TL3177 personal page - To The Moon

TL3177

TL3177

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2021-06-14

Trade wisely

A Meme Stock Is Born: How to Spot the Next Reddit Favorite

2021-03-29

????

ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits

2021-02-27

Careful

Gamestop And High Volatility Options

2021-02-22

Hmm interesting..

Sorry, the original content has been removed

2021-06-29

Let’s go tech stocks!

Sorry, the original content has been removed

2021-03-19

Interesting

New Electric Vehicle Investment Roadmap

2021-03-16

In it for the long run

3 Growth Stocks to Buy and Hold for the Next 10 Years

2021-02-28

NIO to the moon ?

Why NIO Stock Dropped Thursday

2021-02-19

Go go EV!

Baidu picks CEO for electric car firm, expects launch in 3 years

2021-02-17

Nice!

PayPal Is Now Worth More Than Mastercard. Why It May Extend Its Lead.

2021-03-28

Let’s go TSLA

Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.

2021-03-03

NIO cars look sleek!

Why some Chinese are buying local electric car brands like Nio — instead of Tesla

2021-03-02

Should we follow ARK?

ARK Invest buys DraftKings, Tencent, Teladoc

2021-06-13

Good to note

4 High-Yield Dividend Stocks to Watch

2021-03-07

Good to hear

U.S. Stocks open up, as strong jobs report boosts reopening optimism

2021-03-05

Brace yourselves

Stocks Slide With Futures Before Jobs; Yields Drop: Markets Wrap

2021-04-09

Penny stocks anyone?

Sorry, the original content has been removed

2021-04-05

To the moon! ?

Sorry, the original content has been removed

2021-04-03

Go go ⚡️

Tesla Q1 2021 Vehicle Production & Deliveries

2021-03-31

That’s cool

Coursera: The Education Disruptor Goes Public

Go to Tiger App to see more news

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go tech stocks!","listText":"Let’s go tech stocks!","text":"Let’s go tech stocks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159388220","repostId":"2147837316","repostType":4,"repost":{"id":"2147837316","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":1624921533,"share":"https://ttm.financial/m/news/2147837316?lang=&edition=fundamental","pubTime":"2021-06-29 07:05","market":"us","language":"en","title":"Tech stock rally sends S&P and Nasdaq to record highs","url":"https://stock-news.laohu8.com/highlight/detail?id=2147837316","media":"Reuters","summary":" - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl","content":"<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech stock rally sends S&P and Nasdaq to record highs</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\">\nTech stock rally sends S&P and Nasdaq to record highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Nasdaq and S&amp;P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.</p>\n<p>Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>The S&amp;P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.</p>\n<p>In contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&amp;P 500, down by 0.81% and 3.33%, respectively.</p>\n<p>“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.</p>\n<p>Stovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&amp;P 500 companies is expected to top 60%.</p>\n<p>The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&amp;P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.</p>\n<p>Both the S&amp;P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.</p>\n<p>“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.</p>\n<p>Facebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.</p>\n<p>On the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.</p>\n<p>With the S&amp;P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.</p>\n<p>On the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.</p>\n<p>Volume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QID":"纳指两倍做空ETF","WBA":"沃尔格林联合博姿","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","TWTR":"Twitter",".DJI":"道琼斯","NFLX":"奈飞","SQQQ":"纳指三倍做空ETF","NDAQ":"纳斯达克OMX交易所","MU":"美光科技",".SPX":"S&P 500 Index","QLD":"纳指两倍做多ETF","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","NVDA":"英伟达"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147837316","content_text":"(Reuters) - The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.\nBig tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.\nThe S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.\nIn contrast, cyclical sectors dropped sharply amid fears over a spike in COVID-19 cases across Asia. Financials and energy posted the biggest sectoral loss on S&P 500, down by 0.81% and 3.33%, respectively.\n“It’s end of the quarter and investors may want to take some profits and rotate out of energy and stick with tech,” said Sam Stovall, chief investment strategist at CFRA Research in New York.\nStovall expects stocks should continue their near-term climb as investors await the new earnings season, in which year-over-year earnings growth of S&P 500 companies is expected to top 60%.\nThe Dow Jones Industrial Average fell 150.57 points, or 0.44%, to close at 34,283.27. The S&P 500 pared earlier losses and advanced from Friday’s record high by gaining 9.91 points, or 0.23%, to 4,290.61. The Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.\nBoth the S&P 500 and the Nasdaq hit a series of record highs last week. the tech-heavy Nasdaq’s 5% gain in June is outpacing its peers as investors pile back in to tech-oriented growth stocks on diminishing worries about runaway inflation.\n“We believe with the Fed putting a realistic goal post, investors now have much more of a risk-on mentality going into the second half of the year. A lot of these tech names have underperformed, while fundamentals were very robust going into the June quarter,” said Wedbush Securities analyst Daniel Ives, who expects the Nasdaq to hit 16,000 by year-end.\nFacebook jumped over 4% as a U.S. judge granted the company’s motion to dismiss a Federal Trade Commission lawsuit. The social media giant finished Monday with over $1 trillion in market capitalization.\nOn the Nasdaq 100, the largest gainer was Nvidia Corp, which rose 5.0% after major chip makers Broadcom Inc, Marvell and Taiwan-based MediaTek endorsed its $40 billion deal to buy UK chip designer Arm.\nWith the S&P 500 up almost 14% as the first half of 2021 draws to a close, activity in some areas of the market indicates concern over potential volatility, with some investors suggesting the market may be overdue for a significant pullback.\nOn the economic front, investor attention will be focused on consumer confidence data, a private jobs report and a crucial monthly employment report due later this week. Quarterly results from Micron Technology Inc and Walgreens Boots Alliance are also slated for this week.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.38-to-1 ratio; on Nasdaq, a 1.09-to-1 ratio favored decliners.\nThe S&P 500 posted 36 new 52-week highs and no new lows; the Nasdaq Composite recorded 100 new highs and 31 new lows.\nVolume on U.S. exchanges was 9.55 billion shares, compared with the 11.17 billion average for the full session over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187716657,"gmtCreate":1623764388779,"gmtModify":1703818610382,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Go NIO! ?","listText":"Go NIO! ?","text":"Go NIO! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187716657","repostId":"1146386859","repostType":2,"repost":{"id":"1146386859","pubTimestamp":1623417074,"share":"https://ttm.financial/m/news/1146386859?lang=&edition=fundamental","pubTime":"2021-06-11 21:11","market":"us","language":"en","title":"NIO: Buy This Chinese EV Manufacturer While It's Still Cheap","url":"https://stock-news.laohu8.com/highlight/detail?id=1146386859","media":"seekingalpha","summary":"NIO is a dominant EV manufacturer in the electric SUV segment in China.Despite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers such as Tesla.As the Chinese EV market will continue to aggressively expand in the upcoming years, we believe that NIO has all the chances to create additional shareholder value in the future.Founded in 2014, NIO is an electric vehicle manufacturer that's headquartered in Shanghai, China. The company mostly spec","content":"<p><b>Summary</b></p>\n<ul>\n <li>NIO is a dominant EV manufacturer in the electric SUV segment in China.</li>\n <li>Despite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers such as Tesla.</li>\n <li>As the Chinese EV market will continue to aggressively expand in the upcoming years, we believe that NIO has all the chances to create additional shareholder value in the future.</li>\n</ul>\n<p>NIO(NYSE:NIO)is a dominant EV manufacturer in the electric SUV segment in China. It has been constantly increasing its deliveries every quarter, its revenues have been growing at a triple-digit rate in recent years, and despite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers such as Tesla(NASDAQ:TSLA). While NIO's stock has depreciated last month, there's every reason to believe that its growth story is far from over, as the Chinese EV market will continue to aggressively expand in the upcoming years and the penetration of electric vehicles on its roads is only going to increase. Considering this, the company has all the chances to create additional shareholder value in the long run.</p>\n<p><b>Dominating the Chinese Market</b></p>\n<p>Founded in 2014, NIO is an electric vehicle manufacturer that's headquartered in Shanghai, China. The company mostly specializes in the development of luxurious electric SUVs and just likeXPeng(XPEV), it manufactures and sells its cars online and through its showrooms across China. In addition, NIO also offers various energy-related solutions such as home charging stations, mobile charging services, and others to its customers.</p>\n<p>In recent years, the company has been aggressively growing, as the deliveries of its cars have been steadily increasing quarter after quarter, which led to the appreciation of its stock. However, due to the overall market selloff last month, NIO's stock along with stocks of other EV manufacturers such as XPeng, Tesla, and Li Auto (LI) evaporated most of its YTD gains and are currently underperforming the S&amp;P 500 Index.</p>\n<p><img src=\"https://static.tigerbbs.com/23b2ed509a529a876c423f3e9426be3f\" tg-width=\"1280\" tg-height=\"443\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Chart: Seeking Alpha</i></p>\n<p>Despite this, there's every reason to believe that NIO's stock will recover, as the company's successful performance in Q1 shows that its growth story is far from over. InQ1alone NIO beat the Street expectations by $160 million and generated $1.22 billion in revenues, which represents an increase of 481.8% Y/Y. In addition, the company's gross profit was $237.3 million, while its vehicle margin was 21.2% against -7.4% a year ago. During the period, NIO has also improved its bottom-line performance, as its net loss was only $68.8 million, and despite the chip shortages and the Chinese New Year its deliveries have also increased by 422.7% Y/Y and by 15.6% Q/Q to 20,060.</p>\n<p>One of the best things about NIO is that it already has a dominant position in the Chinese EV industry and it also has a solid balance sheet, as its cash reserves at the end of Q1stoodat $7.2 billion, while it had only $1.59 billion in long-term debt. As a result, it can easily reinvest its resources back into the business to drive growth and establish an even stronger foothold in its home market without worrying too much about the current losses.</p>\n<p>On top of that, while some might say that by trading at a price-to-salesratioof ~13x NIO is overvalued, the reality is that its momentum is not slowing down and there's every reason to believe that the growth story is far from over. Considering that even at the market cap of ~$70 billion NIO still trades below the Streetconsensusprice of $59.24 per share, it's safe to assume that the upside is still there, especially since the current forecasts suggest that the company will increase its revenues from $2.49 billion in FY20 to $8.81 billion in FY22.</p>\n<p><img src=\"https://static.tigerbbs.com/71905e5a90565b6a7e8864b3f6b0c226\" tg-width=\"883\" tg-height=\"382\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha</i></p>\n<p>At this stage, the major competitor of NIO's flagship SUVES8is Tesla's Model X. However, there are several reasons to believe that the ES8 is a more attractive car in comparison to the Model X, and as a result, NIO has all the opportunities to outsell its competitor in China in the long run. First of all, the ES8 has more legroom and headroom than the Model X, it also has a luxurious interior, and it comes with three different battery packages that could last from 415 kilometers to 580 kilometers on a single charge.</p>\n<p>All of the ES8 SUVs include a proprietary operating system, have advanced navigation software, and most importantly cost ~$70,000 per vehicle in China, which is below the cost of Tesla's Model X, which comes at a price tag of ~$110,000 per vehicle in the region. We believe that this pricing advantage will undoubtedly help NIO to outsell Tesla in the SUV segment, especially since its cars now could bepurchasedat a discount thanks to the new Chinese subsidy program.</p>\n<p>Another uniqueness of NIO is its battery as a service business model, which allows its customers to swap their batteries in various swapping stations around China if they don't want to charge their cars or are in a hurry. After recently deploying the second version of its Power Swap stations, the swapping of batteries is now done in under three minutes, which is the same as refueling a traditional ICE car, and a single station now could perform up to 312 battery swaps in a single day. NIO now has a network of charging stations across all of China and if the solid-state batteries won't be available by the end of the decade at scale, then the idea of swapping batteries on the go will remain a viable business model in the long run.</p>\n<p>Going forward, NIO plans to accelerate its deliveries this month in order to meet its Q2 goal of delivering 21,000 to 22,000 vehicles, which represents a growth of 103% Y/Y to 113% Y/Y and plans to generate $1.24 to $1.29 billion in revenues during the period. Despite the semiconductor shortages, NIO already managed to increase its deliveries in April and May to 7,102 vehicles and 6,711 vehicles, respectively, which represents a growth of 125% Y/Y and 95.3% Y/Y, respectively. On top of that, NIO is also on track to deliver 90,000 to 100,000 vehicles this year.</p>\n<p>Considering this, there's every reason to believe that NIO will continue to be a dominant player in the Chinese EV market and a leader of the luxury EV segment in the region. While the company doesn't have an infrastructure outside China, we don't think that's a downside at all since China is the biggest EV market in the world that's constantly growing and NIO has better chances of creating shareholder value there than abroad. For that reason, we believe that NIO's growth story is far from over and it's likely that as long as its deliveries increase with every quarter, its stock will be rising in value in the long run.</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>NIO: Buy This Chinese EV Manufacturer While It's Still Cheap</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\">\nNIO: Buy This Chinese EV Manufacturer While It's Still Cheap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-11 21:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4434085-nio-buy-this-chinese-ev-manufacturer-while-its-still-cheap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nNIO is a dominant EV manufacturer in the electric SUV segment in China.\nDespite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers ...</p>\n\n<a href=\"https://seekingalpha.com/article/4434085-nio-buy-this-chinese-ev-manufacturer-while-its-still-cheap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://seekingalpha.com/article/4434085-nio-buy-this-chinese-ev-manufacturer-while-its-still-cheap","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146386859","content_text":"Summary\n\nNIO is a dominant EV manufacturer in the electric SUV segment in China.\nDespite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers such as Tesla.\nAs the Chinese EV market will continue to aggressively expand in the upcoming years, we believe that NIO has all the chances to create additional shareholder value in the future.\n\nNIO(NYSE:NIO)is a dominant EV manufacturer in the electric SUV segment in China. It has been constantly increasing its deliveries every quarter, its revenues have been growing at a triple-digit rate in recent years, and despite competing in the luxurious SUV segment, its cars are more affordable in comparison to the cars of its peers such as Tesla(NASDAQ:TSLA). While NIO's stock has depreciated last month, there's every reason to believe that its growth story is far from over, as the Chinese EV market will continue to aggressively expand in the upcoming years and the penetration of electric vehicles on its roads is only going to increase. Considering this, the company has all the chances to create additional shareholder value in the long run.\nDominating the Chinese Market\nFounded in 2014, NIO is an electric vehicle manufacturer that's headquartered in Shanghai, China. The company mostly specializes in the development of luxurious electric SUVs and just likeXPeng(XPEV), it manufactures and sells its cars online and through its showrooms across China. In addition, NIO also offers various energy-related solutions such as home charging stations, mobile charging services, and others to its customers.\nIn recent years, the company has been aggressively growing, as the deliveries of its cars have been steadily increasing quarter after quarter, which led to the appreciation of its stock. However, due to the overall market selloff last month, NIO's stock along with stocks of other EV manufacturers such as XPeng, Tesla, and Li Auto (LI) evaporated most of its YTD gains and are currently underperforming the S&P 500 Index.\n\nChart: Seeking Alpha\nDespite this, there's every reason to believe that NIO's stock will recover, as the company's successful performance in Q1 shows that its growth story is far from over. InQ1alone NIO beat the Street expectations by $160 million and generated $1.22 billion in revenues, which represents an increase of 481.8% Y/Y. In addition, the company's gross profit was $237.3 million, while its vehicle margin was 21.2% against -7.4% a year ago. During the period, NIO has also improved its bottom-line performance, as its net loss was only $68.8 million, and despite the chip shortages and the Chinese New Year its deliveries have also increased by 422.7% Y/Y and by 15.6% Q/Q to 20,060.\nOne of the best things about NIO is that it already has a dominant position in the Chinese EV industry and it also has a solid balance sheet, as its cash reserves at the end of Q1stoodat $7.2 billion, while it had only $1.59 billion in long-term debt. As a result, it can easily reinvest its resources back into the business to drive growth and establish an even stronger foothold in its home market without worrying too much about the current losses.\nOn top of that, while some might say that by trading at a price-to-salesratioof ~13x NIO is overvalued, the reality is that its momentum is not slowing down and there's every reason to believe that the growth story is far from over. Considering that even at the market cap of ~$70 billion NIO still trades below the Streetconsensusprice of $59.24 per share, it's safe to assume that the upside is still there, especially since the current forecasts suggest that the company will increase its revenues from $2.49 billion in FY20 to $8.81 billion in FY22.\n\nSource: Seeking Alpha\nAt this stage, the major competitor of NIO's flagship SUVES8is Tesla's Model X. However, there are several reasons to believe that the ES8 is a more attractive car in comparison to the Model X, and as a result, NIO has all the opportunities to outsell its competitor in China in the long run. First of all, the ES8 has more legroom and headroom than the Model X, it also has a luxurious interior, and it comes with three different battery packages that could last from 415 kilometers to 580 kilometers on a single charge.\nAll of the ES8 SUVs include a proprietary operating system, have advanced navigation software, and most importantly cost ~$70,000 per vehicle in China, which is below the cost of Tesla's Model X, which comes at a price tag of ~$110,000 per vehicle in the region. We believe that this pricing advantage will undoubtedly help NIO to outsell Tesla in the SUV segment, especially since its cars now could bepurchasedat a discount thanks to the new Chinese subsidy program.\nAnother uniqueness of NIO is its battery as a service business model, which allows its customers to swap their batteries in various swapping stations around China if they don't want to charge their cars or are in a hurry. After recently deploying the second version of its Power Swap stations, the swapping of batteries is now done in under three minutes, which is the same as refueling a traditional ICE car, and a single station now could perform up to 312 battery swaps in a single day. NIO now has a network of charging stations across all of China and if the solid-state batteries won't be available by the end of the decade at scale, then the idea of swapping batteries on the go will remain a viable business model in the long run.\nGoing forward, NIO plans to accelerate its deliveries this month in order to meet its Q2 goal of delivering 21,000 to 22,000 vehicles, which represents a growth of 103% Y/Y to 113% Y/Y and plans to generate $1.24 to $1.29 billion in revenues during the period. Despite the semiconductor shortages, NIO already managed to increase its deliveries in April and May to 7,102 vehicles and 6,711 vehicles, respectively, which represents a growth of 125% Y/Y and 95.3% Y/Y, respectively. On top of that, NIO is also on track to deliver 90,000 to 100,000 vehicles this year.\nConsidering this, there's every reason to believe that NIO will continue to be a dominant player in the Chinese EV market and a leader of the luxury EV segment in the region. While the company doesn't have an infrastructure outside China, we don't think that's a downside at all since China is the biggest EV market in the world that's constantly growing and NIO has better chances of creating shareholder value there than abroad. For that reason, we believe that NIO's growth story is far from over and it's likely that as long as its deliveries increase with every quarter, its stock will be rising in value in the long run.","news_type":1},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185827106,"gmtCreate":1623642376205,"gmtModify":1704207647416,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Trade wisely","listText":"Trade wisely","text":"Trade wisely","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/185827106","repostId":"1105297799","repostType":4,"repost":{"id":"1105297799","pubTimestamp":1623626792,"share":"https://ttm.financial/m/news/1105297799?lang=&edition=fundamental","pubTime":"2021-06-14 07:26","market":"us","language":"en","title":"A Meme Stock Is Born: How to Spot the Next Reddit Favorite","url":"https://stock-news.laohu8.com/highlight/detail?id=1105297799","media":"Bloomberg","summary":"Heavily shorted shares are a common theme among the group. The big stock-price gains often come alongside big drops. While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.“I can’t imagine this is going to continue in the sam","content":"<ul>\n <li>Heavily shorted shares are a common theme among the group</li>\n <li>The big stock-price gains often come alongside big drops</li>\n</ul>\n<p>Trying to keep up with the frenzied rise of so-called meme stocks mightfeela bit like playing a game of whack-a-mole, bewildering analysts and investors alike.</p>\n<p>While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.</p>\n<p>Investors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least $100 million and short interest of 15% or more, according to S3 Partners data compiled by Bloomberg. More than 80% of those names have managed positive returns over the last month with the average gain sitting at about 18%, while the S&amp;P 500 Index rose 2.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3cc5569937ba7f5b5c78898800cdfdfc\" tg-width=\"773\" tg-height=\"717\"></p>\n<p>Among the most heavily shorted stocks are names like&nbsp;Clover Health Investments Corp.,Workhorse Group Inc.&nbsp;and&nbsp;Geo Group Inc., which have already caught the attention of retail traders in recent days.</p>\n<p>Meanwhile,Bumble Inc.&nbsp;and&nbsp;Petco Health and Wellness Co., both fresh off initial public offerings this year, find themselves on the outside looking in as part of the few companies on the list that haven’t seen outsized gains over the last month. Joining them is ad-tech firmPubMatic Inc., which boasts the highest short interest at 54%, recreational boat retailer MarineMax Inc. and biotech companyBlack Diamond Therapeutics Inc., which has plunged more than 50% over the last month.</p>\n<p><img src=\"https://static.tigerbbs.com/dd6a19a4330894a2f8dfe602f1f76c6a\" tg-width=\"773\" tg-height=\"737\"></p>\n<p>While these sudden rallies can create lucrative returns for investors in the blink of an eye, the extreme volatility that accompanies them can quickly catch traders offside, leaving them holding the bag as shares plunge back to earth.</p>\n<p>After opening the week with a 32% gain, Clover Health’s shares jumped by as much as 142% over the next two days. But, by the close of trading Thursday, anyone who had bought and held shares after Monday’s pop was now underwater.</p>\n<p><img src=\"https://static.tigerbbs.com/bb51208dc3df58cd52f6d1a876bdf594\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“I can’t imagine this is going to continue in the same form or fashion for much longer,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. “Just because something is shorted doesn’t mean buying it is going to work out for you,” he added. “You’re playing with fire.”</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>A Meme Stock Is Born: How to Spot the Next Reddit Favorite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Meme Stock Is Born: How to Spot the Next Reddit Favorite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Heavily shorted shares are a common theme among the group\nThe big stock-price gains often come alongside big drops\n\nTrying to keep up with the frenzied rise of so-called meme stocks mightfeela bit ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp\">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","BMBL":"Bumble Inc.","KWITD":"Wellness Matrix Group, Inc.","GEO":"GEO惩教集团",".DJI":"道琼斯","WOOF":"Petco Health and Wellness Company, Inc.","CLOV":"Clover Health Corp","WKHS":"Workhorse Group, Inc.",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105297799","content_text":"Heavily shorted shares are a common theme among the group\nThe big stock-price gains often come alongside big drops\n\nTrying to keep up with the frenzied rise of so-called meme stocks mightfeela bit like playing a game of whack-a-mole, bewildering analysts and investors alike.\nWhile there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.\nInvestors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least $100 million and short interest of 15% or more, according to S3 Partners data compiled by Bloomberg. More than 80% of those names have managed positive returns over the last month with the average gain sitting at about 18%, while the S&P 500 Index rose 2.3%.\n\nAmong the most heavily shorted stocks are names like Clover Health Investments Corp.,Workhorse Group Inc. and Geo Group Inc., which have already caught the attention of retail traders in recent days.\nMeanwhile,Bumble Inc. and Petco Health and Wellness Co., both fresh off initial public offerings this year, find themselves on the outside looking in as part of the few companies on the list that haven’t seen outsized gains over the last month. Joining them is ad-tech firmPubMatic Inc., which boasts the highest short interest at 54%, recreational boat retailer MarineMax Inc. and biotech companyBlack Diamond Therapeutics Inc., which has plunged more than 50% over the last month.\n\nWhile these sudden rallies can create lucrative returns for investors in the blink of an eye, the extreme volatility that accompanies them can quickly catch traders offside, leaving them holding the bag as shares plunge back to earth.\nAfter opening the week with a 32% gain, Clover Health’s shares jumped by as much as 142% over the next two days. But, by the close of trading Thursday, anyone who had bought and held shares after Monday’s pop was now underwater.\n\n“I can’t imagine this is going to continue in the same form or fashion for much longer,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. “Just because something is shorted doesn’t mean buying it is going to work out for you,” he added. “You’re playing with fire.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186547861,"gmtCreate":1623514684953,"gmtModify":1704205389218,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Good to note&nbsp;","listText":"Good to note&nbsp;","text":"Good to note","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186547861","repostId":"2142788118","repostType":4,"repost":{"id":"2142788118","pubTimestamp":1623508200,"share":"https://ttm.financial/m/news/2142788118?lang=&edition=fundamental","pubTime":"2021-06-12 22:30","market":"us","language":"en","title":"4 High-Yield Dividend Stocks to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2142788118","media":"Motley Fool","summary":"You don't have to settle for tiny yields today.","content":"<p>As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the <b>S&amp;P 500</b>. That's a historically low rate -- mainly thanks to the huge rally that investors have seen in the past year.</p>\n<p>But many individual stocks are much more generous with their payouts. Let's look at a few attractive dividend-paying stocks that deliver at least twice the market's average yield. Read on to see why <b>PepsiCo</b> (NASDAQ:PEP), <b>Hasbro</b> (NASDAQ:HAS), <b><a href=\"https://laohu8.com/S/IBM\">IBM</a></b> (NYSE:IBM), and <b>Pfizer</b> (NYSE:PFE) all deserve a spot on your income watchlist.</p>\n<p><img src=\"https://static.tigerbbs.com/5b2429a52ab8ff262dc3392bb58e5ba2\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>1. PepsiCo</h3>\n<p>Pepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022. But income investors don't have to wait until then to own this diversified consumer foods giant.</p>\n<p>Pepsi's deep portfolio of snacks helped it post solid growth in 2020 despite pandemic-related demand slumps in the soda industry. Wall Street is worried about a modest profitability drop ahead as the company invests more in growth niches like energy drinks. But Pepsi is playing the long game, and cash it spends upgrading its supply chain should pay off for shareholders over time.</p>\n<h3>2. IBM</h3>\n<p>IBM boasts some attractive dividend metrics. It yields over 4%, and the IT giant has also raised its dividend in each of the last 25 years.</p>\n<p>There are some notable risks to be aware of, though. IBM is executing a spin-off right now that might threaten its overall payout. Sales growth has been hard to find recently, too, with revenue falling 2% in early 2021 after accounting for currency exchange shifts.</p>\n<p>Still, income investors will enjoy IBM's gushing cash flow and its large, stable business. You might be happy to collect an above-average dividend while waiting for big bets in areas like cloud services to deliver faster sales growth in the years to come.</p>\n<h3>3. Pfizer</h3>\n<p>Despite its central role in ending the COVID-19 pandemic, Pfizer stock has trailed the broader market over the past year. That situation has helped push its yield above 4%, though, in a welcome development for dividend fans.</p>\n<p>The biotech giant recently raised its growth outlook after sales jumped 42% in the first quarter. Besides its COVID-19 vaccine, which will require several more treatments over the next few years, other promising drugs include blood clot-fighting Eliquis, which grew sales by over 30% in early 2021.</p>\n<p>Sure, Pfizer isn't likely to see a repeat approaching anything close to the $26 billion it is expecting to book for the COVID-19 vaccine this year. But this dividend stock still has a lot to offer investors who want exposure to the biotech world.</p>\n<h3>4. Hasbro</h3>\n<p>There's plenty of room to grow in the toy niche -- if you're a dominant global player, that is. Hasbro has been cashing in on its leading position for years, through its mix of company-owned brands like Monopoly and Nerf and exclusive partnerships with giants like <b>Disney</b>. Growth in these areas allowed sales to rise 1% last quarter despite a 34% COVID-19-related slump in its TV division.</p>\n<p>Wall Street has acknowledged this good news by sending the stock higher over the past year. But investors can still get an almost 3% yield by owning its shares.</p>\n<p>In mid-2021, prices are rising for many things, including stocks. But investors can still find attractive businesses to own that also happen to pay generous dividends. That combination of growth and income is a powerful <a href=\"https://laohu8.com/S/AONE\">one</a> to support your portfolio up to retirement and beyond.</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>4 High-Yield Dividend Stocks to Watch</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\">\n4 High-Yield Dividend Stocks to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. That's a historically low rate -- mainly thanks to the huge ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","03086":"华夏纳指","IBM":"IBM","HAS":"孩之宝","PEP":"百事可乐","09086":"华夏纳指-U"},"source_url":"https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142788118","content_text":"As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. That's a historically low rate -- mainly thanks to the huge rally that investors have seen in the past year.\nBut many individual stocks are much more generous with their payouts. Let's look at a few attractive dividend-paying stocks that deliver at least twice the market's average yield. Read on to see why PepsiCo (NASDAQ:PEP), Hasbro (NASDAQ:HAS), IBM (NYSE:IBM), and Pfizer (NYSE:PFE) all deserve a spot on your income watchlist.\n\nImage source: Getty Images.\n1. PepsiCo\nPepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022. But income investors don't have to wait until then to own this diversified consumer foods giant.\nPepsi's deep portfolio of snacks helped it post solid growth in 2020 despite pandemic-related demand slumps in the soda industry. Wall Street is worried about a modest profitability drop ahead as the company invests more in growth niches like energy drinks. But Pepsi is playing the long game, and cash it spends upgrading its supply chain should pay off for shareholders over time.\n2. IBM\nIBM boasts some attractive dividend metrics. It yields over 4%, and the IT giant has also raised its dividend in each of the last 25 years.\nThere are some notable risks to be aware of, though. IBM is executing a spin-off right now that might threaten its overall payout. Sales growth has been hard to find recently, too, with revenue falling 2% in early 2021 after accounting for currency exchange shifts.\nStill, income investors will enjoy IBM's gushing cash flow and its large, stable business. You might be happy to collect an above-average dividend while waiting for big bets in areas like cloud services to deliver faster sales growth in the years to come.\n3. Pfizer\nDespite its central role in ending the COVID-19 pandemic, Pfizer stock has trailed the broader market over the past year. That situation has helped push its yield above 4%, though, in a welcome development for dividend fans.\nThe biotech giant recently raised its growth outlook after sales jumped 42% in the first quarter. Besides its COVID-19 vaccine, which will require several more treatments over the next few years, other promising drugs include blood clot-fighting Eliquis, which grew sales by over 30% in early 2021.\nSure, Pfizer isn't likely to see a repeat approaching anything close to the $26 billion it is expecting to book for the COVID-19 vaccine this year. But this dividend stock still has a lot to offer investors who want exposure to the biotech world.\n4. Hasbro\nThere's plenty of room to grow in the toy niche -- if you're a dominant global player, that is. Hasbro has been cashing in on its leading position for years, through its mix of company-owned brands like Monopoly and Nerf and exclusive partnerships with giants like Disney. Growth in these areas allowed sales to rise 1% last quarter despite a 34% COVID-19-related slump in its TV division.\nWall Street has acknowledged this good news by sending the stock higher over the past year. But investors can still get an almost 3% yield by owning its shares.\nIn mid-2021, prices are rising for many things, including stocks. But investors can still find attractive businesses to own that also happen to pay generous dividends. That combination of growth and income is a powerful one to support your portfolio up to retirement and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186918479,"gmtCreate":1623468872691,"gmtModify":1704204505587,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Oh dear","listText":"Oh dear","text":"Oh dear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186918479","repostId":"1177806573","repostType":4,"repost":{"id":"1177806573","pubTimestamp":1623452856,"share":"https://ttm.financial/m/news/1177806573?lang=&edition=fundamental","pubTime":"2021-06-12 07:07","market":"us","language":"en","title":"As America reopens, businesses—from airlines to arenas—see an uptick in bad behavior","url":"https://stock-news.laohu8.com/highlight/detail?id=1177806573","media":"cnbc","summary":"KEY POINTS\n\nAmerican and Southwest airlines recently stopped serving alcohol after an uptick in viol","content":"<div>\n<p>KEY POINTS\n\nAmerican and Southwest airlines recently stopped serving alcohol after an uptick in violence during flights.\nRowdy NBA fans involved in recent incidents have been banned from arenas, some ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/as-america-reopens-businesses-see-an-uptick-in-bad-behavior-.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>As America reopens, businesses—from airlines to arenas—see an uptick in bad behavior</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\">\nAs America reopens, businesses—from airlines to arenas—see an uptick in bad behavior\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 07:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/11/as-america-reopens-businesses-see-an-uptick-in-bad-behavior-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nAmerican and Southwest airlines recently stopped serving alcohol after an uptick in violence during flights.\nRowdy NBA fans involved in recent incidents have been banned from arenas, some ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/11/as-america-reopens-businesses-see-an-uptick-in-bad-behavior-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/11/as-america-reopens-businesses-see-an-uptick-in-bad-behavior-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1177806573","content_text":"KEY POINTS\n\nAmerican and Southwest airlines recently stopped serving alcohol after an uptick in violence during flights.\nRowdy NBA fans involved in recent incidents have been banned from arenas, some even arrested.\nTarget pulled back on selling sports trading cards after a violent dispute.\n\nCrime’s up. Tempers are up.\nAcross the United States, businesses are grappling with an astonishing rise in what can only be called “people behaving badly.”\nRetail workers have been subjected to horrifying attacks based on their race, gender identity or disability. Flight attendants have been verbally — and occasionally physically — assaulted. Aggressive driving has led to road rage, with deadly consequences. Shoppers are brawling in the aisles.\nExperts are pointing to soaring stress levels as the trigger for the rise in these types of incidents.\nThe not-so-friendly skies\nIn May, aflight attendantforSouthwest Airlineshadtwo teeth knocked out by a furious passenger,according to law enforcement who arrested the woman in San Diego. It was just one of the latest examples as airlines struggle with an unprecedented onslaught of confrontations.\n“We can say with confidence that the number of reports we’ve received during the past several months are significantly higher than the numbers we’ve seen in the past,” said Ian Gregor, a spokesman for the Federal Aviation Administration.\nThe FAA tracks incidentswith problem passengers and says issues surrounding face masks have been a contributing factor.\nUnion reps have described the situation as an “epidemic of aggression and assault.”\nAlcohol also can be a factor. Both Southwest andAmerican Airlineshave decidednot to resume in-flight alcohol salesright now because of the unruly behavior.\nIndefinite bans for NBA fans\nNBA fans returning to arenas is a welcome sight for the league, which was reportedly$1.5 billion short of revenue expectationslast season as the pandemic resulted in lost ticket sales. Yet, the return of fans has brought a host of new problems.\nFor example, in Boston, a 21-year-old Celtics fan wascharged with assault and batteryby means of a dangerous weapon, after heaving a water bottle at Brooklyn Nets star Kyrie Irving as he left the court at TD Garden.\nIn New York, Atlanta Hawks guardTrae Young got spit onduring a playoff game against the Knicks at Madison Square Garden. And Washington Wizards starRussell Westbrookgot popcorn dumped on him by a fan as he left the court with an injury.\n“To be completely honest, this s--- is getting out of hand. ... The amount of disrespect, the amount of fans just doing whatever the f--- they want to do ... it’s just out of pocket,” Westbrook said in a postgame press conference.\nThe league issueda statementon the recent behavior and made changes to its fan code of conduct as a result.\n“The return of more NBA fans to our arenas has brought great excitement and energy to the start of the playoffs, but it is critical that we all show respect for players, officials and our fellow fans,” the NBA said.\nMany of the teams impacted are not tolerating the bad behavior,placing indefinite bans on rude fansattending future games.\n“Something’s gonna happen to the wrong person and it’s not gonna be good,” warned Portland star Damian Lillard.\nRetailers team up\nIt’s not just sports stadiums and arenas. The retail industry is also seeing an uptick in bad behavior, often targeted toward employees. According to Emily May, co-founder and executive director of the nonprofitHollaback!, retailers are seeing an alarming rise in discrimination where floor staff are being targeted for who they are when enforcing safety measures.\n“Given the rise in hate violence — which is at an all-time high — frontline workers are more vulnerable than ever,” she said in a statement.\nIt’s gotten so bad that at least a dozen retailers includingGap,Dick’s Sporting Goodsand Sephora have teamed up to collaborate on a campaign with the nonprofitOpen to All.\n“We are trying to create a movement where everyone comes together around the values of inclusion and safety, where we all can be safe and accepted and belong for who we are,” said director Calla Devlin Rongerude.\n“We haven’t been in crowds, we haven’t negotiated spaces with a lot of other people for quite a while. I think we’re out of practice with how to be human with each other,” she added.\nAs part of the campaign, the participating retailers will have access to a toolkit and other resources to support front-line workers.\nGrown men fighting over Pokemon cards\nAs theresale value of Pokemon and sports cards has skyrocketedduring the pandemic, retailers such asTargetandWalmarthave seen firsthand the impact: grown men getting in physical altercations over these cards.\nLast month, a 35-year-old manpulled a gunwhen he was attacked by a group of men in a trading-card related fight. It forced Target to temporarily pull the trading cards from its stores.\n“The safety of our guests and team members is our top priority,” Target said in a statement.\nThe retailer said Pokemon cards have since returned to the store but customers are subject to strict purchase limits of two packs per guest. The sale of MLB, NFL and NBA trading cards is still limited to Target’s website.\nRemember ‘the Golden Rule’\nWhether it’s aggressive driving or tempers on full display in restaurants, gas stations or Little League games, the bad behavior is caused by a confluence of factors, according to Thomas Plante, a psychology professor at the University of Santa Clara.\n“We’ve got a tsunami of mental health issues out there, with anxiety and depression,” Plante said, adding that our collective stress levels have never been higher.\nPeople are juggling multiple stressors, he said. Among them: the pandemic, death, illness, job loss, homeschooling kids, isolation and other challenges. That frustration can lead to aggression.\nThere’s also “observational learning,” Plante said, explaining that when people see bad behavior all around them, even by so-called role models, they are more likely to repeat it.\n“People model behavior of others, especially highly valued models, like ... well-known politicians,” Plante said. “People look at how they behave, which has been pretty bad, and they go and do likewise.”\nWhat will reverse the trend? Plante’s suggestion sounds like something one might hear from the pulpit or a parent: Treat others the way you want to be treated.\n“People have kind of gotten out of practice about how to behave in public, and how to behave in a polite, civil society,” Plante said.\nThe Golden Rule can help us get back on track.","news_type":1},"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139375937,"gmtCreate":1621596866429,"gmtModify":1704360281267,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Will you follow?","listText":"Will you follow?","text":"Will you follow?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139375937","repostId":"2136883978","repostType":4,"repost":{"id":"2136883978","pubTimestamp":1621582642,"share":"https://ttm.financial/m/news/2136883978?lang=&edition=fundamental","pubTime":"2021-05-21 15:37","market":"us","language":"en","title":"Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought","url":"https://stock-news.laohu8.com/highlight/detail?id=2136883978","media":"Motley Fool","summary":"Things are rough for the kind of growth stocks that the popular fund manager owns, but she's adding to some of her bigger losers now.","content":"<p>Wednesday's crypto crash and falling prices on former market darlings were a potent one-two combo to get Cathie Wood buying. The popular money manager took advantage of the market's dip to add to some of her biggest names across ARK Invest's widely followed exchange-traded funds (ETFs).</p><p><b>Coinbase</b> (NASDAQ:COIN), <b>Tesla</b>&nbsp;(NASDAQ:TSLA), and <b>Square</b> (NYSE:SQ) stand out among her purchases on Wednesday. She added more shares of the fast-growing companies to at least two of her six ETFs. Let's see why she may be on to something with all three stocks.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1cab57a9463345d4bd7292cdfbc52cb9\" tg-width=\"700\" tg-height=\"525\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p><h2>Coinbase</h2><p>Wood was defending the long-term potential of <b>Bitcoin </b>on Wednesday as the crypto crash was happening, so it's not a surprise to see her adding to Coinbase. The leading cryptocurrency marketplace naturally took a hit as the digital currencies it specializes in moved sharply lower. Adding insult to injury, the Coinbase site was down for chunks of time on Wednesday morning as traders were looking to either cash out or take advantage of the lower price points.</p><p>Coinbase stock would tumble 13% to bottom out at $208 -- an all-time low for a stock that has only been public for a month -- but recovered a little more than half of its intraday losses to close just 6% lower. The crypto market itself took a bigger hit, but that does make sense. The negative sentiment that started with Telsa CEO Elon Musk dissing Bitcoin a week ago is generating a spike in trading activity, and that's ultimately good for Coinbase. This will naturally become a bigger problem for Coinbase if crypto doesn't bounce back, but that could also be a mixed blessing if that keeps new competitors away or a trading fee price war from breaking out.</p><h2>Tesla</h2><p>Wood apparently didn't take Musk's rant on Bitcoin as an energy hog personally. Tesla is the largest holding across her combined ETFs, and she nabbed a bit more of the electric car maker for three of them on Wednesday.</p><p>Tesla stock enters Thursday trading 37% below the all-time high it hit in January. Tesla has become a popular short with so many automakers pushing out electric vehicles, but it seems a bit misguided. None of them will have the proprietary fleet of charging stations that is the equivalent of selling a traditional car and owning every gas station the driver will ever need. Tesla's getting a lot of heat because its \"Full Self Driving\" upgrade isn't exactly full self driving just yet, but what is now a $10,000 digital accessory for new buyers is still well ahead of the competition in the race for autonomous driving. The stock wasn't cheap after last year's run, but the recent sell-off seems overdone at this point given Tesla's pole position in electric vehicles and the aspirational nature of its brand.</p><h2>Square</h2><p>Finally, Wood put some more money into a company that knows all about moving money around. Square is a leading payment platform. It's also been an early pioneer in crypto, and that may explain why the shares opened 5% lower on Wednesday before making back more than half of the initial hit by the end of the trading day.</p><p>Square has been on a growth tear lately, with sharply accelerating year-over-year top-line growth for five consecutive quarters. Revenue soared 266% in its latest report, a big step up from the 41% growth it was posting six quarters ago. Bitcoin trading through Square's Cash App was a major contributor to the monster quarter, but there's a lot more going for the digital payments platform than just crypto.</p><p>Wood isn't afraid to buy on the dip if a company's bullish thesis remains strong. Right now it seems as if Coinbase, Tesla, and Square are still worth buying.</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>Cathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought</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\">\nCathie Wood Goes Bargain Hunting: 3 Stocks She Just Bought\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 15:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/05/20/cathie-wood-goes-bargain-hunting-3-stocks-she-just/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wednesday's crypto crash and falling prices on former market darlings were a potent one-two combo to get Cathie Wood buying. The popular money manager took advantage of the market's dip to add to some...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/20/cathie-wood-goes-bargain-hunting-3-stocks-she-just/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","COIN":"Coinbase Global, Inc.","ARKF":"ARK Fintech Innovation ETF","SQ":"Block","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/05/20/cathie-wood-goes-bargain-hunting-3-stocks-she-just/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136883978","content_text":"Wednesday's crypto crash and falling prices on former market darlings were a potent one-two combo to get Cathie Wood buying. The popular money manager took advantage of the market's dip to add to some of her biggest names across ARK Invest's widely followed exchange-traded funds (ETFs).Coinbase (NASDAQ:COIN), Tesla (NASDAQ:TSLA), and Square (NYSE:SQ) stand out among her purchases on Wednesday. She added more shares of the fast-growing companies to at least two of her six ETFs. Let's see why she may be on to something with all three stocks.Image source: Getty Images.CoinbaseWood was defending the long-term potential of Bitcoin on Wednesday as the crypto crash was happening, so it's not a surprise to see her adding to Coinbase. The leading cryptocurrency marketplace naturally took a hit as the digital currencies it specializes in moved sharply lower. Adding insult to injury, the Coinbase site was down for chunks of time on Wednesday morning as traders were looking to either cash out or take advantage of the lower price points.Coinbase stock would tumble 13% to bottom out at $208 -- an all-time low for a stock that has only been public for a month -- but recovered a little more than half of its intraday losses to close just 6% lower. The crypto market itself took a bigger hit, but that does make sense. The negative sentiment that started with Telsa CEO Elon Musk dissing Bitcoin a week ago is generating a spike in trading activity, and that's ultimately good for Coinbase. This will naturally become a bigger problem for Coinbase if crypto doesn't bounce back, but that could also be a mixed blessing if that keeps new competitors away or a trading fee price war from breaking out.TeslaWood apparently didn't take Musk's rant on Bitcoin as an energy hog personally. Tesla is the largest holding across her combined ETFs, and she nabbed a bit more of the electric car maker for three of them on Wednesday.Tesla stock enters Thursday trading 37% below the all-time high it hit in January. Tesla has become a popular short with so many automakers pushing out electric vehicles, but it seems a bit misguided. None of them will have the proprietary fleet of charging stations that is the equivalent of selling a traditional car and owning every gas station the driver will ever need. Tesla's getting a lot of heat because its \"Full Self Driving\" upgrade isn't exactly full self driving just yet, but what is now a $10,000 digital accessory for new buyers is still well ahead of the competition in the race for autonomous driving. The stock wasn't cheap after last year's run, but the recent sell-off seems overdone at this point given Tesla's pole position in electric vehicles and the aspirational nature of its brand.SquareFinally, Wood put some more money into a company that knows all about moving money around. Square is a leading payment platform. It's also been an early pioneer in crypto, and that may explain why the shares opened 5% lower on Wednesday before making back more than half of the initial hit by the end of the trading day.Square has been on a growth tear lately, with sharply accelerating year-over-year top-line growth for five consecutive quarters. Revenue soared 266% in its latest report, a big step up from the 41% growth it was posting six quarters ago. Bitcoin trading through Square's Cash App was a major contributor to the monster quarter, but there's a lot more going for the digital payments platform than just crypto.Wood isn't afraid to buy on the dip if a company's bullish thesis remains strong. Right now it seems as if Coinbase, Tesla, and Square are still worth buying.","news_type":1},"isVote":1,"tweetType":1,"viewCount":669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195177234,"gmtCreate":1621266500628,"gmtModify":1704354937232,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Hmm to think about&nbsp;","listText":"Hmm to think about&nbsp;","text":"Hmm to think about","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195177234","repostId":"1167574964","repostType":4,"repost":{"id":"1167574964","pubTimestamp":1621265913,"share":"https://ttm.financial/m/news/1167574964?lang=&edition=fundamental","pubTime":"2021-05-17 23:38","market":"us","language":"en","title":"Where Will Shopify Stock Be In Five Years?","url":"https://stock-news.laohu8.com/highlight/detail?id=1167574964","media":"seekingalpha","summary":"Summary\n\nSHOP grew revenues by 110% in this latest quarter - yet another stunning performance.\nSHOP ","content":"<p><b>Summary</b></p>\n<ul>\n <li>SHOP grew revenues by 110% in this latest quarter - yet another stunning performance.</li>\n <li>SHOP has established itself as the clear number 2 to AMZN - but will that remain so moving forward?</li>\n <li>I analyze the valuation based on growth expectations and predictions for future profit margins.</li>\n <li>I give my final verdict regarding whether the stock is a buy, sell, or hold.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b851e35395f5705f43dfe500c94e095c\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by JHVEPhoto/iStock Editorial via Getty Images</span></p>\n<p>Shopify (SHOP) saw its business experience exponential growth as sprung by the pandemic. Because SHOP enables its customers to achieve a direct to consumer e-commerce presence, the company appears to be an anti-Amazon secular growth story. SHOP achieved strong growth in its latest quarter, and is expected to grow rapidly this year as well. Even assuming aggressive assumptions regarding forward growth and profit margins, it appears that the stock is already pricing in many years of growth. Those expecting outperformance may be disappointed, unless SHOP is able to grow even faster and make even more money than expected.</p>\n<p><b>Shopify Stock Price</b></p>\n<p>SHOP has not proven immune to the recent selloff in growth stocks - likely because it is perceived to be a “lockdown play” amidst a rapidly improving vaccination landscape. SHOP trades just under $1,100 per share - with over 35% upside to all time highs.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5ac6bef21d412979e0ca2f1aabf49a33\" tg-width=\"1204\" tg-height=\"336\" referrerpolicy=\"no-referrer\"><span>(Seeking Alpha)</span></p>\n<p><b>Shopify Earnings</b></p>\n<p>SHOP’s latest quarterly earnings showed strong top-line growth, with revenues soaring 110% year over year (‘YOY’).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/217192d74dc7d7dda140c3840b43d2ba\" tg-width=\"1280\" tg-height=\"646\" referrerpolicy=\"no-referrer\"><span>(2020 Q1 Presentation)</span></p>\n<p>Clearly, SHOP benefited from easy comparables, as 2020 Q1 was the last quarter before the pandemic hit. However, in addition to benefiting from the growth in e-commerce spend in general, SHOP also added a significant number of merchants to its platform, which is evidenced by the 71% growth in subscription solutions revenue.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cc07217c736a82addf91618e140f9410\" tg-width=\"1280\" tg-height=\"704\" referrerpolicy=\"no-referrer\"><span>(2020 Q1 Presentation)</span></p>\n<p>I am most excited by the increasing user base of Shop Pay, which I view to be SHOP’s answer to PayPal (PYPL). In my discussion below, I believe Shop Pay to be SHOP's greatest long term growth catalyst.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/dfcf67160b5546be7a82bae6091399fe\" tg-width=\"1280\" tg-height=\"593\" referrerpolicy=\"no-referrer\"><span>(2020 Q1 Presentation)</span></p>\n<p>SHOP continued to drive operating leverage, with non-GAAP operating expenses declining to 36% of revenues.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2bb971027bdbd3e5fe4f1c49d7c3909e\" tg-width=\"1280\" tg-height=\"685\" referrerpolicy=\"no-referrer\"><span>(2020 Q1 Presentation)</span></p>\n<p>This showed in the boost in net income. GAAP net income was $1.3 billion, but this included $1.3 billion in unrealized investment gains. The improvement in operating leverage is better seen in analyzing operating income, which jumped from a net loss of $73.2 million last year to positive $118.9 million this year.</p>\n<p><b>Shopify Stock Forecast</b></p>\n<p>Looking forward, Wall Street expects SHOP to continue growing rapidly. Consensus estimates call for SHOP to report strong revenue growth moving forward, but real operating leverage to take place only starting in 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30f9781f8f53e35e1edae69e4048fa75\" tg-width=\"1280\" tg-height=\"462\" referrerpolicy=\"no-referrer\"><span>(Seeking Alpha)</span></p>\n<p>Will SHOP be able to meet these lofty expectations?</p>\n<p><b>Where Will Shopify Stock Be In Five Years</b></p>\n<p>I see two main long term growth stories for SHOP. The first involves the company taking a greater share of the e-commerce landscape. Currently, SHOP owns only 8.6% of total U.S. ecommerce sales, far less than the 39% from Amazon (AMZN).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a6430867ab6c0adb1fb051fe4ebfb9eb\" tg-width=\"1280\" tg-height=\"830\"><span>(2020 Q1 Presentation)</span></p>\n<p>SHOP has outlined its goals as stated below, with its near term focuses being on things like Shop Pay, and ultra-long term ambitions being on fulfillment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9cc6893e3b1aa5ed600ea712483de898\" tg-width=\"1280\" tg-height=\"786\"><span>(2020 Q1 Presentation)</span></p>\n<p>I am conflicted on its long-term fulfillment ambitions, as that would likely be capital intensive and may also impact margins for many years (just look at AMZN). However, SHOP may find the ability to offer subsidized shipping to be a necessary poison in order to take market share from AMZN.</p>\n<p>I see SHOP as empowering small businesses to build their own ecommerce presence online. For this reason, SHOP can be considered a sort of \"Anti-Amazon\" catalyst. Yet will AMZN compete with SHOP in this area, considering their&nbsp;recent acquisition of competitor Selz? The answer to this question isn't exclusive to AMZN alone.</p>\n<p>I am most optimistic about Shopify Payments. This is an integration with Stripe which enables stores on Shopify to accept payment similar to that of PayPal (PYPL) - customers can use their Shopify account with saved credit card information to complete their purchase. Because Stripe is the underlying technology behind this integration, I do not expect SHOP to benefit directly from this relationship, however Shopify Payments may help to increase its ability to attract new merchant to its platform. Further, SHOP may be able to increase its take rate for purchases made using Shopify Payments in the future. For these reasons, I expect SHOP to grow significantly faster than the overall growth rate of e-commerce, as it is expanding rapidly within e-commerce itself.</p>\n<p>But most importantly, this ability to save credit card information across Shopify stores is very important as it may help counteract AMZN's advantage of being a one-stop shop. This brings us to the most important differentiator: cost advantage. Between credit card and transaction fees, SHOP charges its shops about&nbsp;3% every transaction. This is far lower than the approximate&nbsp;15% being charged on AMZN. The difference is large enough to provide SHOP certain competitive advantages that should persist even if AMZN tries to enter the same space. Summing up, SHOP's excellent e-commerce builder offering plus its payment processing and cost advantages should enable it to continue aggressively taking market share in the e-commerce segment - I expect it to own a far greater chunk of total e-commerce sales in 5 years.</p>\n<p>As for the stock, if it can achieve consensus estimates, then in 5 years I expect the stock to reach a stock price between $1,550 per share, representing 24x 2025 gross profits, and $1,100, representing 15x 2025 gross profits. That suggests upside of 0% to 40% over the next 5 years.</p>\n<p><b>Is SHOP A Buy Or Sell Now</b></p>\n<p>Because SHOP has not yet maximized its profit margins, one should not value the stock on the basis of present earnings. Instead, one might prefer to use gross profits, as gross margins are also low at 56.5%. SHOP trades at 75x trailing gross profits. Because fulfillment costs are primarily present in the \"cost of merchant revenues,\" this means that gross profit is essentially the amount after fulfillment costs. As a result, it is reasonable to assume that SHOP will be able to achieve high margins on the basis of gross profits - likely higher than even the best technology companies. If we assume that SHOP can achieve 50% net margins based on gross profits, and we assume that SHOP trades at 30x earnings upon maturity, then that would imply a 15x gross profit multiple. Thus, to determine whether or not SHOP is undervalued, we must determine how quickly SHOP can grow gross profits such that its stock price falls below 15x gross profits. Assuming neutral gross margins expansion, SHOP would need to grow its top-line by 400% before achieving the above goal. We can see consensus estimates for top-line growth below.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f7dd8f1bdcc1fb26be32888f5ad44cea\" tg-width=\"1280\" tg-height=\"476\"><span>(Seeking Alpha)</span></p>\n<p>Analysts expect 400% top-line growth to occur by 2024, with continued strong growth thereafter. To price in so many years of growth already may mean that forward stock returns may prove muted. In order to outperform, SHOP would need to either deliver stronger than expected growth or achieve higher net margins than the 50% predicted above. For my personal taste, these all are aggressive assumptions that I am not prepared to take. I would find shares attractive at 50x gross profits or less, but I might not be fortunate enough to see such prices. I reiterate my neutral rating on Shopify stock.</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>Where Will Shopify Stock Be In Five Years?</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\">\nWhere Will Shopify Stock Be In Five Years?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-17 23:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4429315-shopify-stock-five-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nSHOP grew revenues by 110% in this latest quarter - yet another stunning performance.\nSHOP has established itself as the clear number 2 to AMZN - but will that remain so moving forward?\nI ...</p>\n\n<a href=\"https://seekingalpha.com/article/4429315-shopify-stock-five-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SHOP":"Shopify Inc"},"source_url":"https://seekingalpha.com/article/4429315-shopify-stock-five-years","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1167574964","content_text":"Summary\n\nSHOP grew revenues by 110% in this latest quarter - yet another stunning performance.\nSHOP has established itself as the clear number 2 to AMZN - but will that remain so moving forward?\nI analyze the valuation based on growth expectations and predictions for future profit margins.\nI give my final verdict regarding whether the stock is a buy, sell, or hold.\n\nPhoto by JHVEPhoto/iStock Editorial via Getty Images\nShopify (SHOP) saw its business experience exponential growth as sprung by the pandemic. Because SHOP enables its customers to achieve a direct to consumer e-commerce presence, the company appears to be an anti-Amazon secular growth story. SHOP achieved strong growth in its latest quarter, and is expected to grow rapidly this year as well. Even assuming aggressive assumptions regarding forward growth and profit margins, it appears that the stock is already pricing in many years of growth. Those expecting outperformance may be disappointed, unless SHOP is able to grow even faster and make even more money than expected.\nShopify Stock Price\nSHOP has not proven immune to the recent selloff in growth stocks - likely because it is perceived to be a “lockdown play” amidst a rapidly improving vaccination landscape. SHOP trades just under $1,100 per share - with over 35% upside to all time highs.\n(Seeking Alpha)\nShopify Earnings\nSHOP’s latest quarterly earnings showed strong top-line growth, with revenues soaring 110% year over year (‘YOY’).\n(2020 Q1 Presentation)\nClearly, SHOP benefited from easy comparables, as 2020 Q1 was the last quarter before the pandemic hit. However, in addition to benefiting from the growth in e-commerce spend in general, SHOP also added a significant number of merchants to its platform, which is evidenced by the 71% growth in subscription solutions revenue.\n(2020 Q1 Presentation)\nI am most excited by the increasing user base of Shop Pay, which I view to be SHOP’s answer to PayPal (PYPL). In my discussion below, I believe Shop Pay to be SHOP's greatest long term growth catalyst.\n(2020 Q1 Presentation)\nSHOP continued to drive operating leverage, with non-GAAP operating expenses declining to 36% of revenues.\n(2020 Q1 Presentation)\nThis showed in the boost in net income. GAAP net income was $1.3 billion, but this included $1.3 billion in unrealized investment gains. The improvement in operating leverage is better seen in analyzing operating income, which jumped from a net loss of $73.2 million last year to positive $118.9 million this year.\nShopify Stock Forecast\nLooking forward, Wall Street expects SHOP to continue growing rapidly. Consensus estimates call for SHOP to report strong revenue growth moving forward, but real operating leverage to take place only starting in 2023.\n(Seeking Alpha)\nWill SHOP be able to meet these lofty expectations?\nWhere Will Shopify Stock Be In Five Years\nI see two main long term growth stories for SHOP. The first involves the company taking a greater share of the e-commerce landscape. Currently, SHOP owns only 8.6% of total U.S. ecommerce sales, far less than the 39% from Amazon (AMZN).\n(2020 Q1 Presentation)\nSHOP has outlined its goals as stated below, with its near term focuses being on things like Shop Pay, and ultra-long term ambitions being on fulfillment.\n(2020 Q1 Presentation)\nI am conflicted on its long-term fulfillment ambitions, as that would likely be capital intensive and may also impact margins for many years (just look at AMZN). However, SHOP may find the ability to offer subsidized shipping to be a necessary poison in order to take market share from AMZN.\nI see SHOP as empowering small businesses to build their own ecommerce presence online. For this reason, SHOP can be considered a sort of \"Anti-Amazon\" catalyst. Yet will AMZN compete with SHOP in this area, considering their recent acquisition of competitor Selz? The answer to this question isn't exclusive to AMZN alone.\nI am most optimistic about Shopify Payments. This is an integration with Stripe which enables stores on Shopify to accept payment similar to that of PayPal (PYPL) - customers can use their Shopify account with saved credit card information to complete their purchase. Because Stripe is the underlying technology behind this integration, I do not expect SHOP to benefit directly from this relationship, however Shopify Payments may help to increase its ability to attract new merchant to its platform. Further, SHOP may be able to increase its take rate for purchases made using Shopify Payments in the future. For these reasons, I expect SHOP to grow significantly faster than the overall growth rate of e-commerce, as it is expanding rapidly within e-commerce itself.\nBut most importantly, this ability to save credit card information across Shopify stores is very important as it may help counteract AMZN's advantage of being a one-stop shop. This brings us to the most important differentiator: cost advantage. Between credit card and transaction fees, SHOP charges its shops about 3% every transaction. This is far lower than the approximate 15% being charged on AMZN. The difference is large enough to provide SHOP certain competitive advantages that should persist even if AMZN tries to enter the same space. Summing up, SHOP's excellent e-commerce builder offering plus its payment processing and cost advantages should enable it to continue aggressively taking market share in the e-commerce segment - I expect it to own a far greater chunk of total e-commerce sales in 5 years.\nAs for the stock, if it can achieve consensus estimates, then in 5 years I expect the stock to reach a stock price between $1,550 per share, representing 24x 2025 gross profits, and $1,100, representing 15x 2025 gross profits. That suggests upside of 0% to 40% over the next 5 years.\nIs SHOP A Buy Or Sell Now\nBecause SHOP has not yet maximized its profit margins, one should not value the stock on the basis of present earnings. Instead, one might prefer to use gross profits, as gross margins are also low at 56.5%. SHOP trades at 75x trailing gross profits. Because fulfillment costs are primarily present in the \"cost of merchant revenues,\" this means that gross profit is essentially the amount after fulfillment costs. As a result, it is reasonable to assume that SHOP will be able to achieve high margins on the basis of gross profits - likely higher than even the best technology companies. If we assume that SHOP can achieve 50% net margins based on gross profits, and we assume that SHOP trades at 30x earnings upon maturity, then that would imply a 15x gross profit multiple. Thus, to determine whether or not SHOP is undervalued, we must determine how quickly SHOP can grow gross profits such that its stock price falls below 15x gross profits. Assuming neutral gross margins expansion, SHOP would need to grow its top-line by 400% before achieving the above goal. We can see consensus estimates for top-line growth below.\n(Seeking Alpha)\nAnalysts expect 400% top-line growth to occur by 2024, with continued strong growth thereafter. To price in so many years of growth already may mean that forward stock returns may prove muted. In order to outperform, SHOP would need to either deliver stronger than expected growth or achieve higher net margins than the 50% predicted above. For my personal taste, these all are aggressive assumptions that I am not prepared to take. I would find shares attractive at 50x gross profits or less, but I might not be fortunate enough to see such prices. I reiterate my neutral rating on Shopify stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":663,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348537404,"gmtCreate":1617939718108,"gmtModify":1704705078403,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Penny stocks anyone?","listText":"Penny stocks anyone?","text":"Penny stocks anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/348537404","repostId":"2126670406","repostType":4,"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349458081,"gmtCreate":1617633849743,"gmtModify":1704701186799,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"To the moon! ?","listText":"To the moon! ?","text":"To the moon! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349458081","repostId":"2124279779","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340450654,"gmtCreate":1617459372278,"gmtModify":1704699840256,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Go go ⚡️","listText":"Go go ⚡️","text":"Go go ⚡️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340450654","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</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 Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">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.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354293395,"gmtCreate":1617175417817,"gmtModify":1704696795498,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"That’s cool","listText":"That’s cool","text":"That’s cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354293395","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","pubTimestamp":1617094880,"share":"https://ttm.financial/m/news/1163996400?lang=&edition=fundamental","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</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>Coursera: The Education Disruptor Goes Public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future....</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355197701,"gmtCreate":1617033209503,"gmtModify":1704801201371,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355197701","repostId":"1108487611","repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://ttm.financial/m/news/1108487611?lang=&edition=fundamental","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352192931,"gmtCreate":1616902901623,"gmtModify":1704799853037,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Let’s go TSLA","listText":"Let’s go TSLA","text":"Let’s go TSLA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352192931","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","pubTimestamp":1616772179,"share":"https://ttm.financial/m/news/1111192234?lang=&edition=fundamental","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p>\n<p>Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p>\n<p>Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p>\n<p>So far the market isn’t feeling charitable. But the sample size is only one stock.</p>\n<p>NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p>\n<p>For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p>\n<p>Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p>\n<p>RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p>\n<p>Spak rates Tesla stock Hold and has a $725 price target for shares.</p>\n<p>In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p>\n<p>Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</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 Deliveries Are Coming. They Matter More Than Ever. Here’s 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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">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-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":358217471,"gmtCreate":1616696736293,"gmtModify":1704797600076,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Interesting to note","listText":"Interesting to note","text":"Interesting to note","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358217471","repostId":"2122443771","repostType":4,"repost":{"id":"2122443771","pubTimestamp":1616684484,"share":"https://ttm.financial/m/news/2122443771?lang=&edition=fundamental","pubTime":"2021-03-25 23:01","market":"us","language":"en","title":"These 3 Cathie Wood Stocks Could Struggle in a Post-Pandemic World","url":"https://stock-news.laohu8.com/highlight/detail?id=2122443771","media":"Motley Fool ","summary":"Zoom and two other ARK stocks will face tough comparisons this year.","content":"<p><b><a href=\"https://laohu8.com/S/ARKK\">ARK Innovation ETF</a></b> (NYSEMKT:ARKK), the flagship fund of celebrated growth investor Cathie Wood, has been <a href=\"https://laohu8.com/S/AONE\">one</a> of my worst-performing investments this year. I initially bought the ETF in mid-February to gain some exposure to higher-growth stocks that I didn't want to take larger positions in. Unfortunately, many of ARK's stocks fell in tandem as higher bond yields sparked a rotation from growth stocks to value stocks. Rising vaccination rates also exacerbated the pain for many companies that had previously benefited from remote work and other stay-at-home measures.</p>\n<p>I'm not too worried about ARK Innovation's recent decline since it only represents 1.8% of my portfolio and I don't plan to sell my shares anytime soon. However, we should still take a look at a few of ARK Innovation's top holdings to see why they could struggle in a post-pandemic world.</p>\n<p class=\"t-img-caption\"><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F619163%2Fgettyimages-960533052.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\"><span>Image source: Getty Images.</span></p>\n<h2>1. <a href=\"https://laohu8.com/S/ZM\">Zoom</a> Video Communications</h2>\n<p><b>Zoom</b> (NASDAQ:ZM), which became synonymous with video calls during the pandemic, now accounts for over 3% of ARK Innovation's holdings, up from less than 1% last October. ARK significantly increased that stake after Zoom's latest quarterly report in early March, and Wood boldly declared the platform would \"usurp\" older telecom companies during a subsequent interview.</p>\n<p>Zoom's growth rates seem to support that thesis. Its revenue soared 326% to $2.65 billion in fiscal 2021, which ended this January, while its adjusted net income surged 833% to $996 million.</p>\n<p>In fiscal 2022, Zoom expects its revenue to rise 42% to 43%, and its adjusted earnings to grow 7% to 9%. That forecast is solid, especially considering how tough the year-over-year comparisons are, but its stock also seems priced for perfection at more than 80 times forward earnings and 26 times this year's sales.</p>\n<p>Those frothy valuations, along with concerns about a gradual slowdown and competition from other platforms like <b><a href=\"https://laohu8.com/S/FB\">Facebook</a></b>'s Messenger Rooms and <b>Cisco</b>'s Webex, have been weighing down Zoom's stock over the past few months.</p>\n<h2>2. Shopify</h2>\n<p><b>Shopify</b> (NYSE:SHOP) -- the Canadian e-commerce services company that helps companies build their own websites, launch marketing campaigns, process payments, and fulfill orders -- thrived throughout the pandemic as smaller businesses relied heavily on online orders.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/48c898b12f57bde7ba9d6c83939f32a8\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<p>Shopify now accounts for over 3% of ARK Innovation's holdings, up&nbsp;from about 0.5% last November. The company's revenue soared 86% to $2.93 billion in fiscal 2020, its gross merchandise volume surged 96% to $119.6 billion, and its adjusted net income jumped <i>14 times</i> year over year to $491 million.</p>\n<p>Shopify now serves more than a million businesses worldwide, and its decentralized self-service platform continues to attract merchants that don't want to be tethered to <b>Amazon</b> (NASDAQ:AMZN).</p>\n<p>But just like Zoom, Shopify's growth could decelerate after the pandemic passes. Analysts expect its revenue to rise 39% this&nbsp;year, but for its earnings to stay nearly flat as it ramps up its spending again.</p>\n<p>That slowdown could make it tough to justify its high valuations this year. Shopify trades at over 230 times forward earnings and 35 times this year's sales, which makes it even pricier than Zoom.</p>\n<h2>3. Roku</h2>\n<p><b>Roku</b> (NASDAQ:ROKU), the market leader in streaming media devices, generated robust growth throughout the pandemic as stay-at-home measures sparked strong sales of its hardware, which supports the expansion of its advertising and partnership-driven software platform.</p>\n<p>Roku accounts for over 5% of ARK Innovation's portfolio, and that percentage has&nbsp;held steady over the past six months. The company's revenue rose 58% to $1.78 billion in fiscal 2020, and it ended the year with 51.2 million active accounts, up 39% from the end of 2019.</p>\n<p>Its total number of streaming hours increased 55% year over year to 17 billion in the fourth quarter, and its average revenue per user grew 24% to $28.76 as it unlocked more ways to monetize its platform. Roku's net loss also narrowed, from $59.9 million in 2019 to $17.5 million in 2020, and its adjusted EBITDA&nbsp;surged 319% to $150 million.</p>\n<p>Those growth rates crush the bearish notion that other streaming devices and platforms, such as Amazon's Fire TV, will render it obsolete. However, Roku credits a lot of its recent growth to the pandemic, and analysts expect its revenue to rise 44% this year, with a wider net loss.</p>\n<p>Roku trades at about 17 times this year's sales. That high price-to-sales ratio could limit its upside potential this year as it faces tough year-over-year comparisons. However, the stock will likely remain a top play on the secular shift away from traditional pay-TV platforms for the foreseeable future.</p>\n<h2>The bottom line</h2>\n<p>Zoom, Shopify, and Roku all share similar qualities: They all owe some of their growth to the pandemic, trade at high valuations, and face tough comparisons this year. However, all three companies could potentially disrupt their respective markets -- so it might not be a great idea to bet against these stocks, or ARK Innovation's other top holdings, over the long term.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These 3 Cathie Wood Stocks Could Struggle in a Post-Pandemic World</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese 3 Cathie Wood Stocks Could Struggle in a Post-Pandemic World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 23:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/25/these-3-cathie-wood-stocks-could-struggle-in-a-pos/><strong>Motley Fool </strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ARK Innovation ETF (NYSEMKT:ARKK), the flagship fund of celebrated growth investor Cathie Wood, has been one of my worst-performing investments this year. I initially bought the ETF in mid-February to...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/25/these-3-cathie-wood-stocks-could-struggle-in-a-pos/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc","ARKK":"ARK Innovation ETF","ZM":"Zoom","SHOP":"Shopify Inc"},"source_url":"https://www.fool.com/investing/2021/03/25/these-3-cathie-wood-stocks-could-struggle-in-a-pos/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122443771","content_text":"ARK Innovation ETF (NYSEMKT:ARKK), the flagship fund of celebrated growth investor Cathie Wood, has been one of my worst-performing investments this year. I initially bought the ETF in mid-February to gain some exposure to higher-growth stocks that I didn't want to take larger positions in. Unfortunately, many of ARK's stocks fell in tandem as higher bond yields sparked a rotation from growth stocks to value stocks. Rising vaccination rates also exacerbated the pain for many companies that had previously benefited from remote work and other stay-at-home measures.\nI'm not too worried about ARK Innovation's recent decline since it only represents 1.8% of my portfolio and I don't plan to sell my shares anytime soon. However, we should still take a look at a few of ARK Innovation's top holdings to see why they could struggle in a post-pandemic world.\nImage source: Getty Images.\n1. Zoom Video Communications\nZoom (NASDAQ:ZM), which became synonymous with video calls during the pandemic, now accounts for over 3% of ARK Innovation's holdings, up from less than 1% last October. ARK significantly increased that stake after Zoom's latest quarterly report in early March, and Wood boldly declared the platform would \"usurp\" older telecom companies during a subsequent interview.\nZoom's growth rates seem to support that thesis. Its revenue soared 326% to $2.65 billion in fiscal 2021, which ended this January, while its adjusted net income surged 833% to $996 million.\nIn fiscal 2022, Zoom expects its revenue to rise 42% to 43%, and its adjusted earnings to grow 7% to 9%. That forecast is solid, especially considering how tough the year-over-year comparisons are, but its stock also seems priced for perfection at more than 80 times forward earnings and 26 times this year's sales.\nThose frothy valuations, along with concerns about a gradual slowdown and competition from other platforms like Facebook's Messenger Rooms and Cisco's Webex, have been weighing down Zoom's stock over the past few months.\n2. Shopify\nShopify (NYSE:SHOP) -- the Canadian e-commerce services company that helps companies build their own websites, launch marketing campaigns, process payments, and fulfill orders -- thrived throughout the pandemic as smaller businesses relied heavily on online orders.\nImage source: Getty Images.\nShopify now accounts for over 3% of ARK Innovation's holdings, up from about 0.5% last November. The company's revenue soared 86% to $2.93 billion in fiscal 2020, its gross merchandise volume surged 96% to $119.6 billion, and its adjusted net income jumped 14 times year over year to $491 million.\nShopify now serves more than a million businesses worldwide, and its decentralized self-service platform continues to attract merchants that don't want to be tethered to Amazon (NASDAQ:AMZN).\nBut just like Zoom, Shopify's growth could decelerate after the pandemic passes. Analysts expect its revenue to rise 39% this year, but for its earnings to stay nearly flat as it ramps up its spending again.\nThat slowdown could make it tough to justify its high valuations this year. Shopify trades at over 230 times forward earnings and 35 times this year's sales, which makes it even pricier than Zoom.\n3. Roku\nRoku (NASDAQ:ROKU), the market leader in streaming media devices, generated robust growth throughout the pandemic as stay-at-home measures sparked strong sales of its hardware, which supports the expansion of its advertising and partnership-driven software platform.\nRoku accounts for over 5% of ARK Innovation's portfolio, and that percentage has held steady over the past six months. The company's revenue rose 58% to $1.78 billion in fiscal 2020, and it ended the year with 51.2 million active accounts, up 39% from the end of 2019.\nIts total number of streaming hours increased 55% year over year to 17 billion in the fourth quarter, and its average revenue per user grew 24% to $28.76 as it unlocked more ways to monetize its platform. Roku's net loss also narrowed, from $59.9 million in 2019 to $17.5 million in 2020, and its adjusted EBITDA surged 319% to $150 million.\nThose growth rates crush the bearish notion that other streaming devices and platforms, such as Amazon's Fire TV, will render it obsolete. However, Roku credits a lot of its recent growth to the pandemic, and analysts expect its revenue to rise 44% this year, with a wider net loss.\nRoku trades at about 17 times this year's sales. That high price-to-sales ratio could limit its upside potential this year as it faces tough year-over-year comparisons. However, the stock will likely remain a top play on the secular shift away from traditional pay-TV platforms for the foreseeable future.\nThe bottom line\nZoom, Shopify, and Roku all share similar qualities: They all owe some of their growth to the pandemic, trade at high valuations, and face tough comparisons this year. However, all three companies could potentially disrupt their respective markets -- so it might not be a great idea to bet against these stocks, or ARK Innovation's other top holdings, over the long term.","news_type":1},"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353159106,"gmtCreate":1616472681605,"gmtModify":1704794536155,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Anticipating","listText":"Anticipating","text":"Anticipating","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353159106","repostId":"1117197102","repostType":4,"repost":{"id":"1117197102","pubTimestamp":1616469674,"share":"https://ttm.financial/m/news/1117197102?lang=&edition=fundamental","pubTime":"2021-03-23 11:21","market":"us","language":"en","title":"US economy looks to be strengthening: Fed chairman Jerome Powell","url":"https://stock-news.laohu8.com/highlight/detail?id=1117197102","media":"straitstimes","summary":"WASHINGTON (REUTERS) - The US economy is \"much improved\", Federal Reserve Chair Jerome Powell said o","content":"<p>WASHINGTON (REUTERS) - The US economy is \"much improved\", Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing \"unprecedented\" support, but at the same time warning that the recovery is still \"far from complete\".</p>\n<p>\"The recovery has progressed more quickly than generally expected and looks to be strengthening,\" Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. Household spending has risen, he said, and the housing sector has more than fully recovered.</p>\n<p>\"However, the sectors of the economy most adversely affected by the resurgence of the virus, and by greater social distancing, remain weak, and the unemployment rate - still elevated at 6.2 per cent - underestimates the shortfall, particularly as labour market participation remains notably below pre-pandemic levels,\" he said. \"The recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes.\"</p>\n<p>Powell's prepared remarks hewed to thetone of cautious optimism he has struck in recent weeksamid indications that a recovery is gaining strength.</p>\n<p>Fed policymakers and many private forecasters are expecting a surge in spending and economic growth in coming months asmore Americans get vaccinated and venture out.But the Fed last week kept interest rates near zero, where they have been for the past year, and the majority of Fed policymakers continued to see them staying there through 2023.</p>\n<p>Lawmakers are sure to pepper Powell with questions about the potential risks from the Fed's super-easy policy. That includes buying bonds at a pace of US$120 billion (S$161 billion) a month until the Fed sees \"substantial further progress\" toward its goals of full employment and inflation. Powell noted that lower-wage workers, African Americans, Hispanics and other minority groups are among those still hurting.</p>\n<p>Powell last week said it is not time yet even to begin talking about paring the Fed's bond-buying. Though Fed policymakers expect robust growth to help heal the labour market, there's a big hole yet to fill, with the US economy still millions of jobs short of where it was before the crisis.</p>\n<p>And while policymakers see inflation rising to 2.4 per cent this year as people rush to spend their pent-up savings, those price rises are not expected to continue for long. This will allow the Fed to keep its foot on the monetary policy gas pedal longer.</p>\n<p>Tuesday's hearing will mark Powell's first joint appearance with Treasury Secretary Janet Yellen, his predecessor as Fed chair, since she was confirmed earlier this year. The two will appear before the Senate Banking Committee on Wednesday.</p>\n<p>Powell's three previous rounds of congressional updates on the Fed's and Treasury's pandemic-relief efforts were alongside Steven Mnuchin, who ran Treasury in the Trump administration.</p>\n<p>Indeed, Yellen could grab much of the attention of lawmakers, especially in the wake ofPresident Joe Biden's US$1.9 trillion economic relief packagethat passed earlier this month on a strictly party line vote in both chambers of Congress.</p>\n<p>In this week's testimony, Powell reiterated the Fed's commitment to use \"our full range of tools to support the economy and to help assure that the recovery from this difficult period will be as robust as possible\".</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US economy looks to be strengthening: Fed chairman Jerome Powell</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\">\nUS economy looks to be strengthening: Fed chairman Jerome Powell\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-23 11:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/economy/powell-us-economy-looks-to-be-strengthening><strong>straitstimes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>WASHINGTON (REUTERS) - The US economy is \"much improved\", Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing \"unprecedented\" support, but at...</p>\n\n<a href=\"https://www.straitstimes.com/business/economy/powell-us-economy-looks-to-be-strengthening\">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.straitstimes.com/business/economy/powell-us-economy-looks-to-be-strengthening","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117197102","content_text":"WASHINGTON (REUTERS) - The US economy is \"much improved\", Federal Reserve Chair Jerome Powell said on Monday, crediting Congress and the central bank both for providing \"unprecedented\" support, but at the same time warning that the recovery is still \"far from complete\".\n\"The recovery has progressed more quickly than generally expected and looks to be strengthening,\" Powell said in remarks prepared for delivery to a congressional hearing on Tuesday morning. Household spending has risen, he said, and the housing sector has more than fully recovered.\n\"However, the sectors of the economy most adversely affected by the resurgence of the virus, and by greater social distancing, remain weak, and the unemployment rate - still elevated at 6.2 per cent - underestimates the shortfall, particularly as labour market participation remains notably below pre-pandemic levels,\" he said. \"The recovery is far from complete, so, at the Fed, we will continue to provide the economy the support that it needs for as long as it takes.\"\nPowell's prepared remarks hewed to thetone of cautious optimism he has struck in recent weeksamid indications that a recovery is gaining strength.\nFed policymakers and many private forecasters are expecting a surge in spending and economic growth in coming months asmore Americans get vaccinated and venture out.But the Fed last week kept interest rates near zero, where they have been for the past year, and the majority of Fed policymakers continued to see them staying there through 2023.\nLawmakers are sure to pepper Powell with questions about the potential risks from the Fed's super-easy policy. That includes buying bonds at a pace of US$120 billion (S$161 billion) a month until the Fed sees \"substantial further progress\" toward its goals of full employment and inflation. Powell noted that lower-wage workers, African Americans, Hispanics and other minority groups are among those still hurting.\nPowell last week said it is not time yet even to begin talking about paring the Fed's bond-buying. Though Fed policymakers expect robust growth to help heal the labour market, there's a big hole yet to fill, with the US economy still millions of jobs short of where it was before the crisis.\nAnd while policymakers see inflation rising to 2.4 per cent this year as people rush to spend their pent-up savings, those price rises are not expected to continue for long. This will allow the Fed to keep its foot on the monetary policy gas pedal longer.\nTuesday's hearing will mark Powell's first joint appearance with Treasury Secretary Janet Yellen, his predecessor as Fed chair, since she was confirmed earlier this year. The two will appear before the Senate Banking Committee on Wednesday.\nPowell's three previous rounds of congressional updates on the Fed's and Treasury's pandemic-relief efforts were alongside Steven Mnuchin, who ran Treasury in the Trump administration.\nIndeed, Yellen could grab much of the attention of lawmakers, especially in the wake ofPresident Joe Biden's US$1.9 trillion economic relief packagethat passed earlier this month on a strictly party line vote in both chambers of Congress.\nIn this week's testimony, Powell reiterated the Fed's commitment to use \"our full range of tools to support the economy and to help assure that the recovery from this difficult period will be as robust as possible\".","news_type":1},"isVote":1,"tweetType":1,"viewCount":404,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350416316,"gmtCreate":1616250996535,"gmtModify":1704792481488,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350416316","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","pubTimestamp":1616166767,"share":"https://ttm.financial/m/news/1117450855?lang=&edition=fundamental","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","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>Powell says Fed will keep supporting economy ‘for as long as it takes’</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\">\nPowell says Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":359,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350038288,"gmtCreate":1616135527744,"gmtModify":1704791388795,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/350038288","repostId":"1196402560","repostType":4,"repost":{"id":"1196402560","pubTimestamp":1616134696,"share":"https://ttm.financial/m/news/1196402560?lang=&edition=fundamental","pubTime":"2021-03-19 14:18","market":"us","language":"en","title":"New Electric Vehicle Investment Roadmap","url":"https://stock-news.laohu8.com/highlight/detail?id=1196402560","media":"seekingalpha","summary":"Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, an","content":"<p><b>Summary</b></p>\n<ul>\n <li>It's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.</li>\n <li>Last October, I wrote a popular article providing a roadmap for investing in electric vehicles, but since then, so much has changed: new entrants, new strategies, fluctuating valuations, etc.</li>\n <li>So, I updated and greatly expanded the previous EV investment roadmap.</li>\n <li>This update includes a deeper look at valuations for 23 EV companies with revenue projections, when available.</li>\n <li>It also classifies these EV companies into their primary market categories and summarizes their different strategies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb96acc615cba9c7842860658c019ab1\" tg-width=\"768\" tg-height=\"432\"><span>Photo by Sven Loeffler/iStock via Getty Images</span></p>\n<p>My article&nbsp;Electric Vehicle Investment Roadmap&nbsp;published five months ago, was popular, and some followers have requested an update. Many new EV companies entered the market, most of them through SPACs. Valuations fluctuated wildly, and there has been a great deal of publicity around these companies.</p>\n<p>This new updated EV investment roadmap is greatly expanded. In addition to updating the strategies and progress of companies previously discussed, I expanded the number of companies covered. This article also groups EV companies into their primary markets, enabling better comparisons and evaluation of market opportunities. In addition, it includes a comparative valuation chart showing every company's market cap with a comparison to projected revenue, where possible. This takes advantage (good or bad) of looking at the long-term revenue forecasts provided in SPAC mergers that public companies can't make.</p>\n<p>In addition to the EV manufacturers discussed here, there are also EV investment opportunities in charging station companies, battery manufacturers, and battery materials companies. These were covered in the original roadmap and may also be updated in a later article.</p>\n<p>Approximately 2 million EVs were sold in 2019, and although the number declined along with all auto sales in 2020, it is forecasted to increase in 2021 and reach 8-10 million by 2025. Some forecast that EV sales will be greater than internal combustion engine (ICE) vehicles by 2030, or even earlier. The automobile market appears to be moving toward a historical transformation, and exceptional investment gains can be made by anticipating new emerging industries and investing in the eventual winners of those new industries. Amazon(NASDAQ:AMZN), Google(NASDAQ:GOOG)(NASDAQ:GOOGL), and Facebook(NASDAQ:FB)are obvious examples. Electric vehicles (EVs) have the potential to create a new emerging industry.</p>\n<p>There are also significant risks. Hundreds of new EV models are expected to be released in the next three years, which will drive rapid growth in EV sales. However, the expected sales from these new models, as well as the increasing expectations from Tesla, most likely exceed the total projected market. I wouldn't be surprised if many of the companies covered here won't exist five years from now. It reminds me of the internet bubble of the late 1990s when scores of internet-based companies went public with little or no revenue. Almost all of these failed within three years -- however, a couple, including Amazon, went on to enormous success.</p>\n<p>EVs provide a major new investment opportunity with high risks. To succeed, you need to have a clear EV investment roadmap.</p>\n<p>So, how can you invest in this new emerging market? The EV landscape is complex and investment opportunities are varied. While Tesla is the unquestioned leader in EVs, some consider it overvalued and unlikely to show exceptional returns to new investors. The current U.S. legacy automakers are committed to introducing many new EVs in the next few years, and they have some entrenched advantages with volume manufacturing capabilities, a dealer infrastructure, and loyal customers. There are exciting new EV start-ups in the U.S. that have come public this year, mostly through Special Purpose Acquisition Companies (SPACs), and there are several interesting publicly traded Chinese EV manufacturers.</p>\n<p>This new roadmap for EV investment classifies companies into three primary markets segments:</p>\n<ul>\n <li>The<b><i>Consumer Retail</i></b>segment includes EVs sold to consumers individually, such as SUVs, pickup trucks, sedans, etc.</li>\n <li>The<b><i>Commercial Delivery</i></b>segment includes local delivery EV vans and trucks sold to fleets.</li>\n <li>The<b><i>Medium- and Long-Haul Trucking</i></b>segment includes heavier Class 4 - Class 8 trucks, as well as special industrial vehicles.</li>\n</ul>\n<p>In addition, it categorizes<b>Legacy Manufacturers</b>and<b>Chinese EV Companies</b>. This enables investors to evaluate investment opportunities by considering unique opportunities within each market segment.</p>\n<p>There is an enormous amount of investment optimism for EVs, and retail investors have been aggressively buying into EV stocks with seemingly no regard for valuation. Then there is the additional challenge of valuing companies with no revenue, especially those coming public through SPACs. So, valuation is an important investment consideration.</p>\n<p>So let's start by looking at an overview of comparative EV valuations.</p>\n<p><b>EV Investment Valuation Overview</b></p>\n<p>The following chart summarizes valuations for 23 EV companies, including several legacy companies. For SPACs, market cap estimates are computed using the pro forma number of shares at closing, otherwise using the valuation of the SPAC prior to closing drastically underestimates the valuation, which may be misleading to novice investors. Price/Sales ratios (market cap divided by revenue) are used to compare valuations. As a benchmark, current P/S ratios vary. For example, auto and truck companies have a ratio of 2.7X. Software companies have the highest ratios of over 10X.</p>\n<p>In the chart, companies that currently have revenue show current P/S ratios. Where projections are available, projected P/S ratios are computed. A note of caution, however. Many of the EV companies came public through SPACs and published their projections (which public companies cannot do), and many of these are likely to prove unrealistic.</p>\n<p>All of the longer-term revenue projections come from the company (C) forecasts with a SPAC. Some of these may turn out to be accurate, not many are most likely unrealistic. Some, like Lucid, Faraday, and Arrival forecast hitting more than $10 billion in revenue in a few years, when it took Tesla more than 10. Things are different now and they might achieve these, but they could also find that it will take longer to complete development, ramp up production, and create enough customer demand. Many companies may also find that there will be significant capital requirements to achieve this type of growth, and shareholders will be diluted.</p>\n<p><img src=\"https://static.tigerbbs.com/bc360dfa7de01516b7f68d5962cf3017\" tg-width=\"640\" tg-height=\"883\"></p>\n<p>Tesla, the \"gold standard\" in EVs, has a market cap of approximately $650 billion, which many people believe is overvalued. Its market cap is approximately 20X 2020 revenue and 10X estimated 2022 revenue.</p>\n<p><b>Tesla (TSLA)</b></p>\n<p>In the U.S., and to a lesser extent in China, Tesla is the dominant EV provider. It has approximately 60% of the U.S. EV market and about 20% of the market in China. I own a Tesla and love it, but an investment in Tesla stock requires getting comfortable with its valuation. Tesla has a market cap of approximately $650 billion, although declining lately, which some consider still overvalued while others see upside potential.</p>\n<p>The investment opportunity with Tesla is based on the expectation that it will continue to dominate the EV market, or at least maintain significant market share, despite much greater competition from the expected introduction of hundreds of new EV models in the next few years.</p>\n<p>There is a great deal already published about Tesla, so I'll move on.</p>\n<p><b>Legacy Automakers</b></p>\n<p>Some people think that the legacy automakers will simply fade away. Historically, that was the case in some other industries, but it is not going to happen to most automakers. They are not standing still waiting to become obsolete. Most have aggressive strategies to replace ICE vehicles with EVs. GM plans to invest $27 billion and build and launch as many as 30 new EV models by 2025. Ford plans to invest $29 billion in EVs by 2025 and launch as many as 16 EVs in the next two years. Volkswagen(OTCPK:VWAGY)has also committed billions to develop new EVs.</p>\n<p>The competitive advantage that legacy automakers have in selling their new EVs is their dealer network. Will new EV customers prefer to continue going to their regular auto dealer to buy their new EV?</p>\n<p>Almost all legacy automakers worldwide are developing and launching EVs including Volkswagen, Peugeot, Renault/Nissan/Mitsubishi, Hyundai/Kia. Let's look a little more closely at GM and Ford as the leaders in the U.S.</p>\n<p><b>General Motors (GM)</b></p>\n<p>GM has committed to introducing 20 new electric vehicles by 2023, including EVs across Chevrolet, Cadillac, GMC, and Buick. It recently announced that it has already sold out the first-year production of its Hummer electric pickup. By mid-decade, it expects to sell a million EVs per year in its two largest markets: North America and China. As a reference point, Tesla reported deliveries of 367,500 vehicles globally in 2019.</p>\n<p>GM has a solid platform strategy for its EVs. It plans on building its EVs using five interchangeable drive units and three different motors from its Ultium Drive System platform. Ultium energy options range from 50 to 200 kWh, which could enable an estimated range of up to 400 miles. Most of its EVs will have 400-volt battery packs and up to 200 kW fast-charging capability while the truck platform will have 800-volt battery packs and 350 kW fast-charging capabilities.</p>\n<p>The key building blocks of the Ultium battery system are large-scale, high-energy cells. Engineered in partnership with LG Energy Solutions, they use both advanced chemistry and a smart cell design that's optimized for a broad portfolio of EVs. GM engineers and scientists are actively researching and testing new elements in battery chemistry to lower costs and improve charge times. Ultium can contain either vertically- or horizontally-stacked cells to integrate into vehicle design: vertically for trucks, SUVs, and crossovers, or horizontally for cars and performance vehicles. As new chemistry is developed and becomes available, the battery management system could digitally update the modules.</p>\n<p>GM also has other EV opportunities with its BrightDrop commercial EV service and its Cruise subsidiary. BrightDrop will not just sell delivery EVs, it will provide an entire service platform for commercial delivery customers. Its set of electric delivery vehicles starts with the EV600 and includes the BrightDrop EP1, a pod-like electric pallet. SeeGeneral Motors' Aggressive EV/AV Strategies May Payoff Big.</p>\n<p>With its highest stock price of $61.65, GM's current market cap is approximately $89 billion, increasing primarily because of its progress with EVs. This approximately 3X valuation in 2018, but still only 13% of Tesla.</p>\n<p><b>Ford (F)</b></p>\n<p>Ford is also investing heavily in EVs. It just introduced the Mustang Mach-E, a battery-powered crossover with sports car styling, and plans to introduce an all-electric version of its best-selling F-150 pickup later this year. Also, planned is an electric edition of the full-size Transit van, which has been popular in the commercial delivery market. Ford has confirmed plans to build a luxury Lincoln crossover on a battery-powered platform provided by Rivian. The automaker also plans to introduce two new midsize electric crossovers, one each for the Ford and Lincoln brands by 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd8523e15bccc57790940d4218f7b94e\" tg-width=\"1920\" tg-height=\"1080\"><span>Mustang Mach-E. Source: Ford</span></p>\n<p>Ford's market cap is approximately $51 billion, twice its previous market cap, and also increasing.</p>\n<p><b>Consumer Retail EV Companies</b></p>\n<p>The consumer retail market has some unique characteristics for new EV companies. Sales are made individually, not in fleets. This diversifies the risk upon launch because only a sufficient number of customers need to be attracted to the new EV. A wave of popularity can provide terrific momentum.</p>\n<p>However, the lack of a dealer network can be an impediment. Selling EVs directly to consumers instead of through dealers is prohibited in most states. By law, auto manufacturers can't compete with franchised dealers. These are laws that go back many decades to protect dealers. This can be a major impediment for new companies without established independent dealer franchises. So, new AV companies. like Tesla, need to sell their vehicles online. Tesla has successfully done this, but it took a lot of work and time. Lack of a dealer network also creates impediments in service.</p>\n<p>In addition, over the next 4-5 years, autonomous capabilities will be increasingly important to luxury vehicles. This may prove to be a challenge to start-up EV companies because they can't afford to develop this technology.</p>\n<p>Let's look closer at the alternative consumer retail EV investments.</p>\n<p><b>Lucid Motors (CCIV)</b></p>\n<p>Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded itself as Lucid Motors in October 2016 and shifted its strategy to develop an all-electric, high-performance, luxury vehicle. Shortly after that, it encountered financial difficulties and struggled to get short-term funding. In 2018 it raised more than $1 billion in investment, primarily from Saudi Arabia's Sovereign Fund, and gave up a majority of the company.</p>\n<p>Lucid Motors reached an agreement to become a publicly-traded company through a merger with the SPAC Churchill Capital IV Corp., in one of the largest deals SPAC EV deals. The combined company, in which Saudi Arabia's Sovereign Fund will continue to be the largest shareholder, had a transaction equity value of $11.75 billion (for $10/share). At the same time, it closed a PIPE investment priced at $15 a share, giving it an implied pro forma equity value of $24 billion. Rumors about this deal circulated before the transaction was formally announced, making it one of the most anticipated SPAC deals. The hype and speculation drove up the stock price of Churchill Capital IV Corp. from its opening price of $10 a share to almost $60. I believe that some of this may have been driven by novice SPAC investors who didn't realize that the valuation of CCIV didn't include the eventual valuation of Lucid. The share price dropped more than 30% after the details of the deal were announced. It's also likely that Lucid renegotiated the terms of the merger based on the price jump.</p>\n<p>The company's first product is the Lucid Air, a well-equipped luxury electric vehicle that features 406 miles of projected range and 480 horsepower with a starting price of $77,400, or $69,900 after the U.S. Federal Tax Credit of $7,500. This new Lucid Air model is positioned as a high-performance, ultra-efficient luxury EV sedan in a line of future vehicles that are expected to include Lucid Air Touring, Grand Touring, and Dream Edition versions.</p>\n<p>The company plans to begin production and deliveries of the Lucid Air in North America in the second half of 2021. Previously the company aimed to begin deliveries earlier in 2021. It intends to sell the car in Europe in 2022, followed by China in 2023. Lucid vehicles will be produced at its new factory in Casa Grande, Arizona. The company plans to expand the factory in phases in the coming years to have the capacity to produce 365,000 units per year at scale. The initial phase of the $700 million factory construction was completed late last year and will have the capacity to produce 30,000 vehicles a year.</p>\n<p>Lucid also apparently has a commitment to build an assembly plant in Saudi Arabia, which was rumored to be a condition of the $1 billion investment from the Saudi public fund. The Saudi Sovereign Wealth Fund also provided $600 million in bridge financing and invested in the SPAC deal as well. So, while this assembly plant may be expensive and may not be critical, it will most likely need to happen.</p>\n<p>Lucid has ambitious plans to achieve $14 billion in revenue in 2025, and its current stock price at $29.17, which gives it a market cap of more than $46 billion, may already reflect those ambitions. Its market cap is roughly the same as Ford.</p>\n<p><b>Fisker (FSR)</b></p>\n<p>Fisker, which had its origins with Fisker Automotive, is an interesting story that ended in bankruptcy. Henrik Fisker originally co-founded Fisker Automotive in 2007. He was responsible for designing many premium cars such as the Aston Martin. Subsequently, Fisker Automotive had to deal with a Tesla lawsuit against Fisker Automotive alleging it stole Tesla's technology, a controversial $528.7 million conditional loan from the Department of Energy, a recall of its battery produced by A123, and the loss of several hundred vehicles in hurricane Sandy. Henrik Fisker resigned in March 2013 because of disagreements over business strategy and in November 2013, Fisker filed its Chapter 11 bankruptcy case.</p>\n<p>However, Henrik Fisker retained the Fisker brand and trademarks, and in 2016 he started another electric vehicle company named Fisker Inc. with the Fisker brand and trademarks. In 2019, Fisker shifted from developing a sports car with a solid-state battery to the Ocean SUV featuring a lithium-ion battery, which it later abandoned for a solid-state battery.</p>\n<p>Fisker is positioning itself in a unique segment for those who want the most environmentally friendly EV. While this may be an early growth segment for EVs, it's difficult to estimate its eventual competitive advantage and the size of this environmentally-friendly market segment.</p>\n<p>The Ocean is a crossover made of recycled metal and plastic with an expected base price of $37,499, and an expected lease of less than $400 a month. Fisker's plan is essentially a lease-only business model that lets customers keep a vehicle for years or return it at any time. It aims to source motors, batteries, and other components from technical partnerships with automakers and will outsource production from existing auto plants. Fisker is currently taking reservations at $250 for the Ocean. It also announced an agreement with Foxconn to jointly develop a vehicle pioneering a new market segment to be sold globally under the Fisker brand commencing in Q4 2023. at the end of 2022. Production will start at Magna Steyr's manufacturing facilities in Europe. At the end of February 2021, it had 12,467 cancellable reservations.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/924a617c90fc3276d7bdab8c64ebfdcf\" tg-width=\"744\" tg-height=\"389\"><span>Fisker Ocean. Source: Fisker</span></p>\n<p>Fisker went public using a SPAC (Spartan Energy). The original combination with SPAQ in October 2020 was valued at $2.9 billion with a cash investment of approximately $1 billion. The stock currently trades at approximately $21 per share, after reaching a high of $28.50, from the original price of $10, which is a market cap of $4.6 billion. Fisker projects $3.3 billion in revenue in 2023. It had almost $1 billion in cash at the end of 2020 and expected to use almost half of this in 2021: $250 million on operating expenses and $250 million in capital investments. If the Ocean is delayed into 2023, Fisker risks missing its revenue objective and will potentially need additional cash to complete development and launch.</p>\n<p><b>Faraday Future (PSAC)</b></p>\n<p>Faraday Future was originally established in May 2014 by Chinese businessman Jia Yueting. It is headquartered in Los Angeles and has offices in Silicon Valley, Beijing, Shanghai, and Chengdu. Faraday Future also had a turbulent history. In 2016, it struggled financially, and in 2017 some key executives departed over a dispute about financial issues. They later founded Canoo.</p>\n<p>In December 2018 the company announced layoffs due to a cash crunch and financial troubles. The company's founder Jia Yueting filed for personal bankruptcy in the United States' federal court in Delaware on October 14, 2019. Following Jia's personal bankruptcy, he decided to step down from his role as CEO of Faraday Future in order to assume a new position as the Chief Product and User Officer. He was replaced as CEO by Carsten Breitfeld, the former CEO at rival electric vehicle startup Byton.</p>\n<p>Somehow, Faraday was able to raise $2.3 billion in private funding over 5 rounds from a variety of investors. In early 2018, it received $1.5 billion in funding from an undisclosed investor from Hong Kong.</p>\n<p>Faraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e38bfb3211c72bb73bc26f2ebe296fe\" tg-width=\"1280\" tg-height=\"854\"><span>FF 91. Source: Faraday Future</span></p>\n<p>Its strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.</p>\n<p>Faraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.</p>\n<p>The Primary Manufacturing Facility for FF 91 is in Hanford, CA with contract manufacturing for future models in Gunsan, South Korea.</p>\n<p>Faraday Future is planning high-Level automation with a Level-3 capable system using a redundant safety architecture based on NVIDIA Xavier System-on-a-chip. It will be capable of highway auto-drive and hardware ready for advanced auto-drive. It is targeting full autonomous valet parking &amp; summon in any parking lot or structure. Eventually, it expects full auto-drive, including full 360˚ sensor coverage for advanced auto-drive &amp; auto-park features.</p>\n<p>In January 2021, Faraday Future announced that the company would go public through a reverse merger with the special purpose acquisition company Property Solutions Acquisition Corp. (PSAC). The combined company will be valued at $3.4 billion. Faraday Future is expected to set up contract manufacturing operations in China through their partnership with Geely. Taiwanese manufacturer Foxconn is also expected to serve as an additional strategic partner.</p>\n<p>Faraday Future projects $10.5 billion in revenue in 2024 and $21.5 billion in 2025. Revenue is expected to start in 2022 with the delivery of 2,400 vehicles for $504 million. Most likely these projections could prove to be optimistic. At a current stock price of approximately $12.80, it has a market cap of about $4.3 billion.</p>\n<p><b>Lordstown Motors (RIDE)</b></p>\n<p>Lordstown Motors based in Lordstown, Ohio, was originally founded in 2018 by Steve Burns, the former CEO of Workhorse Group. The company licensed technology from Workhorse in return for royalties and a 10% ownership. Lordstown is named after the famous GM Lordstown manufacturing plant, which it acquired in November 2019 in an unusual transaction. GM announced that it was closing the plant and was under a great deal of pressure for that decision. So, GM \"sold\" the plant to a company that was renamed Lordstown for an estimated $20 million that it loaned to the acquiring company. Subsequently, the sale was redefined to be part of a $75 million investment by GM, of which $50 million was an in-kind exchange for the plant.</p>\n<p>Lordstown went public through the SPAC DiamondPeak Holdings Corp. in 2020. It currently has more than 400 employees.</p>\n<p>Its first product is the Lordstown Endurance, a full-sized EV pickup truck. Lordstown is positioning Endurance for the pickup fleet market segment. The expected price is $52,000+, and it claimed to have more than 100,000 pre-orders by January 2021. However, a recent research article published by a short seller claimed \"Our research has revealed that Lordstown's order book consists of fake or entirely non-binding orders, from customers that generally do not even have fleets of vehicles.\" Lordstown is disputing that article.</p>\n<p>It believes the fleet pickup market segment is underserved with no current EV-focused competition. It estimates that the full-sized pick-up truck fleet market is 1.2 million vehicles per year in the U.S., but it's more fragmented than other truck fleets. Pickup \"fleets\" tend to be much smaller and local, so there may not be much of a market distinction for a small company buying several EV pickups from a traditional auto dealer. About half of the total U.S. pickup market is classified as fleet sales, meaning more than one.</p>\n<p>Even though Lordstown is targeting the commercial fleet market, it is a similar product to the Ford EV F-150. So I classify it in the consumer EV category. It is a class 2 vehicle. Lordstown also may enter the SUV market in the longer-term.</p>\n<p>The Endurance will compete against future models from Rivian and Tesla, as well as Ford and GM in ICE pick-ups and their upcoming EV pick-ups. Ford plans on selling its EV F-150 in mid-2022. Initial production of the Endurance is expected in the second half of 2021, so it may have a short market advantage. Nevertheless, it forecasts selling 65,000 vehicles in 2023 and 107,000 in 2024. These estimates could be a large percentage of the EV pick-up market in those years.</p>\n<p>At the SPAC merger, the implied valuation for Lordstown was $1.6 billion, including a $500 million PIPE and the $75 million by GM. Lordstown's financial projections appear to be aggressive. It projects to start shipping the Endurance in late 2021 with projected revenue in 2022 of $1.7 billion, increasing to $5.8 billion in 2024. Its stock price at approximately $13.60 values the company at a market cap of approximately $2.2 billion. The value of the company depends on the likelihood of achieving its projections.</p>\n<p>A fleet sales strategy makes sense for Lordstown since it would be too expensive to build a retail sales and service capability. However, it's not clear that this will become a distinct competitive advantage. Some small fleets may still prefer to buy their EV pickups from established local dealers with service capabilities.</p>\n<p><b>Canoo (GOEV)</b></p>\n<p>Canoo started as Evelozcity in 2017 and rebranded as Canoo in the spring of 2019. Canoo is a Los Angeles-based company that develops electric vehicles. It has over 350 employees. Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space, which is adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, simply named the Canoo that will be available by subscription, followed shortly after by a multi-purpose delivery vehicle and a sports vehicle, each built off of the same underlying platform. Canoo went public using a SPAC (Hennessy Capital Acquisition) and now trades as GOEV.</p>\n<p>Canoo's all-electric skateboard-like platform is designed to support both consumer retail and commercial vehicle configurations. The EV leverages Canoo's flat skateboard architecture for a high level of usable interior space. Its commercial vehicle program, expected in 2023, addresses a projected $50B+ last-mile delivery market with an EV platform that maximizes cargo volume.</p>\n<p>Hyundai Motor Group said it would jointly develop an electric vehicle platform with the company.</p>\n<p>Canoo's platform strategy is interesting. It could be used as an EV platform for custom fleets of delivery vehicles. It has no AV development, but it claims to be \"AV Ready\" which could be useful for AV companies wanting to build custom AV delivery fleets.</p>\n<p>Its all-electric multi-purpose delivery vehicle is expected to be priced starting at approximately $33,000. It is based on Canoo's proprietary electric platform and will be offered in two initial size variants, with others to follow. Limited availability will begin in 2022, with scaled production and launch planned for 2023. Customers can pre-order the multi-purpose delivery vehicle for a refundable deposit of $100 per vehicle</p>\n<p>It plans to offer two multi-purpose delivery vehicles: the MPDV1 and the larger MPDV2. The first has a 200-foot cargo volume and a range of 130-200 miles. It offers more capacity than today's ICE delivery vehicles at an affordable price with urban mobility enabled by a space-efficient footprint. The vehicle is also designed to fit within many height-restricted areas like parking garages.</p>\n<p>The MPDV2 has a cargo volume of 450 feet and a range of 90-190 miles. Its roof and step-in height enable individuals to easily walk-in the vehicle and accommodate a standing position while inside.</p>\n<p>The original SPAC transaction provided approximately $600 million, with a pro forma equity value of approximately $2.4 billion. Like other SPAC mergers, its stock price has fluctuated. It currently trades at about $15.90 per share for a market cap of approximately $3.7 billion. Canoo projects $2.0 billion in revenue in 2025 from about $500 million in engineering services, $1.2 billion from its consumer vehicle subscriptions, and the remainder from its commercial program. Canoo expects revenue of more than $300 million in 2022 after the launch of its lifestyle consumer vehicle.</p>\n<p>Since its first products are aimed at consumers, as is most of its forecasted 2025 revenue, I categorize it primarily as a consumer EV company. However, I think the design of that Canoo vehicle may not attract enough customers. More importantly, its subscription service way of selling its EV to consumers is risky. I think it has more potential in the commercial market, however, a dual strategy (consumer and commercial) is challenging. I like its skateboard platform design and that could prove to be a competitive advantage.</p>\n<p><b>Rivian</b></p>\n<p>Although not yet public, I include Rivian because it has plans for an IPO as soon as Sept 2021, although it could slip into 2022. There are rumors that the company is targeting a market valuation of approximately $50B. Rivian has already raised more than $8 billion to date from Amazon, Ford, T. Rowe Price, and others.</p>\n<p>Rivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications, including the company's adventure products, as well as B2B products such as the Amazon last-mile delivery vans. The company's initial products, the R1T and R1S, provide a combination of performance, off-road capability, and utility. These vehicles will be produced at Rivian's manufacturing plant in Normal, Ill., with customer deliveries expected to begin in summer 2021. The launch of the R1S three-row electric SUV will follow in August.</p>\n<p>Additional lower-priced models are being planned. The expected R2 series would include at least two smaller electric vehicles to coincide with the smaller platform, then another platform for R3.</p>\n<p><b>Commercial Delivery EV Companies</b></p>\n<p>EV truck companies differ based on the type of truck they are developing. The technology and markets are very different, so I separate them into two categories. The first category includes commercial delivery vehicles.</p>\n<p>Companies making EV delivery vehicles have some major advantages that could make them good investments. First, delivery vehicles typically travel less than 250 miles during a day, so they can be conveniently recharged overnight. Secondly, they are typically sold in large quantities to fleets. This means that building a retail sales infrastructure is not necessary. It only requires a small salesforce. In addition, maintenance can also be provided at the fleet's operational center, so not as many service centers are required.</p>\n<p>The disadvantage in this market is that there are a relatively small number of customers that buy in large volumes, so if the EV manufacturer can't get enough large customers, they may not be able to stay in business. GM estimates the combined market opportunity for parcel and food delivery, as well as reverse logistics, in the U.S. will be more than $850 billion by 2025.</p>\n<p>The commercial market is expected to be a major growth area for EVs. Other start-up automakers like Rivian as well as legacy automakers such as Ford, Daimler, and GM have announced plans to enter the segment. GM recently announced its BrightDrop ecosystem for commercial customers that includes an all-new electric delivery van, the EV600 available by the end of 2021, as well as an integrated autonomous pallet and related services.</p>\n<p>This group of EV companies focuses primarily on commercial delivery. In general, these are in the light-duty trucks category, although it also includes some medium-duty trucks. This generally includes the following commercial truck classes:</p>\n<ul>\n <li>Class 1: This class of trucks has a GVWR of 0-6,000 pounds or 0-2,722 kilograms.</li>\n <li>Class 2: This class of trucks has a GVWR of 6,001-10,000 pounds or 2,722-4,536 kilograms.1</li>\n <li>Class 3: This class of trucks has a GVWR of 10,001-14,000 pounds or 4,536-6,350 kilograms.</li>\n</ul>\n<p>It can also include somewhat larger medium-duty EV delivery trucks:</p>\n<ul>\n <li>Class 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.</li>\n <li>Class 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.</li>\n</ul>\n<p>EV delivery trucks also have an advantage over ICE vehicles because they can have a greater delivery storage space. Smaller buses and transit vehicles are also included in this category.</p>\n<p>Last-mile package delivery is not an immediate-term autonomous vehicle opportunity because it requires a delivery person to be on the truck anyway.</p>\n<p><b>Workhorse Group (WKHS)</b></p>\n<p>Workhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.</p>\n<p>The Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.</p>\n<p>The C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.</p>\n<p>Workhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.</p>\n<p>Workhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America (\"HCA\") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.</p>\n<p>Workhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.</p>\n<p><b>Electric Last Mile (FIII)</b></p>\n<p>Electric Last Mile, based in Troy Michigan, was founded by Jason Luo, former CEO of Ford China before it was acquired by China's Ningbo Joyson Electronic for $920 million in 2016, including James Taylor, former CEO of GM's Hummer brand and former CEO of electric car maker Karma Automotive. Taylor serves as the company's top executive with Luo as the company's chairman.</p>\n<p>The company plans to launch a small electric delivery van (class 1-2), called the UD-1, in the third quarter of 2021, and then introduce an Urban Utility vehicle (Class 2-3) in 2022. These are expected to compete with Workhorse, Rivian, Canoo, as well as the Ford eTransit and the GMC BV1, none of which is expected to be a Class 1 vehicle.</p>\n<p>The company says it has 30,000 preorders for its van, representing more than $1 billion in sales. Electric Last Miles vehicles will be based on Sokon's commercial van made in China through a joint venture with Dongfeng Automobile Co Ltd. in order to accelerate development time.</p>\n<p>Electric Last Mile (ELM) is expected to manufacture the vans in a former General Motors Co. Hummer plant in Mishawaka, Ind., that the company is acquiring from China's Chongqing Sokon Industry Group Stock Co. Ltd. The plant has the capacity to produce 100,000 vehicles annually with plans to build approximately 4,000 UD-1 vans by the end of 2021. The UD-1 has a starting price of $32,500 and a range of 150 miles. The battery for the vehicle is expected to be supplied by the Chinese battery company CATL.</p>\n<p>ELM believes that it has a competitive advantage because its first vehicle, the ELM Urban Delivery, is scheduled to be available in 2021. It is based on a proven, existing platform developed and sold by Sokon Group in the Asian market, where there are 30,000 of these electric delivery vehicles driving 1.5 million miles every day. At the close of the business combination, ELM will be an independent, U.S. company producing electric vehicles in the U.S. with Sokon Group providing access to its know-how, parts supply, and field and service data.</p>\n<p>ELM expects that the Urban Delivery vehicle will be the first electric delivery vehicle coming to market in the class 1 category (GVW of 6,000 lbs or less) in the U.S. It will also have 35% more carrying volume compared to similar ICE delivery vehicles, a critical part of the value proposition. It also anticipates that its price and greater carrying volume will allow it to take market share from the class 2 category of vehicles as well.</p>\n<p>Its crossover product portfolio strategy targets commercial delivery vehicles spanning from class 1 to class 3, which represents over 80% of the last mile market.</p>\n<p>ELM anticipates $122 million in revenue in 2021, rapidly increasing to $3 billion in 2025. The price of FIII stock increased immediately following its announcement with Electric Last Mile, rising more than 40% to $14.50, but now it has dropped closer to the original deal price to $10.25 for a market cap of approximately $1.5 billion.</p>\n<p><b>GreenPower Motor Company (GP)</b></p>\n<p>GreenPower Motor Company Inc. is a Canadian battery-electric bus manufacturer with multiple models of high- and low-floor vehicles, including transit buses, school buses, and shuttles. GreenPower offers commercial vehicles for delivery, public transit, schools, vanpooling, micro-transit, shuttles, and is developing a capability of autonomous operation. It went public on August 28, 2020.</p>\n<p>In 2014 GreenPower launched its first purpose-built, battery-electric bus, the EV350, 40-foot transit bus. GreenPower received its first order in 2017 for ten EV350s from the City of Porterville, California.</p>\n<p>GreenPower's electric buses are purpose-built and designed to be all-electric, allowing it to put the battery and propulsion system in optimized locations that provide weight and structural advantages. Its primary EV is the EV Star with more than 120 vehicles delivered. It comes in several variations:</p>\n<ul>\n <li>EV Star - Up to 19 passengers</li>\n <li>EV Star Plus - Up to 24 passengers</li>\n <li>EV Star ADA - Passenger and curbside lift for ADA</li>\n <li>EV Star Cargo - 5,000 pounds of load</li>\n <li>EV Star Cargo Plus - 570 cubic feet of cargo space.</li>\n</ul>\n<p>Its EV school bus seats up to 90 students and has a range of up to 150 miles.</p>\n<p>GreenPower had revenue of $13.5 million in 2020 It has about $21 million in cash. It's an interesting alternative since it is already shipping EVs, has revenue, and also has a lower market cap of less than $1 billion. Since it did a traditional IPO, it hasn't published longer-term financial forecasts.</p>\n<p><b>Arrival (CIIC)</b></p>\n<p>Arrival was founded in 2015 in London to make a variety of commercial electric vehicles. It has approximately 1,200 employees across 11 cities in 8 countries. In November 2020, Arrival and the SPAC CIIG entered into a business combination agreement with an implied valuation of $5.39 billion.</p>\n<p>Arrival plans on releasing four commercial EVs over the next few years.</p>\n<ul>\n <li>Q4/2021: An electric bus for 8-125 passengers and a range of 240-400km</li>\n <li>Q3/2022: An electric delivery van with a payload of 975-2,000kg and a range of 150-340km</li>\n <li>2022: A larger electric van with a payload of 4,000 kg and a range of 190-400km</li>\n <li>2023: a small vehicle platform with a range of 100-300km.</li>\n</ul>\n<p>This mix provides a nice diversified portfolio of EVs. Arrival claims to have received orders from UPS for 10,000 vans. It plans a unique flexible manufacturing approach using micro-factories with each projected to manufacture 10,000 vans per year. All of its vehicles use a modular skateboard electric platform.</p>\n<p>Arrival ambitiously projects $14.1 billion in revenue in 2024. Half of that revenue is expected from delivery vans, 22% from buses, and the rest from the large van and its small vehicle platform. With CIIC's stock price at $24.80 per share, Arrival's current market cap is relatively high at approximately $15.0 billion. Justifying its market cap depends on its ability to release, sell, and produce its four commercial EVs.</p>\n<p><b>Proterra (ACTC)</b></p>\n<p>Proterra is a commercial electric vehicle company with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that claims to deliver higher performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers.</p>\n<p>Proterra, Inc., was originally founded in Golden, Colorado, by Dale Hill in 2004. Later the company wanted to take the lead in creating zero-emission, U.S.-based transit buses. In 2010 it moved its manufacturing plant from Golden, Colorado to Greenville, South Carolina. In 2015, Proterra was awarded a $3 million grant from the California Energy Commission to fund the design, development, and construction of the company's battery-electric transit bus manufacturing line in the City of Industry, California. It moved its headquarters from Greenville, South Carolina, to Burlingame, California, in October 2015. Proterra raised more than $600 million in funding.</p>\n<p>It is going public through the SPAC ArcLight (ACTC) with a pro forma valuation of $1.6 billion. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&amp;D and the expansion of its next-generation battery program.</p>\n<p>Proterra has three complementary businesses:</p>\n<ul>\n <li><b>Proterra Powered</b>: Delivering battery systems and electrification solutions to commercial vehicle manufacturers</li>\n <li><b>Proterra Transit:</b>Providing an electric transit bus OEMs</li>\n <li><b>Proterra Energy:</b>Offering turnkey charging and energy management solutions.</li>\n</ul>\n<p>The company's battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with commercial vehicle OEMs. Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems.</p>\n<p>Proterra expected $193 million of revenue in 2020, with an estimated $750 million in existing orders and backlog. It projects $2.5 billion in revenue in 2025, with about 1/3 coming from its Transit business, and 2/3 From Powered &amp; Energy. At ACTC's current stock price of $17.85, Proterra has a market cap of about $4.3 billion.</p>\n<p><b>Rivian</b></p>\n<p>Rivian (see earlier description in consumer retail) will also compete in the commercial delivery market. It has been working with Amazon (a major investor) to build large electric delivery vans for Prime. Developed specifically for Amazon, a small fleet of Prime vans is on the road now, testing deliveries to customers and gathering feedback. In late fall, it could grow to a large fleet as Rivian ramps up the volume.</p>\n<p>The EV range of 150 miles is tailored to Amazon's use cycle to optimize the size, weight, and cost of the commercial vehicle. Rivian has three sizes of batteries, but Amazon is starting with just one of them.</p>\n<p><b>Canoo (GOEV)</b></p>\n<p>See the previous summary under consumer retail EV.</p>\n<p>Medium and Long-Haul Trucking EV Companies</p>\n<p>Companies developing medium- and long-haul EV trucks face a more difficult challenge with battery range. These trucks haul much more weight than commercial delivery vehicles and because they are designed for long distances, they can't stop every 200-300 miles for recharging.</p>\n<p>For this reason, many of these companies are using unique hybrid technologies for their trucks. The EV trucks in this category are primarily heavy-duty but also include some medium-duty trucks and specialty vehicles. A couple of the companies focus on retrofitting trucks to be electric.</p>\n<p><b>Medium-Duty Trucks</b></p>\n<p>The medium-duty trucks category includes commercial truck classes 4, 5, and 6:</p>\n<ul>\n <li>Class 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.</li>\n <li>Class 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.</li>\n <li>Class 6: This class of trucks has a GVWR of 19,501-26,000 pounds or 8,846-11,793 kilograms.1</li>\n</ul>\n<p><b>Heavy-Duty Trucks</b></p>\n<p>The heavy-duty trucks category includes commercial truck classes 7 and 8:</p>\n<ul>\n <li>Class 7: This class of trucks has a GVWR of 26,001 to 33,000 pounds or 11,794-14,969 kilograms.</li>\n <li>Class 8: This class of trucks has a GVWR of greater than 33,001 pounds or 14,969 kilograms and includes all tractor-trailers.</li>\n</ul>\n<p>The Tesla Semi is a battery vehicle planned for a range of 300 or 500 miles and a speed of 60 MPH with 80,000 lbs of cargo. Tesla plans to start shipping the Semi later this year when it expects to have sufficient cell volume to meet its needs with the production of its 4680 battery pack.</p>\n<p><b>Nikola</b><b>(NASDAQ:NKLA)</b></p>\n<p>Nikola has been a very controversial company. Founded in 2015, it originally had two different strategies. Its primary strategy is to lease fuel-cell electric vehicle (FCEV) Class-8 heavy trucks and provide the refueling infrastructure to corporate customers. Its second strategy was to develop the Badger EV truck using GM technology.</p>\n<p>Nikola originally merged with a SPAC to go public, at an enterprise value of approximately $3.3 billion. On June 6th, 2020, its market cap jumped to more than $30 billion, then later it dropped because of problems with its originally planned deal with GM.</p>\n<p>Nikola originally expected a deal with General Motors that included the production of the Nikola Badger EV pickup truck. The proposed arrangement was that GM would take a $2 billion equity stake in Nikola and in return would engineer and produce the Badger. In November 2020, GM and Nikola scrapped the original arrangement. Now it appears that GM will supply Nikola with only its Hydrotec hydrogen fuel-cell technology to integrate into the EV manufacturer's commercial class 7 and class 8 zero-emission semi-trucks. So, the Badger is probably dead.</p>\n<p>Nikola now sees semi-trucks as the company's \"core business\" and fuel cells as an increasingly important segment of the semi-truck market thanks to their efficiency in weight and consumption. It expects to begin testing by the end of 2021.</p>\n<p>It has received pre-orders from Anheuser-Busch and a few other companies, but it doesn't expect deliveries until 2023. Hydrogen fueling stations are key to its strategy, both providing a source of revenue and necessary fueling infrastructure for the trucks to operate, but they also cost a lot. In its March 2020 investor deck, Nikola said a single station capable of fueling 210 trucks a day would cost $16.6 million. Its initial planned network of 700 stations would cost roughly $11.6 billion.</p>\n<p>Nikola was also accused of misrepresentation, and its executive chairman and founder stepped down.</p>\n<p>At the time of the SPAC merger, it projected an optimistic forecast of more than $3 billion in revenue by 2024, with a net income of $145 million. Most of that revenue was expected to come from its Badger truck, which is no longer in the plans. Yet its market cap is still almost $6 billion.</p>\n<p><b>Hyliion (HYLN)</b></p>\n<p>Hyliion, founded in 2015 in Austin, went public in October 2020 through the SPAC Tortoise Acquisition Corp. (SHLL). In March 2019, automotive parts manufacturer Dana Inc. made an equity investment into Hyliion, and together they are manufacturing and marketing Class 8 EVs to Dana's customers, including Volvo, Navistar, and Peterbilt.</p>\n<p>Hyliion's strategy is unique, and a very different strategy from Nikola. Essentially it generates electricity onboard the truck using compressed natural gas (CNG). This should be a benefit for longer-range trucking. Hyliion's Hypertruck concept involves an all-electric drivetrain utilizing Dana's electric motor, inverter, and axle technologies. The truck's batteries are fueled by onboard tanks of CNG. With some 700 CNG stations already operating nationwide, it believes that there no need to build out expensive superchargers or hydrogen infrastructure.</p>\n<p>Kuwait-based logistics company, Agility, has already placed an order for 1,000 Hypertrucks with initial deliveries targeted in 2022. Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range.</p>\n<p>Hyliion will eventually compete with Nikola (FCEV) and the Tesla battery-based Semi, but it plans to have a longer range and lower operating costs. Its HyperTruck ERX is expected to be available in 2021. It also has a hybrid-electric truck.</p>\n<p>The combination with SHLL had an estimated market cap of about $1.5 billion, with approximately $530 million going to the company, including a $325 million fully committed PIPE. At approximately $13.50 per share, its current market cap is approximately $2.2 billion, significantly down from its peak. Hyliion projects $2 billion in revenue in 2024, which it claims is only about 2% of the addressable market.</p>\n<p><b>XL Fleet (XL)</b></p>\n<p>XL Fleet is a 10-year old company that went public through the SPAC Pivotal. XL is different because it provides fleet electrification modifications for ICE trucks across a wide range of vehicle classes (class 2-5) and types. It has over 200 of the largest commercial and municipal fleets as customers, with more than 3,200 XL systems deployed and over 130 million miles driven by customers to date. XL's customer base includes FedEx, Coca-Cola, PepsiCo, Verizon, the City of Boston, Seattle Fire Department, Yale University, and Harvard University.</p>\n<p>XL's business model is essentially retrofitting existing trucks to be hybrids and then later expanding into fully electric truck conversions. It claims to be creating a fully integrated platform for this. It remains to be seen if the retrofitting business will continue to grow or will it diminish when more trucks are designed and manufactured with EV capabilities.</p>\n<p>Unlike some other EV companies that have no revenue yet because they are still developing products, XL is more of a small company doing low-volume retrofits. It had $7.2 million in revenue in 2019, $21 million in 2020, and estimates $76 million in 2021, but it forecasts $1.3 billion in revenue in 2024 in its investor presentation. It plans to do this by expanding its product line from hybrid to plug-in hybrid to fully electric across a broader range of trucks. It claims to have a $220 million sales pipeline for the next 12 months.</p>\n<p>Short-seller, Muddy Waters, claimed after talking to former XL Fleet employees, that it believed the company significantly exaggerated its order backlog, that the return on investment for the company's products was likely negative, and that it would not be able to compete with big car makers on electrification. The company thoroughly refuted these claims.</p>\n<p>The original enterprise valuation was approximately $1.4 billion at a $10 share price for the merger. Its price jumped by about 35% but has since gone back down to $12.40 for a market cap of about $1.8 billion. Although XL Fleet has revenue and other EV companies don't, this may not be an advantage. It appears to be a small company for many years that has gone public at a high valuation with grand plans. The risks are in its ability to make a jump from $76 million in 2021 to $1.3 billion in 2024, as well as the question about retrofitting being replaced by new EV trucks by then.</p>\n<p><b>Xos (NGAC)</b></p>\n<p>Xos Trucks specializes in the field of manufacturing fully electric commercial vehicles. It features a software platform that is designed to accommodate an extensive variety of medium-duty bodies, wheelbase, and range requirements up to 200 miles. It was founded in 2016 and headquartered in North Hollywood, California. It received $20 million of investment in 2020 and now is going public through a merger with the SPAC ExtGen Acquisition Corporation (NGAC) at an estimated proforma value of $1.965 billion.</p>\n<p>Its focus is on medium- and heavy-duty last mile and return-to-base segments (class 5/6, class 6/7, and class 7/8) commercial fleets and specialty vehicles. Some vehicles are currently in production and in regular on-road operations with key fleet customers, and it claimed 6,000 unit orders in backlog.</p>\n<p>Its MD-platform is for classes 5-6 for pickup and delivery. Its HD X-Platform is an adaptable chassis for highway, vocational, and severe work conditions. Its market is for customers with highly predictable routes that allow for batteries designed for a more limited range. A significantly larger frame and smaller battery pack allow for reduced density.</p>\n<p>Xos has a bundled all-in-one offering that allows fleets to access all the tools and services they need to go electric with a single point of contact at a fixed monthly expense.</p>\n<p>Xos had $3 million in revenue in 2020 and estimates $14 million in 2021. However, it forecasts $5.2 billion in revenue in 2025. At the current stock price of $10.30, its market cap is approximately $2 billion, about the same as its original SPAC transaction.</p>\n<p><b>Lion Electric (NGA)</b></p>\n<p>Lion Electric is a Canadian company founded by Marc Bédard in 2008. Its focus is to be a leader in designing, developing, and manufacturing purpose-built urban electric vehicles; vehicles that are specifically designed as delivery trucks, refuse trucks, bucket trucks, moving trucks, school buses, and shuttle buses. It has over 300 all-electric vehicles on the road today.</p>\n<p>In November 2020, it announced that it was going public through the SPAC NGA. The transaction had an estimated pro forma enterprise value of $1.5 billion.</p>\n<p>It plans on seven new truck models and one new school bus, for a total of 15 all-electric vehicles, representing a full line-up from class 5 to class 8 electric trucks and a full line-up of electric school buses. Its vehicles are produced at its existing manufacturing plant, which has the capacity for the production of up to 2,500 vehicles per year. It intends to open a new plant in the U.S. capable of delivering over 20,000 Lion trucks and buses per year by 2022.</p>\n<p>Its all-electric class 6 and class 8 commercial urban trucks combine power, comfort, and modern technology. Custom-built chassis and cabin designed specifically for an all-electric heavy-duty vehicle. The LionC is an all-electric Type C school bus manufactured in North America. The body and chassis were specifically designed to deliver optimal performance. The LionM is an all-electric midi/minibus that meets paratransit and public transportation requirements. Created and designed specifically for the paratransit market, the is spacious and offers unique features that provide enhanced security and accessibility to the end-users.</p>\n<p>Lion Electric had $29 million in revenue in 2020 and expects $204 million in 2021. It forecasts revenue to jump to $3.6 billion a few years later in 2024. Its current market cap is approximately $3.6 billion based on its current stock price of $18.33.</p>\n<p><b>Lightning eMotors (GIK)</b></p>\n<p>Lightning eMotors, formerly Lightning Systems, was founded in 2008 and is headquartered in Loveland, Colorado. It provides fleet electrification for familiar commercial vehicle platforms by retrofitting them with its electric powertrains. Lightning eMotors produces electric fleet medium- and heavy-duty vehicles, including delivery trucks, shuttle buses, passenger vans, ambulances, bucket trucks, chassis-cab models, and city transit buses. It focuses on urban commercial zero-emission vehicles with a full range of class 3 through class 7 battery-electric and fuel-cell electric vehicles.</p>\n<p>Lighting eMotors helps commercial fleets achieve their sustainability goals by offering zero-emission battery-electric vans, trucks, and buses based on familiar, proven vehicles from manufacturers such as Ford and GM. It works with customers, to help them identify their unique commercial electric vehicle, charging, and grant support needs.</p>\n<p>The Lightning products include integrated all-electric powertrains for the Ford Transit 350HD passenger and cargo vans, Ford E-450 shuttle bus and cutaway models, Ford F-59 step/food van, Ford F-550 cargo trucks and buses, Chevrolet 6500XD Low Cab Forward model, and 30-foot, 35-foot, and 40-foot transit buses.</p>\n<p>Lightning has 120 vehicles on the road, and 1,500 vehicles already on order from customers. In addition to making vehicles and powertrains, Lightning also provides a full suite of charging solutions for customers.</p>\n<p>The deal with GIK has an enterprise value of $650 million, although there is also an Earnout of 20.0% of total pro forma shares outstanding to Lightning eMotors shareholders if the stock crosses certain price thresholds.</p>\n<p>At the current price, of $11.73, GIK has a market cap of approximately $1 billion, a little more than the original transaction valuation. Similar to XL Fleet, Lightning has the risk that retrofitting may only be an interim business opportunity until more EV trucks are produced.</p>\n<p><b>Public Chinese EV Companies</b></p>\n<p>China will be the biggest EV market opportunity, and EV start-ups may do better there because there isn't as much entrenched competition from domestic auto companies. China is already the largest EV market in the world, with almost a million EVs sold in 2019. Its EV market represents almost half of the global EV sales volume and is much larger than the U.S. market.</p>\n<p>The Chinese government has ambitions to become a global leader in new energy vehicles. Soon after the coronavirus outbreak subsided within the country, Chinese authorities announced new policies to support the auto and electric vehicle industries.</p>\n<p>These Chinese companies are traded through American depository shares (ADS) that contain certain risks. There are financial reporting and transparency risks with these companies, and on top of that, the newer companies are being classified as \"emerging growth\" companies that are already exempt from certain transparency requirements set out in the Sarbanes-Oxley Act of 2002. Like the previous EV stock, these stocks have also been very volatile.</p>\n<p>In addition to legacy auto manufacturers like BYD, there are also three Chinese EV companies that are publicly traded through American depositary shares.</p>\n<p><b>BYD Co., Ltd. (OTCPK:BYDDY)</b></p>\n<p>BYD, which means build your dreams, is the automotive subsidiary of the Chinese multinational BYD Co Ltd. It was founded in January 2003, following BYD Company's acquisition of Tsinchuan Automobile Company. The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries, and trucks. The current model range of automobiles includes electric vehicles, plug-in hybrids, and petrol-engined vehicles. Thirteen years ago, on the advice of his famously skeptical lieutenant, Charlie Munger, Warren Buffett made a $232 million investment in BYD, a relatively unknown Chinese car company.</p>\n<p>By parlaying BYD's rechargeable battery technology into a fast-growing carmaking operation, it gained a foothold in the fledgling electric vehicle market, building longer-lasting batteries and cheaper vehicles than American and Japanese manufacturers were managing to do at the time. In BYD, Buffett and Munger believed they had found a company with a shot at one day becoming the largest player in a global automobile market that was inevitably going electric.</p>\n<p>BYD's start to 2021 was strong with 19,871 plug-in electric cars sold in January in China, including hybrid plug-ins. That was a big increase over 2020 but not as much as 2019.</p>\n<p><b>LI Auto (LI)</b></p>\n<p>Lixiang, formerly known as Chehejia (\"Car and Home\"), was founded in 2015 and went public in the U.S. on July 30th, 2020. It is a Beijing-based electric-vehicle startup with vertically integrated manufacturing. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles.</p>\n<p>The company's SUVs are hybrids of a sort. They use electric motors (one on the front axle and one on the rear), but those motors are powered by a combination of a 40.5kWh battery pack<i>and</i>a 1.2-liter turbocharged engine paired to a 45-liter fuel tank and a 100kW electric generator, which generates power for the battery pack in real-time. The idea is that the car can be driven for about 100 miles on battery power alone, but it has a total range of nearly 500 miles when leveraging the combustion engine generator.</p>\n<p>The Company's primary product is an SUV under its brand Li ONE. It also sells peripheral products and provides related services, such as charging stalls, vehicle internet connection services, and extended lifetime warranties. Li Auto is looking to sell a variety of SUVs built on its hybrid technology that range from around $21,000 to about $70,000. The company started shipping its first model in late 2019. It's a midsize SUV is well-appointed and has lots of touchscreens and technology. A full-size premium version is planned for release in 2022.</p>\n<p>Deliveries of Li ONEs were 14,464 vehicles in the fourth quarter of 2020, representing a 67.0% quarter-over-quarter increase and setting a new quarterly record. Deliveries for the full year 2020 reached 32,624 vehicles. Revenue in the fourth quarter was $635 million.</p>\n<p>LI auto went public on July 30th, 2020, raising $1.1 billion at an initial price of $15.50 per share but quickly reached almost $24. It is currently valued at approximately $37 billion at a price of approximately $25.72 per share.</p>\n<p><b>XPeng (XPEV)</b></p>\n<p>Xiaopeng (XPeng) Motors is a Chinese electric vehicle and technology company that designs and manufactures smart cars. It was founded in 2015 and went public on August 27, 2020, using American depository shares, raising about $1 billion. To date, it has raised about $2.6 billion.</p>\n<p>XPeng aims its EVs at technology-savvy middle-class Chinese consumers, with prices ranging from $22,000 to $45,000 after government subsidies. In some ways, it is a Tesla knock-off at a much lower price. XPeng started production of the G3 in November 2018, and as of July 31, 2020, delivered 18,741. It started production of the P7 and began delivery in May 2020, and as of July 31, 2020, it had delivered 1,966 EVs. The P7 has a range of more than 400 miles. It plans to launch a third Smart EV, a sedan, in 2021. The G3 was among the top-three best-selling electric SUVs in China in 2019.</p>\n<p>XPeng is interesting because it has a platform strategy and is moving aggressively into autonomous driving. It uses a platform strategy to expand product offerings by launching one Smart EV model each year to broaden the addressable market. It builds new models on two highly flexible Smart EV platforms, called David and Edward, respectively. The David platform has been designed for vehicles with wheelbases ranging from 2,600 millimeters to 2,800 millimeters, and the Edward platform has been designed for vehicles with wheelbases ranging from 2,800 millimeters to 3,100 millimeters. It also adopted a platform approach for software systems.</p>\n<p>XPeng claims to be developing an autonomous driving capability for its EVs. The P7 is the first production vehicle to feature the NVIDIA DRIVE AGX Xavier system-on-a-chip (SoC) autonomous driving platform. The company's Smart Electric Platform Architecture (SEPA) runs on 2 chips - NVIDIA for the XPILOT and Qualcomm's Snapdragon™ 820A for intelligent services and infotainment, including cameras inside and outside, radars, HD-map, and ultrasonic sensors. Like Tesla, it claims it can create sufficiently-autonomous driving without lidar.</p>\n<p>To enhance brand recognition and allow more people to experience its Smart EVs, it deployed a small number of Smart EVs in a ride-hailing service in Guangzhou on a trial basis, but it has no current plan to scale up a ride-hailing service.</p>\n<p>Xpeng sees first-quarter 2021 deliveries rising 450% year-over-year to 12,500 vehicles. Revenues are expected to increase 533% from a year ago. The company didn't provide bottom-line estimates for the quarter, but will likely post another net loss as it ramps up manufacturing, invests in R&amp;D, and builds out a new manufacturing plant set to open in 2022.</p>\n<p>Xpeng reported selling 12,964 vehicles in Q4 2020, up 303% from a year ago. It delivered a total of 27,041 vehicles in 2020, up 112%. It makes the P7 sedan, a rival to the made-in-China Tesla Model 3, and the small G3 SUV.</p>\n<p>The stock opened on August 27, 2020 at a price of $15 and a valuation of $11 billion, but its stock jumped more than 40% shortly after. Its current valuation is about $35 billion at a stock price of approximately $36.13 per share. It had about $300 million in revenue in 2019 with a loss of about $500 million.</p>\n<p><b>Nio (NIO)</b></p>\n<p>Unlike previous companies, Nio has been a public company for some time. It originally went public in the U.S. back in September of 2018, selling IPO shares at $6.26 and raising $1 billion.</p>\n<p>Nio's IPO was far from smooth. After going public at $6.26 per share, it traded down to nearly $1. Then in the middle of the coronavirus outbreak, Nio received a much-needed investment of $1 billion from investors, including state-backed entities.</p>\n<p>Nio designs, jointly manufactures, and sells smart and connected premium electric vehicles, attempting to develop next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Joint manufacturing means that it uses a state-owned contract manufacturer to build its cars.</p>\n<p>Nio plans to provide customers with comprehensive, convenient, and innovative charging solutions and other user-centric services. It began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. Nio officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. It officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 with deliveries in 2020.</p>\n<p>Nio sold 17,353 EVs in Q4/2020 and 43,728 for the year. It warned a shortage in chips and batteries will force a production slowdown to 7,500 a month in Q2 from 10,000 vehicles a month in February.</p>\n<p>Nio currently trades at more than $43 per share, including a big jump recently, for a valuation of approximately $48 billion. It had revenue of $2.3 billion in 2019 for a loss of $3.8 billion.</p>\n<p><b>Summary</b></p>\n<p>It's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this should provide exciting new investment opportunities. However, the investment terrain is complex. There are dozens of new start-ups where the public can now invest that were previously exclusively venture capital investment opportunities. Many of these are following different roads to success. There are legacy auto manufacturers that could prosper or get destroyed in this transition. There are some exciting new EV company opportunities in China. And then there is Tesla.</p>\n<p>This EV roadmap is intended to help investors explore different roads to investment by explaining the basic strategies for these EV companies. These roads can have different opportunities and risks, and the roadmap helps to frame these. Above all, valuation is an overriding risk that is highlighted throughout this article.</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>New Electric Vehicle Investment Roadmap</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\">\nNew Electric Vehicle Investment Roadmap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 14:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.\nLast October, I wrote a popular article providing...</p>\n\n<a href=\"https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"002594":"比亚迪","HYLN":"Hyliion Holdings Corp.","XPEV":"小鹏汽车","TSLA":"特斯拉","NKLA":"Nikola Corporation","FSR":"菲斯克","NIO":"蔚来","GOEV":"Canoo Inc.","F":"福特汽车","LI":"理想汽车","WKHS":"Workhorse Group, Inc.","GP":"GreenPower Motor Company Inc.","01211":"比亚迪股份","GM":"通用汽车"},"source_url":"https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1196402560","content_text":"Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.\nLast October, I wrote a popular article providing a roadmap for investing in electric vehicles, but since then, so much has changed: new entrants, new strategies, fluctuating valuations, etc.\nSo, I updated and greatly expanded the previous EV investment roadmap.\nThis update includes a deeper look at valuations for 23 EV companies with revenue projections, when available.\nIt also classifies these EV companies into their primary market categories and summarizes their different strategies.\n\nPhoto by Sven Loeffler/iStock via Getty Images\nMy article Electric Vehicle Investment Roadmap published five months ago, was popular, and some followers have requested an update. Many new EV companies entered the market, most of them through SPACs. Valuations fluctuated wildly, and there has been a great deal of publicity around these companies.\nThis new updated EV investment roadmap is greatly expanded. In addition to updating the strategies and progress of companies previously discussed, I expanded the number of companies covered. This article also groups EV companies into their primary markets, enabling better comparisons and evaluation of market opportunities. In addition, it includes a comparative valuation chart showing every company's market cap with a comparison to projected revenue, where possible. This takes advantage (good or bad) of looking at the long-term revenue forecasts provided in SPAC mergers that public companies can't make.\nIn addition to the EV manufacturers discussed here, there are also EV investment opportunities in charging station companies, battery manufacturers, and battery materials companies. These were covered in the original roadmap and may also be updated in a later article.\nApproximately 2 million EVs were sold in 2019, and although the number declined along with all auto sales in 2020, it is forecasted to increase in 2021 and reach 8-10 million by 2025. Some forecast that EV sales will be greater than internal combustion engine (ICE) vehicles by 2030, or even earlier. The automobile market appears to be moving toward a historical transformation, and exceptional investment gains can be made by anticipating new emerging industries and investing in the eventual winners of those new industries. Amazon(NASDAQ:AMZN), Google(NASDAQ:GOOG)(NASDAQ:GOOGL), and Facebook(NASDAQ:FB)are obvious examples. Electric vehicles (EVs) have the potential to create a new emerging industry.\nThere are also significant risks. Hundreds of new EV models are expected to be released in the next three years, which will drive rapid growth in EV sales. However, the expected sales from these new models, as well as the increasing expectations from Tesla, most likely exceed the total projected market. I wouldn't be surprised if many of the companies covered here won't exist five years from now. It reminds me of the internet bubble of the late 1990s when scores of internet-based companies went public with little or no revenue. Almost all of these failed within three years -- however, a couple, including Amazon, went on to enormous success.\nEVs provide a major new investment opportunity with high risks. To succeed, you need to have a clear EV investment roadmap.\nSo, how can you invest in this new emerging market? The EV landscape is complex and investment opportunities are varied. While Tesla is the unquestioned leader in EVs, some consider it overvalued and unlikely to show exceptional returns to new investors. The current U.S. legacy automakers are committed to introducing many new EVs in the next few years, and they have some entrenched advantages with volume manufacturing capabilities, a dealer infrastructure, and loyal customers. There are exciting new EV start-ups in the U.S. that have come public this year, mostly through Special Purpose Acquisition Companies (SPACs), and there are several interesting publicly traded Chinese EV manufacturers.\nThis new roadmap for EV investment classifies companies into three primary markets segments:\n\nTheConsumer Retailsegment includes EVs sold to consumers individually, such as SUVs, pickup trucks, sedans, etc.\nTheCommercial Deliverysegment includes local delivery EV vans and trucks sold to fleets.\nTheMedium- and Long-Haul Truckingsegment includes heavier Class 4 - Class 8 trucks, as well as special industrial vehicles.\n\nIn addition, it categorizesLegacy ManufacturersandChinese EV Companies. This enables investors to evaluate investment opportunities by considering unique opportunities within each market segment.\nThere is an enormous amount of investment optimism for EVs, and retail investors have been aggressively buying into EV stocks with seemingly no regard for valuation. Then there is the additional challenge of valuing companies with no revenue, especially those coming public through SPACs. So, valuation is an important investment consideration.\nSo let's start by looking at an overview of comparative EV valuations.\nEV Investment Valuation Overview\nThe following chart summarizes valuations for 23 EV companies, including several legacy companies. For SPACs, market cap estimates are computed using the pro forma number of shares at closing, otherwise using the valuation of the SPAC prior to closing drastically underestimates the valuation, which may be misleading to novice investors. Price/Sales ratios (market cap divided by revenue) are used to compare valuations. As a benchmark, current P/S ratios vary. For example, auto and truck companies have a ratio of 2.7X. Software companies have the highest ratios of over 10X.\nIn the chart, companies that currently have revenue show current P/S ratios. Where projections are available, projected P/S ratios are computed. A note of caution, however. Many of the EV companies came public through SPACs and published their projections (which public companies cannot do), and many of these are likely to prove unrealistic.\nAll of the longer-term revenue projections come from the company (C) forecasts with a SPAC. Some of these may turn out to be accurate, not many are most likely unrealistic. Some, like Lucid, Faraday, and Arrival forecast hitting more than $10 billion in revenue in a few years, when it took Tesla more than 10. Things are different now and they might achieve these, but they could also find that it will take longer to complete development, ramp up production, and create enough customer demand. Many companies may also find that there will be significant capital requirements to achieve this type of growth, and shareholders will be diluted.\n\nTesla, the \"gold standard\" in EVs, has a market cap of approximately $650 billion, which many people believe is overvalued. Its market cap is approximately 20X 2020 revenue and 10X estimated 2022 revenue.\nTesla (TSLA)\nIn the U.S., and to a lesser extent in China, Tesla is the dominant EV provider. It has approximately 60% of the U.S. EV market and about 20% of the market in China. I own a Tesla and love it, but an investment in Tesla stock requires getting comfortable with its valuation. Tesla has a market cap of approximately $650 billion, although declining lately, which some consider still overvalued while others see upside potential.\nThe investment opportunity with Tesla is based on the expectation that it will continue to dominate the EV market, or at least maintain significant market share, despite much greater competition from the expected introduction of hundreds of new EV models in the next few years.\nThere is a great deal already published about Tesla, so I'll move on.\nLegacy Automakers\nSome people think that the legacy automakers will simply fade away. Historically, that was the case in some other industries, but it is not going to happen to most automakers. They are not standing still waiting to become obsolete. Most have aggressive strategies to replace ICE vehicles with EVs. GM plans to invest $27 billion and build and launch as many as 30 new EV models by 2025. Ford plans to invest $29 billion in EVs by 2025 and launch as many as 16 EVs in the next two years. Volkswagen(OTCPK:VWAGY)has also committed billions to develop new EVs.\nThe competitive advantage that legacy automakers have in selling their new EVs is their dealer network. Will new EV customers prefer to continue going to their regular auto dealer to buy their new EV?\nAlmost all legacy automakers worldwide are developing and launching EVs including Volkswagen, Peugeot, Renault/Nissan/Mitsubishi, Hyundai/Kia. Let's look a little more closely at GM and Ford as the leaders in the U.S.\nGeneral Motors (GM)\nGM has committed to introducing 20 new electric vehicles by 2023, including EVs across Chevrolet, Cadillac, GMC, and Buick. It recently announced that it has already sold out the first-year production of its Hummer electric pickup. By mid-decade, it expects to sell a million EVs per year in its two largest markets: North America and China. As a reference point, Tesla reported deliveries of 367,500 vehicles globally in 2019.\nGM has a solid platform strategy for its EVs. It plans on building its EVs using five interchangeable drive units and three different motors from its Ultium Drive System platform. Ultium energy options range from 50 to 200 kWh, which could enable an estimated range of up to 400 miles. Most of its EVs will have 400-volt battery packs and up to 200 kW fast-charging capability while the truck platform will have 800-volt battery packs and 350 kW fast-charging capabilities.\nThe key building blocks of the Ultium battery system are large-scale, high-energy cells. Engineered in partnership with LG Energy Solutions, they use both advanced chemistry and a smart cell design that's optimized for a broad portfolio of EVs. GM engineers and scientists are actively researching and testing new elements in battery chemistry to lower costs and improve charge times. Ultium can contain either vertically- or horizontally-stacked cells to integrate into vehicle design: vertically for trucks, SUVs, and crossovers, or horizontally for cars and performance vehicles. As new chemistry is developed and becomes available, the battery management system could digitally update the modules.\nGM also has other EV opportunities with its BrightDrop commercial EV service and its Cruise subsidiary. BrightDrop will not just sell delivery EVs, it will provide an entire service platform for commercial delivery customers. Its set of electric delivery vehicles starts with the EV600 and includes the BrightDrop EP1, a pod-like electric pallet. SeeGeneral Motors' Aggressive EV/AV Strategies May Payoff Big.\nWith its highest stock price of $61.65, GM's current market cap is approximately $89 billion, increasing primarily because of its progress with EVs. This approximately 3X valuation in 2018, but still only 13% of Tesla.\nFord (F)\nFord is also investing heavily in EVs. It just introduced the Mustang Mach-E, a battery-powered crossover with sports car styling, and plans to introduce an all-electric version of its best-selling F-150 pickup later this year. Also, planned is an electric edition of the full-size Transit van, which has been popular in the commercial delivery market. Ford has confirmed plans to build a luxury Lincoln crossover on a battery-powered platform provided by Rivian. The automaker also plans to introduce two new midsize electric crossovers, one each for the Ford and Lincoln brands by 2023.\nMustang Mach-E. Source: Ford\nFord's market cap is approximately $51 billion, twice its previous market cap, and also increasing.\nConsumer Retail EV Companies\nThe consumer retail market has some unique characteristics for new EV companies. Sales are made individually, not in fleets. This diversifies the risk upon launch because only a sufficient number of customers need to be attracted to the new EV. A wave of popularity can provide terrific momentum.\nHowever, the lack of a dealer network can be an impediment. Selling EVs directly to consumers instead of through dealers is prohibited in most states. By law, auto manufacturers can't compete with franchised dealers. These are laws that go back many decades to protect dealers. This can be a major impediment for new companies without established independent dealer franchises. So, new AV companies. like Tesla, need to sell their vehicles online. Tesla has successfully done this, but it took a lot of work and time. Lack of a dealer network also creates impediments in service.\nIn addition, over the next 4-5 years, autonomous capabilities will be increasingly important to luxury vehicles. This may prove to be a challenge to start-up EV companies because they can't afford to develop this technology.\nLet's look closer at the alternative consumer retail EV investments.\nLucid Motors (CCIV)\nLucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded itself as Lucid Motors in October 2016 and shifted its strategy to develop an all-electric, high-performance, luxury vehicle. Shortly after that, it encountered financial difficulties and struggled to get short-term funding. In 2018 it raised more than $1 billion in investment, primarily from Saudi Arabia's Sovereign Fund, and gave up a majority of the company.\nLucid Motors reached an agreement to become a publicly-traded company through a merger with the SPAC Churchill Capital IV Corp., in one of the largest deals SPAC EV deals. The combined company, in which Saudi Arabia's Sovereign Fund will continue to be the largest shareholder, had a transaction equity value of $11.75 billion (for $10/share). At the same time, it closed a PIPE investment priced at $15 a share, giving it an implied pro forma equity value of $24 billion. Rumors about this deal circulated before the transaction was formally announced, making it one of the most anticipated SPAC deals. The hype and speculation drove up the stock price of Churchill Capital IV Corp. from its opening price of $10 a share to almost $60. I believe that some of this may have been driven by novice SPAC investors who didn't realize that the valuation of CCIV didn't include the eventual valuation of Lucid. The share price dropped more than 30% after the details of the deal were announced. It's also likely that Lucid renegotiated the terms of the merger based on the price jump.\nThe company's first product is the Lucid Air, a well-equipped luxury electric vehicle that features 406 miles of projected range and 480 horsepower with a starting price of $77,400, or $69,900 after the U.S. Federal Tax Credit of $7,500. This new Lucid Air model is positioned as a high-performance, ultra-efficient luxury EV sedan in a line of future vehicles that are expected to include Lucid Air Touring, Grand Touring, and Dream Edition versions.\nThe company plans to begin production and deliveries of the Lucid Air in North America in the second half of 2021. Previously the company aimed to begin deliveries earlier in 2021. It intends to sell the car in Europe in 2022, followed by China in 2023. Lucid vehicles will be produced at its new factory in Casa Grande, Arizona. The company plans to expand the factory in phases in the coming years to have the capacity to produce 365,000 units per year at scale. The initial phase of the $700 million factory construction was completed late last year and will have the capacity to produce 30,000 vehicles a year.\nLucid also apparently has a commitment to build an assembly plant in Saudi Arabia, which was rumored to be a condition of the $1 billion investment from the Saudi public fund. The Saudi Sovereign Wealth Fund also provided $600 million in bridge financing and invested in the SPAC deal as well. So, while this assembly plant may be expensive and may not be critical, it will most likely need to happen.\nLucid has ambitious plans to achieve $14 billion in revenue in 2025, and its current stock price at $29.17, which gives it a market cap of more than $46 billion, may already reflect those ambitions. Its market cap is roughly the same as Ford.\nFisker (FSR)\nFisker, which had its origins with Fisker Automotive, is an interesting story that ended in bankruptcy. Henrik Fisker originally co-founded Fisker Automotive in 2007. He was responsible for designing many premium cars such as the Aston Martin. Subsequently, Fisker Automotive had to deal with a Tesla lawsuit against Fisker Automotive alleging it stole Tesla's technology, a controversial $528.7 million conditional loan from the Department of Energy, a recall of its battery produced by A123, and the loss of several hundred vehicles in hurricane Sandy. Henrik Fisker resigned in March 2013 because of disagreements over business strategy and in November 2013, Fisker filed its Chapter 11 bankruptcy case.\nHowever, Henrik Fisker retained the Fisker brand and trademarks, and in 2016 he started another electric vehicle company named Fisker Inc. with the Fisker brand and trademarks. In 2019, Fisker shifted from developing a sports car with a solid-state battery to the Ocean SUV featuring a lithium-ion battery, which it later abandoned for a solid-state battery.\nFisker is positioning itself in a unique segment for those who want the most environmentally friendly EV. While this may be an early growth segment for EVs, it's difficult to estimate its eventual competitive advantage and the size of this environmentally-friendly market segment.\nThe Ocean is a crossover made of recycled metal and plastic with an expected base price of $37,499, and an expected lease of less than $400 a month. Fisker's plan is essentially a lease-only business model that lets customers keep a vehicle for years or return it at any time. It aims to source motors, batteries, and other components from technical partnerships with automakers and will outsource production from existing auto plants. Fisker is currently taking reservations at $250 for the Ocean. It also announced an agreement with Foxconn to jointly develop a vehicle pioneering a new market segment to be sold globally under the Fisker brand commencing in Q4 2023. at the end of 2022. Production will start at Magna Steyr's manufacturing facilities in Europe. At the end of February 2021, it had 12,467 cancellable reservations.\nFisker Ocean. Source: Fisker\nFisker went public using a SPAC (Spartan Energy). The original combination with SPAQ in October 2020 was valued at $2.9 billion with a cash investment of approximately $1 billion. The stock currently trades at approximately $21 per share, after reaching a high of $28.50, from the original price of $10, which is a market cap of $4.6 billion. Fisker projects $3.3 billion in revenue in 2023. It had almost $1 billion in cash at the end of 2020 and expected to use almost half of this in 2021: $250 million on operating expenses and $250 million in capital investments. If the Ocean is delayed into 2023, Fisker risks missing its revenue objective and will potentially need additional cash to complete development and launch.\nFaraday Future (PSAC)\nFaraday Future was originally established in May 2014 by Chinese businessman Jia Yueting. It is headquartered in Los Angeles and has offices in Silicon Valley, Beijing, Shanghai, and Chengdu. Faraday Future also had a turbulent history. In 2016, it struggled financially, and in 2017 some key executives departed over a dispute about financial issues. They later founded Canoo.\nIn December 2018 the company announced layoffs due to a cash crunch and financial troubles. The company's founder Jia Yueting filed for personal bankruptcy in the United States' federal court in Delaware on October 14, 2019. Following Jia's personal bankruptcy, he decided to step down from his role as CEO of Faraday Future in order to assume a new position as the Chief Product and User Officer. He was replaced as CEO by Carsten Breitfeld, the former CEO at rival electric vehicle startup Byton.\nSomehow, Faraday was able to raise $2.3 billion in private funding over 5 rounds from a variety of investors. In early 2018, it received $1.5 billion in funding from an undisclosed investor from Hong Kong.\nFaraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.\nFF 91. Source: Faraday Future\nIts strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.\nFaraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.\nThe Primary Manufacturing Facility for FF 91 is in Hanford, CA with contract manufacturing for future models in Gunsan, South Korea.\nFaraday Future is planning high-Level automation with a Level-3 capable system using a redundant safety architecture based on NVIDIA Xavier System-on-a-chip. It will be capable of highway auto-drive and hardware ready for advanced auto-drive. It is targeting full autonomous valet parking & summon in any parking lot or structure. Eventually, it expects full auto-drive, including full 360˚ sensor coverage for advanced auto-drive & auto-park features.\nIn January 2021, Faraday Future announced that the company would go public through a reverse merger with the special purpose acquisition company Property Solutions Acquisition Corp. (PSAC). The combined company will be valued at $3.4 billion. Faraday Future is expected to set up contract manufacturing operations in China through their partnership with Geely. Taiwanese manufacturer Foxconn is also expected to serve as an additional strategic partner.\nFaraday Future projects $10.5 billion in revenue in 2024 and $21.5 billion in 2025. Revenue is expected to start in 2022 with the delivery of 2,400 vehicles for $504 million. Most likely these projections could prove to be optimistic. At a current stock price of approximately $12.80, it has a market cap of about $4.3 billion.\nLordstown Motors (RIDE)\nLordstown Motors based in Lordstown, Ohio, was originally founded in 2018 by Steve Burns, the former CEO of Workhorse Group. The company licensed technology from Workhorse in return for royalties and a 10% ownership. Lordstown is named after the famous GM Lordstown manufacturing plant, which it acquired in November 2019 in an unusual transaction. GM announced that it was closing the plant and was under a great deal of pressure for that decision. So, GM \"sold\" the plant to a company that was renamed Lordstown for an estimated $20 million that it loaned to the acquiring company. Subsequently, the sale was redefined to be part of a $75 million investment by GM, of which $50 million was an in-kind exchange for the plant.\nLordstown went public through the SPAC DiamondPeak Holdings Corp. in 2020. It currently has more than 400 employees.\nIts first product is the Lordstown Endurance, a full-sized EV pickup truck. Lordstown is positioning Endurance for the pickup fleet market segment. The expected price is $52,000+, and it claimed to have more than 100,000 pre-orders by January 2021. However, a recent research article published by a short seller claimed \"Our research has revealed that Lordstown's order book consists of fake or entirely non-binding orders, from customers that generally do not even have fleets of vehicles.\" Lordstown is disputing that article.\nIt believes the fleet pickup market segment is underserved with no current EV-focused competition. It estimates that the full-sized pick-up truck fleet market is 1.2 million vehicles per year in the U.S., but it's more fragmented than other truck fleets. Pickup \"fleets\" tend to be much smaller and local, so there may not be much of a market distinction for a small company buying several EV pickups from a traditional auto dealer. About half of the total U.S. pickup market is classified as fleet sales, meaning more than one.\nEven though Lordstown is targeting the commercial fleet market, it is a similar product to the Ford EV F-150. So I classify it in the consumer EV category. It is a class 2 vehicle. Lordstown also may enter the SUV market in the longer-term.\nThe Endurance will compete against future models from Rivian and Tesla, as well as Ford and GM in ICE pick-ups and their upcoming EV pick-ups. Ford plans on selling its EV F-150 in mid-2022. Initial production of the Endurance is expected in the second half of 2021, so it may have a short market advantage. Nevertheless, it forecasts selling 65,000 vehicles in 2023 and 107,000 in 2024. These estimates could be a large percentage of the EV pick-up market in those years.\nAt the SPAC merger, the implied valuation for Lordstown was $1.6 billion, including a $500 million PIPE and the $75 million by GM. Lordstown's financial projections appear to be aggressive. It projects to start shipping the Endurance in late 2021 with projected revenue in 2022 of $1.7 billion, increasing to $5.8 billion in 2024. Its stock price at approximately $13.60 values the company at a market cap of approximately $2.2 billion. The value of the company depends on the likelihood of achieving its projections.\nA fleet sales strategy makes sense for Lordstown since it would be too expensive to build a retail sales and service capability. However, it's not clear that this will become a distinct competitive advantage. Some small fleets may still prefer to buy their EV pickups from established local dealers with service capabilities.\nCanoo (GOEV)\nCanoo started as Evelozcity in 2017 and rebranded as Canoo in the spring of 2019. Canoo is a Los Angeles-based company that develops electric vehicles. It has over 350 employees. Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space, which is adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, simply named the Canoo that will be available by subscription, followed shortly after by a multi-purpose delivery vehicle and a sports vehicle, each built off of the same underlying platform. Canoo went public using a SPAC (Hennessy Capital Acquisition) and now trades as GOEV.\nCanoo's all-electric skateboard-like platform is designed to support both consumer retail and commercial vehicle configurations. The EV leverages Canoo's flat skateboard architecture for a high level of usable interior space. Its commercial vehicle program, expected in 2023, addresses a projected $50B+ last-mile delivery market with an EV platform that maximizes cargo volume.\nHyundai Motor Group said it would jointly develop an electric vehicle platform with the company.\nCanoo's platform strategy is interesting. It could be used as an EV platform for custom fleets of delivery vehicles. It has no AV development, but it claims to be \"AV Ready\" which could be useful for AV companies wanting to build custom AV delivery fleets.\nIts all-electric multi-purpose delivery vehicle is expected to be priced starting at approximately $33,000. It is based on Canoo's proprietary electric platform and will be offered in two initial size variants, with others to follow. Limited availability will begin in 2022, with scaled production and launch planned for 2023. Customers can pre-order the multi-purpose delivery vehicle for a refundable deposit of $100 per vehicle\nIt plans to offer two multi-purpose delivery vehicles: the MPDV1 and the larger MPDV2. The first has a 200-foot cargo volume and a range of 130-200 miles. It offers more capacity than today's ICE delivery vehicles at an affordable price with urban mobility enabled by a space-efficient footprint. The vehicle is also designed to fit within many height-restricted areas like parking garages.\nThe MPDV2 has a cargo volume of 450 feet and a range of 90-190 miles. Its roof and step-in height enable individuals to easily walk-in the vehicle and accommodate a standing position while inside.\nThe original SPAC transaction provided approximately $600 million, with a pro forma equity value of approximately $2.4 billion. Like other SPAC mergers, its stock price has fluctuated. It currently trades at about $15.90 per share for a market cap of approximately $3.7 billion. Canoo projects $2.0 billion in revenue in 2025 from about $500 million in engineering services, $1.2 billion from its consumer vehicle subscriptions, and the remainder from its commercial program. Canoo expects revenue of more than $300 million in 2022 after the launch of its lifestyle consumer vehicle.\nSince its first products are aimed at consumers, as is most of its forecasted 2025 revenue, I categorize it primarily as a consumer EV company. However, I think the design of that Canoo vehicle may not attract enough customers. More importantly, its subscription service way of selling its EV to consumers is risky. I think it has more potential in the commercial market, however, a dual strategy (consumer and commercial) is challenging. I like its skateboard platform design and that could prove to be a competitive advantage.\nRivian\nAlthough not yet public, I include Rivian because it has plans for an IPO as soon as Sept 2021, although it could slip into 2022. There are rumors that the company is targeting a market valuation of approximately $50B. Rivian has already raised more than $8 billion to date from Amazon, Ford, T. Rowe Price, and others.\nRivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications, including the company's adventure products, as well as B2B products such as the Amazon last-mile delivery vans. The company's initial products, the R1T and R1S, provide a combination of performance, off-road capability, and utility. These vehicles will be produced at Rivian's manufacturing plant in Normal, Ill., with customer deliveries expected to begin in summer 2021. The launch of the R1S three-row electric SUV will follow in August.\nAdditional lower-priced models are being planned. The expected R2 series would include at least two smaller electric vehicles to coincide with the smaller platform, then another platform for R3.\nCommercial Delivery EV Companies\nEV truck companies differ based on the type of truck they are developing. The technology and markets are very different, so I separate them into two categories. The first category includes commercial delivery vehicles.\nCompanies making EV delivery vehicles have some major advantages that could make them good investments. First, delivery vehicles typically travel less than 250 miles during a day, so they can be conveniently recharged overnight. Secondly, they are typically sold in large quantities to fleets. This means that building a retail sales infrastructure is not necessary. It only requires a small salesforce. In addition, maintenance can also be provided at the fleet's operational center, so not as many service centers are required.\nThe disadvantage in this market is that there are a relatively small number of customers that buy in large volumes, so if the EV manufacturer can't get enough large customers, they may not be able to stay in business. GM estimates the combined market opportunity for parcel and food delivery, as well as reverse logistics, in the U.S. will be more than $850 billion by 2025.\nThe commercial market is expected to be a major growth area for EVs. Other start-up automakers like Rivian as well as legacy automakers such as Ford, Daimler, and GM have announced plans to enter the segment. GM recently announced its BrightDrop ecosystem for commercial customers that includes an all-new electric delivery van, the EV600 available by the end of 2021, as well as an integrated autonomous pallet and related services.\nThis group of EV companies focuses primarily on commercial delivery. In general, these are in the light-duty trucks category, although it also includes some medium-duty trucks. This generally includes the following commercial truck classes:\n\nClass 1: This class of trucks has a GVWR of 0-6,000 pounds or 0-2,722 kilograms.\nClass 2: This class of trucks has a GVWR of 6,001-10,000 pounds or 2,722-4,536 kilograms.1\nClass 3: This class of trucks has a GVWR of 10,001-14,000 pounds or 4,536-6,350 kilograms.\n\nIt can also include somewhat larger medium-duty EV delivery trucks:\n\nClass 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.\nClass 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.\n\nEV delivery trucks also have an advantage over ICE vehicles because they can have a greater delivery storage space. Smaller buses and transit vehicles are also included in this category.\nLast-mile package delivery is not an immediate-term autonomous vehicle opportunity because it requires a delivery person to be on the truck anyway.\nWorkhorse Group (WKHS)\nWorkhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.\nThe Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.\nThe C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.\nWorkhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.\nWorkhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America (\"HCA\") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.\nWorkhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.\nElectric Last Mile (FIII)\nElectric Last Mile, based in Troy Michigan, was founded by Jason Luo, former CEO of Ford China before it was acquired by China's Ningbo Joyson Electronic for $920 million in 2016, including James Taylor, former CEO of GM's Hummer brand and former CEO of electric car maker Karma Automotive. Taylor serves as the company's top executive with Luo as the company's chairman.\nThe company plans to launch a small electric delivery van (class 1-2), called the UD-1, in the third quarter of 2021, and then introduce an Urban Utility vehicle (Class 2-3) in 2022. These are expected to compete with Workhorse, Rivian, Canoo, as well as the Ford eTransit and the GMC BV1, none of which is expected to be a Class 1 vehicle.\nThe company says it has 30,000 preorders for its van, representing more than $1 billion in sales. Electric Last Miles vehicles will be based on Sokon's commercial van made in China through a joint venture with Dongfeng Automobile Co Ltd. in order to accelerate development time.\nElectric Last Mile (ELM) is expected to manufacture the vans in a former General Motors Co. Hummer plant in Mishawaka, Ind., that the company is acquiring from China's Chongqing Sokon Industry Group Stock Co. Ltd. The plant has the capacity to produce 100,000 vehicles annually with plans to build approximately 4,000 UD-1 vans by the end of 2021. The UD-1 has a starting price of $32,500 and a range of 150 miles. The battery for the vehicle is expected to be supplied by the Chinese battery company CATL.\nELM believes that it has a competitive advantage because its first vehicle, the ELM Urban Delivery, is scheduled to be available in 2021. It is based on a proven, existing platform developed and sold by Sokon Group in the Asian market, where there are 30,000 of these electric delivery vehicles driving 1.5 million miles every day. At the close of the business combination, ELM will be an independent, U.S. company producing electric vehicles in the U.S. with Sokon Group providing access to its know-how, parts supply, and field and service data.\nELM expects that the Urban Delivery vehicle will be the first electric delivery vehicle coming to market in the class 1 category (GVW of 6,000 lbs or less) in the U.S. It will also have 35% more carrying volume compared to similar ICE delivery vehicles, a critical part of the value proposition. It also anticipates that its price and greater carrying volume will allow it to take market share from the class 2 category of vehicles as well.\nIts crossover product portfolio strategy targets commercial delivery vehicles spanning from class 1 to class 3, which represents over 80% of the last mile market.\nELM anticipates $122 million in revenue in 2021, rapidly increasing to $3 billion in 2025. The price of FIII stock increased immediately following its announcement with Electric Last Mile, rising more than 40% to $14.50, but now it has dropped closer to the original deal price to $10.25 for a market cap of approximately $1.5 billion.\nGreenPower Motor Company (GP)\nGreenPower Motor Company Inc. is a Canadian battery-electric bus manufacturer with multiple models of high- and low-floor vehicles, including transit buses, school buses, and shuttles. GreenPower offers commercial vehicles for delivery, public transit, schools, vanpooling, micro-transit, shuttles, and is developing a capability of autonomous operation. It went public on August 28, 2020.\nIn 2014 GreenPower launched its first purpose-built, battery-electric bus, the EV350, 40-foot transit bus. GreenPower received its first order in 2017 for ten EV350s from the City of Porterville, California.\nGreenPower's electric buses are purpose-built and designed to be all-electric, allowing it to put the battery and propulsion system in optimized locations that provide weight and structural advantages. Its primary EV is the EV Star with more than 120 vehicles delivered. It comes in several variations:\n\nEV Star - Up to 19 passengers\nEV Star Plus - Up to 24 passengers\nEV Star ADA - Passenger and curbside lift for ADA\nEV Star Cargo - 5,000 pounds of load\nEV Star Cargo Plus - 570 cubic feet of cargo space.\n\nIts EV school bus seats up to 90 students and has a range of up to 150 miles.\nGreenPower had revenue of $13.5 million in 2020 It has about $21 million in cash. It's an interesting alternative since it is already shipping EVs, has revenue, and also has a lower market cap of less than $1 billion. Since it did a traditional IPO, it hasn't published longer-term financial forecasts.\nArrival (CIIC)\nArrival was founded in 2015 in London to make a variety of commercial electric vehicles. It has approximately 1,200 employees across 11 cities in 8 countries. In November 2020, Arrival and the SPAC CIIG entered into a business combination agreement with an implied valuation of $5.39 billion.\nArrival plans on releasing four commercial EVs over the next few years.\n\nQ4/2021: An electric bus for 8-125 passengers and a range of 240-400km\nQ3/2022: An electric delivery van with a payload of 975-2,000kg and a range of 150-340km\n2022: A larger electric van with a payload of 4,000 kg and a range of 190-400km\n2023: a small vehicle platform with a range of 100-300km.\n\nThis mix provides a nice diversified portfolio of EVs. Arrival claims to have received orders from UPS for 10,000 vans. It plans a unique flexible manufacturing approach using micro-factories with each projected to manufacture 10,000 vans per year. All of its vehicles use a modular skateboard electric platform.\nArrival ambitiously projects $14.1 billion in revenue in 2024. Half of that revenue is expected from delivery vans, 22% from buses, and the rest from the large van and its small vehicle platform. With CIIC's stock price at $24.80 per share, Arrival's current market cap is relatively high at approximately $15.0 billion. Justifying its market cap depends on its ability to release, sell, and produce its four commercial EVs.\nProterra (ACTC)\nProterra is a commercial electric vehicle company with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that claims to deliver higher performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers.\nProterra, Inc., was originally founded in Golden, Colorado, by Dale Hill in 2004. Later the company wanted to take the lead in creating zero-emission, U.S.-based transit buses. In 2010 it moved its manufacturing plant from Golden, Colorado to Greenville, South Carolina. In 2015, Proterra was awarded a $3 million grant from the California Energy Commission to fund the design, development, and construction of the company's battery-electric transit bus manufacturing line in the City of Industry, California. It moved its headquarters from Greenville, South Carolina, to Burlingame, California, in October 2015. Proterra raised more than $600 million in funding.\nIt is going public through the SPAC ArcLight (ACTC) with a pro forma valuation of $1.6 billion. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion of its next-generation battery program.\nProterra has three complementary businesses:\n\nProterra Powered: Delivering battery systems and electrification solutions to commercial vehicle manufacturers\nProterra Transit:Providing an electric transit bus OEMs\nProterra Energy:Offering turnkey charging and energy management solutions.\n\nThe company's battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with commercial vehicle OEMs. Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems.\nProterra expected $193 million of revenue in 2020, with an estimated $750 million in existing orders and backlog. It projects $2.5 billion in revenue in 2025, with about 1/3 coming from its Transit business, and 2/3 From Powered & Energy. At ACTC's current stock price of $17.85, Proterra has a market cap of about $4.3 billion.\nRivian\nRivian (see earlier description in consumer retail) will also compete in the commercial delivery market. It has been working with Amazon (a major investor) to build large electric delivery vans for Prime. Developed specifically for Amazon, a small fleet of Prime vans is on the road now, testing deliveries to customers and gathering feedback. In late fall, it could grow to a large fleet as Rivian ramps up the volume.\nThe EV range of 150 miles is tailored to Amazon's use cycle to optimize the size, weight, and cost of the commercial vehicle. Rivian has three sizes of batteries, but Amazon is starting with just one of them.\nCanoo (GOEV)\nSee the previous summary under consumer retail EV.\nMedium and Long-Haul Trucking EV Companies\nCompanies developing medium- and long-haul EV trucks face a more difficult challenge with battery range. These trucks haul much more weight than commercial delivery vehicles and because they are designed for long distances, they can't stop every 200-300 miles for recharging.\nFor this reason, many of these companies are using unique hybrid technologies for their trucks. The EV trucks in this category are primarily heavy-duty but also include some medium-duty trucks and specialty vehicles. A couple of the companies focus on retrofitting trucks to be electric.\nMedium-Duty Trucks\nThe medium-duty trucks category includes commercial truck classes 4, 5, and 6:\n\nClass 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.\nClass 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.\nClass 6: This class of trucks has a GVWR of 19,501-26,000 pounds or 8,846-11,793 kilograms.1\n\nHeavy-Duty Trucks\nThe heavy-duty trucks category includes commercial truck classes 7 and 8:\n\nClass 7: This class of trucks has a GVWR of 26,001 to 33,000 pounds or 11,794-14,969 kilograms.\nClass 8: This class of trucks has a GVWR of greater than 33,001 pounds or 14,969 kilograms and includes all tractor-trailers.\n\nThe Tesla Semi is a battery vehicle planned for a range of 300 or 500 miles and a speed of 60 MPH with 80,000 lbs of cargo. Tesla plans to start shipping the Semi later this year when it expects to have sufficient cell volume to meet its needs with the production of its 4680 battery pack.\nNikola(NASDAQ:NKLA)\nNikola has been a very controversial company. Founded in 2015, it originally had two different strategies. Its primary strategy is to lease fuel-cell electric vehicle (FCEV) Class-8 heavy trucks and provide the refueling infrastructure to corporate customers. Its second strategy was to develop the Badger EV truck using GM technology.\nNikola originally merged with a SPAC to go public, at an enterprise value of approximately $3.3 billion. On June 6th, 2020, its market cap jumped to more than $30 billion, then later it dropped because of problems with its originally planned deal with GM.\nNikola originally expected a deal with General Motors that included the production of the Nikola Badger EV pickup truck. The proposed arrangement was that GM would take a $2 billion equity stake in Nikola and in return would engineer and produce the Badger. In November 2020, GM and Nikola scrapped the original arrangement. Now it appears that GM will supply Nikola with only its Hydrotec hydrogen fuel-cell technology to integrate into the EV manufacturer's commercial class 7 and class 8 zero-emission semi-trucks. So, the Badger is probably dead.\nNikola now sees semi-trucks as the company's \"core business\" and fuel cells as an increasingly important segment of the semi-truck market thanks to their efficiency in weight and consumption. It expects to begin testing by the end of 2021.\nIt has received pre-orders from Anheuser-Busch and a few other companies, but it doesn't expect deliveries until 2023. Hydrogen fueling stations are key to its strategy, both providing a source of revenue and necessary fueling infrastructure for the trucks to operate, but they also cost a lot. In its March 2020 investor deck, Nikola said a single station capable of fueling 210 trucks a day would cost $16.6 million. Its initial planned network of 700 stations would cost roughly $11.6 billion.\nNikola was also accused of misrepresentation, and its executive chairman and founder stepped down.\nAt the time of the SPAC merger, it projected an optimistic forecast of more than $3 billion in revenue by 2024, with a net income of $145 million. Most of that revenue was expected to come from its Badger truck, which is no longer in the plans. Yet its market cap is still almost $6 billion.\nHyliion (HYLN)\nHyliion, founded in 2015 in Austin, went public in October 2020 through the SPAC Tortoise Acquisition Corp. (SHLL). In March 2019, automotive parts manufacturer Dana Inc. made an equity investment into Hyliion, and together they are manufacturing and marketing Class 8 EVs to Dana's customers, including Volvo, Navistar, and Peterbilt.\nHyliion's strategy is unique, and a very different strategy from Nikola. Essentially it generates electricity onboard the truck using compressed natural gas (CNG). This should be a benefit for longer-range trucking. Hyliion's Hypertruck concept involves an all-electric drivetrain utilizing Dana's electric motor, inverter, and axle technologies. The truck's batteries are fueled by onboard tanks of CNG. With some 700 CNG stations already operating nationwide, it believes that there no need to build out expensive superchargers or hydrogen infrastructure.\nKuwait-based logistics company, Agility, has already placed an order for 1,000 Hypertrucks with initial deliveries targeted in 2022. Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range.\nHyliion will eventually compete with Nikola (FCEV) and the Tesla battery-based Semi, but it plans to have a longer range and lower operating costs. Its HyperTruck ERX is expected to be available in 2021. It also has a hybrid-electric truck.\nThe combination with SHLL had an estimated market cap of about $1.5 billion, with approximately $530 million going to the company, including a $325 million fully committed PIPE. At approximately $13.50 per share, its current market cap is approximately $2.2 billion, significantly down from its peak. Hyliion projects $2 billion in revenue in 2024, which it claims is only about 2% of the addressable market.\nXL Fleet (XL)\nXL Fleet is a 10-year old company that went public through the SPAC Pivotal. XL is different because it provides fleet electrification modifications for ICE trucks across a wide range of vehicle classes (class 2-5) and types. It has over 200 of the largest commercial and municipal fleets as customers, with more than 3,200 XL systems deployed and over 130 million miles driven by customers to date. XL's customer base includes FedEx, Coca-Cola, PepsiCo, Verizon, the City of Boston, Seattle Fire Department, Yale University, and Harvard University.\nXL's business model is essentially retrofitting existing trucks to be hybrids and then later expanding into fully electric truck conversions. It claims to be creating a fully integrated platform for this. It remains to be seen if the retrofitting business will continue to grow or will it diminish when more trucks are designed and manufactured with EV capabilities.\nUnlike some other EV companies that have no revenue yet because they are still developing products, XL is more of a small company doing low-volume retrofits. It had $7.2 million in revenue in 2019, $21 million in 2020, and estimates $76 million in 2021, but it forecasts $1.3 billion in revenue in 2024 in its investor presentation. It plans to do this by expanding its product line from hybrid to plug-in hybrid to fully electric across a broader range of trucks. It claims to have a $220 million sales pipeline for the next 12 months.\nShort-seller, Muddy Waters, claimed after talking to former XL Fleet employees, that it believed the company significantly exaggerated its order backlog, that the return on investment for the company's products was likely negative, and that it would not be able to compete with big car makers on electrification. The company thoroughly refuted these claims.\nThe original enterprise valuation was approximately $1.4 billion at a $10 share price for the merger. Its price jumped by about 35% but has since gone back down to $12.40 for a market cap of about $1.8 billion. Although XL Fleet has revenue and other EV companies don't, this may not be an advantage. It appears to be a small company for many years that has gone public at a high valuation with grand plans. The risks are in its ability to make a jump from $76 million in 2021 to $1.3 billion in 2024, as well as the question about retrofitting being replaced by new EV trucks by then.\nXos (NGAC)\nXos Trucks specializes in the field of manufacturing fully electric commercial vehicles. It features a software platform that is designed to accommodate an extensive variety of medium-duty bodies, wheelbase, and range requirements up to 200 miles. It was founded in 2016 and headquartered in North Hollywood, California. It received $20 million of investment in 2020 and now is going public through a merger with the SPAC ExtGen Acquisition Corporation (NGAC) at an estimated proforma value of $1.965 billion.\nIts focus is on medium- and heavy-duty last mile and return-to-base segments (class 5/6, class 6/7, and class 7/8) commercial fleets and specialty vehicles. Some vehicles are currently in production and in regular on-road operations with key fleet customers, and it claimed 6,000 unit orders in backlog.\nIts MD-platform is for classes 5-6 for pickup and delivery. Its HD X-Platform is an adaptable chassis for highway, vocational, and severe work conditions. Its market is for customers with highly predictable routes that allow for batteries designed for a more limited range. A significantly larger frame and smaller battery pack allow for reduced density.\nXos has a bundled all-in-one offering that allows fleets to access all the tools and services they need to go electric with a single point of contact at a fixed monthly expense.\nXos had $3 million in revenue in 2020 and estimates $14 million in 2021. However, it forecasts $5.2 billion in revenue in 2025. At the current stock price of $10.30, its market cap is approximately $2 billion, about the same as its original SPAC transaction.\nLion Electric (NGA)\nLion Electric is a Canadian company founded by Marc Bédard in 2008. Its focus is to be a leader in designing, developing, and manufacturing purpose-built urban electric vehicles; vehicles that are specifically designed as delivery trucks, refuse trucks, bucket trucks, moving trucks, school buses, and shuttle buses. It has over 300 all-electric vehicles on the road today.\nIn November 2020, it announced that it was going public through the SPAC NGA. The transaction had an estimated pro forma enterprise value of $1.5 billion.\nIt plans on seven new truck models and one new school bus, for a total of 15 all-electric vehicles, representing a full line-up from class 5 to class 8 electric trucks and a full line-up of electric school buses. Its vehicles are produced at its existing manufacturing plant, which has the capacity for the production of up to 2,500 vehicles per year. It intends to open a new plant in the U.S. capable of delivering over 20,000 Lion trucks and buses per year by 2022.\nIts all-electric class 6 and class 8 commercial urban trucks combine power, comfort, and modern technology. Custom-built chassis and cabin designed specifically for an all-electric heavy-duty vehicle. The LionC is an all-electric Type C school bus manufactured in North America. The body and chassis were specifically designed to deliver optimal performance. The LionM is an all-electric midi/minibus that meets paratransit and public transportation requirements. Created and designed specifically for the paratransit market, the is spacious and offers unique features that provide enhanced security and accessibility to the end-users.\nLion Electric had $29 million in revenue in 2020 and expects $204 million in 2021. It forecasts revenue to jump to $3.6 billion a few years later in 2024. Its current market cap is approximately $3.6 billion based on its current stock price of $18.33.\nLightning eMotors (GIK)\nLightning eMotors, formerly Lightning Systems, was founded in 2008 and is headquartered in Loveland, Colorado. It provides fleet electrification for familiar commercial vehicle platforms by retrofitting them with its electric powertrains. Lightning eMotors produces electric fleet medium- and heavy-duty vehicles, including delivery trucks, shuttle buses, passenger vans, ambulances, bucket trucks, chassis-cab models, and city transit buses. It focuses on urban commercial zero-emission vehicles with a full range of class 3 through class 7 battery-electric and fuel-cell electric vehicles.\nLighting eMotors helps commercial fleets achieve their sustainability goals by offering zero-emission battery-electric vans, trucks, and buses based on familiar, proven vehicles from manufacturers such as Ford and GM. It works with customers, to help them identify their unique commercial electric vehicle, charging, and grant support needs.\nThe Lightning products include integrated all-electric powertrains for the Ford Transit 350HD passenger and cargo vans, Ford E-450 shuttle bus and cutaway models, Ford F-59 step/food van, Ford F-550 cargo trucks and buses, Chevrolet 6500XD Low Cab Forward model, and 30-foot, 35-foot, and 40-foot transit buses.\nLightning has 120 vehicles on the road, and 1,500 vehicles already on order from customers. In addition to making vehicles and powertrains, Lightning also provides a full suite of charging solutions for customers.\nThe deal with GIK has an enterprise value of $650 million, although there is also an Earnout of 20.0% of total pro forma shares outstanding to Lightning eMotors shareholders if the stock crosses certain price thresholds.\nAt the current price, of $11.73, GIK has a market cap of approximately $1 billion, a little more than the original transaction valuation. Similar to XL Fleet, Lightning has the risk that retrofitting may only be an interim business opportunity until more EV trucks are produced.\nPublic Chinese EV Companies\nChina will be the biggest EV market opportunity, and EV start-ups may do better there because there isn't as much entrenched competition from domestic auto companies. China is already the largest EV market in the world, with almost a million EVs sold in 2019. Its EV market represents almost half of the global EV sales volume and is much larger than the U.S. market.\nThe Chinese government has ambitions to become a global leader in new energy vehicles. Soon after the coronavirus outbreak subsided within the country, Chinese authorities announced new policies to support the auto and electric vehicle industries.\nThese Chinese companies are traded through American depository shares (ADS) that contain certain risks. There are financial reporting and transparency risks with these companies, and on top of that, the newer companies are being classified as \"emerging growth\" companies that are already exempt from certain transparency requirements set out in the Sarbanes-Oxley Act of 2002. Like the previous EV stock, these stocks have also been very volatile.\nIn addition to legacy auto manufacturers like BYD, there are also three Chinese EV companies that are publicly traded through American depositary shares.\nBYD Co., Ltd. (OTCPK:BYDDY)\nBYD, which means build your dreams, is the automotive subsidiary of the Chinese multinational BYD Co Ltd. It was founded in January 2003, following BYD Company's acquisition of Tsinchuan Automobile Company. The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries, and trucks. The current model range of automobiles includes electric vehicles, plug-in hybrids, and petrol-engined vehicles. Thirteen years ago, on the advice of his famously skeptical lieutenant, Charlie Munger, Warren Buffett made a $232 million investment in BYD, a relatively unknown Chinese car company.\nBy parlaying BYD's rechargeable battery technology into a fast-growing carmaking operation, it gained a foothold in the fledgling electric vehicle market, building longer-lasting batteries and cheaper vehicles than American and Japanese manufacturers were managing to do at the time. In BYD, Buffett and Munger believed they had found a company with a shot at one day becoming the largest player in a global automobile market that was inevitably going electric.\nBYD's start to 2021 was strong with 19,871 plug-in electric cars sold in January in China, including hybrid plug-ins. That was a big increase over 2020 but not as much as 2019.\nLI Auto (LI)\nLixiang, formerly known as Chehejia (\"Car and Home\"), was founded in 2015 and went public in the U.S. on July 30th, 2020. It is a Beijing-based electric-vehicle startup with vertically integrated manufacturing. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles.\nThe company's SUVs are hybrids of a sort. They use electric motors (one on the front axle and one on the rear), but those motors are powered by a combination of a 40.5kWh battery packanda 1.2-liter turbocharged engine paired to a 45-liter fuel tank and a 100kW electric generator, which generates power for the battery pack in real-time. The idea is that the car can be driven for about 100 miles on battery power alone, but it has a total range of nearly 500 miles when leveraging the combustion engine generator.\nThe Company's primary product is an SUV under its brand Li ONE. It also sells peripheral products and provides related services, such as charging stalls, vehicle internet connection services, and extended lifetime warranties. Li Auto is looking to sell a variety of SUVs built on its hybrid technology that range from around $21,000 to about $70,000. The company started shipping its first model in late 2019. It's a midsize SUV is well-appointed and has lots of touchscreens and technology. A full-size premium version is planned for release in 2022.\nDeliveries of Li ONEs were 14,464 vehicles in the fourth quarter of 2020, representing a 67.0% quarter-over-quarter increase and setting a new quarterly record. Deliveries for the full year 2020 reached 32,624 vehicles. Revenue in the fourth quarter was $635 million.\nLI auto went public on July 30th, 2020, raising $1.1 billion at an initial price of $15.50 per share but quickly reached almost $24. It is currently valued at approximately $37 billion at a price of approximately $25.72 per share.\nXPeng (XPEV)\nXiaopeng (XPeng) Motors is a Chinese electric vehicle and technology company that designs and manufactures smart cars. It was founded in 2015 and went public on August 27, 2020, using American depository shares, raising about $1 billion. To date, it has raised about $2.6 billion.\nXPeng aims its EVs at technology-savvy middle-class Chinese consumers, with prices ranging from $22,000 to $45,000 after government subsidies. In some ways, it is a Tesla knock-off at a much lower price. XPeng started production of the G3 in November 2018, and as of July 31, 2020, delivered 18,741. It started production of the P7 and began delivery in May 2020, and as of July 31, 2020, it had delivered 1,966 EVs. The P7 has a range of more than 400 miles. It plans to launch a third Smart EV, a sedan, in 2021. The G3 was among the top-three best-selling electric SUVs in China in 2019.\nXPeng is interesting because it has a platform strategy and is moving aggressively into autonomous driving. It uses a platform strategy to expand product offerings by launching one Smart EV model each year to broaden the addressable market. It builds new models on two highly flexible Smart EV platforms, called David and Edward, respectively. The David platform has been designed for vehicles with wheelbases ranging from 2,600 millimeters to 2,800 millimeters, and the Edward platform has been designed for vehicles with wheelbases ranging from 2,800 millimeters to 3,100 millimeters. It also adopted a platform approach for software systems.\nXPeng claims to be developing an autonomous driving capability for its EVs. The P7 is the first production vehicle to feature the NVIDIA DRIVE AGX Xavier system-on-a-chip (SoC) autonomous driving platform. The company's Smart Electric Platform Architecture (SEPA) runs on 2 chips - NVIDIA for the XPILOT and Qualcomm's Snapdragon™ 820A for intelligent services and infotainment, including cameras inside and outside, radars, HD-map, and ultrasonic sensors. Like Tesla, it claims it can create sufficiently-autonomous driving without lidar.\nTo enhance brand recognition and allow more people to experience its Smart EVs, it deployed a small number of Smart EVs in a ride-hailing service in Guangzhou on a trial basis, but it has no current plan to scale up a ride-hailing service.\nXpeng sees first-quarter 2021 deliveries rising 450% year-over-year to 12,500 vehicles. Revenues are expected to increase 533% from a year ago. The company didn't provide bottom-line estimates for the quarter, but will likely post another net loss as it ramps up manufacturing, invests in R&D, and builds out a new manufacturing plant set to open in 2022.\nXpeng reported selling 12,964 vehicles in Q4 2020, up 303% from a year ago. It delivered a total of 27,041 vehicles in 2020, up 112%. It makes the P7 sedan, a rival to the made-in-China Tesla Model 3, and the small G3 SUV.\nThe stock opened on August 27, 2020 at a price of $15 and a valuation of $11 billion, but its stock jumped more than 40% shortly after. Its current valuation is about $35 billion at a stock price of approximately $36.13 per share. It had about $300 million in revenue in 2019 with a loss of about $500 million.\nNio (NIO)\nUnlike previous companies, Nio has been a public company for some time. It originally went public in the U.S. back in September of 2018, selling IPO shares at $6.26 and raising $1 billion.\nNio's IPO was far from smooth. After going public at $6.26 per share, it traded down to nearly $1. Then in the middle of the coronavirus outbreak, Nio received a much-needed investment of $1 billion from investors, including state-backed entities.\nNio designs, jointly manufactures, and sells smart and connected premium electric vehicles, attempting to develop next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Joint manufacturing means that it uses a state-owned contract manufacturer to build its cars.\nNio plans to provide customers with comprehensive, convenient, and innovative charging solutions and other user-centric services. It began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. Nio officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. It officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 with deliveries in 2020.\nNio sold 17,353 EVs in Q4/2020 and 43,728 for the year. It warned a shortage in chips and batteries will force a production slowdown to 7,500 a month in Q2 from 10,000 vehicles a month in February.\nNio currently trades at more than $43 per share, including a big jump recently, for a valuation of approximately $48 billion. It had revenue of $2.3 billion in 2019 for a loss of $3.8 billion.\nSummary\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this should provide exciting new investment opportunities. However, the investment terrain is complex. There are dozens of new start-ups where the public can now invest that were previously exclusively venture capital investment opportunities. Many of these are following different roads to success. There are legacy auto manufacturers that could prosper or get destroyed in this transition. There are some exciting new EV company opportunities in China. And then there is Tesla.\nThis EV roadmap is intended to help investors explore different roads to investment by explaining the basic strategies for these EV companies. These roads can have different opportunities and risks, and the roadmap helps to frame these. Above all, valuation is an overriding risk that is highlighted throughout this article.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325874031,"gmtCreate":1615890484823,"gmtModify":1704787998785,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"In it for the long run&nbsp;","listText":"In it for the long run&nbsp;","text":"In it for the long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325874031","repostId":"1164075443","repostType":4,"repost":{"id":"1164075443","pubTimestamp":1615888789,"share":"https://ttm.financial/m/news/1164075443?lang=&edition=fundamental","pubTime":"2021-03-16 17:59","market":"us","language":"en","title":"3 Growth Stocks to Buy and Hold for the Next 10 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1164075443","media":"Motley Fool","summary":"Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amaz","content":"<p>Patience is one of the most valuable traits for investing. Without it, you might invest in, say,<b>Amazon.com</b>(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around $400 per share three years later -- more than doubling your money but losing out on a lot, as the stock went on to surpass $3,000 per share.</p>\n<p>The trick to making big bucks in the stock market is generally just buying into great companies and hanging on to them for a long time, through ups and downs -- because great companies will recover from dips and go on to reach new highs. You do want to keep up with them, to make sure their prospects remain rosy, but otherwise there's little to do.</p>\n<p>Here are threegrowth stocksto consider for berths in your long-term portfolio. Each looks like it could reward shareholders well over the coming decade.</p>\n<p><b>1. Veeva Systems</b></p>\n<p>You may not have heard of<b>Veeva Systems</b>(NYSE:VEEV), but it's a sizable company, with a recent market value of $39 billion -- greater than that of<b>Twitter</b>,<b>Ford Motor Company</b>,<b>Hershey</b>, or<b>Southwest Airlines</b>. Veeva offers cloud-based technology and services that help companies bring new products and services to market while complying with industry regulations. This is especially useful in the pharmaceutical realm, where drugs in development must undergo rigorous rounds of clinical testing.</p>\n<p>Interestingly, Veeva recently became a \"Public Benefit Corporation,\" meaning that it's legally bound to consider the interests not only of shareholders in its decision-making and actions, but also of customers, employees, and other stakeholders. If you have any interest in socially responsible investing, this should please you.</p>\n<p>So how is its business actually doing? Well, its most recent fiscal year results featured total revenue up 33% year over year and net income up 26%. Management noted that \"Veeva ended the year with 993 customers, up from 861 the year prior.\" (That's a 15% jump.) Also: \"Subscription revenue retention was 124% for the year\" -- meaning that on average, customers not only stuck around, but spent more.</p>\n<p>With a recent price-to-earnings (P/E) ratio of 109,Veeva Systemsstock isn't cheap. But if you're planning to hold for at least 10 years, you're likely to come out OK. Or to be safer, add it to your watch list and hope for a pullback in price.</p>\n<p><b>2. Netflix</b></p>\n<p><b>Netflix</b>(NASDAQ:NFLX)needs little introduction as a widely used service and also as a stock. Over the past 19-some years, its shares have soared a total of 44,557% -- enough to turn a $1,000 investment into $446,287. That's an average annual growth rate of more than 38%! (For context, the overallstock market's average annual returnover long periods has been closer to 10%.)</p>\n<p>It's been one of the beststock marketperformers over the past decades. Netflix also serves as a terrific object lesson, showing how great companies can stumble and their stock can tank, and yet they can still recover and go on to great heights. In 2011, Netflix's CEO, Reed Hastings, saw that streaming video held much promise, so he announced plans to spin off Netflix's DVDs-by-mail business into one called \"Qwikster,\" while having Netflix focus on streaming. The plan was widely mocked or scoffed at, customers were upset at the thought of paying for two subscriptions instead of one, and the stock took a big hit. The plans were scrapped, and Netflix's business resumed growing.</p>\n<p>Today, it's a streaming behemoth, with a recent market value of $229 billion -- more valuable than<b>Nike</b>or<b>PepsiCo</b>. Inits last quarter, Netflix added more than 8 million new subscribers, bringing its total to more than 200 million. Its revenue for the quarter popped 21.5% year over year, and another bit of great news was that the company said it doesn't plan to take on debt in order to fund its operations anymore. In other words, it has plenty of cash coming in -- and expects to break even with cash flow in the coming year.</p>\n<p>Netflix's stock may look steeply priced, at a P/E ratio of 85 and a price-to-cash-flow ratio of 97, but both of those numbers are well below their five-year averages. For long-term investors, this seems a reasonable moment at which to buy shares. (If you're skeptical but you still like the company'slong-term prospects, consider buying just a small position in the company, to start.)</p>\n<p><img src=\"https://static.tigerbbs.com/69ffadbb9661b7557005ccfb309ceed9\" tg-width=\"700\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>IMAGE SOURCE: GETTY IMAGES.</p>\n<p><b>3. Square</b></p>\n<p>Finally, there's<b>Square</b>(NYSE:SQ). You may know it as the company behind those little square credit card-readers attached to the smartphones some merchants use, but thefintech&nbsp;(financial technology) company is now about much more than that, as its recent $110 billion market capitalization suggests. (That price tag makes it more valued than<b>American Express</b>&nbsp;and<b>FedEx</b>.)</p>\n<p>Square has two main businesses at the moment -- its \"Seller\" division, which helps merchants process credit card transactions via various devices, and its newer (and faster-growing)Cash Appservice, which is much like<b>PayPal's</b>&nbsp;Venmo. It has banking features, such as direct deposit, and allows users to send and receive money -- and even to invest in stocks.</p>\n<p>Square has been challenged during the pandemic, as closed stores mean less business for it. But we're on our way to putting the pandemic behind us and fully opening our economy, and Square islikely to benefitfrom that. Meanwhile,the company is growing, boosting its active Cash App user base by 50% year over year in its last quarter. It has also entered the bitcoin world, with CEO Jack Dorsey noting on a recent company earnings call that \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"</p>\n<p>Square is arguably the most steeply priced of these three portfolio contenders, with a recent P/E ratio of 550. (Its forward-looking P/E, though, based on next year's expected earnings, is&nbsp;a slightly more palatable 192.) Again, if after more research you're very bullish on Square, you might buy some shares now -- or buy a smaller position now, or just add it to your watchlist in case it pulls back.</p>\n<p>If none of these companies have your interest sufficiently piqued, there are plenty of other fast-growing businesses to investigate and in which to possibly invest.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Growth Stocks to Buy and Hold for the Next 10 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Growth Stocks to Buy and Hold for the Next 10 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amazon.com(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VEEV":"Veeva Systems Inc.","SQ":"Block","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164075443","content_text":"Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amazon.com(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around $400 per share three years later -- more than doubling your money but losing out on a lot, as the stock went on to surpass $3,000 per share.\nThe trick to making big bucks in the stock market is generally just buying into great companies and hanging on to them for a long time, through ups and downs -- because great companies will recover from dips and go on to reach new highs. You do want to keep up with them, to make sure their prospects remain rosy, but otherwise there's little to do.\nHere are threegrowth stocksto consider for berths in your long-term portfolio. Each looks like it could reward shareholders well over the coming decade.\n1. Veeva Systems\nYou may not have heard ofVeeva Systems(NYSE:VEEV), but it's a sizable company, with a recent market value of $39 billion -- greater than that ofTwitter,Ford Motor Company,Hershey, orSouthwest Airlines. Veeva offers cloud-based technology and services that help companies bring new products and services to market while complying with industry regulations. This is especially useful in the pharmaceutical realm, where drugs in development must undergo rigorous rounds of clinical testing.\nInterestingly, Veeva recently became a \"Public Benefit Corporation,\" meaning that it's legally bound to consider the interests not only of shareholders in its decision-making and actions, but also of customers, employees, and other stakeholders. If you have any interest in socially responsible investing, this should please you.\nSo how is its business actually doing? Well, its most recent fiscal year results featured total revenue up 33% year over year and net income up 26%. Management noted that \"Veeva ended the year with 993 customers, up from 861 the year prior.\" (That's a 15% jump.) Also: \"Subscription revenue retention was 124% for the year\" -- meaning that on average, customers not only stuck around, but spent more.\nWith a recent price-to-earnings (P/E) ratio of 109,Veeva Systemsstock isn't cheap. But if you're planning to hold for at least 10 years, you're likely to come out OK. Or to be safer, add it to your watch list and hope for a pullback in price.\n2. Netflix\nNetflix(NASDAQ:NFLX)needs little introduction as a widely used service and also as a stock. Over the past 19-some years, its shares have soared a total of 44,557% -- enough to turn a $1,000 investment into $446,287. That's an average annual growth rate of more than 38%! (For context, the overallstock market's average annual returnover long periods has been closer to 10%.)\nIt's been one of the beststock marketperformers over the past decades. Netflix also serves as a terrific object lesson, showing how great companies can stumble and their stock can tank, and yet they can still recover and go on to great heights. In 2011, Netflix's CEO, Reed Hastings, saw that streaming video held much promise, so he announced plans to spin off Netflix's DVDs-by-mail business into one called \"Qwikster,\" while having Netflix focus on streaming. The plan was widely mocked or scoffed at, customers were upset at the thought of paying for two subscriptions instead of one, and the stock took a big hit. The plans were scrapped, and Netflix's business resumed growing.\nToday, it's a streaming behemoth, with a recent market value of $229 billion -- more valuable thanNikeorPepsiCo. Inits last quarter, Netflix added more than 8 million new subscribers, bringing its total to more than 200 million. Its revenue for the quarter popped 21.5% year over year, and another bit of great news was that the company said it doesn't plan to take on debt in order to fund its operations anymore. In other words, it has plenty of cash coming in -- and expects to break even with cash flow in the coming year.\nNetflix's stock may look steeply priced, at a P/E ratio of 85 and a price-to-cash-flow ratio of 97, but both of those numbers are well below their five-year averages. For long-term investors, this seems a reasonable moment at which to buy shares. (If you're skeptical but you still like the company'slong-term prospects, consider buying just a small position in the company, to start.)\n\nIMAGE SOURCE: GETTY IMAGES.\n3. Square\nFinally, there'sSquare(NYSE:SQ). You may know it as the company behind those little square credit card-readers attached to the smartphones some merchants use, but thefintech (financial technology) company is now about much more than that, as its recent $110 billion market capitalization suggests. (That price tag makes it more valued thanAmerican Express andFedEx.)\nSquare has two main businesses at the moment -- its \"Seller\" division, which helps merchants process credit card transactions via various devices, and its newer (and faster-growing)Cash Appservice, which is much likePayPal's Venmo. It has banking features, such as direct deposit, and allows users to send and receive money -- and even to invest in stocks.\nSquare has been challenged during the pandemic, as closed stores mean less business for it. But we're on our way to putting the pandemic behind us and fully opening our economy, and Square islikely to benefitfrom that. Meanwhile,the company is growing, boosting its active Cash App user base by 50% year over year in its last quarter. It has also entered the bitcoin world, with CEO Jack Dorsey noting on a recent company earnings call that \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"\nSquare is arguably the most steeply priced of these three portfolio contenders, with a recent P/E ratio of 550. (Its forward-looking P/E, though, based on next year's expected earnings, is a slightly more palatable 192.) Again, if after more research you're very bullish on Square, you might buy some shares now -- or buy a smaller position now, or just add it to your watchlist in case it pulls back.\nIf none of these companies have your interest sufficiently piqued, there are plenty of other fast-growing businesses to investigate and in which to possibly invest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322766211,"gmtCreate":1615830306633,"gmtModify":1704787266256,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Is Cathie your go-to for potential picks?","listText":"Is Cathie your go-to for potential picks?","text":"Is Cathie your go-to for potential picks?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322766211","repostId":"1170973847","repostType":4,"repost":{"id":"1170973847","pubTimestamp":1615823072,"share":"https://ttm.financial/m/news/1170973847?lang=&edition=fundamental","pubTime":"2021-03-15 23:44","market":"us","language":"en","title":"Cathie Wood and ARK Invest see record volumes traded in ETFs","url":"https://stock-news.laohu8.com/highlight/detail?id=1170973847","media":"seekingalpha","summary":"Cathie Wood and ARK Invest see record trade volumes in their five actively managed exchange traded f","content":"<p>Cathie Wood and ARK Invest see record trade volumes in their five actively managed exchange traded funds.</p>\n<p>The five exchange traded funds ARKK, ARKQ, ARKW, ARKG, and ARKF have seen nearly $150b in volume this year. This amount is almost double what was traded in 2020 and nearly 25X what was traded in 2019.</p>\n<p>ARK Innovation ETF(NYSEARCA:ARKK)&nbsp;which closed&nbsp;+3.28%&nbsp;last week is&nbsp;+1.29%&nbsp;today and has turned over $78.262b in traded value so far in 2021.</p>\n<p>Autonomous Technology &amp; Robotics ETF(BATS:ARKQ)&nbsp;which closed&nbsp;+7.56%&nbsp;last week is&nbsp;+1.23%&nbsp;today and has turned over&nbsp;$8.241b&nbsp;in traded value so far in 2021.</p>\n<p>Next Generation Internet ETF&nbsp;(NYSEARCA:ARKW)&nbsp;which closed&nbsp;+8.49%&nbsp;last week is&nbsp;+1.36%&nbsp;today and has turned over&nbsp;$17.615b&nbsp;in traded value so far in 2021.</p>\n<p>Genomic Revolution ETF&nbsp;(BATS:ARKG)&nbsp;which closed&nbsp;+8.59%&nbsp;last week is&nbsp;+1.44%&nbsp;today and has turned over&nbsp;$31.428b&nbsp;in traded value so far in 2021.</p>\n<p>Fintech Innovation ETF&nbsp;(NYSEARCA:ARKF)&nbsp;which closed&nbsp;+7.49%&nbsp;last week is&nbsp;+0.70%&nbsp;today and has turned over&nbsp;$10.501b&nbsp;in traded value so far in 2021.</p>\n<li><p>Cathie Wood and Ark Invest have seen recordinflowsandoutflowsbut one thing that remains consistent is the record volumes investors have seen with the five actively managed ETFs.</p></li>\n<li><p>Cathie Wood and her innovative ETFs have been sensitive to rising bond yields as technology stocks have suffered the most in recent days.</p></li>","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>Cathie Wood and ARK Invest see record volumes traded in ETFs</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\">\nCathie Wood and ARK Invest see record volumes traded in ETFs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 23:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3672689-cathie-wood-and-ark-invest-see-record-volumes-traded-in-etfs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood and ARK Invest see record trade volumes in their five actively managed exchange traded funds.\nThe five exchange traded funds ARKK, ARKQ, ARKW, ARKG, and ARKF have seen nearly $150b in ...</p>\n\n<a href=\"https://seekingalpha.com/news/3672689-cathie-wood-and-ark-invest-see-record-volumes-traded-in-etfs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF"},"source_url":"https://seekingalpha.com/news/3672689-cathie-wood-and-ark-invest-see-record-volumes-traded-in-etfs","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1170973847","content_text":"Cathie Wood and ARK Invest see record trade volumes in their five actively managed exchange traded funds.\nThe five exchange traded funds ARKK, ARKQ, ARKW, ARKG, and ARKF have seen nearly $150b in volume this year. This amount is almost double what was traded in 2020 and nearly 25X what was traded in 2019.\nARK Innovation ETF(NYSEARCA:ARKK) which closed +3.28% last week is +1.29% today and has turned over $78.262b in traded value so far in 2021.\nAutonomous Technology & Robotics ETF(BATS:ARKQ) which closed +7.56% last week is +1.23% today and has turned over $8.241b in traded value so far in 2021.\nNext Generation Internet ETF (NYSEARCA:ARKW) which closed +8.49% last week is +1.36% today and has turned over $17.615b in traded value so far in 2021.\nGenomic Revolution ETF (BATS:ARKG) which closed +8.59% last week is +1.44% today and has turned over $31.428b in traded value so far in 2021.\nFintech Innovation ETF (NYSEARCA:ARKF) which closed +7.49% last week is +0.70% today and has turned over $10.501b in traded value so far in 2021.\nCathie Wood and Ark Invest have seen recordinflowsandoutflowsbut one thing that remains consistent is the record volumes investors have seen with the five actively managed ETFs.\nCathie Wood and her innovative ETFs have been sensitive to rising bond yields as technology stocks have suffered the most in recent days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322023483,"gmtCreate":1615739596542,"gmtModify":1704786057121,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569909577058566","idStr":"3569909577058566"},"themes":[],"htmlText":"Bullish ?","listText":"Bullish ?","text":"Bullish ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322023483","repostId":"2118935050","repostType":4,"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":185827106,"gmtCreate":1623642376205,"gmtModify":1704207647416,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Trade wisely","listText":"Trade wisely","text":"Trade wisely","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/185827106","repostId":"1105297799","repostType":4,"repost":{"id":"1105297799","pubTimestamp":1623626792,"share":"https://ttm.financial/m/news/1105297799?lang=&edition=fundamental","pubTime":"2021-06-14 07:26","market":"us","language":"en","title":"A Meme Stock Is Born: How to Spot the Next Reddit Favorite","url":"https://stock-news.laohu8.com/highlight/detail?id=1105297799","media":"Bloomberg","summary":"Heavily shorted shares are a common theme among the group. The big stock-price gains often come alongside big drops. While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.“I can’t imagine this is going to continue in the sam","content":"<ul>\n <li>Heavily shorted shares are a common theme among the group</li>\n <li>The big stock-price gains often come alongside big drops</li>\n</ul>\n<p>Trying to keep up with the frenzied rise of so-called meme stocks mightfeela bit like playing a game of whack-a-mole, bewildering analysts and investors alike.</p>\n<p>While there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.</p>\n<p>Investors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least $100 million and short interest of 15% or more, according to S3 Partners data compiled by Bloomberg. More than 80% of those names have managed positive returns over the last month with the average gain sitting at about 18%, while the S&amp;P 500 Index rose 2.3%.</p>\n<p><img src=\"https://static.tigerbbs.com/3cc5569937ba7f5b5c78898800cdfdfc\" tg-width=\"773\" tg-height=\"717\"></p>\n<p>Among the most heavily shorted stocks are names like&nbsp;Clover Health Investments Corp.,Workhorse Group Inc.&nbsp;and&nbsp;Geo Group Inc., which have already caught the attention of retail traders in recent days.</p>\n<p>Meanwhile,Bumble Inc.&nbsp;and&nbsp;Petco Health and Wellness Co., both fresh off initial public offerings this year, find themselves on the outside looking in as part of the few companies on the list that haven’t seen outsized gains over the last month. Joining them is ad-tech firmPubMatic Inc., which boasts the highest short interest at 54%, recreational boat retailer MarineMax Inc. and biotech companyBlack Diamond Therapeutics Inc., which has plunged more than 50% over the last month.</p>\n<p><img src=\"https://static.tigerbbs.com/dd6a19a4330894a2f8dfe602f1f76c6a\" tg-width=\"773\" tg-height=\"737\"></p>\n<p>While these sudden rallies can create lucrative returns for investors in the blink of an eye, the extreme volatility that accompanies them can quickly catch traders offside, leaving them holding the bag as shares plunge back to earth.</p>\n<p>After opening the week with a 32% gain, Clover Health’s shares jumped by as much as 142% over the next two days. But, by the close of trading Thursday, anyone who had bought and held shares after Monday’s pop was now underwater.</p>\n<p><img src=\"https://static.tigerbbs.com/bb51208dc3df58cd52f6d1a876bdf594\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>“I can’t imagine this is going to continue in the same form or fashion for much longer,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. “Just because something is shorted doesn’t mean buying it is going to work out for you,” he added. “You’re playing with fire.”</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>A Meme Stock Is Born: How to Spot the Next Reddit Favorite</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA Meme Stock Is Born: How to Spot the Next Reddit Favorite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Heavily shorted shares are a common theme among the group\nThe big stock-price gains often come alongside big drops\n\nTrying to keep up with the frenzied rise of so-called meme stocks mightfeela bit ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp\">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","BMBL":"Bumble Inc.","KWITD":"Wellness Matrix Group, Inc.","GEO":"GEO惩教集团",".DJI":"道琼斯","WOOF":"Petco Health and Wellness Company, Inc.","CLOV":"Clover Health Corp","WKHS":"Workhorse Group, Inc.",".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-13/a-meme-stock-is-born-how-to-spot-the-next-reddit-favorite?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105297799","content_text":"Heavily shorted shares are a common theme among the group\nThe big stock-price gains often come alongside big drops\n\nTrying to keep up with the frenzied rise of so-called meme stocks mightfeela bit like playing a game of whack-a-mole, bewildering analysts and investors alike.\nWhile there’s no steadfast definition of what constitutes a meme stock, one common thread across the many names being pitched on social media is a focus on heavily shorted companies. Shares of Reddit iconGameStop Corp.jumped as much as 2,500% in January after day traders noticed its short interest had ballooned to record levels.\nInvestors looking for other stocks that might fit that mold will find nearly 230 firms with a market capitalization of at least $100 million and short interest of 15% or more, according to S3 Partners data compiled by Bloomberg. More than 80% of those names have managed positive returns over the last month with the average gain sitting at about 18%, while the S&P 500 Index rose 2.3%.\n\nAmong the most heavily shorted stocks are names like Clover Health Investments Corp.,Workhorse Group Inc. and Geo Group Inc., which have already caught the attention of retail traders in recent days.\nMeanwhile,Bumble Inc. and Petco Health and Wellness Co., both fresh off initial public offerings this year, find themselves on the outside looking in as part of the few companies on the list that haven’t seen outsized gains over the last month. Joining them is ad-tech firmPubMatic Inc., which boasts the highest short interest at 54%, recreational boat retailer MarineMax Inc. and biotech companyBlack Diamond Therapeutics Inc., which has plunged more than 50% over the last month.\n\nWhile these sudden rallies can create lucrative returns for investors in the blink of an eye, the extreme volatility that accompanies them can quickly catch traders offside, leaving them holding the bag as shares plunge back to earth.\nAfter opening the week with a 32% gain, Clover Health’s shares jumped by as much as 142% over the next two days. But, by the close of trading Thursday, anyone who had bought and held shares after Monday’s pop was now underwater.\n\n“I can’t imagine this is going to continue in the same form or fashion for much longer,” said Barry Schwartz, chief investment officer at Baskin Wealth Management. “Just because something is shorted doesn’t mean buying it is going to work out for you,” he added. “You’re playing with fire.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":668,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355197701,"gmtCreate":1617033209503,"gmtModify":1704801201371,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"????","listText":"????","text":"????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/355197701","repostId":"1108487611","repostType":4,"repost":{"id":"1108487611","pubTimestamp":1617030137,"share":"https://ttm.financial/m/news/1108487611?lang=&edition=fundamental","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">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.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":383,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366307740,"gmtCreate":1614390593280,"gmtModify":1704771470986,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Careful","listText":"Careful","text":"Careful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/366307740","repostId":"1146313632","repostType":4,"repost":{"id":"1146313632","pubTimestamp":1614334339,"share":"https://ttm.financial/m/news/1146313632?lang=&edition=fundamental","pubTime":"2021-02-26 18:12","market":"us","language":"en","title":"Gamestop And High Volatility Options","url":"https://stock-news.laohu8.com/highlight/detail?id=1146313632","media":"Options AI: Learn","summary":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from ","content":"<p><b>Gamestop Corp.</b>&nbsp;shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.</p><hr><p><b>Gamestop: The Expected Move</b></p><p>First, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):</p><p><img src=\"https://static.tigerbbs.com/e35872724d8db887fa09d822d622ac8c\" tg-width=\"568\" tg-height=\"817\" referrerpolicy=\"no-referrer\"></p><p>Gamestop: Call Spreads vs Outright Calls</p><p>Using March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.</p><p>Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.</p><p>With Gamestop near $105, the&nbsp;<b>March 19th 110/190 Debit Call Spread</b>&nbsp;is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.</p><p>As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:</p><p><img src=\"https://static.tigerbbs.com/b044a22bfbe5a8326f9aa3ebf56ed4fd\" tg-width=\"570\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>And next, the 145/200 debit call spread:</p><p><img src=\"https://static.tigerbbs.com/6cdf8545f07da48f770ef81cb4e5ac53\" tg-width=\"569\" tg-height=\"792\" referrerpolicy=\"no-referrer\"></p><p>As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)</p><p>A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).</p><p>Directional Butterflies vs Outright Puts</p><p>High volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.</p><p>One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).</p><p>So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.</p><p>Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:</p><p><img src=\"https://static.tigerbbs.com/f7cb8f9b0570e854f662f3031e50ca91\" tg-width=\"573\" tg-height=\"740\" referrerpolicy=\"no-referrer\"></p><p>This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.</p>","source":"lsy1614334070724","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>Gamestop And High Volatility Options</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\">\nGamestop And High Volatility Options\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://learn.optionsai.com/gamestop-and-high-volatility-options/><strong>Options AI: Learn</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique ...</p>\n\n<a href=\"https://learn.optionsai.com/gamestop-and-high-volatility-options/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://learn.optionsai.com/gamestop-and-high-volatility-options/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146313632","content_text":"Gamestop Corp. shares have soared the past few days with the stock up nearly 200% at one point from last week (but still down significantly from recent short squeeze highs). We'll look at the unique situations that arise in the options of a highly volatile stock like Gamestop and a few things that might be considered before trading options.Gamestop: The Expected MoveFirst, a look at how options are pricing upcoming moves. Here's theOptions AIexpected move chart for Gamestop, with a nearly 30% move being priced into this Friday's close. And a roughly 80% move being priced for the next month. A month that includes an earnings event (unconfirmed):Gamestop: Call Spreads vs Outright CallsUsing March 19th as an expiry we first looks at bullish spreads, and compare directly to outright calls. With a stock as volatile as Gamestop, calls can be expensive. Because of that, many traders resort to buying far out of the money calls. That demand for upside calls increases volatility in those calls, making them expensive relative to at-the-money calls – a phenomenon known as skew. However, for those that are bullish, this may create an opportunity to utilize spreads rather than buying an outright call. Let's see how.Here we'll focus on one alternative – using debit spreads to lower the overall cost of a directional trade (while potentially improving the probability of profit of the trade itself by lowering the breakeven level). It does so by selling those relatively expensive out-the-money Calls to help finance the purchase of a nearer to at-the-money Call.With Gamestop near $105, the March 19th 110/190 Debit Call Spread is roughly $15 and targets the bullish expected move for March 19th. The debit call spread would need the stock to be above $125 on March 19th to be profitable.As a comparison, the GME March 19th 200 calls are trading $29. That's nearly twice the cost for a 200 call that needs the stock above $229 by March 19th… versus a call spread, that needs the stock above $125. Here's a side by side comparison of those two trades on the Options AI chart. First, the 200 call:And next, the 145/200 debit call spread:As you can see, not only is the call spread less expensive, the point at which is becomes profitable to the upside is much closer to where the stock is currently trading. (As indicated by the grey price of the breakeven.)A note on probability of profit. The probability of profit displayed on these trades is based on the delta being assigned to the breakeven of the trade. The fact that a 200 call in a $105 stock is trading near 50 deltas shows just how distorting an effect Gamestop volatility is having on its options (hard to borrow, skew, retail demand for out-of-the-money calls).Directional Butterflies vs Outright PutsHigh volatility also affects bearish options trades. One of the counter-intuitive aspects of a high volatility stock like Gamestop is that its implied volatility can go up as the stock goes higher and down as the stock goes lower. This is the opposite of how we generally think about volatility. Therefore, buying outright puts carries a risk of collapsing volatility (and therefore collapsing premiums) as the stock goes lower. So, even though the stock is moving in the intended direction, as an option holder you may not be realizing the gains expected.One way to counter high implied volatility in a stock, especially when having a bearish view, is to be a net seller of option premium. To sell to bullish option traders rather than join bearish option traders. Traditionally that might take the form of selling a Credit Call Spread. But in GME's case that means buying the (expensive) upper strike Call at a higher volatility than the Call that is closer to the money (as described above).So, one option strategy that can be considered by traders is using a Butterfly. An option trade that is more typically associated with a neutral trading view, but here adapted to actually create a targeted (bearish) directional view.Here, as an example, is a Butterfly with its center strikes focused at $80 in the stock, with a March 19th expiry:This 130/80/30 butterfly has breakevens of 115 and 45, meaning the trade is profitable if the stock is between those two prices at March 19th expiry… with a max gain occurring if the stock is at or near $80. It has the additional dynamic of being short premium, and if the stock stays within its range would see mark to market gains if implied volatility compressed.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573460279780916","authorId":"3573460279780916","name":"Yyangyang","avatar":"https://static.tigerbbs.com/af03e90f03996b1e2424f9ab150e255a","crmLevel":4,"crmLevelSwitch":0,"idStr":"3573460279780916","authorIdStr":"3573460279780916"},"content":"Thanks for the head up!","text":"Thanks for the head up!","html":"Thanks for the head up!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369109493,"gmtCreate":1614006608512,"gmtModify":1704886855514,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Hmm interesting..&nbsp;","listText":"Hmm interesting..&nbsp;","text":"Hmm interesting..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/369109493","repostId":"1155156489","repostType":4,"isVote":1,"tweetType":1,"viewCount":9,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573460279780916","authorId":"3573460279780916","name":"Yyangyang","avatar":"https://static.tigerbbs.com/af03e90f03996b1e2424f9ab150e255a","crmLevel":4,"crmLevelSwitch":0,"idStr":"3573460279780916","authorIdStr":"3573460279780916"},"content":"I think so too.","text":"I think so too.","html":"I think so too."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159388220,"gmtCreate":1624941566460,"gmtModify":1703848487023,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Let’s go tech stocks!","listText":"Let’s go tech stocks!","text":"Let’s go tech stocks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159388220","repostId":"2147837316","repostType":4,"isVote":1,"tweetType":1,"viewCount":780,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350038288,"gmtCreate":1616135527744,"gmtModify":1704791388795,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/350038288","repostId":"1196402560","repostType":4,"repost":{"id":"1196402560","pubTimestamp":1616134696,"share":"https://ttm.financial/m/news/1196402560?lang=&edition=fundamental","pubTime":"2021-03-19 14:18","market":"us","language":"en","title":"New Electric Vehicle Investment Roadmap","url":"https://stock-news.laohu8.com/highlight/detail?id=1196402560","media":"seekingalpha","summary":"Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, an","content":"<p><b>Summary</b></p>\n<ul>\n <li>It's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.</li>\n <li>Last October, I wrote a popular article providing a roadmap for investing in electric vehicles, but since then, so much has changed: new entrants, new strategies, fluctuating valuations, etc.</li>\n <li>So, I updated and greatly expanded the previous EV investment roadmap.</li>\n <li>This update includes a deeper look at valuations for 23 EV companies with revenue projections, when available.</li>\n <li>It also classifies these EV companies into their primary market categories and summarizes their different strategies.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bb96acc615cba9c7842860658c019ab1\" tg-width=\"768\" tg-height=\"432\"><span>Photo by Sven Loeffler/iStock via Getty Images</span></p>\n<p>My article&nbsp;Electric Vehicle Investment Roadmap&nbsp;published five months ago, was popular, and some followers have requested an update. Many new EV companies entered the market, most of them through SPACs. Valuations fluctuated wildly, and there has been a great deal of publicity around these companies.</p>\n<p>This new updated EV investment roadmap is greatly expanded. In addition to updating the strategies and progress of companies previously discussed, I expanded the number of companies covered. This article also groups EV companies into their primary markets, enabling better comparisons and evaluation of market opportunities. In addition, it includes a comparative valuation chart showing every company's market cap with a comparison to projected revenue, where possible. This takes advantage (good or bad) of looking at the long-term revenue forecasts provided in SPAC mergers that public companies can't make.</p>\n<p>In addition to the EV manufacturers discussed here, there are also EV investment opportunities in charging station companies, battery manufacturers, and battery materials companies. These were covered in the original roadmap and may also be updated in a later article.</p>\n<p>Approximately 2 million EVs were sold in 2019, and although the number declined along with all auto sales in 2020, it is forecasted to increase in 2021 and reach 8-10 million by 2025. Some forecast that EV sales will be greater than internal combustion engine (ICE) vehicles by 2030, or even earlier. The automobile market appears to be moving toward a historical transformation, and exceptional investment gains can be made by anticipating new emerging industries and investing in the eventual winners of those new industries. Amazon(NASDAQ:AMZN), Google(NASDAQ:GOOG)(NASDAQ:GOOGL), and Facebook(NASDAQ:FB)are obvious examples. Electric vehicles (EVs) have the potential to create a new emerging industry.</p>\n<p>There are also significant risks. Hundreds of new EV models are expected to be released in the next three years, which will drive rapid growth in EV sales. However, the expected sales from these new models, as well as the increasing expectations from Tesla, most likely exceed the total projected market. I wouldn't be surprised if many of the companies covered here won't exist five years from now. It reminds me of the internet bubble of the late 1990s when scores of internet-based companies went public with little or no revenue. Almost all of these failed within three years -- however, a couple, including Amazon, went on to enormous success.</p>\n<p>EVs provide a major new investment opportunity with high risks. To succeed, you need to have a clear EV investment roadmap.</p>\n<p>So, how can you invest in this new emerging market? The EV landscape is complex and investment opportunities are varied. While Tesla is the unquestioned leader in EVs, some consider it overvalued and unlikely to show exceptional returns to new investors. The current U.S. legacy automakers are committed to introducing many new EVs in the next few years, and they have some entrenched advantages with volume manufacturing capabilities, a dealer infrastructure, and loyal customers. There are exciting new EV start-ups in the U.S. that have come public this year, mostly through Special Purpose Acquisition Companies (SPACs), and there are several interesting publicly traded Chinese EV manufacturers.</p>\n<p>This new roadmap for EV investment classifies companies into three primary markets segments:</p>\n<ul>\n <li>The<b><i>Consumer Retail</i></b>segment includes EVs sold to consumers individually, such as SUVs, pickup trucks, sedans, etc.</li>\n <li>The<b><i>Commercial Delivery</i></b>segment includes local delivery EV vans and trucks sold to fleets.</li>\n <li>The<b><i>Medium- and Long-Haul Trucking</i></b>segment includes heavier Class 4 - Class 8 trucks, as well as special industrial vehicles.</li>\n</ul>\n<p>In addition, it categorizes<b>Legacy Manufacturers</b>and<b>Chinese EV Companies</b>. This enables investors to evaluate investment opportunities by considering unique opportunities within each market segment.</p>\n<p>There is an enormous amount of investment optimism for EVs, and retail investors have been aggressively buying into EV stocks with seemingly no regard for valuation. Then there is the additional challenge of valuing companies with no revenue, especially those coming public through SPACs. So, valuation is an important investment consideration.</p>\n<p>So let's start by looking at an overview of comparative EV valuations.</p>\n<p><b>EV Investment Valuation Overview</b></p>\n<p>The following chart summarizes valuations for 23 EV companies, including several legacy companies. For SPACs, market cap estimates are computed using the pro forma number of shares at closing, otherwise using the valuation of the SPAC prior to closing drastically underestimates the valuation, which may be misleading to novice investors. Price/Sales ratios (market cap divided by revenue) are used to compare valuations. As a benchmark, current P/S ratios vary. For example, auto and truck companies have a ratio of 2.7X. Software companies have the highest ratios of over 10X.</p>\n<p>In the chart, companies that currently have revenue show current P/S ratios. Where projections are available, projected P/S ratios are computed. A note of caution, however. Many of the EV companies came public through SPACs and published their projections (which public companies cannot do), and many of these are likely to prove unrealistic.</p>\n<p>All of the longer-term revenue projections come from the company (C) forecasts with a SPAC. Some of these may turn out to be accurate, not many are most likely unrealistic. Some, like Lucid, Faraday, and Arrival forecast hitting more than $10 billion in revenue in a few years, when it took Tesla more than 10. Things are different now and they might achieve these, but they could also find that it will take longer to complete development, ramp up production, and create enough customer demand. Many companies may also find that there will be significant capital requirements to achieve this type of growth, and shareholders will be diluted.</p>\n<p><img src=\"https://static.tigerbbs.com/bc360dfa7de01516b7f68d5962cf3017\" tg-width=\"640\" tg-height=\"883\"></p>\n<p>Tesla, the \"gold standard\" in EVs, has a market cap of approximately $650 billion, which many people believe is overvalued. Its market cap is approximately 20X 2020 revenue and 10X estimated 2022 revenue.</p>\n<p><b>Tesla (TSLA)</b></p>\n<p>In the U.S., and to a lesser extent in China, Tesla is the dominant EV provider. It has approximately 60% of the U.S. EV market and about 20% of the market in China. I own a Tesla and love it, but an investment in Tesla stock requires getting comfortable with its valuation. Tesla has a market cap of approximately $650 billion, although declining lately, which some consider still overvalued while others see upside potential.</p>\n<p>The investment opportunity with Tesla is based on the expectation that it will continue to dominate the EV market, or at least maintain significant market share, despite much greater competition from the expected introduction of hundreds of new EV models in the next few years.</p>\n<p>There is a great deal already published about Tesla, so I'll move on.</p>\n<p><b>Legacy Automakers</b></p>\n<p>Some people think that the legacy automakers will simply fade away. Historically, that was the case in some other industries, but it is not going to happen to most automakers. They are not standing still waiting to become obsolete. Most have aggressive strategies to replace ICE vehicles with EVs. GM plans to invest $27 billion and build and launch as many as 30 new EV models by 2025. Ford plans to invest $29 billion in EVs by 2025 and launch as many as 16 EVs in the next two years. Volkswagen(OTCPK:VWAGY)has also committed billions to develop new EVs.</p>\n<p>The competitive advantage that legacy automakers have in selling their new EVs is their dealer network. Will new EV customers prefer to continue going to their regular auto dealer to buy their new EV?</p>\n<p>Almost all legacy automakers worldwide are developing and launching EVs including Volkswagen, Peugeot, Renault/Nissan/Mitsubishi, Hyundai/Kia. Let's look a little more closely at GM and Ford as the leaders in the U.S.</p>\n<p><b>General Motors (GM)</b></p>\n<p>GM has committed to introducing 20 new electric vehicles by 2023, including EVs across Chevrolet, Cadillac, GMC, and Buick. It recently announced that it has already sold out the first-year production of its Hummer electric pickup. By mid-decade, it expects to sell a million EVs per year in its two largest markets: North America and China. As a reference point, Tesla reported deliveries of 367,500 vehicles globally in 2019.</p>\n<p>GM has a solid platform strategy for its EVs. It plans on building its EVs using five interchangeable drive units and three different motors from its Ultium Drive System platform. Ultium energy options range from 50 to 200 kWh, which could enable an estimated range of up to 400 miles. Most of its EVs will have 400-volt battery packs and up to 200 kW fast-charging capability while the truck platform will have 800-volt battery packs and 350 kW fast-charging capabilities.</p>\n<p>The key building blocks of the Ultium battery system are large-scale, high-energy cells. Engineered in partnership with LG Energy Solutions, they use both advanced chemistry and a smart cell design that's optimized for a broad portfolio of EVs. GM engineers and scientists are actively researching and testing new elements in battery chemistry to lower costs and improve charge times. Ultium can contain either vertically- or horizontally-stacked cells to integrate into vehicle design: vertically for trucks, SUVs, and crossovers, or horizontally for cars and performance vehicles. As new chemistry is developed and becomes available, the battery management system could digitally update the modules.</p>\n<p>GM also has other EV opportunities with its BrightDrop commercial EV service and its Cruise subsidiary. BrightDrop will not just sell delivery EVs, it will provide an entire service platform for commercial delivery customers. Its set of electric delivery vehicles starts with the EV600 and includes the BrightDrop EP1, a pod-like electric pallet. SeeGeneral Motors' Aggressive EV/AV Strategies May Payoff Big.</p>\n<p>With its highest stock price of $61.65, GM's current market cap is approximately $89 billion, increasing primarily because of its progress with EVs. This approximately 3X valuation in 2018, but still only 13% of Tesla.</p>\n<p><b>Ford (F)</b></p>\n<p>Ford is also investing heavily in EVs. It just introduced the Mustang Mach-E, a battery-powered crossover with sports car styling, and plans to introduce an all-electric version of its best-selling F-150 pickup later this year. Also, planned is an electric edition of the full-size Transit van, which has been popular in the commercial delivery market. Ford has confirmed plans to build a luxury Lincoln crossover on a battery-powered platform provided by Rivian. The automaker also plans to introduce two new midsize electric crossovers, one each for the Ford and Lincoln brands by 2023.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd8523e15bccc57790940d4218f7b94e\" tg-width=\"1920\" tg-height=\"1080\"><span>Mustang Mach-E. Source: Ford</span></p>\n<p>Ford's market cap is approximately $51 billion, twice its previous market cap, and also increasing.</p>\n<p><b>Consumer Retail EV Companies</b></p>\n<p>The consumer retail market has some unique characteristics for new EV companies. Sales are made individually, not in fleets. This diversifies the risk upon launch because only a sufficient number of customers need to be attracted to the new EV. A wave of popularity can provide terrific momentum.</p>\n<p>However, the lack of a dealer network can be an impediment. Selling EVs directly to consumers instead of through dealers is prohibited in most states. By law, auto manufacturers can't compete with franchised dealers. These are laws that go back many decades to protect dealers. This can be a major impediment for new companies without established independent dealer franchises. So, new AV companies. like Tesla, need to sell their vehicles online. Tesla has successfully done this, but it took a lot of work and time. Lack of a dealer network also creates impediments in service.</p>\n<p>In addition, over the next 4-5 years, autonomous capabilities will be increasingly important to luxury vehicles. This may prove to be a challenge to start-up EV companies because they can't afford to develop this technology.</p>\n<p>Let's look closer at the alternative consumer retail EV investments.</p>\n<p><b>Lucid Motors (CCIV)</b></p>\n<p>Lucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded itself as Lucid Motors in October 2016 and shifted its strategy to develop an all-electric, high-performance, luxury vehicle. Shortly after that, it encountered financial difficulties and struggled to get short-term funding. In 2018 it raised more than $1 billion in investment, primarily from Saudi Arabia's Sovereign Fund, and gave up a majority of the company.</p>\n<p>Lucid Motors reached an agreement to become a publicly-traded company through a merger with the SPAC Churchill Capital IV Corp., in one of the largest deals SPAC EV deals. The combined company, in which Saudi Arabia's Sovereign Fund will continue to be the largest shareholder, had a transaction equity value of $11.75 billion (for $10/share). At the same time, it closed a PIPE investment priced at $15 a share, giving it an implied pro forma equity value of $24 billion. Rumors about this deal circulated before the transaction was formally announced, making it one of the most anticipated SPAC deals. The hype and speculation drove up the stock price of Churchill Capital IV Corp. from its opening price of $10 a share to almost $60. I believe that some of this may have been driven by novice SPAC investors who didn't realize that the valuation of CCIV didn't include the eventual valuation of Lucid. The share price dropped more than 30% after the details of the deal were announced. It's also likely that Lucid renegotiated the terms of the merger based on the price jump.</p>\n<p>The company's first product is the Lucid Air, a well-equipped luxury electric vehicle that features 406 miles of projected range and 480 horsepower with a starting price of $77,400, or $69,900 after the U.S. Federal Tax Credit of $7,500. This new Lucid Air model is positioned as a high-performance, ultra-efficient luxury EV sedan in a line of future vehicles that are expected to include Lucid Air Touring, Grand Touring, and Dream Edition versions.</p>\n<p>The company plans to begin production and deliveries of the Lucid Air in North America in the second half of 2021. Previously the company aimed to begin deliveries earlier in 2021. It intends to sell the car in Europe in 2022, followed by China in 2023. Lucid vehicles will be produced at its new factory in Casa Grande, Arizona. The company plans to expand the factory in phases in the coming years to have the capacity to produce 365,000 units per year at scale. The initial phase of the $700 million factory construction was completed late last year and will have the capacity to produce 30,000 vehicles a year.</p>\n<p>Lucid also apparently has a commitment to build an assembly plant in Saudi Arabia, which was rumored to be a condition of the $1 billion investment from the Saudi public fund. The Saudi Sovereign Wealth Fund also provided $600 million in bridge financing and invested in the SPAC deal as well. So, while this assembly plant may be expensive and may not be critical, it will most likely need to happen.</p>\n<p>Lucid has ambitious plans to achieve $14 billion in revenue in 2025, and its current stock price at $29.17, which gives it a market cap of more than $46 billion, may already reflect those ambitions. Its market cap is roughly the same as Ford.</p>\n<p><b>Fisker (FSR)</b></p>\n<p>Fisker, which had its origins with Fisker Automotive, is an interesting story that ended in bankruptcy. Henrik Fisker originally co-founded Fisker Automotive in 2007. He was responsible for designing many premium cars such as the Aston Martin. Subsequently, Fisker Automotive had to deal with a Tesla lawsuit against Fisker Automotive alleging it stole Tesla's technology, a controversial $528.7 million conditional loan from the Department of Energy, a recall of its battery produced by A123, and the loss of several hundred vehicles in hurricane Sandy. Henrik Fisker resigned in March 2013 because of disagreements over business strategy and in November 2013, Fisker filed its Chapter 11 bankruptcy case.</p>\n<p>However, Henrik Fisker retained the Fisker brand and trademarks, and in 2016 he started another electric vehicle company named Fisker Inc. with the Fisker brand and trademarks. In 2019, Fisker shifted from developing a sports car with a solid-state battery to the Ocean SUV featuring a lithium-ion battery, which it later abandoned for a solid-state battery.</p>\n<p>Fisker is positioning itself in a unique segment for those who want the most environmentally friendly EV. While this may be an early growth segment for EVs, it's difficult to estimate its eventual competitive advantage and the size of this environmentally-friendly market segment.</p>\n<p>The Ocean is a crossover made of recycled metal and plastic with an expected base price of $37,499, and an expected lease of less than $400 a month. Fisker's plan is essentially a lease-only business model that lets customers keep a vehicle for years or return it at any time. It aims to source motors, batteries, and other components from technical partnerships with automakers and will outsource production from existing auto plants. Fisker is currently taking reservations at $250 for the Ocean. It also announced an agreement with Foxconn to jointly develop a vehicle pioneering a new market segment to be sold globally under the Fisker brand commencing in Q4 2023. at the end of 2022. Production will start at Magna Steyr's manufacturing facilities in Europe. At the end of February 2021, it had 12,467 cancellable reservations.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/924a617c90fc3276d7bdab8c64ebfdcf\" tg-width=\"744\" tg-height=\"389\"><span>Fisker Ocean. Source: Fisker</span></p>\n<p>Fisker went public using a SPAC (Spartan Energy). The original combination with SPAQ in October 2020 was valued at $2.9 billion with a cash investment of approximately $1 billion. The stock currently trades at approximately $21 per share, after reaching a high of $28.50, from the original price of $10, which is a market cap of $4.6 billion. Fisker projects $3.3 billion in revenue in 2023. It had almost $1 billion in cash at the end of 2020 and expected to use almost half of this in 2021: $250 million on operating expenses and $250 million in capital investments. If the Ocean is delayed into 2023, Fisker risks missing its revenue objective and will potentially need additional cash to complete development and launch.</p>\n<p><b>Faraday Future (PSAC)</b></p>\n<p>Faraday Future was originally established in May 2014 by Chinese businessman Jia Yueting. It is headquartered in Los Angeles and has offices in Silicon Valley, Beijing, Shanghai, and Chengdu. Faraday Future also had a turbulent history. In 2016, it struggled financially, and in 2017 some key executives departed over a dispute about financial issues. They later founded Canoo.</p>\n<p>In December 2018 the company announced layoffs due to a cash crunch and financial troubles. The company's founder Jia Yueting filed for personal bankruptcy in the United States' federal court in Delaware on October 14, 2019. Following Jia's personal bankruptcy, he decided to step down from his role as CEO of Faraday Future in order to assume a new position as the Chief Product and User Officer. He was replaced as CEO by Carsten Breitfeld, the former CEO at rival electric vehicle startup Byton.</p>\n<p>Somehow, Faraday was able to raise $2.3 billion in private funding over 5 rounds from a variety of investors. In early 2018, it received $1.5 billion in funding from an undisclosed investor from Hong Kong.</p>\n<p>Faraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e38bfb3211c72bb73bc26f2ebe296fe\" tg-width=\"1280\" tg-height=\"854\"><span>FF 91. Source: Faraday Future</span></p>\n<p>Its strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.</p>\n<p>Faraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.</p>\n<p>The Primary Manufacturing Facility for FF 91 is in Hanford, CA with contract manufacturing for future models in Gunsan, South Korea.</p>\n<p>Faraday Future is planning high-Level automation with a Level-3 capable system using a redundant safety architecture based on NVIDIA Xavier System-on-a-chip. It will be capable of highway auto-drive and hardware ready for advanced auto-drive. It is targeting full autonomous valet parking &amp; summon in any parking lot or structure. Eventually, it expects full auto-drive, including full 360˚ sensor coverage for advanced auto-drive &amp; auto-park features.</p>\n<p>In January 2021, Faraday Future announced that the company would go public through a reverse merger with the special purpose acquisition company Property Solutions Acquisition Corp. (PSAC). The combined company will be valued at $3.4 billion. Faraday Future is expected to set up contract manufacturing operations in China through their partnership with Geely. Taiwanese manufacturer Foxconn is also expected to serve as an additional strategic partner.</p>\n<p>Faraday Future projects $10.5 billion in revenue in 2024 and $21.5 billion in 2025. Revenue is expected to start in 2022 with the delivery of 2,400 vehicles for $504 million. Most likely these projections could prove to be optimistic. At a current stock price of approximately $12.80, it has a market cap of about $4.3 billion.</p>\n<p><b>Lordstown Motors (RIDE)</b></p>\n<p>Lordstown Motors based in Lordstown, Ohio, was originally founded in 2018 by Steve Burns, the former CEO of Workhorse Group. The company licensed technology from Workhorse in return for royalties and a 10% ownership. Lordstown is named after the famous GM Lordstown manufacturing plant, which it acquired in November 2019 in an unusual transaction. GM announced that it was closing the plant and was under a great deal of pressure for that decision. So, GM \"sold\" the plant to a company that was renamed Lordstown for an estimated $20 million that it loaned to the acquiring company. Subsequently, the sale was redefined to be part of a $75 million investment by GM, of which $50 million was an in-kind exchange for the plant.</p>\n<p>Lordstown went public through the SPAC DiamondPeak Holdings Corp. in 2020. It currently has more than 400 employees.</p>\n<p>Its first product is the Lordstown Endurance, a full-sized EV pickup truck. Lordstown is positioning Endurance for the pickup fleet market segment. The expected price is $52,000+, and it claimed to have more than 100,000 pre-orders by January 2021. However, a recent research article published by a short seller claimed \"Our research has revealed that Lordstown's order book consists of fake or entirely non-binding orders, from customers that generally do not even have fleets of vehicles.\" Lordstown is disputing that article.</p>\n<p>It believes the fleet pickup market segment is underserved with no current EV-focused competition. It estimates that the full-sized pick-up truck fleet market is 1.2 million vehicles per year in the U.S., but it's more fragmented than other truck fleets. Pickup \"fleets\" tend to be much smaller and local, so there may not be much of a market distinction for a small company buying several EV pickups from a traditional auto dealer. About half of the total U.S. pickup market is classified as fleet sales, meaning more than one.</p>\n<p>Even though Lordstown is targeting the commercial fleet market, it is a similar product to the Ford EV F-150. So I classify it in the consumer EV category. It is a class 2 vehicle. Lordstown also may enter the SUV market in the longer-term.</p>\n<p>The Endurance will compete against future models from Rivian and Tesla, as well as Ford and GM in ICE pick-ups and their upcoming EV pick-ups. Ford plans on selling its EV F-150 in mid-2022. Initial production of the Endurance is expected in the second half of 2021, so it may have a short market advantage. Nevertheless, it forecasts selling 65,000 vehicles in 2023 and 107,000 in 2024. These estimates could be a large percentage of the EV pick-up market in those years.</p>\n<p>At the SPAC merger, the implied valuation for Lordstown was $1.6 billion, including a $500 million PIPE and the $75 million by GM. Lordstown's financial projections appear to be aggressive. It projects to start shipping the Endurance in late 2021 with projected revenue in 2022 of $1.7 billion, increasing to $5.8 billion in 2024. Its stock price at approximately $13.60 values the company at a market cap of approximately $2.2 billion. The value of the company depends on the likelihood of achieving its projections.</p>\n<p>A fleet sales strategy makes sense for Lordstown since it would be too expensive to build a retail sales and service capability. However, it's not clear that this will become a distinct competitive advantage. Some small fleets may still prefer to buy their EV pickups from established local dealers with service capabilities.</p>\n<p><b>Canoo (GOEV)</b></p>\n<p>Canoo started as Evelozcity in 2017 and rebranded as Canoo in the spring of 2019. Canoo is a Los Angeles-based company that develops electric vehicles. It has over 350 employees. Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space, which is adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, simply named the Canoo that will be available by subscription, followed shortly after by a multi-purpose delivery vehicle and a sports vehicle, each built off of the same underlying platform. Canoo went public using a SPAC (Hennessy Capital Acquisition) and now trades as GOEV.</p>\n<p>Canoo's all-electric skateboard-like platform is designed to support both consumer retail and commercial vehicle configurations. The EV leverages Canoo's flat skateboard architecture for a high level of usable interior space. Its commercial vehicle program, expected in 2023, addresses a projected $50B+ last-mile delivery market with an EV platform that maximizes cargo volume.</p>\n<p>Hyundai Motor Group said it would jointly develop an electric vehicle platform with the company.</p>\n<p>Canoo's platform strategy is interesting. It could be used as an EV platform for custom fleets of delivery vehicles. It has no AV development, but it claims to be \"AV Ready\" which could be useful for AV companies wanting to build custom AV delivery fleets.</p>\n<p>Its all-electric multi-purpose delivery vehicle is expected to be priced starting at approximately $33,000. It is based on Canoo's proprietary electric platform and will be offered in two initial size variants, with others to follow. Limited availability will begin in 2022, with scaled production and launch planned for 2023. Customers can pre-order the multi-purpose delivery vehicle for a refundable deposit of $100 per vehicle</p>\n<p>It plans to offer two multi-purpose delivery vehicles: the MPDV1 and the larger MPDV2. The first has a 200-foot cargo volume and a range of 130-200 miles. It offers more capacity than today's ICE delivery vehicles at an affordable price with urban mobility enabled by a space-efficient footprint. The vehicle is also designed to fit within many height-restricted areas like parking garages.</p>\n<p>The MPDV2 has a cargo volume of 450 feet and a range of 90-190 miles. Its roof and step-in height enable individuals to easily walk-in the vehicle and accommodate a standing position while inside.</p>\n<p>The original SPAC transaction provided approximately $600 million, with a pro forma equity value of approximately $2.4 billion. Like other SPAC mergers, its stock price has fluctuated. It currently trades at about $15.90 per share for a market cap of approximately $3.7 billion. Canoo projects $2.0 billion in revenue in 2025 from about $500 million in engineering services, $1.2 billion from its consumer vehicle subscriptions, and the remainder from its commercial program. Canoo expects revenue of more than $300 million in 2022 after the launch of its lifestyle consumer vehicle.</p>\n<p>Since its first products are aimed at consumers, as is most of its forecasted 2025 revenue, I categorize it primarily as a consumer EV company. However, I think the design of that Canoo vehicle may not attract enough customers. More importantly, its subscription service way of selling its EV to consumers is risky. I think it has more potential in the commercial market, however, a dual strategy (consumer and commercial) is challenging. I like its skateboard platform design and that could prove to be a competitive advantage.</p>\n<p><b>Rivian</b></p>\n<p>Although not yet public, I include Rivian because it has plans for an IPO as soon as Sept 2021, although it could slip into 2022. There are rumors that the company is targeting a market valuation of approximately $50B. Rivian has already raised more than $8 billion to date from Amazon, Ford, T. Rowe Price, and others.</p>\n<p>Rivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications, including the company's adventure products, as well as B2B products such as the Amazon last-mile delivery vans. The company's initial products, the R1T and R1S, provide a combination of performance, off-road capability, and utility. These vehicles will be produced at Rivian's manufacturing plant in Normal, Ill., with customer deliveries expected to begin in summer 2021. The launch of the R1S three-row electric SUV will follow in August.</p>\n<p>Additional lower-priced models are being planned. The expected R2 series would include at least two smaller electric vehicles to coincide with the smaller platform, then another platform for R3.</p>\n<p><b>Commercial Delivery EV Companies</b></p>\n<p>EV truck companies differ based on the type of truck they are developing. The technology and markets are very different, so I separate them into two categories. The first category includes commercial delivery vehicles.</p>\n<p>Companies making EV delivery vehicles have some major advantages that could make them good investments. First, delivery vehicles typically travel less than 250 miles during a day, so they can be conveniently recharged overnight. Secondly, they are typically sold in large quantities to fleets. This means that building a retail sales infrastructure is not necessary. It only requires a small salesforce. In addition, maintenance can also be provided at the fleet's operational center, so not as many service centers are required.</p>\n<p>The disadvantage in this market is that there are a relatively small number of customers that buy in large volumes, so if the EV manufacturer can't get enough large customers, they may not be able to stay in business. GM estimates the combined market opportunity for parcel and food delivery, as well as reverse logistics, in the U.S. will be more than $850 billion by 2025.</p>\n<p>The commercial market is expected to be a major growth area for EVs. Other start-up automakers like Rivian as well as legacy automakers such as Ford, Daimler, and GM have announced plans to enter the segment. GM recently announced its BrightDrop ecosystem for commercial customers that includes an all-new electric delivery van, the EV600 available by the end of 2021, as well as an integrated autonomous pallet and related services.</p>\n<p>This group of EV companies focuses primarily on commercial delivery. In general, these are in the light-duty trucks category, although it also includes some medium-duty trucks. This generally includes the following commercial truck classes:</p>\n<ul>\n <li>Class 1: This class of trucks has a GVWR of 0-6,000 pounds or 0-2,722 kilograms.</li>\n <li>Class 2: This class of trucks has a GVWR of 6,001-10,000 pounds or 2,722-4,536 kilograms.1</li>\n <li>Class 3: This class of trucks has a GVWR of 10,001-14,000 pounds or 4,536-6,350 kilograms.</li>\n</ul>\n<p>It can also include somewhat larger medium-duty EV delivery trucks:</p>\n<ul>\n <li>Class 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.</li>\n <li>Class 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.</li>\n</ul>\n<p>EV delivery trucks also have an advantage over ICE vehicles because they can have a greater delivery storage space. Smaller buses and transit vehicles are also included in this category.</p>\n<p>Last-mile package delivery is not an immediate-term autonomous vehicle opportunity because it requires a delivery person to be on the truck anyway.</p>\n<p><b>Workhorse Group (WKHS)</b></p>\n<p>Workhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.</p>\n<p>The Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.</p>\n<p>The C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.</p>\n<p>Workhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.</p>\n<p>Workhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America (\"HCA\") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.</p>\n<p>Workhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.</p>\n<p><b>Electric Last Mile (FIII)</b></p>\n<p>Electric Last Mile, based in Troy Michigan, was founded by Jason Luo, former CEO of Ford China before it was acquired by China's Ningbo Joyson Electronic for $920 million in 2016, including James Taylor, former CEO of GM's Hummer brand and former CEO of electric car maker Karma Automotive. Taylor serves as the company's top executive with Luo as the company's chairman.</p>\n<p>The company plans to launch a small electric delivery van (class 1-2), called the UD-1, in the third quarter of 2021, and then introduce an Urban Utility vehicle (Class 2-3) in 2022. These are expected to compete with Workhorse, Rivian, Canoo, as well as the Ford eTransit and the GMC BV1, none of which is expected to be a Class 1 vehicle.</p>\n<p>The company says it has 30,000 preorders for its van, representing more than $1 billion in sales. Electric Last Miles vehicles will be based on Sokon's commercial van made in China through a joint venture with Dongfeng Automobile Co Ltd. in order to accelerate development time.</p>\n<p>Electric Last Mile (ELM) is expected to manufacture the vans in a former General Motors Co. Hummer plant in Mishawaka, Ind., that the company is acquiring from China's Chongqing Sokon Industry Group Stock Co. Ltd. The plant has the capacity to produce 100,000 vehicles annually with plans to build approximately 4,000 UD-1 vans by the end of 2021. The UD-1 has a starting price of $32,500 and a range of 150 miles. The battery for the vehicle is expected to be supplied by the Chinese battery company CATL.</p>\n<p>ELM believes that it has a competitive advantage because its first vehicle, the ELM Urban Delivery, is scheduled to be available in 2021. It is based on a proven, existing platform developed and sold by Sokon Group in the Asian market, where there are 30,000 of these electric delivery vehicles driving 1.5 million miles every day. At the close of the business combination, ELM will be an independent, U.S. company producing electric vehicles in the U.S. with Sokon Group providing access to its know-how, parts supply, and field and service data.</p>\n<p>ELM expects that the Urban Delivery vehicle will be the first electric delivery vehicle coming to market in the class 1 category (GVW of 6,000 lbs or less) in the U.S. It will also have 35% more carrying volume compared to similar ICE delivery vehicles, a critical part of the value proposition. It also anticipates that its price and greater carrying volume will allow it to take market share from the class 2 category of vehicles as well.</p>\n<p>Its crossover product portfolio strategy targets commercial delivery vehicles spanning from class 1 to class 3, which represents over 80% of the last mile market.</p>\n<p>ELM anticipates $122 million in revenue in 2021, rapidly increasing to $3 billion in 2025. The price of FIII stock increased immediately following its announcement with Electric Last Mile, rising more than 40% to $14.50, but now it has dropped closer to the original deal price to $10.25 for a market cap of approximately $1.5 billion.</p>\n<p><b>GreenPower Motor Company (GP)</b></p>\n<p>GreenPower Motor Company Inc. is a Canadian battery-electric bus manufacturer with multiple models of high- and low-floor vehicles, including transit buses, school buses, and shuttles. GreenPower offers commercial vehicles for delivery, public transit, schools, vanpooling, micro-transit, shuttles, and is developing a capability of autonomous operation. It went public on August 28, 2020.</p>\n<p>In 2014 GreenPower launched its first purpose-built, battery-electric bus, the EV350, 40-foot transit bus. GreenPower received its first order in 2017 for ten EV350s from the City of Porterville, California.</p>\n<p>GreenPower's electric buses are purpose-built and designed to be all-electric, allowing it to put the battery and propulsion system in optimized locations that provide weight and structural advantages. Its primary EV is the EV Star with more than 120 vehicles delivered. It comes in several variations:</p>\n<ul>\n <li>EV Star - Up to 19 passengers</li>\n <li>EV Star Plus - Up to 24 passengers</li>\n <li>EV Star ADA - Passenger and curbside lift for ADA</li>\n <li>EV Star Cargo - 5,000 pounds of load</li>\n <li>EV Star Cargo Plus - 570 cubic feet of cargo space.</li>\n</ul>\n<p>Its EV school bus seats up to 90 students and has a range of up to 150 miles.</p>\n<p>GreenPower had revenue of $13.5 million in 2020 It has about $21 million in cash. It's an interesting alternative since it is already shipping EVs, has revenue, and also has a lower market cap of less than $1 billion. Since it did a traditional IPO, it hasn't published longer-term financial forecasts.</p>\n<p><b>Arrival (CIIC)</b></p>\n<p>Arrival was founded in 2015 in London to make a variety of commercial electric vehicles. It has approximately 1,200 employees across 11 cities in 8 countries. In November 2020, Arrival and the SPAC CIIG entered into a business combination agreement with an implied valuation of $5.39 billion.</p>\n<p>Arrival plans on releasing four commercial EVs over the next few years.</p>\n<ul>\n <li>Q4/2021: An electric bus for 8-125 passengers and a range of 240-400km</li>\n <li>Q3/2022: An electric delivery van with a payload of 975-2,000kg and a range of 150-340km</li>\n <li>2022: A larger electric van with a payload of 4,000 kg and a range of 190-400km</li>\n <li>2023: a small vehicle platform with a range of 100-300km.</li>\n</ul>\n<p>This mix provides a nice diversified portfolio of EVs. Arrival claims to have received orders from UPS for 10,000 vans. It plans a unique flexible manufacturing approach using micro-factories with each projected to manufacture 10,000 vans per year. All of its vehicles use a modular skateboard electric platform.</p>\n<p>Arrival ambitiously projects $14.1 billion in revenue in 2024. Half of that revenue is expected from delivery vans, 22% from buses, and the rest from the large van and its small vehicle platform. With CIIC's stock price at $24.80 per share, Arrival's current market cap is relatively high at approximately $15.0 billion. Justifying its market cap depends on its ability to release, sell, and produce its four commercial EVs.</p>\n<p><b>Proterra (ACTC)</b></p>\n<p>Proterra is a commercial electric vehicle company with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that claims to deliver higher performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers.</p>\n<p>Proterra, Inc., was originally founded in Golden, Colorado, by Dale Hill in 2004. Later the company wanted to take the lead in creating zero-emission, U.S.-based transit buses. In 2010 it moved its manufacturing plant from Golden, Colorado to Greenville, South Carolina. In 2015, Proterra was awarded a $3 million grant from the California Energy Commission to fund the design, development, and construction of the company's battery-electric transit bus manufacturing line in the City of Industry, California. It moved its headquarters from Greenville, South Carolina, to Burlingame, California, in October 2015. Proterra raised more than $600 million in funding.</p>\n<p>It is going public through the SPAC ArcLight (ACTC) with a pro forma valuation of $1.6 billion. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&amp;D and the expansion of its next-generation battery program.</p>\n<p>Proterra has three complementary businesses:</p>\n<ul>\n <li><b>Proterra Powered</b>: Delivering battery systems and electrification solutions to commercial vehicle manufacturers</li>\n <li><b>Proterra Transit:</b>Providing an electric transit bus OEMs</li>\n <li><b>Proterra Energy:</b>Offering turnkey charging and energy management solutions.</li>\n</ul>\n<p>The company's battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with commercial vehicle OEMs. Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems.</p>\n<p>Proterra expected $193 million of revenue in 2020, with an estimated $750 million in existing orders and backlog. It projects $2.5 billion in revenue in 2025, with about 1/3 coming from its Transit business, and 2/3 From Powered &amp; Energy. At ACTC's current stock price of $17.85, Proterra has a market cap of about $4.3 billion.</p>\n<p><b>Rivian</b></p>\n<p>Rivian (see earlier description in consumer retail) will also compete in the commercial delivery market. It has been working with Amazon (a major investor) to build large electric delivery vans for Prime. Developed specifically for Amazon, a small fleet of Prime vans is on the road now, testing deliveries to customers and gathering feedback. In late fall, it could grow to a large fleet as Rivian ramps up the volume.</p>\n<p>The EV range of 150 miles is tailored to Amazon's use cycle to optimize the size, weight, and cost of the commercial vehicle. Rivian has three sizes of batteries, but Amazon is starting with just one of them.</p>\n<p><b>Canoo (GOEV)</b></p>\n<p>See the previous summary under consumer retail EV.</p>\n<p>Medium and Long-Haul Trucking EV Companies</p>\n<p>Companies developing medium- and long-haul EV trucks face a more difficult challenge with battery range. These trucks haul much more weight than commercial delivery vehicles and because they are designed for long distances, they can't stop every 200-300 miles for recharging.</p>\n<p>For this reason, many of these companies are using unique hybrid technologies for their trucks. The EV trucks in this category are primarily heavy-duty but also include some medium-duty trucks and specialty vehicles. A couple of the companies focus on retrofitting trucks to be electric.</p>\n<p><b>Medium-Duty Trucks</b></p>\n<p>The medium-duty trucks category includes commercial truck classes 4, 5, and 6:</p>\n<ul>\n <li>Class 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.</li>\n <li>Class 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.</li>\n <li>Class 6: This class of trucks has a GVWR of 19,501-26,000 pounds or 8,846-11,793 kilograms.1</li>\n</ul>\n<p><b>Heavy-Duty Trucks</b></p>\n<p>The heavy-duty trucks category includes commercial truck classes 7 and 8:</p>\n<ul>\n <li>Class 7: This class of trucks has a GVWR of 26,001 to 33,000 pounds or 11,794-14,969 kilograms.</li>\n <li>Class 8: This class of trucks has a GVWR of greater than 33,001 pounds or 14,969 kilograms and includes all tractor-trailers.</li>\n</ul>\n<p>The Tesla Semi is a battery vehicle planned for a range of 300 or 500 miles and a speed of 60 MPH with 80,000 lbs of cargo. Tesla plans to start shipping the Semi later this year when it expects to have sufficient cell volume to meet its needs with the production of its 4680 battery pack.</p>\n<p><b>Nikola</b><b>(NASDAQ:NKLA)</b></p>\n<p>Nikola has been a very controversial company. Founded in 2015, it originally had two different strategies. Its primary strategy is to lease fuel-cell electric vehicle (FCEV) Class-8 heavy trucks and provide the refueling infrastructure to corporate customers. Its second strategy was to develop the Badger EV truck using GM technology.</p>\n<p>Nikola originally merged with a SPAC to go public, at an enterprise value of approximately $3.3 billion. On June 6th, 2020, its market cap jumped to more than $30 billion, then later it dropped because of problems with its originally planned deal with GM.</p>\n<p>Nikola originally expected a deal with General Motors that included the production of the Nikola Badger EV pickup truck. The proposed arrangement was that GM would take a $2 billion equity stake in Nikola and in return would engineer and produce the Badger. In November 2020, GM and Nikola scrapped the original arrangement. Now it appears that GM will supply Nikola with only its Hydrotec hydrogen fuel-cell technology to integrate into the EV manufacturer's commercial class 7 and class 8 zero-emission semi-trucks. So, the Badger is probably dead.</p>\n<p>Nikola now sees semi-trucks as the company's \"core business\" and fuel cells as an increasingly important segment of the semi-truck market thanks to their efficiency in weight and consumption. It expects to begin testing by the end of 2021.</p>\n<p>It has received pre-orders from Anheuser-Busch and a few other companies, but it doesn't expect deliveries until 2023. Hydrogen fueling stations are key to its strategy, both providing a source of revenue and necessary fueling infrastructure for the trucks to operate, but they also cost a lot. In its March 2020 investor deck, Nikola said a single station capable of fueling 210 trucks a day would cost $16.6 million. Its initial planned network of 700 stations would cost roughly $11.6 billion.</p>\n<p>Nikola was also accused of misrepresentation, and its executive chairman and founder stepped down.</p>\n<p>At the time of the SPAC merger, it projected an optimistic forecast of more than $3 billion in revenue by 2024, with a net income of $145 million. Most of that revenue was expected to come from its Badger truck, which is no longer in the plans. Yet its market cap is still almost $6 billion.</p>\n<p><b>Hyliion (HYLN)</b></p>\n<p>Hyliion, founded in 2015 in Austin, went public in October 2020 through the SPAC Tortoise Acquisition Corp. (SHLL). In March 2019, automotive parts manufacturer Dana Inc. made an equity investment into Hyliion, and together they are manufacturing and marketing Class 8 EVs to Dana's customers, including Volvo, Navistar, and Peterbilt.</p>\n<p>Hyliion's strategy is unique, and a very different strategy from Nikola. Essentially it generates electricity onboard the truck using compressed natural gas (CNG). This should be a benefit for longer-range trucking. Hyliion's Hypertruck concept involves an all-electric drivetrain utilizing Dana's electric motor, inverter, and axle technologies. The truck's batteries are fueled by onboard tanks of CNG. With some 700 CNG stations already operating nationwide, it believes that there no need to build out expensive superchargers or hydrogen infrastructure.</p>\n<p>Kuwait-based logistics company, Agility, has already placed an order for 1,000 Hypertrucks with initial deliveries targeted in 2022. Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range.</p>\n<p>Hyliion will eventually compete with Nikola (FCEV) and the Tesla battery-based Semi, but it plans to have a longer range and lower operating costs. Its HyperTruck ERX is expected to be available in 2021. It also has a hybrid-electric truck.</p>\n<p>The combination with SHLL had an estimated market cap of about $1.5 billion, with approximately $530 million going to the company, including a $325 million fully committed PIPE. At approximately $13.50 per share, its current market cap is approximately $2.2 billion, significantly down from its peak. Hyliion projects $2 billion in revenue in 2024, which it claims is only about 2% of the addressable market.</p>\n<p><b>XL Fleet (XL)</b></p>\n<p>XL Fleet is a 10-year old company that went public through the SPAC Pivotal. XL is different because it provides fleet electrification modifications for ICE trucks across a wide range of vehicle classes (class 2-5) and types. It has over 200 of the largest commercial and municipal fleets as customers, with more than 3,200 XL systems deployed and over 130 million miles driven by customers to date. XL's customer base includes FedEx, Coca-Cola, PepsiCo, Verizon, the City of Boston, Seattle Fire Department, Yale University, and Harvard University.</p>\n<p>XL's business model is essentially retrofitting existing trucks to be hybrids and then later expanding into fully electric truck conversions. It claims to be creating a fully integrated platform for this. It remains to be seen if the retrofitting business will continue to grow or will it diminish when more trucks are designed and manufactured with EV capabilities.</p>\n<p>Unlike some other EV companies that have no revenue yet because they are still developing products, XL is more of a small company doing low-volume retrofits. It had $7.2 million in revenue in 2019, $21 million in 2020, and estimates $76 million in 2021, but it forecasts $1.3 billion in revenue in 2024 in its investor presentation. It plans to do this by expanding its product line from hybrid to plug-in hybrid to fully electric across a broader range of trucks. It claims to have a $220 million sales pipeline for the next 12 months.</p>\n<p>Short-seller, Muddy Waters, claimed after talking to former XL Fleet employees, that it believed the company significantly exaggerated its order backlog, that the return on investment for the company's products was likely negative, and that it would not be able to compete with big car makers on electrification. The company thoroughly refuted these claims.</p>\n<p>The original enterprise valuation was approximately $1.4 billion at a $10 share price for the merger. Its price jumped by about 35% but has since gone back down to $12.40 for a market cap of about $1.8 billion. Although XL Fleet has revenue and other EV companies don't, this may not be an advantage. It appears to be a small company for many years that has gone public at a high valuation with grand plans. The risks are in its ability to make a jump from $76 million in 2021 to $1.3 billion in 2024, as well as the question about retrofitting being replaced by new EV trucks by then.</p>\n<p><b>Xos (NGAC)</b></p>\n<p>Xos Trucks specializes in the field of manufacturing fully electric commercial vehicles. It features a software platform that is designed to accommodate an extensive variety of medium-duty bodies, wheelbase, and range requirements up to 200 miles. It was founded in 2016 and headquartered in North Hollywood, California. It received $20 million of investment in 2020 and now is going public through a merger with the SPAC ExtGen Acquisition Corporation (NGAC) at an estimated proforma value of $1.965 billion.</p>\n<p>Its focus is on medium- and heavy-duty last mile and return-to-base segments (class 5/6, class 6/7, and class 7/8) commercial fleets and specialty vehicles. Some vehicles are currently in production and in regular on-road operations with key fleet customers, and it claimed 6,000 unit orders in backlog.</p>\n<p>Its MD-platform is for classes 5-6 for pickup and delivery. Its HD X-Platform is an adaptable chassis for highway, vocational, and severe work conditions. Its market is for customers with highly predictable routes that allow for batteries designed for a more limited range. A significantly larger frame and smaller battery pack allow for reduced density.</p>\n<p>Xos has a bundled all-in-one offering that allows fleets to access all the tools and services they need to go electric with a single point of contact at a fixed monthly expense.</p>\n<p>Xos had $3 million in revenue in 2020 and estimates $14 million in 2021. However, it forecasts $5.2 billion in revenue in 2025. At the current stock price of $10.30, its market cap is approximately $2 billion, about the same as its original SPAC transaction.</p>\n<p><b>Lion Electric (NGA)</b></p>\n<p>Lion Electric is a Canadian company founded by Marc Bédard in 2008. Its focus is to be a leader in designing, developing, and manufacturing purpose-built urban electric vehicles; vehicles that are specifically designed as delivery trucks, refuse trucks, bucket trucks, moving trucks, school buses, and shuttle buses. It has over 300 all-electric vehicles on the road today.</p>\n<p>In November 2020, it announced that it was going public through the SPAC NGA. The transaction had an estimated pro forma enterprise value of $1.5 billion.</p>\n<p>It plans on seven new truck models and one new school bus, for a total of 15 all-electric vehicles, representing a full line-up from class 5 to class 8 electric trucks and a full line-up of electric school buses. Its vehicles are produced at its existing manufacturing plant, which has the capacity for the production of up to 2,500 vehicles per year. It intends to open a new plant in the U.S. capable of delivering over 20,000 Lion trucks and buses per year by 2022.</p>\n<p>Its all-electric class 6 and class 8 commercial urban trucks combine power, comfort, and modern technology. Custom-built chassis and cabin designed specifically for an all-electric heavy-duty vehicle. The LionC is an all-electric Type C school bus manufactured in North America. The body and chassis were specifically designed to deliver optimal performance. The LionM is an all-electric midi/minibus that meets paratransit and public transportation requirements. Created and designed specifically for the paratransit market, the is spacious and offers unique features that provide enhanced security and accessibility to the end-users.</p>\n<p>Lion Electric had $29 million in revenue in 2020 and expects $204 million in 2021. It forecasts revenue to jump to $3.6 billion a few years later in 2024. Its current market cap is approximately $3.6 billion based on its current stock price of $18.33.</p>\n<p><b>Lightning eMotors (GIK)</b></p>\n<p>Lightning eMotors, formerly Lightning Systems, was founded in 2008 and is headquartered in Loveland, Colorado. It provides fleet electrification for familiar commercial vehicle platforms by retrofitting them with its electric powertrains. Lightning eMotors produces electric fleet medium- and heavy-duty vehicles, including delivery trucks, shuttle buses, passenger vans, ambulances, bucket trucks, chassis-cab models, and city transit buses. It focuses on urban commercial zero-emission vehicles with a full range of class 3 through class 7 battery-electric and fuel-cell electric vehicles.</p>\n<p>Lighting eMotors helps commercial fleets achieve their sustainability goals by offering zero-emission battery-electric vans, trucks, and buses based on familiar, proven vehicles from manufacturers such as Ford and GM. It works with customers, to help them identify their unique commercial electric vehicle, charging, and grant support needs.</p>\n<p>The Lightning products include integrated all-electric powertrains for the Ford Transit 350HD passenger and cargo vans, Ford E-450 shuttle bus and cutaway models, Ford F-59 step/food van, Ford F-550 cargo trucks and buses, Chevrolet 6500XD Low Cab Forward model, and 30-foot, 35-foot, and 40-foot transit buses.</p>\n<p>Lightning has 120 vehicles on the road, and 1,500 vehicles already on order from customers. In addition to making vehicles and powertrains, Lightning also provides a full suite of charging solutions for customers.</p>\n<p>The deal with GIK has an enterprise value of $650 million, although there is also an Earnout of 20.0% of total pro forma shares outstanding to Lightning eMotors shareholders if the stock crosses certain price thresholds.</p>\n<p>At the current price, of $11.73, GIK has a market cap of approximately $1 billion, a little more than the original transaction valuation. Similar to XL Fleet, Lightning has the risk that retrofitting may only be an interim business opportunity until more EV trucks are produced.</p>\n<p><b>Public Chinese EV Companies</b></p>\n<p>China will be the biggest EV market opportunity, and EV start-ups may do better there because there isn't as much entrenched competition from domestic auto companies. China is already the largest EV market in the world, with almost a million EVs sold in 2019. Its EV market represents almost half of the global EV sales volume and is much larger than the U.S. market.</p>\n<p>The Chinese government has ambitions to become a global leader in new energy vehicles. Soon after the coronavirus outbreak subsided within the country, Chinese authorities announced new policies to support the auto and electric vehicle industries.</p>\n<p>These Chinese companies are traded through American depository shares (ADS) that contain certain risks. There are financial reporting and transparency risks with these companies, and on top of that, the newer companies are being classified as \"emerging growth\" companies that are already exempt from certain transparency requirements set out in the Sarbanes-Oxley Act of 2002. Like the previous EV stock, these stocks have also been very volatile.</p>\n<p>In addition to legacy auto manufacturers like BYD, there are also three Chinese EV companies that are publicly traded through American depositary shares.</p>\n<p><b>BYD Co., Ltd. (OTCPK:BYDDY)</b></p>\n<p>BYD, which means build your dreams, is the automotive subsidiary of the Chinese multinational BYD Co Ltd. It was founded in January 2003, following BYD Company's acquisition of Tsinchuan Automobile Company. The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries, and trucks. The current model range of automobiles includes electric vehicles, plug-in hybrids, and petrol-engined vehicles. Thirteen years ago, on the advice of his famously skeptical lieutenant, Charlie Munger, Warren Buffett made a $232 million investment in BYD, a relatively unknown Chinese car company.</p>\n<p>By parlaying BYD's rechargeable battery technology into a fast-growing carmaking operation, it gained a foothold in the fledgling electric vehicle market, building longer-lasting batteries and cheaper vehicles than American and Japanese manufacturers were managing to do at the time. In BYD, Buffett and Munger believed they had found a company with a shot at one day becoming the largest player in a global automobile market that was inevitably going electric.</p>\n<p>BYD's start to 2021 was strong with 19,871 plug-in electric cars sold in January in China, including hybrid plug-ins. That was a big increase over 2020 but not as much as 2019.</p>\n<p><b>LI Auto (LI)</b></p>\n<p>Lixiang, formerly known as Chehejia (\"Car and Home\"), was founded in 2015 and went public in the U.S. on July 30th, 2020. It is a Beijing-based electric-vehicle startup with vertically integrated manufacturing. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles.</p>\n<p>The company's SUVs are hybrids of a sort. They use electric motors (one on the front axle and one on the rear), but those motors are powered by a combination of a 40.5kWh battery pack<i>and</i>a 1.2-liter turbocharged engine paired to a 45-liter fuel tank and a 100kW electric generator, which generates power for the battery pack in real-time. The idea is that the car can be driven for about 100 miles on battery power alone, but it has a total range of nearly 500 miles when leveraging the combustion engine generator.</p>\n<p>The Company's primary product is an SUV under its brand Li ONE. It also sells peripheral products and provides related services, such as charging stalls, vehicle internet connection services, and extended lifetime warranties. Li Auto is looking to sell a variety of SUVs built on its hybrid technology that range from around $21,000 to about $70,000. The company started shipping its first model in late 2019. It's a midsize SUV is well-appointed and has lots of touchscreens and technology. A full-size premium version is planned for release in 2022.</p>\n<p>Deliveries of Li ONEs were 14,464 vehicles in the fourth quarter of 2020, representing a 67.0% quarter-over-quarter increase and setting a new quarterly record. Deliveries for the full year 2020 reached 32,624 vehicles. Revenue in the fourth quarter was $635 million.</p>\n<p>LI auto went public on July 30th, 2020, raising $1.1 billion at an initial price of $15.50 per share but quickly reached almost $24. It is currently valued at approximately $37 billion at a price of approximately $25.72 per share.</p>\n<p><b>XPeng (XPEV)</b></p>\n<p>Xiaopeng (XPeng) Motors is a Chinese electric vehicle and technology company that designs and manufactures smart cars. It was founded in 2015 and went public on August 27, 2020, using American depository shares, raising about $1 billion. To date, it has raised about $2.6 billion.</p>\n<p>XPeng aims its EVs at technology-savvy middle-class Chinese consumers, with prices ranging from $22,000 to $45,000 after government subsidies. In some ways, it is a Tesla knock-off at a much lower price. XPeng started production of the G3 in November 2018, and as of July 31, 2020, delivered 18,741. It started production of the P7 and began delivery in May 2020, and as of July 31, 2020, it had delivered 1,966 EVs. The P7 has a range of more than 400 miles. It plans to launch a third Smart EV, a sedan, in 2021. The G3 was among the top-three best-selling electric SUVs in China in 2019.</p>\n<p>XPeng is interesting because it has a platform strategy and is moving aggressively into autonomous driving. It uses a platform strategy to expand product offerings by launching one Smart EV model each year to broaden the addressable market. It builds new models on two highly flexible Smart EV platforms, called David and Edward, respectively. The David platform has been designed for vehicles with wheelbases ranging from 2,600 millimeters to 2,800 millimeters, and the Edward platform has been designed for vehicles with wheelbases ranging from 2,800 millimeters to 3,100 millimeters. It also adopted a platform approach for software systems.</p>\n<p>XPeng claims to be developing an autonomous driving capability for its EVs. The P7 is the first production vehicle to feature the NVIDIA DRIVE AGX Xavier system-on-a-chip (SoC) autonomous driving platform. The company's Smart Electric Platform Architecture (SEPA) runs on 2 chips - NVIDIA for the XPILOT and Qualcomm's Snapdragon™ 820A for intelligent services and infotainment, including cameras inside and outside, radars, HD-map, and ultrasonic sensors. Like Tesla, it claims it can create sufficiently-autonomous driving without lidar.</p>\n<p>To enhance brand recognition and allow more people to experience its Smart EVs, it deployed a small number of Smart EVs in a ride-hailing service in Guangzhou on a trial basis, but it has no current plan to scale up a ride-hailing service.</p>\n<p>Xpeng sees first-quarter 2021 deliveries rising 450% year-over-year to 12,500 vehicles. Revenues are expected to increase 533% from a year ago. The company didn't provide bottom-line estimates for the quarter, but will likely post another net loss as it ramps up manufacturing, invests in R&amp;D, and builds out a new manufacturing plant set to open in 2022.</p>\n<p>Xpeng reported selling 12,964 vehicles in Q4 2020, up 303% from a year ago. It delivered a total of 27,041 vehicles in 2020, up 112%. It makes the P7 sedan, a rival to the made-in-China Tesla Model 3, and the small G3 SUV.</p>\n<p>The stock opened on August 27, 2020 at a price of $15 and a valuation of $11 billion, but its stock jumped more than 40% shortly after. Its current valuation is about $35 billion at a stock price of approximately $36.13 per share. It had about $300 million in revenue in 2019 with a loss of about $500 million.</p>\n<p><b>Nio (NIO)</b></p>\n<p>Unlike previous companies, Nio has been a public company for some time. It originally went public in the U.S. back in September of 2018, selling IPO shares at $6.26 and raising $1 billion.</p>\n<p>Nio's IPO was far from smooth. After going public at $6.26 per share, it traded down to nearly $1. Then in the middle of the coronavirus outbreak, Nio received a much-needed investment of $1 billion from investors, including state-backed entities.</p>\n<p>Nio designs, jointly manufactures, and sells smart and connected premium electric vehicles, attempting to develop next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Joint manufacturing means that it uses a state-owned contract manufacturer to build its cars.</p>\n<p>Nio plans to provide customers with comprehensive, convenient, and innovative charging solutions and other user-centric services. It began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. Nio officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. It officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 with deliveries in 2020.</p>\n<p>Nio sold 17,353 EVs in Q4/2020 and 43,728 for the year. It warned a shortage in chips and batteries will force a production slowdown to 7,500 a month in Q2 from 10,000 vehicles a month in February.</p>\n<p>Nio currently trades at more than $43 per share, including a big jump recently, for a valuation of approximately $48 billion. It had revenue of $2.3 billion in 2019 for a loss of $3.8 billion.</p>\n<p><b>Summary</b></p>\n<p>It's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this should provide exciting new investment opportunities. However, the investment terrain is complex. There are dozens of new start-ups where the public can now invest that were previously exclusively venture capital investment opportunities. Many of these are following different roads to success. There are legacy auto manufacturers that could prosper or get destroyed in this transition. There are some exciting new EV company opportunities in China. And then there is Tesla.</p>\n<p>This EV roadmap is intended to help investors explore different roads to investment by explaining the basic strategies for these EV companies. These roads can have different opportunities and risks, and the roadmap helps to frame these. Above all, valuation is an overriding risk that is highlighted throughout this article.</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>New Electric Vehicle Investment Roadmap</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\">\nNew Electric Vehicle Investment Roadmap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 14:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.\nLast October, I wrote a popular article providing...</p>\n\n<a href=\"https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"002594":"比亚迪","HYLN":"Hyliion Holdings Corp.","XPEV":"小鹏汽车","TSLA":"特斯拉","NKLA":"Nikola Corporation","FSR":"菲斯克","NIO":"蔚来","GOEV":"Canoo Inc.","F":"福特汽车","LI":"理想汽车","WKHS":"Workhorse Group, Inc.","GP":"GreenPower Motor Company Inc.","01211":"比亚迪股份","GM":"通用汽车"},"source_url":"https://seekingalpha.com/article/4414977-new-electric-vehicle-investment-roadmap","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1196402560","content_text":"Summary\n\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this provides exciting investment opportunities.\nLast October, I wrote a popular article providing a roadmap for investing in electric vehicles, but since then, so much has changed: new entrants, new strategies, fluctuating valuations, etc.\nSo, I updated and greatly expanded the previous EV investment roadmap.\nThis update includes a deeper look at valuations for 23 EV companies with revenue projections, when available.\nIt also classifies these EV companies into their primary market categories and summarizes their different strategies.\n\nPhoto by Sven Loeffler/iStock via Getty Images\nMy article Electric Vehicle Investment Roadmap published five months ago, was popular, and some followers have requested an update. Many new EV companies entered the market, most of them through SPACs. Valuations fluctuated wildly, and there has been a great deal of publicity around these companies.\nThis new updated EV investment roadmap is greatly expanded. In addition to updating the strategies and progress of companies previously discussed, I expanded the number of companies covered. This article also groups EV companies into their primary markets, enabling better comparisons and evaluation of market opportunities. In addition, it includes a comparative valuation chart showing every company's market cap with a comparison to projected revenue, where possible. This takes advantage (good or bad) of looking at the long-term revenue forecasts provided in SPAC mergers that public companies can't make.\nIn addition to the EV manufacturers discussed here, there are also EV investment opportunities in charging station companies, battery manufacturers, and battery materials companies. These were covered in the original roadmap and may also be updated in a later article.\nApproximately 2 million EVs were sold in 2019, and although the number declined along with all auto sales in 2020, it is forecasted to increase in 2021 and reach 8-10 million by 2025. Some forecast that EV sales will be greater than internal combustion engine (ICE) vehicles by 2030, or even earlier. The automobile market appears to be moving toward a historical transformation, and exceptional investment gains can be made by anticipating new emerging industries and investing in the eventual winners of those new industries. Amazon(NASDAQ:AMZN), Google(NASDAQ:GOOG)(NASDAQ:GOOGL), and Facebook(NASDAQ:FB)are obvious examples. Electric vehicles (EVs) have the potential to create a new emerging industry.\nThere are also significant risks. Hundreds of new EV models are expected to be released in the next three years, which will drive rapid growth in EV sales. However, the expected sales from these new models, as well as the increasing expectations from Tesla, most likely exceed the total projected market. I wouldn't be surprised if many of the companies covered here won't exist five years from now. It reminds me of the internet bubble of the late 1990s when scores of internet-based companies went public with little or no revenue. Almost all of these failed within three years -- however, a couple, including Amazon, went on to enormous success.\nEVs provide a major new investment opportunity with high risks. To succeed, you need to have a clear EV investment roadmap.\nSo, how can you invest in this new emerging market? The EV landscape is complex and investment opportunities are varied. While Tesla is the unquestioned leader in EVs, some consider it overvalued and unlikely to show exceptional returns to new investors. The current U.S. legacy automakers are committed to introducing many new EVs in the next few years, and they have some entrenched advantages with volume manufacturing capabilities, a dealer infrastructure, and loyal customers. There are exciting new EV start-ups in the U.S. that have come public this year, mostly through Special Purpose Acquisition Companies (SPACs), and there are several interesting publicly traded Chinese EV manufacturers.\nThis new roadmap for EV investment classifies companies into three primary markets segments:\n\nTheConsumer Retailsegment includes EVs sold to consumers individually, such as SUVs, pickup trucks, sedans, etc.\nTheCommercial Deliverysegment includes local delivery EV vans and trucks sold to fleets.\nTheMedium- and Long-Haul Truckingsegment includes heavier Class 4 - Class 8 trucks, as well as special industrial vehicles.\n\nIn addition, it categorizesLegacy ManufacturersandChinese EV Companies. This enables investors to evaluate investment opportunities by considering unique opportunities within each market segment.\nThere is an enormous amount of investment optimism for EVs, and retail investors have been aggressively buying into EV stocks with seemingly no regard for valuation. Then there is the additional challenge of valuing companies with no revenue, especially those coming public through SPACs. So, valuation is an important investment consideration.\nSo let's start by looking at an overview of comparative EV valuations.\nEV Investment Valuation Overview\nThe following chart summarizes valuations for 23 EV companies, including several legacy companies. For SPACs, market cap estimates are computed using the pro forma number of shares at closing, otherwise using the valuation of the SPAC prior to closing drastically underestimates the valuation, which may be misleading to novice investors. Price/Sales ratios (market cap divided by revenue) are used to compare valuations. As a benchmark, current P/S ratios vary. For example, auto and truck companies have a ratio of 2.7X. Software companies have the highest ratios of over 10X.\nIn the chart, companies that currently have revenue show current P/S ratios. Where projections are available, projected P/S ratios are computed. A note of caution, however. Many of the EV companies came public through SPACs and published their projections (which public companies cannot do), and many of these are likely to prove unrealistic.\nAll of the longer-term revenue projections come from the company (C) forecasts with a SPAC. Some of these may turn out to be accurate, not many are most likely unrealistic. Some, like Lucid, Faraday, and Arrival forecast hitting more than $10 billion in revenue in a few years, when it took Tesla more than 10. Things are different now and they might achieve these, but they could also find that it will take longer to complete development, ramp up production, and create enough customer demand. Many companies may also find that there will be significant capital requirements to achieve this type of growth, and shareholders will be diluted.\n\nTesla, the \"gold standard\" in EVs, has a market cap of approximately $650 billion, which many people believe is overvalued. Its market cap is approximately 20X 2020 revenue and 10X estimated 2022 revenue.\nTesla (TSLA)\nIn the U.S., and to a lesser extent in China, Tesla is the dominant EV provider. It has approximately 60% of the U.S. EV market and about 20% of the market in China. I own a Tesla and love it, but an investment in Tesla stock requires getting comfortable with its valuation. Tesla has a market cap of approximately $650 billion, although declining lately, which some consider still overvalued while others see upside potential.\nThe investment opportunity with Tesla is based on the expectation that it will continue to dominate the EV market, or at least maintain significant market share, despite much greater competition from the expected introduction of hundreds of new EV models in the next few years.\nThere is a great deal already published about Tesla, so I'll move on.\nLegacy Automakers\nSome people think that the legacy automakers will simply fade away. Historically, that was the case in some other industries, but it is not going to happen to most automakers. They are not standing still waiting to become obsolete. Most have aggressive strategies to replace ICE vehicles with EVs. GM plans to invest $27 billion and build and launch as many as 30 new EV models by 2025. Ford plans to invest $29 billion in EVs by 2025 and launch as many as 16 EVs in the next two years. Volkswagen(OTCPK:VWAGY)has also committed billions to develop new EVs.\nThe competitive advantage that legacy automakers have in selling their new EVs is their dealer network. Will new EV customers prefer to continue going to their regular auto dealer to buy their new EV?\nAlmost all legacy automakers worldwide are developing and launching EVs including Volkswagen, Peugeot, Renault/Nissan/Mitsubishi, Hyundai/Kia. Let's look a little more closely at GM and Ford as the leaders in the U.S.\nGeneral Motors (GM)\nGM has committed to introducing 20 new electric vehicles by 2023, including EVs across Chevrolet, Cadillac, GMC, and Buick. It recently announced that it has already sold out the first-year production of its Hummer electric pickup. By mid-decade, it expects to sell a million EVs per year in its two largest markets: North America and China. As a reference point, Tesla reported deliveries of 367,500 vehicles globally in 2019.\nGM has a solid platform strategy for its EVs. It plans on building its EVs using five interchangeable drive units and three different motors from its Ultium Drive System platform. Ultium energy options range from 50 to 200 kWh, which could enable an estimated range of up to 400 miles. Most of its EVs will have 400-volt battery packs and up to 200 kW fast-charging capability while the truck platform will have 800-volt battery packs and 350 kW fast-charging capabilities.\nThe key building blocks of the Ultium battery system are large-scale, high-energy cells. Engineered in partnership with LG Energy Solutions, they use both advanced chemistry and a smart cell design that's optimized for a broad portfolio of EVs. GM engineers and scientists are actively researching and testing new elements in battery chemistry to lower costs and improve charge times. Ultium can contain either vertically- or horizontally-stacked cells to integrate into vehicle design: vertically for trucks, SUVs, and crossovers, or horizontally for cars and performance vehicles. As new chemistry is developed and becomes available, the battery management system could digitally update the modules.\nGM also has other EV opportunities with its BrightDrop commercial EV service and its Cruise subsidiary. BrightDrop will not just sell delivery EVs, it will provide an entire service platform for commercial delivery customers. Its set of electric delivery vehicles starts with the EV600 and includes the BrightDrop EP1, a pod-like electric pallet. SeeGeneral Motors' Aggressive EV/AV Strategies May Payoff Big.\nWith its highest stock price of $61.65, GM's current market cap is approximately $89 billion, increasing primarily because of its progress with EVs. This approximately 3X valuation in 2018, but still only 13% of Tesla.\nFord (F)\nFord is also investing heavily in EVs. It just introduced the Mustang Mach-E, a battery-powered crossover with sports car styling, and plans to introduce an all-electric version of its best-selling F-150 pickup later this year. Also, planned is an electric edition of the full-size Transit van, which has been popular in the commercial delivery market. Ford has confirmed plans to build a luxury Lincoln crossover on a battery-powered platform provided by Rivian. The automaker also plans to introduce two new midsize electric crossovers, one each for the Ford and Lincoln brands by 2023.\nMustang Mach-E. Source: Ford\nFord's market cap is approximately $51 billion, twice its previous market cap, and also increasing.\nConsumer Retail EV Companies\nThe consumer retail market has some unique characteristics for new EV companies. Sales are made individually, not in fleets. This diversifies the risk upon launch because only a sufficient number of customers need to be attracted to the new EV. A wave of popularity can provide terrific momentum.\nHowever, the lack of a dealer network can be an impediment. Selling EVs directly to consumers instead of through dealers is prohibited in most states. By law, auto manufacturers can't compete with franchised dealers. These are laws that go back many decades to protect dealers. This can be a major impediment for new companies without established independent dealer franchises. So, new AV companies. like Tesla, need to sell their vehicles online. Tesla has successfully done this, but it took a lot of work and time. Lack of a dealer network also creates impediments in service.\nIn addition, over the next 4-5 years, autonomous capabilities will be increasingly important to luxury vehicles. This may prove to be a challenge to start-up EV companies because they can't afford to develop this technology.\nLet's look closer at the alternative consumer retail EV investments.\nLucid Motors (CCIV)\nLucid was founded in 2007 under the name Atieva and originally focused on building electric vehicle batteries and powertrains for other vehicle manufacturers. The company rebranded itself as Lucid Motors in October 2016 and shifted its strategy to develop an all-electric, high-performance, luxury vehicle. Shortly after that, it encountered financial difficulties and struggled to get short-term funding. In 2018 it raised more than $1 billion in investment, primarily from Saudi Arabia's Sovereign Fund, and gave up a majority of the company.\nLucid Motors reached an agreement to become a publicly-traded company through a merger with the SPAC Churchill Capital IV Corp., in one of the largest deals SPAC EV deals. The combined company, in which Saudi Arabia's Sovereign Fund will continue to be the largest shareholder, had a transaction equity value of $11.75 billion (for $10/share). At the same time, it closed a PIPE investment priced at $15 a share, giving it an implied pro forma equity value of $24 billion. Rumors about this deal circulated before the transaction was formally announced, making it one of the most anticipated SPAC deals. The hype and speculation drove up the stock price of Churchill Capital IV Corp. from its opening price of $10 a share to almost $60. I believe that some of this may have been driven by novice SPAC investors who didn't realize that the valuation of CCIV didn't include the eventual valuation of Lucid. The share price dropped more than 30% after the details of the deal were announced. It's also likely that Lucid renegotiated the terms of the merger based on the price jump.\nThe company's first product is the Lucid Air, a well-equipped luxury electric vehicle that features 406 miles of projected range and 480 horsepower with a starting price of $77,400, or $69,900 after the U.S. Federal Tax Credit of $7,500. This new Lucid Air model is positioned as a high-performance, ultra-efficient luxury EV sedan in a line of future vehicles that are expected to include Lucid Air Touring, Grand Touring, and Dream Edition versions.\nThe company plans to begin production and deliveries of the Lucid Air in North America in the second half of 2021. Previously the company aimed to begin deliveries earlier in 2021. It intends to sell the car in Europe in 2022, followed by China in 2023. Lucid vehicles will be produced at its new factory in Casa Grande, Arizona. The company plans to expand the factory in phases in the coming years to have the capacity to produce 365,000 units per year at scale. The initial phase of the $700 million factory construction was completed late last year and will have the capacity to produce 30,000 vehicles a year.\nLucid also apparently has a commitment to build an assembly plant in Saudi Arabia, which was rumored to be a condition of the $1 billion investment from the Saudi public fund. The Saudi Sovereign Wealth Fund also provided $600 million in bridge financing and invested in the SPAC deal as well. So, while this assembly plant may be expensive and may not be critical, it will most likely need to happen.\nLucid has ambitious plans to achieve $14 billion in revenue in 2025, and its current stock price at $29.17, which gives it a market cap of more than $46 billion, may already reflect those ambitions. Its market cap is roughly the same as Ford.\nFisker (FSR)\nFisker, which had its origins with Fisker Automotive, is an interesting story that ended in bankruptcy. Henrik Fisker originally co-founded Fisker Automotive in 2007. He was responsible for designing many premium cars such as the Aston Martin. Subsequently, Fisker Automotive had to deal with a Tesla lawsuit against Fisker Automotive alleging it stole Tesla's technology, a controversial $528.7 million conditional loan from the Department of Energy, a recall of its battery produced by A123, and the loss of several hundred vehicles in hurricane Sandy. Henrik Fisker resigned in March 2013 because of disagreements over business strategy and in November 2013, Fisker filed its Chapter 11 bankruptcy case.\nHowever, Henrik Fisker retained the Fisker brand and trademarks, and in 2016 he started another electric vehicle company named Fisker Inc. with the Fisker brand and trademarks. In 2019, Fisker shifted from developing a sports car with a solid-state battery to the Ocean SUV featuring a lithium-ion battery, which it later abandoned for a solid-state battery.\nFisker is positioning itself in a unique segment for those who want the most environmentally friendly EV. While this may be an early growth segment for EVs, it's difficult to estimate its eventual competitive advantage and the size of this environmentally-friendly market segment.\nThe Ocean is a crossover made of recycled metal and plastic with an expected base price of $37,499, and an expected lease of less than $400 a month. Fisker's plan is essentially a lease-only business model that lets customers keep a vehicle for years or return it at any time. It aims to source motors, batteries, and other components from technical partnerships with automakers and will outsource production from existing auto plants. Fisker is currently taking reservations at $250 for the Ocean. It also announced an agreement with Foxconn to jointly develop a vehicle pioneering a new market segment to be sold globally under the Fisker brand commencing in Q4 2023. at the end of 2022. Production will start at Magna Steyr's manufacturing facilities in Europe. At the end of February 2021, it had 12,467 cancellable reservations.\nFisker Ocean. Source: Fisker\nFisker went public using a SPAC (Spartan Energy). The original combination with SPAQ in October 2020 was valued at $2.9 billion with a cash investment of approximately $1 billion. The stock currently trades at approximately $21 per share, after reaching a high of $28.50, from the original price of $10, which is a market cap of $4.6 billion. Fisker projects $3.3 billion in revenue in 2023. It had almost $1 billion in cash at the end of 2020 and expected to use almost half of this in 2021: $250 million on operating expenses and $250 million in capital investments. If the Ocean is delayed into 2023, Fisker risks missing its revenue objective and will potentially need additional cash to complete development and launch.\nFaraday Future (PSAC)\nFaraday Future was originally established in May 2014 by Chinese businessman Jia Yueting. It is headquartered in Los Angeles and has offices in Silicon Valley, Beijing, Shanghai, and Chengdu. Faraday Future also had a turbulent history. In 2016, it struggled financially, and in 2017 some key executives departed over a dispute about financial issues. They later founded Canoo.\nIn December 2018 the company announced layoffs due to a cash crunch and financial troubles. The company's founder Jia Yueting filed for personal bankruptcy in the United States' federal court in Delaware on October 14, 2019. Following Jia's personal bankruptcy, he decided to step down from his role as CEO of Faraday Future in order to assume a new position as the Chief Product and User Officer. He was replaced as CEO by Carsten Breitfeld, the former CEO at rival electric vehicle startup Byton.\nSomehow, Faraday was able to raise $2.3 billion in private funding over 5 rounds from a variety of investors. In early 2018, it received $1.5 billion in funding from an undisclosed investor from Hong Kong.\nFaraday's flagship product offering will be the FF 91, featuring 1,050 HP, 0-60 mph in less than 2.4 seconds, zero gravity seats with the largest 60-degree reclining angles, and a user experience designed to create a mobile, connected, and luxurious living space. The FF 91 is targeted to launch in 2022.\nFF 91. Source: Faraday Future\nIts strategic partners include one of China's top three OEMs and a critical Chinese city, which the company believes will help establish its presence in the Chinese vehicle market.\nFaraday Future plans several cars based on its Variable Platform Architecture. FF 91 is the first production vehicle and flagship model. Pricing will range between $120,000 and upwards of $200,000, which places it against formidable opponents. Faraday Future is already looking forward to expanding its range with a pair of smaller models named FF 81 and FF 71. The FF 81 is planned to be priced at $75,000 to 95,000 with a 2023 release. The FF 71 is planned to be priced at $45,000 to $65,000 with a planned release of 2024.\nThe Primary Manufacturing Facility for FF 91 is in Hanford, CA with contract manufacturing for future models in Gunsan, South Korea.\nFaraday Future is planning high-Level automation with a Level-3 capable system using a redundant safety architecture based on NVIDIA Xavier System-on-a-chip. It will be capable of highway auto-drive and hardware ready for advanced auto-drive. It is targeting full autonomous valet parking & summon in any parking lot or structure. Eventually, it expects full auto-drive, including full 360˚ sensor coverage for advanced auto-drive & auto-park features.\nIn January 2021, Faraday Future announced that the company would go public through a reverse merger with the special purpose acquisition company Property Solutions Acquisition Corp. (PSAC). The combined company will be valued at $3.4 billion. Faraday Future is expected to set up contract manufacturing operations in China through their partnership with Geely. Taiwanese manufacturer Foxconn is also expected to serve as an additional strategic partner.\nFaraday Future projects $10.5 billion in revenue in 2024 and $21.5 billion in 2025. Revenue is expected to start in 2022 with the delivery of 2,400 vehicles for $504 million. Most likely these projections could prove to be optimistic. At a current stock price of approximately $12.80, it has a market cap of about $4.3 billion.\nLordstown Motors (RIDE)\nLordstown Motors based in Lordstown, Ohio, was originally founded in 2018 by Steve Burns, the former CEO of Workhorse Group. The company licensed technology from Workhorse in return for royalties and a 10% ownership. Lordstown is named after the famous GM Lordstown manufacturing plant, which it acquired in November 2019 in an unusual transaction. GM announced that it was closing the plant and was under a great deal of pressure for that decision. So, GM \"sold\" the plant to a company that was renamed Lordstown for an estimated $20 million that it loaned to the acquiring company. Subsequently, the sale was redefined to be part of a $75 million investment by GM, of which $50 million was an in-kind exchange for the plant.\nLordstown went public through the SPAC DiamondPeak Holdings Corp. in 2020. It currently has more than 400 employees.\nIts first product is the Lordstown Endurance, a full-sized EV pickup truck. Lordstown is positioning Endurance for the pickup fleet market segment. The expected price is $52,000+, and it claimed to have more than 100,000 pre-orders by January 2021. However, a recent research article published by a short seller claimed \"Our research has revealed that Lordstown's order book consists of fake or entirely non-binding orders, from customers that generally do not even have fleets of vehicles.\" Lordstown is disputing that article.\nIt believes the fleet pickup market segment is underserved with no current EV-focused competition. It estimates that the full-sized pick-up truck fleet market is 1.2 million vehicles per year in the U.S., but it's more fragmented than other truck fleets. Pickup \"fleets\" tend to be much smaller and local, so there may not be much of a market distinction for a small company buying several EV pickups from a traditional auto dealer. About half of the total U.S. pickup market is classified as fleet sales, meaning more than one.\nEven though Lordstown is targeting the commercial fleet market, it is a similar product to the Ford EV F-150. So I classify it in the consumer EV category. It is a class 2 vehicle. Lordstown also may enter the SUV market in the longer-term.\nThe Endurance will compete against future models from Rivian and Tesla, as well as Ford and GM in ICE pick-ups and their upcoming EV pick-ups. Ford plans on selling its EV F-150 in mid-2022. Initial production of the Endurance is expected in the second half of 2021, so it may have a short market advantage. Nevertheless, it forecasts selling 65,000 vehicles in 2023 and 107,000 in 2024. These estimates could be a large percentage of the EV pick-up market in those years.\nAt the SPAC merger, the implied valuation for Lordstown was $1.6 billion, including a $500 million PIPE and the $75 million by GM. Lordstown's financial projections appear to be aggressive. It projects to start shipping the Endurance in late 2021 with projected revenue in 2022 of $1.7 billion, increasing to $5.8 billion in 2024. Its stock price at approximately $13.60 values the company at a market cap of approximately $2.2 billion. The value of the company depends on the likelihood of achieving its projections.\nA fleet sales strategy makes sense for Lordstown since it would be too expensive to build a retail sales and service capability. However, it's not clear that this will become a distinct competitive advantage. Some small fleets may still prefer to buy their EV pickups from established local dealers with service capabilities.\nCanoo (GOEV)\nCanoo started as Evelozcity in 2017 and rebranded as Canoo in the spring of 2019. Canoo is a Los Angeles-based company that develops electric vehicles. It has over 350 employees. Canoo has designed a modular electric platform purpose-built to deliver maximum vehicle interior space, which is adaptable to support a wide range of vehicle applications for consumers and businesses. Canoo expects to launch its first consumer model in 2022, simply named the Canoo that will be available by subscription, followed shortly after by a multi-purpose delivery vehicle and a sports vehicle, each built off of the same underlying platform. Canoo went public using a SPAC (Hennessy Capital Acquisition) and now trades as GOEV.\nCanoo's all-electric skateboard-like platform is designed to support both consumer retail and commercial vehicle configurations. The EV leverages Canoo's flat skateboard architecture for a high level of usable interior space. Its commercial vehicle program, expected in 2023, addresses a projected $50B+ last-mile delivery market with an EV platform that maximizes cargo volume.\nHyundai Motor Group said it would jointly develop an electric vehicle platform with the company.\nCanoo's platform strategy is interesting. It could be used as an EV platform for custom fleets of delivery vehicles. It has no AV development, but it claims to be \"AV Ready\" which could be useful for AV companies wanting to build custom AV delivery fleets.\nIts all-electric multi-purpose delivery vehicle is expected to be priced starting at approximately $33,000. It is based on Canoo's proprietary electric platform and will be offered in two initial size variants, with others to follow. Limited availability will begin in 2022, with scaled production and launch planned for 2023. Customers can pre-order the multi-purpose delivery vehicle for a refundable deposit of $100 per vehicle\nIt plans to offer two multi-purpose delivery vehicles: the MPDV1 and the larger MPDV2. The first has a 200-foot cargo volume and a range of 130-200 miles. It offers more capacity than today's ICE delivery vehicles at an affordable price with urban mobility enabled by a space-efficient footprint. The vehicle is also designed to fit within many height-restricted areas like parking garages.\nThe MPDV2 has a cargo volume of 450 feet and a range of 90-190 miles. Its roof and step-in height enable individuals to easily walk-in the vehicle and accommodate a standing position while inside.\nThe original SPAC transaction provided approximately $600 million, with a pro forma equity value of approximately $2.4 billion. Like other SPAC mergers, its stock price has fluctuated. It currently trades at about $15.90 per share for a market cap of approximately $3.7 billion. Canoo projects $2.0 billion in revenue in 2025 from about $500 million in engineering services, $1.2 billion from its consumer vehicle subscriptions, and the remainder from its commercial program. Canoo expects revenue of more than $300 million in 2022 after the launch of its lifestyle consumer vehicle.\nSince its first products are aimed at consumers, as is most of its forecasted 2025 revenue, I categorize it primarily as a consumer EV company. However, I think the design of that Canoo vehicle may not attract enough customers. More importantly, its subscription service way of selling its EV to consumers is risky. I think it has more potential in the commercial market, however, a dual strategy (consumer and commercial) is challenging. I like its skateboard platform design and that could prove to be a competitive advantage.\nRivian\nAlthough not yet public, I include Rivian because it has plans for an IPO as soon as Sept 2021, although it could slip into 2022. There are rumors that the company is targeting a market valuation of approximately $50B. Rivian has already raised more than $8 billion to date from Amazon, Ford, T. Rowe Price, and others.\nRivian has developed and vertically integrated a connected electric platform that can be flexibly applied to a range of applications, including the company's adventure products, as well as B2B products such as the Amazon last-mile delivery vans. The company's initial products, the R1T and R1S, provide a combination of performance, off-road capability, and utility. These vehicles will be produced at Rivian's manufacturing plant in Normal, Ill., with customer deliveries expected to begin in summer 2021. The launch of the R1S three-row electric SUV will follow in August.\nAdditional lower-priced models are being planned. The expected R2 series would include at least two smaller electric vehicles to coincide with the smaller platform, then another platform for R3.\nCommercial Delivery EV Companies\nEV truck companies differ based on the type of truck they are developing. The technology and markets are very different, so I separate them into two categories. The first category includes commercial delivery vehicles.\nCompanies making EV delivery vehicles have some major advantages that could make them good investments. First, delivery vehicles typically travel less than 250 miles during a day, so they can be conveniently recharged overnight. Secondly, they are typically sold in large quantities to fleets. This means that building a retail sales infrastructure is not necessary. It only requires a small salesforce. In addition, maintenance can also be provided at the fleet's operational center, so not as many service centers are required.\nThe disadvantage in this market is that there are a relatively small number of customers that buy in large volumes, so if the EV manufacturer can't get enough large customers, they may not be able to stay in business. GM estimates the combined market opportunity for parcel and food delivery, as well as reverse logistics, in the U.S. will be more than $850 billion by 2025.\nThe commercial market is expected to be a major growth area for EVs. Other start-up automakers like Rivian as well as legacy automakers such as Ford, Daimler, and GM have announced plans to enter the segment. GM recently announced its BrightDrop ecosystem for commercial customers that includes an all-new electric delivery van, the EV600 available by the end of 2021, as well as an integrated autonomous pallet and related services.\nThis group of EV companies focuses primarily on commercial delivery. In general, these are in the light-duty trucks category, although it also includes some medium-duty trucks. This generally includes the following commercial truck classes:\n\nClass 1: This class of trucks has a GVWR of 0-6,000 pounds or 0-2,722 kilograms.\nClass 2: This class of trucks has a GVWR of 6,001-10,000 pounds or 2,722-4,536 kilograms.1\nClass 3: This class of trucks has a GVWR of 10,001-14,000 pounds or 4,536-6,350 kilograms.\n\nIt can also include somewhat larger medium-duty EV delivery trucks:\n\nClass 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.\nClass 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.\n\nEV delivery trucks also have an advantage over ICE vehicles because they can have a greater delivery storage space. Smaller buses and transit vehicles are also included in this category.\nLast-mile package delivery is not an immediate-term autonomous vehicle opportunity because it requires a delivery person to be on the truck anyway.\nWorkhorse Group (WKHS)\nWorkhorse has been a public company for ten years. Originally AMP Electric Vehicles, it was established in 2007 as a developmental-stage vehicle electrification company, focusing on conversions. AMP Electric Vehicles went public in 2010 trading on the OTC market under the AMPD symbol. When the economic benefits of conversion became less certain, it pivoted away from passenger vehicles and began to focus on electrifying commercial vehicles. AMP acquired the Workhorse brand and the Workhorse custom chassis assembly plant in Union City. In March of 2013, AMP formally changed its name to Workhorse Group Incorporated.\nThe Company designs and builds a last-mile delivery electric vehicle. The C-Series EVs cover the larger size of commercial delivery vehicles in Classes 3-5. As part of its solutions, it also develops cloud-based, real-time telematics performance monitoring systems. It sells its vehicles to fleet customers directly and through its primary distributor, Ryder Systems. It is currently focused on bringing the C-Series electric delivery truck to market and fulfilling the existing backlog of orders.\nThe C-Series looks like a viable EV replacement for the 350,000 last-mile delivery vehicles sold in the U.S. annually. It recently announced an increased driving range from 100 miles to 160, which should open more market opportunities. It has a viable short-term go-to-market strategy selling fleets to delivery companies. It currently has test vehicles with UPS, DHL, FedEx, Amazon, and Walmart.\nWorkhorse recently lost out on the United States Postal Services Next Generation Delivery Vehicle project, however, it is in the process of challenging this decision. Additionally, its investment in Lordstown also provides an indirect investment opportunity. On November 7, 2019, the Company entered a transaction with Lordstown Motors to grant LMC a perpetual and worldwide license to certain intellectual property relating to its W-15 electric pickup truck platform and related technology in exchange for royalties, equity interest (approximately 10%) in LMC, and other considerations. This was a $320 million asset for Workhorse at the end of 2020.\nWorkhorse received a significant increase in orders in Q4/2020 but built just seven trucks in the fourth quarter due to production systems and supply chain issues. Workhorse plans to continue to take it slow, striving to build three of its composite-body battery-electric trucks a day in March with a plan to reach 10 trucks a day by the end of June. This makes its original 2021 goal of producing 1,800 trucks unlikely. It partnered with Hitachi and Hitachi Capital America (\"HCA\") to improve the Company's manufacturing, operational, and supply chain capabilities as well as to develop a national dealer network to support Workhorse's sales with vehicle financing options for both dealers and customers.\nWorkhorse has a market cap of approximately $1.9 billion. While Workhorse had ongoing revenue, unlike many other new EV companies, its revenue is still insignificant. It had a revenue of $1.4 million in 2020 and $377,000 in 2019. It has a backlog of over 8,000 vehicles but doesn't expect to be able to build many of those in 2021. It raised $270 million in capital over several financings, providing the Company with additional capital to build its backlog. It had cash of $215 million as of March 1, 2021. Because Workhorse is a traditional public company, it hasn't made long-term financial projections like SPAC-based companies.\nElectric Last Mile (FIII)\nElectric Last Mile, based in Troy Michigan, was founded by Jason Luo, former CEO of Ford China before it was acquired by China's Ningbo Joyson Electronic for $920 million in 2016, including James Taylor, former CEO of GM's Hummer brand and former CEO of electric car maker Karma Automotive. Taylor serves as the company's top executive with Luo as the company's chairman.\nThe company plans to launch a small electric delivery van (class 1-2), called the UD-1, in the third quarter of 2021, and then introduce an Urban Utility vehicle (Class 2-3) in 2022. These are expected to compete with Workhorse, Rivian, Canoo, as well as the Ford eTransit and the GMC BV1, none of which is expected to be a Class 1 vehicle.\nThe company says it has 30,000 preorders for its van, representing more than $1 billion in sales. Electric Last Miles vehicles will be based on Sokon's commercial van made in China through a joint venture with Dongfeng Automobile Co Ltd. in order to accelerate development time.\nElectric Last Mile (ELM) is expected to manufacture the vans in a former General Motors Co. Hummer plant in Mishawaka, Ind., that the company is acquiring from China's Chongqing Sokon Industry Group Stock Co. Ltd. The plant has the capacity to produce 100,000 vehicles annually with plans to build approximately 4,000 UD-1 vans by the end of 2021. The UD-1 has a starting price of $32,500 and a range of 150 miles. The battery for the vehicle is expected to be supplied by the Chinese battery company CATL.\nELM believes that it has a competitive advantage because its first vehicle, the ELM Urban Delivery, is scheduled to be available in 2021. It is based on a proven, existing platform developed and sold by Sokon Group in the Asian market, where there are 30,000 of these electric delivery vehicles driving 1.5 million miles every day. At the close of the business combination, ELM will be an independent, U.S. company producing electric vehicles in the U.S. with Sokon Group providing access to its know-how, parts supply, and field and service data.\nELM expects that the Urban Delivery vehicle will be the first electric delivery vehicle coming to market in the class 1 category (GVW of 6,000 lbs or less) in the U.S. It will also have 35% more carrying volume compared to similar ICE delivery vehicles, a critical part of the value proposition. It also anticipates that its price and greater carrying volume will allow it to take market share from the class 2 category of vehicles as well.\nIts crossover product portfolio strategy targets commercial delivery vehicles spanning from class 1 to class 3, which represents over 80% of the last mile market.\nELM anticipates $122 million in revenue in 2021, rapidly increasing to $3 billion in 2025. The price of FIII stock increased immediately following its announcement with Electric Last Mile, rising more than 40% to $14.50, but now it has dropped closer to the original deal price to $10.25 for a market cap of approximately $1.5 billion.\nGreenPower Motor Company (GP)\nGreenPower Motor Company Inc. is a Canadian battery-electric bus manufacturer with multiple models of high- and low-floor vehicles, including transit buses, school buses, and shuttles. GreenPower offers commercial vehicles for delivery, public transit, schools, vanpooling, micro-transit, shuttles, and is developing a capability of autonomous operation. It went public on August 28, 2020.\nIn 2014 GreenPower launched its first purpose-built, battery-electric bus, the EV350, 40-foot transit bus. GreenPower received its first order in 2017 for ten EV350s from the City of Porterville, California.\nGreenPower's electric buses are purpose-built and designed to be all-electric, allowing it to put the battery and propulsion system in optimized locations that provide weight and structural advantages. Its primary EV is the EV Star with more than 120 vehicles delivered. It comes in several variations:\n\nEV Star - Up to 19 passengers\nEV Star Plus - Up to 24 passengers\nEV Star ADA - Passenger and curbside lift for ADA\nEV Star Cargo - 5,000 pounds of load\nEV Star Cargo Plus - 570 cubic feet of cargo space.\n\nIts EV school bus seats up to 90 students and has a range of up to 150 miles.\nGreenPower had revenue of $13.5 million in 2020 It has about $21 million in cash. It's an interesting alternative since it is already shipping EVs, has revenue, and also has a lower market cap of less than $1 billion. Since it did a traditional IPO, it hasn't published longer-term financial forecasts.\nArrival (CIIC)\nArrival was founded in 2015 in London to make a variety of commercial electric vehicles. It has approximately 1,200 employees across 11 cities in 8 countries. In November 2020, Arrival and the SPAC CIIG entered into a business combination agreement with an implied valuation of $5.39 billion.\nArrival plans on releasing four commercial EVs over the next few years.\n\nQ4/2021: An electric bus for 8-125 passengers and a range of 240-400km\nQ3/2022: An electric delivery van with a payload of 975-2,000kg and a range of 150-340km\n2022: A larger electric van with a payload of 4,000 kg and a range of 190-400km\n2023: a small vehicle platform with a range of 100-300km.\n\nThis mix provides a nice diversified portfolio of EVs. Arrival claims to have received orders from UPS for 10,000 vans. It plans a unique flexible manufacturing approach using micro-factories with each projected to manufacture 10,000 vans per year. All of its vehicles use a modular skateboard electric platform.\nArrival ambitiously projects $14.1 billion in revenue in 2024. Half of that revenue is expected from delivery vans, 22% from buses, and the rest from the large van and its small vehicle platform. With CIIC's stock price at $24.80 per share, Arrival's current market cap is relatively high at approximately $15.0 billion. Justifying its market cap depends on its ability to release, sell, and produce its four commercial EVs.\nProterra (ACTC)\nProterra is a commercial electric vehicle company with over a decade of production experience. The Company has designed an end-to-end, flexible technology platform that claims to deliver higher performance and a low total cost of ownership to original equipment manufacturers (OEMs) and end customers.\nProterra, Inc., was originally founded in Golden, Colorado, by Dale Hill in 2004. Later the company wanted to take the lead in creating zero-emission, U.S.-based transit buses. In 2010 it moved its manufacturing plant from Golden, Colorado to Greenville, South Carolina. In 2015, Proterra was awarded a $3 million grant from the California Energy Commission to fund the design, development, and construction of the company's battery-electric transit bus manufacturing line in the City of Industry, California. It moved its headquarters from Greenville, South Carolina, to Burlingame, California, in October 2015. Proterra raised more than $600 million in funding.\nIt is going public through the SPAC ArcLight (ACTC) with a pro forma valuation of $1.6 billion. Upon completion of the transaction, Proterra expects to have up to $825 million in cash to fund growth initiatives, including R&D and the expansion of its next-generation battery program.\nProterra has three complementary businesses:\n\nProterra Powered: Delivering battery systems and electrification solutions to commercial vehicle manufacturers\nProterra Transit:Providing an electric transit bus OEMs\nProterra Energy:Offering turnkey charging and energy management solutions.\n\nThe company's battery systems have been proven in more than 16 million service miles driven by its fleet of transit vehicles and validated through partnerships with commercial vehicle OEMs. Proterra has produced and delivered more than 300 megawatt-hours of battery systems, more than 550 heavy-duty electric transit buses, and installed 54 megawatts of charging systems.\nProterra expected $193 million of revenue in 2020, with an estimated $750 million in existing orders and backlog. It projects $2.5 billion in revenue in 2025, with about 1/3 coming from its Transit business, and 2/3 From Powered & Energy. At ACTC's current stock price of $17.85, Proterra has a market cap of about $4.3 billion.\nRivian\nRivian (see earlier description in consumer retail) will also compete in the commercial delivery market. It has been working with Amazon (a major investor) to build large electric delivery vans for Prime. Developed specifically for Amazon, a small fleet of Prime vans is on the road now, testing deliveries to customers and gathering feedback. In late fall, it could grow to a large fleet as Rivian ramps up the volume.\nThe EV range of 150 miles is tailored to Amazon's use cycle to optimize the size, weight, and cost of the commercial vehicle. Rivian has three sizes of batteries, but Amazon is starting with just one of them.\nCanoo (GOEV)\nSee the previous summary under consumer retail EV.\nMedium and Long-Haul Trucking EV Companies\nCompanies developing medium- and long-haul EV trucks face a more difficult challenge with battery range. These trucks haul much more weight than commercial delivery vehicles and because they are designed for long distances, they can't stop every 200-300 miles for recharging.\nFor this reason, many of these companies are using unique hybrid technologies for their trucks. The EV trucks in this category are primarily heavy-duty but also include some medium-duty trucks and specialty vehicles. A couple of the companies focus on retrofitting trucks to be electric.\nMedium-Duty Trucks\nThe medium-duty trucks category includes commercial truck classes 4, 5, and 6:\n\nClass 4: This class of trucks has a GVWR of 14,001-16,000 pounds or 6,351-7,257 kilograms.\nClass 5: This class of trucks has a GVWR of 16,001-19,500 pounds or 7,258-8,845 kilograms.\nClass 6: This class of trucks has a GVWR of 19,501-26,000 pounds or 8,846-11,793 kilograms.1\n\nHeavy-Duty Trucks\nThe heavy-duty trucks category includes commercial truck classes 7 and 8:\n\nClass 7: This class of trucks has a GVWR of 26,001 to 33,000 pounds or 11,794-14,969 kilograms.\nClass 8: This class of trucks has a GVWR of greater than 33,001 pounds or 14,969 kilograms and includes all tractor-trailers.\n\nThe Tesla Semi is a battery vehicle planned for a range of 300 or 500 miles and a speed of 60 MPH with 80,000 lbs of cargo. Tesla plans to start shipping the Semi later this year when it expects to have sufficient cell volume to meet its needs with the production of its 4680 battery pack.\nNikola(NASDAQ:NKLA)\nNikola has been a very controversial company. Founded in 2015, it originally had two different strategies. Its primary strategy is to lease fuel-cell electric vehicle (FCEV) Class-8 heavy trucks and provide the refueling infrastructure to corporate customers. Its second strategy was to develop the Badger EV truck using GM technology.\nNikola originally merged with a SPAC to go public, at an enterprise value of approximately $3.3 billion. On June 6th, 2020, its market cap jumped to more than $30 billion, then later it dropped because of problems with its originally planned deal with GM.\nNikola originally expected a deal with General Motors that included the production of the Nikola Badger EV pickup truck. The proposed arrangement was that GM would take a $2 billion equity stake in Nikola and in return would engineer and produce the Badger. In November 2020, GM and Nikola scrapped the original arrangement. Now it appears that GM will supply Nikola with only its Hydrotec hydrogen fuel-cell technology to integrate into the EV manufacturer's commercial class 7 and class 8 zero-emission semi-trucks. So, the Badger is probably dead.\nNikola now sees semi-trucks as the company's \"core business\" and fuel cells as an increasingly important segment of the semi-truck market thanks to their efficiency in weight and consumption. It expects to begin testing by the end of 2021.\nIt has received pre-orders from Anheuser-Busch and a few other companies, but it doesn't expect deliveries until 2023. Hydrogen fueling stations are key to its strategy, both providing a source of revenue and necessary fueling infrastructure for the trucks to operate, but they also cost a lot. In its March 2020 investor deck, Nikola said a single station capable of fueling 210 trucks a day would cost $16.6 million. Its initial planned network of 700 stations would cost roughly $11.6 billion.\nNikola was also accused of misrepresentation, and its executive chairman and founder stepped down.\nAt the time of the SPAC merger, it projected an optimistic forecast of more than $3 billion in revenue by 2024, with a net income of $145 million. Most of that revenue was expected to come from its Badger truck, which is no longer in the plans. Yet its market cap is still almost $6 billion.\nHyliion (HYLN)\nHyliion, founded in 2015 in Austin, went public in October 2020 through the SPAC Tortoise Acquisition Corp. (SHLL). In March 2019, automotive parts manufacturer Dana Inc. made an equity investment into Hyliion, and together they are manufacturing and marketing Class 8 EVs to Dana's customers, including Volvo, Navistar, and Peterbilt.\nHyliion's strategy is unique, and a very different strategy from Nikola. Essentially it generates electricity onboard the truck using compressed natural gas (CNG). This should be a benefit for longer-range trucking. Hyliion's Hypertruck concept involves an all-electric drivetrain utilizing Dana's electric motor, inverter, and axle technologies. The truck's batteries are fueled by onboard tanks of CNG. With some 700 CNG stations already operating nationwide, it believes that there no need to build out expensive superchargers or hydrogen infrastructure.\nKuwait-based logistics company, Agility, has already placed an order for 1,000 Hypertrucks with initial deliveries targeted in 2022. Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range.\nHyliion will eventually compete with Nikola (FCEV) and the Tesla battery-based Semi, but it plans to have a longer range and lower operating costs. Its HyperTruck ERX is expected to be available in 2021. It also has a hybrid-electric truck.\nThe combination with SHLL had an estimated market cap of about $1.5 billion, with approximately $530 million going to the company, including a $325 million fully committed PIPE. At approximately $13.50 per share, its current market cap is approximately $2.2 billion, significantly down from its peak. Hyliion projects $2 billion in revenue in 2024, which it claims is only about 2% of the addressable market.\nXL Fleet (XL)\nXL Fleet is a 10-year old company that went public through the SPAC Pivotal. XL is different because it provides fleet electrification modifications for ICE trucks across a wide range of vehicle classes (class 2-5) and types. It has over 200 of the largest commercial and municipal fleets as customers, with more than 3,200 XL systems deployed and over 130 million miles driven by customers to date. XL's customer base includes FedEx, Coca-Cola, PepsiCo, Verizon, the City of Boston, Seattle Fire Department, Yale University, and Harvard University.\nXL's business model is essentially retrofitting existing trucks to be hybrids and then later expanding into fully electric truck conversions. It claims to be creating a fully integrated platform for this. It remains to be seen if the retrofitting business will continue to grow or will it diminish when more trucks are designed and manufactured with EV capabilities.\nUnlike some other EV companies that have no revenue yet because they are still developing products, XL is more of a small company doing low-volume retrofits. It had $7.2 million in revenue in 2019, $21 million in 2020, and estimates $76 million in 2021, but it forecasts $1.3 billion in revenue in 2024 in its investor presentation. It plans to do this by expanding its product line from hybrid to plug-in hybrid to fully electric across a broader range of trucks. It claims to have a $220 million sales pipeline for the next 12 months.\nShort-seller, Muddy Waters, claimed after talking to former XL Fleet employees, that it believed the company significantly exaggerated its order backlog, that the return on investment for the company's products was likely negative, and that it would not be able to compete with big car makers on electrification. The company thoroughly refuted these claims.\nThe original enterprise valuation was approximately $1.4 billion at a $10 share price for the merger. Its price jumped by about 35% but has since gone back down to $12.40 for a market cap of about $1.8 billion. Although XL Fleet has revenue and other EV companies don't, this may not be an advantage. It appears to be a small company for many years that has gone public at a high valuation with grand plans. The risks are in its ability to make a jump from $76 million in 2021 to $1.3 billion in 2024, as well as the question about retrofitting being replaced by new EV trucks by then.\nXos (NGAC)\nXos Trucks specializes in the field of manufacturing fully electric commercial vehicles. It features a software platform that is designed to accommodate an extensive variety of medium-duty bodies, wheelbase, and range requirements up to 200 miles. It was founded in 2016 and headquartered in North Hollywood, California. It received $20 million of investment in 2020 and now is going public through a merger with the SPAC ExtGen Acquisition Corporation (NGAC) at an estimated proforma value of $1.965 billion.\nIts focus is on medium- and heavy-duty last mile and return-to-base segments (class 5/6, class 6/7, and class 7/8) commercial fleets and specialty vehicles. Some vehicles are currently in production and in regular on-road operations with key fleet customers, and it claimed 6,000 unit orders in backlog.\nIts MD-platform is for classes 5-6 for pickup and delivery. Its HD X-Platform is an adaptable chassis for highway, vocational, and severe work conditions. Its market is for customers with highly predictable routes that allow for batteries designed for a more limited range. A significantly larger frame and smaller battery pack allow for reduced density.\nXos has a bundled all-in-one offering that allows fleets to access all the tools and services they need to go electric with a single point of contact at a fixed monthly expense.\nXos had $3 million in revenue in 2020 and estimates $14 million in 2021. However, it forecasts $5.2 billion in revenue in 2025. At the current stock price of $10.30, its market cap is approximately $2 billion, about the same as its original SPAC transaction.\nLion Electric (NGA)\nLion Electric is a Canadian company founded by Marc Bédard in 2008. Its focus is to be a leader in designing, developing, and manufacturing purpose-built urban electric vehicles; vehicles that are specifically designed as delivery trucks, refuse trucks, bucket trucks, moving trucks, school buses, and shuttle buses. It has over 300 all-electric vehicles on the road today.\nIn November 2020, it announced that it was going public through the SPAC NGA. The transaction had an estimated pro forma enterprise value of $1.5 billion.\nIt plans on seven new truck models and one new school bus, for a total of 15 all-electric vehicles, representing a full line-up from class 5 to class 8 electric trucks and a full line-up of electric school buses. Its vehicles are produced at its existing manufacturing plant, which has the capacity for the production of up to 2,500 vehicles per year. It intends to open a new plant in the U.S. capable of delivering over 20,000 Lion trucks and buses per year by 2022.\nIts all-electric class 6 and class 8 commercial urban trucks combine power, comfort, and modern technology. Custom-built chassis and cabin designed specifically for an all-electric heavy-duty vehicle. The LionC is an all-electric Type C school bus manufactured in North America. The body and chassis were specifically designed to deliver optimal performance. The LionM is an all-electric midi/minibus that meets paratransit and public transportation requirements. Created and designed specifically for the paratransit market, the is spacious and offers unique features that provide enhanced security and accessibility to the end-users.\nLion Electric had $29 million in revenue in 2020 and expects $204 million in 2021. It forecasts revenue to jump to $3.6 billion a few years later in 2024. Its current market cap is approximately $3.6 billion based on its current stock price of $18.33.\nLightning eMotors (GIK)\nLightning eMotors, formerly Lightning Systems, was founded in 2008 and is headquartered in Loveland, Colorado. It provides fleet electrification for familiar commercial vehicle platforms by retrofitting them with its electric powertrains. Lightning eMotors produces electric fleet medium- and heavy-duty vehicles, including delivery trucks, shuttle buses, passenger vans, ambulances, bucket trucks, chassis-cab models, and city transit buses. It focuses on urban commercial zero-emission vehicles with a full range of class 3 through class 7 battery-electric and fuel-cell electric vehicles.\nLighting eMotors helps commercial fleets achieve their sustainability goals by offering zero-emission battery-electric vans, trucks, and buses based on familiar, proven vehicles from manufacturers such as Ford and GM. It works with customers, to help them identify their unique commercial electric vehicle, charging, and grant support needs.\nThe Lightning products include integrated all-electric powertrains for the Ford Transit 350HD passenger and cargo vans, Ford E-450 shuttle bus and cutaway models, Ford F-59 step/food van, Ford F-550 cargo trucks and buses, Chevrolet 6500XD Low Cab Forward model, and 30-foot, 35-foot, and 40-foot transit buses.\nLightning has 120 vehicles on the road, and 1,500 vehicles already on order from customers. In addition to making vehicles and powertrains, Lightning also provides a full suite of charging solutions for customers.\nThe deal with GIK has an enterprise value of $650 million, although there is also an Earnout of 20.0% of total pro forma shares outstanding to Lightning eMotors shareholders if the stock crosses certain price thresholds.\nAt the current price, of $11.73, GIK has a market cap of approximately $1 billion, a little more than the original transaction valuation. Similar to XL Fleet, Lightning has the risk that retrofitting may only be an interim business opportunity until more EV trucks are produced.\nPublic Chinese EV Companies\nChina will be the biggest EV market opportunity, and EV start-ups may do better there because there isn't as much entrenched competition from domestic auto companies. China is already the largest EV market in the world, with almost a million EVs sold in 2019. Its EV market represents almost half of the global EV sales volume and is much larger than the U.S. market.\nThe Chinese government has ambitions to become a global leader in new energy vehicles. Soon after the coronavirus outbreak subsided within the country, Chinese authorities announced new policies to support the auto and electric vehicle industries.\nThese Chinese companies are traded through American depository shares (ADS) that contain certain risks. There are financial reporting and transparency risks with these companies, and on top of that, the newer companies are being classified as \"emerging growth\" companies that are already exempt from certain transparency requirements set out in the Sarbanes-Oxley Act of 2002. Like the previous EV stock, these stocks have also been very volatile.\nIn addition to legacy auto manufacturers like BYD, there are also three Chinese EV companies that are publicly traded through American depositary shares.\nBYD Co., Ltd. (OTCPK:BYDDY)\nBYD, which means build your dreams, is the automotive subsidiary of the Chinese multinational BYD Co Ltd. It was founded in January 2003, following BYD Company's acquisition of Tsinchuan Automobile Company. The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries, and trucks. The current model range of automobiles includes electric vehicles, plug-in hybrids, and petrol-engined vehicles. Thirteen years ago, on the advice of his famously skeptical lieutenant, Charlie Munger, Warren Buffett made a $232 million investment in BYD, a relatively unknown Chinese car company.\nBy parlaying BYD's rechargeable battery technology into a fast-growing carmaking operation, it gained a foothold in the fledgling electric vehicle market, building longer-lasting batteries and cheaper vehicles than American and Japanese manufacturers were managing to do at the time. In BYD, Buffett and Munger believed they had found a company with a shot at one day becoming the largest player in a global automobile market that was inevitably going electric.\nBYD's start to 2021 was strong with 19,871 plug-in electric cars sold in January in China, including hybrid plug-ins. That was a big increase over 2020 but not as much as 2019.\nLI Auto (LI)\nLixiang, formerly known as Chehejia (\"Car and Home\"), was founded in 2015 and went public in the U.S. on July 30th, 2020. It is a Beijing-based electric-vehicle startup with vertically integrated manufacturing. It designs, researches, manufactures, sells, and offers services featuring a few models of electric vehicles.\nThe company's SUVs are hybrids of a sort. They use electric motors (one on the front axle and one on the rear), but those motors are powered by a combination of a 40.5kWh battery packanda 1.2-liter turbocharged engine paired to a 45-liter fuel tank and a 100kW electric generator, which generates power for the battery pack in real-time. The idea is that the car can be driven for about 100 miles on battery power alone, but it has a total range of nearly 500 miles when leveraging the combustion engine generator.\nThe Company's primary product is an SUV under its brand Li ONE. It also sells peripheral products and provides related services, such as charging stalls, vehicle internet connection services, and extended lifetime warranties. Li Auto is looking to sell a variety of SUVs built on its hybrid technology that range from around $21,000 to about $70,000. The company started shipping its first model in late 2019. It's a midsize SUV is well-appointed and has lots of touchscreens and technology. A full-size premium version is planned for release in 2022.\nDeliveries of Li ONEs were 14,464 vehicles in the fourth quarter of 2020, representing a 67.0% quarter-over-quarter increase and setting a new quarterly record. Deliveries for the full year 2020 reached 32,624 vehicles. Revenue in the fourth quarter was $635 million.\nLI auto went public on July 30th, 2020, raising $1.1 billion at an initial price of $15.50 per share but quickly reached almost $24. It is currently valued at approximately $37 billion at a price of approximately $25.72 per share.\nXPeng (XPEV)\nXiaopeng (XPeng) Motors is a Chinese electric vehicle and technology company that designs and manufactures smart cars. It was founded in 2015 and went public on August 27, 2020, using American depository shares, raising about $1 billion. To date, it has raised about $2.6 billion.\nXPeng aims its EVs at technology-savvy middle-class Chinese consumers, with prices ranging from $22,000 to $45,000 after government subsidies. In some ways, it is a Tesla knock-off at a much lower price. XPeng started production of the G3 in November 2018, and as of July 31, 2020, delivered 18,741. It started production of the P7 and began delivery in May 2020, and as of July 31, 2020, it had delivered 1,966 EVs. The P7 has a range of more than 400 miles. It plans to launch a third Smart EV, a sedan, in 2021. The G3 was among the top-three best-selling electric SUVs in China in 2019.\nXPeng is interesting because it has a platform strategy and is moving aggressively into autonomous driving. It uses a platform strategy to expand product offerings by launching one Smart EV model each year to broaden the addressable market. It builds new models on two highly flexible Smart EV platforms, called David and Edward, respectively. The David platform has been designed for vehicles with wheelbases ranging from 2,600 millimeters to 2,800 millimeters, and the Edward platform has been designed for vehicles with wheelbases ranging from 2,800 millimeters to 3,100 millimeters. It also adopted a platform approach for software systems.\nXPeng claims to be developing an autonomous driving capability for its EVs. The P7 is the first production vehicle to feature the NVIDIA DRIVE AGX Xavier system-on-a-chip (SoC) autonomous driving platform. The company's Smart Electric Platform Architecture (SEPA) runs on 2 chips - NVIDIA for the XPILOT and Qualcomm's Snapdragon™ 820A for intelligent services and infotainment, including cameras inside and outside, radars, HD-map, and ultrasonic sensors. Like Tesla, it claims it can create sufficiently-autonomous driving without lidar.\nTo enhance brand recognition and allow more people to experience its Smart EVs, it deployed a small number of Smart EVs in a ride-hailing service in Guangzhou on a trial basis, but it has no current plan to scale up a ride-hailing service.\nXpeng sees first-quarter 2021 deliveries rising 450% year-over-year to 12,500 vehicles. Revenues are expected to increase 533% from a year ago. The company didn't provide bottom-line estimates for the quarter, but will likely post another net loss as it ramps up manufacturing, invests in R&D, and builds out a new manufacturing plant set to open in 2022.\nXpeng reported selling 12,964 vehicles in Q4 2020, up 303% from a year ago. It delivered a total of 27,041 vehicles in 2020, up 112%. It makes the P7 sedan, a rival to the made-in-China Tesla Model 3, and the small G3 SUV.\nThe stock opened on August 27, 2020 at a price of $15 and a valuation of $11 billion, but its stock jumped more than 40% shortly after. Its current valuation is about $35 billion at a stock price of approximately $36.13 per share. It had about $300 million in revenue in 2019 with a loss of about $500 million.\nNio (NIO)\nUnlike previous companies, Nio has been a public company for some time. It originally went public in the U.S. back in September of 2018, selling IPO shares at $6.26 and raising $1 billion.\nNio's IPO was far from smooth. After going public at $6.26 per share, it traded down to nearly $1. Then in the middle of the coronavirus outbreak, Nio received a much-needed investment of $1 billion from investors, including state-backed entities.\nNio designs, jointly manufactures, and sells smart and connected premium electric vehicles, attempting to develop next-generation technologies in connectivity, autonomous driving, and artificial intelligence. Joint manufacturing means that it uses a state-owned contract manufacturer to build its cars.\nNio plans to provide customers with comprehensive, convenient, and innovative charging solutions and other user-centric services. It began deliveries of the ES8, a 7-seater high-performance premium electric SUV in China in June 2018, and its variant, the six-seater ES8, in March 2019. Nio officially launched the ES6, a 5-seater high-performance premium electric SUV, in December 2018 and began deliveries in June 2019. It officially launched the EC6, a 5-seater smart premium electric Coupe SUV, in December 2019 with deliveries in 2020.\nNio sold 17,353 EVs in Q4/2020 and 43,728 for the year. It warned a shortage in chips and batteries will force a production slowdown to 7,500 a month in Q2 from 10,000 vehicles a month in February.\nNio currently trades at more than $43 per share, including a big jump recently, for a valuation of approximately $48 billion. It had revenue of $2.3 billion in 2019 for a loss of $3.8 billion.\nSummary\nIt's almost a foregone conclusion that EVs will replace ICE vehicles in the next decade, and this should provide exciting new investment opportunities. However, the investment terrain is complex. There are dozens of new start-ups where the public can now invest that were previously exclusively venture capital investment opportunities. Many of these are following different roads to success. There are legacy auto manufacturers that could prosper or get destroyed in this transition. There are some exciting new EV company opportunities in China. And then there is Tesla.\nThis EV roadmap is intended to help investors explore different roads to investment by explaining the basic strategies for these EV companies. These roads can have different opportunities and risks, and the roadmap helps to frame these. Above all, valuation is an overriding risk that is highlighted throughout this article.","news_type":1},"isVote":1,"tweetType":1,"viewCount":251,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325874031,"gmtCreate":1615890484823,"gmtModify":1704787998785,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"In it for the long run&nbsp;","listText":"In it for the long run&nbsp;","text":"In it for the long run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325874031","repostId":"1164075443","repostType":4,"repost":{"id":"1164075443","pubTimestamp":1615888789,"share":"https://ttm.financial/m/news/1164075443?lang=&edition=fundamental","pubTime":"2021-03-16 17:59","market":"us","language":"en","title":"3 Growth Stocks to Buy and Hold for the Next 10 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=1164075443","media":"Motley Fool","summary":"Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amaz","content":"<p>Patience is one of the most valuable traits for investing. Without it, you might invest in, say,<b>Amazon.com</b>(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around $400 per share three years later -- more than doubling your money but losing out on a lot, as the stock went on to surpass $3,000 per share.</p>\n<p>The trick to making big bucks in the stock market is generally just buying into great companies and hanging on to them for a long time, through ups and downs -- because great companies will recover from dips and go on to reach new highs. You do want to keep up with them, to make sure their prospects remain rosy, but otherwise there's little to do.</p>\n<p>Here are threegrowth stocksto consider for berths in your long-term portfolio. Each looks like it could reward shareholders well over the coming decade.</p>\n<p><b>1. Veeva Systems</b></p>\n<p>You may not have heard of<b>Veeva Systems</b>(NYSE:VEEV), but it's a sizable company, with a recent market value of $39 billion -- greater than that of<b>Twitter</b>,<b>Ford Motor Company</b>,<b>Hershey</b>, or<b>Southwest Airlines</b>. Veeva offers cloud-based technology and services that help companies bring new products and services to market while complying with industry regulations. This is especially useful in the pharmaceutical realm, where drugs in development must undergo rigorous rounds of clinical testing.</p>\n<p>Interestingly, Veeva recently became a \"Public Benefit Corporation,\" meaning that it's legally bound to consider the interests not only of shareholders in its decision-making and actions, but also of customers, employees, and other stakeholders. If you have any interest in socially responsible investing, this should please you.</p>\n<p>So how is its business actually doing? Well, its most recent fiscal year results featured total revenue up 33% year over year and net income up 26%. Management noted that \"Veeva ended the year with 993 customers, up from 861 the year prior.\" (That's a 15% jump.) Also: \"Subscription revenue retention was 124% for the year\" -- meaning that on average, customers not only stuck around, but spent more.</p>\n<p>With a recent price-to-earnings (P/E) ratio of 109,Veeva Systemsstock isn't cheap. But if you're planning to hold for at least 10 years, you're likely to come out OK. Or to be safer, add it to your watch list and hope for a pullback in price.</p>\n<p><b>2. Netflix</b></p>\n<p><b>Netflix</b>(NASDAQ:NFLX)needs little introduction as a widely used service and also as a stock. Over the past 19-some years, its shares have soared a total of 44,557% -- enough to turn a $1,000 investment into $446,287. That's an average annual growth rate of more than 38%! (For context, the overallstock market's average annual returnover long periods has been closer to 10%.)</p>\n<p>It's been one of the beststock marketperformers over the past decades. Netflix also serves as a terrific object lesson, showing how great companies can stumble and their stock can tank, and yet they can still recover and go on to great heights. In 2011, Netflix's CEO, Reed Hastings, saw that streaming video held much promise, so he announced plans to spin off Netflix's DVDs-by-mail business into one called \"Qwikster,\" while having Netflix focus on streaming. The plan was widely mocked or scoffed at, customers were upset at the thought of paying for two subscriptions instead of one, and the stock took a big hit. The plans were scrapped, and Netflix's business resumed growing.</p>\n<p>Today, it's a streaming behemoth, with a recent market value of $229 billion -- more valuable than<b>Nike</b>or<b>PepsiCo</b>. Inits last quarter, Netflix added more than 8 million new subscribers, bringing its total to more than 200 million. Its revenue for the quarter popped 21.5% year over year, and another bit of great news was that the company said it doesn't plan to take on debt in order to fund its operations anymore. In other words, it has plenty of cash coming in -- and expects to break even with cash flow in the coming year.</p>\n<p>Netflix's stock may look steeply priced, at a P/E ratio of 85 and a price-to-cash-flow ratio of 97, but both of those numbers are well below their five-year averages. For long-term investors, this seems a reasonable moment at which to buy shares. (If you're skeptical but you still like the company'slong-term prospects, consider buying just a small position in the company, to start.)</p>\n<p><img src=\"https://static.tigerbbs.com/69ffadbb9661b7557005ccfb309ceed9\" tg-width=\"700\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p>IMAGE SOURCE: GETTY IMAGES.</p>\n<p><b>3. Square</b></p>\n<p>Finally, there's<b>Square</b>(NYSE:SQ). You may know it as the company behind those little square credit card-readers attached to the smartphones some merchants use, but thefintech&nbsp;(financial technology) company is now about much more than that, as its recent $110 billion market capitalization suggests. (That price tag makes it more valued than<b>American Express</b>&nbsp;and<b>FedEx</b>.)</p>\n<p>Square has two main businesses at the moment -- its \"Seller\" division, which helps merchants process credit card transactions via various devices, and its newer (and faster-growing)Cash Appservice, which is much like<b>PayPal's</b>&nbsp;Venmo. It has banking features, such as direct deposit, and allows users to send and receive money -- and even to invest in stocks.</p>\n<p>Square has been challenged during the pandemic, as closed stores mean less business for it. But we're on our way to putting the pandemic behind us and fully opening our economy, and Square islikely to benefitfrom that. Meanwhile,the company is growing, boosting its active Cash App user base by 50% year over year in its last quarter. It has also entered the bitcoin world, with CEO Jack Dorsey noting on a recent company earnings call that \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"</p>\n<p>Square is arguably the most steeply priced of these three portfolio contenders, with a recent P/E ratio of 550. (Its forward-looking P/E, though, based on next year's expected earnings, is&nbsp;a slightly more palatable 192.) Again, if after more research you're very bullish on Square, you might buy some shares now -- or buy a smaller position now, or just add it to your watchlist in case it pulls back.</p>\n<p>If none of these companies have your interest sufficiently piqued, there are plenty of other fast-growing businesses to investigate and in which to possibly invest.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Growth Stocks to Buy and Hold for the Next 10 Years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Growth Stocks to Buy and Hold for the Next 10 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 17:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amazon.com(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VEEV":"Veeva Systems Inc.","SQ":"Block","NFLX":"奈飞"},"source_url":"https://www.fool.com/investing/2021/03/16/3-growth-stocks-to-buy-and-hold-for-the-next-10-ye/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164075443","content_text":"Patience is one of the most valuable traits for investing. Without it, you might invest in, say,Amazon.com(NASDAQ:AMZN)in 2010, when it's trading for around $180 per share, and then sell it for around $400 per share three years later -- more than doubling your money but losing out on a lot, as the stock went on to surpass $3,000 per share.\nThe trick to making big bucks in the stock market is generally just buying into great companies and hanging on to them for a long time, through ups and downs -- because great companies will recover from dips and go on to reach new highs. You do want to keep up with them, to make sure their prospects remain rosy, but otherwise there's little to do.\nHere are threegrowth stocksto consider for berths in your long-term portfolio. Each looks like it could reward shareholders well over the coming decade.\n1. Veeva Systems\nYou may not have heard ofVeeva Systems(NYSE:VEEV), but it's a sizable company, with a recent market value of $39 billion -- greater than that ofTwitter,Ford Motor Company,Hershey, orSouthwest Airlines. Veeva offers cloud-based technology and services that help companies bring new products and services to market while complying with industry regulations. This is especially useful in the pharmaceutical realm, where drugs in development must undergo rigorous rounds of clinical testing.\nInterestingly, Veeva recently became a \"Public Benefit Corporation,\" meaning that it's legally bound to consider the interests not only of shareholders in its decision-making and actions, but also of customers, employees, and other stakeholders. If you have any interest in socially responsible investing, this should please you.\nSo how is its business actually doing? Well, its most recent fiscal year results featured total revenue up 33% year over year and net income up 26%. Management noted that \"Veeva ended the year with 993 customers, up from 861 the year prior.\" (That's a 15% jump.) Also: \"Subscription revenue retention was 124% for the year\" -- meaning that on average, customers not only stuck around, but spent more.\nWith a recent price-to-earnings (P/E) ratio of 109,Veeva Systemsstock isn't cheap. But if you're planning to hold for at least 10 years, you're likely to come out OK. Or to be safer, add it to your watch list and hope for a pullback in price.\n2. Netflix\nNetflix(NASDAQ:NFLX)needs little introduction as a widely used service and also as a stock. Over the past 19-some years, its shares have soared a total of 44,557% -- enough to turn a $1,000 investment into $446,287. That's an average annual growth rate of more than 38%! (For context, the overallstock market's average annual returnover long periods has been closer to 10%.)\nIt's been one of the beststock marketperformers over the past decades. Netflix also serves as a terrific object lesson, showing how great companies can stumble and their stock can tank, and yet they can still recover and go on to great heights. In 2011, Netflix's CEO, Reed Hastings, saw that streaming video held much promise, so he announced plans to spin off Netflix's DVDs-by-mail business into one called \"Qwikster,\" while having Netflix focus on streaming. The plan was widely mocked or scoffed at, customers were upset at the thought of paying for two subscriptions instead of one, and the stock took a big hit. The plans were scrapped, and Netflix's business resumed growing.\nToday, it's a streaming behemoth, with a recent market value of $229 billion -- more valuable thanNikeorPepsiCo. Inits last quarter, Netflix added more than 8 million new subscribers, bringing its total to more than 200 million. Its revenue for the quarter popped 21.5% year over year, and another bit of great news was that the company said it doesn't plan to take on debt in order to fund its operations anymore. In other words, it has plenty of cash coming in -- and expects to break even with cash flow in the coming year.\nNetflix's stock may look steeply priced, at a P/E ratio of 85 and a price-to-cash-flow ratio of 97, but both of those numbers are well below their five-year averages. For long-term investors, this seems a reasonable moment at which to buy shares. (If you're skeptical but you still like the company'slong-term prospects, consider buying just a small position in the company, to start.)\n\nIMAGE SOURCE: GETTY IMAGES.\n3. Square\nFinally, there'sSquare(NYSE:SQ). You may know it as the company behind those little square credit card-readers attached to the smartphones some merchants use, but thefintech (financial technology) company is now about much more than that, as its recent $110 billion market capitalization suggests. (That price tag makes it more valued thanAmerican Express andFedEx.)\nSquare has two main businesses at the moment -- its \"Seller\" division, which helps merchants process credit card transactions via various devices, and its newer (and faster-growing)Cash Appservice, which is much likePayPal's Venmo. It has banking features, such as direct deposit, and allows users to send and receive money -- and even to invest in stocks.\nSquare has been challenged during the pandemic, as closed stores mean less business for it. But we're on our way to putting the pandemic behind us and fully opening our economy, and Square islikely to benefitfrom that. Meanwhile,the company is growing, boosting its active Cash App user base by 50% year over year in its last quarter. It has also entered the bitcoin world, with CEO Jack Dorsey noting on a recent company earnings call that \"We believe it has the highest probability of empowering more people in the economy in a fair way.\"\nSquare is arguably the most steeply priced of these three portfolio contenders, with a recent P/E ratio of 550. (Its forward-looking P/E, though, based on next year's expected earnings, is a slightly more palatable 192.) Again, if after more research you're very bullish on Square, you might buy some shares now -- or buy a smaller position now, or just add it to your watchlist in case it pulls back.\nIf none of these companies have your interest sufficiently piqued, there are plenty of other fast-growing businesses to investigate and in which to possibly invest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366202313,"gmtCreate":1614483298532,"gmtModify":1704771999273,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"NIO to the moon ?","listText":"NIO to the moon ?","text":"NIO to the moon ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/366202313","repostId":"1111681080","repostType":4,"repost":{"id":"1111681080","pubTimestamp":1614323230,"share":"https://ttm.financial/m/news/1111681080?lang=&edition=fundamental","pubTime":"2021-02-26 15:07","market":"us","language":"en","title":"Why NIO Stock Dropped Thursday","url":"https://stock-news.laohu8.com/highlight/detail?id=1111681080","media":"Motley Fool","summary":"Positive earnings from a Chinese EV peer hasn't helped stocks in the sector today.Many stocks in the electric-vehicle  sector are sinking today, and Chinese EV maker NIO is no exception. With its fourth-quarter and full-year 2020 earnings looming, shares dropped as much as 10% Thursday.Fellow ChineseEV maker Li Auto reported its fourth-quarter earnings today, but the results shouldn't be scaring investors in the sector. Li Auto reported a surprise profit for its fourth quarter, which could bode ","content":"<p>Positive earnings from a Chinese EV peer hasn't helped stocks in the sector today.</p>\n<p><b>What happened</b></p>\n<p>Many stocks in the electric-vehicle (EV) sector are sinking today, and Chinese EV maker&nbsp;NIO&nbsp;is no exception. With its fourth-quarter and full-year 2020 earnings looming, shares dropped as much as 10% Thursday.</p>\n<p><b>So what</b></p>\n<p>Fellow ChineseEV maker&nbsp;Li Auto&nbsp;reported its fourth-quarter earnings today, but the results shouldn't be scaring investors in the sector. Li Auto reported a surprise profit for its fourth quarter, which could bode well for what NIO has to say when it reports on Monday, March 1.</p>\n<p>But investors are knocking back stocks of these high fliers today after extended runs brought high valuations.</p>\n<p><b>Now what</b></p>\n<p>Li Auto reported a surprise positive net income of $16.5 million for its fourth quarter. While NIO competes with LI Auto, the companies offer slightly different products. Li's One SUV was designed to serve a specific niche in China. It includes a small gasoline engine onboard that can be used to recharge its batteries, allowing for longer travel between charging stations.</p>\n<p>NIO delivered 7,225 vehicles&nbsp;in January 2021 and 17,353 in its fourth quarter. These represented 352% and 111% year-over-year gains, respectively. NIO recently announced its first luxury sedan, the ET7, which will also have a new longer-range battery option.</p>\n<p>Including today's drop, shares have already fallen more than 20% from highs earlier this year. NIO's earnings on Monday could help soothe investor anxiety over the stock's high valuation. But for now, a correction remains under way.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why NIO Stock Dropped Thursday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy NIO Stock Dropped Thursday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 15:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/25/why-nio-stock-dropped-thursday/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Positive earnings from a Chinese EV peer hasn't helped stocks in the sector today.\nWhat happened\nMany stocks in the electric-vehicle (EV) sector are sinking today, and Chinese EV maker NIO is no ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/25/why-nio-stock-dropped-thursday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/02/25/why-nio-stock-dropped-thursday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111681080","content_text":"Positive earnings from a Chinese EV peer hasn't helped stocks in the sector today.\nWhat happened\nMany stocks in the electric-vehicle (EV) sector are sinking today, and Chinese EV maker NIO is no exception. With its fourth-quarter and full-year 2020 earnings looming, shares dropped as much as 10% Thursday.\nSo what\nFellow ChineseEV maker Li Auto reported its fourth-quarter earnings today, but the results shouldn't be scaring investors in the sector. Li Auto reported a surprise profit for its fourth quarter, which could bode well for what NIO has to say when it reports on Monday, March 1.\nBut investors are knocking back stocks of these high fliers today after extended runs brought high valuations.\nNow what\nLi Auto reported a surprise positive net income of $16.5 million for its fourth quarter. While NIO competes with LI Auto, the companies offer slightly different products. Li's One SUV was designed to serve a specific niche in China. It includes a small gasoline engine onboard that can be used to recharge its batteries, allowing for longer travel between charging stations.\nNIO delivered 7,225 vehicles in January 2021 and 17,353 in its fourth quarter. These represented 352% and 111% year-over-year gains, respectively. NIO recently announced its first luxury sedan, the ET7, which will also have a new longer-range battery option.\nIncluding today's drop, shares have already fallen more than 20% from highs earlier this year. NIO's earnings on Monday could help soothe investor anxiety over the stock's high valuation. But for now, a correction remains under way.","news_type":1},"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387186109,"gmtCreate":1613727846101,"gmtModify":1704884209733,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Go go EV!","listText":"Go go EV!","text":"Go go EV!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/387186109","repostId":"1151559124","repostType":4,"repost":{"id":"1151559124","pubTimestamp":1613719406,"share":"https://ttm.financial/m/news/1151559124?lang=&edition=fundamental","pubTime":"2021-02-19 15:23","market":"us","language":"en","title":"Baidu picks CEO for electric car firm, expects launch in 3 years","url":"https://stock-news.laohu8.com/highlight/detail?id=1151559124","media":"Seeking Alpha","summary":"Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car ","content":"<p>Baidu&nbsp;has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-<i>CNBC</i>.</p>\n<p>Xia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to anonymous source.</p>\n<p>Xia previously worked at Fiat Chrysler and Ford before he co-founded Mobike, which was eventually acquired by Meituan in 2018.</p>\n<p>Last month, Baidu and Geelyjoined forces to create intelligent EV company.</p>\n<p>Baidu’s push into electric vehicles is an attempt to diversify its business beyond just advertising.</p>\n<p>Recently, Baidu reported anothersolid quarter in Q4, with Core revenue reaching RMB 23.1B ($3.5B), which is up 6% Y/Y and up 8% Q/Q, with latter much higher than flattish or low single-digit growth from Q3.</p>\n<p>Non-advertising revenue was up 52%, reaching 18% of Baidu core revenue, driven by the convergence of AI solutions, cloud services and consumer Internet.</p>\n<p>On the earnings call, Robin Li revealed that Baidu’s electric car firm hopes to launch its first vehicle within three years.</p>\n<p>\"Right now, the venture is progressing very well. We have a CEO on board, and we have decided on the brand of the new vehicle,\"said Li in Q4 earnings call.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Baidu picks CEO for electric car firm, expects launch in 3 years</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\">\nBaidu picks CEO for electric car firm, expects launch in 3 years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 15:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-CNBC.\nXia Yiping, co-founder of Mobike, will be the...</p>\n\n<a href=\"https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度"},"source_url":"https://seekingalpha.com/news/3663807-baidu-picks-ceo-for-electric-car-firm-with-geely","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151559124","content_text":"Baidu has selected the co-founder of bike-sharing start-up Mobike to be the CEO of its electric car venture withChinese automaker Geely(OTCPK:GELYF)-CNBC.\nXia Yiping, co-founder of Mobike, will be the CEO of the new entity, according to anonymous source.\nXia previously worked at Fiat Chrysler and Ford before he co-founded Mobike, which was eventually acquired by Meituan in 2018.\nLast month, Baidu and Geelyjoined forces to create intelligent EV company.\nBaidu’s push into electric vehicles is an attempt to diversify its business beyond just advertising.\nRecently, Baidu reported anothersolid quarter in Q4, with Core revenue reaching RMB 23.1B ($3.5B), which is up 6% Y/Y and up 8% Q/Q, with latter much higher than flattish or low single-digit growth from Q3.\nNon-advertising revenue was up 52%, reaching 18% of Baidu core revenue, driven by the convergence of AI solutions, cloud services and consumer Internet.\nOn the earnings call, Robin Li revealed that Baidu’s electric car firm hopes to launch its first vehicle within three years.\n\"Right now, the venture is progressing very well. We have a CEO on board, and we have decided on the brand of the new vehicle,\"said Li in Q4 earnings call.","news_type":1},"isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385733253,"gmtCreate":1613575112772,"gmtModify":1704882319334,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"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/385733253","repostId":"1109567373","repostType":4,"repost":{"id":"1109567373","pubTimestamp":1613557874,"share":"https://ttm.financial/m/news/1109567373?lang=&edition=fundamental","pubTime":"2021-02-17 18:31","market":"us","language":"en","title":"PayPal Is Now Worth More Than Mastercard. Why It May Extend Its Lead.","url":"https://stock-news.laohu8.com/highlight/detail?id=1109567373","media":"Barrons","summary":"Investors can’t get enough of PayPal Holdings,pushing its market value past Mastercard‘s.\nShares of ","content":"<p>Investors can’t get enough of&nbsp;PayPal Holdings,pushing its market value past&nbsp;Mastercard‘s.</p>\n<p>Shares of PayPal (ticker: PYPL) have rocketed 31% this year, including a 2.7% gain on Tuesday, to around $306. PayPal’s market value is now $359 billion.Mastercard‘s equity, meanwhile, was worth $339 billion at recent prices around $341.</p>\n<p>Mastercard (MA) andVisa(V), the two major card-processing networks, have been hurt by a slowdown in payment volumes related to the pandemic, particularly in highly profitable cross-border transactions. Both stocks are down around 4% this year and are largely flat over the past 52 weeks.</p>\n<p>PayPal, on the other hand, got a lift as the pandemic sent shoppers online and fueled a surge in digital payments. The company is also developing new revenue streams, aiming to become a digital payments “super app,” expanding into everything from Bitcoin to in-store QR-codes, international money transfers, and new peer-to-peer (P2P) services.</p>\n<p>PayPal outlined its five-year strategy in a presentation to investors last week. And some analysts were clearly impressed. Lisa Ellis of MoffettNathanson raised her price target on the stock to $350, reflecting a variety of sources of growth.</p>\n<p>Just about every facet of the business may bepoisedto double over the next five years. PayPal expects to have 750 million active accounts by 2025, up from 377 million now. It sees total payments volume expanding at a 25% annualized rate, reaching $2.8 trillion by 2025.&nbsp; Revenues are expected to hit more than $50 billion, up from an estimated $25.6 billion this year.</p>\n<p>PayPal also expects to boost adjusted operating margins from 25% to 28%, and sees earnings per share rising an average 22% a year. It’s planning to generate $40 billion in free cash flow over the next five years, targeting 30% to 40% for share repurchases.</p>\n<p>As Ellis points out, PayPal has several stepping stones to hit those targets. One is a new service called Buy Now Pay Later, an interest-free installment plan for consumer purchases. The service is gaining traction, with $750 million of transaction volume in the fourth quarter.</p>\n<p>Anothergrowth driveris cryptocurrencies. PayPal users can now buy and store Bitcoin and other cryptocurrencies on its app. The company aims to allow crypto to be used as a funding source with the 28 million merchants on its platform, acting as a middleman between consumers and businesses. Bitcoinhit a record$50,000 on Tuesday, up 75% this year, and it appears to be driving greater usage of PayPal, which could ultimately lead to higher average revenue per customer.</p>\n<p>PayPal also aims to use its Venmo P2P service as a platform for consumer-to-business payments. And PayPal is making inroads with brick-and-mortar merchants through QR technology for contactless payments in stores.</p>\n<p>Does all of this warrant a higher market value and a steep premium to Mastercard stock? The card network is actually expected to lift revenue and profits at a faster pace in fiscal 2021, according to Ellis, growing revenue 21.7% versus 19% for PayPal. She also sees Mastercard’s earnings per share rising 33.3% versus 17.5% for PayPal’s.</p>\n<p>But the five-year outlook is clearly more favorable for PayPal, with revenue rising 21% a year, compared with 15% for Mastercard, and earnings compounding at a 22% rate, versus 17% for Mastercard.</p>\n<p>The question is whether PayPal’s valuation is getting too rich. At 67 times estimated 2021 per-share earnings, PayPal stock is trading nearly three times more expensive than the S&amp;P 500’s P/E ratio of 23 times earnings. Mastercard goes for 42 times 2021 earnings.</p>\n<p>Nonetheless, Wall Street can’t seem to catch up with PayPal’s fast-rising stock. The average target for the stock price is $309, less than 2% above the recent level.</p>\n<p>“You have to appreciate the earnings power in the model,” says Wedbush analyst Moshe Katri, who maintained a $300 target on the stock after the presentation last week. “The more they’re able to expand user engagement and get to point where users keep going back and using its products, the more the user fees can go up.”</p>\n<p>Whether that means the stock can keep climbing will depend on how quickly it can turn into the super-app that Wall Street has come to expect.</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>PayPal Is Now Worth More Than Mastercard. Why It May Extend Its Lead.</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\">\nPayPal Is Now Worth More Than Mastercard. Why It May Extend Its Lead.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 18:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/paypal-is-now-worth-more-than-mastercard-why-it-may-extend-its-lead-51613506791?mod=hp_DAY_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors can’t get enough of PayPal Holdings,pushing its market value past Mastercard‘s.\nShares of PayPal (ticker: PYPL) have rocketed 31% this year, including a 2.7% gain on Tuesday, to around $306....</p>\n\n<a href=\"https://www.barrons.com/articles/paypal-is-now-worth-more-than-mastercard-why-it-may-extend-its-lead-51613506791?mod=hp_DAY_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达","PYPL":"PayPal"},"source_url":"https://www.barrons.com/articles/paypal-is-now-worth-more-than-mastercard-why-it-may-extend-its-lead-51613506791?mod=hp_DAY_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109567373","content_text":"Investors can’t get enough of PayPal Holdings,pushing its market value past Mastercard‘s.\nShares of PayPal (ticker: PYPL) have rocketed 31% this year, including a 2.7% gain on Tuesday, to around $306. PayPal’s market value is now $359 billion.Mastercard‘s equity, meanwhile, was worth $339 billion at recent prices around $341.\nMastercard (MA) andVisa(V), the two major card-processing networks, have been hurt by a slowdown in payment volumes related to the pandemic, particularly in highly profitable cross-border transactions. Both stocks are down around 4% this year and are largely flat over the past 52 weeks.\nPayPal, on the other hand, got a lift as the pandemic sent shoppers online and fueled a surge in digital payments. The company is also developing new revenue streams, aiming to become a digital payments “super app,” expanding into everything from Bitcoin to in-store QR-codes, international money transfers, and new peer-to-peer (P2P) services.\nPayPal outlined its five-year strategy in a presentation to investors last week. And some analysts were clearly impressed. Lisa Ellis of MoffettNathanson raised her price target on the stock to $350, reflecting a variety of sources of growth.\nJust about every facet of the business may bepoisedto double over the next five years. PayPal expects to have 750 million active accounts by 2025, up from 377 million now. It sees total payments volume expanding at a 25% annualized rate, reaching $2.8 trillion by 2025.  Revenues are expected to hit more than $50 billion, up from an estimated $25.6 billion this year.\nPayPal also expects to boost adjusted operating margins from 25% to 28%, and sees earnings per share rising an average 22% a year. It’s planning to generate $40 billion in free cash flow over the next five years, targeting 30% to 40% for share repurchases.\nAs Ellis points out, PayPal has several stepping stones to hit those targets. One is a new service called Buy Now Pay Later, an interest-free installment plan for consumer purchases. The service is gaining traction, with $750 million of transaction volume in the fourth quarter.\nAnothergrowth driveris cryptocurrencies. PayPal users can now buy and store Bitcoin and other cryptocurrencies on its app. The company aims to allow crypto to be used as a funding source with the 28 million merchants on its platform, acting as a middleman between consumers and businesses. Bitcoinhit a record$50,000 on Tuesday, up 75% this year, and it appears to be driving greater usage of PayPal, which could ultimately lead to higher average revenue per customer.\nPayPal also aims to use its Venmo P2P service as a platform for consumer-to-business payments. And PayPal is making inroads with brick-and-mortar merchants through QR technology for contactless payments in stores.\nDoes all of this warrant a higher market value and a steep premium to Mastercard stock? The card network is actually expected to lift revenue and profits at a faster pace in fiscal 2021, according to Ellis, growing revenue 21.7% versus 19% for PayPal. She also sees Mastercard’s earnings per share rising 33.3% versus 17.5% for PayPal’s.\nBut the five-year outlook is clearly more favorable for PayPal, with revenue rising 21% a year, compared with 15% for Mastercard, and earnings compounding at a 22% rate, versus 17% for Mastercard.\nThe question is whether PayPal’s valuation is getting too rich. At 67 times estimated 2021 per-share earnings, PayPal stock is trading nearly three times more expensive than the S&P 500’s P/E ratio of 23 times earnings. Mastercard goes for 42 times 2021 earnings.\nNonetheless, Wall Street can’t seem to catch up with PayPal’s fast-rising stock. The average target for the stock price is $309, less than 2% above the recent level.\n“You have to appreciate the earnings power in the model,” says Wedbush analyst Moshe Katri, who maintained a $300 target on the stock after the presentation last week. “The more they’re able to expand user engagement and get to point where users keep going back and using its products, the more the user fees can go up.”\nWhether that means the stock can keep climbing will depend on how quickly it can turn into the super-app that Wall Street has come to expect.","news_type":1},"isVote":1,"tweetType":1,"viewCount":51,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":352192931,"gmtCreate":1616902901623,"gmtModify":1704799853037,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Let’s go TSLA","listText":"Let’s go TSLA","text":"Let’s go TSLA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/352192931","repostId":"1111192234","repostType":4,"repost":{"id":"1111192234","pubTimestamp":1616772179,"share":"https://ttm.financial/m/news/1111192234?lang=&edition=fundamental","pubTime":"2021-03-26 23:22","market":"us","language":"en","title":"Tesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1111192234","media":"Barrons","summary":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.Numbers will matter even more for richly valued, high-growth companies such as Tesla. Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors and Ford Motor have taken unexpected plant downtime recently and","content":"<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.</p>\n<p>Numbers will matter even more for richly valued, high-growth companies such as&nbsp;Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both&nbsp;General Motors(GM) and&nbsp;Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.</p>\n<p>Everyone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.</p>\n<p>So far the market isn’t feeling charitable. But the sample size is only one stock.</p>\n<p>NIO&nbsp;shares (NIO) are down more than 6% in Friday trading after the EV maker&nbsp;reduced guidance&nbsp;for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.</p>\n<p>For Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.</p>\n<p>Tesla delivered about 181,000 vehicles in the&nbsp;fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.</p>\n<p>RBC analyst&nbsp;Joe Spak&nbsp;is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting&nbsp;Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.</p>\n<p>Spak rates Tesla stock Hold and has a $725 price target for shares.</p>\n<p>In the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.</p>\n<p>Tesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The&nbsp;S&amp;P 500is up about 0.7%.</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 Deliveries Are Coming. They Matter More Than Ever. Here’s 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\">\nTesla Deliveries Are Coming. They Matter More Than Ever. Here’s What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-26 23:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3\">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-deliveries-are-coming-they-matter-more-than-ever-heres-what-to-expect-51616769819?mod=hp_DAY_Theme_1_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111192234","content_text":"The first quarter ends in just a few days. That means more delivery data from auto makers is due. For investors, the figures will be higher stakes than usual. The reason is simple: The global automotive microchip shortage is roiling the entire car business.\nNumbers will matter even more for richly valued, high-growth companies such as Tesla(ticker: TSLA). Tesla investors want growth, and the chip situation is squeezing growth. Both General Motors(GM) and Ford Motor(F) have taken unexpected plant downtime recently and have called the chip issue a billion-dollar profit headwind for 2021. That’s not what investors want to hear.\nEveryone is aware of the issue. Still, when first-quarter data is released, investors have to decide whether or not to give Tesla, or any other fast-growing EV maker, a pass if results are weaker than expected.\nSo far the market isn’t feeling charitable. But the sample size is only one stock.\nNIO shares (NIO) are down more than 6% in Friday trading after the EV maker reduced guidance for first-quarter deliveries from about 20,250 cars to about 19,500. NIO management cited the chip shortage and is shutting a manufacturing plant for five days starting March 29.\nFor Tesla, Wall Street is looking for about 162,000 vehicles delivered in March. That’s down from a peak estimate of about 183,000 vehicles. Analysts seem to be reducing numbers, possibly because of the shortage.\nTesla delivered about 181,000 vehicles in the fourth quarter. For the full year 2021, analysts are looking for almost 800,000 vehicle deliveries, up about 60% year over year.\nRBC analyst Joe Spak is forecasting 170,000 first-quarter deliveries, up more than 90% year over year. He also forecasts Tesla will make 96,000 cars in California and 74,000 cars in China during the quarter. “Consensus [estimate] looks mostly reasonable,” wrote Spak in a Thursday report. “We do look for updates to see how the semi shortage is impacting Tesla—as it has the rest of the industry.” He sees some additional downside risk to estimates, especially for second-quarter numbers, because of chips.\nSpak rates Tesla stock Hold and has a $725 price target for shares.\nIn the case of Tesla stock, the chip shortage has taken a back seat to rising interest rates. Rising rateshit growth stocksin two main ways. For starters, it makes growth more expensive to finance. NIO isn’t profitable yet. High-growth companies generate most of their cash flow far in the future. That cash flow is worth a little less, relatively speaking, when investors can earn higher interest rates on their cash today.\nTesla stock is down roughly 10% year to date after rising more than 740% in 2020. Shares are down 0.9% in early Friday trading, at $634.40. The S&P 500is up about 0.7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365500779,"gmtCreate":1614754138391,"gmtModify":1704774794749,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"NIO cars look sleek!","listText":"NIO cars look sleek!","text":"NIO cars look sleek!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/365500779","repostId":"1196245947","repostType":4,"repost":{"id":"1196245947","pubTimestamp":1614751653,"share":"https://ttm.financial/m/news/1196245947?lang=&edition=fundamental","pubTime":"2021-03-03 14:07","market":"us","language":"en","title":"Why some Chinese are buying local electric car brands like Nio — instead of Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1196245947","media":"CNBC","summary":"CNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why Chinese consumers bought electric cars from Tesla competitors Nio, Li Auto and Xpeng.Local government policy support for license plates and charging infrastructure is another factor.BEIJING — Chinese consumers thinking about whether to buyTesla’s electric cars or local alternatives have two things at the top of t","content":"<div>\n<p>KEY POINTSCNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/03/why-some-chinese-buy-local-electric-car-brands-nio-xpeng-and-not-tesla.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>Why some Chinese are buying local electric car brands like Nio — instead of Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy some Chinese are buying local electric car brands like Nio — instead of Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-03 14:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/03/why-some-chinese-buy-local-electric-car-brands-nio-xpeng-and-not-tesla.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSCNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/03/why-some-chinese-buy-local-electric-car-brands-nio-xpeng-and-not-tesla.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://www.cnbc.com/2021/03/03/why-some-chinese-buy-local-electric-car-brands-nio-xpeng-and-not-tesla.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1196245947","content_text":"KEY POINTSCNBC spoke to Chinese consumers who bought local electric cars instead of Tesla and found out what drove their purchase decisions: price and driving range.Here are some anecdotes on why Chinese consumers bought electric cars from Tesla competitors Nio, Li Auto and Xpeng.Local government policy support for license plates and charging infrastructure is another factor.BEIJING — Chinese consumers thinking about whether to buyTesla’s electric cars or local alternatives have two things at the top of their minds: price and driving range.That’s according to anecdotes gathered by CNBC — conversations from around the country that do not represent qualitative research. But the comments shed light on what some consumers care about in China, the world’s largest auto market.U.S.-listed Chinese car start-upsNio,XpengandLi Autosawdeliveries surgelast year despite a slump in the overall auto market and the coronavirus pandemic. Shares of the companies soared in 2020, but pulled back slightly this year.To be clear, Tesla is still the market leader for high-end electric vehicles in China. During a quick check at the start of the evening commute one day, CNBC found 11 Tesla cars passing by, along with two Nio SUVs, one from WM Motor and Xpeng’s latest P7 sedan.Here’s what some Chinese consumers say factored into their decision to buy a local electric car.Price competitivenessFirst, price was a major consideration.Chen Yingjie, 42, said he bought Li Auto’s Li One SUV in April 2020 for about 300,000 yuan ($46,000) after realizing it would cost him about twice as much to buy a similar car from Nio with all the specifications he wanted.Nio’s starting price is low, but there are many features that come at an additional cost, Chen said. The Shanghai resident had previously bought Xpeng’s G3 in 2019, and later aBYDelectric car for his father in June 2020.Part of Nio’s strategy is selling many car features via a subscription model. For example, the company launched a “battery as a service” plan last year that charges customers a monthly fee for battery power — similar to a regular fuel charge for a traditional gas-powered car.For Wang Jingyan, 29, he said Nio’s emphasis on customer care services was something he thought was worth paying extra for because it saved him time from going to a repair shop.Price was also a factor for him. Wang said he bought his Nio ES6 for about 450,000 yuan in late 2019 — his first electric car — after a recommendation from a manager at work and comparing it with a more expensive Lexus RX.He said he didn’t have a chance to try out Tesla’s Model 3 beforehand, but he didn’t have that good of an impression based on his friends’ experience and online stories about poor customer service at stores.Driving range concernsHow far the car could drive on a single battery charge was another important factor for Chinese consumers.Zhang Zhen, 41, lives in a cold part of northern China and was concerned about an electric car’s ability to have enough power to complete a driving trip while heating the vehicle. So last fall, his family bought a Li One, whichcomes with a fuel tankfor charging the battery.That fuel boosts Li One’s driving range from 180 kilometers (111 miles) to 800 kilometers (497 miles) on a single charge.Zhang said his wife primarily uses the car to send and pick up their children from school, a daily distance of about 10 kilometers (6.2 miles). The children also prefer his wife’s car to his non-electric car because they can watch cartoons on the vehicle’s built-in interior screen, Zhang said.But he’s found repairs more of a hassle than for a non-electric car, and said he wouldn’t consider buying another such vehicle in China’s northeastern region due to the lack of public charging infrastructure there.Government supportIn an effort to support the local development of electric vehicles, the Chinese government has launched subsidy programs and emphasized the build out of a national charging network.But compared with the U.S., the majority of cars in China do not have fixed parking spaces, making it difficult for many drivers to have regular access to battery charging stations, according to Mingming Huang, founding partner at Future Capital Discovery Fund, an investor in Li Auto.That’s why he expects range extension systems like the start-up offers may be the best option for China in the next five to 10 years. Li Auto’s Li One SUV comes with a fuel tank for charging the battery on the go.Finally, many Chinese drivers are choosing electric cars because of favorable government policy, such as programs that make it far quicker and cheaper to get license plates for the electric vehicles. Due to efforts to reduce congestion and pollution in Chinese cities, locals often need to wait years to buy expensive license plates for fuel-powered cars.After waiting almost a year in Hangzhou city for a fuel-powered car license plate, a 27-year-old, who requested anonymity, decided not to wait any longer after seeing an Xpeng G3 electric car during ashopping mall trip.The car fit her budget at about 180,000 yuan, after government subsidies, she said.On the streets of Beijing, where license plates are also difficult to get, the higher-end electric car maker Tesla is still a popular choice.","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365306373,"gmtCreate":1614695257392,"gmtModify":1704774132386,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Should we follow ARK?","listText":"Should we follow ARK?","text":"Should we follow ARK?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/365306373","repostId":"1157813248","repostType":4,"repost":{"id":"1157813248","pubTimestamp":1614687902,"share":"https://ttm.financial/m/news/1157813248?lang=&edition=fundamental","pubTime":"2021-03-02 20:25","market":"us","language":"en","title":"ARK Invest buys DraftKings, Tencent, Teladoc","url":"https://stock-news.laohu8.com/highlight/detail?id=1157813248","media":"seekingalpha","summary":"Cathie Wood's ARK Investment Management added to positions of DraftKings(NASDAQ:DKNG), Tencent Holdi","content":"<p>Cathie Wood's ARK Investment Management added to positions of DraftKings(NASDAQ:DKNG), Tencent Holdings(OTCPK:TCEHY)and Teladoc Health(NYSE:TDOC), among otherissues yesterday.</p><p>ARK bought 173,800 shares of DraftKings for the ARK Fintech Innovation ETF(NYSEARCA:ARKF). It now makes up 0.2539% of the fund.</p><p>It added 340,177 shares of Tencent to the ARK Next Generation Internet ETF(NYSEARCA:ARKW), bringing the position size up to 0.3617%.</p><p>And it bought 111,041 shares of Teladoc for the ARK Innovation ETF(NYSEARCA:ARKK), brining the position up to 0.1025%, and 88,691 shares for ARKW. It now makes up 0.2349% of that fund.</p><p>First Trust, is the latest firm jumping into the space, filing a preliminary prospectus with the U.S. Securities Exchange Commission for theFirst Trust Innovation Leaders ETF.</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>ARK Invest buys DraftKings, Tencent, Teladoc</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nARK Invest buys DraftKings, Tencent, Teladoc\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-02 20:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3668163-ark-invest-buys-draftkings-tencent-teladoc><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's ARK Investment Management added to positions of DraftKings(NASDAQ:DKNG), Tencent Holdings(OTCPK:TCEHY)and Teladoc Health(NYSE:TDOC), among otherissues yesterday.ARK bought 173,800 shares...</p>\n\n<a href=\"https://seekingalpha.com/news/3668163-ark-invest-buys-draftkings-tencent-teladoc\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TDOC":"Teladoc Health Inc.","DKNG":"DraftKings Inc.","00700":"腾讯控股"},"source_url":"https://seekingalpha.com/news/3668163-ark-invest-buys-draftkings-tencent-teladoc","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1157813248","content_text":"Cathie Wood's ARK Investment Management added to positions of DraftKings(NASDAQ:DKNG), Tencent Holdings(OTCPK:TCEHY)and Teladoc Health(NYSE:TDOC), among otherissues yesterday.ARK bought 173,800 shares of DraftKings for the ARK Fintech Innovation ETF(NYSEARCA:ARKF). It now makes up 0.2539% of the fund.It added 340,177 shares of Tencent to the ARK Next Generation Internet ETF(NYSEARCA:ARKW), bringing the position size up to 0.3617%.And it bought 111,041 shares of Teladoc for the ARK Innovation ETF(NYSEARCA:ARKK), brining the position up to 0.1025%, and 88,691 shares for ARKW. It now makes up 0.2349% of that fund.First Trust, is the latest firm jumping into the space, filing a preliminary prospectus with the U.S. Securities Exchange Commission for theFirst Trust Innovation Leaders ETF.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186547861,"gmtCreate":1623514684953,"gmtModify":1704205389218,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Good to note&nbsp;","listText":"Good to note&nbsp;","text":"Good to note","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/186547861","repostId":"2142788118","repostType":4,"repost":{"id":"2142788118","pubTimestamp":1623508200,"share":"https://ttm.financial/m/news/2142788118?lang=&edition=fundamental","pubTime":"2021-06-12 22:30","market":"us","language":"en","title":"4 High-Yield Dividend Stocks to Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=2142788118","media":"Motley Fool","summary":"You don't have to settle for tiny yields today.","content":"<p>As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the <b>S&amp;P 500</b>. That's a historically low rate -- mainly thanks to the huge rally that investors have seen in the past year.</p>\n<p>But many individual stocks are much more generous with their payouts. Let's look at a few attractive dividend-paying stocks that deliver at least twice the market's average yield. Read on to see why <b>PepsiCo</b> (NASDAQ:PEP), <b>Hasbro</b> (NASDAQ:HAS), <b><a href=\"https://laohu8.com/S/IBM\">IBM</a></b> (NYSE:IBM), and <b>Pfizer</b> (NYSE:PFE) all deserve a spot on your income watchlist.</p>\n<p><img src=\"https://static.tigerbbs.com/5b2429a52ab8ff262dc3392bb58e5ba2\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>1. PepsiCo</h3>\n<p>Pepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022. But income investors don't have to wait until then to own this diversified consumer foods giant.</p>\n<p>Pepsi's deep portfolio of snacks helped it post solid growth in 2020 despite pandemic-related demand slumps in the soda industry. Wall Street is worried about a modest profitability drop ahead as the company invests more in growth niches like energy drinks. But Pepsi is playing the long game, and cash it spends upgrading its supply chain should pay off for shareholders over time.</p>\n<h3>2. IBM</h3>\n<p>IBM boasts some attractive dividend metrics. It yields over 4%, and the IT giant has also raised its dividend in each of the last 25 years.</p>\n<p>There are some notable risks to be aware of, though. IBM is executing a spin-off right now that might threaten its overall payout. Sales growth has been hard to find recently, too, with revenue falling 2% in early 2021 after accounting for currency exchange shifts.</p>\n<p>Still, income investors will enjoy IBM's gushing cash flow and its large, stable business. You might be happy to collect an above-average dividend while waiting for big bets in areas like cloud services to deliver faster sales growth in the years to come.</p>\n<h3>3. Pfizer</h3>\n<p>Despite its central role in ending the COVID-19 pandemic, Pfizer stock has trailed the broader market over the past year. That situation has helped push its yield above 4%, though, in a welcome development for dividend fans.</p>\n<p>The biotech giant recently raised its growth outlook after sales jumped 42% in the first quarter. Besides its COVID-19 vaccine, which will require several more treatments over the next few years, other promising drugs include blood clot-fighting Eliquis, which grew sales by over 30% in early 2021.</p>\n<p>Sure, Pfizer isn't likely to see a repeat approaching anything close to the $26 billion it is expecting to book for the COVID-19 vaccine this year. But this dividend stock still has a lot to offer investors who want exposure to the biotech world.</p>\n<h3>4. Hasbro</h3>\n<p>There's plenty of room to grow in the toy niche -- if you're a dominant global player, that is. Hasbro has been cashing in on its leading position for years, through its mix of company-owned brands like Monopoly and Nerf and exclusive partnerships with giants like <b>Disney</b>. Growth in these areas allowed sales to rise 1% last quarter despite a 34% COVID-19-related slump in its TV division.</p>\n<p>Wall Street has acknowledged this good news by sending the stock higher over the past year. But investors can still get an almost 3% yield by owning its shares.</p>\n<p>In mid-2021, prices are rising for many things, including stocks. But investors can still find attractive businesses to own that also happen to pay generous dividends. That combination of growth and income is a powerful <a href=\"https://laohu8.com/S/AONE\">one</a> to support your portfolio up to retirement and beyond.</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>4 High-Yield Dividend Stocks to Watch</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\">\n4 High-Yield Dividend Stocks to Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. That's a historically low rate -- mainly thanks to the huge ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PFE":"辉瑞","03086":"华夏纳指","IBM":"IBM","HAS":"孩之宝","PEP":"百事可乐","09086":"华夏纳指-U"},"source_url":"https://www.fool.com/investing/2021/06/12/4-high-yield-dividend-stocks-to-watch/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2142788118","content_text":"As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. That's a historically low rate -- mainly thanks to the huge rally that investors have seen in the past year.\nBut many individual stocks are much more generous with their payouts. Let's look at a few attractive dividend-paying stocks that deliver at least twice the market's average yield. Read on to see why PepsiCo (NASDAQ:PEP), Hasbro (NASDAQ:HAS), IBM (NYSE:IBM), and Pfizer (NYSE:PFE) all deserve a spot on your income watchlist.\n\nImage source: Getty Images.\n1. PepsiCo\nPepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022. But income investors don't have to wait until then to own this diversified consumer foods giant.\nPepsi's deep portfolio of snacks helped it post solid growth in 2020 despite pandemic-related demand slumps in the soda industry. Wall Street is worried about a modest profitability drop ahead as the company invests more in growth niches like energy drinks. But Pepsi is playing the long game, and cash it spends upgrading its supply chain should pay off for shareholders over time.\n2. IBM\nIBM boasts some attractive dividend metrics. It yields over 4%, and the IT giant has also raised its dividend in each of the last 25 years.\nThere are some notable risks to be aware of, though. IBM is executing a spin-off right now that might threaten its overall payout. Sales growth has been hard to find recently, too, with revenue falling 2% in early 2021 after accounting for currency exchange shifts.\nStill, income investors will enjoy IBM's gushing cash flow and its large, stable business. You might be happy to collect an above-average dividend while waiting for big bets in areas like cloud services to deliver faster sales growth in the years to come.\n3. Pfizer\nDespite its central role in ending the COVID-19 pandemic, Pfizer stock has trailed the broader market over the past year. That situation has helped push its yield above 4%, though, in a welcome development for dividend fans.\nThe biotech giant recently raised its growth outlook after sales jumped 42% in the first quarter. Besides its COVID-19 vaccine, which will require several more treatments over the next few years, other promising drugs include blood clot-fighting Eliquis, which grew sales by over 30% in early 2021.\nSure, Pfizer isn't likely to see a repeat approaching anything close to the $26 billion it is expecting to book for the COVID-19 vaccine this year. But this dividend stock still has a lot to offer investors who want exposure to the biotech world.\n4. Hasbro\nThere's plenty of room to grow in the toy niche -- if you're a dominant global player, that is. Hasbro has been cashing in on its leading position for years, through its mix of company-owned brands like Monopoly and Nerf and exclusive partnerships with giants like Disney. Growth in these areas allowed sales to rise 1% last quarter despite a 34% COVID-19-related slump in its TV division.\nWall Street has acknowledged this good news by sending the stock higher over the past year. But investors can still get an almost 3% yield by owning its shares.\nIn mid-2021, prices are rising for many things, including stocks. But investors can still find attractive businesses to own that also happen to pay generous dividends. That combination of growth and income is a powerful one to support your portfolio up to retirement and beyond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320875268,"gmtCreate":1615086207554,"gmtModify":1704778555281,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Good to hear","listText":"Good to hear","text":"Good to hear","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/320875268","repostId":"1116017255","repostType":4,"repost":{"id":"1116017255","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614954925,"share":"https://ttm.financial/m/news/1116017255?lang=&edition=fundamental","pubTime":"2021-03-05 22:35","market":"us","language":"en","title":"U.S. Stocks open up, as strong jobs report boosts reopening optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=1116017255","media":"老虎资讯综合","summary":"(March 5) Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism abo","content":"<p>(March 5)&nbsp;Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.</p><p>The Dow up 0.93%, the S&amp;P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5a0f3bfa9164920f4899e3f22741e69\" tg-width=\"1242\" tg-height=\"572\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p>The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.</p><p>As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.</p><p>The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.</p><p>The economic reopening could&nbsp;“create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.</p><p>“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”</p><p>“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.</p><p>Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.</p><p>Tesla shares were off their lows in Friday premarket trading but still down 0.3%.</p><p>The S&amp;P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.</p><p>“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”</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. Stocks open up, as strong jobs report boosts reopening optimism</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. Stocks open up, as strong jobs report boosts reopening optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-05 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 5)&nbsp;Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.</p><p>The Dow up 0.93%, the S&amp;P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5a0f3bfa9164920f4899e3f22741e69\" tg-width=\"1242\" tg-height=\"572\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p>The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.</p><p>As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.</p><p>The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.</p><p>The economic reopening could&nbsp;“create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.</p><p>“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”</p><p>“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.</p><p>Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.</p><p>Tesla shares were off their lows in Friday premarket trading but still down 0.3%.</p><p>The S&amp;P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.</p><p>“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116017255","content_text":"(March 5) Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.The Dow up 0.93%, the S&P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.*Source From Tiger Trade, EST 09:30The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.The economic reopening could “create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.Tesla shares were off their lows in Friday premarket trading but still down 0.3%.The S&P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367841215,"gmtCreate":1614938479537,"gmtModify":1704777197152,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Brace yourselves&nbsp;","listText":"Brace yourselves&nbsp;","text":"Brace yourselves","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/367841215","repostId":"1181340207","repostType":4,"repost":{"id":"1181340207","pubTimestamp":1614934197,"share":"https://ttm.financial/m/news/1181340207?lang=&edition=fundamental","pubTime":"2021-03-05 16:49","market":"us","language":"en","title":"Stocks Slide With Futures Before Jobs; Yields Drop: Markets Wrap","url":"https://stock-news.laohu8.com/highlight/detail?id=1181340207","media":"Bloomberg","summary":" -- Stocks fell with American equity futures as investors await key U.S. jobs data at the end of a week in which fears of a growth break-out sparked volatility across markets. Treasuries rose and the dollar advanced.Europe’s Stoxx 600 index opened more than 1% lower, with every industry sector in the red. Equity futures in the U.S. slipped, with contracts on the tech-heavy Nasdaq 100 signaling more declines after a topsy-turvy week that erased this year’s gains. Ten-year Treasuries recovered, wi","content":"<p>(Bloomberg) -- Stocks fell with American equity futures as investors await key U.S. jobs data at the end of a week in which fears of a growth break-out sparked volatility across markets. Treasuries rose and the dollar advanced.</p><p>Europe’s Stoxx 600 index opened more than 1% lower, with every industry sector in the red. Equity futures in the U.S. slipped, with contracts on the tech-heavy Nasdaq 100 signaling more declines after a topsy-turvy week that erased this year’s gains. Ten-year Treasuries recovered, with their yields down two basis points to 1.54%.</p><p>Bond yields have climbed in recent weeks on mounting expectations of stronger economic growth and price pressure, with erratic moves unsettling stocks as well. The February U.S. employment report on Friday will give a much-needed update on the speed and direction of the country’s labor-market recovery.</p><p>“It makes logical and intuitive sense that Treasury yields should move back up to 1.50% or 2%, but we are concerned with the rest of the market about the speed at which it’s getting there,” said Mona Mahajan, investment strategist at Allianz Global Investors LLC.</p><p>Federal Reserve Chair Jerome Powell sounded a gentle word of caution to the bond market on Thursday that he’s watching the jump higher in long-term interest rates, but stopped well short of trying to rein them in.</p><p>Treasuries extended losses and inflation expectations reached new session highs as Powell spoke, with some traders disappointed that the Fed chair didn’t provide any specifics on what the central could possibly do to tamp down long-term rates if they desired.</p><p>Powell Sends Dovish Message That Leaves Bond Market Disappointed</p><p>Meanwhile, the U.S. Senate voted to take up a $1.9 trillion relief bill backed by President Joe Biden, setting off a debate expected to end this weekend with approval of the nation’s sixth stimulus since the pandemic-triggered lockdowns that began a year ago.</p><p>Elsewhere, oil prices leaped after the OPEC+ alliance surprised traders with its decision to keep output unchanged. Bitcoin fell with other risk assets.</p><p>Shares in London Stock Exchange Group Plc fell after it issued an upbeat outlook that contrasted with uncertainty about the impact of Brexit.</p><p>These are some of the main moves in markets:</p><p><b>Stocks</b></p><p>Futures on the S&amp;P 500 Index decreased 0.5% as of 8:33 a.m. London time.The Stoxx Europe 600 Index fell 1%.The MSCI Asia Pacific Index dipped 0.6%.The MSCI Emerging Market Index declined 0.7%.</p><p><b>Currencies</b></p><p>The Bloomberg Dollar Spot Index advanced 0.3%.The euro fell 0.3% to $1.1934.The British pound dipped 0.3% to $1.386.The onshore yuan weakened 0.1% to 6.476 per dollar.The Japanese yen weakened 0.3% to 108.35 per dollar.</p><p><b>Bonds</b></p><p>The yield on 10-year Treasuries declined two basis points to 1.54%.The yield on two-year Treasuries declined one basis point to 0.13%.Germany’s 10-year yield increased one basis point to -0.30%.Japan’s 10-year yield decreased four basis points to 0.096%.Britain’s 10-year yield advanced three basis points to 0.756%.</p><p><b>Commodities</b></p><p>West Texas Intermediate crude increased 1.2% to $64.62 a barrel.Brent crude gained 1.4% to $67.69 a barrel.Gold weakened 0.2% to $1,694.10 an ounce.</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>Stocks Slide With Futures Before Jobs; Yields Drop: Markets Wrap</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\">\nStocks Slide With Futures Before Jobs; Yields Drop: Markets Wrap\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 16:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/asia-stocks-headed-lower-bonds-232558632.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Stocks fell with American equity futures as investors await key U.S. jobs data at the end of a week in which fears of a growth break-out sparked volatility across markets. Treasuries ...</p>\n\n<a href=\"https://finance.yahoo.com/news/asia-stocks-headed-lower-bonds-232558632.html\">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://finance.yahoo.com/news/asia-stocks-headed-lower-bonds-232558632.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181340207","content_text":"(Bloomberg) -- Stocks fell with American equity futures as investors await key U.S. jobs data at the end of a week in which fears of a growth break-out sparked volatility across markets. Treasuries rose and the dollar advanced.Europe’s Stoxx 600 index opened more than 1% lower, with every industry sector in the red. Equity futures in the U.S. slipped, with contracts on the tech-heavy Nasdaq 100 signaling more declines after a topsy-turvy week that erased this year’s gains. Ten-year Treasuries recovered, with their yields down two basis points to 1.54%.Bond yields have climbed in recent weeks on mounting expectations of stronger economic growth and price pressure, with erratic moves unsettling stocks as well. The February U.S. employment report on Friday will give a much-needed update on the speed and direction of the country’s labor-market recovery.“It makes logical and intuitive sense that Treasury yields should move back up to 1.50% or 2%, but we are concerned with the rest of the market about the speed at which it’s getting there,” said Mona Mahajan, investment strategist at Allianz Global Investors LLC.Federal Reserve Chair Jerome Powell sounded a gentle word of caution to the bond market on Thursday that he’s watching the jump higher in long-term interest rates, but stopped well short of trying to rein them in.Treasuries extended losses and inflation expectations reached new session highs as Powell spoke, with some traders disappointed that the Fed chair didn’t provide any specifics on what the central could possibly do to tamp down long-term rates if they desired.Powell Sends Dovish Message That Leaves Bond Market DisappointedMeanwhile, the U.S. Senate voted to take up a $1.9 trillion relief bill backed by President Joe Biden, setting off a debate expected to end this weekend with approval of the nation’s sixth stimulus since the pandemic-triggered lockdowns that began a year ago.Elsewhere, oil prices leaped after the OPEC+ alliance surprised traders with its decision to keep output unchanged. Bitcoin fell with other risk assets.Shares in London Stock Exchange Group Plc fell after it issued an upbeat outlook that contrasted with uncertainty about the impact of Brexit.These are some of the main moves in markets:StocksFutures on the S&P 500 Index decreased 0.5% as of 8:33 a.m. London time.The Stoxx Europe 600 Index fell 1%.The MSCI Asia Pacific Index dipped 0.6%.The MSCI Emerging Market Index declined 0.7%.CurrenciesThe Bloomberg Dollar Spot Index advanced 0.3%.The euro fell 0.3% to $1.1934.The British pound dipped 0.3% to $1.386.The onshore yuan weakened 0.1% to 6.476 per dollar.The Japanese yen weakened 0.3% to 108.35 per dollar.BondsThe yield on 10-year Treasuries declined two basis points to 1.54%.The yield on two-year Treasuries declined one basis point to 0.13%.Germany’s 10-year yield increased one basis point to -0.30%.Japan’s 10-year yield decreased four basis points to 0.096%.Britain’s 10-year yield advanced three basis points to 0.756%.CommoditiesWest Texas Intermediate crude increased 1.2% to $64.62 a barrel.Brent crude gained 1.4% to $67.69 a barrel.Gold weakened 0.2% to $1,694.10 an ounce.","news_type":1},"isVote":1,"tweetType":1,"viewCount":14,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348537404,"gmtCreate":1617939718108,"gmtModify":1704705078403,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Penny stocks anyone?","listText":"Penny stocks anyone?","text":"Penny stocks anyone?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/348537404","repostId":"2126670406","repostType":4,"isVote":1,"tweetType":1,"viewCount":648,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349458081,"gmtCreate":1617633849743,"gmtModify":1704701186799,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"To the moon! ?","listText":"To the moon! ?","text":"To the moon! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/349458081","repostId":"2124279779","repostType":4,"isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340450654,"gmtCreate":1617459372278,"gmtModify":1704699840256,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"Go go ⚡️","listText":"Go go ⚡️","text":"Go go ⚡️","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/340450654","repostId":"2124875875","repostType":4,"repost":{"id":"2124875875","pubTimestamp":1617366960,"share":"https://ttm.financial/m/news/2124875875?lang=&edition=fundamental","pubTime":"2021-04-02 20:36","market":"us","language":"en","title":"Tesla Q1 2021 Vehicle Production & Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=2124875875","media":"StreetInsider","summary":"PALO ALTO, Calif., April 02, 2021  -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.Forward-Looking Statements Statements herein regarding the timin","content":"<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.</p>\n<table>\n <tbody>\n  <tr>\n   <td></td>\n   <td><b>Production</b></td>\n   <td><b>Deliveries</b></td>\n   <td><b>Subject to operating lease accounting</b></td>\n  </tr>\n  <tr>\n   <td>Model S/X</td>\n   <td>-</td>\n   <td>2,020</td>\n   <td>6%</td>\n  </tr>\n  <tr>\n   <td>Model 3/Y</td>\n   <td>180,338</td>\n   <td>182,780</td>\n   <td>7%</td>\n  </tr>\n  <tr>\n   <td><b>Total</b></td>\n   <td><b>180,338</b></td>\n   <td><b>184,800</b></td>\n   <td><b>7%</b></td>\n  </tr>\n </tbody>\n</table>\n<p>***************</p>\n<p>Our net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only <a href=\"https://laohu8.com/S/AONE\">one</a> measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.</p>\n<p><b>Forward-Looking Statements</b>&nbsp;Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.</p>\n<p><img src=\"https://static.tigerbbs.com/db04c7b378cb2db912c3ba8a5a774ee3\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c2196de8ba412c60c22ab491af7b1409\" tg-width=\"1\" tg-height=\"1\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Q1 2021 Vehicle Production & Deliveries</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 Q1 2021 Vehicle Production & Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-02 20:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18215929><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18215929\">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.streetinsider.com/dr/news.php?id=18215929","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124875875","content_text":"PALO ALTO, Calif., April 02, 2021 (GLOBE NEWSWIRE) -- In the first quarter, we produced just over 180,000 vehicles and delivered nearly 185,000 vehicles. We are encouraged by the strong reception of the Model Y in China and are quickly progressing to full production capacity. The new Model S and Model X have also been exceptionally well received, with the new equipment installed and tested in Q1 and we are in the early stages of ramping production.\n\n\n\n\nProduction\nDeliveries\nSubject to operating lease accounting\n\n\nModel S/X\n-\n2,020\n6%\n\n\nModel 3/Y\n180,338\n182,780\n7%\n\n\nTotal\n180,338\n184,800\n7%\n\n\n\n***************\nOur net income and cash flow results will be announced along with the rest of our financial performance when we announce Q1 earnings. Our delivery count should be viewed as slightly conservative, as we only count a car as delivered if it is transferred to the customer and all paperwork is correct. Final numbers could vary by up to 0.5% or more. Tesla vehicle deliveries represent only one measure of the company’s financial performance and should not be relied on as an indicator of quarterly financial results, which depend on a variety of factors, including the cost of sales, foreign exchange movements and mix of directly leased vehicles.\nForward-Looking Statements Statements herein regarding the timing and future progress of our vehicle production ramp are “forward-looking statements” based on management’s current expectations and that are subject to risks and uncertainties. Various important factors could cause actual results to differ materially, including the risks identified in our SEC filings. Tesla disclaims any obligation to update this information.","news_type":1},"isVote":1,"tweetType":1,"viewCount":806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":354293395,"gmtCreate":1617175417817,"gmtModify":1704696795498,"author":{"id":"3569909577058566","authorId":"3569909577058566","name":"TL3177","avatar":"https://static.itradeup.com/news/167084f58f99ce48219246e90fee66fd","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569909577058566","authorIdStr":"3569909577058566"},"themes":[],"htmlText":"That’s cool","listText":"That’s cool","text":"That’s cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/354293395","repostId":"1163996400","repostType":4,"repost":{"id":"1163996400","pubTimestamp":1617094880,"share":"https://ttm.financial/m/news/1163996400?lang=&edition=fundamental","pubTime":"2021-03-30 17:01","market":"us","language":"en","title":"Coursera: The Education Disruptor Goes Public","url":"https://stock-news.laohu8.com/highlight/detail?id=1163996400","media":"seekingalpha","summary":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic","content":"<p><b>Summary</b></p><ul><li>The company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.</li><li>It is operating in a huge addressable market that is likely to grow for the foreseeable future.</li><li>Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.</li><li>Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.</li><li>However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.</li></ul><p>Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.</p><p>Ng’sshareholder letter in the S-1articulated clearly just what the company is about:</p><blockquote>“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”</blockquote><p>The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).</p><p><b>Operating Results</b></p><p>The company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.</p><p>The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.</p><p>At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.</p><p><b>The Strategy and Market Opportunity</b></p><p>Coursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.</p><p>The platform offers a number of education tracks, for example:</p><ul><li>Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.</li><li>MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.</li><li>Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.</li><li>Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.</li></ul><p>In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).</p><p>The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.</p><p>A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.</p><p>Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.</p><p>The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.</p><p>In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.</p><p>The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.</p><p>Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.</p><p>With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.</p><p><b>Conclusion</b></p><p>Coursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.</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>Coursera: The Education Disruptor Goes Public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoursera: The Education Disruptor Goes Public\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-30 17:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future....</p>\n\n<a href=\"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/7cedd6cbf23bbe97eaec389fb0773ed6","relate_stocks":{"COUR":"Coursera, Inc."},"source_url":"https://seekingalpha.com/article/4413745-coursera-education-disruptor-goes-public","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163996400","content_text":"SummaryThe company is growing rapidly as a result of secular trends as well as the Covid-19 pandemic.It is operating in a huge addressable market that is likely to grow for the foreseeable future.Coursera enjoys many competitive advantages, among them a large, existing user base, price-to-cost advantages, and the ability to personalize content as a result of its trove of data.Given its scale, and competitive advantages, the company should win an outsized share of its market opportunity.However, because the company has not turned a profit, there is a chance that its stock may be too volatile in the near term. Buying when the company turns a profit is the safer bet.Coursera (COURS), the online learning platform founded in 2012 by former Stanford University computer science professors Daphne Koller and Andrew Ng, filed itsIPO prospectuswith the Securities and Exchange Commission (SEC). The Mountain View, California-based company offers individuals access to over 4,000 Massive Open Online Courses (MOOCs) from 200 educational institutions and corporations. The company also offers over two dozen degree programs at prices lower than what a learner would pay at a traditional, in-person institution. As the company grows its offering, it will be able to compete head-to-head with other “online program management” (OPM) providers, such as 2U(NASDAQ:TWOU), which is already publicly traded, and Noodle Partners.Ng’sshareholder letter in the S-1articulated clearly just what the company is about:“We believe that education is the source of human progress. In today’s economy in which the skills needed to succeed are rapidly evolving, education is becoming more important than ever. As automation and digital disruption are poised to replace unprecedented numbers of jobs worldwide, giving workers the opportunity to upskill and reskill will be crucial to raising global living standards and increasing social equity. Online education will play a critical role, enabling anyone, anywhere, to gain the valuable skills they need to earn a living in an increasingly digital economy.”The filing lists Morgan Stanley, Goldman Sachs and Citigroup as underwriters. The number of shares and the price range of the proposed offering are yet to be determined.According to PitchBook data, Coursera’s most recent valuation in the private markets was $2.5 billion. To date, the company has raised $464 million in venture capital, most recently,$130 million in a Series F roundlast July. Coursera’s biggest institutional shareholders are New Enterprise Associates (18.3% of company stock), G Squared (15.9%) and Kleiner Perkins (9.2%).Operating ResultsThe company earned $293 million in revenues for the fiscal year ended December 31, 2020, up 59% from 2019. Net losses widened by about $20 million year-on-year, reaching $66.8 million in 2020. Revenues shot up as a result of the Covid-19 pandemic’s effect on traditional education. In tandem with rising demand, operating costs associated with the company’s services rose, largely driven by the freemium content and marketing expenses. Coursera added over 12,000 new degree learners across the two years ended December 31, 2020 at an average acquisition cost of just below $2,000. The number of registered users rose by 65% year-on-year in 2020. Coursera’s accumulated deficit since its founding stood at $343.6 million as of December 31, 2020. The company does not expect to turn a profit in the foreseeable future.The company’sCoursera for Campus,launched in late 2019to enable colleges to offer its library of MOOCs to their students, has been a key driver of recent revenue growth. At the start of the pandemic, Coursera made the program free to tertiary institutions until Sept. 30, 2020. Over 4,000 tertiary institutions from across the world signed up for the program, which, according to the company’s S-1 filing, makes it, “one of our fastest growing offerings”. As of December 31, 2020, over 130 tertiary institutions were paying for it.At this point, it is hard to predict what the end of the pandemic would have on the company’s operating results.The Strategy and Market OpportunityCoursera is one of the most disruptive firms in the world. It has a flywheel approach to value creation, with significant price-to-cost advantages versus its competition. The company reported that about half of its new degree students in 2020 had been previously registered with Coursera and that its average student acquisition cost was less than $2,000. Its average student acquisition cost is lower than the industry standard. The edu-tech platform is able to efficiently acquire learners at scale because of the huge number of free, high-quality courses that it offers in partnership with top educational institutions and corporations; its ability to personalize content based on its wealth of data; the strength of word-of-mouth promotion by learners; the profitability of its affiliate paid marketing channel.The platform offers a number of education tracks, for example:Specializations: A learner can pay between $39 and $99 a month for job-specific content across over 500 categories.MasterTrack Certificates: For a quarter to a year, a learner can earn a certificate issued by a university-issued certificate. Prices range from $2,000 to $6,000.Bachelor’s or Master’s Degrees: Fees range from $9,000 to $45,000.Coursera for Enterprise: Through this platform, businesses, educational institutions and governments can deploy content to their learners.In response to the Covid-19 pandemic, Coursera partnered with over 330 government agencies across 30 U.S. states and cities and 70 countries as part of itsCoursera Workforce Recovery Initiative, which gave governments the chance to offer unemployed workers free access to thousands of business, data science, and technology courses from companies such as Amazon(NASDAQ:AMZN)and Google(NASDAQ:GOOG)(NASDAQ:GOOGL).The company has 77 million registered learners, as well as over 2,000 businesses (including 25% of Fortune 500 companies) and 100 government agencies who paid for its enterprise offerings. The majority of its revenue (51%) was earned outside of the United States. Converting only a fraction of its 77 million registered users into paid users would change the economics of customer acquisition. The company’s present scale is a huge competitive advantage in the market.A learner’s curriculum is designed to be “stackable”, which is to say that a learner can go through a domain in an incremental fashion. The company is able to leverage the huge volume of data it has accumulated from its over 220 million enrollments to personalize content. So, for example, Coursera’s Skills Graphs can suggest paths for job skills.Coursera uses technology to drive down distribution costs, make content more affordable, extend access to less economically-endowed regions, help learners keep abreast of emerging skills, and grow its market opportunity. The Covid-19 pandemic has only accelerated secular trends towards the use of technology in education.The size of the addressable market is massive and it’s easy to see why.An August 2020 study by the United Nationsdemonstrates the degree of disruption brought on by the Covid-19 pandemic: of the 1.6 billion students in 190 countries covered in the report, or 94% of the world’s students, were prevented from going to school because of Covid-19 pandemic related school closures.In 2017, the World Bank indicated thatof the 200 million college students in the world, many do not have job-specific skills.The Covid-19 pandemic and prior secular trends suggest that the future of education is in blended classrooms, job-specific education and continuous, lifelong education. Online learning platforms like Coursera will be the primary means through which educational content is delivered.Globally, spending on higher education in 2019 was $2.2 trillion,according to HolonIQ. Spending on online degrees was $36 billion and is predicted to reach $74 billion by 2025.With a huge, existing learner base; a strong brand; and the significant advantages detailed above, Coursera is likely to grab a significant amount of the market’s growth. Of thescenarios for the future of education, it seems that Coursera will continue to grow.ConclusionCoursera seems poised to meet the challenges of a changing education landscape. With its vast, existing user base, its flywheel model, its competitive advantages, and its existence in a huge and growing addressable market, the company is likely to do very well. The company’s value proposition is compelling. However, long run success does not equate to a good investment in the short run. An unprofitable company like Coursera is likely to be very volatile on the markets until it reaches profitability. It is better to wait for Coursera to turn a profit before investing in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}