Long weekend is over!!","text":"Long weekend is over!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119830866","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":528,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119830866,"gmtCreate":1622534589855,"gmtModify":1704185772317,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Long weekend is over!!","listText":"Long weekend is over!!","text":"Long weekend is over!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":2,"link":"https://ttm.financial/post/119830866","isVote":1,"tweetType":1,"viewCount":1010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137044528,"gmtCreate":1622275302864,"gmtModify":1704182617227,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Long weekend…","listText":"Long weekend…","text":"Long weekend…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/137044528","isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135419833,"gmtCreate":1622175554622,"gmtModify":1704180915482,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Nice…","listText":"Nice…","text":"Nice…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/135419833","repostId":"2138177300","repostType":4,"repost":{"id":"2138177300","kind":"news","pubTimestamp":1622172708,"share":"https://ttm.financial/m/news/2138177300?lang=&edition=fundamental","pubTime":"2021-05-28 11:31","market":"us","language":"en","title":"Big Tech Drawn to Singapore’s New Carbon Offset Trading Market","url":"https://stock-news.laohu8.com/highlight/detail?id=2138177300","media":"Bloomberg","summary":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and A","content":"<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.</p><p>The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.</p><p>Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating <a href=\"https://laohu8.com/S/AONE\">one</a>-on-<a href=\"https://laohu8.com/S/AONE.U\">one</a> with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.</p><p>Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.</p><p><b>Grab Support</b></p><p>Singapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.</p><p>“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”</p><p>Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. Singapore last week announced a pilot project to encourage more companies to buy certificates for offsets, even as quality control remains a concern globally.</p><p>Climate experts have warned that validating cheap offsets that don’t actually remove carbon dioxide could give companies a way to claim they’re carbon free without undertaking costly work to reduce planet-warming emissions -- resulting in greater pollution overall. Even respected environmental groups like the Nature Conservancy have come under fire for selling offsets that protect forests no longer in danger of being torn down.</p><p>Several private markets have emerged to trade carbon credits, such as the Carbon Trade Exchange in London, though Singapore is among the first to offer trading of carbon offsets backed by a public bourse. Unlike carbon credits, which give the holder the right to emit carbon, carbon offsets are projects -- from forests to solar power -- that counterbalance the use of fossil fuels.</p><p>While not among the world’s biggest carbon emitters, tech companies have a sizable footprint thanks to energy-intensive data centers. As of April, of the 10 largest U.S. companies by market value, only four had announced plans to reduce emissions to net zero by 2050 -- all of them tech firms.</p><p>Google last year said its net carbon footprint over its lifetime was zero, while Microsoft aims to be carbon negative by 2030. Large corporations are mostly worried about the quality and scale of their offsets and projects they back, Cho said.</p><p>Climate Impact X will host an exchange for carbon offsets trading as well as a marketplace of nature conservancy projects such as forests, wetlands or mangroves that companies can support. The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.</p><p><b>Verify Projects</b></p><p>Climate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.</p><p>The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.</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>Big Tech Drawn to Singapore’s New Carbon Offset Trading Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig Tech Drawn to Singapore’s New Carbon Offset Trading Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-28 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","GOOGL":"谷歌A","NGD":"New Gold","GOOG":"谷歌"},"source_url":"https://www.bloomberg.com/news/articles/2021-05-28/big-tech-drawn-to-singapore-s-new-carbon-offset-trading-market?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138177300","content_text":"(Bloomberg) -- Some of the world’s largest tech corporations -- from Google to Microsoft Corp. and Amazon -- are in talks with a new carbon offset trading platform in Singapore that would be among the first to be backed by a public stock exchange.The technology giants may use Climate Impact X as they strive to meet “ambitious” targets to become net-zero emitters, Herry Cho, Singapore Exchange Ltd.’s head of sustainability and sustainable finance said in an interview. Ride-hailing firm Grab Holdings Inc. has also expressed interest in the trading venue that’s set to be launched this year, she said.Companies with net-zero or even net-negative ambitions are quickly realizing that “negotiating one-on-one with their small sustainability teams” to find the best projects “is completely unrealistic and is draining their manpower,” Cho said.Microsoft and Google declined to comment, while Amazon.com Inc. didn’t respond to a request for comment.Grab SupportSingapore-based Grab said the company supports carbon offset programs that reduce emissions and provide economic uplift to communities.“Having greater transparency and assurance will help us achieve that promise to our consumers and key stakeholders,” a spokesperson said. “We look forward to more details when CIX is launched.”Private companies are coming under increasing pressure to reduce their carbon footprint to support goals under the Paris Agreement, and are looking for ways to cancel greenhouse gas emissions that can’t immediately be slashed. Singapore last week announced a pilot project to encourage more companies to buy certificates for offsets, even as quality control remains a concern globally.Climate experts have warned that validating cheap offsets that don’t actually remove carbon dioxide could give companies a way to claim they’re carbon free without undertaking costly work to reduce planet-warming emissions -- resulting in greater pollution overall. Even respected environmental groups like the Nature Conservancy have come under fire for selling offsets that protect forests no longer in danger of being torn down.Several private markets have emerged to trade carbon credits, such as the Carbon Trade Exchange in London, though Singapore is among the first to offer trading of carbon offsets backed by a public bourse. Unlike carbon credits, which give the holder the right to emit carbon, carbon offsets are projects -- from forests to solar power -- that counterbalance the use of fossil fuels.While not among the world’s biggest carbon emitters, tech companies have a sizable footprint thanks to energy-intensive data centers. As of April, of the 10 largest U.S. companies by market value, only four had announced plans to reduce emissions to net zero by 2050 -- all of them tech firms.Google last year said its net carbon footprint over its lifetime was zero, while Microsoft aims to be carbon negative by 2030. Large corporations are mostly worried about the quality and scale of their offsets and projects they back, Cho said.Climate Impact X will host an exchange for carbon offsets trading as well as a marketplace of nature conservancy projects such as forests, wetlands or mangroves that companies can support. The new platform is also backed by Singapore investor Temasek Holdings Pte., along with commercial banks Standard Chartered Plc and DBS Group Holdings Ltd.Verify ProjectsClimate Impact X will create a rating system for participants based on existing sustainability gauges such as the Gold Standard and will also use satellites, artificial intelligence and blockchain technology to verify the integrity of projects. The aim is to trade products such as futures and other derivatives on the exchange, said Lee Beng Hong, SGX’s head of fixed income, currencies and commodities.The platform will operate at the scale of a startup initially, and is hiring at least 20 people across areas such as tech, operations, legal and sales. SGX is helping the Climate Impact X management “set up the exchange’s infrastructure and marketplace” together with the other partners, Lee added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135437431,"gmtCreate":1622175505423,"gmtModify":1704180913368,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Like and comment for rewards!","listText":"Like and comment for rewards!","text":"Like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135437431","repostId":"2137132568","repostType":4,"repost":{"id":"2137132568","kind":"highlight","pubTimestamp":1621915020,"share":"https://ttm.financial/m/news/2137132568?lang=&edition=fundamental","pubTime":"2021-05-25 11:57","market":"us","language":"en","title":"10 Reasons the Cryptocurrency Bubble Is Bursting","url":"https://stock-news.laohu8.com/highlight/detail?id=2137132568","media":"Motley Fool","summary":"This might be more than just a \"healthy pullback.\"","content":"<blockquote><b>This might be more than just a \"healthy pullback.\"</b></blockquote><p>For more than 100 years, the stock market has been <a href=\"https://laohu8.com/S/AONE\">one</a> of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.</p><p>That is until cryptocurrencies came along a little over a decade ago.</p><p>The emergence of <b>Bitcoin</b> (CRYPTO:BTC), <b>Ethereum</b> (CRYPTO:ETH), <b>Dogecoin</b> (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.</p><p>But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.</p><p>While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.</p><p><img src=\"https://static.tigerbbs.com/08bd510be5ae746f0867c5de1184417a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>1. There's very minimal real-world utility</p><p>One of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.</p><p>2. Valuations, relative to transaction data, made no sense</p><p>Even though valuation is somewhat subjective, <a href=\"https://laohu8.com/S/AONE.U\">one</a> glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as <b><a href=\"https://laohu8.com/S/V\">Visa</a></b> (NYSE:V) and <b>Mastercard</b> (NYSE:MA), would leave anyone's jaw on the floor.</p><p>The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.</p><p><img src=\"https://static.tigerbbs.com/ce89a01a16c15dafb27017a6a42cedc3\" tg-width=\"700\" tg-height=\"496\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>3. Businesses have been slow to adopt blockchain</p><p>On paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.</p><p>However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.</p><p>4. There's virtually no barrier to entry</p><p>Aside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.</p><p>In short, the crypto space is constantly being diluted by an unlimited amount of competition.</p><p><img src=\"https://static.tigerbbs.com/614d7f34734e33d740f7f9c02ed3f8fd\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>5. Centralization remains a problem</p><p>One of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.</p><p>6. Elon Musk is tugging at heartstrings</p><p>Another reason the crypto bubble is bursting is that it's been artificially driven by tweets from <b>Tesla</b>&nbsp;CEO Elon Musk.</p><p>At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.</p><p>The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.</p><p><img src=\"https://static.tigerbbs.com/4c7f03bc8a60bee0f293f0582f185505\" tg-width=\"700\" tg-height=\"474\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>7. Not all governments are OK with crypto</p><p>The crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.</p><p>And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.</p><p>8. There are no identifiable real-world correlations</p><p>Yet another issue with crypto is there are no readily identifiable real-world correlations.</p><p>For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.</p><p>Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.</p><p><img src=\"https://static.tigerbbs.com/b04ade705354c4825038c4dfcd0187d9\" tg-width=\"700\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>9. Leverage is haunting the crypto market</p><p>The cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.</p><p>According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.</p><p>10. Investors always overhype new tech</p><p>Finally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>10 Reasons the Cryptocurrency Bubble Is Bursting</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\">\n10 Reasons the Cryptocurrency Bubble Is Bursting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-25 11:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","V":"Visa","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.fool.com/investing/2021/05/24/10-reasons-the-cryptocurrency-bubble-is-bursting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2137132568","content_text":"This might be more than just a \"healthy pullback.\"For more than 100 years, the stock market has been one of the greatest wealth creators in this country. Stocks might have taken a back seat to housing, oil, gold, or other assets for brief periods of time over the past century, but they've delivered the highest consistent returns of any investment vehicle.That is until cryptocurrencies came along a little over a decade ago.The emergence of Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), Dogecoin (CRYPTO:DOGE), and a host of other digital currencies have paved the way for once-in-a-lifetime gains. For instance, a $155 investment in Bitcoin at $1 would have been worth over $1 million when it hit $64,800 a token in mid-April.But over the past two weeks, cryptocurrencies have fallen off a cliff. Some would call this a natural pullback after a monstrous run higher. I have a different name for it: a popping bubble.While there is no shortage of enthusiasts who believe digital currencies are the greatest thing since sliced bread, I believe the crypto market is imploding for 10 very good reasons.Image source: Getty Images.1. There's very minimal real-world utilityOne of the biggest drawbacks of digital currency is that it's virtually useless outside a cryptocurrency exchange. Although we've seen a small number of high-profile companies or organizations accept Bitcoin or Dogecoin, the reality is that the total number of businesses accepting either is microscopic. Approximately 1,300 businesses globally have chosen to accept Dogecoin after eight years, while Fundera found that 15,174 businesses accept Bitcoin, as of December 2020. For some context here, there are an estimated 582 million entrepreneurs worldwide.2. Valuations, relative to transaction data, made no senseEven though valuation is somewhat subjective, one glance at transaction data for the three most popular cryptocurrencies, relative to payment processing juggernauts such as Visa (NYSE:V) and Mastercard (NYSE:MA), would leave anyone's jaw on the floor.The latest Nilson report found that 1.01 billion credit transactions were processed daily in 2018, 700 million of which were handled by Visa and Mastercard. By comparison, Bitcoin, Ethereum, and Dogecoin are processing in the neighborhood of 300,000, 1.4 million, and 50,000 respective transactions on their blockchains each day. All the major cryptos combined can't hold a candle to the processing potential of Visa or Mastercard, yet the Big Three of crypto have a higher combined market value than Visa and Mastercard. That makes no sense.Image source: Getty Images.3. Businesses have been slow to adopt blockchainOn paper, blockchain sounds great. On the financial side of the equation, it's a way to expedite the validation and settlement of payments. Rather than waiting up to a week for cross-border payments to settle, they could be resolved in mere seconds or minutes. Blockchain also has nonfinancial applications. Ethereum's smart contract-driven blockchain might be the key to one day unlocking supply chain bottlenecks.However, what sounds great on paper doesn't always translate into real-world success. Blockchain continues to suffer from a Catch-22. Businesses won't adopt it till the technology is proven on a broad scale, but no businesses will abandon their existing (and proven) infrastructure to effectively be the guinea pig. Until blockchain matures, big business will keep its distance.4. There's virtually no barrier to entryAside from minimal utility, my biggest personal gripe with crypto is there's no barrier to entry. Anyone with the time to code can develop a blockchain and, potentially, a tethered token. According to CoinMarketCap, there are almost 10,000 different cryptocurrencies in its system. While many aren't trading much, if at all, that's an insane number of potential competitors to Bitcoin, Dogecoin, and Ethereum, with the likelihood of many more to come.In short, the crypto space is constantly being diluted by an unlimited amount of competition.Image source: Getty Images.5. Centralization remains a problemOne of the many goals of cryptocurrencies is decentralization. This is to ensure that no one person or small group of people controls a network. Yet according to data from BitInfoCharts.com, ownership in Bitcoin and Dogecoin is fairly centralized. Just 2,155 addresses own almost 42% of all Bitcoin, while 66.6% of all outstanding Dogecoin is owned by only 99 addresses. It's possible folks are waking up to the fact that these financial experiments aren't as decentralized as they were intended to be.6. Elon Musk is tugging at heartstringsAnother reason the crypto bubble is bursting is that it's been artificially driven by tweets from Tesla CEO Elon Musk.At first, Musk was all aboard the Bitcoin train. He purchased $1.5 billion Bitcoin for Tesla's balance sheet in February and announced that the company would begin accepting Bitcoin for electric vehicle purchases a month later. Then, after 49 days, he tweeted that Tesla would no longer accept Bitcoin because of the adverse environmental impacts of mining it. He's since turned his attention to Dogecoin.The fact that tweets with little or no substance are creating and erasing hundreds of billions of dollars in crypto market value would seem to indicate that a bubble has been brewing for some time.Image source: Getty Images.7. Not all governments are OK with cryptoThe crypto bubble is also popping because some governments aren't OK with allowing cryptocurrencies to undermine their own central bank-backed currencies. Last week, China sent the crypto market into a tailspin after prohibiting banks and online payment channels in the country from offering any services related to the cryptocurrency industry. It should be noted that a lot of Bitcoin mining occurs in China.And China's far from alone. Turkey recently enacted a ban on crypto payments. Meanwhile, countries including Bolivia, Ecuador, Nigeria, and Algeria have effectively banned digital currencies. This trend makes the global use case for crypto unlikely.8. There are no identifiable real-world correlationsYet another issue with crypto is there are no readily identifiable real-world correlations.For example, we know that gold and the U.S. dollar have an inverse relationship to one another. When the dollar is declining in value, gold is very likely rising in value. This is a correlation that's been established over a long period of time.Bitcoin, Ethereum, and Dogecoin don't have these correlations. Enthusiasts like to point out how crypto is a hedge against inflation, but they forget that Bitcoin has both risen and fallen when the money supply expanded rapidly or slowly. Crypto is driven by emotion and technical analysis, primarily because it has no real-world correlations.Image source: Getty Images.9. Leverage is haunting the crypto marketThe cryptocurrency implosion can also be blamed on investors who are over-levered. Some of the most popular crypto exchanges will allow customers to use 50 to 125 times leverage on their actual account equity. While this isn't an uncommon amount of leverage in forex, where currencies move in fractions of a cent, it's absolutely ludicrous for crypto, which can move 3% in the blink of an eye.According to data from Bybt.com, via Bloomberg, over 887,000 accounts totaling $9.4 billion in aggregate crypto assets were liquidated as a result of leverage-based margin calls on May 19. Because of this insane leverage, it doesn't take much for things to go south quickly for the crypto market.10. Investors always overhype new techFinally, investors frequently overestimate the adoption of new technology. Though there is no shortage of people hyped up about blockchain, it's been more than a half-decade and the blockchain buzz hasn't materialized into meaningful enterprise usage. It takes all next-big-thing technology time to mature, and crypto will be no different.","news_type":1},"isVote":1,"tweetType":1,"viewCount":752,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131813235,"gmtCreate":1621844584927,"gmtModify":1704363174325,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/131813235","repostId":"1146017349","repostType":4,"repost":{"id":"1146017349","kind":"news","pubTimestamp":1621843320,"share":"https://ttm.financial/m/news/1146017349?lang=&edition=fundamental","pubTime":"2021-05-24 16:02","market":"us","language":"en","title":"ZipRecruiter Is Going Public This Month. What to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1146017349","media":"Barrons","summary":"ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The o","content":"<p>ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.</p><p>The online employment marketplace said it would make its debut on the New York Stock Exchange “on or about May 26, 2021,” a prospectus said. It will trade under the symbol ZIP.</p><p>ZipRecruiter itself is not selling shares with the offering and will not receive proceeds from the direct listing. Instead, its shareholders will offer up to 86,598,896 shares of Class A common stock for resale, according to the document.</p><p>ZipRecruiter will be the third company this year to use a direct listing to go public:Coinbase(ticker: COIN), a cryptocurrency exchange, used the method&nbsp;to list its shares in April on the Nasdaq, after the gaming platform&nbsp;Roblox(RBLX) did so for its March&nbsp;debut on the NYSE. (Squarespace, a website design company,has also filed to go public&nbsp;via a direct listing on the NYSE, but has yet to set a trading date.)</p><p>Companies mainly use direct listings because they’re cheaper than traditional IPOs and allow shareholders to sell their stock to the public without intermediaries. In a traditional IPO, a company sells shares and uses an investment bank or banks to underwrite the deals. But in a direct listing, a bank or banks typically work as financial advisors for the company going public.</p><p>ZipRecruiter has lined up six investment banks—Goldman Sachs(GS),JPMorgan Chase(JPM), Barclays Capital,Evercore Group(EVR), William Blair and Raymond James—to advise on the upcoming offering. However, only Goldman and&nbsp;JPMorgan Chase&nbsp;will consult with a&nbsp;designated market maker to set ZipRecruiter’s opening price.</p><p>Direct listings typically do not include lockups, which prevent shareholders from selling for a certain period of time. ZipRecruiter stockholders, similarly, will be able to selltheir shares as soon as the company lists later this month.</p><p>In a traditional IPO, a company will have a roadshow where the management team&nbsp;makes presentations to institutional investors&nbsp;to create interest in the stock. Direct listings have replaced the roadshow with the investor day, when investors typically learn about a company going public via a webcast meeting. ZipRecruiter is&nbsp;hosting its investor day&nbsp;on May 10.</p><p>Founded in 2010, ZipRecruiter is an employment marketplace for people looking for work and businesses seeking employees. More than 2.8 million businesses have used ZipRecruiter to find an employee while&nbsp;110 million jobseekers have sought employment on the site, the filing said. The company became profitable in 2020, reporting $86 million in income from $6.3 million in losses in 2019. Revenue droppednearly 3% to $418 million in 2020, the prospectus said.</p><p>ZipRecruiter has raised $219 million in funding, according to&nbsp;Crunchbase. This includes&nbsp;a $156 million round in 2018&nbsp;co-led by Wellington Management Company and Institutional Venture Partners, or IVP. IVP owns the biggest chunk of ZipRecruiter’s voting power—21.1%.</p><p>Several shareholders have registered their class A common stock, which they may or may not sell via the direct listing, the prospectus said. IVP has registered about 22.7 million Class A shares, while Wellington is offering roughly 1.9 million shares. ZipRecruiter CEO Ian Siegel has put up 10.5 million Class A shares.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ZipRecruiter Is Going Public This Month. What to Know.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZipRecruiter Is Going Public This Month. What to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 16:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The online employment marketplace said it would make its debut on the New York Stock Exchange “on or ...</p>\n\n<a href=\"https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZIP":"ZipRecruiter Inc."},"source_url":"https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146017349","content_text":"ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The online employment marketplace said it would make its debut on the New York Stock Exchange “on or about May 26, 2021,” a prospectus said. It will trade under the symbol ZIP.ZipRecruiter itself is not selling shares with the offering and will not receive proceeds from the direct listing. Instead, its shareholders will offer up to 86,598,896 shares of Class A common stock for resale, according to the document.ZipRecruiter will be the third company this year to use a direct listing to go public:Coinbase(ticker: COIN), a cryptocurrency exchange, used the method to list its shares in April on the Nasdaq, after the gaming platform Roblox(RBLX) did so for its March debut on the NYSE. (Squarespace, a website design company,has also filed to go public via a direct listing on the NYSE, but has yet to set a trading date.)Companies mainly use direct listings because they’re cheaper than traditional IPOs and allow shareholders to sell their stock to the public without intermediaries. In a traditional IPO, a company sells shares and uses an investment bank or banks to underwrite the deals. But in a direct listing, a bank or banks typically work as financial advisors for the company going public.ZipRecruiter has lined up six investment banks—Goldman Sachs(GS),JPMorgan Chase(JPM), Barclays Capital,Evercore Group(EVR), William Blair and Raymond James—to advise on the upcoming offering. However, only Goldman and JPMorgan Chase will consult with a designated market maker to set ZipRecruiter’s opening price.Direct listings typically do not include lockups, which prevent shareholders from selling for a certain period of time. ZipRecruiter stockholders, similarly, will be able to selltheir shares as soon as the company lists later this month.In a traditional IPO, a company will have a roadshow where the management team makes presentations to institutional investors to create interest in the stock. Direct listings have replaced the roadshow with the investor day, when investors typically learn about a company going public via a webcast meeting. ZipRecruiter is hosting its investor day on May 10.Founded in 2010, ZipRecruiter is an employment marketplace for people looking for work and businesses seeking employees. More than 2.8 million businesses have used ZipRecruiter to find an employee while 110 million jobseekers have sought employment on the site, the filing said. The company became profitable in 2020, reporting $86 million in income from $6.3 million in losses in 2019. Revenue droppednearly 3% to $418 million in 2020, the prospectus said.ZipRecruiter has raised $219 million in funding, according to Crunchbase. This includes a $156 million round in 2018 co-led by Wellington Management Company and Institutional Venture Partners, or IVP. IVP owns the biggest chunk of ZipRecruiter’s voting power—21.1%.Several shareholders have registered their class A common stock, which they may or may not sell via the direct listing, the prospectus said. IVP has registered about 22.7 million Class A shares, while Wellington is offering roughly 1.9 million shares. ZipRecruiter CEO Ian Siegel has put up 10.5 million Class A shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570063321997588","authorId":"3570063321997588","name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","crmLevel":6,"crmLevelSwitch":0,"idStr":"3570063321997588","authorIdStr":"3570063321997588"},"content":"Comment on my comment","text":"Comment on my comment","html":"Comment on my comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131813062,"gmtCreate":1621844549856,"gmtModify":1704363174002,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Yes! ??","listText":"Yes! ??","text":"Yes! ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/131813062","repostId":"130902887","repostType":1,"isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193733839,"gmtCreate":1620818235221,"gmtModify":1704348843903,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"//<a href=\"https://laohu8.com/U/3568626113017315\">@Sashiimi</a>:Please like and comment for rewards! Nice","listText":"//<a href=\"https://laohu8.com/U/3568626113017315\">@Sashiimi</a>:Please like and comment for rewards! Nice","text":"//@Sashiimi:Please like and comment for rewards! Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193733839","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://ttm.financial/m/news/1141446343?lang=&edition=fundamental","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned</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\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","WM":"美国废物管理","CAT":"卡特彼勒","UPS":"联合包裹","CCI":"冠城","VIR":"Vir Biotechnology, Inc.","AMRS":"阿米瑞斯","BNTX":"BioNTech SE","CNI":"加拿大国家铁路","SDGR":"Schrodinger Inc.","KOF":"可口可乐凡萨瓶装","CVAC":"CureVac B.V.","FDX":"联邦快递","BRK.B":"伯克希尔B","WCLD":"WisdomTree Cloud Computing Fund","WMT":"沃尔玛"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107615985,"gmtCreate":1620479922947,"gmtModify":1704344240762,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Boring weekends&nbsp;","listText":"Boring weekends&nbsp;","text":"Boring weekends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107615985","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102119989,"gmtCreate":1620183461941,"gmtModify":1704339875533,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Hmm bear day?","listText":"Hmm bear day?","text":"Hmm bear day?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102119989","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106221258,"gmtCreate":1620126189774,"gmtModify":1704338981537,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/106221258","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://ttm.financial/m/news/1141446343?lang=&edition=fundamental","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned</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\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","WM":"美国废物管理","CAT":"卡特彼勒","UPS":"联合包裹","CCI":"冠城","VIR":"Vir Biotechnology, Inc.","AMRS":"阿米瑞斯","BNTX":"BioNTech SE","CNI":"加拿大国家铁路","SDGR":"Schrodinger Inc.","KOF":"可口可乐凡萨瓶装","CVAC":"CureVac B.V.","FDX":"联邦快递","BRK.B":"伯克希尔B","WCLD":"WisdomTree Cloud Computing Fund","WMT":"沃尔玛"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108215958,"gmtCreate":1620029772274,"gmtModify":1704337589337,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/108215958","repostId":"1139118247","repostType":4,"repost":{"id":"1139118247","kind":"news","pubTimestamp":1620029533,"share":"https://ttm.financial/m/news/1139118247?lang=&edition=fundamental","pubTime":"2021-05-03 16:12","market":"us","language":"en","title":"Snap: Fundamental Inertia Will Send This Rocket Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1139118247","media":"seekingalpha","summary":"Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say th","content":"<p><b>Summary</b></p>\n<ul>\n <li>SNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.</li>\n <li>SNAP's core monetization engine remains the Discover part of the platform, the least sticky and least optimal part of the platform long-term for advertisers.</li>\n <li>Expect innovation to unlock advertiser dollars at SNAP. SNAP still has monetization avenues to move towards in: Stories, Maps, AR, Spotlight and more.</li>\n <li>On top of all this, user growth is showing absolutely no signs of slowing down, a quite promising trend considering the street has never viewed SNAP as the real reopening play that it is.</li>\n <li>Reiterating Buy rating. PT remains $100.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a249b8cd64d05fa3a8cf33e810ac00d\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Drew Angerer/Getty Images News via Getty Images</span></p>\n<p><b>My Grade of Snap's Q1 Report: A</b></p>\n<p>Something I intend to start doing more frequently during earnings season is grading the quarterly reports of the companies I cover. So, we'll start with Snap (NYSE:SNAP). I gave Snap an<i>\"A\"</i>for their 1Q report. Let's break down the print in more detail.</p>\n<ul>\n <li><i><b>EPS:</b></i>$0.00 actual vs. -$0.06 expected</li>\n <li><i><b>Revenue:</b></i>$770M actual vs. $743.8M expected</li>\n <li><i><b>DAUs:</b></i>280M actual vs. 274.62M expected</li>\n <li><b><i>ARPU:</i></b>$2.74 actual vs. $2.72 expected</li>\n <li><b><i>Q2 Rev. Guide:</i></b>$830M (midpoint) actual vs. $826.99M expected</li>\n</ul>\n<p>These are just the high level numbers, I'll be going more in-depth later on. That said, what a quarter. When Snap reported its 4Q results a few months ago, investors were spooked when their adjusted EBITDA guide came up short of expectations. The company explained their motivations to achieve critical mass of the Spotlight product, which would be quite costly. Fast forward to now, and we see that while Snap did spend big on Spotlight, they were able to still get to breakeven. Talk about underpromising and overdelivering. This beat was likely the most impressive part of Snap's report as it proved that the company could take strides towards investing in themselves while also being fiscally responsible.</p>\n<p>The second best part of this quarter was likely the stunning engagement the platform saw. Snap originally guided ~275 million DAUs for Q1 when they printed their Q4 numbers. This guidance seemed to support the narrative that Snap was witnessing somewhat of a deceleration in user growth as the world economy opened back up. This Q1 report shows quite the opposite trend. Snap added 15 million users sequentially in Q1, versus the 16 million added in Q4. Snap isn't really slowing down on the user addition in spite of the ongoing reopening. All major geographies grew sequentially (North America, Europe, Rest of World) and Android became the predominant Snapchat operating system for the first time in company history.</p>\n<p>Snap's ARPU also beat expectations narrowly as Apple's (NASDAQ:AAPL) IDFA operating system changes were pushed into Q2. While this is a risk (more on that later), it didn't materialize in Q1, which allowed for some upside to slightly depressed expectations.</p>\n<p>And finally, Snap delivered slightly better than expected revenue guidance in Q2. Something to note is that over the last several quarters, Snap appears to have placed deliberately conservative guidance, where they continuously blow out the top-end of their guidance. This trend of underpromising and overdelivering has led to large beats relative to expectations. This is why in spite of the small nature of the beat on Q2 revenue guidance, it's important we look at the top end of the $820-840M revenue guidance as the<i>real</i>bar.</p>\n<p>Overall, Snap just didn't miss a beat this quarter. While it wasn't necessarily a blockbuster quarter, they beat on every single level, with some relatively large beats (EPS and DAU) that drove sentiment coming out of the report. Overall, I'm giving this quarter a grade of an<b>\"A\"</b>.</p>\n<p><b>Conference Call Breakdown</b></p>\n<p>Without further ado, let's dive straight into Snap's Q1 earnings call. To be clear, I'm not going to go over every point, just the points that stuck out to me personally and deemed incredibly relevant to analysis of the business.</p>\n<blockquote>\n <i>We launched Spotlight in India, Mexico, and Brazil during Q1, and are now live in over a dozen countries, reaching more than 125 million monthly active users on Spotlight in March. - Evan Spiegel, CEO</i>\n</blockquote>\n<p>The key takeaway from this remark is simple: Snapchat's high spending levels to build out critical mass have led to ever-increasing levels of engagement on the Spotlight section of the platform. Last quarter, the number was 100 million MAUs. Now in Q1 we're already at 125 million. Spotlight is taking off.</p>\n<blockquote>\n <i>We grew revenue 66 % year-over-year to $770 million, grew daily active users 22% year-over-year to 280 million, and generated $126 million in free cash flow. - Evan Spiegel, CEO</i>\n</blockquote>\n<p>This note is less important, but it highlights how strong Snap has turned around. 66% revenue growth against a normal Q1 comp is downright insane. This would put Snap in the top tier of high valuation/high growth software stocks. In addition, Snap, for the first time in the company's history, generated cash rather than burning it. This shows that Snap can be both a high growth name, and a fiscally responsible company pushing towards profitability. $126 million in FCF definitely doesn't hurt the story here.</p>\n<blockquote>\n <i>More advertisers were active on our platform than ever as our active advertiser base approximately doubled year-over-year in Q1. We have a large opportunity to gain share of the global digital ad market, which is $340 billion and growing. - Jeremi Gorman</i>\n</blockquote>\n<p>Any good software stock (more on this later) needs to have a large addressable market. Management nails that here by mentioning that (a.) they have a massive $340 billion market, and that (b.) they're making inroads on taking share of that market, with advertisers more than<i>doubling</i>y/y.</p>\n<blockquote>\n <i>The fact that these changes are coming later than we anticipated has provided additional time to adopt Apple's SKAdNetwork and begin implementing and testing with our partners. Advertisers that represent a majority of our direct response advertising revenue have successfully implemented SKAdnetwork for their Snap campaigns. - Jeremi Gorman</i>\n</blockquote>\n<p>One of the biggest headline risks to the Snap bull case has been the coming IDFA changes made by Apple that are set to roll out this quarter. Essentially, Apple is tweaking its iOS mobile operating system to allow users to have more control over where the data goes and who collects it. This change is expected to have a negative impact on ad relevance and targeting. Fortunately, Snap seems to be working through any potential headwinds with advertisers right now, prior to the changes occurring. This is calming for me as it assuages any temporary fears I have over IDFA changes being a material headwind to revenue.</p>\n<blockquote>\n <i>As indicated during our recent Investor Day, we are accelerating our investments in sales and sales support beyond North America in 2021 in order to capture our global ARPU opportunity faster in the years ahead. Average eCPM increased 67% year-over-year in Q1. Rising eCPM relative to the prior year is driven by a combination of improved optimization capabilities within our auction, a mix shift toward relatively higher eCPM products such as commercials, as well as a mix shift toward relatively higher eCPM regions such as North America.</i>\n</blockquote>\n<blockquote>\n <i>While our topline has benefited from year-over-year growth in eCPM in recent quarters, the cost per action for our advertising partners declined sequentially for three of our top four goal-based bidding objectives in Q1, as we continue to enhance our optimization capabilities in order to use our inventory more efficiently. Consequently, we believe that we will be able to deliver attractive returns on ad spend to our advertising partners as eCPM grows over the long term.</i>\n</blockquote>\n<blockquote>\n <i>In addition, the ongoing growth of our community and strong engagement in areas of our application that we have not yet begun to monetize, provide significant room to expand our inventory and expand our long-term ARPU opportunity over time. - Derek Andersen</i>\n</blockquote>\n<p>Now this is a long segment from the call but try to bear with me here. If you haven't seen my prior breakdown of Snap, clickherefor my analysis of Snap's Investor Day among other things. The first thing to point out in this comment is North America, the geography that has been driving monetization growth, will merely be the first place Snap gets its feet wet with its go to market strategy. Europe and ROW are next. Once we see North America begin to stall (which we shouldn't see for a while), Snap will be ready to scale internationally. The next thing management points out is that in spite of rising eCPMs that have enabled robust ARPU and overall revenue growth, the internal cost to advertise has actually gotten<i>more</i>efficient for advertisers. Snap's believes this win-win combo will continue long term. In addition, untapped parts of the Snapchat product (think Maps, Communication, and Spotlight) will drive eCPMs higher and expand the company's ARPU long-term.</p>\n<blockquote>\n <i>We continue to make significant progress against our goal of driving down our underlying infrastructure unit costs over time. In Q1, our infrastructure costs per DAU benefited from several factors, with the most significant being efficiency improvements delivered by our engineering teams, including the re-architecture of our messaging platform that we mentioned during our recent Investor Day. In addition, we continued to benefit in Q1 from negotiated rate improvements for several of our cloud services.</i>\n</blockquote>\n<blockquote>\n <i>Lastly, the acceleration in growth of our community has been a modest benefit to infrastructure cost per DAU in recent quarters as new users tend to have lower initial marginal cloud infrastructure costs relative to longer tenured Snapchatters. These factors combined to deliver the lowest infrastructure costs per DAU we have reported as a public company at just $0.62 in Q1, down from $0.69 in the prior quarter and $0.71 in the prior year.</i>\n</blockquote>\n<blockquote>\n <i>On the content side, we continue to invest to support the launch of Spotlight in Q1. And this contributed approximately $90 million to our cost of revenue in the quarter, representing a 12 percentage point headwind to gross margin expansion in the quarter. We are highly encouraged by the early returns from our investments in Spotlight, with this new platform reaching over 125 million monthly active users in March. While it is still very early for this new platform, we are excited about the potential for Spotlight to further expand our monetization opportunity in the future. - Derek Andersen</i>\n</blockquote>\n<p>Again, another long quote so bear with me here. First of all, Snap's gross margin trend is proof that headline numbers are just that. Headline numbers. We have to look under the hood at what Snap is really doing with gross margins. Infrastructure costs, since inception, have been the bread and butter of Snap's gross costs. While gross margin expansion has tailed off recently (because of Spotlight, more on that later), it isn't because users are getting too expensive to onboard or keep on platform. Snap's engineering team has made great progress in lowering internal hosting and infrastructure costs with infrastructure expense per DAU down ~13% Y/Y. Essentially, what this means is Snapchat has gotten very efficient infrastructure spending and this reduction in infrastructure spend has been (and will be) a tailwind for gross margins going forward. Remember how gross margins were only up ~100bps y/y? Well, backing out Spotlight expenses (which will be phased out over time), Snap's gross margins were actually closer to ~60% in Q1. This just goes to show Snap's newfound efficiency in innovating while staying fiscally disciplined. This expenditure has paid off, with 125 million MAUs on Spotlight<i>already</i>and plenty of room for future monetization.</p>\n<blockquote>\n <i>As we look forward to Q2, we estimate that DAU will grow at a rate consistent with the prior quarter, or approximately 22% year-over-year to reach $290 million in Q2. On the monetization side, we are cautiously optimistic that the operating environment will continue to improve. Our guidance range is for revenue of $820 million to $840 million, implying year-over-year revenue growth of approximately 80% to 85% in Q2. This range reflects our best current estimate of the potential impact of anticipated disruptions associated with the iOS platform changes.</i>\n</blockquote>\n<blockquote>\n <i>It is not clear yet what the longer-term impact of the iOS platform changes may be for the top line momentum of our business. And this may not be clear until several months or more after the changes are implemented. Until then, we will remain focused on helping our partners navigate these changes while optimizing return on ad spend across our advertising products and platform.</i>\n</blockquote>\n<blockquote>\n <i>On the expense side in Q2, we intend to continue to invest in the long-term growth of our business, and we'll continue to support the launch of Spotlight with our $1 million per day creator fund in order to build on the momentum we are seeing with this exciting new platform. While we see a path to adjusted EBITDA breakeven in Q2, we are also cognizant that there are a number of cost drivers for our business, including travel and event-related costs that have been lower over the past year due to COVID-related restrictions. It is likely that these activities will begin to resume in the coming months as restrictions ease and that the related costs will begin to return to our cost structure as a result. Given this, our guidance range is for adjusted EBITDA to be between negative $20 million and breakeven for Q2. - Derek Andersen</i>\n</blockquote>\n<p>Okay so here is the guidance. 80-85% revenue growth y/y. Granted this is against a relatively weak Q2 comp. Nevertheless, this level of growth with scaling cost efficiency is downright impressive. Snap anticipates a slight slowdown in net sequential user adds from ~15 million to ~10 million. To be expected heading into easing lockdowns. In addition, in spite of the continued high spending on Spotlight, Snap is guiding very nicely for its EBITDA trajectory. iOS changes remain a short to medium term risk. And while it is a risk, it is also factored into the guide. If this risk doesn't materialize, I would fully expect Snap to take out the top end of its revenue guidance.</p>\n<p>One thing I would like to acknowledge here now that I've gone through my biggest points in the prepared remarks is this: I'm not touching on every single thing in this call. Management gives even more color. </p>\n<blockquote>\n <i>So it was more difficult to kind of perfectly execute this verticalization and specialist in terms of different vertical, measurement specialists or marketing specialists or communication specialists by vertical. But I think what's so exciting about the opportunity is that we now know the playbook. You're seeing it show up in our strong results in North America. And so we are going to replicate it in Europe and the rest of the world and those investments we were talking about to accelerate our growth internationally. - Jeremi Gorman</i>\n</blockquote>\n<p>One of the key drivers of Snap's results when it comes to ARPU growth in the North American geography has been fleshing out an effective sales team. If you paid close attention to the 1Q print, you might have noticed that ARPU was actually negative y/y in the ROW segment. This has caused a bit of concern, though in this case it is likely because ARPU is a mostly output metric in Snap's developing markets. Nevertheless, Snap now knows the gameplan to effectively scaling up the monetization of their platform domestically. They can begin to implement those types of investments internationally and scale monetization there too.</p>\n<blockquote>\n <i>But if you get into the second half, those comps are going to look a little bit more like what we saw in Q1. So obviously, they're a little tougher. We feel good about the results we put up in Q1 on relatively tougher comps. - Derek Andersen</i>\n</blockquote>\n<p>This comment from management relates to a question asked by an analyst on tougher 2H comps. Snap is saying that the back half comps are probably going to look a lot like the Q1 comps. These comps will be a little more difficult than the Q2 comp, since Q2'20 was damaged by Covid's effect on the ad industry. That said, this comment could be insinuating that they are anticipating similar growth in 2H as they saw in Q1.</p>\n<blockquote>\n <i>Right now, what we're really focused on is making the investments in our sales and sales support to build on the momentum. We like what we're seeing on the active advertiser growth. We're liking what we see on the upfront commitments and we're focused on delivering the return on ad spend, investing in our optimization capabilities so that we can deliver return on ad spend for those advertising partners just to continue to build on the momentum we're seeing.</i>\n</blockquote>\n<blockquote>\n <i>Look, while we're excited about the momentum that we're seeing there on the Spotlight side, it's early there. We're really excited about the product and the momentum. In terms of the need to open that up to advertising, I think we continue to be more demand constrained than supply constrained. So, we're going to continue to focus on improving the experience for our Snapchatter community and for creators in the near term, and we've got lots of room to grow the top line in the areas that we're already monetizing today over the near term. Thanks for the question. - Derek Andersen</i>\n</blockquote>\n<p>Again, another long blurb, but let's break it down. Snap is prioritizing making investments in its sales team to continue building up growth in their advertiser count. This strategy of investing in the sales team has been working in terms of bringing new advertisers in and increasing advertiser commitments. Then, turning to Spotlight, we get a little bit of discouraging/bearish commentary. While management loves the engagement they are seeing on the Spotlight section of the platform, investors should expect Snap to play the long game with this one. Spotlight is definitely intriguing, but do not expect near-term boosts in monetization from this part of the platform. Spotlight will take time to bear any real fruit.</p>\n<blockquote>\n <i>We are really focused on helping our advertisers make the transition to the best possible measurement and optimization tools smoothly. The change happened later than we expected, which gave us a lot of time to prepare and SKAdNetwork is one part of that. So, we're really pleased to see that advertisers that represent the majority of our direct response revenue have implemented it so far. But we know that there's a lot of work to be done to transition smoothly. - Derek Andersen</i>\n</blockquote>\n<p>Again, one of Snap's biggest headline risks has been updating their tracking, targeting, and optimization for the IDFA-adjusted era. Snap has had time to work with advertising partners to implement the new tools given to them (by Apple) and work through any air pockets in ad pricing. While we haven't seen these changes come fully into effect yet, meaning there is still an element of uncertainty there, Snap has worked to make the platform advertiser-friendly, and everything seems fine right now.</p>\n<p>Overall it was very hard to not like what Snap had to say this quarter. Everything exceeded expectations, and some IDFA worries were pushed aside, or at least eased. This was a great quarter.</p>\n<p><b>Long-Term Narrative: Numerous Paths To Hypergrowth and Mega Margins</b></p>\n<p>Short-term, the story looks great. But let's look at the long-term narrative. That's what's most important after all.</p>\n<p><img src=\"https://static.tigerbbs.com/e98933ed3469802a0c6304a16b65ef13\" tg-width=\"300\" tg-height=\"168\"></p>\n<p>I've broken down the long-term bull case on Snap many times during my tenure here atSeeking Alpha. I've covered the company publicly and privately since its IPO in March of 2017. I've been long, short, and everything in between. I can tell you with confidence, that the narrative has never looked as strong with Snap fundamentally as it does right now.</p>\n<p>The narrative is years of ~50%+ revenue growth to come, high margins, fiscal responsibility, and eventually, high levels of profitability. Let me break out why this narrative is so plausible, and why the stock, even at today's levels, is enticing.</p>\n<p><b>Looking At Snap Like a Software Stock</b></p>\n<p>In order to better understand the value in Snap, we should look at the business like a SaaS (software as a service) stock. Excluding the last couple of months, SaaS has been one of the biggest outperforming subsectors of the overall tech sector. Software stocks have garnered the highest multiples and frothiest valuations in the world and it can all be boiled down to these points:</p>\n<ul>\n <li>TAM (total addressable market)</li>\n <li>A disruptive and leading product (or go to market strategy)</li>\n <li>Numerous levers for high, sustained growth</li>\n <li>High long-term margin profile</li>\n <li>Rule of 40 (more on that in a bit)</li>\n <li>narrative optionality (bonus points)</li>\n</ul>\n<p>Now, there have been some duds in the software business. That said, the valuations being afforded to software stocks that check these five boxes are among the highest on Wall Street. Just look here.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9530148b6fd7b02248417d014ef4160\" tg-width=\"635\" tg-height=\"589\"><span>Data by YCharts</span></p>\n<p>These are just a few names in a huge basket of highly valued software stocks that trade at nosebleed valuations. Why do investors hand out such high valuations? It's simple. These companies check all the aforementioned boxes. Snap is no different. Where are they trading though?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16bc8a86aa75d65c6ed3df1f17c0f1ea\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>They're trading like a name that is at the middle of this growth pack, not at the front of it. I'm going to make the case for Snap to be at the front of this pack, or at least towards the front. Let's go through the five points (and the sixth bonus) to determine if Snap belongs towards the head, rather than the tail.</p>\n<p>The first point is TAM. TAM is an acronym for total addressable market. Essentially, a business' TAM is its long-term market opportunity. Snap's TAM is massive, and quickly growing at that. Snap's TAM is among the largest out of all the aforementioned \"software\" stocks. Snap&nbsp;estimates&nbsp;that the global digital advertising market did ~$339 billion in business last year, and is expected to scale towards ~$543 billion by 2024. So, not only is Snap operating in a<i>massive</i>market, they're operating in a dynamic market. A market that in and of itself is growing rapidly. Some TAMs are relatively static. Digital advertising is not so. So, Snap checks the first box of having a massive TAM.</p>\n<p>The second point is having a disruptive product. Having a large market is great, but if you can't capture meaningful market share with a great product, then the size of said market is irrelevant. Fortunately for Snap, they have a great product. The product that they are selling, is the attention span and purchasing decisions of the most influential purchasers in the world: Gen Z and Millennials. Snap has a lock on these users. Why? Because through years of R&amp;D spend and product rollout, Snap has built an ecosystem that is worth more than any one of the app's features. If Facebook copies a key part of Snap's ecosystem, it doesn't really matter anymore. Snap has the loyalty of its users now. More importantly however, they have carved out a niche in advertising. From an ad platform sophistication standpoint, Snap is on par with the top ad platforms (see slide 33), and they continue to invest in innovative ad formats, giving advertisers choice. Lenses, Commercials, Stories, Spotlight. These are all products that Snap will begin advertising against, giving advertisers different choices as to how they want to reach this coveted demographic. Snap has built out a differentiating product for advertisers, now they just need to iterate on it to see the fruits of their labors come out at scale. Snap checks this box exceptionally well.</p>\n<p>The third point is having numerous growth levers. If the growth runs \"dry\" so to speak in one part, can Snap quickly transition to juicing growth with another aspect of their business? Yes, they absolutely could. You know, the interesting thing is, Snap's Investor Day commentary of numerous years of 50%+ revenue growth is on their current ad product pipeline. This pipeline is mostly their Commercials product on the Discover page and Stories ads. At least, that seems to be the bread and butter of their ad business. Snap hasn't fully tapped into either of these products fully yet, and yet they are able to drive years of 50%+ revenue growth alone? That's unreal, and considering the fact that Snap also has Snap Map, Spotlight, and AR lens ads/experiences, they have more than enough levers to drive growth higher.</p>\n<p><img src=\"https://static.tigerbbs.com/afdd3c34f19eec6a6919e4c22ca54bfd\" tg-width=\"310\" tg-height=\"163\"></p>\n<p>Fourth is margins. When I talk about long-term margins, I mean both gross margins and operating margins. With gross margins, I can see Snap between 75-90% long-term (5yrs+). Why? The bulk of their long-term COGS will likely come from infrastructure expenses (i.e. hosting and cloud contracts with GCP and AWS). Hosting costs go up not with ad pricing/ARPU, but with engagement. The more a user engages with an app, then theoretically, the more it costs to host, and the more they are charged on their cloud bill. The thing is, if Snap can seriously crank up ARPU, then COGS would fall in line, because COGS doesn't really correlate with ARPU. This could enable incredibly high margins as infrastructure spend stabilizes while ARPU skyrockets. Some may point out Snap's rising content costs when it comes to Spotlight. The important thing to note is, while Snap is investing heavily upfront to develop a critical mass of engagement, once the ball really starts rolling, they can pull back on spend. Why? Because from then on engagement on the Spotlight part of the platform will be organic.</p>\n<p>Now when it comes to operating margins, I expect a premium there as well. Snap will always be a big SG&amp;A spender and R&amp;D spender. Using stock based compensation is a great tool for morale and building the business, especially when it comes to Snap trying to scale its global sales team. This sales team is critical to onboarding new international advertisers and (the holy grail) small business advertisers. Expect SG&amp;A to continue rising over the coming years as Snap expands its attack opportunity. R&amp;D is critical as well. R&amp;D is what spurs innovation, which is what keeps the platform sticky for both users and advertisers. In social media, retention and growth are the key. R&amp;D is necessary to keep both. That being said, I still expect best in class operating margins relative to other social media platforms. Why? Snap lacks content moderation expenses. You see, the thing that has been weighing on the margins of Facebook and Twitter (NYSE:TWTR) in particular has been high expenses relating to moderating content on platform. Snapchat, for the most part, is free of this content. They don't have to worry about the costs associated with building a moderation team or building out content moderation algorithms. This is huge, as the key reason for Facebook's contracting margins has been content moderation. Snap, in lacking these expenses, has an opportunity for even larger margins.</p>\n<p>The fifth point, tying it all together, is the Rule of 40. For seasoned software investors, the Rule of 40 is a key tool in evaluating how much slack to cut a stock valuation-wise. If you don't know what it is, don't worry I'll explain. The Rule of 40 is simple: Take your revenue growth rate and add it to your cash flow margin (or profit margin). If this net number is above 40%, then investors generally tend to turn a blind eye or at least cut the company some slack valuation wise. Let's run a hypothetical example just so we understand better.</p>\n<p>Company A has revenue growth of 25%, and a cash flow margin of 5%. Combined, Company A's rev. growth + cf margin is 30%, which is less than the Rule of 40.</p>\n<p>Let's apply this to Snap's numbers as of Q1. Snap saw revenue growth of 66% Y/Y against a fair comp. Their free cash flow margin in Q1 was ~16%. This means Snap more than<i>doubles</i>the rule, coming in at 82%, putting them in the top echelon of growth software names.</p>\n<p>And finally, the cherry on top, is Snap's optionality. Snap has massive room to expand in the advertising vertical alone, but wait, there's more. On top of the enormous upside of Snap's advertising business, the company has left room for aggressive expansion elsewhere. Whether it be gaming, eCommerce, or augmented reality hardware, Snap has just begun to open doors to more potential markets to juice up long-term growth.</p>\n<p>With all this said, I am fine with paying almost any multiple on this company's stock because of all the things it has going for it.</p>\n<p><b>Valuation</b></p>\n<p>This brings us to my formal valuation of the stock. I value Snap by doing a 2030 buildout of the business, assignment of a fair multiple, and discounting back with WACC (weighted average cost of capital). Let's start with the underlying business assumptions:</p>\n<ul>\n <li>DAUs of ~550M</li>\n <li>ARPU of $55.38/DAU</li>\n <li>Revenue of<b>~$30.457B</b></li>\n <li>Gross Margin of 83.7%</li>\n <li>OpEx of $10.17B</li>\n <li>Tax Rate of 25%</li>\n <li>Share Count (current) of 1.519B</li>\n <li>EPS of<b>$7.57</b></li>\n</ul>\n<p>I have an internal model that I run for the valuation that goes into more depth than just these numbers. That being said, I'm choosing to keep the in-depth model private for now.</p>\n<p>Now, let's choose the multiple. I've been going with a 4% earnings yield, a significant premium to the 10 year bond to reflect the risk-on nature of the asset. Still, 4% EPS yield is a 25x earnings multiple. 25x $7.57 in EPS gets a 2030 exit value of ~$189.17/share.</p>\n<p>Finally, and possibly most importantly, what is the rate at which we discount the 2030 valuation? Interestingly, while the market (growth stocks in particular) has gotten more choppy of late, equity risk premiums have actually trended down. In addition, interest rates, which triggered the drawdown in growth stock valuations have actually been stabilizing lately. All the while, Snap's actual beta has been winding down a bit. I've calculated a discount rate based on a beta of 1.4 (per Infront Analytics) of ~7.5%. So, discounting back by 7.5% per year to YE'2022, we get to a price target of $101.39/share, which I've decided to round down to $100. Therefore, my price target at this time remains $100.</p>\n<p><b>Risks</b></p>\n<p>No stock fully lacks risk. While I believe Snap is a relatively risk-off name, there are some things I want to point out.</p>\n<ul>\n <li>short term valuation remains high</li>\n <li>potential for prolonged IDFA drag</li>\n <li>execution risk</li>\n <li>need to take SMB exposure from the bigger competitors</li>\n</ul>\n<p>The first risk is the most pronounced one. While I believe the valuation is more than warranted where it is, I also acknowledge that at ~16x next year's sales, there isn't much margin for error. If things go awry anywhere in the Snap narrative, the valuation has basically no cushion at this point.</p>\n<p>The next risk is the potential for Apple's iOS changes to have a dragging effect on ARPU over the short to long term. While Snap has done a great job migrating advertisers towards SKAdNetwork, I wouldn't rule anything out yet in terms of ARPU stagnating short-term while advertisers worry about lessened targeting. If IDFA changes do hit Snap's ARPU, then I wouldn't be surprised to see a massive drawdown in the stock, as the valuation (as mentioned earlier) is very high still.</p>\n<p>The third risk is simply execution. Can Snap execute on their vision for years of 50%+ revenue growth? Well, after a few years of solid results in every facet: user growth, monetization, cost controls, etc., I have my faith in management. That being said, if anything goes awry, then take cover.</p>\n<p>And the final risk is an inability to attract SMBs to Snap's advertising platform. Small and medium size businesses are the bread and butter of Facebook's ad revenue. Without high small business exposure, Facebook would not be anywhere close to as big as it is today. Snap has found itself in the difficult position of needing to grab share in these small businesses from Facebook in order to scale revenues. By differentiating their product and giving advertisers access to a coveted demographic, I believe they can take the necessary market share from Facebook to scale into the numbers I model out.</p>\n<p><b>Conclusion</b></p>\n<p>Snap delivered an incredible Q1 report, with great commentary and outlook for Q2 and beyond. The company is a top-tier growth stock with incredible long-term margin potential because of their improving cost structure. The momentum building in Snap's business will eventually be reflected in stock price action. Since it hasn't yet, I continue to rate Snap at Buy with a $100 price target.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap: Fundamental Inertia Will Send This Rocket Higher</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\">\nSnap: Fundamental Inertia Will Send This Rocket Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.\nSNAP's core monetization engine ...</p>\n\n<a href=\"https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1139118247","content_text":"Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.\nSNAP's core monetization engine remains the Discover part of the platform, the least sticky and least optimal part of the platform long-term for advertisers.\nExpect innovation to unlock advertiser dollars at SNAP. SNAP still has monetization avenues to move towards in: Stories, Maps, AR, Spotlight and more.\nOn top of all this, user growth is showing absolutely no signs of slowing down, a quite promising trend considering the street has never viewed SNAP as the real reopening play that it is.\nReiterating Buy rating. PT remains $100.\n\nPhoto by Drew Angerer/Getty Images News via Getty Images\nMy Grade of Snap's Q1 Report: A\nSomething I intend to start doing more frequently during earnings season is grading the quarterly reports of the companies I cover. So, we'll start with Snap (NYSE:SNAP). I gave Snap an\"A\"for their 1Q report. Let's break down the print in more detail.\n\nEPS:$0.00 actual vs. -$0.06 expected\nRevenue:$770M actual vs. $743.8M expected\nDAUs:280M actual vs. 274.62M expected\nARPU:$2.74 actual vs. $2.72 expected\nQ2 Rev. Guide:$830M (midpoint) actual vs. $826.99M expected\n\nThese are just the high level numbers, I'll be going more in-depth later on. That said, what a quarter. When Snap reported its 4Q results a few months ago, investors were spooked when their adjusted EBITDA guide came up short of expectations. The company explained their motivations to achieve critical mass of the Spotlight product, which would be quite costly. Fast forward to now, and we see that while Snap did spend big on Spotlight, they were able to still get to breakeven. Talk about underpromising and overdelivering. This beat was likely the most impressive part of Snap's report as it proved that the company could take strides towards investing in themselves while also being fiscally responsible.\nThe second best part of this quarter was likely the stunning engagement the platform saw. Snap originally guided ~275 million DAUs for Q1 when they printed their Q4 numbers. This guidance seemed to support the narrative that Snap was witnessing somewhat of a deceleration in user growth as the world economy opened back up. This Q1 report shows quite the opposite trend. Snap added 15 million users sequentially in Q1, versus the 16 million added in Q4. Snap isn't really slowing down on the user addition in spite of the ongoing reopening. All major geographies grew sequentially (North America, Europe, Rest of World) and Android became the predominant Snapchat operating system for the first time in company history.\nSnap's ARPU also beat expectations narrowly as Apple's (NASDAQ:AAPL) IDFA operating system changes were pushed into Q2. While this is a risk (more on that later), it didn't materialize in Q1, which allowed for some upside to slightly depressed expectations.\nAnd finally, Snap delivered slightly better than expected revenue guidance in Q2. Something to note is that over the last several quarters, Snap appears to have placed deliberately conservative guidance, where they continuously blow out the top-end of their guidance. This trend of underpromising and overdelivering has led to large beats relative to expectations. This is why in spite of the small nature of the beat on Q2 revenue guidance, it's important we look at the top end of the $820-840M revenue guidance as therealbar.\nOverall, Snap just didn't miss a beat this quarter. While it wasn't necessarily a blockbuster quarter, they beat on every single level, with some relatively large beats (EPS and DAU) that drove sentiment coming out of the report. Overall, I'm giving this quarter a grade of an\"A\".\nConference Call Breakdown\nWithout further ado, let's dive straight into Snap's Q1 earnings call. To be clear, I'm not going to go over every point, just the points that stuck out to me personally and deemed incredibly relevant to analysis of the business.\n\nWe launched Spotlight in India, Mexico, and Brazil during Q1, and are now live in over a dozen countries, reaching more than 125 million monthly active users on Spotlight in March. - Evan Spiegel, CEO\n\nThe key takeaway from this remark is simple: Snapchat's high spending levels to build out critical mass have led to ever-increasing levels of engagement on the Spotlight section of the platform. Last quarter, the number was 100 million MAUs. Now in Q1 we're already at 125 million. Spotlight is taking off.\n\nWe grew revenue 66 % year-over-year to $770 million, grew daily active users 22% year-over-year to 280 million, and generated $126 million in free cash flow. - Evan Spiegel, CEO\n\nThis note is less important, but it highlights how strong Snap has turned around. 66% revenue growth against a normal Q1 comp is downright insane. This would put Snap in the top tier of high valuation/high growth software stocks. In addition, Snap, for the first time in the company's history, generated cash rather than burning it. This shows that Snap can be both a high growth name, and a fiscally responsible company pushing towards profitability. $126 million in FCF definitely doesn't hurt the story here.\n\nMore advertisers were active on our platform than ever as our active advertiser base approximately doubled year-over-year in Q1. We have a large opportunity to gain share of the global digital ad market, which is $340 billion and growing. - Jeremi Gorman\n\nAny good software stock (more on this later) needs to have a large addressable market. Management nails that here by mentioning that (a.) they have a massive $340 billion market, and that (b.) they're making inroads on taking share of that market, with advertisers more thandoublingy/y.\n\nThe fact that these changes are coming later than we anticipated has provided additional time to adopt Apple's SKAdNetwork and begin implementing and testing with our partners. Advertisers that represent a majority of our direct response advertising revenue have successfully implemented SKAdnetwork for their Snap campaigns. - Jeremi Gorman\n\nOne of the biggest headline risks to the Snap bull case has been the coming IDFA changes made by Apple that are set to roll out this quarter. Essentially, Apple is tweaking its iOS mobile operating system to allow users to have more control over where the data goes and who collects it. This change is expected to have a negative impact on ad relevance and targeting. Fortunately, Snap seems to be working through any potential headwinds with advertisers right now, prior to the changes occurring. This is calming for me as it assuages any temporary fears I have over IDFA changes being a material headwind to revenue.\n\nAs indicated during our recent Investor Day, we are accelerating our investments in sales and sales support beyond North America in 2021 in order to capture our global ARPU opportunity faster in the years ahead. Average eCPM increased 67% year-over-year in Q1. Rising eCPM relative to the prior year is driven by a combination of improved optimization capabilities within our auction, a mix shift toward relatively higher eCPM products such as commercials, as well as a mix shift toward relatively higher eCPM regions such as North America.\n\n\nWhile our topline has benefited from year-over-year growth in eCPM in recent quarters, the cost per action for our advertising partners declined sequentially for three of our top four goal-based bidding objectives in Q1, as we continue to enhance our optimization capabilities in order to use our inventory more efficiently. Consequently, we believe that we will be able to deliver attractive returns on ad spend to our advertising partners as eCPM grows over the long term.\n\n\nIn addition, the ongoing growth of our community and strong engagement in areas of our application that we have not yet begun to monetize, provide significant room to expand our inventory and expand our long-term ARPU opportunity over time. - Derek Andersen\n\nNow this is a long segment from the call but try to bear with me here. If you haven't seen my prior breakdown of Snap, clickherefor my analysis of Snap's Investor Day among other things. The first thing to point out in this comment is North America, the geography that has been driving monetization growth, will merely be the first place Snap gets its feet wet with its go to market strategy. Europe and ROW are next. Once we see North America begin to stall (which we shouldn't see for a while), Snap will be ready to scale internationally. The next thing management points out is that in spite of rising eCPMs that have enabled robust ARPU and overall revenue growth, the internal cost to advertise has actually gottenmoreefficient for advertisers. Snap's believes this win-win combo will continue long term. In addition, untapped parts of the Snapchat product (think Maps, Communication, and Spotlight) will drive eCPMs higher and expand the company's ARPU long-term.\n\nWe continue to make significant progress against our goal of driving down our underlying infrastructure unit costs over time. In Q1, our infrastructure costs per DAU benefited from several factors, with the most significant being efficiency improvements delivered by our engineering teams, including the re-architecture of our messaging platform that we mentioned during our recent Investor Day. In addition, we continued to benefit in Q1 from negotiated rate improvements for several of our cloud services.\n\n\nLastly, the acceleration in growth of our community has been a modest benefit to infrastructure cost per DAU in recent quarters as new users tend to have lower initial marginal cloud infrastructure costs relative to longer tenured Snapchatters. These factors combined to deliver the lowest infrastructure costs per DAU we have reported as a public company at just $0.62 in Q1, down from $0.69 in the prior quarter and $0.71 in the prior year.\n\n\nOn the content side, we continue to invest to support the launch of Spotlight in Q1. And this contributed approximately $90 million to our cost of revenue in the quarter, representing a 12 percentage point headwind to gross margin expansion in the quarter. We are highly encouraged by the early returns from our investments in Spotlight, with this new platform reaching over 125 million monthly active users in March. While it is still very early for this new platform, we are excited about the potential for Spotlight to further expand our monetization opportunity in the future. - Derek Andersen\n\nAgain, another long quote so bear with me here. First of all, Snap's gross margin trend is proof that headline numbers are just that. Headline numbers. We have to look under the hood at what Snap is really doing with gross margins. Infrastructure costs, since inception, have been the bread and butter of Snap's gross costs. While gross margin expansion has tailed off recently (because of Spotlight, more on that later), it isn't because users are getting too expensive to onboard or keep on platform. Snap's engineering team has made great progress in lowering internal hosting and infrastructure costs with infrastructure expense per DAU down ~13% Y/Y. Essentially, what this means is Snapchat has gotten very efficient infrastructure spending and this reduction in infrastructure spend has been (and will be) a tailwind for gross margins going forward. Remember how gross margins were only up ~100bps y/y? Well, backing out Spotlight expenses (which will be phased out over time), Snap's gross margins were actually closer to ~60% in Q1. This just goes to show Snap's newfound efficiency in innovating while staying fiscally disciplined. This expenditure has paid off, with 125 million MAUs on Spotlightalreadyand plenty of room for future monetization.\n\nAs we look forward to Q2, we estimate that DAU will grow at a rate consistent with the prior quarter, or approximately 22% year-over-year to reach $290 million in Q2. On the monetization side, we are cautiously optimistic that the operating environment will continue to improve. Our guidance range is for revenue of $820 million to $840 million, implying year-over-year revenue growth of approximately 80% to 85% in Q2. This range reflects our best current estimate of the potential impact of anticipated disruptions associated with the iOS platform changes.\n\n\nIt is not clear yet what the longer-term impact of the iOS platform changes may be for the top line momentum of our business. And this may not be clear until several months or more after the changes are implemented. Until then, we will remain focused on helping our partners navigate these changes while optimizing return on ad spend across our advertising products and platform.\n\n\nOn the expense side in Q2, we intend to continue to invest in the long-term growth of our business, and we'll continue to support the launch of Spotlight with our $1 million per day creator fund in order to build on the momentum we are seeing with this exciting new platform. While we see a path to adjusted EBITDA breakeven in Q2, we are also cognizant that there are a number of cost drivers for our business, including travel and event-related costs that have been lower over the past year due to COVID-related restrictions. It is likely that these activities will begin to resume in the coming months as restrictions ease and that the related costs will begin to return to our cost structure as a result. Given this, our guidance range is for adjusted EBITDA to be between negative $20 million and breakeven for Q2. - Derek Andersen\n\nOkay so here is the guidance. 80-85% revenue growth y/y. Granted this is against a relatively weak Q2 comp. Nevertheless, this level of growth with scaling cost efficiency is downright impressive. Snap anticipates a slight slowdown in net sequential user adds from ~15 million to ~10 million. To be expected heading into easing lockdowns. In addition, in spite of the continued high spending on Spotlight, Snap is guiding very nicely for its EBITDA trajectory. iOS changes remain a short to medium term risk. And while it is a risk, it is also factored into the guide. If this risk doesn't materialize, I would fully expect Snap to take out the top end of its revenue guidance.\nOne thing I would like to acknowledge here now that I've gone through my biggest points in the prepared remarks is this: I'm not touching on every single thing in this call. Management gives even more color. \n\nSo it was more difficult to kind of perfectly execute this verticalization and specialist in terms of different vertical, measurement specialists or marketing specialists or communication specialists by vertical. But I think what's so exciting about the opportunity is that we now know the playbook. You're seeing it show up in our strong results in North America. And so we are going to replicate it in Europe and the rest of the world and those investments we were talking about to accelerate our growth internationally. - Jeremi Gorman\n\nOne of the key drivers of Snap's results when it comes to ARPU growth in the North American geography has been fleshing out an effective sales team. If you paid close attention to the 1Q print, you might have noticed that ARPU was actually negative y/y in the ROW segment. This has caused a bit of concern, though in this case it is likely because ARPU is a mostly output metric in Snap's developing markets. Nevertheless, Snap now knows the gameplan to effectively scaling up the monetization of their platform domestically. They can begin to implement those types of investments internationally and scale monetization there too.\n\nBut if you get into the second half, those comps are going to look a little bit more like what we saw in Q1. So obviously, they're a little tougher. We feel good about the results we put up in Q1 on relatively tougher comps. - Derek Andersen\n\nThis comment from management relates to a question asked by an analyst on tougher 2H comps. Snap is saying that the back half comps are probably going to look a lot like the Q1 comps. These comps will be a little more difficult than the Q2 comp, since Q2'20 was damaged by Covid's effect on the ad industry. That said, this comment could be insinuating that they are anticipating similar growth in 2H as they saw in Q1.\n\nRight now, what we're really focused on is making the investments in our sales and sales support to build on the momentum. We like what we're seeing on the active advertiser growth. We're liking what we see on the upfront commitments and we're focused on delivering the return on ad spend, investing in our optimization capabilities so that we can deliver return on ad spend for those advertising partners just to continue to build on the momentum we're seeing.\n\n\nLook, while we're excited about the momentum that we're seeing there on the Spotlight side, it's early there. We're really excited about the product and the momentum. In terms of the need to open that up to advertising, I think we continue to be more demand constrained than supply constrained. So, we're going to continue to focus on improving the experience for our Snapchatter community and for creators in the near term, and we've got lots of room to grow the top line in the areas that we're already monetizing today over the near term. Thanks for the question. - Derek Andersen\n\nAgain, another long blurb, but let's break it down. Snap is prioritizing making investments in its sales team to continue building up growth in their advertiser count. This strategy of investing in the sales team has been working in terms of bringing new advertisers in and increasing advertiser commitments. Then, turning to Spotlight, we get a little bit of discouraging/bearish commentary. While management loves the engagement they are seeing on the Spotlight section of the platform, investors should expect Snap to play the long game with this one. Spotlight is definitely intriguing, but do not expect near-term boosts in monetization from this part of the platform. Spotlight will take time to bear any real fruit.\n\nWe are really focused on helping our advertisers make the transition to the best possible measurement and optimization tools smoothly. The change happened later than we expected, which gave us a lot of time to prepare and SKAdNetwork is one part of that. So, we're really pleased to see that advertisers that represent the majority of our direct response revenue have implemented it so far. But we know that there's a lot of work to be done to transition smoothly. - Derek Andersen\n\nAgain, one of Snap's biggest headline risks has been updating their tracking, targeting, and optimization for the IDFA-adjusted era. Snap has had time to work with advertising partners to implement the new tools given to them (by Apple) and work through any air pockets in ad pricing. While we haven't seen these changes come fully into effect yet, meaning there is still an element of uncertainty there, Snap has worked to make the platform advertiser-friendly, and everything seems fine right now.\nOverall it was very hard to not like what Snap had to say this quarter. Everything exceeded expectations, and some IDFA worries were pushed aside, or at least eased. This was a great quarter.\nLong-Term Narrative: Numerous Paths To Hypergrowth and Mega Margins\nShort-term, the story looks great. But let's look at the long-term narrative. That's what's most important after all.\n\nI've broken down the long-term bull case on Snap many times during my tenure here atSeeking Alpha. I've covered the company publicly and privately since its IPO in March of 2017. I've been long, short, and everything in between. I can tell you with confidence, that the narrative has never looked as strong with Snap fundamentally as it does right now.\nThe narrative is years of ~50%+ revenue growth to come, high margins, fiscal responsibility, and eventually, high levels of profitability. Let me break out why this narrative is so plausible, and why the stock, even at today's levels, is enticing.\nLooking At Snap Like a Software Stock\nIn order to better understand the value in Snap, we should look at the business like a SaaS (software as a service) stock. Excluding the last couple of months, SaaS has been one of the biggest outperforming subsectors of the overall tech sector. Software stocks have garnered the highest multiples and frothiest valuations in the world and it can all be boiled down to these points:\n\nTAM (total addressable market)\nA disruptive and leading product (or go to market strategy)\nNumerous levers for high, sustained growth\nHigh long-term margin profile\nRule of 40 (more on that in a bit)\nnarrative optionality (bonus points)\n\nNow, there have been some duds in the software business. That said, the valuations being afforded to software stocks that check these five boxes are among the highest on Wall Street. Just look here.\nData by YCharts\nThese are just a few names in a huge basket of highly valued software stocks that trade at nosebleed valuations. Why do investors hand out such high valuations? It's simple. These companies check all the aforementioned boxes. Snap is no different. Where are they trading though?\nData by YCharts\nThey're trading like a name that is at the middle of this growth pack, not at the front of it. I'm going to make the case for Snap to be at the front of this pack, or at least towards the front. Let's go through the five points (and the sixth bonus) to determine if Snap belongs towards the head, rather than the tail.\nThe first point is TAM. TAM is an acronym for total addressable market. Essentially, a business' TAM is its long-term market opportunity. Snap's TAM is massive, and quickly growing at that. Snap's TAM is among the largest out of all the aforementioned \"software\" stocks. Snap estimates that the global digital advertising market did ~$339 billion in business last year, and is expected to scale towards ~$543 billion by 2024. So, not only is Snap operating in amassivemarket, they're operating in a dynamic market. A market that in and of itself is growing rapidly. Some TAMs are relatively static. Digital advertising is not so. So, Snap checks the first box of having a massive TAM.\nThe second point is having a disruptive product. Having a large market is great, but if you can't capture meaningful market share with a great product, then the size of said market is irrelevant. Fortunately for Snap, they have a great product. The product that they are selling, is the attention span and purchasing decisions of the most influential purchasers in the world: Gen Z and Millennials. Snap has a lock on these users. Why? Because through years of R&D spend and product rollout, Snap has built an ecosystem that is worth more than any one of the app's features. If Facebook copies a key part of Snap's ecosystem, it doesn't really matter anymore. Snap has the loyalty of its users now. More importantly however, they have carved out a niche in advertising. From an ad platform sophistication standpoint, Snap is on par with the top ad platforms (see slide 33), and they continue to invest in innovative ad formats, giving advertisers choice. Lenses, Commercials, Stories, Spotlight. These are all products that Snap will begin advertising against, giving advertisers different choices as to how they want to reach this coveted demographic. Snap has built out a differentiating product for advertisers, now they just need to iterate on it to see the fruits of their labors come out at scale. Snap checks this box exceptionally well.\nThe third point is having numerous growth levers. If the growth runs \"dry\" so to speak in one part, can Snap quickly transition to juicing growth with another aspect of their business? Yes, they absolutely could. You know, the interesting thing is, Snap's Investor Day commentary of numerous years of 50%+ revenue growth is on their current ad product pipeline. This pipeline is mostly their Commercials product on the Discover page and Stories ads. At least, that seems to be the bread and butter of their ad business. Snap hasn't fully tapped into either of these products fully yet, and yet they are able to drive years of 50%+ revenue growth alone? That's unreal, and considering the fact that Snap also has Snap Map, Spotlight, and AR lens ads/experiences, they have more than enough levers to drive growth higher.\n\nFourth is margins. When I talk about long-term margins, I mean both gross margins and operating margins. With gross margins, I can see Snap between 75-90% long-term (5yrs+). Why? The bulk of their long-term COGS will likely come from infrastructure expenses (i.e. hosting and cloud contracts with GCP and AWS). Hosting costs go up not with ad pricing/ARPU, but with engagement. The more a user engages with an app, then theoretically, the more it costs to host, and the more they are charged on their cloud bill. The thing is, if Snap can seriously crank up ARPU, then COGS would fall in line, because COGS doesn't really correlate with ARPU. This could enable incredibly high margins as infrastructure spend stabilizes while ARPU skyrockets. Some may point out Snap's rising content costs when it comes to Spotlight. The important thing to note is, while Snap is investing heavily upfront to develop a critical mass of engagement, once the ball really starts rolling, they can pull back on spend. Why? Because from then on engagement on the Spotlight part of the platform will be organic.\nNow when it comes to operating margins, I expect a premium there as well. Snap will always be a big SG&A spender and R&D spender. Using stock based compensation is a great tool for morale and building the business, especially when it comes to Snap trying to scale its global sales team. This sales team is critical to onboarding new international advertisers and (the holy grail) small business advertisers. Expect SG&A to continue rising over the coming years as Snap expands its attack opportunity. R&D is critical as well. R&D is what spurs innovation, which is what keeps the platform sticky for both users and advertisers. In social media, retention and growth are the key. R&D is necessary to keep both. That being said, I still expect best in class operating margins relative to other social media platforms. Why? Snap lacks content moderation expenses. You see, the thing that has been weighing on the margins of Facebook and Twitter (NYSE:TWTR) in particular has been high expenses relating to moderating content on platform. Snapchat, for the most part, is free of this content. They don't have to worry about the costs associated with building a moderation team or building out content moderation algorithms. This is huge, as the key reason for Facebook's contracting margins has been content moderation. Snap, in lacking these expenses, has an opportunity for even larger margins.\nThe fifth point, tying it all together, is the Rule of 40. For seasoned software investors, the Rule of 40 is a key tool in evaluating how much slack to cut a stock valuation-wise. If you don't know what it is, don't worry I'll explain. The Rule of 40 is simple: Take your revenue growth rate and add it to your cash flow margin (or profit margin). If this net number is above 40%, then investors generally tend to turn a blind eye or at least cut the company some slack valuation wise. Let's run a hypothetical example just so we understand better.\nCompany A has revenue growth of 25%, and a cash flow margin of 5%. Combined, Company A's rev. growth + cf margin is 30%, which is less than the Rule of 40.\nLet's apply this to Snap's numbers as of Q1. Snap saw revenue growth of 66% Y/Y against a fair comp. Their free cash flow margin in Q1 was ~16%. This means Snap more thandoublesthe rule, coming in at 82%, putting them in the top echelon of growth software names.\nAnd finally, the cherry on top, is Snap's optionality. Snap has massive room to expand in the advertising vertical alone, but wait, there's more. On top of the enormous upside of Snap's advertising business, the company has left room for aggressive expansion elsewhere. Whether it be gaming, eCommerce, or augmented reality hardware, Snap has just begun to open doors to more potential markets to juice up long-term growth.\nWith all this said, I am fine with paying almost any multiple on this company's stock because of all the things it has going for it.\nValuation\nThis brings us to my formal valuation of the stock. I value Snap by doing a 2030 buildout of the business, assignment of a fair multiple, and discounting back with WACC (weighted average cost of capital). Let's start with the underlying business assumptions:\n\nDAUs of ~550M\nARPU of $55.38/DAU\nRevenue of~$30.457B\nGross Margin of 83.7%\nOpEx of $10.17B\nTax Rate of 25%\nShare Count (current) of 1.519B\nEPS of$7.57\n\nI have an internal model that I run for the valuation that goes into more depth than just these numbers. That being said, I'm choosing to keep the in-depth model private for now.\nNow, let's choose the multiple. I've been going with a 4% earnings yield, a significant premium to the 10 year bond to reflect the risk-on nature of the asset. Still, 4% EPS yield is a 25x earnings multiple. 25x $7.57 in EPS gets a 2030 exit value of ~$189.17/share.\nFinally, and possibly most importantly, what is the rate at which we discount the 2030 valuation? Interestingly, while the market (growth stocks in particular) has gotten more choppy of late, equity risk premiums have actually trended down. In addition, interest rates, which triggered the drawdown in growth stock valuations have actually been stabilizing lately. All the while, Snap's actual beta has been winding down a bit. I've calculated a discount rate based on a beta of 1.4 (per Infront Analytics) of ~7.5%. So, discounting back by 7.5% per year to YE'2022, we get to a price target of $101.39/share, which I've decided to round down to $100. Therefore, my price target at this time remains $100.\nRisks\nNo stock fully lacks risk. While I believe Snap is a relatively risk-off name, there are some things I want to point out.\n\nshort term valuation remains high\npotential for prolonged IDFA drag\nexecution risk\nneed to take SMB exposure from the bigger competitors\n\nThe first risk is the most pronounced one. While I believe the valuation is more than warranted where it is, I also acknowledge that at ~16x next year's sales, there isn't much margin for error. If things go awry anywhere in the Snap narrative, the valuation has basically no cushion at this point.\nThe next risk is the potential for Apple's iOS changes to have a dragging effect on ARPU over the short to long term. While Snap has done a great job migrating advertisers towards SKAdNetwork, I wouldn't rule anything out yet in terms of ARPU stagnating short-term while advertisers worry about lessened targeting. If IDFA changes do hit Snap's ARPU, then I wouldn't be surprised to see a massive drawdown in the stock, as the valuation (as mentioned earlier) is very high still.\nThe third risk is simply execution. Can Snap execute on their vision for years of 50%+ revenue growth? Well, after a few years of solid results in every facet: user growth, monetization, cost controls, etc., I have my faith in management. That being said, if anything goes awry, then take cover.\nAnd the final risk is an inability to attract SMBs to Snap's advertising platform. Small and medium size businesses are the bread and butter of Facebook's ad revenue. Without high small business exposure, Facebook would not be anywhere close to as big as it is today. Snap has found itself in the difficult position of needing to grab share in these small businesses from Facebook in order to scale revenues. By differentiating their product and giving advertisers access to a coveted demographic, I believe they can take the necessary market share from Facebook to scale into the numbers I model out.\nConclusion\nSnap delivered an incredible Q1 report, with great commentary and outlook for Q2 and beyond. The company is a top-tier growth stock with incredible long-term margin potential because of their improving cost structure. The momentum building in Snap's business will eventually be reflected in stock price action. Since it hasn't yet, I continue to rate Snap at Buy with a $100 price target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101767895,"gmtCreate":1619945542417,"gmtModify":1704336681201,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/101767895","repostId":"1138497242","repostType":4,"repost":{"id":"1138497242","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":1619794882,"share":"https://ttm.financial/m/news/1138497242?lang=&edition=fundamental","pubTime":"2021-04-30 23:01","market":"us","language":"en","title":"Twitter may struggle to replicate bumper 2020 growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1138497242","media":"Reuters","summary":"Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil ","content":"<p>Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.</p><p>The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.</p><p>Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.</p><p>“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.</p><p>Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.</p><p>“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.</p><p>A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.</p><p>However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.</p><p>At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.</p><p>Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data. </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>Twitter may struggle to replicate bumper 2020 growth</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\">\nTwitter may struggle to replicate bumper 2020 growth\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\">2021-04-30 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.</p><p>The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.</p><p>Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.</p><p>“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.</p><p>Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.</p><p>“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.</p><p>A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.</p><p>However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.</p><p>At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.</p><p>Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data. </p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138497242","content_text":"Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101927183,"gmtCreate":1619838686042,"gmtModify":1704335604597,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/101927183","repostId":"1142063705","repostType":4,"repost":{"id":"1142063705","kind":"news","pubTimestamp":1619796118,"share":"https://ttm.financial/m/news/1142063705?lang=&edition=fundamental","pubTime":"2021-04-30 23:21","market":"us","language":"en","title":"Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142063705","media":"CNBC","summary":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t t","content":"<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.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>Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.</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\">\nEurope's antitrust crackdown on Apple hints at what's coming for the company in the U.S.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1142063705","content_text":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.\nBut when the EU competition policy chief Margrethe Vestagerannounced Friday a preliminary findingthatApplehas abused its dominant power in the distribution of streaming music apps, the U.S. finally seems poised to move in a similar direction.\n“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t think they should have to pay anything for that,” by choosing to object to its 15-30% commission on in-app payments for streaming apps.\nApple isn’t currently facing any antitrust charges from government officials in the U.S. and such a lawsuit may never materialize, though the Department of Justice wasreportedly granted oversight of the company’s competitive practices in 2019. But even if the government declines to press charges, recent actions in Congress, state legislatures and in private lawsuits demonstrate a significant shift in the American public’s sentiment toward Apple and the tech industry at large.\nWhen the commissionslapped its first record competition fineagainstGooglein 2017, it wasn’t yet clear that the U.S. might be ready to move on from its once-cozy relationship with its booming tech industry. But in 2018, on the heels of the revelations of howFacebookuser data was used by analytics company Cambridge Analytica during the 2016 election, and increasing questions about how tech platforms can impact American democracy, that seemed to change.\nNow, as Europe continues to move forward with its probe into Apple, the U.S. no longer seems to be so far behind.\nHere’s where Apple stands to face risk of antitrust action or regulation in the U.S.:\nDOJ\nThe DOJ has already moved forward with a massive lawsuit against Google, so it could take some time if it decides to ramp up a probe into Apple. Though the DOJ’s Antitrust Division took on oversight authority of Apple in a 2019 agreement with the FTC, according to aWall Street Journal report, the Google investigation has seemed to take priority.\nStill, then-Attorney General Bill Barr announced later that year that the DOJ wouldconduct a broad antitrust review of Big Tech companies.\nAny action from the DOJ or state enforcers would take the form of a settlement or lawsuit, which would put Apple’s fate in the hands of the courts.\nPrivate lawsuits\nApple’s most immediate challenge in the U.S. has come from private companies bringing antitrust charges against its business in court.\nThe most notable of these lawsuits isfrom Fortnite-maker Epic Games, which is set to begin its trial on Monday. Epic filed its lawsuit with a PR blitz afterchallenging Apple’s in-app payment feeby advertising in its app an alternative, cheaper way to buy character outfits from Epic directly, violating Apple’s rules. That prompted Apple to remove Fortnite from its App Store. Epic filed the suit shortly after and Applefiled counterclaimsagainst Epic for allegedly breaching its contract.\n“Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple said in a filing with the District Court for the Northern District of California in September.\nCongress\nJust last week,several app-makers testified before the Senate Judiciary subcommittee on antitrust about the alleged anti-competitive harms they’ve facedfrom restrictions on both Apple and Google’s app stores.\nRepresentatives from Apple and Google told lawmakers they simply charge for the technology and the work they put into running the app stores, which have significantly lowered distribution costs for app developers over the years.\nBut witnesses from Tinder-ownerMatch Group, item-tracking device-maker Tile and Spotify painted a different picture.\n“We’re all afraid,” Match Group chief legal officer Jared Sine testified of the platforms’ broad power over their businesses.\nThe witnesses discussed the seemingly arbitrary nature by which Apple allegedly enforces its App Store rules. Spotify’s legal chief claimed Apple has threatened retaliation on numerous occasions and Tile’s top lawyer said Apple denied access to a key feature that wouldimprove their object-tracking product, before utilizing it for Apple’s own rival gadget,called AirTag.\nTile said that while Apple now makes the feature available for third-party developers to incorporate, accessing it would mean handing over a significant amount of data and control to Apple. Apple’s representative said its product is different from Tile’s and opening the feature in question will encourage further competition in the space.\nSenators at the hearing seemed receptive to the app developers’ complaints, which build on earlier claims made before House lawmakers. The House Judiciary subcommittee on antitrust found in a more than year-long probe thatAmazon, Apple, Facebook and Googleall hold monopoly power, and lawmakers are currently crafting bills to enable stronger antitrust enforcement of digital markets.\nState Legislatures\nSeveral state legislatures have beenconsidering bills that would require platforms like Apple and Google to allow app-makers to use their own payment processing systems. While the bills have so far hadvarying degrees of successin the early stages of lawmaking, passage in one state could raise a host of questions about how it should be enforced given the ambiguous nature of digital borders.\nThe bills have been supported by the Coalition for App Fairness, a group of companies that have complained about app store fees, including Epic Games, Match Group and Spotify.\nApple has often argued that it maintains features like payments within its own ecosystem in order to protect consumers and secure their data, though app developers and lawmakers have expressed skepticism about that reasoning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103229393,"gmtCreate":1619788989012,"gmtModify":1704272378597,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/103229393","repostId":"1178555518","repostType":4,"repost":{"id":"1178555518","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619784516,"share":"https://ttm.financial/m/news/1178555518?lang=&edition=fundamental","pubTime":"2021-04-30 20:08","market":"us","language":"en","title":"Toplines Before US Market Open on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1178555518","media":"Tiger Newspress","summary":"U.S. stock futures continue to fall,Dow Futures contract was down 148 points, or 0.44%,S&P 500 Futur","content":"<p>U.S. stock futures continue to fall,Dow Futures&nbsp;contract was down 148 points, or 0.44%,S&amp;P 500 Futures&nbsp;traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures&nbsp;dropped 86.25 points, or 0.62%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d131c142fbae1f496dfcc2b367d20502\" tg-width=\"1242\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&amp;P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.</p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p>Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.</p><p>Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.</p><p>Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.</p><p>Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.</p><p>Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.</p><p>Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.</p><p>Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.</p><p>Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.</p><p>Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.</p><p>Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.</p><p>Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.</p><p>Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Friday  </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Friday  \n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 20:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stock futures continue to fall,Dow Futures&nbsp;contract was down 148 points, or 0.44%,S&amp;P 500 Futures&nbsp;traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures&nbsp;dropped 86.25 points, or 0.62%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d131c142fbae1f496dfcc2b367d20502\" tg-width=\"1242\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&amp;P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.</p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p>Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.</p><p>Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.</p><p>Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.</p><p>Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.</p><p>Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.</p><p>Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.</p><p>Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.</p><p>Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.</p><p>Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.</p><p>Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.</p><p>Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.</p><p>Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178555518","content_text":"U.S. stock futures continue to fall,Dow Futures contract was down 148 points, or 0.44%,S&P 500 Futures traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures dropped 86.25 points, or 0.62%.*Source From Tiger Trade, EST 08:05The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.Take a look at some of the biggest movers in the premarket:Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109511648,"gmtCreate":1619704609584,"gmtModify":1704728333330,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/109511648","repostId":"1142514248","repostType":4,"repost":{"id":"1142514248","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619703451,"share":"https://ttm.financial/m/news/1142514248?lang=&edition=fundamental","pubTime":"2021-04-29 21:37","market":"us","language":"en","title":"U.S. cruise stocks rose across the board","url":"https://stock-news.laohu8.com/highlight/detail?id=1142514248","media":"Tiger Newspress","summary":"U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mi","content":"<p>U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.</p><p>Carnival Corp&nbsp;gained 4.6%, while Royal Caribbean&nbsp;rose 4.8%and Norwegian Cruise Line&nbsp;jumped 6.6%.</p><p><img src=\"https://static.tigerbbs.com/2392c6467f6840b9466558d03fbcff61\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p></p><p>Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.</p><p>Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the&nbsp;CDC's Framework for Conditional Sailing Order, according to aUSA&nbsp;Today report,which cites a letter from the CDC to cruise lines.</p><p>\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"&nbsp;&nbsp;CDC spokesperson Caitlin Shockey told USA Today.</p><p>Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.</p><p>\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"</p><p>Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"</p><p>Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. cruise stocks rose across the board</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\">\nU.S. cruise stocks rose across the board\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-29 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.</p><p>Carnival Corp&nbsp;gained 4.6%, while Royal Caribbean&nbsp;rose 4.8%and Norwegian Cruise Line&nbsp;jumped 6.6%.</p><p><img src=\"https://static.tigerbbs.com/2392c6467f6840b9466558d03fbcff61\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p></p><p>Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.</p><p>Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the&nbsp;CDC's Framework for Conditional Sailing Order, according to aUSA&nbsp;Today report,which cites a letter from the CDC to cruise lines.</p><p>\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"&nbsp;&nbsp;CDC spokesperson Caitlin Shockey told USA Today.</p><p>Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.</p><p>\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"</p><p>Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"</p><p>Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NCLH":"挪威邮轮","CCL":"嘉年华邮轮","RCL":"皇家加勒比邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142514248","content_text":"U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.Carnival Corp gained 4.6%, while Royal Caribbean rose 4.8%and Norwegian Cruise Line jumped 6.6%.Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the CDC's Framework for Conditional Sailing Order, according to aUSA Today report,which cites a letter from the CDC to cruise lines.\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"  CDC spokesperson Caitlin Shockey told USA Today.Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":149398093,"gmtCreate":1625704062312,"gmtModify":1703746646451,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Boomz&nbsp;","listText":"Boomz&nbsp;","text":"Boomz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":409,"repostSize":1,"link":"https://ttm.financial/post/149398093","repostId":"1124277162","repostType":4,"repost":{"id":"1124277162","kind":"news","pubTimestamp":1625670345,"share":"https://ttm.financial/m/news/1124277162?lang=&edition=fundamental","pubTime":"2021-07-07 23:05","market":"us","language":"en","title":"Dow, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes","url":"https://stock-news.laohu8.com/highlight/detail?id=1124277162","media":"seekingalpha","summary":"U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower","content":"<ul>\n <li>U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed meeting are released.</li>\n <li>The S&amp;P 500 edgesdown 0.1%, the Nasdaqfalls 0.3%, and the Dowslips 0.2%, weighed down by Goldman Sachs (-1.7%) and United Health (-0.5%).</li>\n <li>The 10-year Treasury yield slips 1.30% for the first time since February.</li>\n <li>\"The bond marketisn't waitingfor the Fed, yields are plunging again today,\" Matt Miskin, co-chief investment strategist at John Hancock Investment Management, told Bloomberg.</li>\n <li>Crude oil&nbsp;drops 2.3%&nbsp;to $71.66 per barrel; as a result the energy sector dips (XLE-2.4%). Exxon falls 2.5% and Schlumberger -2.9%.</li>\n <li>Consumer Staples (XLP+0.8%) and Utilities (XLU+0.5%) become the strongest performers in the session, as Energy and Financials (XLF-0.5%) are the weakest.</li>\n <li>Meanwhile, the dollar climbs, with the U.S. Dollar Index&nbsp;gaining 0.3%&nbsp;to 92.82.</li>\n</ul>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dow, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes</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, Nasdaq, and S&P 500 slip from highs into the red ahead of FOMC minutes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-07 23:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed ...</p>\n\n<a href=\"https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/news/3713332-dow-nasdaq-and-sp-500-slip-from-highs-into-the-red-ahead-of-fomc-minutes","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1124277162","content_text":"U.S. equities ease off of record highs and turn red in mid-morning trading as bond prices push lower on concern that the inflation trade may stumble in the hours before the notes from the last Fed meeting are released.\nThe S&P 500 edgesdown 0.1%, the Nasdaqfalls 0.3%, and the Dowslips 0.2%, weighed down by Goldman Sachs (-1.7%) and United Health (-0.5%).\nThe 10-year Treasury yield slips 1.30% for the first time since February.\n\"The bond marketisn't waitingfor the Fed, yields are plunging again today,\" Matt Miskin, co-chief investment strategist at John Hancock Investment Management, told Bloomberg.\nCrude oil drops 2.3% to $71.66 per barrel; as a result the energy sector dips (XLE-2.4%). Exxon falls 2.5% and Schlumberger -2.9%.\nConsumer Staples (XLP+0.8%) and Utilities (XLU+0.5%) become the strongest performers in the session, as Energy and Financials (XLF-0.5%) are the weakest.\nMeanwhile, the dollar climbs, with the U.S. Dollar Index gaining 0.3% to 92.82.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"content":"Boring weekends","text":"Boring weekends","html":"Boring weekends"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169875407,"gmtCreate":1623830779309,"gmtModify":1703820752248,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":32,"repostSize":0,"link":"https://ttm.financial/post/169875407","repostId":"1105892749","repostType":4,"repost":{"id":"1105892749","kind":"news","pubTimestamp":1623809672,"share":"https://ttm.financial/m/news/1105892749?lang=&edition=fundamental","pubTime":"2021-06-16 10:14","market":"us","language":"en","title":"Tesla Bulls Look for Stock Catalysts. They Found Three.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105892749","media":"Barrons","summary":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bu","content":"<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.</p>\n<p>Tesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.</p>\n<p>That performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst&nbsp;Adam Jonas&nbsp;in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a&nbsp;highly concentrated&nbsp;time frame,” he writes.</p>\n<p>Tesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the&nbsp;S&amp;P 500.</p>\n<p>“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.</p>\n<p>Jonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.</p>\n<p>Canaccord analyst&nbsp;Jonathan Dorsheimer&nbsp;is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.</p>\n<p>Dorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his&nbsp;price target&nbsp;to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.</p>\n<p>Looking a little further back, Goldman Sachs analyst&nbsp;Mark Delaney&nbsp;was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.</p>\n<p>Delaney rates shares Buy and has an $860 price target.</p>\n<p>New production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.</p>\n<p>Tesla stock was down 3%&nbsp;to $599.36&nbsp;on&nbsp;Tuesday, and down slightly for the week.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Bulls Look for Stock Catalysts. They Found Three.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Bulls Look for Stock Catalysts. They Found Three.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-bulls-look-for-stock-catalysts-they-found-three-51623774479?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105892749","content_text":"Weak performance from Tesla stock has bullish analysts feeling disappointed these days. They are looking for catalysts to break shares out of their recent funk.\nTesla stock (ticker: TSLA) is down about 15% year to date and off about 50% from its January 52-week high of $900.40. Tesla has ceded leadership—from a stock perspective—back to traditional auto makers: General Motors (GM) and Ford Motor (F) shares are up 45% and 70% year to date, respectively.\nThat performance is flummoxing Tesla bulls. “Let’s begin with a healthy dose of intellectual honesty on the starting point for the stock,” writes Morgan Stanley analyst Adam Jonas in a Monday evening report. He is a Tesla bull rating shares Buy. His price target for the stock is $900 a share, almost 50% higher than recent levels. “Even bulls should admit that the rise in the stock price during the second half of 2020, while perhaps deserved in principle, was packed into a highly concentrated time frame,” he writes.\nTesla shares rose 227% in the second half of 2020, buoyed by strong earnings, strong deliveries, and the stock’s inclusion in the S&P 500.\n“The stock had the better part of five years-worth of performance packed into about five month,” Jonas adds. He says his clients are now looking for the next big thing that can drive the stock forward again. His ideas include capacity expansion in Texas and Germany. After that, he predicts Tesla will open up five more plants between now and the middle of this decade.\nJonas is also looking for Tesla to unveil another new vehicle model. By his estimation, Tesla covers only about 15% of the total addressable market for the auto industry with its Y, X, 3, and S models. Model expansion will be a positive. That isn’t on the near-term horizon, though the company is due to deliver its Cybertruck later in 2021.\nCanaccord analyst Jonathan Dorsheimer is looking in a different area for a catalyst: residential solar power. Part of the reason he is bullish is that “Tesla is creating an energy brand and an Apple-esque ecosystem of products with customer focused connectivity, seamlessly marrying car, solar, and back-up power,” he wrote in a report released Sunday.\nDorsheimer is bullish, but feeling a little down lately. He still rates the stock Buy, but he cut his price target to $812 from $974 in his report. Among other things, he is disappointed by battery delays. Tesla is planning to use larger battery cells that promise better range, charge time, and costs. Those batteries aren’t available yet.\nLooking a little further back, Goldman Sachs analyst Mark Delaney was watching Tesla’s Model S Plaid delivery event last week. The Plaid can go zero to 60 miles per hour in less than two seconds. Delaney was impressed by the technology, but pointed out the Plaid, at roughly $130,000, is a niche vehicle. He is looking for 2021 deliveries to exceed expectations. Delaney is modeling 875,000 vehicles for Tesla in 2021. The Wall Street consensus number is closer to 825,000.\nDelaney rates shares Buy and has an $860 price target.\nNew production ramping up, strong deliveries, and a growing solar business is what these three will watch for in coming months. If all goes well, those catalysts should be enough to drive Tesla stock higher, as long as there is no bad news in the meantime.\nTesla stock was down 3% to $599.36 on Tuesday, and down slightly for the week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":777,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"content":"Gme to the moon!","text":"Gme to the moon!","html":"Gme to the moon!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101767895,"gmtCreate":1619945542417,"gmtModify":1704336681201,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/101767895","repostId":"1138497242","repostType":4,"repost":{"id":"1138497242","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":1619794882,"share":"https://ttm.financial/m/news/1138497242?lang=&edition=fundamental","pubTime":"2021-04-30 23:01","market":"us","language":"en","title":"Twitter may struggle to replicate bumper 2020 growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1138497242","media":"Reuters","summary":"Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil ","content":"<p>Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.</p><p>The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.</p><p>Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.</p><p>“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.</p><p>Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.</p><p>“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.</p><p>A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.</p><p>However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.</p><p>At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.</p><p>Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data. </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>Twitter may struggle to replicate bumper 2020 growth</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\">\nTwitter may struggle to replicate bumper 2020 growth\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\">2021-04-30 23:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.</p><p>The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.</p><p>Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.</p><p>“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.</p><p>Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.</p><p>“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.</p><p>A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.</p><p>However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.</p><p>At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.</p><p>Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data. </p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138497242","content_text":"Twitter Inc will struggle to replicate a bumper 2020 dominated by the U.S. political battles, civil unrest and the COVID-19 crisis as people venture out following vaccine rollouts, Wall Street analysts said on Friday.The lifting of restrictions as people get vaccinated has largely seen benefiting other digital ad firms such as Facebook Inc and Alphabet Inc’s Google whose stocks soared after reporting blockbuster results this week.Not so with Twitter. Shares sank more than 12% on Friday after the social media company reported first-quarter revenue and user numbers mostly in line with analyst estimates and warned the current quarter could be its worse as it eyed a weaker 2021.“The company’s weak future guidance suggests that repeating this performance will be extremely difficult,” said Haris Anwar, senior analyst at Investing.com, adding that more people will look to engage in offline activities as the vaccine rollouts pick up.Although other tech companies have warned of a drop in users this year, they are still upbeat on ad spending as marketers try to target consumers eager to spend and travel after being locked indoors for over a year.“Twitter doesn’t seem well positioned to actually capture the most dynamic part of the digital advertising economy as they lack both sufficient scale of users and the first party data signals that attract performance based marketers,” said Michael Nathanson, senior research analyst at MoffetNathanson LLC.A vow to focus on new products and features by Twitter did little to allay investor concerns on Friday.However, some analysts found the company’s current-quarter revenue forecast conservative as they expect newer app features and return of live events to boost user engagement and monetization in coming months.At least eight brokerages cut their price targets on Twitter after the company forecast tepid revenue growth for the second quarter.Of the 40 analysts covering the stock, 29 have a “hold” or lower rating and the rest have a “buy” or higher rating. The current median price target on the stock is $70, as per Refinitiv data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":346,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":119830866,"gmtCreate":1622534589855,"gmtModify":1704185772317,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Long weekend is over!!","listText":"Long weekend is over!!","text":"Long weekend is over!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":2,"link":"https://ttm.financial/post/119830866","isVote":1,"tweetType":1,"viewCount":1010,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":106221258,"gmtCreate":1620126189774,"gmtModify":1704338981537,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/106221258","repostId":"1141446343","repostType":4,"repost":{"id":"1141446343","kind":"news","pubTimestamp":1620108260,"share":"https://ttm.financial/m/news/1141446343?lang=&edition=fundamental","pubTime":"2021-05-04 14:04","market":"us","language":"en","title":"Bill and Melinda Gates are getting divorced. Here are some stocks they owned","url":"https://stock-news.laohu8.com/highlight/detail?id=1141446343","media":"seeking alpha","summary":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoftfounder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway, Waste Management, Caterpillar, Canadian National, Walmart, EcoLab, Crown Castle, ","content":"<ul><li>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.</li><li>In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).</li><li><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).</li><li>Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.</li><li>The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and <a href=\"https://laohu8.com/S/BCEL\">Atreca</a>(NASDAQ:BCEL).</li><li>Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago.&nbsp;This is how their wealth ended upsplit between them.</li></ul>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bill and Melinda Gates are getting divorced. Here are some stocks they owned</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\">\nBill and Melinda Gates are getting divorced. Here are some stocks they owned\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-04 14:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his ...</p>\n\n<a href=\"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","WM":"美国废物管理","CAT":"卡特彼勒","UPS":"联合包裹","CCI":"冠城","VIR":"Vir Biotechnology, Inc.","AMRS":"阿米瑞斯","BNTX":"BioNTech SE","CNI":"加拿大国家铁路","SDGR":"Schrodinger Inc.","KOF":"可口可乐凡萨瓶装","CVAC":"CureVac B.V.","FDX":"联邦快递","BRK.B":"伯克希尔B","WCLD":"WisdomTree Cloud Computing Fund","WMT":"沃尔玛"},"source_url":"https://seekingalpha.com/news/3689813-bill-and-melinda-gates-are-getting-divorced-here-are-some-stocks-they-owned","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141446343","content_text":"Though the pairin a statement assuredthe public that they will continue to work together at their foundation despiteending their marriage, the news about the Microsoft(NASDAQ:MSFT)founder and his partner of 27 years may send shockwaves across their projects.In the latest13F filingfrom the Bill and Melinda Gates Foundation Trust for the period ended 12/31/20, top holdings by value in descending order included Berkshire Hathaway(NYSE:BRK.B), Waste Management(NYSE:WM), Caterpillar(NYSE:CAT), Canadian National(NYSE:CNI), Walmart(NYSE:WMT), EcoLab(NYSE:ECL), Crown Castle(NYSE:CCI), Fedex(NYSE:FDX)and UPS(NYSE:UPS).Two stocks in which the foundation has a large stake (more than 10% of shares outstanding) included Schrodinger(NASDAQ:SDGR)and Coca-Cola Femsa(NYSE:KOF).Most of the other holdings were below $1 billion in market value and their ownership consisted of less than 3% of shares outstanding in the associated stock.The Bill and Melinda Gates Foundation, in their latestquarterly filing, disclosed ownership stakes in Amyris(NASDAQ:AMRS), Vir Biotech(NASDAQ:VIR), BionTech(NASDAQ:BNTX), Curevac(NASDAQ:CVAC)and Atreca(NASDAQ:BCEL).Our readers may recall when the world's richest person, Jeff Bezos, and his partner Mackenzie Scottcalled it quits two years ago. This is how their wealth ended upsplit between them.","news_type":1},"isVote":1,"tweetType":1,"viewCount":153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375842405,"gmtCreate":1619327276507,"gmtModify":1704722511395,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/375842405","repostId":"1184404050","repostType":4,"repost":{"id":"1184404050","kind":"news","pubTimestamp":1619319329,"share":"https://ttm.financial/m/news/1184404050?lang=&edition=fundamental","pubTime":"2021-04-25 10:55","market":"us","language":"en","title":"What to watch in the markets this week","url":"https://stock-news.laohu8.com/highlight/detail?id=1184404050","media":"CNBC","summary":"The last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Federal Reserve meeting, and new spending and tax proposals from the White House.Big Tech is a highlight of the earnings calendar, with Apple, Microsoft, Amazon, Facebook and Alphabet all releasing results.The Fed is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.There is some key data including first-quarter gross domestic product a","content":"<div>\n<p>KEY POINTSThe last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Federal Reserve meeting, and new spending and tax proposals from the White House....</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/taxes-and-inflation-will-be-key-themes-for-markets-in-the-week-ahead.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to watch in the markets this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat to watch in the markets this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 10:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/23/taxes-and-inflation-will-be-key-themes-for-markets-in-the-week-ahead.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Federal Reserve meeting, and new spending and tax proposals from the White House....</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/taxes-and-inflation-will-be-key-themes-for-markets-in-the-week-ahead.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","GOOG":"谷歌",".DJI":"道琼斯","TSLA":"特斯拉",".IXIC":"NASDAQ Composite","GOOGL":"谷歌A","AAPL":"苹果",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/04/23/taxes-and-inflation-will-be-key-themes-for-markets-in-the-week-ahead.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1184404050","content_text":"KEY POINTSThe last week of April will be extremely busy for markets with a third of the S&P 500 reporting earnings, a Federal Reserve meeting, and new spending and tax proposals from the White House.Big Tech is a highlight of the earnings calendar, with Apple, Microsoft, Amazon, Facebook and Alphabet all releasing results.The Fed is not expected to take any action, but economists expect it to defend its policy to let inflation run hot.There is some key data including first-quarter gross domestic product and the Fed’s favorite inflation measure: the personal consumption expenditures deflator.The final week of April is going to be a busy one for markets with a Federal Reserve meeting and a deluge of earnings news.Hot topics in markets will continue to be inflation and taxes.President Joe Biden is expected to detail his “American Families Plan” and the tax increases to pay for it, including a much higher capital gains tax for the wealthy.The plan is the second part of his Build Back Better agenda and will include new spending proposals aimed at helping families. The president addresses a joint session of Congress Wednesday evening.It’s a huge week for earnings with about a third of the S&P 500 reporting, including Big Tech names, such as Apple,Microsoft,Alphabet and Amazon.As many have already done, firms like Boeing, Ford,Caterpillar and McDonald’s, are likely to detail cost pressures they are facing from rising materials and transportation costs and supply chain disruptions.At the same time, the Fed is expected to defend its policy of letting inflation run hot, while assuring markets it sees the pick-up in prices as only temporary. The central bank meets on Tuesday and Wednesday.The central bank takes the main stage“I think the Fed would like not to be a feature next week, but the Fed will be forced from the background because of concerns about inflation,” said Diane Swonk, chief economist at Grant Thornton.The central bank is not expected to make any policy moves, but Fed Chairman Jerome Powell’s press briefing following the meeting Wednesday will be closely watched.So far, the barrage of earnings news has been positive, with 86% of companies reporting earnings beats. Corporate profits are expected to be up about 33.9% for the first quarter, based on estimates and actual reports, according to Refinitiv. Revenues are about 9.9% higher.There is important inflation data Friday when the Fed’s preferred inflation gauge is reported.The personal consumption expenditure report is expected to show a 1.8% rise in core inflation, still below the Fed’s target of 2%. Other data releases include the first-quarter gross domestic product on Thursday, which is expected to have grown by 6.5%, according to Dow Jones.“I think the Fed has no urgency to shift monetary policy at this point,” said Ian Lyngen, head of U.S. rates strategy at BMO. “The Fed needs to acknowledge that the data is improving. We had a strong first quarter.”“The Fed needs to acknowledge that but at the same time they’re keeping extremely accommodative policy in place, so they’ll have to make a note to the fact that the easy policy is warranted,” he said.Lyngen said the Fed will likely point to continued concerns about the pandemic globally as a potential risk to the economic recovery.Powell is also expected to once more explain that the Fed will let inflation rise above its 2% target for a period of time before it raises rates so that the economy can have more time to heal. “It’s going to be a challenge for the Fed,” said Swonk.The base effects for the next several months will make inflation appear to have jumped sharply because of the comparison to a weak period last year. The consumer price index for April could be above 3%, compared to 2.6% last month, Swonk added.“The Fed is trying to let a lot more people get out onto the dance floor before it calls ‘last call,’” she said. “Really what Powell has been saying since day one is if we take care of people on the margins and bring them back into the labor force, the rest will take care of itself.”Stocks were slightly lower in the past week, and Treasury yields held at lower levels. The 10-year yield,which moves opposite price, was at 1.55% Friday.The S&P 500was down 0.1%, ending the week at 4,180, while Nasdaq Composite was down nearly 0.3% at 14,016. The Dow was off just shy of 0.5% at 34,043.Tax hike prospectsStocks were hit hard on Thursday when after a news report said that Biden is expected to propose a capital gains tax rate of 39.6% for people earning more than $1 million a year.Combined with the 3.8% net investment income tax, the new levy would more than double the long term capital gains rate of 20% or the richest Americans.Strategists said Biden is expected to propose raising the income tax rate for those earning more than $400,000.“I think a lot of people are starting to price in the risk there going to be a significant increase in both corporate and capital gains taxes,” said Lyngen.So far, companies have not provided much in the way of commentary on the proposed hike in corporate taxes to 28% from 21% but they have been talking about other costs.David Bianco, chief investment strategist for the Americas at DWS, said he expects larger companies will do better dealing with supply chain constraints than smaller ones. Big Tech is also likely to fare better during the semiconductor shortage than auto makers, which have already announced production shutdowns, he said.“Next week is tech week. I think we’re going to get down on our knees and just be in awe of their business models and their ability to grow at a behemoth scale,” Bianco said.He said he’s not in favor of Wall Street’s popular trade into cyclicals and out of growth. He still favors growth.“We’re overweight equities really because we’re concerned about rising interest rates,” Bianco said. “I’m not bullish in that I expect the market to rise that much from here.”“We stuck with growth and dug deeper into bond substitutes, utilities, staples, real estate,” he said, adding he is underweight industrials, energy and materials. “Energy is doomed. It’s being nationalized via regulation. I do like industrials, they are well-run companies, but I do think infrastructure spending expectations for classic infrastructure are too high.”He also said industrials are good businesses, but the stocks have become overvalued.Bianco said he likes big box stores, but smaller retailers are facing big challenges that were already impacting them prior to Covid. He also finds small biotech firms attractive.“I like healthcare stocks. Those valuations are reasonable. People have been paranoid about politicians beating on them since 1992. They manage through it and lately they’ve been delivering,” he said.Week ahead calendarMondayEarnings:Tesla,Canadian National Railway, Canon,Check Point Software,Otis Worldwide, Vale,Ameriprise,NXP Semiconductor,Albertsons, Royal Phillips8:30 a.m. Durable goodsTuesdayFOMC begins two day meetingEarnings:Microsoft,Alphabet,Visa,Amgen,Advanced Micro Devices,3M,General Electric,Eli Lilly, Hasbro,United Parcel Service,BP,Novartis,JetBlue,Pultegroup,Archer Daniels Midland,Waste Management,Starbucks,Texas Instrument,Chubb,Mondelez,FireEye,Corning,Raytheon9:00 a.m. S&P/Case-Shiller9:00 a.m. FHFA home prices10:00 a.m. Consumer confidence10:00 a.m. Housing vacanciesWednesdayEarnings:Apple, Boeing,Facebook,Qualcomm,Ford,MGM Resorts,Humana,Norfolk Southern,General Dynamics,Boston Scientific, eBay, Samsung Electronics, GlaxoSmithKline,Yum Brands, SiriusXM, Aflac,Cheesecake Factory,Community Health System,CIT Group,Entergy,CME Group,Hess,Ryder System8:30 a.m. Advance economic indicators2:00 p.m. Fed statement2:30 p.m. Fed Chairman Jerome Powell briefingThursdayEarnings:Amazon,Caterpillar,McDonald’s,Twitter,Bristol-Myers Squibb,Comcast,Merck,Northrop Grumman, Airbus,Kraft Heinz,Intercontinental Exchange,Mastercard,Gilead Sciences,U.S. Steel, Cirrus Logic,Texas Roadhouse, Cabot Oil, PG&E,Royal Dutch Shell,Church & Dwight, Carlyle Group,Southern Co.8:30 a.m. Initial jobless claims8:30 a.m. Real GDP Q110:00 a.m. Pending home salesFridayEarnings:ExxonMobil,Chevron,Colgate-Palmolive,AstraZeneca,Clorox,Barclays, AbbVie, BNP Paribas,Weyerhaeuser,Illinois Tool Works, CBOE Global Markets, Lazard,Newell Brands,Aon,LyondellBasell,Pitney Bowes,Phillips 66,Charter Communications8:30 a.m. Personal income and spending8:30 a.m. Employment cost index Q19:45 a.m. Chicago PMI10:00 a.m. Consumer sentimentSaturdayEarnings:Berkshire Hathaway","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":378690731,"gmtCreate":1619019822023,"gmtModify":1704718467800,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/378690731","repostId":"2129877423","repostType":4,"repost":{"id":"2129877423","kind":"highlight","pubTimestamp":1619018940,"share":"https://ttm.financial/m/news/2129877423?lang=&edition=fundamental","pubTime":"2021-04-21 23:29","market":"us","language":"en","title":"Could QuantumScape Be a Millionaire-Maker Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2129877423","media":"Motley Fool","summary":"What may and may not work for this developer of next-generation battery technology.","content":"<p><b>QuantumScape</b> (NYSE:QS) stock is 73% off its high price of more than $131 in December last year. The stock is even trading at a level lower than its opening price on listing. As a company in an emerging technology, the volatility in QuantumScape stock isn't too striking. The key question is, after falling so much, is the stock a buy now? And can it generate multibagger returns over time? Let's take a closer look at what may and may not work for QuantumScape.</p><h2>What may work</h2><p>First and foremost, QuantumScape's biggest attraction is its promising technology. The company claims to have achieved major breakthroughs in next-generation battery technology. Right now, electric vehicles use lithium-ion batteries. Though they're a major improvement over their predecessor -- nickel-cadmium batteries -- lithium-ion batteries have their own limitations.</p><p>To begin with, their energy density -- the amount of energy produced per kilogram or per liter volume -- is low. This makes them bulkier. As increasing weight beyond a level adversely affects a vehicle's performance, electric vehicles right now have limited range and need frequent recharging.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F621976%2Fyoung-woman-charging-electric-car.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>QuantumScape uses solid-state battery technology and has developed lithium-metal batteries that have higher energy density. Additionally, they can be charged faster and could cost less than lithium-ion batteries. If successful, this technology could be a game-changer in the EV space.</p><p>The second thing that favors QuantumScape is the backing of a list of notable people. Apart from an experienced management team, the company has the likes of Bill Gates and <b>Volkswagen</b> (OTC:VWAGY) as its investors. It also boasts several notable board members, including some from the auto industry. The company has spent more than a decade in researching this battery technology and looks committed to its purpose.</p><p>Finally, QuantumScape will have a near-confirmed buyer in Volkswagen should it start commercial production of batteries. Volkswagen plans to build more than 25 million electric vehicles by 2030. Volkswagen has committed funding of $300 million to QuantumScape. Furthermore, it has formed a joint venture with QuantumScape for commercial production of batteries. Notably, this partnership does not require QuantumScape to supply exclusively to Volkswagen, and the company can potentially sell to other automakers.</p><h2>What may not work</h2><p>There are several factors that may affect QuantumScape's plans. First and foremost, it does not have a commercially viable product right now. The company's battery technology so far has only been sample tested in labs. There remain many unknowns between now and when the company thinks it can have a product ready for use at a commercial scale.</p><p>For example, QuantumScape uses a proprietary separator in its lithium-metal batteries. It expects engineering challenges as it increases the dimensions and volumes of this solid-state separator. Likewise, to achieve the required energy density, single-layer cells need to be stacked in multi-layer format. The company hasn't yet built multi-layer cells of dimensions required for electric vehicles and does not yet have the manufacturing processes to develop such cells in high volumes.</p><p>Further, the company hasn't yet finalized the composition of cathode material to be used in its solid-state batteries and whether it meets electric vehicle requirements or not. In short, QuantumScape's solid-state technology could fail to produce the desired results, or it may end up costing higher than the company is hoping.</p><p>The second factor that may work against QuantumScape is fierce competition. QuantumScape is not the only company trying to commercialize solid-state technology. <b>Toyota</b> (NYSE:TM), for example, plans to produce vehicles running on solid-state batteries by 2025. It hopes to launch a prototype as early as this year itself. Along with <b>Panasonic</b> partnership, Toyota is believed to be backed by the Japanese government. Toyota already has more than 1,000 patents related to solid-state battery technology.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F621976%2Fhand-turns-a-dice-and-changes-the-word-no-to-yes.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"327\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>Top suppliers of lithium-ion batteries are also researching solid-state technology. Finally, there are several development-stage companies working on the next-generation battery technology, like EnergyX and Amprius.</p><p>QuantumScape has more than 200 patents and patent applications relating to its battery technology. That does seem to be higher than most competitors apart from Toyota. With the backing of Volkswagen, QuantumScape thus looks well-positioned to take competition head-on.</p><p>Another potential issue is that of patent infringements. Though better-protected in the U.S., patent rights could be difficult and expensive to protect in several other countries. On the other hand, QuantumScape's competitors may hold some patents that may interfere in the production process, resulting in lawsuits on it. That, again, could make it difficult for QuantumScape to carry on its operations.</p><p>The final thing that works against QuantumScape is the long time before it could become profitable. The company expects to generate positive EBITDA in 2027.  Many things can go against it in the meantime, the biggest being a competitor bringing the technology to market before QuantumScape.</p><h2>Conclusion</h2><p>In addition to the above-noted positives, it is also worth noting that QuantumScape doesn't expect to need additional funding until it starts commercial production. That means less potential dilution for existing shareholders. Based on its forecasted EBITDA of $1.6 billion in 2028, the stock's valuation seems reasonable after its more than 70% fall.</p><p>Can QuantumScape fail to achieve what it is hoping? Of course, it can. But the company seems to be making an honest effort in a promising segment. And it seems to have a lead and an edge. Still, competition is fierce and there remain many unknowns between lab testing to commercial production and real-world operation. But I think there are more pluses than minuses here. For that reason, QuantumScape has a fair chance of becoming a millionaire-maker stock.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Could QuantumScape Be a Millionaire-Maker Stock?</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\">\nCould QuantumScape Be a Millionaire-Maker Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/21/could-quantumscape-be-a-millionaire-maker-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>QuantumScape (NYSE:QS) stock is 73% off its high price of more than $131 in December last year. The stock is even trading at a level lower than its opening price on listing. As a company in an ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/21/could-quantumscape-be-a-millionaire-maker-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TM":"丰田汽车","03160":"华夏日股对冲"},"source_url":"https://www.fool.com/investing/2021/04/21/could-quantumscape-be-a-millionaire-maker-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129877423","content_text":"QuantumScape (NYSE:QS) stock is 73% off its high price of more than $131 in December last year. The stock is even trading at a level lower than its opening price on listing. As a company in an emerging technology, the volatility in QuantumScape stock isn't too striking. The key question is, after falling so much, is the stock a buy now? And can it generate multibagger returns over time? Let's take a closer look at what may and may not work for QuantumScape.What may workFirst and foremost, QuantumScape's biggest attraction is its promising technology. The company claims to have achieved major breakthroughs in next-generation battery technology. Right now, electric vehicles use lithium-ion batteries. Though they're a major improvement over their predecessor -- nickel-cadmium batteries -- lithium-ion batteries have their own limitations.To begin with, their energy density -- the amount of energy produced per kilogram or per liter volume -- is low. This makes them bulkier. As increasing weight beyond a level adversely affects a vehicle's performance, electric vehicles right now have limited range and need frequent recharging.Image source: Getty Images.QuantumScape uses solid-state battery technology and has developed lithium-metal batteries that have higher energy density. Additionally, they can be charged faster and could cost less than lithium-ion batteries. If successful, this technology could be a game-changer in the EV space.The second thing that favors QuantumScape is the backing of a list of notable people. Apart from an experienced management team, the company has the likes of Bill Gates and Volkswagen (OTC:VWAGY) as its investors. It also boasts several notable board members, including some from the auto industry. The company has spent more than a decade in researching this battery technology and looks committed to its purpose.Finally, QuantumScape will have a near-confirmed buyer in Volkswagen should it start commercial production of batteries. Volkswagen plans to build more than 25 million electric vehicles by 2030. Volkswagen has committed funding of $300 million to QuantumScape. Furthermore, it has formed a joint venture with QuantumScape for commercial production of batteries. Notably, this partnership does not require QuantumScape to supply exclusively to Volkswagen, and the company can potentially sell to other automakers.What may not workThere are several factors that may affect QuantumScape's plans. First and foremost, it does not have a commercially viable product right now. The company's battery technology so far has only been sample tested in labs. There remain many unknowns between now and when the company thinks it can have a product ready for use at a commercial scale.For example, QuantumScape uses a proprietary separator in its lithium-metal batteries. It expects engineering challenges as it increases the dimensions and volumes of this solid-state separator. Likewise, to achieve the required energy density, single-layer cells need to be stacked in multi-layer format. The company hasn't yet built multi-layer cells of dimensions required for electric vehicles and does not yet have the manufacturing processes to develop such cells in high volumes.Further, the company hasn't yet finalized the composition of cathode material to be used in its solid-state batteries and whether it meets electric vehicle requirements or not. In short, QuantumScape's solid-state technology could fail to produce the desired results, or it may end up costing higher than the company is hoping.The second factor that may work against QuantumScape is fierce competition. QuantumScape is not the only company trying to commercialize solid-state technology. Toyota (NYSE:TM), for example, plans to produce vehicles running on solid-state batteries by 2025. It hopes to launch a prototype as early as this year itself. Along with Panasonic partnership, Toyota is believed to be backed by the Japanese government. Toyota already has more than 1,000 patents related to solid-state battery technology.Image source: Getty Images.Top suppliers of lithium-ion batteries are also researching solid-state technology. Finally, there are several development-stage companies working on the next-generation battery technology, like EnergyX and Amprius.QuantumScape has more than 200 patents and patent applications relating to its battery technology. That does seem to be higher than most competitors apart from Toyota. With the backing of Volkswagen, QuantumScape thus looks well-positioned to take competition head-on.Another potential issue is that of patent infringements. Though better-protected in the U.S., patent rights could be difficult and expensive to protect in several other countries. On the other hand, QuantumScape's competitors may hold some patents that may interfere in the production process, resulting in lawsuits on it. That, again, could make it difficult for QuantumScape to carry on its operations.The final thing that works against QuantumScape is the long time before it could become profitable. The company expects to generate positive EBITDA in 2027.  Many things can go against it in the meantime, the biggest being a competitor bringing the technology to market before QuantumScape.ConclusionIn addition to the above-noted positives, it is also worth noting that QuantumScape doesn't expect to need additional funding until it starts commercial production. That means less potential dilution for existing shareholders. Based on its forecasted EBITDA of $1.6 billion in 2028, the stock's valuation seems reasonable after its more than 70% fall.Can QuantumScape fail to achieve what it is hoping? Of course, it can. But the company seems to be making an honest effort in a promising segment. And it seems to have a lead and an edge. Still, competition is fierce and there remain many unknowns between lab testing to commercial production and real-world operation. But I think there are more pluses than minuses here. For that reason, QuantumScape has a fair chance of becoming a millionaire-maker stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103229393,"gmtCreate":1619788989012,"gmtModify":1704272378597,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/103229393","repostId":"1178555518","repostType":4,"repost":{"id":"1178555518","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619784516,"share":"https://ttm.financial/m/news/1178555518?lang=&edition=fundamental","pubTime":"2021-04-30 20:08","market":"us","language":"en","title":"Toplines Before US Market Open on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1178555518","media":"Tiger Newspress","summary":"U.S. stock futures continue to fall,Dow Futures contract was down 148 points, or 0.44%,S&P 500 Futur","content":"<p>U.S. stock futures continue to fall,Dow Futures&nbsp;contract was down 148 points, or 0.44%,S&amp;P 500 Futures&nbsp;traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures&nbsp;dropped 86.25 points, or 0.62%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d131c142fbae1f496dfcc2b367d20502\" tg-width=\"1242\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&amp;P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.</p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p>Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.</p><p>Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.</p><p>Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.</p><p>Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.</p><p>Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.</p><p>Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.</p><p>Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.</p><p>Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.</p><p>Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.</p><p>Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.</p><p>Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.</p><p>Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Friday  </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Friday  \n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-30 20:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stock futures continue to fall,Dow Futures&nbsp;contract was down 148 points, or 0.44%,S&amp;P 500 Futures&nbsp;traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures&nbsp;dropped 86.25 points, or 0.62%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d131c142fbae1f496dfcc2b367d20502\" tg-width=\"1242\" tg-height=\"385\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p>The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&amp;P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.</p><p><b><i>Take a look at some of the biggest movers in the premarket:</i></b></p><p>Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.</p><p>Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.</p><p>Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.</p><p>Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.</p><p>Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.</p><p>Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.</p><p>Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.</p><p>Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.</p><p>Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.</p><p>Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.</p><p>Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.</p><p>Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178555518","content_text":"U.S. stock futures continue to fall,Dow Futures contract was down 148 points, or 0.44%,S&P 500 Futures traded 21.25 points, or 0.51%, lower, andNasdaq 100 Futures dropped 86.25 points, or 0.62%.*Source From Tiger Trade, EST 08:05The main indices closed higher Thursday, with theDow Jones Industrial Averageending up 0.7%, theS&P 500gaining just under 0.7% to finish at a new closing high, and the tech-heavyNasdaq Compositeup just over 0.2%.Take a look at some of the biggest movers in the premarket:Twitter(TWTR) – Twitter shares plunged 12.4% in premarket trading after it warned of rising expenses and a possible slowdown in user growth. Twitter beat estimates for its latest quarter by 2 cents a share, with earnings of 16 cents per share. Revenue was also slightly above estimates.Skyworks Solutions(SWKS) – Skyworks beat estimates by 2 cents a share, with quarterly earnings of $2.37 per share. The maker of semiconductor components also saw its revenue beat forecasts. The company’s shares tumbled 7.9% in premarket trading, however, after it gave an outlook that disappointed some investors.Western Digital(WDC) – Western Digital reported quarterly profit of $1.02 per share, compared to a consensus estimate of 68 cents a share. The disk drive and flash memory company's revenue also exceeded Street forecasts, with stronger memory chip prices among the positive factors for the quarter. Shares jumped 4.7% in premarket action.Chevron(CVX) – Chevron matched forecasts with quarterly profit of 90 cents per share, with revenue above Street forecasts. Chevron's profit fell 29% from a year ago, with weaker refining margins among the factors offsetting higher oil and gas prices. Its shares lost 2.2% in premarket trading.Exxon Mobil(XOM) – Exxon reported quarterly earnings of 65 cents per share, 6 cents a share above estimates. Revenue came in above forecasts as well. Exxon said it lowered cash operating expenses compared to a year ago and expects to deliver additional cost savings.Clorox(CLX) – The cleaning products maker’s shares skidded 4.1% in premarket trading after the company cut its full-year forecast due to higher commodity and freight costs. Clorox beat estimates for its latest quarter by 14 cents a share, with profit of $1.62 per share. Revenue was below analysts’ forecasts.Newell Brands(NWL) – Newell shares rose 2.9% in the premarket after beating estimates on both the top and bottom lines for its latest quarter and raising its full-year forecast. The company behind consumer product brands like Sunbeam, Rubbermaid and Sharpie said it saw strong sales growth across all its business units.Restaurant Brands(QSR) – The restaurant operator beat estimates by 5 cents a share, with quarterly earnings of 55 cents per share. Revenue came in slightly above estimates. Comparable sales were better than expected at Tim Hortons and Popeyes, and matched forecasts at Burger King. Shares added 1.1% in premarket action.Colgate-Palmolive(CL) – Shares of the household products maker gained 1.5% in the premarket as its top and bottom lines came in slightly above Street forecasts for its most recent quarter. The company registered 6% sales growth despite difficult comparisons to a year ago, when consumers were stocking up as the pandemic took hold.Amazon.com(AMZN) – Amazon reported record profit for the fourth straight quarter, with earnings of $15.79 per share swamping the consensus estimate of $9.54 a share. Revenue also exceeded forecasts, with Amazon showing strength in all its business lines. It also said it does not expect the pandemic-induced boom in online shopping to fade once the crisis recedes. Amazon gained 2.4% in the premarket.Gilead Sciences(GILD) – Gilead fell a penny a share short of analyst forecasts, with quarterly earnings of $2.08 per share. The drugmaker’s revenue missed estimates as well. Gilead was impacted by weaker sales for its HIV and hepatitis C drugs, although it did benefit from sales of its remdesivir Covid-19 treatment. The stock fell 2.7% in premarket trading.Texas Roadhouse(TXRH) – Texas Roadhouse gained 3% in the premarket after the restaurant chain beat estimates on the top and bottom lines for its latest quarter. The company also announced it would resume paying a dividend in June.","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100266504,"gmtCreate":1619617632408,"gmtModify":1704726873820,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/100266504","repostId":"1131068131","repostType":4,"repost":{"id":"1131068131","kind":"news","pubTimestamp":1619586637,"share":"https://ttm.financial/m/news/1131068131?lang=&edition=fundamental","pubTime":"2021-04-28 13:10","market":"us","language":"en","title":"Facebook Reports Earnings Wednesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1131068131","media":"Barrons","summary":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, ","content":"<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.</p>\n<p>As demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.</p>\n<p>Including sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.</p>\n<p>Facebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.</p>\n<p>Beyond advertising, BMO Capital Markets analyst Daniel Salmon&nbsp;wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.</p>\n<p>In March, Facebook chief executive Mark Zuckerberg&nbsp;said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.</p>\n<p>Investors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.</p>\n<p>On Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.</p>\n<p>Zuckerberg and&nbsp;Apple&nbsp;(APPL) CEO Tim Cook&nbsp;have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.</p>\n<p>BofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”</p>\n<p>Facebook finance chief David Wehner&nbsp;has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.</p>\n<p>Of the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.</p>\n<p>Barron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&amp;P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Facebook Reports Earnings Wednesday. Here Is What to Expect.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFacebook Reports Earnings Wednesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs ...</p>\n\n<a href=\"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131068131","content_text":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.\nIncluding sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.\nFacebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.\nBeyond advertising, BMO Capital Markets analyst Daniel Salmon wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.\nIn March, Facebook chief executive Mark Zuckerberg said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.\nInvestors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.\nOn Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.\nZuckerberg and Apple (APPL) CEO Tim Cook have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.\nBofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”\nFacebook finance chief David Wehner has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.\nOf the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.\nBarron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":370347876,"gmtCreate":1618557477095,"gmtModify":1704712695112,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/370347876","repostId":"1153076451","repostType":4,"repost":{"id":"1153076451","kind":"news","pubTimestamp":1618556863,"share":"https://ttm.financial/m/news/1153076451?lang=&edition=fundamental","pubTime":"2021-04-16 15:07","market":"us","language":"en","title":"Options Prices Imply A Bearish Outlook For Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1153076451","media":"seekingalpha","summary":"Summary\n\nTSLA's valuation is sensitive to assumptions about earnings growth, as well as interest rat","content":"<p><b>Summary</b></p>\n<ul>\n <li>TSLA's valuation is sensitive to assumptions about earnings growth, as well as interest rates.</li>\n <li>There is enormous dispersion in the Wall Street analysts' price targets due to this sensitivity.</li>\n <li>The Wall Street analyst consensus is that the stock is overpriced.</li>\n <li>The market-implied outlook (derived from options prices) gives probabilities tilted to price declines to early 2022.</li>\n <li>My overall rating is bearish.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc756d1b948ebdb3dc4733f45bfde46c\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by jetcityimage/iStock Editorial via Getty Images</span></p>\n<p>Tesla(NASDAQ:TSLA)has a trailing twelve-month P/E of 1,226 (Source: eTrade) and a forward P/E of 180 (Source: Seeking Alpha). At these levels of P/E ratio, the vast majority of Tesla’s valuation depends on earnings growth, as with other fast-growing companies. It is not surprising that TSLA stock dropped substantially during concerns about rising rates in early 2021. Companies for which the valuations depend on future rapid earnings growth will tend to be very sensitive to rates, because rising rates increase the discount rate applied to future earnings and the impact of this increase is much higher for earnings further into the future. Especially in cases in which a stock’s value is sensitive to justifiably variable assumptions about future earnings, considering a range of possible outcomes is important. Put in statistical terms, systems with low predictability are best analyzed using ensemble forecasts rather than point forecasts.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/498fffe7f0087b498b810cc31969d6a6\" tg-width=\"897\" tg-height=\"232\"><span>Price history and basic statistics for TSLA (Source: Seeking Alpha)</span></p>\n<p>My approach to equity analysis is from a statistical standpoint rather than bottom-up fundamental valuation. I can offer no unique insight into Tesla’s technology, how quickly Tesla will grow its sales or as to the impact of competition from other car manufacturers. If you are looking for one more equity analyst’s opinion, this article is not for you. In this article, I compare two different consensus outlooks for the stock. The first is the consensus rating and price target from the Wall Street equity analysts who follow the company. The second consensus view is the market-implied outlook which is derived from the prices at which options are trading. This is, in effect, the consensus opinion of all of the buyers and sellers of options on TSLA. Market-implied outlooks are quite common in quantitative finance but tend to be less familiar to investors and advisors. I have written an&nbsp;overview post&nbsp;that provides examples and links to the finance literature and an implementation of market-implied outlooks by the Minneapolis Federal Reserve Bank.</p>\n<p><b>Wall Street Analyst Ratings</b></p>\n<p>Especially for a company like Tesla, which is innovating and evolving rapidly in a market that is also growing and changing quickly, the consensus outlook of equity analysts is of interest. Each analyst will apply their own assumptions and estimates, and the consensus will tend to emphasize the common aspects and damp out the outliers. In addition, the dispersion among the analysts provides a sense of uncertainty. The higher the dispersion among price targets, for example, the&nbsp;less predictive&nbsp;the consensus target tends to be.</p>\n<p>eTrade’s calculation of the Wall Street consensus combines the view of 27 ranked analysts who have rated the stock and provided 12-month price targets over the past 90 days. The consensus rating is neutral (HOLD) and the consensus 12-month price target is 6.5% below the current share price. The spread in the price targets is enormous, with the highest price target almost 8.9 times the lowest price target. The lowest 12-month target, $135, is not an extreme outlier. There are also analysts with price targets of $150 and $180 as well as three analysts with price targets between $200 and $300.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7fbccc769e51e3f6f019ddc3f7bfc63d\" tg-width=\"685\" tg-height=\"452\"><span>Wall Street analyst consensus rating and 12-month price target for TSLA (Source: eTrade)</span></p>\n<p>Seeking Alpha’s calculation for the Wall Street consensus combines the outlooks of 35 analysts. The consensus rating is neutral, with a price target of $636.47, which is 15% below the current price.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8c20344d6c1b7953446ab1a2f555bfa8\" tg-width=\"905\" tg-height=\"455\"><span>Wall Street analyst consensus rating and price target for TSLA (Source: Seeking Alpha)</span></p>\n<p>The wide range of analyst opinions is also captured in the pie chart of ratings. There are 14 analysts with bullish ratings, 13 with neutral ratings, and 8 with bearish ratings.</p>\n<p><b>Market-Implied Outlook</b></p>\n<p>The buyers and sellers of options on TSLA are placing bets on the probabilities of the price rising above (call options) or falling below (put options) a specific price (the strike price) between now and the expiration date of the options. By combining the prices of call options and put options at a range of strikes and the same expiration date, it is possible to calculate the probability distribution of price returns (between now and the expiration date) that reconcile all of the options prices. This probabilistic outlook for price returns is referred to as the market-implied (aka option-implied) outlook and represents the consensus outlook of the options market. The market-implied outlook provides an interesting complement to the Wall Street analyst outlook.</p>\n<p>I have analyzed options on TSLA that expire on January 21, 2022 to provide the market-implied outlook for the next 9.25 months (between now and that date). The market-implied outlook is charted in the form of a standard probability distribution of returns, with probability on the vertical axis and price return on the horizontal axis, going from most negative on the left to most positive on the right.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/681fc7b1f0d61ed0cb7734b1ea478177\" tg-width=\"723\" tg-height=\"357\"><span>Market-implied price return probabilities for TSLA for the period from today until January 21, 2022 (Source: author’s calculations using options quotes from eTrade)</span></p>\n<p>What is immediately obvious in the market-implied outlook for the next 9.25 months is the very high positive skewness in returns. The single most-probable price return over this period is -34% and the median return is -18% (There is equal probability of being above or below the median). There is, however, an extremely long positive tail on the distribution, such that there is a low but meaningful probability of exceedingly high returns. This is a bearish outlook, with the most probable outcomes being substantially negative price returns over the next 9.25 months.</p>\n<p>The annualized volatility of TSLA derived from this distribution is 69%, which is very high for a large cap or mid cap stock. To put this in context, I recently calculated 62% annualized volatility for&nbsp;Snowflake (SNOW)&nbsp;using the same type of analysis.</p>\n<p>In my analyses using the market-implied outlook, I often rotate the negative return side of the distribution about the vertical axis in order to make it easier to see the relative probabilities of positive and negative returns of the same magnitude (see chart below). I provide this view to make it easier to compare the market-implied outlook for TSLA to some of my other analysis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dce9b2b5a6d42644665c4133af0b67dd\" tg-width=\"565\" tg-height=\"358\"><span>Market-implied price return probabilities for TSLA for the period from today until January 21, 2022 and with the negative return side of the chart rotated about the vertical axis (Source: author’s calculations using options quotes from eTrade)</span></p>\n<p>This chart looks very similar to the&nbsp;market-implied outlook for Teladoc from February, for example. I have been seeing this form of market-implied outlook for a range of tech stocks in recent months. The common characteristics are high positive skewness and prevailing probabilities tilted to price declines.</p>\n<p>Another view of the market-implied outlook is in terms of the percentiles of the outcomes (this is referred to as the cumulative probability distribution). The percentiles show the probability of having a return above or below a specific level (see chart below).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/afa38062250c74ca42ec7813a3eb600c\" tg-width=\"581\" tg-height=\"362\"><span>Percentiles of market-implied price return probabilities for TSLA for the period from today until January 21, 2022 (Source: author’s calculations using options quotes from eTrade)</span></p>\n<p>There is a 64% probability of having a price return less than or equal to zero for the 9.25 month period (where the percentile curve crosses zero return). The skewness effect is easy to see here. The 20th percentile return is -44%, which means that there is a 20% probability of having a price return of -44% or worse over the next 9.25 months. The 10th percentile is -59%. The 80th percentile is +47% and the 90th percentile is +88%. The extreme percentiles illustrate the skewness. There is a 10% probability of having returns less than or equal to -59% (the 10th percentile) and there is a 10% chance of having a return greater than +88% (the 90th percentile).</p>\n<p>There is a very active options market on TSLA, so the market-implied outlook is of considerable interest. The consensus outlook of the options traders suggests that the highest-probability outcomes over the next 9.25 months are price declines, a bearish view. There is also an elevated potential, albeit with low probability, for out-sized positive returns.</p>\n<p><b>Summary</b></p>\n<p>Tesla is a remarkable company that has transformed and continues to lead the market for electric vehicles. Because the technology, the business, and the policy and regulation around electric vehicles is evolving so quickly, I believe it is especially important to analyze TSLA by looking at the range of forecasts. The Wall Street consensus provides one approach to capturing uncertainty by looking at the dispersion in price targets. The market-implied outlook provides a particularly relevant probabilistic outlook. The Wall Street consensus is that TSLA is currently overpriced, with a consensus 12-month price target implying a return of -6.5% to -15%. The dispersion in analyst price targets is enormous, varying by a factor of 9X. The market-implied outlook gives a median price return of -18%, with the single most-probable price return (the mode of the distribution) equal to -34%, for the next 9.25 months. The annualized volatility derived from the market-implied outlook is 69%. My final rating is bearish. There is the potential for enormous positive returns, but the prevailing odds point towards price declines.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Options Prices Imply A Bearish Outlook For Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOptions Prices Imply A Bearish Outlook For Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-16 15:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4419312-options-prices-imply-bearish-outlook-for-tesla><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTSLA's valuation is sensitive to assumptions about earnings growth, as well as interest rates.\nThere is enormous dispersion in the Wall Street analysts' price targets due to this sensitivity....</p>\n\n<a href=\"https://seekingalpha.com/article/4419312-options-prices-imply-bearish-outlook-for-tesla\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4419312-options-prices-imply-bearish-outlook-for-tesla","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1153076451","content_text":"Summary\n\nTSLA's valuation is sensitive to assumptions about earnings growth, as well as interest rates.\nThere is enormous dispersion in the Wall Street analysts' price targets due to this sensitivity.\nThe Wall Street analyst consensus is that the stock is overpriced.\nThe market-implied outlook (derived from options prices) gives probabilities tilted to price declines to early 2022.\nMy overall rating is bearish.\n\nPhoto by jetcityimage/iStock Editorial via Getty Images\nTesla(NASDAQ:TSLA)has a trailing twelve-month P/E of 1,226 (Source: eTrade) and a forward P/E of 180 (Source: Seeking Alpha). At these levels of P/E ratio, the vast majority of Tesla’s valuation depends on earnings growth, as with other fast-growing companies. It is not surprising that TSLA stock dropped substantially during concerns about rising rates in early 2021. Companies for which the valuations depend on future rapid earnings growth will tend to be very sensitive to rates, because rising rates increase the discount rate applied to future earnings and the impact of this increase is much higher for earnings further into the future. Especially in cases in which a stock’s value is sensitive to justifiably variable assumptions about future earnings, considering a range of possible outcomes is important. Put in statistical terms, systems with low predictability are best analyzed using ensemble forecasts rather than point forecasts.\nPrice history and basic statistics for TSLA (Source: Seeking Alpha)\nMy approach to equity analysis is from a statistical standpoint rather than bottom-up fundamental valuation. I can offer no unique insight into Tesla’s technology, how quickly Tesla will grow its sales or as to the impact of competition from other car manufacturers. If you are looking for one more equity analyst’s opinion, this article is not for you. In this article, I compare two different consensus outlooks for the stock. The first is the consensus rating and price target from the Wall Street equity analysts who follow the company. The second consensus view is the market-implied outlook which is derived from the prices at which options are trading. This is, in effect, the consensus opinion of all of the buyers and sellers of options on TSLA. Market-implied outlooks are quite common in quantitative finance but tend to be less familiar to investors and advisors. I have written an overview post that provides examples and links to the finance literature and an implementation of market-implied outlooks by the Minneapolis Federal Reserve Bank.\nWall Street Analyst Ratings\nEspecially for a company like Tesla, which is innovating and evolving rapidly in a market that is also growing and changing quickly, the consensus outlook of equity analysts is of interest. Each analyst will apply their own assumptions and estimates, and the consensus will tend to emphasize the common aspects and damp out the outliers. In addition, the dispersion among the analysts provides a sense of uncertainty. The higher the dispersion among price targets, for example, the less predictive the consensus target tends to be.\neTrade’s calculation of the Wall Street consensus combines the view of 27 ranked analysts who have rated the stock and provided 12-month price targets over the past 90 days. The consensus rating is neutral (HOLD) and the consensus 12-month price target is 6.5% below the current share price. The spread in the price targets is enormous, with the highest price target almost 8.9 times the lowest price target. The lowest 12-month target, $135, is not an extreme outlier. There are also analysts with price targets of $150 and $180 as well as three analysts with price targets between $200 and $300.\nWall Street analyst consensus rating and 12-month price target for TSLA (Source: eTrade)\nSeeking Alpha’s calculation for the Wall Street consensus combines the outlooks of 35 analysts. The consensus rating is neutral, with a price target of $636.47, which is 15% below the current price.\nWall Street analyst consensus rating and price target for TSLA (Source: Seeking Alpha)\nThe wide range of analyst opinions is also captured in the pie chart of ratings. There are 14 analysts with bullish ratings, 13 with neutral ratings, and 8 with bearish ratings.\nMarket-Implied Outlook\nThe buyers and sellers of options on TSLA are placing bets on the probabilities of the price rising above (call options) or falling below (put options) a specific price (the strike price) between now and the expiration date of the options. By combining the prices of call options and put options at a range of strikes and the same expiration date, it is possible to calculate the probability distribution of price returns (between now and the expiration date) that reconcile all of the options prices. This probabilistic outlook for price returns is referred to as the market-implied (aka option-implied) outlook and represents the consensus outlook of the options market. The market-implied outlook provides an interesting complement to the Wall Street analyst outlook.\nI have analyzed options on TSLA that expire on January 21, 2022 to provide the market-implied outlook for the next 9.25 months (between now and that date). The market-implied outlook is charted in the form of a standard probability distribution of returns, with probability on the vertical axis and price return on the horizontal axis, going from most negative on the left to most positive on the right.\nMarket-implied price return probabilities for TSLA for the period from today until January 21, 2022 (Source: author’s calculations using options quotes from eTrade)\nWhat is immediately obvious in the market-implied outlook for the next 9.25 months is the very high positive skewness in returns. The single most-probable price return over this period is -34% and the median return is -18% (There is equal probability of being above or below the median). There is, however, an extremely long positive tail on the distribution, such that there is a low but meaningful probability of exceedingly high returns. This is a bearish outlook, with the most probable outcomes being substantially negative price returns over the next 9.25 months.\nThe annualized volatility of TSLA derived from this distribution is 69%, which is very high for a large cap or mid cap stock. To put this in context, I recently calculated 62% annualized volatility for Snowflake (SNOW) using the same type of analysis.\nIn my analyses using the market-implied outlook, I often rotate the negative return side of the distribution about the vertical axis in order to make it easier to see the relative probabilities of positive and negative returns of the same magnitude (see chart below). I provide this view to make it easier to compare the market-implied outlook for TSLA to some of my other analysis.\nMarket-implied price return probabilities for TSLA for the period from today until January 21, 2022 and with the negative return side of the chart rotated about the vertical axis (Source: author’s calculations using options quotes from eTrade)\nThis chart looks very similar to the market-implied outlook for Teladoc from February, for example. I have been seeing this form of market-implied outlook for a range of tech stocks in recent months. The common characteristics are high positive skewness and prevailing probabilities tilted to price declines.\nAnother view of the market-implied outlook is in terms of the percentiles of the outcomes (this is referred to as the cumulative probability distribution). The percentiles show the probability of having a return above or below a specific level (see chart below).\nPercentiles of market-implied price return probabilities for TSLA for the period from today until January 21, 2022 (Source: author’s calculations using options quotes from eTrade)\nThere is a 64% probability of having a price return less than or equal to zero for the 9.25 month period (where the percentile curve crosses zero return). The skewness effect is easy to see here. The 20th percentile return is -44%, which means that there is a 20% probability of having a price return of -44% or worse over the next 9.25 months. The 10th percentile is -59%. The 80th percentile is +47% and the 90th percentile is +88%. The extreme percentiles illustrate the skewness. There is a 10% probability of having returns less than or equal to -59% (the 10th percentile) and there is a 10% chance of having a return greater than +88% (the 90th percentile).\nThere is a very active options market on TSLA, so the market-implied outlook is of considerable interest. The consensus outlook of the options traders suggests that the highest-probability outcomes over the next 9.25 months are price declines, a bearish view. There is also an elevated potential, albeit with low probability, for out-sized positive returns.\nSummary\nTesla is a remarkable company that has transformed and continues to lead the market for electric vehicles. Because the technology, the business, and the policy and regulation around electric vehicles is evolving so quickly, I believe it is especially important to analyze TSLA by looking at the range of forecasts. The Wall Street consensus provides one approach to capturing uncertainty by looking at the dispersion in price targets. The market-implied outlook provides a particularly relevant probabilistic outlook. The Wall Street consensus is that TSLA is currently overpriced, with a consensus 12-month price target implying a return of -6.5% to -15%. The dispersion in analyst price targets is enormous, varying by a factor of 9X. The market-implied outlook gives a median price return of -18%, with the single most-probable price return (the mode of the distribution) equal to -34%, for the next 9.25 months. The annualized volatility derived from the market-implied outlook is 69%. My final rating is bearish. There is the potential for enormous positive returns, but the prevailing odds point towards price declines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":347865192,"gmtCreate":1618486063016,"gmtModify":1704711556749,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/347865192","repostId":"1125635474","repostType":4,"repost":{"id":"1125635474","kind":"news","pubTimestamp":1618295945,"share":"https://ttm.financial/m/news/1125635474?lang=&edition=fundamental","pubTime":"2021-04-13 14:39","market":"us","language":"en","title":"AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps","url":"https://stock-news.laohu8.com/highlight/detail?id=1125635474","media":"seekingalpha","summary":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 mil","content":"<p><b>Summary</b></p><ul><li>AppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.</li><li>At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.</li><li>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.</li><li>The company has been a key beneficiary of the surging growth of popular game apps.</li><li>Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.</li></ul><p><b>Investment Thesis</b></p><p>AppLovin<a href=\"https://laohu8.com/S/APP\">AppLovin Corporation</a>  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.</p><p>Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.</p><p>There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.</p><p>Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.</p><p><b>Comparable Companies Valuation Analysis</b></p><p>In the comparable companies valuation analysis, we used the following companies as comps to AppLovin:</p><ul><li>Unity Software (U)</li><li>Roblox Corp. (RBLX)</li><li>Activision Blizzard (ATVI)</li><li>Zynga (ZNGA)</li></ul><p>Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.</p><p>Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.</p><p>The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.</p><p>However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.</p><p><img src=\"https://static.tigerbbs.com/b47032411f633c63c676152889baa874\" tg-width=\"553\" tg-height=\"350\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3ea8b356b98201f398b48bd4d57e507a\" tg-width=\"552\" tg-height=\"455\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8a2dfe8877740e842bb1e143c157e39c\" tg-width=\"551\" tg-height=\"370\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0aec05aa4790c780a95e2527c62896e9\" tg-width=\"554\" tg-height=\"548\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/8ee98f1dd0f1c0becb865f331a283068\" tg-width=\"550\" tg-height=\"340\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/96321e40b2bb290d968a20e0a3832de8\" tg-width=\"554\" tg-height=\"362\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/327d495d893132d12a74cc91d93df055\" tg-width=\"553\" tg-height=\"367\" referrerpolicy=\"no-referrer\"><b>Income Statement Forecast</b></p><p>AppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales &amp; marketing, R&amp;D, and other operating expenses as a percentage of sales.</p><p>We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.</p><p><img src=\"https://static.tigerbbs.com/4e58f808f42f4c3a1e238b587f637063\" tg-width=\"547\" tg-height=\"669\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/1026d63d84ac8f26d8391d7e91317b9e\" tg-width=\"547\" tg-height=\"449\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/b9bf6e155cbc281373a8fac78fd3e08b\" tg-width=\"547\" tg-height=\"488\" referrerpolicy=\"no-referrer\"><b>Company Background</b></p><p>Thecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.</p><p>According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.</p><p>AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.</p><p>In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics&amp; marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.</p><p>In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.</p><p><b>AppLovin (Key Metrics)</b></p><p>The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.</p><p>The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0638b1ba5528bc65ee975156f3bcfd46\" tg-width=\"605\" tg-height=\"225\" referrerpolicy=\"no-referrer\"><span>Source: Company data</span></p><p>The company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.</p><p><b>Business Clients:</b></p><ul><li>The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.</li><li>AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.</li><li>The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.</li><li>Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.</li><li>The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.</li></ul><p><b>Consumers:</b></p><ul><li>The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).</li><li>The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.</li><li>During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.</li></ul><p><img src=\"https://static.tigerbbs.com/17a469e7db2359f56bb1fec2388f2826\" tg-width=\"555\" tg-height=\"454\" referrerpolicy=\"no-referrer\"><b>Major Competitors</b></p><p>In the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.</p><p>Balance Sheet and Cash Flow Analysis</p><p>The company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.</p><p>The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.</p><p><b>Conclusion</b></p><p>AppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.</p><p>Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps</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\">\nAppLovin: Capitalizing On The Surging Growth Of Mobile Game Apps\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-13 14:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and...</p>\n\n<a href=\"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APP":"AppLovin Corporation"},"source_url":"https://seekingalpha.com/article/4418129-applovin-capitalizing-growth-mobile-game-apps","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1125635474","content_text":"SummaryAppLovin announced its IPO price range of $75 to $85 per share. The company is selling 25 million shares.At the high end of the IPO price range, the company is aiming to raise $2.1 billion, and it would be valued at $30.4 billion.Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8.The company has been a key beneficiary of the surging growth of popular game apps.Despite strong sales growth, its operating margins worsened in 2020 due to higher operating expenses.Investment ThesisAppLovinAppLovin Corporation  is one of the key beneficiaries of the exploding demand for mobile apps, especially for mobile games. The company's sales growth has been surging in recent years as the company has benefited from both organic growth and has been aggressive in making numerous acquisitions in the past three years.Most developers lack access to the marketing, monetization, and data analytics tools required to stand out among the more than 4.8 million mobile apps available on the Apple App Store(NASDAQ:AAPL)and Google Play Store(NASDAQ:GOOG)(NASDAQ:GOOGL). The company's products and services help many app developers to scale up their business and create a successful app that can be sustained long term. This is where the company's capabilities in app development, marketing, and analytics really stand out.There are more than 1.3 million mobile gaming apps on the Apple App Store and Google Play Store.Mobile gamingaccounts for 39% of worldwide app downloads and for 72% of all app store consumer spend by value, according to Sensor Tower.Although the company's operating margins declined in the past two years mainly due to higher operating expenses, we believe that the company's profit margins will turn around this year due to a combination of higher economies of scale and lower operating expenses as a percentage of revenues.Comparable Companies Valuation AnalysisIn the comparable companies valuation analysis, we used the following companies as comps to AppLovin:Unity Software (U)Roblox Corp. (RBLX)Activision Blizzard (ATVI)Zynga (ZNGA)Our base case valuation of AppLovin is an EV of $35.1 billion, implied market cap of $35.7 billion, and implied target price per share of $99.8. This represents 17% upside from the high end of the IPO price range of $85. We have a POSITIVE view of the AppLovin IPO.Our base case valuation of AppLovin is based on a 16x EV/S multiple (using 2021 sales estimate), which represents a 10% higher than the average EV/S multiple of the comps. It is also below the EV/S multiple of Unity Software and Roblox which trade at EV/S multiple of 26.8x and 19.2x, respectively.The comps' average sales growth in 2020 and 2021 are similar to the sales growth rates of AppLovin in this period. Among the comps, Roblox has the highest sales growth and Activision has the lowest sales growth in 2020 and 2021. Overall, we have assumed higher sales growth for AppLovin versus its peers in 2021 and 2022 and this is one of main reasons why we have applied a 10% higher valuation multiple than the comps.However, Roblox is trading at 19.2x EV/S in 2021 and we have applied a 16x EV/S multiple for AppLovin (17% lower valuation multiple than Roblox). We believe the market will attach a slightly higher valuation multiple for Roblox than AppLovin, mainly due to the former company's higher sales growth and operating margins in 2021, and its brand is more recognized worldwide.Income Statement ForecastAppLovin generated sales of $1,451.1 million and an operating loss of $62.1 million in 2020. The company's sales have nearly tripled from 2018 to 2020. The company's operating margins declined from 50.1% in 2018 to 19.5% in 2019 and -4.3% in 2020. The major reasons for the lower operating margins are due to higher cost of sales, sales & marketing, R&D, and other operating expenses as a percentage of sales.We estimate AppLovin to generate sales of $2.2 billion (up 51% YoY) and an operating profit of $65.2 million in 2021. From 2020 to 2025, we have assumed the company's sales to grow at a CAGR of 28.6%. We have also assumed the company's operating margin to turn positive to 3% in 2021 from -4.3% in 2020. We estimate its operating margins to improve further to 6.8% in 2022, 10.6% in 2023, and 17.8% in 2025. We estimate AppLovin to have sales of $5.1 billion and an operating profit of $0.9 billion in 2025.Company BackgroundThecompanyoriginally started its business helping customers to improve the smartphone customer experiences for all the users. In recent years, the company has become a much bigger player in the mobile gaming segment and it also helps developers to grow their users and improve the monetization of their apps.According to IDC, the company's totalmarket opportunityis estimated to be $189 billion in 2020, growing to $283 billion in 2024, representing a CAGR of 10.6% in this period. This total market size of $184 billion was derived by adding the worldwide total in-app advertising revenue of $101 billion (including gaming and non-gaming in-app display, video, and other advertising, but excluding in-app search advertising) and worldwide direct game spending of $88 billion for 2020.AppLovin has invested about $1 billion in 15 acquisitions and partnerships since 2018. It owns more than 200 free-to-play mobile games from 12 studios.AppLovinlaunched a gaming business unit called Lion Studios in July 2018. It also acquired a company called Max in September 2018. Max provides in-app bidding service, which is a type of advertising where mobile publishers can sell their ad inventory in an auction method). AppLovin also owns and operates gaming studios Machine Zone, Belka Games, PeopleFun and Firecraft Studios.In February 2021, AppLovin signed an agreement to purchase Adjust for $1 billion (including $598 million in cash and $352 million in convertible securities, and an assumption of up to $40 million in debt). Adjust is a leading mobile app analytics& marketing products company in Germany. Adjust provides tools to prevent mobile advertising fraud and better measure the user base. This acquisition is expected to close in 1H 2021.In the IPO prospectus, the company mentioned that it plans to use $75 million of its Class A common shares for charitable purposes. If the company raises $1 billion in the IPO, this would represent nearly 7.5% of total amount. This is a bit unusual to have this large number of shares allocated for charitable purposes. We applaud this move by the CEO and its senior management. Adam Foroughi, the co-founder and CEO of AppLovin, previously co-founded two advertising technology companies, Lifestreet Media Inc. and Social Hour Inc.AppLovin (Key Metrics)The table provides the company's key metrics. There has been a strong increase in the monthly active payers which jumped from 0.3 million in 2018 to 1.0 million in 2019 and 1.5 million in 2020. However, the enterprise clients declined from 192 in 2018 to 172 in 2020. The company defines its enterprise clients as third-party business clients from which it has collected more than $125,000 of revenue in the trailing 12 months. Average revenue per monthly active payer increased from $11 in 2018 to $32 in 2019 and $41 in 2020.The company's main businesses comprise of its platform and apps. Its platform business mainly includes AppLovin Core Technologies and AppLovin Software. Its apps consist of over 200 free-to-play mobile games in five genres, run by 12 studios including those owned by the company and also those it partners with. The five major game genres offering by the company include casual, hypercasual, match-three, midcore, and card/casino. No single game of the company contributed more than 16% of its total revenue in 2020.Source: Company dataThe company collects revenue from two sources including business clients and consumers. In 2020, business clients accounted for 49% of total revenue and consumers represented 51% of total revenue.Business Clients:The company has a wide range of business clients including Facebook(NASDAQ:FB), Google, and a number of much smaller companies. It had 1,400 business clients at the end of 2020. Nearly 99% of the company's business revenue came from its 172 enterprise clients as of December 31, 2020. The company also had a solid customer retention rate of 118% in 2020 for its enterprise clients.AppLovin Software is a comprehensive suite of tools for developers to get their mobile apps discovered and downloaded by the right users, optimize return on marketing spend, and maximize monetization of engagement. AppLovin Software reaches an audience of over 410 million users per day. The company's software solutions provide tools for mobile app developers to expand their businesses by optimizing and automating the marketing and monetization of their apps. Since inception, the company's platform has driven more than 6 billion mobile app installs.The company's main software includes AppDiscovery and MAX. Business clients use AppDiscovery to automate, optimize, and manage their app user acquisition investments. They set marketing and user growth goals, and AppDiscovery optimizes their ad spend in an effort to achieve their return on advertising spend targets and other marketing objectives. AppDiscovery comprises the vast majority of revenue from its software.Revenue is generated from the advertisers, typically on a performance-based, cost-per-install basis, and shared with the company's advertising publishers, typically on a cost per impression model. Business clients use MAX to optimize purchases of app ad inventory.The Compass Analytics tool within MAX provides insights to manage against key performance indicators, understand the long-term value of users, and help manage profitability. Revenue from MAX is generated based on a percentage of client spend. Business clients that purchase advertising inventory from the company's Apps are able to target highly relevant users from its diverse and global portfolio of over 200 mobile games.Consumers:The company has also developed and invested in AppLovin Apps, which consist of a globally diversified portfolio of over 200 free-to-play mobile games. These Apps are accessed by nearly 32 million users every day. Consumer revenue is generated when the user of its apps makes an in-app purchase (IAP).The company's apps are mostly free-to-play mobile games and generate consumer revenue through in-app purchase of virtual items which are used to enhance gameplay and improve the probabilities of the mobile game progression opportunities.During the three months ended December 31, 2020, the company had an average of 2.1 million monthly active payers (MAPs) across its portfolio of apps. Over that period, the company had an average revenue per monthly active payer of $41.Major CompetitorsIn the mobile games and other mobile game app related businesses, the major competitors include Unity Software, Activision Blizzard, Tencent Holdings(OTCPK:TCEHY), and Zynga. In the advertising platform business, the company's major competitors include Facebook, Alphabet, and Amazon (AMZN). Many of these companies are also AppLovin's partners and customers. In addition to these mega companies, the company faces competition from thousands of smaller competitors worldwide.Balance Sheet and Cash Flow AnalysisThe company has a leveraged balance sheet. Net debt increased from $0.8 billion at the end of 2019 to $1.3 billion at the end of 2020. Net debt to adjusted EBITDA ratio also rose from 260% at the end of 2019 to 315% at the end of 2020. After KKR invested in the company in 2018, it appears that AppLovin was advised to add more leverage and expand the business more aggressively through numerous acquisitions. Through this IPO, the company's balance sheet will become much stronger.The company generated positive cash flow from operations and free cash flow in the past two years. Its cash flow from operations and free cash flow averaged $211 million and $207 million, respectively, in 2019 and 2020.ConclusionAppLovin is one of the key beneficiaries of the surging growth of game-related mobile apps. Our base case valuation of AppLovin is EV of $35.1 billion, implied market cap of $35.7 billion, and target price per share of $99.8, which is about 17% higher than the high end of the IPO price range. In recent months, some of the major game-related IPOs including Roblox and Unity Software have done really well, although their share prices have come down from their recent highs. AppLovin will likely be compared against these stocks.Despite AppLovin's decline in operating margins in 2020 due to higher operating expenses, it is more likely that investors will focus on the company's ability to continue to scale up the business and generate higher sales growth. There remains some uncertainty in terms of how quickly the company is willing to focus on the probability at the expense of lower sales growth. In addition, there are some concerns about the recent weakening sentiment on the tech-related IPOs.","news_type":1},"isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108215958,"gmtCreate":1620029772274,"gmtModify":1704337589337,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/108215958","repostId":"1139118247","repostType":4,"repost":{"id":"1139118247","kind":"news","pubTimestamp":1620029533,"share":"https://ttm.financial/m/news/1139118247?lang=&edition=fundamental","pubTime":"2021-05-03 16:12","market":"us","language":"en","title":"Snap: Fundamental Inertia Will Send This Rocket Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1139118247","media":"seekingalpha","summary":"Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say th","content":"<p><b>Summary</b></p>\n<ul>\n <li>SNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.</li>\n <li>SNAP's core monetization engine remains the Discover part of the platform, the least sticky and least optimal part of the platform long-term for advertisers.</li>\n <li>Expect innovation to unlock advertiser dollars at SNAP. SNAP still has monetization avenues to move towards in: Stories, Maps, AR, Spotlight and more.</li>\n <li>On top of all this, user growth is showing absolutely no signs of slowing down, a quite promising trend considering the street has never viewed SNAP as the real reopening play that it is.</li>\n <li>Reiterating Buy rating. PT remains $100.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1a249b8cd64d05fa3a8cf33e810ac00d\" tg-width=\"1536\" tg-height=\"1024\"><span>Photo by Drew Angerer/Getty Images News via Getty Images</span></p>\n<p><b>My Grade of Snap's Q1 Report: A</b></p>\n<p>Something I intend to start doing more frequently during earnings season is grading the quarterly reports of the companies I cover. So, we'll start with Snap (NYSE:SNAP). I gave Snap an<i>\"A\"</i>for their 1Q report. Let's break down the print in more detail.</p>\n<ul>\n <li><i><b>EPS:</b></i>$0.00 actual vs. -$0.06 expected</li>\n <li><i><b>Revenue:</b></i>$770M actual vs. $743.8M expected</li>\n <li><i><b>DAUs:</b></i>280M actual vs. 274.62M expected</li>\n <li><b><i>ARPU:</i></b>$2.74 actual vs. $2.72 expected</li>\n <li><b><i>Q2 Rev. Guide:</i></b>$830M (midpoint) actual vs. $826.99M expected</li>\n</ul>\n<p>These are just the high level numbers, I'll be going more in-depth later on. That said, what a quarter. When Snap reported its 4Q results a few months ago, investors were spooked when their adjusted EBITDA guide came up short of expectations. The company explained their motivations to achieve critical mass of the Spotlight product, which would be quite costly. Fast forward to now, and we see that while Snap did spend big on Spotlight, they were able to still get to breakeven. Talk about underpromising and overdelivering. This beat was likely the most impressive part of Snap's report as it proved that the company could take strides towards investing in themselves while also being fiscally responsible.</p>\n<p>The second best part of this quarter was likely the stunning engagement the platform saw. Snap originally guided ~275 million DAUs for Q1 when they printed their Q4 numbers. This guidance seemed to support the narrative that Snap was witnessing somewhat of a deceleration in user growth as the world economy opened back up. This Q1 report shows quite the opposite trend. Snap added 15 million users sequentially in Q1, versus the 16 million added in Q4. Snap isn't really slowing down on the user addition in spite of the ongoing reopening. All major geographies grew sequentially (North America, Europe, Rest of World) and Android became the predominant Snapchat operating system for the first time in company history.</p>\n<p>Snap's ARPU also beat expectations narrowly as Apple's (NASDAQ:AAPL) IDFA operating system changes were pushed into Q2. While this is a risk (more on that later), it didn't materialize in Q1, which allowed for some upside to slightly depressed expectations.</p>\n<p>And finally, Snap delivered slightly better than expected revenue guidance in Q2. Something to note is that over the last several quarters, Snap appears to have placed deliberately conservative guidance, where they continuously blow out the top-end of their guidance. This trend of underpromising and overdelivering has led to large beats relative to expectations. This is why in spite of the small nature of the beat on Q2 revenue guidance, it's important we look at the top end of the $820-840M revenue guidance as the<i>real</i>bar.</p>\n<p>Overall, Snap just didn't miss a beat this quarter. While it wasn't necessarily a blockbuster quarter, they beat on every single level, with some relatively large beats (EPS and DAU) that drove sentiment coming out of the report. Overall, I'm giving this quarter a grade of an<b>\"A\"</b>.</p>\n<p><b>Conference Call Breakdown</b></p>\n<p>Without further ado, let's dive straight into Snap's Q1 earnings call. To be clear, I'm not going to go over every point, just the points that stuck out to me personally and deemed incredibly relevant to analysis of the business.</p>\n<blockquote>\n <i>We launched Spotlight in India, Mexico, and Brazil during Q1, and are now live in over a dozen countries, reaching more than 125 million monthly active users on Spotlight in March. - Evan Spiegel, CEO</i>\n</blockquote>\n<p>The key takeaway from this remark is simple: Snapchat's high spending levels to build out critical mass have led to ever-increasing levels of engagement on the Spotlight section of the platform. Last quarter, the number was 100 million MAUs. Now in Q1 we're already at 125 million. Spotlight is taking off.</p>\n<blockquote>\n <i>We grew revenue 66 % year-over-year to $770 million, grew daily active users 22% year-over-year to 280 million, and generated $126 million in free cash flow. - Evan Spiegel, CEO</i>\n</blockquote>\n<p>This note is less important, but it highlights how strong Snap has turned around. 66% revenue growth against a normal Q1 comp is downright insane. This would put Snap in the top tier of high valuation/high growth software stocks. In addition, Snap, for the first time in the company's history, generated cash rather than burning it. This shows that Snap can be both a high growth name, and a fiscally responsible company pushing towards profitability. $126 million in FCF definitely doesn't hurt the story here.</p>\n<blockquote>\n <i>More advertisers were active on our platform than ever as our active advertiser base approximately doubled year-over-year in Q1. We have a large opportunity to gain share of the global digital ad market, which is $340 billion and growing. - Jeremi Gorman</i>\n</blockquote>\n<p>Any good software stock (more on this later) needs to have a large addressable market. Management nails that here by mentioning that (a.) they have a massive $340 billion market, and that (b.) they're making inroads on taking share of that market, with advertisers more than<i>doubling</i>y/y.</p>\n<blockquote>\n <i>The fact that these changes are coming later than we anticipated has provided additional time to adopt Apple's SKAdNetwork and begin implementing and testing with our partners. Advertisers that represent a majority of our direct response advertising revenue have successfully implemented SKAdnetwork for their Snap campaigns. - Jeremi Gorman</i>\n</blockquote>\n<p>One of the biggest headline risks to the Snap bull case has been the coming IDFA changes made by Apple that are set to roll out this quarter. Essentially, Apple is tweaking its iOS mobile operating system to allow users to have more control over where the data goes and who collects it. This change is expected to have a negative impact on ad relevance and targeting. Fortunately, Snap seems to be working through any potential headwinds with advertisers right now, prior to the changes occurring. This is calming for me as it assuages any temporary fears I have over IDFA changes being a material headwind to revenue.</p>\n<blockquote>\n <i>As indicated during our recent Investor Day, we are accelerating our investments in sales and sales support beyond North America in 2021 in order to capture our global ARPU opportunity faster in the years ahead. Average eCPM increased 67% year-over-year in Q1. Rising eCPM relative to the prior year is driven by a combination of improved optimization capabilities within our auction, a mix shift toward relatively higher eCPM products such as commercials, as well as a mix shift toward relatively higher eCPM regions such as North America.</i>\n</blockquote>\n<blockquote>\n <i>While our topline has benefited from year-over-year growth in eCPM in recent quarters, the cost per action for our advertising partners declined sequentially for three of our top four goal-based bidding objectives in Q1, as we continue to enhance our optimization capabilities in order to use our inventory more efficiently. Consequently, we believe that we will be able to deliver attractive returns on ad spend to our advertising partners as eCPM grows over the long term.</i>\n</blockquote>\n<blockquote>\n <i>In addition, the ongoing growth of our community and strong engagement in areas of our application that we have not yet begun to monetize, provide significant room to expand our inventory and expand our long-term ARPU opportunity over time. - Derek Andersen</i>\n</blockquote>\n<p>Now this is a long segment from the call but try to bear with me here. If you haven't seen my prior breakdown of Snap, clickherefor my analysis of Snap's Investor Day among other things. The first thing to point out in this comment is North America, the geography that has been driving monetization growth, will merely be the first place Snap gets its feet wet with its go to market strategy. Europe and ROW are next. Once we see North America begin to stall (which we shouldn't see for a while), Snap will be ready to scale internationally. The next thing management points out is that in spite of rising eCPMs that have enabled robust ARPU and overall revenue growth, the internal cost to advertise has actually gotten<i>more</i>efficient for advertisers. Snap's believes this win-win combo will continue long term. In addition, untapped parts of the Snapchat product (think Maps, Communication, and Spotlight) will drive eCPMs higher and expand the company's ARPU long-term.</p>\n<blockquote>\n <i>We continue to make significant progress against our goal of driving down our underlying infrastructure unit costs over time. In Q1, our infrastructure costs per DAU benefited from several factors, with the most significant being efficiency improvements delivered by our engineering teams, including the re-architecture of our messaging platform that we mentioned during our recent Investor Day. In addition, we continued to benefit in Q1 from negotiated rate improvements for several of our cloud services.</i>\n</blockquote>\n<blockquote>\n <i>Lastly, the acceleration in growth of our community has been a modest benefit to infrastructure cost per DAU in recent quarters as new users tend to have lower initial marginal cloud infrastructure costs relative to longer tenured Snapchatters. These factors combined to deliver the lowest infrastructure costs per DAU we have reported as a public company at just $0.62 in Q1, down from $0.69 in the prior quarter and $0.71 in the prior year.</i>\n</blockquote>\n<blockquote>\n <i>On the content side, we continue to invest to support the launch of Spotlight in Q1. And this contributed approximately $90 million to our cost of revenue in the quarter, representing a 12 percentage point headwind to gross margin expansion in the quarter. We are highly encouraged by the early returns from our investments in Spotlight, with this new platform reaching over 125 million monthly active users in March. While it is still very early for this new platform, we are excited about the potential for Spotlight to further expand our monetization opportunity in the future. - Derek Andersen</i>\n</blockquote>\n<p>Again, another long quote so bear with me here. First of all, Snap's gross margin trend is proof that headline numbers are just that. Headline numbers. We have to look under the hood at what Snap is really doing with gross margins. Infrastructure costs, since inception, have been the bread and butter of Snap's gross costs. While gross margin expansion has tailed off recently (because of Spotlight, more on that later), it isn't because users are getting too expensive to onboard or keep on platform. Snap's engineering team has made great progress in lowering internal hosting and infrastructure costs with infrastructure expense per DAU down ~13% Y/Y. Essentially, what this means is Snapchat has gotten very efficient infrastructure spending and this reduction in infrastructure spend has been (and will be) a tailwind for gross margins going forward. Remember how gross margins were only up ~100bps y/y? Well, backing out Spotlight expenses (which will be phased out over time), Snap's gross margins were actually closer to ~60% in Q1. This just goes to show Snap's newfound efficiency in innovating while staying fiscally disciplined. This expenditure has paid off, with 125 million MAUs on Spotlight<i>already</i>and plenty of room for future monetization.</p>\n<blockquote>\n <i>As we look forward to Q2, we estimate that DAU will grow at a rate consistent with the prior quarter, or approximately 22% year-over-year to reach $290 million in Q2. On the monetization side, we are cautiously optimistic that the operating environment will continue to improve. Our guidance range is for revenue of $820 million to $840 million, implying year-over-year revenue growth of approximately 80% to 85% in Q2. This range reflects our best current estimate of the potential impact of anticipated disruptions associated with the iOS platform changes.</i>\n</blockquote>\n<blockquote>\n <i>It is not clear yet what the longer-term impact of the iOS platform changes may be for the top line momentum of our business. And this may not be clear until several months or more after the changes are implemented. Until then, we will remain focused on helping our partners navigate these changes while optimizing return on ad spend across our advertising products and platform.</i>\n</blockquote>\n<blockquote>\n <i>On the expense side in Q2, we intend to continue to invest in the long-term growth of our business, and we'll continue to support the launch of Spotlight with our $1 million per day creator fund in order to build on the momentum we are seeing with this exciting new platform. While we see a path to adjusted EBITDA breakeven in Q2, we are also cognizant that there are a number of cost drivers for our business, including travel and event-related costs that have been lower over the past year due to COVID-related restrictions. It is likely that these activities will begin to resume in the coming months as restrictions ease and that the related costs will begin to return to our cost structure as a result. Given this, our guidance range is for adjusted EBITDA to be between negative $20 million and breakeven for Q2. - Derek Andersen</i>\n</blockquote>\n<p>Okay so here is the guidance. 80-85% revenue growth y/y. Granted this is against a relatively weak Q2 comp. Nevertheless, this level of growth with scaling cost efficiency is downright impressive. Snap anticipates a slight slowdown in net sequential user adds from ~15 million to ~10 million. To be expected heading into easing lockdowns. In addition, in spite of the continued high spending on Spotlight, Snap is guiding very nicely for its EBITDA trajectory. iOS changes remain a short to medium term risk. And while it is a risk, it is also factored into the guide. If this risk doesn't materialize, I would fully expect Snap to take out the top end of its revenue guidance.</p>\n<p>One thing I would like to acknowledge here now that I've gone through my biggest points in the prepared remarks is this: I'm not touching on every single thing in this call. Management gives even more color. </p>\n<blockquote>\n <i>So it was more difficult to kind of perfectly execute this verticalization and specialist in terms of different vertical, measurement specialists or marketing specialists or communication specialists by vertical. But I think what's so exciting about the opportunity is that we now know the playbook. You're seeing it show up in our strong results in North America. And so we are going to replicate it in Europe and the rest of the world and those investments we were talking about to accelerate our growth internationally. - Jeremi Gorman</i>\n</blockquote>\n<p>One of the key drivers of Snap's results when it comes to ARPU growth in the North American geography has been fleshing out an effective sales team. If you paid close attention to the 1Q print, you might have noticed that ARPU was actually negative y/y in the ROW segment. This has caused a bit of concern, though in this case it is likely because ARPU is a mostly output metric in Snap's developing markets. Nevertheless, Snap now knows the gameplan to effectively scaling up the monetization of their platform domestically. They can begin to implement those types of investments internationally and scale monetization there too.</p>\n<blockquote>\n <i>But if you get into the second half, those comps are going to look a little bit more like what we saw in Q1. So obviously, they're a little tougher. We feel good about the results we put up in Q1 on relatively tougher comps. - Derek Andersen</i>\n</blockquote>\n<p>This comment from management relates to a question asked by an analyst on tougher 2H comps. Snap is saying that the back half comps are probably going to look a lot like the Q1 comps. These comps will be a little more difficult than the Q2 comp, since Q2'20 was damaged by Covid's effect on the ad industry. That said, this comment could be insinuating that they are anticipating similar growth in 2H as they saw in Q1.</p>\n<blockquote>\n <i>Right now, what we're really focused on is making the investments in our sales and sales support to build on the momentum. We like what we're seeing on the active advertiser growth. We're liking what we see on the upfront commitments and we're focused on delivering the return on ad spend, investing in our optimization capabilities so that we can deliver return on ad spend for those advertising partners just to continue to build on the momentum we're seeing.</i>\n</blockquote>\n<blockquote>\n <i>Look, while we're excited about the momentum that we're seeing there on the Spotlight side, it's early there. We're really excited about the product and the momentum. In terms of the need to open that up to advertising, I think we continue to be more demand constrained than supply constrained. So, we're going to continue to focus on improving the experience for our Snapchatter community and for creators in the near term, and we've got lots of room to grow the top line in the areas that we're already monetizing today over the near term. Thanks for the question. - Derek Andersen</i>\n</blockquote>\n<p>Again, another long blurb, but let's break it down. Snap is prioritizing making investments in its sales team to continue building up growth in their advertiser count. This strategy of investing in the sales team has been working in terms of bringing new advertisers in and increasing advertiser commitments. Then, turning to Spotlight, we get a little bit of discouraging/bearish commentary. While management loves the engagement they are seeing on the Spotlight section of the platform, investors should expect Snap to play the long game with this one. Spotlight is definitely intriguing, but do not expect near-term boosts in monetization from this part of the platform. Spotlight will take time to bear any real fruit.</p>\n<blockquote>\n <i>We are really focused on helping our advertisers make the transition to the best possible measurement and optimization tools smoothly. The change happened later than we expected, which gave us a lot of time to prepare and SKAdNetwork is one part of that. So, we're really pleased to see that advertisers that represent the majority of our direct response revenue have implemented it so far. But we know that there's a lot of work to be done to transition smoothly. - Derek Andersen</i>\n</blockquote>\n<p>Again, one of Snap's biggest headline risks has been updating their tracking, targeting, and optimization for the IDFA-adjusted era. Snap has had time to work with advertising partners to implement the new tools given to them (by Apple) and work through any air pockets in ad pricing. While we haven't seen these changes come fully into effect yet, meaning there is still an element of uncertainty there, Snap has worked to make the platform advertiser-friendly, and everything seems fine right now.</p>\n<p>Overall it was very hard to not like what Snap had to say this quarter. Everything exceeded expectations, and some IDFA worries were pushed aside, or at least eased. This was a great quarter.</p>\n<p><b>Long-Term Narrative: Numerous Paths To Hypergrowth and Mega Margins</b></p>\n<p>Short-term, the story looks great. But let's look at the long-term narrative. That's what's most important after all.</p>\n<p><img src=\"https://static.tigerbbs.com/e98933ed3469802a0c6304a16b65ef13\" tg-width=\"300\" tg-height=\"168\"></p>\n<p>I've broken down the long-term bull case on Snap many times during my tenure here atSeeking Alpha. I've covered the company publicly and privately since its IPO in March of 2017. I've been long, short, and everything in between. I can tell you with confidence, that the narrative has never looked as strong with Snap fundamentally as it does right now.</p>\n<p>The narrative is years of ~50%+ revenue growth to come, high margins, fiscal responsibility, and eventually, high levels of profitability. Let me break out why this narrative is so plausible, and why the stock, even at today's levels, is enticing.</p>\n<p><b>Looking At Snap Like a Software Stock</b></p>\n<p>In order to better understand the value in Snap, we should look at the business like a SaaS (software as a service) stock. Excluding the last couple of months, SaaS has been one of the biggest outperforming subsectors of the overall tech sector. Software stocks have garnered the highest multiples and frothiest valuations in the world and it can all be boiled down to these points:</p>\n<ul>\n <li>TAM (total addressable market)</li>\n <li>A disruptive and leading product (or go to market strategy)</li>\n <li>Numerous levers for high, sustained growth</li>\n <li>High long-term margin profile</li>\n <li>Rule of 40 (more on that in a bit)</li>\n <li>narrative optionality (bonus points)</li>\n</ul>\n<p>Now, there have been some duds in the software business. That said, the valuations being afforded to software stocks that check these five boxes are among the highest on Wall Street. Just look here.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a9530148b6fd7b02248417d014ef4160\" tg-width=\"635\" tg-height=\"589\"><span>Data by YCharts</span></p>\n<p>These are just a few names in a huge basket of highly valued software stocks that trade at nosebleed valuations. Why do investors hand out such high valuations? It's simple. These companies check all the aforementioned boxes. Snap is no different. Where are they trading though?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/16bc8a86aa75d65c6ed3df1f17c0f1ea\" tg-width=\"635\" tg-height=\"403\"><span>Data by YCharts</span></p>\n<p>They're trading like a name that is at the middle of this growth pack, not at the front of it. I'm going to make the case for Snap to be at the front of this pack, or at least towards the front. Let's go through the five points (and the sixth bonus) to determine if Snap belongs towards the head, rather than the tail.</p>\n<p>The first point is TAM. TAM is an acronym for total addressable market. Essentially, a business' TAM is its long-term market opportunity. Snap's TAM is massive, and quickly growing at that. Snap's TAM is among the largest out of all the aforementioned \"software\" stocks. Snap&nbsp;estimates&nbsp;that the global digital advertising market did ~$339 billion in business last year, and is expected to scale towards ~$543 billion by 2024. So, not only is Snap operating in a<i>massive</i>market, they're operating in a dynamic market. A market that in and of itself is growing rapidly. Some TAMs are relatively static. Digital advertising is not so. So, Snap checks the first box of having a massive TAM.</p>\n<p>The second point is having a disruptive product. Having a large market is great, but if you can't capture meaningful market share with a great product, then the size of said market is irrelevant. Fortunately for Snap, they have a great product. The product that they are selling, is the attention span and purchasing decisions of the most influential purchasers in the world: Gen Z and Millennials. Snap has a lock on these users. Why? Because through years of R&amp;D spend and product rollout, Snap has built an ecosystem that is worth more than any one of the app's features. If Facebook copies a key part of Snap's ecosystem, it doesn't really matter anymore. Snap has the loyalty of its users now. More importantly however, they have carved out a niche in advertising. From an ad platform sophistication standpoint, Snap is on par with the top ad platforms (see slide 33), and they continue to invest in innovative ad formats, giving advertisers choice. Lenses, Commercials, Stories, Spotlight. These are all products that Snap will begin advertising against, giving advertisers different choices as to how they want to reach this coveted demographic. Snap has built out a differentiating product for advertisers, now they just need to iterate on it to see the fruits of their labors come out at scale. Snap checks this box exceptionally well.</p>\n<p>The third point is having numerous growth levers. If the growth runs \"dry\" so to speak in one part, can Snap quickly transition to juicing growth with another aspect of their business? Yes, they absolutely could. You know, the interesting thing is, Snap's Investor Day commentary of numerous years of 50%+ revenue growth is on their current ad product pipeline. This pipeline is mostly their Commercials product on the Discover page and Stories ads. At least, that seems to be the bread and butter of their ad business. Snap hasn't fully tapped into either of these products fully yet, and yet they are able to drive years of 50%+ revenue growth alone? That's unreal, and considering the fact that Snap also has Snap Map, Spotlight, and AR lens ads/experiences, they have more than enough levers to drive growth higher.</p>\n<p><img src=\"https://static.tigerbbs.com/afdd3c34f19eec6a6919e4c22ca54bfd\" tg-width=\"310\" tg-height=\"163\"></p>\n<p>Fourth is margins. When I talk about long-term margins, I mean both gross margins and operating margins. With gross margins, I can see Snap between 75-90% long-term (5yrs+). Why? The bulk of their long-term COGS will likely come from infrastructure expenses (i.e. hosting and cloud contracts with GCP and AWS). Hosting costs go up not with ad pricing/ARPU, but with engagement. The more a user engages with an app, then theoretically, the more it costs to host, and the more they are charged on their cloud bill. The thing is, if Snap can seriously crank up ARPU, then COGS would fall in line, because COGS doesn't really correlate with ARPU. This could enable incredibly high margins as infrastructure spend stabilizes while ARPU skyrockets. Some may point out Snap's rising content costs when it comes to Spotlight. The important thing to note is, while Snap is investing heavily upfront to develop a critical mass of engagement, once the ball really starts rolling, they can pull back on spend. Why? Because from then on engagement on the Spotlight part of the platform will be organic.</p>\n<p>Now when it comes to operating margins, I expect a premium there as well. Snap will always be a big SG&amp;A spender and R&amp;D spender. Using stock based compensation is a great tool for morale and building the business, especially when it comes to Snap trying to scale its global sales team. This sales team is critical to onboarding new international advertisers and (the holy grail) small business advertisers. Expect SG&amp;A to continue rising over the coming years as Snap expands its attack opportunity. R&amp;D is critical as well. R&amp;D is what spurs innovation, which is what keeps the platform sticky for both users and advertisers. In social media, retention and growth are the key. R&amp;D is necessary to keep both. That being said, I still expect best in class operating margins relative to other social media platforms. Why? Snap lacks content moderation expenses. You see, the thing that has been weighing on the margins of Facebook and Twitter (NYSE:TWTR) in particular has been high expenses relating to moderating content on platform. Snapchat, for the most part, is free of this content. They don't have to worry about the costs associated with building a moderation team or building out content moderation algorithms. This is huge, as the key reason for Facebook's contracting margins has been content moderation. Snap, in lacking these expenses, has an opportunity for even larger margins.</p>\n<p>The fifth point, tying it all together, is the Rule of 40. For seasoned software investors, the Rule of 40 is a key tool in evaluating how much slack to cut a stock valuation-wise. If you don't know what it is, don't worry I'll explain. The Rule of 40 is simple: Take your revenue growth rate and add it to your cash flow margin (or profit margin). If this net number is above 40%, then investors generally tend to turn a blind eye or at least cut the company some slack valuation wise. Let's run a hypothetical example just so we understand better.</p>\n<p>Company A has revenue growth of 25%, and a cash flow margin of 5%. Combined, Company A's rev. growth + cf margin is 30%, which is less than the Rule of 40.</p>\n<p>Let's apply this to Snap's numbers as of Q1. Snap saw revenue growth of 66% Y/Y against a fair comp. Their free cash flow margin in Q1 was ~16%. This means Snap more than<i>doubles</i>the rule, coming in at 82%, putting them in the top echelon of growth software names.</p>\n<p>And finally, the cherry on top, is Snap's optionality. Snap has massive room to expand in the advertising vertical alone, but wait, there's more. On top of the enormous upside of Snap's advertising business, the company has left room for aggressive expansion elsewhere. Whether it be gaming, eCommerce, or augmented reality hardware, Snap has just begun to open doors to more potential markets to juice up long-term growth.</p>\n<p>With all this said, I am fine with paying almost any multiple on this company's stock because of all the things it has going for it.</p>\n<p><b>Valuation</b></p>\n<p>This brings us to my formal valuation of the stock. I value Snap by doing a 2030 buildout of the business, assignment of a fair multiple, and discounting back with WACC (weighted average cost of capital). Let's start with the underlying business assumptions:</p>\n<ul>\n <li>DAUs of ~550M</li>\n <li>ARPU of $55.38/DAU</li>\n <li>Revenue of<b>~$30.457B</b></li>\n <li>Gross Margin of 83.7%</li>\n <li>OpEx of $10.17B</li>\n <li>Tax Rate of 25%</li>\n <li>Share Count (current) of 1.519B</li>\n <li>EPS of<b>$7.57</b></li>\n</ul>\n<p>I have an internal model that I run for the valuation that goes into more depth than just these numbers. That being said, I'm choosing to keep the in-depth model private for now.</p>\n<p>Now, let's choose the multiple. I've been going with a 4% earnings yield, a significant premium to the 10 year bond to reflect the risk-on nature of the asset. Still, 4% EPS yield is a 25x earnings multiple. 25x $7.57 in EPS gets a 2030 exit value of ~$189.17/share.</p>\n<p>Finally, and possibly most importantly, what is the rate at which we discount the 2030 valuation? Interestingly, while the market (growth stocks in particular) has gotten more choppy of late, equity risk premiums have actually trended down. In addition, interest rates, which triggered the drawdown in growth stock valuations have actually been stabilizing lately. All the while, Snap's actual beta has been winding down a bit. I've calculated a discount rate based on a beta of 1.4 (per Infront Analytics) of ~7.5%. So, discounting back by 7.5% per year to YE'2022, we get to a price target of $101.39/share, which I've decided to round down to $100. Therefore, my price target at this time remains $100.</p>\n<p><b>Risks</b></p>\n<p>No stock fully lacks risk. While I believe Snap is a relatively risk-off name, there are some things I want to point out.</p>\n<ul>\n <li>short term valuation remains high</li>\n <li>potential for prolonged IDFA drag</li>\n <li>execution risk</li>\n <li>need to take SMB exposure from the bigger competitors</li>\n</ul>\n<p>The first risk is the most pronounced one. While I believe the valuation is more than warranted where it is, I also acknowledge that at ~16x next year's sales, there isn't much margin for error. If things go awry anywhere in the Snap narrative, the valuation has basically no cushion at this point.</p>\n<p>The next risk is the potential for Apple's iOS changes to have a dragging effect on ARPU over the short to long term. While Snap has done a great job migrating advertisers towards SKAdNetwork, I wouldn't rule anything out yet in terms of ARPU stagnating short-term while advertisers worry about lessened targeting. If IDFA changes do hit Snap's ARPU, then I wouldn't be surprised to see a massive drawdown in the stock, as the valuation (as mentioned earlier) is very high still.</p>\n<p>The third risk is simply execution. Can Snap execute on their vision for years of 50%+ revenue growth? Well, after a few years of solid results in every facet: user growth, monetization, cost controls, etc., I have my faith in management. That being said, if anything goes awry, then take cover.</p>\n<p>And the final risk is an inability to attract SMBs to Snap's advertising platform. Small and medium size businesses are the bread and butter of Facebook's ad revenue. Without high small business exposure, Facebook would not be anywhere close to as big as it is today. Snap has found itself in the difficult position of needing to grab share in these small businesses from Facebook in order to scale revenues. By differentiating their product and giving advertisers access to a coveted demographic, I believe they can take the necessary market share from Facebook to scale into the numbers I model out.</p>\n<p><b>Conclusion</b></p>\n<p>Snap delivered an incredible Q1 report, with great commentary and outlook for Q2 and beyond. The company is a top-tier growth stock with incredible long-term margin potential because of their improving cost structure. The momentum building in Snap's business will eventually be reflected in stock price action. Since it hasn't yet, I continue to rate Snap at Buy with a $100 price target.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap: Fundamental Inertia Will Send This Rocket Higher</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\">\nSnap: Fundamental Inertia Will Send This Rocket Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 16:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.\nSNAP's core monetization engine ...</p>\n\n<a href=\"https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc"},"source_url":"https://seekingalpha.com/article/4423687-snap-earnings-fundamental-inertia-will-send-this-rocket-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1139118247","content_text":"Summary\n\nSNAP delivered its 1Q report on Thursday, April 22nd. The results were impressive to say the least. We saw across the board beats on almost every front.\nSNAP's core monetization engine remains the Discover part of the platform, the least sticky and least optimal part of the platform long-term for advertisers.\nExpect innovation to unlock advertiser dollars at SNAP. SNAP still has monetization avenues to move towards in: Stories, Maps, AR, Spotlight and more.\nOn top of all this, user growth is showing absolutely no signs of slowing down, a quite promising trend considering the street has never viewed SNAP as the real reopening play that it is.\nReiterating Buy rating. PT remains $100.\n\nPhoto by Drew Angerer/Getty Images News via Getty Images\nMy Grade of Snap's Q1 Report: A\nSomething I intend to start doing more frequently during earnings season is grading the quarterly reports of the companies I cover. So, we'll start with Snap (NYSE:SNAP). I gave Snap an\"A\"for their 1Q report. Let's break down the print in more detail.\n\nEPS:$0.00 actual vs. -$0.06 expected\nRevenue:$770M actual vs. $743.8M expected\nDAUs:280M actual vs. 274.62M expected\nARPU:$2.74 actual vs. $2.72 expected\nQ2 Rev. Guide:$830M (midpoint) actual vs. $826.99M expected\n\nThese are just the high level numbers, I'll be going more in-depth later on. That said, what a quarter. When Snap reported its 4Q results a few months ago, investors were spooked when their adjusted EBITDA guide came up short of expectations. The company explained their motivations to achieve critical mass of the Spotlight product, which would be quite costly. Fast forward to now, and we see that while Snap did spend big on Spotlight, they were able to still get to breakeven. Talk about underpromising and overdelivering. This beat was likely the most impressive part of Snap's report as it proved that the company could take strides towards investing in themselves while also being fiscally responsible.\nThe second best part of this quarter was likely the stunning engagement the platform saw. Snap originally guided ~275 million DAUs for Q1 when they printed their Q4 numbers. This guidance seemed to support the narrative that Snap was witnessing somewhat of a deceleration in user growth as the world economy opened back up. This Q1 report shows quite the opposite trend. Snap added 15 million users sequentially in Q1, versus the 16 million added in Q4. Snap isn't really slowing down on the user addition in spite of the ongoing reopening. All major geographies grew sequentially (North America, Europe, Rest of World) and Android became the predominant Snapchat operating system for the first time in company history.\nSnap's ARPU also beat expectations narrowly as Apple's (NASDAQ:AAPL) IDFA operating system changes were pushed into Q2. While this is a risk (more on that later), it didn't materialize in Q1, which allowed for some upside to slightly depressed expectations.\nAnd finally, Snap delivered slightly better than expected revenue guidance in Q2. Something to note is that over the last several quarters, Snap appears to have placed deliberately conservative guidance, where they continuously blow out the top-end of their guidance. This trend of underpromising and overdelivering has led to large beats relative to expectations. This is why in spite of the small nature of the beat on Q2 revenue guidance, it's important we look at the top end of the $820-840M revenue guidance as therealbar.\nOverall, Snap just didn't miss a beat this quarter. While it wasn't necessarily a blockbuster quarter, they beat on every single level, with some relatively large beats (EPS and DAU) that drove sentiment coming out of the report. Overall, I'm giving this quarter a grade of an\"A\".\nConference Call Breakdown\nWithout further ado, let's dive straight into Snap's Q1 earnings call. To be clear, I'm not going to go over every point, just the points that stuck out to me personally and deemed incredibly relevant to analysis of the business.\n\nWe launched Spotlight in India, Mexico, and Brazil during Q1, and are now live in over a dozen countries, reaching more than 125 million monthly active users on Spotlight in March. - Evan Spiegel, CEO\n\nThe key takeaway from this remark is simple: Snapchat's high spending levels to build out critical mass have led to ever-increasing levels of engagement on the Spotlight section of the platform. Last quarter, the number was 100 million MAUs. Now in Q1 we're already at 125 million. Spotlight is taking off.\n\nWe grew revenue 66 % year-over-year to $770 million, grew daily active users 22% year-over-year to 280 million, and generated $126 million in free cash flow. - Evan Spiegel, CEO\n\nThis note is less important, but it highlights how strong Snap has turned around. 66% revenue growth against a normal Q1 comp is downright insane. This would put Snap in the top tier of high valuation/high growth software stocks. In addition, Snap, for the first time in the company's history, generated cash rather than burning it. This shows that Snap can be both a high growth name, and a fiscally responsible company pushing towards profitability. $126 million in FCF definitely doesn't hurt the story here.\n\nMore advertisers were active on our platform than ever as our active advertiser base approximately doubled year-over-year in Q1. We have a large opportunity to gain share of the global digital ad market, which is $340 billion and growing. - Jeremi Gorman\n\nAny good software stock (more on this later) needs to have a large addressable market. Management nails that here by mentioning that (a.) they have a massive $340 billion market, and that (b.) they're making inroads on taking share of that market, with advertisers more thandoublingy/y.\n\nThe fact that these changes are coming later than we anticipated has provided additional time to adopt Apple's SKAdNetwork and begin implementing and testing with our partners. Advertisers that represent a majority of our direct response advertising revenue have successfully implemented SKAdnetwork for their Snap campaigns. - Jeremi Gorman\n\nOne of the biggest headline risks to the Snap bull case has been the coming IDFA changes made by Apple that are set to roll out this quarter. Essentially, Apple is tweaking its iOS mobile operating system to allow users to have more control over where the data goes and who collects it. This change is expected to have a negative impact on ad relevance and targeting. Fortunately, Snap seems to be working through any potential headwinds with advertisers right now, prior to the changes occurring. This is calming for me as it assuages any temporary fears I have over IDFA changes being a material headwind to revenue.\n\nAs indicated during our recent Investor Day, we are accelerating our investments in sales and sales support beyond North America in 2021 in order to capture our global ARPU opportunity faster in the years ahead. Average eCPM increased 67% year-over-year in Q1. Rising eCPM relative to the prior year is driven by a combination of improved optimization capabilities within our auction, a mix shift toward relatively higher eCPM products such as commercials, as well as a mix shift toward relatively higher eCPM regions such as North America.\n\n\nWhile our topline has benefited from year-over-year growth in eCPM in recent quarters, the cost per action for our advertising partners declined sequentially for three of our top four goal-based bidding objectives in Q1, as we continue to enhance our optimization capabilities in order to use our inventory more efficiently. Consequently, we believe that we will be able to deliver attractive returns on ad spend to our advertising partners as eCPM grows over the long term.\n\n\nIn addition, the ongoing growth of our community and strong engagement in areas of our application that we have not yet begun to monetize, provide significant room to expand our inventory and expand our long-term ARPU opportunity over time. - Derek Andersen\n\nNow this is a long segment from the call but try to bear with me here. If you haven't seen my prior breakdown of Snap, clickherefor my analysis of Snap's Investor Day among other things. The first thing to point out in this comment is North America, the geography that has been driving monetization growth, will merely be the first place Snap gets its feet wet with its go to market strategy. Europe and ROW are next. Once we see North America begin to stall (which we shouldn't see for a while), Snap will be ready to scale internationally. The next thing management points out is that in spite of rising eCPMs that have enabled robust ARPU and overall revenue growth, the internal cost to advertise has actually gottenmoreefficient for advertisers. Snap's believes this win-win combo will continue long term. In addition, untapped parts of the Snapchat product (think Maps, Communication, and Spotlight) will drive eCPMs higher and expand the company's ARPU long-term.\n\nWe continue to make significant progress against our goal of driving down our underlying infrastructure unit costs over time. In Q1, our infrastructure costs per DAU benefited from several factors, with the most significant being efficiency improvements delivered by our engineering teams, including the re-architecture of our messaging platform that we mentioned during our recent Investor Day. In addition, we continued to benefit in Q1 from negotiated rate improvements for several of our cloud services.\n\n\nLastly, the acceleration in growth of our community has been a modest benefit to infrastructure cost per DAU in recent quarters as new users tend to have lower initial marginal cloud infrastructure costs relative to longer tenured Snapchatters. These factors combined to deliver the lowest infrastructure costs per DAU we have reported as a public company at just $0.62 in Q1, down from $0.69 in the prior quarter and $0.71 in the prior year.\n\n\nOn the content side, we continue to invest to support the launch of Spotlight in Q1. And this contributed approximately $90 million to our cost of revenue in the quarter, representing a 12 percentage point headwind to gross margin expansion in the quarter. We are highly encouraged by the early returns from our investments in Spotlight, with this new platform reaching over 125 million monthly active users in March. While it is still very early for this new platform, we are excited about the potential for Spotlight to further expand our monetization opportunity in the future. - Derek Andersen\n\nAgain, another long quote so bear with me here. First of all, Snap's gross margin trend is proof that headline numbers are just that. Headline numbers. We have to look under the hood at what Snap is really doing with gross margins. Infrastructure costs, since inception, have been the bread and butter of Snap's gross costs. While gross margin expansion has tailed off recently (because of Spotlight, more on that later), it isn't because users are getting too expensive to onboard or keep on platform. Snap's engineering team has made great progress in lowering internal hosting and infrastructure costs with infrastructure expense per DAU down ~13% Y/Y. Essentially, what this means is Snapchat has gotten very efficient infrastructure spending and this reduction in infrastructure spend has been (and will be) a tailwind for gross margins going forward. Remember how gross margins were only up ~100bps y/y? Well, backing out Spotlight expenses (which will be phased out over time), Snap's gross margins were actually closer to ~60% in Q1. This just goes to show Snap's newfound efficiency in innovating while staying fiscally disciplined. This expenditure has paid off, with 125 million MAUs on Spotlightalreadyand plenty of room for future monetization.\n\nAs we look forward to Q2, we estimate that DAU will grow at a rate consistent with the prior quarter, or approximately 22% year-over-year to reach $290 million in Q2. On the monetization side, we are cautiously optimistic that the operating environment will continue to improve. Our guidance range is for revenue of $820 million to $840 million, implying year-over-year revenue growth of approximately 80% to 85% in Q2. This range reflects our best current estimate of the potential impact of anticipated disruptions associated with the iOS platform changes.\n\n\nIt is not clear yet what the longer-term impact of the iOS platform changes may be for the top line momentum of our business. And this may not be clear until several months or more after the changes are implemented. Until then, we will remain focused on helping our partners navigate these changes while optimizing return on ad spend across our advertising products and platform.\n\n\nOn the expense side in Q2, we intend to continue to invest in the long-term growth of our business, and we'll continue to support the launch of Spotlight with our $1 million per day creator fund in order to build on the momentum we are seeing with this exciting new platform. While we see a path to adjusted EBITDA breakeven in Q2, we are also cognizant that there are a number of cost drivers for our business, including travel and event-related costs that have been lower over the past year due to COVID-related restrictions. It is likely that these activities will begin to resume in the coming months as restrictions ease and that the related costs will begin to return to our cost structure as a result. Given this, our guidance range is for adjusted EBITDA to be between negative $20 million and breakeven for Q2. - Derek Andersen\n\nOkay so here is the guidance. 80-85% revenue growth y/y. Granted this is against a relatively weak Q2 comp. Nevertheless, this level of growth with scaling cost efficiency is downright impressive. Snap anticipates a slight slowdown in net sequential user adds from ~15 million to ~10 million. To be expected heading into easing lockdowns. In addition, in spite of the continued high spending on Spotlight, Snap is guiding very nicely for its EBITDA trajectory. iOS changes remain a short to medium term risk. And while it is a risk, it is also factored into the guide. If this risk doesn't materialize, I would fully expect Snap to take out the top end of its revenue guidance.\nOne thing I would like to acknowledge here now that I've gone through my biggest points in the prepared remarks is this: I'm not touching on every single thing in this call. Management gives even more color. \n\nSo it was more difficult to kind of perfectly execute this verticalization and specialist in terms of different vertical, measurement specialists or marketing specialists or communication specialists by vertical. But I think what's so exciting about the opportunity is that we now know the playbook. You're seeing it show up in our strong results in North America. And so we are going to replicate it in Europe and the rest of the world and those investments we were talking about to accelerate our growth internationally. - Jeremi Gorman\n\nOne of the key drivers of Snap's results when it comes to ARPU growth in the North American geography has been fleshing out an effective sales team. If you paid close attention to the 1Q print, you might have noticed that ARPU was actually negative y/y in the ROW segment. This has caused a bit of concern, though in this case it is likely because ARPU is a mostly output metric in Snap's developing markets. Nevertheless, Snap now knows the gameplan to effectively scaling up the monetization of their platform domestically. They can begin to implement those types of investments internationally and scale monetization there too.\n\nBut if you get into the second half, those comps are going to look a little bit more like what we saw in Q1. So obviously, they're a little tougher. We feel good about the results we put up in Q1 on relatively tougher comps. - Derek Andersen\n\nThis comment from management relates to a question asked by an analyst on tougher 2H comps. Snap is saying that the back half comps are probably going to look a lot like the Q1 comps. These comps will be a little more difficult than the Q2 comp, since Q2'20 was damaged by Covid's effect on the ad industry. That said, this comment could be insinuating that they are anticipating similar growth in 2H as they saw in Q1.\n\nRight now, what we're really focused on is making the investments in our sales and sales support to build on the momentum. We like what we're seeing on the active advertiser growth. We're liking what we see on the upfront commitments and we're focused on delivering the return on ad spend, investing in our optimization capabilities so that we can deliver return on ad spend for those advertising partners just to continue to build on the momentum we're seeing.\n\n\nLook, while we're excited about the momentum that we're seeing there on the Spotlight side, it's early there. We're really excited about the product and the momentum. In terms of the need to open that up to advertising, I think we continue to be more demand constrained than supply constrained. So, we're going to continue to focus on improving the experience for our Snapchatter community and for creators in the near term, and we've got lots of room to grow the top line in the areas that we're already monetizing today over the near term. Thanks for the question. - Derek Andersen\n\nAgain, another long blurb, but let's break it down. Snap is prioritizing making investments in its sales team to continue building up growth in their advertiser count. This strategy of investing in the sales team has been working in terms of bringing new advertisers in and increasing advertiser commitments. Then, turning to Spotlight, we get a little bit of discouraging/bearish commentary. While management loves the engagement they are seeing on the Spotlight section of the platform, investors should expect Snap to play the long game with this one. Spotlight is definitely intriguing, but do not expect near-term boosts in monetization from this part of the platform. Spotlight will take time to bear any real fruit.\n\nWe are really focused on helping our advertisers make the transition to the best possible measurement and optimization tools smoothly. The change happened later than we expected, which gave us a lot of time to prepare and SKAdNetwork is one part of that. So, we're really pleased to see that advertisers that represent the majority of our direct response revenue have implemented it so far. But we know that there's a lot of work to be done to transition smoothly. - Derek Andersen\n\nAgain, one of Snap's biggest headline risks has been updating their tracking, targeting, and optimization for the IDFA-adjusted era. Snap has had time to work with advertising partners to implement the new tools given to them (by Apple) and work through any air pockets in ad pricing. While we haven't seen these changes come fully into effect yet, meaning there is still an element of uncertainty there, Snap has worked to make the platform advertiser-friendly, and everything seems fine right now.\nOverall it was very hard to not like what Snap had to say this quarter. Everything exceeded expectations, and some IDFA worries were pushed aside, or at least eased. This was a great quarter.\nLong-Term Narrative: Numerous Paths To Hypergrowth and Mega Margins\nShort-term, the story looks great. But let's look at the long-term narrative. That's what's most important after all.\n\nI've broken down the long-term bull case on Snap many times during my tenure here atSeeking Alpha. I've covered the company publicly and privately since its IPO in March of 2017. I've been long, short, and everything in between. I can tell you with confidence, that the narrative has never looked as strong with Snap fundamentally as it does right now.\nThe narrative is years of ~50%+ revenue growth to come, high margins, fiscal responsibility, and eventually, high levels of profitability. Let me break out why this narrative is so plausible, and why the stock, even at today's levels, is enticing.\nLooking At Snap Like a Software Stock\nIn order to better understand the value in Snap, we should look at the business like a SaaS (software as a service) stock. Excluding the last couple of months, SaaS has been one of the biggest outperforming subsectors of the overall tech sector. Software stocks have garnered the highest multiples and frothiest valuations in the world and it can all be boiled down to these points:\n\nTAM (total addressable market)\nA disruptive and leading product (or go to market strategy)\nNumerous levers for high, sustained growth\nHigh long-term margin profile\nRule of 40 (more on that in a bit)\nnarrative optionality (bonus points)\n\nNow, there have been some duds in the software business. That said, the valuations being afforded to software stocks that check these five boxes are among the highest on Wall Street. Just look here.\nData by YCharts\nThese are just a few names in a huge basket of highly valued software stocks that trade at nosebleed valuations. Why do investors hand out such high valuations? It's simple. These companies check all the aforementioned boxes. Snap is no different. Where are they trading though?\nData by YCharts\nThey're trading like a name that is at the middle of this growth pack, not at the front of it. I'm going to make the case for Snap to be at the front of this pack, or at least towards the front. Let's go through the five points (and the sixth bonus) to determine if Snap belongs towards the head, rather than the tail.\nThe first point is TAM. TAM is an acronym for total addressable market. Essentially, a business' TAM is its long-term market opportunity. Snap's TAM is massive, and quickly growing at that. Snap's TAM is among the largest out of all the aforementioned \"software\" stocks. Snap estimates that the global digital advertising market did ~$339 billion in business last year, and is expected to scale towards ~$543 billion by 2024. So, not only is Snap operating in amassivemarket, they're operating in a dynamic market. A market that in and of itself is growing rapidly. Some TAMs are relatively static. Digital advertising is not so. So, Snap checks the first box of having a massive TAM.\nThe second point is having a disruptive product. Having a large market is great, but if you can't capture meaningful market share with a great product, then the size of said market is irrelevant. Fortunately for Snap, they have a great product. The product that they are selling, is the attention span and purchasing decisions of the most influential purchasers in the world: Gen Z and Millennials. Snap has a lock on these users. Why? Because through years of R&D spend and product rollout, Snap has built an ecosystem that is worth more than any one of the app's features. If Facebook copies a key part of Snap's ecosystem, it doesn't really matter anymore. Snap has the loyalty of its users now. More importantly however, they have carved out a niche in advertising. From an ad platform sophistication standpoint, Snap is on par with the top ad platforms (see slide 33), and they continue to invest in innovative ad formats, giving advertisers choice. Lenses, Commercials, Stories, Spotlight. These are all products that Snap will begin advertising against, giving advertisers different choices as to how they want to reach this coveted demographic. Snap has built out a differentiating product for advertisers, now they just need to iterate on it to see the fruits of their labors come out at scale. Snap checks this box exceptionally well.\nThe third point is having numerous growth levers. If the growth runs \"dry\" so to speak in one part, can Snap quickly transition to juicing growth with another aspect of their business? Yes, they absolutely could. You know, the interesting thing is, Snap's Investor Day commentary of numerous years of 50%+ revenue growth is on their current ad product pipeline. This pipeline is mostly their Commercials product on the Discover page and Stories ads. At least, that seems to be the bread and butter of their ad business. Snap hasn't fully tapped into either of these products fully yet, and yet they are able to drive years of 50%+ revenue growth alone? That's unreal, and considering the fact that Snap also has Snap Map, Spotlight, and AR lens ads/experiences, they have more than enough levers to drive growth higher.\n\nFourth is margins. When I talk about long-term margins, I mean both gross margins and operating margins. With gross margins, I can see Snap between 75-90% long-term (5yrs+). Why? The bulk of their long-term COGS will likely come from infrastructure expenses (i.e. hosting and cloud contracts with GCP and AWS). Hosting costs go up not with ad pricing/ARPU, but with engagement. The more a user engages with an app, then theoretically, the more it costs to host, and the more they are charged on their cloud bill. The thing is, if Snap can seriously crank up ARPU, then COGS would fall in line, because COGS doesn't really correlate with ARPU. This could enable incredibly high margins as infrastructure spend stabilizes while ARPU skyrockets. Some may point out Snap's rising content costs when it comes to Spotlight. The important thing to note is, while Snap is investing heavily upfront to develop a critical mass of engagement, once the ball really starts rolling, they can pull back on spend. Why? Because from then on engagement on the Spotlight part of the platform will be organic.\nNow when it comes to operating margins, I expect a premium there as well. Snap will always be a big SG&A spender and R&D spender. Using stock based compensation is a great tool for morale and building the business, especially when it comes to Snap trying to scale its global sales team. This sales team is critical to onboarding new international advertisers and (the holy grail) small business advertisers. Expect SG&A to continue rising over the coming years as Snap expands its attack opportunity. R&D is critical as well. R&D is what spurs innovation, which is what keeps the platform sticky for both users and advertisers. In social media, retention and growth are the key. R&D is necessary to keep both. That being said, I still expect best in class operating margins relative to other social media platforms. Why? Snap lacks content moderation expenses. You see, the thing that has been weighing on the margins of Facebook and Twitter (NYSE:TWTR) in particular has been high expenses relating to moderating content on platform. Snapchat, for the most part, is free of this content. They don't have to worry about the costs associated with building a moderation team or building out content moderation algorithms. This is huge, as the key reason for Facebook's contracting margins has been content moderation. Snap, in lacking these expenses, has an opportunity for even larger margins.\nThe fifth point, tying it all together, is the Rule of 40. For seasoned software investors, the Rule of 40 is a key tool in evaluating how much slack to cut a stock valuation-wise. If you don't know what it is, don't worry I'll explain. The Rule of 40 is simple: Take your revenue growth rate and add it to your cash flow margin (or profit margin). If this net number is above 40%, then investors generally tend to turn a blind eye or at least cut the company some slack valuation wise. Let's run a hypothetical example just so we understand better.\nCompany A has revenue growth of 25%, and a cash flow margin of 5%. Combined, Company A's rev. growth + cf margin is 30%, which is less than the Rule of 40.\nLet's apply this to Snap's numbers as of Q1. Snap saw revenue growth of 66% Y/Y against a fair comp. Their free cash flow margin in Q1 was ~16%. This means Snap more thandoublesthe rule, coming in at 82%, putting them in the top echelon of growth software names.\nAnd finally, the cherry on top, is Snap's optionality. Snap has massive room to expand in the advertising vertical alone, but wait, there's more. On top of the enormous upside of Snap's advertising business, the company has left room for aggressive expansion elsewhere. Whether it be gaming, eCommerce, or augmented reality hardware, Snap has just begun to open doors to more potential markets to juice up long-term growth.\nWith all this said, I am fine with paying almost any multiple on this company's stock because of all the things it has going for it.\nValuation\nThis brings us to my formal valuation of the stock. I value Snap by doing a 2030 buildout of the business, assignment of a fair multiple, and discounting back with WACC (weighted average cost of capital). Let's start with the underlying business assumptions:\n\nDAUs of ~550M\nARPU of $55.38/DAU\nRevenue of~$30.457B\nGross Margin of 83.7%\nOpEx of $10.17B\nTax Rate of 25%\nShare Count (current) of 1.519B\nEPS of$7.57\n\nI have an internal model that I run for the valuation that goes into more depth than just these numbers. That being said, I'm choosing to keep the in-depth model private for now.\nNow, let's choose the multiple. I've been going with a 4% earnings yield, a significant premium to the 10 year bond to reflect the risk-on nature of the asset. Still, 4% EPS yield is a 25x earnings multiple. 25x $7.57 in EPS gets a 2030 exit value of ~$189.17/share.\nFinally, and possibly most importantly, what is the rate at which we discount the 2030 valuation? Interestingly, while the market (growth stocks in particular) has gotten more choppy of late, equity risk premiums have actually trended down. In addition, interest rates, which triggered the drawdown in growth stock valuations have actually been stabilizing lately. All the while, Snap's actual beta has been winding down a bit. I've calculated a discount rate based on a beta of 1.4 (per Infront Analytics) of ~7.5%. So, discounting back by 7.5% per year to YE'2022, we get to a price target of $101.39/share, which I've decided to round down to $100. Therefore, my price target at this time remains $100.\nRisks\nNo stock fully lacks risk. While I believe Snap is a relatively risk-off name, there are some things I want to point out.\n\nshort term valuation remains high\npotential for prolonged IDFA drag\nexecution risk\nneed to take SMB exposure from the bigger competitors\n\nThe first risk is the most pronounced one. While I believe the valuation is more than warranted where it is, I also acknowledge that at ~16x next year's sales, there isn't much margin for error. If things go awry anywhere in the Snap narrative, the valuation has basically no cushion at this point.\nThe next risk is the potential for Apple's iOS changes to have a dragging effect on ARPU over the short to long term. While Snap has done a great job migrating advertisers towards SKAdNetwork, I wouldn't rule anything out yet in terms of ARPU stagnating short-term while advertisers worry about lessened targeting. If IDFA changes do hit Snap's ARPU, then I wouldn't be surprised to see a massive drawdown in the stock, as the valuation (as mentioned earlier) is very high still.\nThe third risk is simply execution. Can Snap execute on their vision for years of 50%+ revenue growth? Well, after a few years of solid results in every facet: user growth, monetization, cost controls, etc., I have my faith in management. That being said, if anything goes awry, then take cover.\nAnd the final risk is an inability to attract SMBs to Snap's advertising platform. Small and medium size businesses are the bread and butter of Facebook's ad revenue. Without high small business exposure, Facebook would not be anywhere close to as big as it is today. Snap has found itself in the difficult position of needing to grab share in these small businesses from Facebook in order to scale revenues. By differentiating their product and giving advertisers access to a coveted demographic, I believe they can take the necessary market share from Facebook to scale into the numbers I model out.\nConclusion\nSnap delivered an incredible Q1 report, with great commentary and outlook for Q2 and beyond. The company is a top-tier growth stock with incredible long-term margin potential because of their improving cost structure. The momentum building in Snap's business will eventually be reflected in stock price action. Since it hasn't yet, I continue to rate Snap at Buy with a $100 price target.","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372394990,"gmtCreate":1619175357210,"gmtModify":1704720790481,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/372394990","repostId":"1143062408","repostType":4,"repost":{"id":"1143062408","kind":"news","pubTimestamp":1619162341,"share":"https://ttm.financial/m/news/1143062408?lang=&edition=fundamental","pubTime":"2021-04-23 15:19","market":"sg","language":"en","title":"Singapore Names Wong as New Finance Minister in Cabinet Shake-Up","url":"https://stock-news.laohu8.com/highlight/detail?id=1143062408","media":"Bloomberg","summary":"Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his ","content":"<p>Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.</p>\n<p>The appointment follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’sstepping asideas the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition, leaving the party to seek a successor among its younger leaders before the next election due by 2025.</p>\n<p>Since founding father Lee Kuan Yew relinquished power some three decades ago, Singapore’s politics have been so well choreographed and predictable that they’re often joked about as dull. Local markets barely budged on Heng’s announcement earlier this month that he was stepping out of the running. Analysts have said they expect Singapore to remain politically stable.</p>\n<p>Though no clear successor to Lee was identified Friday, the finance minister selection could be a signal of who among the party’s “fourth-generation” leaders ultimately might be positioned for the top job. Heng was named finance chief in 2015 and added the&nbsp;deputy prime minister role&nbsp;to his portfolio in 2019. Lee himself was also finance minister previously, though his predecessor Goh Chok Tong didn’t hold that role.</p>\n<p><b>Covid Leadership</b></p>\n<p>Wong, 48, has seen his profile rise as co-chair of the government task force for fighting Covid-19. His role as second minister for finance provided a smooth path to the ministry’s top job.</p>\n<p>“Lawrence has been assisting Swee Keat as Second Minister since 2016, so he has the experience, and is a natural fit for the job,” Prime Minister Lee said at a briefing Friday.</p>\n<p>Known for a no-nonsense speaking manner, Wong played a critical role in helping to bring the pandemic under control in Singapore, with measures such as mandatory mask-wearing and strict social gathering rules.</p>\n<p>Before his appointment as minister of education and second minister of finance after last year’s election, he also oversaw a closely-watched property sector as minister for national development.</p>\n<p>Wong began his career as a civil servant, later serving as chief executive of the&nbsp;Energy Market Authority&nbsp;and as principal private secretary to Lee.</p>\n<p>Here are other changes to the cabinet, with the appointments taking effect on May 15, according to a statement:</p>\n<ul>\n <li>Gan Kim Yong will be trade and industry minister</li>\n <li>S. Iswaran will be transport minister</li>\n <li>Chan Chun Sing will be education minister</li>\n <li>Ong Ye Kung will be health minister</li>\n <li>Josephine Teo will be communications and information minister, and continue as second minister for home affairs</li>\n <li>Tan See Leng will be manpower minister</li>\n</ul>","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>Singapore Names Wong as New Finance Minister in Cabinet Shake-Up</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\">\nSingapore Names Wong as New Finance Minister in Cabinet Shake-Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 15:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.\nThe appointment follows Deputy ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-04-23/singapore-names-wong-finance-minister-in-cabinet-shake-up-cna?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143062408","content_text":"Lawrence Wong was named Singapore’s next finance minister in a cabinetreshuffleFriday, boosting his prominence as the city-state reboots its leadership transition plan.\nThe appointment follows Deputy Prime Minister Heng Swee Keat’s surprise announcement about two weeks ago that he’sstepping asideas the designated successor to Prime Minister Lee Hsien Loong within the People’s Action Party, which has led the country since independence. That forced changes to the long-telegraphed transition, leaving the party to seek a successor among its younger leaders before the next election due by 2025.\nSince founding father Lee Kuan Yew relinquished power some three decades ago, Singapore’s politics have been so well choreographed and predictable that they’re often joked about as dull. Local markets barely budged on Heng’s announcement earlier this month that he was stepping out of the running. Analysts have said they expect Singapore to remain politically stable.\nThough no clear successor to Lee was identified Friday, the finance minister selection could be a signal of who among the party’s “fourth-generation” leaders ultimately might be positioned for the top job. Heng was named finance chief in 2015 and added the deputy prime minister role to his portfolio in 2019. Lee himself was also finance minister previously, though his predecessor Goh Chok Tong didn’t hold that role.\nCovid Leadership\nWong, 48, has seen his profile rise as co-chair of the government task force for fighting Covid-19. His role as second minister for finance provided a smooth path to the ministry’s top job.\n“Lawrence has been assisting Swee Keat as Second Minister since 2016, so he has the experience, and is a natural fit for the job,” Prime Minister Lee said at a briefing Friday.\nKnown for a no-nonsense speaking manner, Wong played a critical role in helping to bring the pandemic under control in Singapore, with measures such as mandatory mask-wearing and strict social gathering rules.\nBefore his appointment as minister of education and second minister of finance after last year’s election, he also oversaw a closely-watched property sector as minister for national development.\nWong began his career as a civil servant, later serving as chief executive of the Energy Market Authority and as principal private secretary to Lee.\nHere are other changes to the cabinet, with the appointments taking effect on May 15, according to a statement:\n\nGan Kim Yong will be trade and industry minister\nS. Iswaran will be transport minister\nChan Chun Sing will be education minister\nOng Ye Kung will be health minister\nJosephine Teo will be communications and information minister, and continue as second minister for home affairs\nTan See Leng will be manpower minister","news_type":1},"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"content":"Please comment for rewards!","text":"Please comment for rewards!","html":"Please comment for rewards!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":131813235,"gmtCreate":1621844584927,"gmtModify":1704363174325,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/131813235","repostId":"1146017349","repostType":4,"repost":{"id":"1146017349","kind":"news","pubTimestamp":1621843320,"share":"https://ttm.financial/m/news/1146017349?lang=&edition=fundamental","pubTime":"2021-05-24 16:02","market":"us","language":"en","title":"ZipRecruiter Is Going Public This Month. What to Know.","url":"https://stock-news.laohu8.com/highlight/detail?id=1146017349","media":"Barrons","summary":"ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The o","content":"<p>ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.</p><p>The online employment marketplace said it would make its debut on the New York Stock Exchange “on or about May 26, 2021,” a prospectus said. It will trade under the symbol ZIP.</p><p>ZipRecruiter itself is not selling shares with the offering and will not receive proceeds from the direct listing. Instead, its shareholders will offer up to 86,598,896 shares of Class A common stock for resale, according to the document.</p><p>ZipRecruiter will be the third company this year to use a direct listing to go public:Coinbase(ticker: COIN), a cryptocurrency exchange, used the method&nbsp;to list its shares in April on the Nasdaq, after the gaming platform&nbsp;Roblox(RBLX) did so for its March&nbsp;debut on the NYSE. (Squarespace, a website design company,has also filed to go public&nbsp;via a direct listing on the NYSE, but has yet to set a trading date.)</p><p>Companies mainly use direct listings because they’re cheaper than traditional IPOs and allow shareholders to sell their stock to the public without intermediaries. In a traditional IPO, a company sells shares and uses an investment bank or banks to underwrite the deals. But in a direct listing, a bank or banks typically work as financial advisors for the company going public.</p><p>ZipRecruiter has lined up six investment banks—Goldman Sachs(GS),JPMorgan Chase(JPM), Barclays Capital,Evercore Group(EVR), William Blair and Raymond James—to advise on the upcoming offering. However, only Goldman and&nbsp;JPMorgan Chase&nbsp;will consult with a&nbsp;designated market maker to set ZipRecruiter’s opening price.</p><p>Direct listings typically do not include lockups, which prevent shareholders from selling for a certain period of time. ZipRecruiter stockholders, similarly, will be able to selltheir shares as soon as the company lists later this month.</p><p>In a traditional IPO, a company will have a roadshow where the management team&nbsp;makes presentations to institutional investors&nbsp;to create interest in the stock. Direct listings have replaced the roadshow with the investor day, when investors typically learn about a company going public via a webcast meeting. ZipRecruiter is&nbsp;hosting its investor day&nbsp;on May 10.</p><p>Founded in 2010, ZipRecruiter is an employment marketplace for people looking for work and businesses seeking employees. More than 2.8 million businesses have used ZipRecruiter to find an employee while&nbsp;110 million jobseekers have sought employment on the site, the filing said. The company became profitable in 2020, reporting $86 million in income from $6.3 million in losses in 2019. Revenue droppednearly 3% to $418 million in 2020, the prospectus said.</p><p>ZipRecruiter has raised $219 million in funding, according to&nbsp;Crunchbase. This includes&nbsp;a $156 million round in 2018&nbsp;co-led by Wellington Management Company and Institutional Venture Partners, or IVP. IVP owns the biggest chunk of ZipRecruiter’s voting power—21.1%.</p><p>Several shareholders have registered their class A common stock, which they may or may not sell via the direct listing, the prospectus said. IVP has registered about 22.7 million Class A shares, while Wellington is offering roughly 1.9 million shares. ZipRecruiter CEO Ian Siegel has put up 10.5 million Class A shares.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ZipRecruiter Is Going Public This Month. What to Know.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZipRecruiter Is Going Public This Month. What to Know.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-24 16:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The online employment marketplace said it would make its debut on the New York Stock Exchange “on or ...</p>\n\n<a href=\"https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ZIP":"ZipRecruiter Inc."},"source_url":"https://www.barrons.com/articles/ziprecruiter-direct-listing-what-to-know-51619903652?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146017349","content_text":"ZipRecruiter, the latest company to file for a direct listing, has set a date for its offering.The online employment marketplace said it would make its debut on the New York Stock Exchange “on or about May 26, 2021,” a prospectus said. It will trade under the symbol ZIP.ZipRecruiter itself is not selling shares with the offering and will not receive proceeds from the direct listing. Instead, its shareholders will offer up to 86,598,896 shares of Class A common stock for resale, according to the document.ZipRecruiter will be the third company this year to use a direct listing to go public:Coinbase(ticker: COIN), a cryptocurrency exchange, used the method to list its shares in April on the Nasdaq, after the gaming platform Roblox(RBLX) did so for its March debut on the NYSE. (Squarespace, a website design company,has also filed to go public via a direct listing on the NYSE, but has yet to set a trading date.)Companies mainly use direct listings because they’re cheaper than traditional IPOs and allow shareholders to sell their stock to the public without intermediaries. In a traditional IPO, a company sells shares and uses an investment bank or banks to underwrite the deals. But in a direct listing, a bank or banks typically work as financial advisors for the company going public.ZipRecruiter has lined up six investment banks—Goldman Sachs(GS),JPMorgan Chase(JPM), Barclays Capital,Evercore Group(EVR), William Blair and Raymond James—to advise on the upcoming offering. However, only Goldman and JPMorgan Chase will consult with a designated market maker to set ZipRecruiter’s opening price.Direct listings typically do not include lockups, which prevent shareholders from selling for a certain period of time. ZipRecruiter stockholders, similarly, will be able to selltheir shares as soon as the company lists later this month.In a traditional IPO, a company will have a roadshow where the management team makes presentations to institutional investors to create interest in the stock. Direct listings have replaced the roadshow with the investor day, when investors typically learn about a company going public via a webcast meeting. ZipRecruiter is hosting its investor day on May 10.Founded in 2010, ZipRecruiter is an employment marketplace for people looking for work and businesses seeking employees. More than 2.8 million businesses have used ZipRecruiter to find an employee while 110 million jobseekers have sought employment on the site, the filing said. The company became profitable in 2020, reporting $86 million in income from $6.3 million in losses in 2019. Revenue droppednearly 3% to $418 million in 2020, the prospectus said.ZipRecruiter has raised $219 million in funding, according to Crunchbase. This includes a $156 million round in 2018 co-led by Wellington Management Company and Institutional Venture Partners, or IVP. IVP owns the biggest chunk of ZipRecruiter’s voting power—21.1%.Several shareholders have registered their class A common stock, which they may or may not sell via the direct listing, the prospectus said. IVP has registered about 22.7 million Class A shares, while Wellington is offering roughly 1.9 million shares. ZipRecruiter CEO Ian Siegel has put up 10.5 million Class A shares.","news_type":1},"isVote":1,"tweetType":1,"viewCount":850,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570063321997588","authorId":"3570063321997588","name":"hitithard","avatar":"https://static.tigerbbs.com/309ce7b357018aa7b946332c2fe8725c","crmLevel":6,"crmLevelSwitch":0,"idStr":"3570063321997588","authorIdStr":"3570063321997588"},"content":"Comment on my comment","text":"Comment on my comment","html":"Comment on my comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":101927183,"gmtCreate":1619838686042,"gmtModify":1704335604597,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/101927183","repostId":"1142063705","repostType":4,"repost":{"id":"1142063705","kind":"news","pubTimestamp":1619796118,"share":"https://ttm.financial/m/news/1142063705?lang=&edition=fundamental","pubTime":"2021-04-30 23:21","market":"us","language":"en","title":"Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142063705","media":"CNBC","summary":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t t","content":"<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.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>Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.</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\">\nEurope's antitrust crackdown on Apple hints at what's coming for the company in the U.S.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1142063705","content_text":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.\nBut when the EU competition policy chief Margrethe Vestagerannounced Friday a preliminary findingthatApplehas abused its dominant power in the distribution of streaming music apps, the U.S. finally seems poised to move in a similar direction.\n“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t think they should have to pay anything for that,” by choosing to object to its 15-30% commission on in-app payments for streaming apps.\nApple isn’t currently facing any antitrust charges from government officials in the U.S. and such a lawsuit may never materialize, though the Department of Justice wasreportedly granted oversight of the company’s competitive practices in 2019. But even if the government declines to press charges, recent actions in Congress, state legislatures and in private lawsuits demonstrate a significant shift in the American public’s sentiment toward Apple and the tech industry at large.\nWhen the commissionslapped its first record competition fineagainstGooglein 2017, it wasn’t yet clear that the U.S. might be ready to move on from its once-cozy relationship with its booming tech industry. But in 2018, on the heels of the revelations of howFacebookuser data was used by analytics company Cambridge Analytica during the 2016 election, and increasing questions about how tech platforms can impact American democracy, that seemed to change.\nNow, as Europe continues to move forward with its probe into Apple, the U.S. no longer seems to be so far behind.\nHere’s where Apple stands to face risk of antitrust action or regulation in the U.S.:\nDOJ\nThe DOJ has already moved forward with a massive lawsuit against Google, so it could take some time if it decides to ramp up a probe into Apple. Though the DOJ’s Antitrust Division took on oversight authority of Apple in a 2019 agreement with the FTC, according to aWall Street Journal report, the Google investigation has seemed to take priority.\nStill, then-Attorney General Bill Barr announced later that year that the DOJ wouldconduct a broad antitrust review of Big Tech companies.\nAny action from the DOJ or state enforcers would take the form of a settlement or lawsuit, which would put Apple’s fate in the hands of the courts.\nPrivate lawsuits\nApple’s most immediate challenge in the U.S. has come from private companies bringing antitrust charges against its business in court.\nThe most notable of these lawsuits isfrom Fortnite-maker Epic Games, which is set to begin its trial on Monday. Epic filed its lawsuit with a PR blitz afterchallenging Apple’s in-app payment feeby advertising in its app an alternative, cheaper way to buy character outfits from Epic directly, violating Apple’s rules. That prompted Apple to remove Fortnite from its App Store. Epic filed the suit shortly after and Applefiled counterclaimsagainst Epic for allegedly breaching its contract.\n“Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple said in a filing with the District Court for the Northern District of California in September.\nCongress\nJust last week,several app-makers testified before the Senate Judiciary subcommittee on antitrust about the alleged anti-competitive harms they’ve facedfrom restrictions on both Apple and Google’s app stores.\nRepresentatives from Apple and Google told lawmakers they simply charge for the technology and the work they put into running the app stores, which have significantly lowered distribution costs for app developers over the years.\nBut witnesses from Tinder-ownerMatch Group, item-tracking device-maker Tile and Spotify painted a different picture.\n“We’re all afraid,” Match Group chief legal officer Jared Sine testified of the platforms’ broad power over their businesses.\nThe witnesses discussed the seemingly arbitrary nature by which Apple allegedly enforces its App Store rules. Spotify’s legal chief claimed Apple has threatened retaliation on numerous occasions and Tile’s top lawyer said Apple denied access to a key feature that wouldimprove their object-tracking product, before utilizing it for Apple’s own rival gadget,called AirTag.\nTile said that while Apple now makes the feature available for third-party developers to incorporate, accessing it would mean handing over a significant amount of data and control to Apple. Apple’s representative said its product is different from Tile’s and opening the feature in question will encourage further competition in the space.\nSenators at the hearing seemed receptive to the app developers’ complaints, which build on earlier claims made before House lawmakers. The House Judiciary subcommittee on antitrust found in a more than year-long probe thatAmazon, Apple, Facebook and Googleall hold monopoly power, and lawmakers are currently crafting bills to enable stronger antitrust enforcement of digital markets.\nState Legislatures\nSeveral state legislatures have beenconsidering bills that would require platforms like Apple and Google to allow app-makers to use their own payment processing systems. While the bills have so far hadvarying degrees of successin the early stages of lawmaking, passage in one state could raise a host of questions about how it should be enforced given the ambiguous nature of digital borders.\nThe bills have been supported by the Coalition for App Fairness, a group of companies that have complained about app store fees, including Epic Games, Match Group and Spotify.\nApple has often argued that it maintains features like payments within its own ecosystem in order to protect consumers and secure their data, though app developers and lawmakers have expressed skepticism about that reasoning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":109511648,"gmtCreate":1619704609584,"gmtModify":1704728333330,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/109511648","repostId":"1142514248","repostType":4,"repost":{"id":"1142514248","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1619703451,"share":"https://ttm.financial/m/news/1142514248?lang=&edition=fundamental","pubTime":"2021-04-29 21:37","market":"us","language":"en","title":"U.S. cruise stocks rose across the board","url":"https://stock-news.laohu8.com/highlight/detail?id=1142514248","media":"Tiger Newspress","summary":"U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mi","content":"<p>U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.</p><p>Carnival Corp&nbsp;gained 4.6%, while Royal Caribbean&nbsp;rose 4.8%and Norwegian Cruise Line&nbsp;jumped 6.6%.</p><p><img src=\"https://static.tigerbbs.com/2392c6467f6840b9466558d03fbcff61\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p></p><p>Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.</p><p>Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the&nbsp;CDC's Framework for Conditional Sailing Order, according to aUSA&nbsp;Today report,which cites a letter from the CDC to cruise lines.</p><p>\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"&nbsp;&nbsp;CDC spokesperson Caitlin Shockey told USA Today.</p><p>Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.</p><p>\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"</p><p>Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"</p><p>Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. cruise stocks rose across the board</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. cruise stocks rose across the board\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-29 21:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.</p><p>Carnival Corp&nbsp;gained 4.6%, while Royal Caribbean&nbsp;rose 4.8%and Norwegian Cruise Line&nbsp;jumped 6.6%.</p><p><img src=\"https://static.tigerbbs.com/2392c6467f6840b9466558d03fbcff61\" tg-width=\"478\" tg-height=\"185\" referrerpolicy=\"no-referrer\"></p><p></p><p>Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.</p><p>Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the&nbsp;CDC's Framework for Conditional Sailing Order, according to aUSA&nbsp;Today report,which cites a letter from the CDC to cruise lines.</p><p>\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"&nbsp;&nbsp;CDC spokesperson Caitlin Shockey told USA Today.</p><p>Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.</p><p>\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"</p><p>Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"</p><p>Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NCLH":"挪威邮轮","CCL":"嘉年华邮轮","RCL":"皇家加勒比邮轮"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142514248","content_text":"U.S. cruise stocks rose across the board.Cruise ships gain after CDC says cruises could resume in mid July.Carnival Corp gained 4.6%, while Royal Caribbean rose 4.8%and Norwegian Cruise Line jumped 6.6%.Cruise line stocks are higher in premarket trading after reports that cruises could restart in mid-summer, according to a Centers for Disease Control and Prevention notice.Cruises could begin passenger voyages from the U.S.. in mid-July, depending on cruise lines' pace and compliance with the CDC's Framework for Conditional Sailing Order, according to aUSA Today report,which cites a letter from the CDC to cruise lines.\"CDC looks forward to continued engagement with the industry and urges cruise lines to submit Phase 2A port agreements as soon as possible to maintain the timeline of passenger voyages by mid-July,\"  CDC spokesperson Caitlin Shockey told USA Today.Royal Caribbean CEO Richard Fain said on the company's earnings call that he was pleased by the CDC communication he received last night.\"Last night, the CDC issued multiple very constructive clarifications and amplifications of its conditional sail order.\" Fain said. \"They've addressed many of the items that concerned us in the order, in a manner that takes into account the recent advances in vaccines and medical science. We believe that this communication really helps us to see a clear and achievable pathway forward to a safe and healthy cruising in the near future.\"Fain added \"We now have high hopes that if these details can be resolved quickly, it could be possible to restart cruising by mid-July.\"Earlier,Royal Caribbean Cruises EPS beats by $0.17, beats on revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376166126,"gmtCreate":1619098439265,"gmtModify":1704719608689,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/376166126","repostId":"2129382428","repostType":4,"repost":{"id":"2129382428","kind":"highlight","pubTimestamp":1619098008,"share":"https://ttm.financial/m/news/2129382428?lang=&edition=fundamental","pubTime":"2021-04-22 21:26","market":"us","language":"en","title":"3 SPACs That Short-Sellers Are Targeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2129382428","media":"Motley Fool","summary":"Are these beaten-down SPACs ripe for a short squeeze?","content":"<p>It's certainly been a weird year to be a short-seller. Just ask anyone betting that selling physical video games out of retail stores during a deadly pandemic is a terrible business to be in. At the same time, the market for special-purpose acquisition companies (SPACs) has cooled significantly in recent months, with investors shunning speculative stocks fetching lofty valuations. Seeing an opportunity to capitalize on the downtrend, short-sellers have been piling on to push prices down even further.</p>\n<p>Short-sellers borrow stock and then sell it, hoping that it declines so that they can buy it back at a lower price in order to return the shares that were borrowed. Here are three companies -- that have already closed their SPAC mergers or are preparing to -- that the shorts have been targeting and have the highest short interest as a percentage of float, according to recent data from short-selling analytics specialist S3 Partners.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2354c7e6e4644581cb59037185538f1b\" tg-width=\"700\" tg-height=\"369\"><span>Image source: Getty Images.</span></p>\n<h2>Clover Health Investments: 28% of float</h2>\n<p>Venture capitalist and SPAC enthusiast Chamath Palihapitiya is credited with helping spur the SPAC boom, launching his first SPAC back in 2017. Medicare provider <b>Clover Health Investments </b>(NASDAQ:CLOV) went public after closing its merger with Social Capital Hedosophia III earlier this year and was promptly targeted by activist short-seller Hindenburg Research in February.</p>\n<p>The bearish investor released a damning report alleging that Clover Health engages in deceptive sales practices and was under investigation by the Department of Justice, which had not been disclosed to public shareholders when Palihapitiya was marketing the deal.</p>\n<p>Those allegations have attracted more shorts, and the high level of short interest has in turn attracted the attention of retail investors on Reddit's WallStreetBets forum, who often attempt to pile into heavily shorted stocks in an effort to create a short squeeze to generate gains.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c8cf685701495a657ce5eaf65f53de3f\" tg-width=\"700\" tg-height=\"338\"><span>Image source: SoFi.</span></p>\n<h2>Social Capital Hedosophia V: 23% of float</h2>\n<p>Incidentally, another Palihapitiya SPAC is also among the SPACs that have high short interest. <b>Social Capital Hedosophia V </b>(NYSE:IPOE) announced in January that it is taking fintech company Social Finance, known as SoFi, public in a deal that values the private start-up at $8.65 billion.</p>\n<p>With a relatively large revenue base, SoFi is a bit less speculative than many other SPACs. The company generated $621 million in adjusted net revenue in 2020, which is forecast to grow to $980 million this year. SoFi finished 2020 with nearly 1.9 million unique members.</p>\n<p>Years ago, SoFi was the subject of a sexual harassment scandal involving former CEO Mike Cagney, but the company largely put that in the past when it ousted Cagney and recruited former <b>Goldman Sachs </b>exec and <b><a href=\"https://laohu8.com/S/TWTR\">Twitter</a> </b>COO Anthony Noto to lead the fintech specialist in 2018.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a2cef326914858d8682e00440270373\" tg-width=\"700\" tg-height=\"474\"><span>Image source: Fisker.</span></p>\n<h2>Fisker: 17% of float</h2>\n<p>Founded by automotive design legend Henrik Fisker, <b>Fisker, Inc. </b>(NYSE:FSR) closed its merger with <a href=\"https://laohu8.com/S/SPAQ\">Spartan Energy Acquisition</a> late last year. Note that Fisker, Inc. is different from another eponymous company, Fisker Automotive, that Fisker (the person) started long ago. Fisker Automotive had attempted to release a plug-in hybrid electric vehicle (PHEV) called the Karma that flopped nearly a decade ago, pushing Fisker Automotive into bankruptcy.</p>\n<p>The new Fisker, Inc. is developing an electric SUV known as the Ocean, targeting a relatively more affordable price point than other EV start-ups. Ocean will start at around $37,499 <i>before </i>factoring in federal tax credits or other state incentives. The company is attempting a unique asset-light model where it outsources all production to automotive contract manufacturer <b>Magna</b>, which Fisker argues will lead to greater profitability over time by mitigating the capital intensity that the auto industry is notorious for. Ocean is expected to enter production in 2022.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 SPACs That Short-Sellers Are Targeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 SPACs That Short-Sellers Are Targeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-22 21:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/22/3-spacs-that-short-sellers-are-targeting/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's certainly been a weird year to be a short-seller. Just ask anyone betting that selling physical video games out of retail stores during a deadly pandemic is a terrible business to be in. At the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/3-spacs-that-short-sellers-are-targeting/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FSR":"菲斯克","CLOV":"Clover Health Corp"},"source_url":"https://www.fool.com/investing/2021/04/22/3-spacs-that-short-sellers-are-targeting/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129382428","content_text":"It's certainly been a weird year to be a short-seller. Just ask anyone betting that selling physical video games out of retail stores during a deadly pandemic is a terrible business to be in. At the same time, the market for special-purpose acquisition companies (SPACs) has cooled significantly in recent months, with investors shunning speculative stocks fetching lofty valuations. Seeing an opportunity to capitalize on the downtrend, short-sellers have been piling on to push prices down even further.\nShort-sellers borrow stock and then sell it, hoping that it declines so that they can buy it back at a lower price in order to return the shares that were borrowed. Here are three companies -- that have already closed their SPAC mergers or are preparing to -- that the shorts have been targeting and have the highest short interest as a percentage of float, according to recent data from short-selling analytics specialist S3 Partners.\nImage source: Getty Images.\nClover Health Investments: 28% of float\nVenture capitalist and SPAC enthusiast Chamath Palihapitiya is credited with helping spur the SPAC boom, launching his first SPAC back in 2017. Medicare provider Clover Health Investments (NASDAQ:CLOV) went public after closing its merger with Social Capital Hedosophia III earlier this year and was promptly targeted by activist short-seller Hindenburg Research in February.\nThe bearish investor released a damning report alleging that Clover Health engages in deceptive sales practices and was under investigation by the Department of Justice, which had not been disclosed to public shareholders when Palihapitiya was marketing the deal.\nThose allegations have attracted more shorts, and the high level of short interest has in turn attracted the attention of retail investors on Reddit's WallStreetBets forum, who often attempt to pile into heavily shorted stocks in an effort to create a short squeeze to generate gains.\nImage source: SoFi.\nSocial Capital Hedosophia V: 23% of float\nIncidentally, another Palihapitiya SPAC is also among the SPACs that have high short interest. Social Capital Hedosophia V (NYSE:IPOE) announced in January that it is taking fintech company Social Finance, known as SoFi, public in a deal that values the private start-up at $8.65 billion.\nWith a relatively large revenue base, SoFi is a bit less speculative than many other SPACs. The company generated $621 million in adjusted net revenue in 2020, which is forecast to grow to $980 million this year. SoFi finished 2020 with nearly 1.9 million unique members.\nYears ago, SoFi was the subject of a sexual harassment scandal involving former CEO Mike Cagney, but the company largely put that in the past when it ousted Cagney and recruited former Goldman Sachs exec and Twitter COO Anthony Noto to lead the fintech specialist in 2018.\nImage source: Fisker.\nFisker: 17% of float\nFounded by automotive design legend Henrik Fisker, Fisker, Inc. (NYSE:FSR) closed its merger with Spartan Energy Acquisition late last year. Note that Fisker, Inc. is different from another eponymous company, Fisker Automotive, that Fisker (the person) started long ago. Fisker Automotive had attempted to release a plug-in hybrid electric vehicle (PHEV) called the Karma that flopped nearly a decade ago, pushing Fisker Automotive into bankruptcy.\nThe new Fisker, Inc. is developing an electric SUV known as the Ocean, targeting a relatively more affordable price point than other EV start-ups. Ocean will start at around $37,499 before factoring in federal tax credits or other state incentives. The company is attempting a unique asset-light model where it outsources all production to automotive contract manufacturer Magna, which Fisker argues will lead to greater profitability over time by mitigating the capital intensity that the auto industry is notorious for. Ocean is expected to enter production in 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107615985,"gmtCreate":1620479922947,"gmtModify":1704344240762,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Boring weekends&nbsp;","listText":"Boring weekends&nbsp;","text":"Boring weekends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/107615985","isVote":1,"tweetType":1,"viewCount":210,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102119989,"gmtCreate":1620183461941,"gmtModify":1704339875533,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Hmm bear day?","listText":"Hmm bear day?","text":"Hmm bear day?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102119989","isVote":1,"tweetType":1,"viewCount":243,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371954464,"gmtCreate":1618905660358,"gmtModify":1704716648576,"author":{"id":"3568626113017315","authorId":"3568626113017315","name":"Sashiimi","avatar":"https://static.tigerbbs.com/cfb4827a74c92f32e435adf6eb295807","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3568626113017315","authorIdStr":"3568626113017315"},"themes":[],"htmlText":"Please like and comment for rewards!","listText":"Please like and comment for rewards!","text":"Please like and comment for rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/371954464","repostId":"2128689062","repostType":4,"repost":{"id":"2128689062","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":1618862511,"share":"https://ttm.financial/m/news/2128689062?lang=&edition=fundamental","pubTime":"2021-04-20 04:01","market":"us","language":"en","title":"Wall Street slips off record highs, Tesla drops after fatal crash","url":"https://stock-news.laohu8.com/highlight/detail?id=2128689062","media":"Reuters","summary":"Tesla falls after fatal crash, bitcoin slumpsGameStop shares jump as CEO exitsCoca-Cola rises as revenue beats estimates. NEW YORK, April 19  - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc    shares fell after a fatal car crash.The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Satu","content":"<ul><li>Tesla falls after fatal crash, bitcoin slumps</li><li>GameStop shares jump as CEO exits</li><li>Coca-Cola rises as revenue beats estimates</li></ul><p>NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc    shares fell after a fatal car crash.</p><p>The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.</p><p>The stock was the biggest drag on the S&amp;P 500    and Nasdaq Composite Index   . An 8.4% drop over the weekend in bitcoin   , in which Tesla has an investment, also weighed on its share price.</p><p>The S&amp;P 500 was mostly lower, with Microsoft Corp   , Amazon.com Inc    and Nvidia Corp    also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.</p><p>Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.</p><p>The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.</p><p>\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"</p><p>Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a>, raising a question mark over the $40 billion deal.</p><p>Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.</p><p>International Business Machines Corp   , another blue-chip company, slipped ahead of its results due after the market close.</p><p>\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"</p><p>Unofficially, the Dow Jones Industrial Average    fell 0.35% to end at 34,082.44 points, while the S&amp;P 500    lost 0.52% to 4,163.64.</p><p>The Nasdaq Composite dropped 0.98% to 13,914.77.</p><p>A recent retreat in benchmark 10-year Treasury yields&nbsp;from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&amp;P 500 and the Dow to record levels.</p><p>The S&amp;P 500 has gained the past four weeks, its longest winning streak since August 2020.</p><p>GameStop Corp    jumped on the announcement of its chief executive's resignation.</p><p>Crypto stocks including miners Riot Blockchain    and Marathon Digital    each slumped as bitcoin took a hammering.</p><p>Harley-Davidson Inc    jumped after the motorcycle maker raised it full-year forecast for sales growth.</p><p>(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)</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>Wall Street slips off record highs, Tesla drops after fatal crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street slips off record highs, Tesla drops after fatal crash\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\">2021-04-20 04:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Tesla falls after fatal crash, bitcoin slumps</li><li>GameStop shares jump as CEO exits</li><li>Coca-Cola rises as revenue beats estimates</li></ul><p>NEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc    shares fell after a fatal car crash.</p><p>The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.</p><p>The stock was the biggest drag on the S&amp;P 500    and Nasdaq Composite Index   . An 8.4% drop over the weekend in bitcoin   , in which Tesla has an investment, also weighed on its share price.</p><p>The S&amp;P 500 was mostly lower, with Microsoft Corp   , Amazon.com Inc    and Nvidia Corp    also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.</p><p>Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.</p><p>The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.</p><p>\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"</p><p>Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer <a href=\"https://laohu8.com/S/ARMH\">ARM Holdings</a>, raising a question mark over the $40 billion deal.</p><p>Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.</p><p>International Business Machines Corp   , another blue-chip company, slipped ahead of its results due after the market close.</p><p>\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.</p><p>\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"</p><p>Unofficially, the Dow Jones Industrial Average    fell 0.35% to end at 34,082.44 points, while the S&amp;P 500    lost 0.52% to 4,163.64.</p><p>The Nasdaq Composite dropped 0.98% to 13,914.77.</p><p>A recent retreat in benchmark 10-year Treasury yields&nbsp;from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&amp;P 500 and the Dow to record levels.</p><p>The S&amp;P 500 has gained the past four weeks, its longest winning streak since August 2020.</p><p>GameStop Corp    jumped on the announcement of its chief executive's resignation.</p><p>Crypto stocks including miners Riot Blockchain    and Marathon Digital    each slumped as bitcoin took a hammering.</p><p>Harley-Davidson Inc    jumped after the motorcycle maker raised it full-year forecast for sales growth.</p><p>(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HOG":"哈雷戴维森","HON":"霍尼韦尔",".IXIC":"NASDAQ Composite","NVDA":"英伟达","NFLX":"奈飞","TSLA":"特斯拉","IBM":"IBM","KO":"可口可乐",".SPX":"S&P 500 Index","GME":"游戏驿站","RIOT":"Riot Platforms","SLB":"斯伦贝谢","MARA":"MARA Holdings","INTC":"英特尔","JNJ":"强生","MSFT":"微软",".DJI":"道琼斯","AMZN":"亚马逊"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128689062","content_text":"Tesla falls after fatal crash, bitcoin slumpsGameStop shares jump as CEO exitsCoca-Cola rises as revenue beats estimatesNEW YORK, April 19 (Reuters) - U.S. stocks closed lower on Monday, slipping from last week's record levels, as investors awaited guidance from first-quarter earnings to justify high valuations, while Tesla Inc    shares fell after a fatal car crash.The electric-car maker fell after a Tesla vehicle believed to be operating without anyone in the driver's seat crashed into a tree on Saturday north of Houston, killing two occupants.The stock was the biggest drag on the S&P 500    and Nasdaq Composite Index   . An 8.4% drop over the weekend in bitcoin   , in which Tesla has an investment, also weighed on its share price.The S&P 500 was mostly lower, with Microsoft Corp   , Amazon.com Inc    and Nvidia Corp    also weighing on the benchmark index as analysts await results this week and next that form the bulk of earnings season.Corporate outlooks should indicate to what degree the rally from last year's lows can continue. Analysts expect first-quarter earnings to have grown 30.9% from a year ago, according to Refinitiv IBES data.The U.S. economy is poised to boom as consumers hold $2 trillion in savings in excess of what they held before the pandemic, said Doug Peta, chief U.S. investment strategist at BCA Research, adding markets are in pause mode.\"If indeed we do keep grinding higher that would be healthy, that would suggest that the grinding higher is sustainable,\" Peta said. \"The pullbacks along the way are healthy.\"Nvidia fell after the UK government said it would look into the national security implications of Nvidia's purchase of British chip designer ARM Holdings, raising a question mark over the $40 billion deal.Coca-Cola Co rose after the beverage maker trounced estimates for quarterly profit and revenue, benefiting from the easing of pandemic curbs and wide vaccine rollouts.International Business Machines Corp   , another blue-chip company, slipped ahead of its results due after the market close.\"The market has had a huge jump to the upside so it needs to take a little bit of rest,\" said Peter Cardillo, chief market economist at Spartan Capital Securities in New York.\"For now it's just a little bit of profit taking as traders await results from big tech names on Wall Street.\"Unofficially, the Dow Jones Industrial Average    fell 0.35% to end at 34,082.44 points, while the S&P 500    lost 0.52% to 4,163.64.The Nasdaq Composite dropped 0.98% to 13,914.77.A recent retreat in benchmark 10-year Treasury yields from 14-month highs has helped high-flying technology stocks to rebound, while strong economic data has lifted the S&P 500 and the Dow to record levels.The S&P 500 has gained the past four weeks, its longest winning streak since August 2020.GameStop Corp    jumped on the announcement of its chief executive's resignation.Crypto stocks including miners Riot Blockchain    and Marathon Digital    each slumped as bitcoin took a hammering.Harley-Davidson Inc    jumped after the motorcycle maker raised it full-year forecast for sales growth.(Reporting by Shivani Kumaresan and Medha Singh in Bengaluru; Editing by Shounak Dasgupta, Bernard Orr and Richard Chang)","news_type":1},"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}