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funky0612

funky0612

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2021-05-30

Tesla ???

Tesla shares dip on recall rumors

2021-02-22

Noted

Inflation Angst Is About to Rewrite the Stock Market Playbook

2021-02-18

Nice

Players in GameStop market drama make their case to lawmakers

2021-05-15

Wow

Opinion: Why any stock market rally right now will be quick

2021-04-12

Interesting

Alibaba says to lower entry barriers after record antitrust fine, shares rally

2021-03-23

Semicon!!!

Taiwan Semiconductor: High Ground Versus Low Ground

2021-05-18

?cool

Sorry, the original content has been removed

2021-04-07

Interesting

Sorry, the original content has been removed

2021-03-05

?

Sorry, the original content has been removed

2021-01-27

Shall I buy?

2021-05-27

Yes Palantir!!!

Buy Palantir Stock to Invest in the Real World Batman

2021-02-12

Well

Here's the formula for spotting genuinely undervalued companies, claims this investment house

2021-02-09

Noted

The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?

2021-05-26

Cool

Sorry, the original content has been removed

2021-04-07

Really ?

2 Growth Stocks to Buy Before the Pandemic Ends

2021-03-17

Wow

China shares end flat as market eyes Fed outcome, Sino-U.S. meeting

2021-03-09

??

2 More Reasons To Buy Apple Stock On The Dip

2021-03-04

Sell?!

Sorry, the original content has been removed

2021-02-24

Go go

Sorry, the original content has been removed

2021-02-22

Noted

Boeing recommends carriers halt some 777 flights pending FAA inspection guidance

Go to Tiger App to see more news

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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 shares dip on recall rumors</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 shares dip on recall rumors\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\">2021-05-28 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138765488","content_text":"May 28 (Reuters) - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"content":"please reply my top comment","text":"please reply my top comment","html":"please reply my top comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":132404975,"gmtCreate":1622104274097,"gmtModify":1704179534272,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Yes Palantir!!!","listText":"Yes Palantir!!!","text":"Yes Palantir!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132404975","repostId":"1156279615","repostType":4,"repost":{"id":"1156279615","kind":"news","pubTimestamp":1622102381,"share":"https://ttm.financial/m/news/1156279615?lang=&edition=fundamental","pubTime":"2021-05-27 15:59","market":"us","language":"en","title":"Buy Palantir Stock to Invest in the Real World Batman","url":"https://stock-news.laohu8.com/highlight/detail?id=1156279615","media":"investorplace","summary":"The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sur","content":"<p>The first time my team and I looked into<b>Palantir</b>(NYSE:<b><u>PLTR</u></b>) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The deeper we dug intoPalantir’sGotham and Foundry products, the more we discovered that, indeed, Palantir<i>is</i>building<b>Batman-like tech for governments and enterprises</b>.</p><p>No joke. It’s game-changing technology.</p><p>So game-changing, in fact, that we recently added PLTR stock to<i><b>Innovation Investor</b></i>— our megatrend portfolio chock full of the world’s most innovative companies.</p><p>Each of these companies are in the early stages of using disruptive technologies to fundamentally change the way we live — including how we eat, drink, play, work, and travel. The portfolio’s goal?Score investors 10X returns in the market’s most defining technological megatrends.</p><p>Unequivocally, Palantir belongs in our flagship<b><i>Innovation Investor</i></b>portfolio.</p><p>PLTR stock is world-changing company with enormous long-term upside. In fact, I don’t mince words when I say Palantir’s stock could be a 10X investment opportunity.</p><p>Let’s unpack this:</p><p>PLTR Stock: Fighting Crime the High-Tech Way</p><p>Whether it’s Tim Burton’s gothic version or Christopher Nolan’s seminal trilogy, every Batman film has one thing in common — Batman fights crime using super-high-tech software. With this, he can track, catch, and lock up the bad guys all before breakfast. Yes, it’s fiction. But Palantir is turning that fictional software into a reality.</p><p>The company’s Gotham platform enables government customers to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, to help those customers find what they are looking for — or, as Palantir puts it, find needles in thousands of haystacks.</p><p>To-date, this technology has helped the U.S. and allied military personnel plan, launch, and execute missions and operations critical to the safety and defense of democracy. That’s not a light lift. Palantir has developed the world’s only software platform capable of doing it — at a level no one else can replicate.</p><p>Soon enough, Palantir’s technology will become a ubiquity within allied nation military operations. And that’s a big deal, because allied governments have a lot of money.</p><p>Palantir estimates that its total addressable market in the government space is $63 billion.</p><p>Palantir’s market cap today is less than $40 billion. So, through government contract upside alone, PLTR stock has good potential.</p><p>Helping Businesses Improve Their Operations</p><p>But the real upside of PLTR stock comes from the company’s ability to sell its game-changing technology to commercial enterprises.</p><p>As it turns out, businesses also need to find needles in thousands of haystacks. The needles they’re looking for — and the haystacks in which they are looking — are different. But the practice is the same.</p><p>That’s why Foundry was born. Palantir is taking its game-changing technology designed for governments, and tailoring it to commercial enterprises.</p><p>Palantir is barely penetrating this market today, with the major obstacle to adoption being cost. But cost should come down over time, as the company leverages economies of scale in its government business to drive down platform and operations costs for its commercial solution. That’s the beauty of having these products operate side-by-side.</p><p>The addressable market here is equally as large. Based on Palantir’s estimates, the addressable market in the commercial world for its products is $56 billion.</p><p>So, when you add it all up, Palantir is developing game-changing technology that has the potential to disrupt $100+ billion in value.</p><p>Bottom Line on PLTR Stock</p><p>With Palantir stock, you have all the ingredients of a potentially huge long-term winner.</p><p>You have an innovative management team. You have a disruptive technology that’s impossible to replicate. And you have a huge addressable market that this disruptive technology will attack to unlock significant long-term economic value.</p><p>Plus, you have a highly scalable, highly profitable business model, and a great cash flow situation.</p><p>Those are the ingredients of a long-term winner. That’s why I love PLTR stock. And it’s why I added Palantir to my<i><b>Innovation Investor</b></i>portfolio — side by side with the world’s most innovative companies.</p><p>I’m biased, but I honestly believe it’s the best portfolio in the world for long-term investors. Especially those who want tolook past the market noiseand insteadinvest in the big trends reshaping our world.</p>","source":"lsy1606302653667","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>Buy Palantir Stock to Invest in the Real World Batman</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\">\nBuy Palantir Stock to Invest in the Real World Batman\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 15:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156279615","content_text":"The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The deeper we dug intoPalantir’sGotham and Foundry products, the more we discovered that, indeed, PalantirisbuildingBatman-like tech for governments and enterprises.No joke. It’s game-changing technology.So game-changing, in fact, that we recently added PLTR stock toInnovation Investor— our megatrend portfolio chock full of the world’s most innovative companies.Each of these companies are in the early stages of using disruptive technologies to fundamentally change the way we live — including how we eat, drink, play, work, and travel. The portfolio’s goal?Score investors 10X returns in the market’s most defining technological megatrends.Unequivocally, Palantir belongs in our flagshipInnovation Investorportfolio.PLTR stock is world-changing company with enormous long-term upside. In fact, I don’t mince words when I say Palantir’s stock could be a 10X investment opportunity.Let’s unpack this:PLTR Stock: Fighting Crime the High-Tech WayWhether it’s Tim Burton’s gothic version or Christopher Nolan’s seminal trilogy, every Batman film has one thing in common — Batman fights crime using super-high-tech software. With this, he can track, catch, and lock up the bad guys all before breakfast. Yes, it’s fiction. But Palantir is turning that fictional software into a reality.The company’s Gotham platform enables government customers to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, to help those customers find what they are looking for — or, as Palantir puts it, find needles in thousands of haystacks.To-date, this technology has helped the U.S. and allied military personnel plan, launch, and execute missions and operations critical to the safety and defense of democracy. That’s not a light lift. Palantir has developed the world’s only software platform capable of doing it — at a level no one else can replicate.Soon enough, Palantir’s technology will become a ubiquity within allied nation military operations. And that’s a big deal, because allied governments have a lot of money.Palantir estimates that its total addressable market in the government space is $63 billion.Palantir’s market cap today is less than $40 billion. So, through government contract upside alone, PLTR stock has good potential.Helping Businesses Improve Their OperationsBut the real upside of PLTR stock comes from the company’s ability to sell its game-changing technology to commercial enterprises.As it turns out, businesses also need to find needles in thousands of haystacks. The needles they’re looking for — and the haystacks in which they are looking — are different. But the practice is the same.That’s why Foundry was born. Palantir is taking its game-changing technology designed for governments, and tailoring it to commercial enterprises.Palantir is barely penetrating this market today, with the major obstacle to adoption being cost. But cost should come down over time, as the company leverages economies of scale in its government business to drive down platform and operations costs for its commercial solution. That’s the beauty of having these products operate side-by-side.The addressable market here is equally as large. Based on Palantir’s estimates, the addressable market in the commercial world for its products is $56 billion.So, when you add it all up, Palantir is developing game-changing technology that has the potential to disrupt $100+ billion in value.Bottom Line on PLTR StockWith Palantir stock, you have all the ingredients of a potentially huge long-term winner.You have an innovative management team. You have a disruptive technology that’s impossible to replicate. And you have a huge addressable market that this disruptive technology will attack to unlock significant long-term economic value.Plus, you have a highly scalable, highly profitable business model, and a great cash flow situation.Those are the ingredients of a long-term winner. That’s why I love PLTR stock. And it’s why I added Palantir to myInnovation Investorportfolio — side by side with the world’s most innovative companies.I’m biased, but I honestly believe it’s the best portfolio in the world for long-term investors. Especially those who want tolook past the market noiseand insteadinvest in the big trends reshaping our world.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136607068,"gmtCreate":1622011223854,"gmtModify":1704366027919,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136607068","repostId":"1130362459","repostType":4,"repost":{"id":"1130362459","kind":"news","pubTimestamp":1622000928,"share":"https://ttm.financial/m/news/1130362459?lang=&edition=fundamental","pubTime":"2021-05-26 11:48","market":"us","language":"en","title":"You Can Afford to Be Extremely Patient With Coinbase Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1130362459","media":"InvestorPlace","summary":"With Bitcoin crumbling, COIN will be deflated for a while.\n\nCathie Wood is thematriarch of Wall Stre","content":"<blockquote>\n <b>With Bitcoin crumbling, COIN will be deflated for a while.</b>\n</blockquote>\n<p>Cathie Wood is thematriarch of Wall Street. She delivers results for her clients while doing so in an ethical manner. Even if you’re not a money person, you got to respect Wood. Despite my reverence, though, I’ve got to question her decision to buy<b>Coinbase</b>(NASDAQ:<b><u>COIN</u></b>).</p>\n<p><img src=\"https://static.tigerbbs.com/f8c8b9616b33c8206aa3edc5c595e8ef\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Primakov / Shutterstock.com</p>\n<p>Yes, COIN stock is on discount but not all markdowns are worth considering.</p>\n<p>Let’s back up a step. Technically, I’m referring to Barron’s post on May 21, which revealed that Wood’s ARK Invest fund “snapped up more than 1.2 million additional shares, lifting its total holdings by more than 40% to 4.2 million shares.”</p>\n<p>Most of the shares went to the fund’s flagship<b>ARK Innovation ETF</b>(NYSEARCA:<b><u>ARKK</u></b>).</p>\n<p>On the surface, I can understand why Wood jumped on the Coinbase dip. After all, the Oracle of Omaha Warren Buffett once stated in part, “be fearful when others are greedy andgreedy only when others are fearful.”</p>\n<p>Well, I think we can safely say that there’s a lot of fear going on in the crypto space. Therefore, if we apply Buffett’s words literally, now is the perfect time to invest in Coinbase stock, but is it really?</p>\n<p>Take it from a cryptocurrency advocate and investor. I’ve gone through multiple boom-bust cycles with this temptress known as<b>Bitcoin</b>(CCC:<b><u>BTC-USD</u></b>).</p>\n<p>As I shared with the<i>InvestorPlace</i>audience,I’m mortgage-free because of cryptocurrencies, and now I’m on the cusp of being able to buy back the cryptocurrencies I used to pay off my house.</p>\n<p>Seriously, I should have had my own crypto research project. I could have told you when to get in and, more importantly, when to get out. Because that’s where the problem with cryptos and by logical deduction, Coinbase stock lies.</p>\n<p>Too many people gambled on fantasies rather than realities.</p>\n<p><b>Coinbase Is a Long-Term Investment That You Can Wait on</b></p>\n<p>Frankly, the online publishing industry is ill-suited for cryptocurrency coverage. Editorial staffs must schedule story assignments, submitted works must undergo an editing process and once everything looks kosher, the piece goes live.</p>\n<p>But the challenge here is by the time crypto-related content goes through this normal procedure, everything could have changed. Indeed, the narrative for Bitcoin took only an hour or so to spark the negativity that it did.</p>\n<p>That segues into another point about virtual currencies — you’ve got to stay agile. This is a sector that will humble as quickly as it crowns you a genius. Something like Coinbase stock is especially at risk because it’s an equity unit that follows traditional market rules, yet is inextricably tied to an unprecedented, decentralized platform.</p>\n<p>This leads me to one hard conclusion: Coinbase stock is a long-term investment. That doesn’t mean you should buy shares today.</p>\n<p>Given the extreme velocity of Bitcoin’s correction, we can reasonably surmise that it’s going through thetypical process of a bear market bust cycle. You can read about the various emotional ranges on the link provided but I don’t think that we’ve yet to reach capitulation. If we haven’t reached capitulation, the market has yet to find a bottom, not even close.</p>\n<p>While I don’t have proof, some compelling evidence suggests that market cycles work through natural sequences. One of the most powerful is the Fibonacci sequence. From Bitcoin’s peak price of approximately $64,529, here are the numbers to watch.</p>\n<ul>\n <li>8% retracement: $39,879</li>\n <li>50% retracement (an “unofficial” Fib level): $32,264</li>\n <li>2% retracement: $24,650</li>\n <li>6% retracement: $15,229</li>\n</ul>\n<p>Interestingly, when the<b>Nasdaq Composite</b>index hit a weekly average high of nearly 4,915 points during the euphoria of the 2000 tech bubble, it eventually found a bottom at just under 1,140 points, a 23.2% decline.</p>\n<p>Therefore, I see the bottom of Bitcoin at around $15,000, which means theoretically, Coinbase stock has much more to fall.</p>\n<p><b>You Got to Know the Game</b></p>\n<p>One of the unsavory elements of the crypto game is the proliferation of narrative frontrunners. When you hear talk about Bitcoin killing the central banks, the only thing you should do is run. Nothing is more dangerous than believing an idea that has no fundamental merit.</p>\n<p>Essentially, people got gamed. Personally, I thought that Bitcoin was going to $100,000 earlier this year, but when BTC struggled, that was when I had doubts. So I made sure to cash out a good chunk of my portfolio because I knew that no market is immune from the treachery of human emotions.</p>\n<p>As harsh as this correction is, it’s a lesson. Never believe that any asset is different, whether you’re talking Bitcoin, real estate or used car prices. Nothing can run up forever.</p>\n<p>But if you’re going to ignore this teaching moment, for goodness’ sake, don’t rush into Coinbase stock before performing due diligence. With the equity unit so tied to Bitcoin’s fortunes, this is not the time to bet the house on it.</p>\n<p><i>On the date of publication, Josh Enomoto&nbsp;held a LONG position in&nbsp;BTC.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.</i></p>","source":"lsy1606302653667","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>You Can Afford to Be Extremely Patient With Coinbase Stock</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou Can Afford to Be Extremely Patient With Coinbase Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/05/you-can-afford-patience-with-coinbase/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>With Bitcoin crumbling, COIN will be deflated for a while.\n\nCathie Wood is thematriarch of Wall Street. She delivers results for her clients while doing so in an ethical manner. Even if you’re not a ...</p>\n\n<a href=\"https://investorplace.com/2021/05/you-can-afford-patience-with-coinbase/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://investorplace.com/2021/05/you-can-afford-patience-with-coinbase/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130362459","content_text":"With Bitcoin crumbling, COIN will be deflated for a while.\n\nCathie Wood is thematriarch of Wall Street. She delivers results for her clients while doing so in an ethical manner. Even if you’re not a money person, you got to respect Wood. Despite my reverence, though, I’ve got to question her decision to buyCoinbase(NASDAQ:COIN).\nSource: Primakov / Shutterstock.com\nYes, COIN stock is on discount but not all markdowns are worth considering.\nLet’s back up a step. Technically, I’m referring to Barron’s post on May 21, which revealed that Wood’s ARK Invest fund “snapped up more than 1.2 million additional shares, lifting its total holdings by more than 40% to 4.2 million shares.”\nMost of the shares went to the fund’s flagshipARK Innovation ETF(NYSEARCA:ARKK).\nOn the surface, I can understand why Wood jumped on the Coinbase dip. After all, the Oracle of Omaha Warren Buffett once stated in part, “be fearful when others are greedy andgreedy only when others are fearful.”\nWell, I think we can safely say that there’s a lot of fear going on in the crypto space. Therefore, if we apply Buffett’s words literally, now is the perfect time to invest in Coinbase stock, but is it really?\nTake it from a cryptocurrency advocate and investor. I’ve gone through multiple boom-bust cycles with this temptress known asBitcoin(CCC:BTC-USD).\nAs I shared with theInvestorPlaceaudience,I’m mortgage-free because of cryptocurrencies, and now I’m on the cusp of being able to buy back the cryptocurrencies I used to pay off my house.\nSeriously, I should have had my own crypto research project. I could have told you when to get in and, more importantly, when to get out. Because that’s where the problem with cryptos and by logical deduction, Coinbase stock lies.\nToo many people gambled on fantasies rather than realities.\nCoinbase Is a Long-Term Investment That You Can Wait on\nFrankly, the online publishing industry is ill-suited for cryptocurrency coverage. Editorial staffs must schedule story assignments, submitted works must undergo an editing process and once everything looks kosher, the piece goes live.\nBut the challenge here is by the time crypto-related content goes through this normal procedure, everything could have changed. Indeed, the narrative for Bitcoin took only an hour or so to spark the negativity that it did.\nThat segues into another point about virtual currencies — you’ve got to stay agile. This is a sector that will humble as quickly as it crowns you a genius. Something like Coinbase stock is especially at risk because it’s an equity unit that follows traditional market rules, yet is inextricably tied to an unprecedented, decentralized platform.\nThis leads me to one hard conclusion: Coinbase stock is a long-term investment. That doesn’t mean you should buy shares today.\nGiven the extreme velocity of Bitcoin’s correction, we can reasonably surmise that it’s going through thetypical process of a bear market bust cycle. You can read about the various emotional ranges on the link provided but I don’t think that we’ve yet to reach capitulation. If we haven’t reached capitulation, the market has yet to find a bottom, not even close.\nWhile I don’t have proof, some compelling evidence suggests that market cycles work through natural sequences. One of the most powerful is the Fibonacci sequence. From Bitcoin’s peak price of approximately $64,529, here are the numbers to watch.\n\n8% retracement: $39,879\n50% retracement (an “unofficial” Fib level): $32,264\n2% retracement: $24,650\n6% retracement: $15,229\n\nInterestingly, when theNasdaq Compositeindex hit a weekly average high of nearly 4,915 points during the euphoria of the 2000 tech bubble, it eventually found a bottom at just under 1,140 points, a 23.2% decline.\nTherefore, I see the bottom of Bitcoin at around $15,000, which means theoretically, Coinbase stock has much more to fall.\nYou Got to Know the Game\nOne of the unsavory elements of the crypto game is the proliferation of narrative frontrunners. When you hear talk about Bitcoin killing the central banks, the only thing you should do is run. Nothing is more dangerous than believing an idea that has no fundamental merit.\nEssentially, people got gamed. Personally, I thought that Bitcoin was going to $100,000 earlier this year, but when BTC struggled, that was when I had doubts. So I made sure to cash out a good chunk of my portfolio because I knew that no market is immune from the treachery of human emotions.\nAs harsh as this correction is, it’s a lesson. Never believe that any asset is different, whether you’re talking Bitcoin, real estate or used car prices. Nothing can run up forever.\nBut if you’re going to ignore this teaching moment, for goodness’ sake, don’t rush into Coinbase stock before performing due diligence. With the equity unit so tied to Bitcoin’s fortunes, this is not the time to bet the house on it.\nOn the date of publication, Josh Enomoto held a LONG position in BTC. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195757467,"gmtCreate":1621320170059,"gmtModify":1704355725410,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"?cool","listText":"?cool","text":"?cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195757467","repostId":"2136963139","repostType":4,"repost":{"id":"2136963139","kind":"news","pubTimestamp":1621314360,"share":"https://ttm.financial/m/news/2136963139?lang=&edition=fundamental","pubTime":"2021-05-18 13:06","market":"us","language":"en","title":"Sogou Launched World's First AI Sign Language News Anchor","url":"https://stock-news.laohu8.com/highlight/detail?id=2136963139","media":"StreetInsider","summary":"BEIJING, May 18, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) (\"Sogou\" or \"the Company\"), an innovat","content":"<p>BEIJING, May 18, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) (\"Sogou\" or \"the Company\"), an innovator in search and a leader in China's internet industry, announced its launch of world's first AI sign language news anchor in Chinese at 2021 Sohu Tech 5G &amp; AI Conference held in Beijing on May 17th.</p><p><img src=\"https://mma.prnewswire.com/media/1512449/Xiao_Cong__the_world_s_first_AI_sign_language_news_anchor.jpg\" tg-width=\"400\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p><p>Due to complicated and unique sign language systems as well as the high cost to deliver, there has long been lacking products and services for the 27 million hearing impaired in China to easily obtain high quality information, news and entertainment services. Sogou has long been at the forefront of AI development and dedicated to offering products and services to better lives of all. Named as Xiao Cong, the world's first AI sign language news anchor aims to solve pain points of the hearing impaired who experience great inconvenience in interaction with the rest of the world.</p><p>Wang Xiaochuan, Sogou CEO, said, \"We are thrilled to bring the AI sign language news anchor to hearing impaired viewers. And we hope to help them communicate better and get more engaged with the society through our technological innovations.\"</p><p>Xiao Cong is the latest upgrade and a breakthrough of Sogou Vocational Avatar, iterated from the transformative 3D AI news anchor. It stands out with life-like digital effects, highly comprehensible and widely accepted mannerism of presenting the sign language. Based on Sogou's leading AI technologies such as 3D digital modeling, multi-modal recognition and synthesis, facial recognition and animation and transfer learning, Xiao Cong is able to intelligently imitate hand gestures, facial expressions, lip movements, and mannerism of the sign language system. In addition, with integration of the China Common Sign Language Dictionary, Xiao Cong can immediately generate sign language broadcast video with 85% accuracy rate. Thus effectively help the hearing impaired to overcome language obstacles and achieve effective information transmission.</p><p>As a 3D digital avatar, Xiao Cong can work tirelessly and be applied in various settings including news broadcasting, public services, special education and etc, empowering the hearing impaired in all aspects and making it possible for them to enjoy the dividend of digital development.</p><p>Sogou will give full play to its advantages as an innovative technology company. It will not only strive to deliver products and services to benefit people's livelihoods, but also join hands with industry partners for moving towards a better future society.</p><p><b>About Sogou</b></p><p>Sogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China's internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second-largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&amp;A, which have been successfully integrated into our products and services.</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>Sogou Launched World's First AI Sign Language News Anchor</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\">\nSogou Launched World's First AI Sign Language News Anchor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18435391><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING, May 18, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) (\"Sogou\" or \"the Company\"), an innovator in search and a leader in China's internet industry, announced its launch of world's first AI ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18435391\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOGO":"搜狗"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18435391","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136963139","content_text":"BEIJING, May 18, 2021 /PRNewswire/ -- Sogou Inc. (NYSE: SOGO) (\"Sogou\" or \"the Company\"), an innovator in search and a leader in China's internet industry, announced its launch of world's first AI sign language news anchor in Chinese at 2021 Sohu Tech 5G & AI Conference held in Beijing on May 17th.Due to complicated and unique sign language systems as well as the high cost to deliver, there has long been lacking products and services for the 27 million hearing impaired in China to easily obtain high quality information, news and entertainment services. Sogou has long been at the forefront of AI development and dedicated to offering products and services to better lives of all. Named as Xiao Cong, the world's first AI sign language news anchor aims to solve pain points of the hearing impaired who experience great inconvenience in interaction with the rest of the world.Wang Xiaochuan, Sogou CEO, said, \"We are thrilled to bring the AI sign language news anchor to hearing impaired viewers. And we hope to help them communicate better and get more engaged with the society through our technological innovations.\"Xiao Cong is the latest upgrade and a breakthrough of Sogou Vocational Avatar, iterated from the transformative 3D AI news anchor. It stands out with life-like digital effects, highly comprehensible and widely accepted mannerism of presenting the sign language. Based on Sogou's leading AI technologies such as 3D digital modeling, multi-modal recognition and synthesis, facial recognition and animation and transfer learning, Xiao Cong is able to intelligently imitate hand gestures, facial expressions, lip movements, and mannerism of the sign language system. In addition, with integration of the China Common Sign Language Dictionary, Xiao Cong can immediately generate sign language broadcast video with 85% accuracy rate. Thus effectively help the hearing impaired to overcome language obstacles and achieve effective information transmission.As a 3D digital avatar, Xiao Cong can work tirelessly and be applied in various settings including news broadcasting, public services, special education and etc, empowering the hearing impaired in all aspects and making it possible for them to enjoy the dividend of digital development.Sogou will give full play to its advantages as an innovative technology company. It will not only strive to deliver products and services to benefit people's livelihoods, but also join hands with industry partners for moving towards a better future society.About SogouSogou Inc. (NYSE: SOGO) is an innovator in search and a leader in China's internet industry. With a mission to make it easy to communicate and get information, Sogou has grown to become the second-largest search engine by mobile queries and the fourth largest internet company by MAU in China. Sogou has a wide range of innovative products and services, including the Sogou Input Method, which is the largest Chinese language input software for both mobile and PC. Sogou is also at the forefront of AI development and has made significant breakthroughs in voice and image technologies, machine translation, and Q&A, which have been successfully integrated into our products and services.","news_type":1},"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196667513,"gmtCreate":1621049893532,"gmtModify":1704352457828,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196667513","repostId":"1111018641","repostType":4,"repost":{"id":"1111018641","kind":"news","pubTimestamp":1621000588,"share":"https://ttm.financial/m/news/1111018641?lang=&edition=fundamental","pubTime":"2021-05-14 21:56","market":"us","language":"en","title":"Opinion: Why any stock market rally right now will be quick","url":"https://stock-news.laohu8.com/highlight/detail?id=1111018641","media":"MarketWatch","summary":"Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect th","content":"<blockquote>\n <b>Market-timers are running with the bulls but quick to turn bearish.</b>\n</blockquote>\n<p>Contrarian investors suspect that the stock market’s recent decline has run its course — for now.</p>\n<p>That’s because these market timers, especially those who focus on the NasdaqNDX,1.07%market in particular, have become sufficiently bearish that the short-term path of least resistance has turned up. Still, it’s not clear that any new rally will have much lasting power. An even more serious U.S. market decline cannot be ruled out over the coming couple of months.</p>\n<p>For now, the recent decline appears to have been quite modest by historical standards, smaller even than what satisfies the semi-official definition of a correction as a 10% decline. Before Thursday’s big rally, the Dow Jones Industrial AverageDJIA,0.85%had fallen around 1,200 points from its previous all-time high, or 3.4%. The S&amp;P 500SPX,0.98%was 4.0% below its high, and the Nasdaq CompositeCOMP,1.13%was down 7.8%.</p>\n<p>Consider how the Nasdaq-focused market timers reacted to these declines. As you can see from the chart below, their average recommended equity exposure (as represented by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI) fell to minus 10.7%. That means that the Nasdaq-focused market timers are now recommending that their clients allocate an average of 10.7% of their equity trading portfolios to going short. As recently as April 29, this average exposure level stood at plus 83.6%.</p>\n<p><img src=\"https://static.tigerbbs.com/d550f647619d600d419397967f7bb778\" tg-width=\"1260\" tg-height=\"928\"></p>\n<p>That reflects a remarkably quick rush for the exits — 94.3 percentage points in just 10 trading sessions. In fact, out of the 5,000+ trading days since 2000, there have been only 18 — 0.3% — in which the HNNSI’s decline over the trailing 10 days was greater.</p>\n<p>To appreciate the contrarian significance of this, consider that, on average following those past few occasions when the HNNSI declined by this much and this fast, the Nasdaq Composite was 5.3% higher in one month’s time.</p>\n<p>Why, then, haven’t the contrarians become more bullish? The answer is also evident in the chart: The HNNSI’s plunge over the past 10 days stopped well short of the excessive bearish zone, defined as being in the bottom 10% of the historical distribution. That zone is represented by the beige-shaded box at the bottom of the chart.</p>\n<p>The last time the HNNSI fell into that zone was in March 2020. That was when the market’s “wall of worry” became incredibly strong and was able to support an impressive rally. That wall today is not as strong.</p>\n<p>The sentiment picture that the recent data are painting shows the market timers to be trigger-happy. They are quick to jump on the bullish bandwagon when the market rallies, and then jump on the bearish bandwagon when the market declines. As a result, both rallies and declines tend to be short-lived.</p>\n<p>A longer-lasting rally will require more extreme bearishness among the market timers, and for them to stubbornly hold onto their bearishness in the wake of the rally’s initial liftoff. Except for that to happen, the market to itself most likely would have to suffer a worse decline than we’ve experienced in recent days. In the meantime, enjoy this rally — while it lasts.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opinion: Why any stock market rally right now will be quick</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\">\nOpinion: Why any stock market rally right now will be quick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect that the stock market’s recent decline has run its course — for now.\nThat’s because these market ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111018641","content_text":"Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect that the stock market’s recent decline has run its course — for now.\nThat’s because these market timers, especially those who focus on the NasdaqNDX,1.07%market in particular, have become sufficiently bearish that the short-term path of least resistance has turned up. Still, it’s not clear that any new rally will have much lasting power. An even more serious U.S. market decline cannot be ruled out over the coming couple of months.\nFor now, the recent decline appears to have been quite modest by historical standards, smaller even than what satisfies the semi-official definition of a correction as a 10% decline. Before Thursday’s big rally, the Dow Jones Industrial AverageDJIA,0.85%had fallen around 1,200 points from its previous all-time high, or 3.4%. The S&P 500SPX,0.98%was 4.0% below its high, and the Nasdaq CompositeCOMP,1.13%was down 7.8%.\nConsider how the Nasdaq-focused market timers reacted to these declines. As you can see from the chart below, their average recommended equity exposure (as represented by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI) fell to minus 10.7%. That means that the Nasdaq-focused market timers are now recommending that their clients allocate an average of 10.7% of their equity trading portfolios to going short. As recently as April 29, this average exposure level stood at plus 83.6%.\n\nThat reflects a remarkably quick rush for the exits — 94.3 percentage points in just 10 trading sessions. In fact, out of the 5,000+ trading days since 2000, there have been only 18 — 0.3% — in which the HNNSI’s decline over the trailing 10 days was greater.\nTo appreciate the contrarian significance of this, consider that, on average following those past few occasions when the HNNSI declined by this much and this fast, the Nasdaq Composite was 5.3% higher in one month’s time.\nWhy, then, haven’t the contrarians become more bullish? The answer is also evident in the chart: The HNNSI’s plunge over the past 10 days stopped well short of the excessive bearish zone, defined as being in the bottom 10% of the historical distribution. That zone is represented by the beige-shaded box at the bottom of the chart.\nThe last time the HNNSI fell into that zone was in March 2020. That was when the market’s “wall of worry” became incredibly strong and was able to support an impressive rally. That wall today is not as strong.\nThe sentiment picture that the recent data are painting shows the market timers to be trigger-happy. They are quick to jump on the bullish bandwagon when the market rallies, and then jump on the bearish bandwagon when the market declines. As a result, both rallies and declines tend to be short-lived.\nA longer-lasting rally will require more extreme bearishness among the market timers, and for them to stubbornly hold onto their bearishness in the wake of the rally’s initial liftoff. Except for that to happen, the market to itself most likely would have to suffer a worse decline than we’ve experienced in recent days. In the meantime, enjoy this rally — while it lasts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342170694,"gmtCreate":1618193541718,"gmtModify":1704707327913,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342170694","repostId":"1130321704","repostType":4,"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341126483,"gmtCreate":1617795741642,"gmtModify":1704703220646,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341126483","repostId":"1120726818","repostType":4,"repost":{"id":"1120726818","kind":"news","pubTimestamp":1617794844,"share":"https://ttm.financial/m/news/1120726818?lang=&edition=fundamental","pubTime":"2021-04-07 19:27","market":"us","language":"en","title":"Intel’s Latest Hail Mary Is a $20 Billion Bet on American Manufacturing","url":"https://stock-news.laohu8.com/highlight/detail?id=1120726818","media":"Bloomberg","summary":"The chipmaker helped create Silicon Valley—but cultural complacency and a missed mobile boom have le","content":"<p>The chipmaker helped create Silicon Valley—but cultural complacency and a missed mobile boom have left it far behind competitors.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a654bf1f9f74ee740e518c72cef71d3\" tg-width=\"1800\" tg-height=\"1200\"><span>ILLUSTRATION: ORI TOOR FOR BLOOMBERG BUSINESSWEEK</span></p>\n<p>The statement, conveyed as the third bullet point of a quarterly earnings&nbsp;release, was both mind-numbingly technical and inscrutably terse—almost to the point of meaninglessness for anyone who was not a professional investor or analyst. “Accelerating 10nm product transition,” it read, “7nm product transition delayed versus prior expectations.”</p>\n<p>To those who do make a living scrutinizing financial releases, this was disastrous. It meant that&nbsp;Intel Corp.&nbsp;was struggling to produce its latest and greatest chips. The company had promised it would be manufacturing chips with transistors that have dimensions as small as 7 nanometers, or 7 billionths of a meter, with2021as the most recent deadline. The smaller the transistors, the more you can cram together, which makes for faster or more efficient processors. The delay meant that Intel would be stuck selling an older generation of chips for another year.</p>\n<p>Intel has been a jewel of American manufacturing since the late 1960s, when Robert Noyce and&nbsp;Gordon Moore&nbsp;started the company in Mountain View, Calif., and in doing so helped create the modern chip industry and Silicon Valley itself. The company, now based in Santa Clara, has suffered delays in the past, but Intel’s engineers have always ensured each setback was short-lived.</p>\n<p>By July 2020 things had changed. During the conference call that followed the earnings release, Intel’s unassuming chief executive officer, Bob Swan, indicated that the company’s futuristic chip fabrication plants—“fabs”—might never be able to catch up. Instead the company was considering using contractors to build the 7nm chips. “To the extent that we need to use somebody else’s process technology, and we call those contingency plans, we will be prepared to do that,” Swan said in response to the first question from an analyst.</p>\n<p>His words were halting and coldly technical, but every analyst on the call heard this and thought the same thing: Holy crap. Swan’s suggestion was possibly the most radical thing to happen to Intel in its 52-year history. Intel had climbed to the top of the more than $400 billion-a-year chipmaking industry by designing sophisticated processors and mastering the complicated techniques needed to produce hundreds of millions of them to power the world’s computers—doing all that in-house.</p>\n<p>This technical prowess made Intel the leader in chips and a key part of the mythology of 20th century American capitalism. Yes, most electronics were made in factories in Asia, but that was low-margin, low-wage work that the U.S. didn’t want anyway. Intel’s American factories, on the other hand, made the most sophisticated, highest-margin components for those devices. Presidents Bill Clinton, George W. Bush, Barack Obama, and Donald Trump all visited Intel fabs, and “Intel Inside” was emblazoned on desktops and laptops the world over. During the 1990s, at the height of the company’s cultural cachet, Intel ran television commercials featuring clean-room workers in full Tyvek, disco dancing to Wild Cherry’s<i>Play That Funky Music</i>. The plan Swan suggested would repudiate that legacy and possibly damage the leadership of the U.S. in high-end manufacturing.</p>\n<p>Before Swan could follow through on the outsourcing plan, the company changed course again, replacing him with Pat Gelsinger, who’d been Intel’s chief technology officer and who was still very much a believer in its manufacturing prowess. In March he announced a plan to spend&nbsp;$20 billion on new U.S. factories&nbsp;that could make chips for other semiconductor companies that want to outsource their production. He presented this plan to make Intel into a contract manufacturer, or what’s known as a foundry, as a statement of his turnaround ambitions. “Intel is back,” Gelsinger told journalists. “The old Intel is the new Intel. We’re going to be leaders in the market, and we’re going to satisfy the new foundry customers, because the world needs more semiconductors, and we’re going to step into that gap in a powerful and meaningful way.”</p>\n<p><img src=\"https://static.tigerbbs.com/700ff0ae6ee135c2ac10d80a7a49b757\" tg-width=\"946\" tg-height=\"642\"></p>\n<p>Even today, even in its current diminished form—having lost the title of most valuable American chip company to&nbsp;Nvidia Corp., which designs graphics processors and outsources most of its manufacturing to Asia—Intel still controls about 80% of the computer processor market, with an even bigger share in servers, the powerful machines that run data centers. But Intel’s biggest customers, including&nbsp;Amazon.com,Apple, and&nbsp;Microsoft, have all begundesigning their own chipsand hiring outsourced manufacturers to make them. Intel rival&nbsp;Advanced Micro Devices (AMD) Inc., another so-called fabless chip company, has been selling 7nm components&nbsp;for months. That’s caused many to question whether, despite Gelsinger’s promises of a restoration, the company can recover from its production stumbles. “Progress on the manufacturing side has utterly come off the rails,” says JoAnne Feeney, a partner at&nbsp;Advisors Capital Management LLC&nbsp;and a longtime chip analyst.</p>\n<p>Intel’s predicament didn’t come about overnight. It’s been a consequence of a decade’s worth of missteps—including a&nbsp;failure&nbsp;to break into chips for smartphones—and cultural decay that blinded the company to&nbsp;serious shortcomings, according to more than two dozen current and former employees, most of whom asked not to be identified for fear of retribution or jeopardizing their job prospects. It’s also a function of global shifts that gave rise to Asian manufacturing giants such as&nbsp;Samsung Electronics Co.and&nbsp;Taiwan Semiconductor Manufacturing Co.These companies increasingly sit at the center of the industry, and it’s their chips that are increasingly finding their way “inside” the most advanced devices.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3ff1765d8a98ba1c31b55643fd8a6e68\" tg-width=\"2200\" tg-height=\"1761\"><span>Silicon Valley before Intel. Source: San Jose Public Library/California Room</span></p>\n<p>Although founders Moore and Noyce were among those who created the first semiconductors back when the San Francisco Peninsula was better known for its almond orchards than for its silicon products, the person at the center of Intel’s rise was Andy Grove. The Hungarian-born engineer was Moore and Noyce’s first hire and served as the company’s CEO from 1987 to 1998. Grove’s Intel, which would&nbsp;influence a generation’s worth of management thinking, prized discipline, intellectual honesty, and focus.</p>\n<p>Grove was famously demanding, introducing a “Late List,” which required employees who showed up for work after 8 a.m. to sign their name on a sheet of paper at the front desk, and a ranking system that placed all engineers in one of four performance categories. The ranking system, and many other of Grove’s techniques, would be adopted by almost every major tech company, and Grove’s approach to organizational discipline influenced bestselling business books such as&nbsp;<i>Radical Candor</i>&nbsp;and&nbsp;<i>Great by Choice</i>. In dealings with senior managers, he promoted “constructive confrontation,” what he saw as an unvarnished frankness designed to ensure that problems were brought to light and resolved efficiently. In Grove-speak, employees were supposed to “disagree and commit.”</p>\n<p>This approach could make meetings at Intel a bit hostile—employees furtively referred to the “Hungarian Inquisition”—but it also meant that Grove was willing to listen to critics. He courted junior-level naysayers (“Cassandras,” he called them)who learned to speak up about potential problems without fear of reprisal. “Mentoring with Andy Grove was like going to the dentist and not getting Novocain,” Gelsinger recalled in an interview in 2016, shortly after Grove’s death. He intended this as a compliment, praising Grove’s “aggressive pursuit of the right answer.”</p>\n<p>During Grove’s decade-long tenure, the most ambitious engineers competed for the distinction of being the CEO’s “technical assistant.” This role, which now exists at Amazon.com Inc. and Microsoft Corp., entailed menial tasks such as serving as the executive chauffeur and helping with Grove’s schedule, but it also involved writing presentations and standing in for the CEO in high-level meetings. Many technical assistants went on to senior positions at Intel or at its competitors. Former CEO Paul Otellini was a technical assistant to Grove.</p>\n<p>Part of the reason Grove’s approach was so influential is that it resulted in impressively consistent technical and financial progress, which was so reliable it eventually came to be seen as something close to a law of nature. Grove’s discipline ensured Intel chips became more powerful even as they became cheaper to make, in keeping with Moore’s law, which&nbsp;predicted the pace of chip improvements&nbsp;and was named after the company’s co-founder. Intel was one of the few American electronics makers to thrive in the 1980s and ’90s as Japan, South Korea, and Taiwan emerged as manufacturing powerhouses.</p>\n<p>Grove stayed on as chairman until 2005 and closely counseled company executives until his death, but even his formidable influence couldn’t prevent one of Intel’s biggest stumbles. In the mid-2000s, as Apple Inc. was preparing for the release of its new smartphone, Steve Jobs approached then-CEO Otellini about providing the chips for the iPhone. Intel already sold Apple the processors that ran its Macs. But Jobs made what Otellini considered a lowball offer, and Apple awarded the contract to Samsung. It later began designing the chips itself and eventually outsourced production to TSMC, a contract manufacturer in Taiwan that had been founded in 1987 and focused on catering to fabless semiconductor companies.</p>\n<p>Intel made other attempts to gain a toehold in chips for smartphones. It acquired the division of&nbsp;Infineon Technologies AG&nbsp;that made processors for mobile phones for $1.4 billion in 2011, but the division struggled under intense competition from&nbsp;Qualcomm Technologies Inc., the market leader. It tried paying customers, such as Korea’s&nbsp;LG Electronics Inc., to make devices based on its chips, though those never sold in significant volumes. Ultimately, according to several people with knowledge of Intel’s strategy and operations, the company was never willing to divert its production and design resources away from PC and server chips, and its mobile efforts suffered as a result. Intel not only forfeited billions of dollars in revenue, but it also gave its competitors an opening to gain the manufacturing expertise that comes from making chips at such high volume and to exacting specifications. There are far more mobile phones than PCs and servers in the world, and the chips that run them need to be energy efficient to preserve battery life. Landing Apple as a customer “became such a driver for TSMC,” says Risto Pahukka, president of VLSI Research Inc. “The combination turned out to be very fruitful and is staying that way.”</p>\n<p>In 2010, Otellini’s heir apparent, Sean Maloney, suffered a debilitating stroke, which was followed two years later by Otellini’s sudden announcement that he was retiring. His replacement was Brian Krzanich, a 53-year-old veteran of the company, but one who had not been steeped in Grove’s culture of relentless self-criticism. What Krzanich did have, according to people who worked with him, was an almost unshakable faith in Intel’s engineering acumen, especially the acumen of the division he’d previously run with another executive, the technology and manufacturing group, which was responsible for formulating each new chip-production process.</p>\n<p>In 2013, shortly after his appointment, Krzanich convened 250 of the chipmaker’s senior-most managers in a hotel conference room near Intel’s sprawling research and manufacturing campus in Hillsboro, Ore. For many in the room, it was the first opportunity to get a feel for what it would be like to work with him.</p>\n<p>Krzanich used the speech to set some new ground rules. Senior managers, who’d been trying to find ways to spend time with the new boss, were told to stop asking if they could join Krzanich on one of his regular jogs around campus. “I like to run alone,” attendees recall him saying. “And I don’t like people in general.” There was an awkward silence as the executives awaited a punch line that never came.</p>\n<p>Over his five-year tenure, Krzanich reversed Grove’s policy of embracing Cassandras. Instead he publicly humiliated executives with whom he disagreed, ignoring warnings that Intel was falling behind in its ability to manufacture key products. “Brian did not create an environment where people could bring him problems that could be worked on,” one former executive says. “Limiting the truth is death for a complex company like Intel.”</p>\n<p>In the review meetings that his predecessors had used as forums for debate, Krzanich answered emails, shopped online, or left to make phone calls, say people who worked for him. Colleagues say this was his way of showing those presenting that he wasn’t interested, had made up his mind already, or didn’t value what they were saying. When he did participate it was often to sneer at presenters or verbally abuse them, sometimes telling experts they had no idea what they were talking about, according to a dozen sources. Krzanich did not respond to repeated requests for comment.</p>\n<p>Krzanich reserved some of his harshest scorn for Aicha Evans, who ran Intel’s mobile business. One of thehighest-rankingBlack women in the chip industry, Evans joined Intel through the Infineon acquisition. She was tasked with shifting modem production to Intel’s plants from TSMC, which had manufactured mobile chips for Infineon, but concluded that the transition wouldn’t work. Intel’s fabs were designed for high-performance server and PC chips, not processors that had to get by on limited battery life. In a detailed three-hour presentation, she outlined her concerns to Krzanich, Chairman Andy Bryant, and 10 other top executives. Her presentation, according to people who were in attendance, was thorough and compelling. TSMC should continue to manufacture the modems, she insisted.</p>\n<p>But after she finished, Krzanich seemed not to have absorbed any of those specifics. Instead he raised his arm in the air and brought his fist down, pounding on the table. “F---ing shit, Aicha Evans,” he shouted. “You don’t understand Intel, and you don’t have any f---ing balls.”</p>\n<p>She glared at him. “You’re right,” she said.</p>\n<p>For a time it seemed that Krzanich’s confidence in Intel’s chipmaking strength was justified. In 2015 it became the first company to release a line of chips with&nbsp;14nm transistors, an improvement from the previous generation’s 22nm. But in early 2015 an engineer approached Krzanich with another warning: The company’s next generation of chips, which would be based on a 10nm process and which were due to be released in 2017, was already six months behind schedule.</p>\n<p>Krzanich responded just as he had to Evans, according to the engineer—with an expletive-laden tirade. The following year, two other engineers presented Krzanich with data showing an alarming trend in what’s known as the yield curve for the forthcoming chip. A metric known as the error rate, or the percentage of faulty chips in a given production run, was not improving quickly enough. Also, a competitor, TSMC, might release its 10nm chips first, they noted. According to several witnesses, Krzanich told them, in effect, that they didn’t know what they were talking about.</p>\n<p>The six-month delay would eventually expand to three years, and it wasn’t until 2020 that Intel released its 10nm chips. The lag caused&nbsp;Dell Technologies Inc., one of its biggest customers, to&nbsp;cut its full-year sales forecast&nbsp;by more than $1 billion. “Obviously we’re not extraordinarily happy with them right now,” said Dell Chief Financial Officer Tom Sweet at the time. In public statements, Krzanich continued to promise that the 7nm chips would arrive on time, a prediction that many inside the company already doubted.</p>\n<p><img src=\"https://static.tigerbbs.com/b64167237d1b3b20e187d335a723b3c4\" tg-width=\"944\" tg-height=\"548\"></p>\n<p>Intel forced out Krzanich in June 2018. The official reason was that he’d had&nbsp;an affair with a subordinate. But Intel had previously tolerated interoffice relationships among senior executives, and many executives speculated that the board had grown fed up with his performance and treatment of underlings.</p>\n<p>Evans, the head of the mobile business, outlasted Krzanich. (She left in 2019 and became CEO of&nbsp;Zoox, the&nbsp;driverless-car maker&nbsp;that was sold to Amazon last year.) But by the time Krzanich departed, many of Intel’s most senior executives had been forced out. These include former CFO Stacy Smith, who’d been in charge of operations; Kirk Skaugen, who ran the company’s main PC chip business; and Renee James, Intel’s president. Key engineering leaders had also left, such as Dadi Perlmutter, who was chief product officer; Rani Borkar, who was in charge of product development for some of Intel’s most important chips; and Rony Friedman, who led a microprocessor design team. Together they had 200 years of experience at Intel.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1ae75cdc2dc48c9e02bb7b17a3aaf502\" tg-width=\"1000\" tg-height=\"720\"><span>Krzanich in 2014.PHOTO: XINHUA/ZUMA PRESS</span></p>\n<p>The company’s plight isn’t exclusively a function of internal missteps. It also reflects the decades-long shift of manufacturing out of the U.S. to parts of the world that have undergone rapid industrialization and economic development, aided in part by government policies that encouraged an expansion of export production. One of the biggest beneficiaries of the change has been TSMC, based in Hsinchu, Taiwan, which pioneered outsourced manufacturing in chips. AMD, Intel’s longtime rival, uses TSMC, as do Nvidia, Qualcomm, Broadcom, and many of Intel’s biggest customers.Amazon Web Services&nbsp;designed an in-house server chip,Graviton, in 2018, which it used to replace some of Intel’s Xeon server chips. Amazon has since announced other chips, all of them made by TSMC.Google&nbsp;and Microsoft also have in-house chip programs.</p>\n<p>Even Intel’s status as the company that powers high-end personal computers seems to be in jeopardy. Apple has&nbsp;begun designing chips&nbsp;for Mac laptops and desktops and, in November, unveiled three new computers boasting a central processor that its own engineers designed and TSMC manufactured. Apple plans a series of chips that will be used in higher-end Macs to be released as soon as this year, according to people with knowledge of the matter.</p>\n<p>TSMC’s power has been made plain by a&nbsp;global shortage of chips&nbsp;that’s slowed auto manufacturing, with companies in Europe, Japan, and the U.S. all imploring TSMC to step up production. In February, President Joe Biden signed an&nbsp;executive order&nbsp;aimed at addressing the shortfall and lessening U.S. dependence on foreign countries. The semiconductor industry, meanwhile, has been pressing the federal government for tax breaks and other incentives to encourage domestic investments. That’s on top of efforts already made, under President Donald Trump, to slow Chinese advances in electronics and chipmaking. Declaring that Chinese companies pose a threat to U.S. national security, Trump’s White House&nbsp;blacklisted&nbsp;the big Shanghai-based chipmaker&nbsp;Semiconductor Manufacturing International Corp., along with&nbsp;Huawei Technologies,ZTE, and other Chinese companies, denying them access to U.S. software and semiconductor designs.</p>\n<p>This move may help Intel in the long run, but the immediate job of fixing the company lies squarely with Gelsinger and the team he assembles. Even before he formally started, Gelsinger began recruiting Intel executives who’d left under Krzanich. Sunil Shenoy, who departed in 2014, rejoined as a senior vice president of the group in charge of design engineering, and Glenn Hinton, who previously led the development of a key chip design, also returned.</p>\n<p>On his first day, Gelsinger invoked the memory of Noyce, Moore, and Grove, reminding the staff in a memo that he was “inspired by the leadership” of Intel’s founders. A few weeks earlier, in January, as he addressed Wall Street on a conference call, Gelsinger recalled a period in the 2000s when Intel lost, and then regained, market share in the server-chip market. “Great companies are able to come back from periods of difficulty and challenge, and they come back stronger, better, and more capable than ever,” he&nbsp;said.</p>\n<p>Gelsinger followed that assertion in March with his pledge to build new factories and break into the foundry business. But to succeed, Intel will need to rectify its manufacturing snags, get new fabs up and running—a feat that can take years—and, ultimately, figure out a way to balance the demands of a new set of customers with the already massive needs of its existing ones.</p>\n<p>TSMC has a more than three-decade head start as a foundry. It’s been producing 7nm chips since 2018, and Apple began making 5nm processors last year. Gelsinger’s determination to have Intel regain its position of leadership is underlined by its $20 billion bet on the foundry business. But the company’s plan to increase its capital expenditures by about 35% in 2021 puts it almost $10 billion behind what&nbsp;TSMC will spend this year. Money alone won’t bring back the old Intel.</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>Intel’s Latest Hail Mary Is a $20 Billion Bet on American Manufacturing</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\">\nIntel’s Latest Hail Mary Is a $20 Billion Bet on American Manufacturing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-07 19:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/features/2021-04-07/how-intel-intc-missed-the-mobile-revolution-and-fell-behind?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The chipmaker helped create Silicon Valley—but cultural complacency and a missed mobile boom have left it far behind competitors.\nILLUSTRATION: ORI TOOR FOR BLOOMBERG BUSINESSWEEK\nThe statement, ...</p>\n\n<a href=\"http://bloomberg.com/news/features/2021-04-07/how-intel-intc-missed-the-mobile-revolution-and-fell-behind?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"688981":"中芯国际","INTC":"英特尔","AMD":"美国超微公司","00981":"中芯国际","SSNLF":"三星电子","QCOM":"高通","TSM":"台积电"},"source_url":"http://bloomberg.com/news/features/2021-04-07/how-intel-intc-missed-the-mobile-revolution-and-fell-behind?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120726818","content_text":"The chipmaker helped create Silicon Valley—but cultural complacency and a missed mobile boom have left it far behind competitors.\nILLUSTRATION: ORI TOOR FOR BLOOMBERG BUSINESSWEEK\nThe statement, conveyed as the third bullet point of a quarterly earnings release, was both mind-numbingly technical and inscrutably terse—almost to the point of meaninglessness for anyone who was not a professional investor or analyst. “Accelerating 10nm product transition,” it read, “7nm product transition delayed versus prior expectations.”\nTo those who do make a living scrutinizing financial releases, this was disastrous. It meant that Intel Corp. was struggling to produce its latest and greatest chips. The company had promised it would be manufacturing chips with transistors that have dimensions as small as 7 nanometers, or 7 billionths of a meter, with2021as the most recent deadline. The smaller the transistors, the more you can cram together, which makes for faster or more efficient processors. The delay meant that Intel would be stuck selling an older generation of chips for another year.\nIntel has been a jewel of American manufacturing since the late 1960s, when Robert Noyce and Gordon Moore started the company in Mountain View, Calif., and in doing so helped create the modern chip industry and Silicon Valley itself. The company, now based in Santa Clara, has suffered delays in the past, but Intel’s engineers have always ensured each setback was short-lived.\nBy July 2020 things had changed. During the conference call that followed the earnings release, Intel’s unassuming chief executive officer, Bob Swan, indicated that the company’s futuristic chip fabrication plants—“fabs”—might never be able to catch up. Instead the company was considering using contractors to build the 7nm chips. “To the extent that we need to use somebody else’s process technology, and we call those contingency plans, we will be prepared to do that,” Swan said in response to the first question from an analyst.\nHis words were halting and coldly technical, but every analyst on the call heard this and thought the same thing: Holy crap. Swan’s suggestion was possibly the most radical thing to happen to Intel in its 52-year history. Intel had climbed to the top of the more than $400 billion-a-year chipmaking industry by designing sophisticated processors and mastering the complicated techniques needed to produce hundreds of millions of them to power the world’s computers—doing all that in-house.\nThis technical prowess made Intel the leader in chips and a key part of the mythology of 20th century American capitalism. Yes, most electronics were made in factories in Asia, but that was low-margin, low-wage work that the U.S. didn’t want anyway. Intel’s American factories, on the other hand, made the most sophisticated, highest-margin components for those devices. Presidents Bill Clinton, George W. Bush, Barack Obama, and Donald Trump all visited Intel fabs, and “Intel Inside” was emblazoned on desktops and laptops the world over. During the 1990s, at the height of the company’s cultural cachet, Intel ran television commercials featuring clean-room workers in full Tyvek, disco dancing to Wild Cherry’sPlay That Funky Music. The plan Swan suggested would repudiate that legacy and possibly damage the leadership of the U.S. in high-end manufacturing.\nBefore Swan could follow through on the outsourcing plan, the company changed course again, replacing him with Pat Gelsinger, who’d been Intel’s chief technology officer and who was still very much a believer in its manufacturing prowess. In March he announced a plan to spend $20 billion on new U.S. factories that could make chips for other semiconductor companies that want to outsource their production. He presented this plan to make Intel into a contract manufacturer, or what’s known as a foundry, as a statement of his turnaround ambitions. “Intel is back,” Gelsinger told journalists. “The old Intel is the new Intel. We’re going to be leaders in the market, and we’re going to satisfy the new foundry customers, because the world needs more semiconductors, and we’re going to step into that gap in a powerful and meaningful way.”\n\nEven today, even in its current diminished form—having lost the title of most valuable American chip company to Nvidia Corp., which designs graphics processors and outsources most of its manufacturing to Asia—Intel still controls about 80% of the computer processor market, with an even bigger share in servers, the powerful machines that run data centers. But Intel’s biggest customers, including Amazon.com,Apple, and Microsoft, have all begundesigning their own chipsand hiring outsourced manufacturers to make them. Intel rival Advanced Micro Devices (AMD) Inc., another so-called fabless chip company, has been selling 7nm components for months. That’s caused many to question whether, despite Gelsinger’s promises of a restoration, the company can recover from its production stumbles. “Progress on the manufacturing side has utterly come off the rails,” says JoAnne Feeney, a partner at Advisors Capital Management LLC and a longtime chip analyst.\nIntel’s predicament didn’t come about overnight. It’s been a consequence of a decade’s worth of missteps—including a failure to break into chips for smartphones—and cultural decay that blinded the company to serious shortcomings, according to more than two dozen current and former employees, most of whom asked not to be identified for fear of retribution or jeopardizing their job prospects. It’s also a function of global shifts that gave rise to Asian manufacturing giants such as Samsung Electronics Co.and Taiwan Semiconductor Manufacturing Co.These companies increasingly sit at the center of the industry, and it’s their chips that are increasingly finding their way “inside” the most advanced devices.\nSilicon Valley before Intel. Source: San Jose Public Library/California Room\nAlthough founders Moore and Noyce were among those who created the first semiconductors back when the San Francisco Peninsula was better known for its almond orchards than for its silicon products, the person at the center of Intel’s rise was Andy Grove. The Hungarian-born engineer was Moore and Noyce’s first hire and served as the company’s CEO from 1987 to 1998. Grove’s Intel, which would influence a generation’s worth of management thinking, prized discipline, intellectual honesty, and focus.\nGrove was famously demanding, introducing a “Late List,” which required employees who showed up for work after 8 a.m. to sign their name on a sheet of paper at the front desk, and a ranking system that placed all engineers in one of four performance categories. The ranking system, and many other of Grove’s techniques, would be adopted by almost every major tech company, and Grove’s approach to organizational discipline influenced bestselling business books such as Radical Candor and Great by Choice. In dealings with senior managers, he promoted “constructive confrontation,” what he saw as an unvarnished frankness designed to ensure that problems were brought to light and resolved efficiently. In Grove-speak, employees were supposed to “disagree and commit.”\nThis approach could make meetings at Intel a bit hostile—employees furtively referred to the “Hungarian Inquisition”—but it also meant that Grove was willing to listen to critics. He courted junior-level naysayers (“Cassandras,” he called them)who learned to speak up about potential problems without fear of reprisal. “Mentoring with Andy Grove was like going to the dentist and not getting Novocain,” Gelsinger recalled in an interview in 2016, shortly after Grove’s death. He intended this as a compliment, praising Grove’s “aggressive pursuit of the right answer.”\nDuring Grove’s decade-long tenure, the most ambitious engineers competed for the distinction of being the CEO’s “technical assistant.” This role, which now exists at Amazon.com Inc. and Microsoft Corp., entailed menial tasks such as serving as the executive chauffeur and helping with Grove’s schedule, but it also involved writing presentations and standing in for the CEO in high-level meetings. Many technical assistants went on to senior positions at Intel or at its competitors. Former CEO Paul Otellini was a technical assistant to Grove.\nPart of the reason Grove’s approach was so influential is that it resulted in impressively consistent technical and financial progress, which was so reliable it eventually came to be seen as something close to a law of nature. Grove’s discipline ensured Intel chips became more powerful even as they became cheaper to make, in keeping with Moore’s law, which predicted the pace of chip improvements and was named after the company’s co-founder. Intel was one of the few American electronics makers to thrive in the 1980s and ’90s as Japan, South Korea, and Taiwan emerged as manufacturing powerhouses.\nGrove stayed on as chairman until 2005 and closely counseled company executives until his death, but even his formidable influence couldn’t prevent one of Intel’s biggest stumbles. In the mid-2000s, as Apple Inc. was preparing for the release of its new smartphone, Steve Jobs approached then-CEO Otellini about providing the chips for the iPhone. Intel already sold Apple the processors that ran its Macs. But Jobs made what Otellini considered a lowball offer, and Apple awarded the contract to Samsung. It later began designing the chips itself and eventually outsourced production to TSMC, a contract manufacturer in Taiwan that had been founded in 1987 and focused on catering to fabless semiconductor companies.\nIntel made other attempts to gain a toehold in chips for smartphones. It acquired the division of Infineon Technologies AG that made processors for mobile phones for $1.4 billion in 2011, but the division struggled under intense competition from Qualcomm Technologies Inc., the market leader. It tried paying customers, such as Korea’s LG Electronics Inc., to make devices based on its chips, though those never sold in significant volumes. Ultimately, according to several people with knowledge of Intel’s strategy and operations, the company was never willing to divert its production and design resources away from PC and server chips, and its mobile efforts suffered as a result. Intel not only forfeited billions of dollars in revenue, but it also gave its competitors an opening to gain the manufacturing expertise that comes from making chips at such high volume and to exacting specifications. There are far more mobile phones than PCs and servers in the world, and the chips that run them need to be energy efficient to preserve battery life. Landing Apple as a customer “became such a driver for TSMC,” says Risto Pahukka, president of VLSI Research Inc. “The combination turned out to be very fruitful and is staying that way.”\nIn 2010, Otellini’s heir apparent, Sean Maloney, suffered a debilitating stroke, which was followed two years later by Otellini’s sudden announcement that he was retiring. His replacement was Brian Krzanich, a 53-year-old veteran of the company, but one who had not been steeped in Grove’s culture of relentless self-criticism. What Krzanich did have, according to people who worked with him, was an almost unshakable faith in Intel’s engineering acumen, especially the acumen of the division he’d previously run with another executive, the technology and manufacturing group, which was responsible for formulating each new chip-production process.\nIn 2013, shortly after his appointment, Krzanich convened 250 of the chipmaker’s senior-most managers in a hotel conference room near Intel’s sprawling research and manufacturing campus in Hillsboro, Ore. For many in the room, it was the first opportunity to get a feel for what it would be like to work with him.\nKrzanich used the speech to set some new ground rules. Senior managers, who’d been trying to find ways to spend time with the new boss, were told to stop asking if they could join Krzanich on one of his regular jogs around campus. “I like to run alone,” attendees recall him saying. “And I don’t like people in general.” There was an awkward silence as the executives awaited a punch line that never came.\nOver his five-year tenure, Krzanich reversed Grove’s policy of embracing Cassandras. Instead he publicly humiliated executives with whom he disagreed, ignoring warnings that Intel was falling behind in its ability to manufacture key products. “Brian did not create an environment where people could bring him problems that could be worked on,” one former executive says. “Limiting the truth is death for a complex company like Intel.”\nIn the review meetings that his predecessors had used as forums for debate, Krzanich answered emails, shopped online, or left to make phone calls, say people who worked for him. Colleagues say this was his way of showing those presenting that he wasn’t interested, had made up his mind already, or didn’t value what they were saying. When he did participate it was often to sneer at presenters or verbally abuse them, sometimes telling experts they had no idea what they were talking about, according to a dozen sources. Krzanich did not respond to repeated requests for comment.\nKrzanich reserved some of his harshest scorn for Aicha Evans, who ran Intel’s mobile business. One of thehighest-rankingBlack women in the chip industry, Evans joined Intel through the Infineon acquisition. She was tasked with shifting modem production to Intel’s plants from TSMC, which had manufactured mobile chips for Infineon, but concluded that the transition wouldn’t work. Intel’s fabs were designed for high-performance server and PC chips, not processors that had to get by on limited battery life. In a detailed three-hour presentation, she outlined her concerns to Krzanich, Chairman Andy Bryant, and 10 other top executives. Her presentation, according to people who were in attendance, was thorough and compelling. TSMC should continue to manufacture the modems, she insisted.\nBut after she finished, Krzanich seemed not to have absorbed any of those specifics. Instead he raised his arm in the air and brought his fist down, pounding on the table. “F---ing shit, Aicha Evans,” he shouted. “You don’t understand Intel, and you don’t have any f---ing balls.”\nShe glared at him. “You’re right,” she said.\nFor a time it seemed that Krzanich’s confidence in Intel’s chipmaking strength was justified. In 2015 it became the first company to release a line of chips with 14nm transistors, an improvement from the previous generation’s 22nm. But in early 2015 an engineer approached Krzanich with another warning: The company’s next generation of chips, which would be based on a 10nm process and which were due to be released in 2017, was already six months behind schedule.\nKrzanich responded just as he had to Evans, according to the engineer—with an expletive-laden tirade. The following year, two other engineers presented Krzanich with data showing an alarming trend in what’s known as the yield curve for the forthcoming chip. A metric known as the error rate, or the percentage of faulty chips in a given production run, was not improving quickly enough. Also, a competitor, TSMC, might release its 10nm chips first, they noted. According to several witnesses, Krzanich told them, in effect, that they didn’t know what they were talking about.\nThe six-month delay would eventually expand to three years, and it wasn’t until 2020 that Intel released its 10nm chips. The lag caused Dell Technologies Inc., one of its biggest customers, to cut its full-year sales forecast by more than $1 billion. “Obviously we’re not extraordinarily happy with them right now,” said Dell Chief Financial Officer Tom Sweet at the time. In public statements, Krzanich continued to promise that the 7nm chips would arrive on time, a prediction that many inside the company already doubted.\n\nIntel forced out Krzanich in June 2018. The official reason was that he’d had an affair with a subordinate. But Intel had previously tolerated interoffice relationships among senior executives, and many executives speculated that the board had grown fed up with his performance and treatment of underlings.\nEvans, the head of the mobile business, outlasted Krzanich. (She left in 2019 and became CEO of Zoox, the driverless-car maker that was sold to Amazon last year.) But by the time Krzanich departed, many of Intel’s most senior executives had been forced out. These include former CFO Stacy Smith, who’d been in charge of operations; Kirk Skaugen, who ran the company’s main PC chip business; and Renee James, Intel’s president. Key engineering leaders had also left, such as Dadi Perlmutter, who was chief product officer; Rani Borkar, who was in charge of product development for some of Intel’s most important chips; and Rony Friedman, who led a microprocessor design team. Together they had 200 years of experience at Intel.\nKrzanich in 2014.PHOTO: XINHUA/ZUMA PRESS\nThe company’s plight isn’t exclusively a function of internal missteps. It also reflects the decades-long shift of manufacturing out of the U.S. to parts of the world that have undergone rapid industrialization and economic development, aided in part by government policies that encouraged an expansion of export production. One of the biggest beneficiaries of the change has been TSMC, based in Hsinchu, Taiwan, which pioneered outsourced manufacturing in chips. AMD, Intel’s longtime rival, uses TSMC, as do Nvidia, Qualcomm, Broadcom, and many of Intel’s biggest customers.Amazon Web Services designed an in-house server chip,Graviton, in 2018, which it used to replace some of Intel’s Xeon server chips. Amazon has since announced other chips, all of them made by TSMC.Google and Microsoft also have in-house chip programs.\nEven Intel’s status as the company that powers high-end personal computers seems to be in jeopardy. Apple has begun designing chips for Mac laptops and desktops and, in November, unveiled three new computers boasting a central processor that its own engineers designed and TSMC manufactured. Apple plans a series of chips that will be used in higher-end Macs to be released as soon as this year, according to people with knowledge of the matter.\nTSMC’s power has been made plain by a global shortage of chips that’s slowed auto manufacturing, with companies in Europe, Japan, and the U.S. all imploring TSMC to step up production. In February, President Joe Biden signed an executive order aimed at addressing the shortfall and lessening U.S. dependence on foreign countries. The semiconductor industry, meanwhile, has been pressing the federal government for tax breaks and other incentives to encourage domestic investments. That’s on top of efforts already made, under President Donald Trump, to slow Chinese advances in electronics and chipmaking. Declaring that Chinese companies pose a threat to U.S. national security, Trump’s White House blacklisted the big Shanghai-based chipmaker Semiconductor Manufacturing International Corp., along with Huawei Technologies,ZTE, and other Chinese companies, denying them access to U.S. software and semiconductor designs.\nThis move may help Intel in the long run, but the immediate job of fixing the company lies squarely with Gelsinger and the team he assembles. Even before he formally started, Gelsinger began recruiting Intel executives who’d left under Krzanich. Sunil Shenoy, who departed in 2014, rejoined as a senior vice president of the group in charge of design engineering, and Glenn Hinton, who previously led the development of a key chip design, also returned.\nOn his first day, Gelsinger invoked the memory of Noyce, Moore, and Grove, reminding the staff in a memo that he was “inspired by the leadership” of Intel’s founders. A few weeks earlier, in January, as he addressed Wall Street on a conference call, Gelsinger recalled a period in the 2000s when Intel lost, and then regained, market share in the server-chip market. “Great companies are able to come back from periods of difficulty and challenge, and they come back stronger, better, and more capable than ever,” he said.\nGelsinger followed that assertion in March with his pledge to build new factories and break into the foundry business. But to succeed, Intel will need to rectify its manufacturing snags, get new fabs up and running—a feat that can take years—and, ultimately, figure out a way to balance the demands of a new set of customers with the already massive needs of its existing ones.\nTSMC has a more than three-decade head start as a foundry. It’s been producing 7nm chips since 2018, and Apple began making 5nm processors last year. Gelsinger’s determination to have Intel regain its position of leadership is underlined by its $20 billion bet on the foundry business. But the company’s plan to increase its capital expenditures by about 35% in 2021 puts it almost $10 billion behind what TSMC will spend this year. Money alone won’t bring back the old Intel.","news_type":1},"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341126816,"gmtCreate":1617795711235,"gmtModify":1704703220154,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Really ?","listText":"Really ?","text":"Really ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341126816","repostId":"2125744665","repostType":4,"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353022423,"gmtCreate":1616434617262,"gmtModify":1704794133991,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Semicon!!!","listText":"Semicon!!!","text":"Semicon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353022423","repostId":"1155582622","repostType":4,"repost":{"id":"1155582622","kind":"news","pubTimestamp":1616426086,"share":"https://ttm.financial/m/news/1155582622?lang=&edition=fundamental","pubTime":"2021-03-22 23:14","market":"us","language":"en","title":"Taiwan Semiconductor: High Ground Versus Low Ground","url":"https://stock-news.laohu8.com/highlight/detail?id=1155582622","media":"seekingalpha","summary":"Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.TSMC’s high-ground scenario includes possessing  the most advanced high-end technology,  the largest and still rising market share, and  15% annual revenue growth from $28 billion capex.If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s lev","content":"<p><b>Summary</b></p>\n<ul>\n <li>Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.</li>\n <li>TSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.</li>\n <li>TSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.</li>\n <li>If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.</li>\n <li>The real excitement is that TSM may reach $170 by 2022.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59820ae2f73b142d92ed1e65f1b1085d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>It is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said&nbsp;Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,<i>Stiftung Neue Verantwortung</i>.</p>\n<p>TSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.</p>\n<p>For that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.</p>\n<p><b>TSMC’s High Ground</b></p>\n<p>The best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:</p>\n<p><b>Most advanced high-end technology supports TSMC’s long-term structural growth.</b>Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and&nbsp;60% of its production.By 2020, TSMC has delivered&nbsp;over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working&nbsp;on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.</p>\n<p><img src=\"https://static.tigerbbs.com/068ca2e4582ecb2e1a44f88ec1093900\" tg-width=\"640\" tg-height=\"429\"></p>\n<p><b>The market share hits</b>&nbsp;<b>54%</b>&nbsp;<b>and expects to rise.</b>After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.</p>\n<p><b>Short-term demand remains robust in the logic semi space.</b>Thanks to WFH-induced global chip shortage<b>,</b>full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.</p>\n<p><b>TSMC should see more corroboration</b>&nbsp;of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in&nbsp;AMD&nbsp;CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).</p>\n<p><b>The $28 billion capex spending</b>&nbsp;reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.</p>\n<p><b>TSMC’s Low Ground</b></p>\n<p>The low-ground case would include several negative factors on the horizon that the high-ground case does not consider:</p>\n<p><b>Decreasing utilization rate results from fading WFH demand.</b>TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated&nbsp;that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.</p>\n<p><b>Medium-term inventory correction is inevitable.</b>Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).</p>\n<p><img src=\"https://static.tigerbbs.com/27ebf5f3771333335e3ec84dda7798fc\" tg-width=\"640\" tg-height=\"336\"></p>\n<p><b>Average selling price (ASP) may go down.</b>TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho&nbsp;estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.</p>\n<p><b>Weakening USD (Strengthening TWD) cuts into EPS.</b>Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on&nbsp;Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.</p>\n<p><b>$28 billion Capex may dilute dividend payment</b>. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget&nbsp;may cut into&nbsp;the company's free cash flow and lead to greater volatility in the dividend.</p>\n<p><b>From Future Financials to Future Stock Prices</b></p>\n<p>After the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.</p>\n<p><img src=\"https://static.tigerbbs.com/6d8598e14f696255c7faa92760ef906f\" tg-width=\"640\" tg-height=\"329\"><img src=\"https://static.tigerbbs.com/ed9aa585df33e69929a8a843f28e00f3\" tg-width=\"640\" tg-height=\"325\"></p>\n<p>Keep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.</p>\n<p><b>High-Ground vs. Low-Ground Share Prices</b></p>\n<p>For high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).</p>\n<p><img src=\"https://static.tigerbbs.com/ad3a771ad144f1a71a405203b9b19b58\" tg-width=\"640\" tg-height=\"345\"></p>\n<p>In Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.</p>\n<p><img src=\"https://static.tigerbbs.com/46ff924f4d6ece1e451e1ca16ddc2070\" tg-width=\"640\" tg-height=\"382\"></p>\n<p>It is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).</p>\n<p><b>Takeaways</b></p>\n<p>Being the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).</p>\n<p>If considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.</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>Taiwan Semiconductor: High Ground Versus Low Ground</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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}\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\">\nTaiwan Semiconductor: High Ground Versus Low Ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1155582622","content_text":"Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.\nTSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.\nTSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.\nIf considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.\nThe real excitement is that TSM may reach $170 by 2022.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nIt is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,Stiftung Neue Verantwortung.\nTSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.\nFor that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.\nTSMC’s High Ground\nThe best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:\nMost advanced high-end technology supports TSMC’s long-term structural growth.Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and 60% of its production.By 2020, TSMC has delivered over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.\n\nThe market share hits 54% and expects to rise.After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.\nShort-term demand remains robust in the logic semi space.Thanks to WFH-induced global chip shortage,full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.\nTSMC should see more corroboration of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in AMD CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).\nThe $28 billion capex spending reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.\nTSMC’s Low Ground\nThe low-ground case would include several negative factors on the horizon that the high-ground case does not consider:\nDecreasing utilization rate results from fading WFH demand.TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.\nMedium-term inventory correction is inevitable.Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).\n\nAverage selling price (ASP) may go down.TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.\nWeakening USD (Strengthening TWD) cuts into EPS.Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.\n$28 billion Capex may dilute dividend payment. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget may cut into the company's free cash flow and lead to greater volatility in the dividend.\nFrom Future Financials to Future Stock Prices\nAfter the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.\n\nKeep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.\nHigh-Ground vs. Low-Ground Share Prices\nFor high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).\n\nIn Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.\n\nIt is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).\nTakeaways\nBeing the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).\nIf considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324375418,"gmtCreate":1615970139334,"gmtModify":1704789070912,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324375418","repostId":"1158940318","repostType":4,"repost":{"id":"1158940318","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615967371,"share":"https://ttm.financial/m/news/1158940318?lang=&edition=fundamental","pubTime":"2021-03-17 15:49","market":"sh","language":"en","title":"China shares end flat as market eyes Fed outcome, Sino-U.S. meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1158940318","media":"Reuters","summary":"SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to th","content":"<p>SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.</p>\n<p>Fed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.</p>\n<p>At the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.</p>\n<p>The financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.</p>\n<p>The smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.</p>\n<p>Gains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.</p>\n<p>The sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.</p>\n<p>At the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.</p>\n<p>Some investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.</p>\n<p>Separately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.</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>China shares end flat as market eyes Fed outcome, Sino-U.S. meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina shares end flat as market eyes Fed outcome, Sino-U.S. meeting\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\">2021-03-17 15:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.</p>\n<p>Fed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.</p>\n<p>At the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.</p>\n<p>The financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.</p>\n<p>The smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.</p>\n<p>Gains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.</p>\n<p>The sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.</p>\n<p>At the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.</p>\n<p>Some investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.</p>\n<p>Separately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158940318","content_text":"SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.\nFed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.\nAt the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.\nThe financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.\nThe smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.\nGains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.\nThe sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.\nAt the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.\nSome investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.\nSeparately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323943930,"gmtCreate":1615301023120,"gmtModify":1704780834148,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323943930","repostId":"1129681722","repostType":4,"repost":{"id":"1129681722","kind":"news","pubTimestamp":1615295680,"share":"https://ttm.financial/m/news/1129681722?lang=&edition=fundamental","pubTime":"2021-03-09 21:14","market":"us","language":"en","title":"2 More Reasons To Buy Apple Stock On The Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=1129681722","media":"TheStreet","summary":"Apple has had its worst day of trading since October, and shares could soon enter bear market territ","content":"<p>Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.</p>\n<p>On Monday, March 8, Apple stock had its worst day of trading since October 2020: down 4.2%, despite lack of company-specific news. My fears over the&nbsp;market cap dipping below $2 trillionfor the first time since November were also confirmed, maybe more quickly than I could have anticipated.</p>\n<p>Apple stock is now nearly 19% off the peak of less than 30 trading days ago, and one inch away from bear territory. Investors must be feeling uneasy about holding shares during this uncomfortable pullback.</p>\n<p>But I believe that shareholders also have reasons to be optimistic.</p>\n<p><b>History says: buy Apple</b></p>\n<p>Of course, a successful investment in Apple depends primarily on the company performing well and delivering above-consensus financial results going forward. In that regard, Apple’s business seems to be in very good shape, at least judging by&nbsp;the company’s most recent earnings report.</p>\n<p>So, I turn away from business fundamentals for now and focus on price action. Historically, the best strategy has been&nbsp;to buy Apple when it is well off its peak. Recently, I came across yet another piece of evidence to support this idea.</p>\n<p>Over the past five years, Apple stock has produced monthly returns that have swung from a low of -18% in November 2018 to a high of 21% in August 2020. Although it may be hard to anticipate with much precision when the stock will perform best, there seems to be somewhat of a pattern.</p>\n<p>The graph below shows that steeper monthly losses in Apple shares tend to be followed by periods of strong stock performance. Notice the dotted arrows:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45802af85db02f208dc6687c52dd4a63\" tg-width=\"1240\" tg-height=\"284\" referrerpolicy=\"no-referrer\"><span>Stock Rover</span></p>\n<p>Below are some numbers to help illustrate the point.</p>\n<p>Since 2016, Apple has produced an average three-month return of 3.5%, with worst decline of -11% in the fourth quarter of 2018. But an investor who waited to buy shares only after two months of material losses (defined here as -3%) in the previous three periods earned an average three-month return that was nearly twice as high, at 6.7%.</p>\n<p>March is shaping up to be a bad month for Apple, after January saw shares tank and February failed to impress. Judging only by the pattern described above, this could be a good time to jump in.</p>\n<p><b>Calendar pattern says: buy Apple</b></p>\n<p>The second reason to buy Apple now has to do with annual patterns in stock returns. The graph below tells a compelling story.</p>\n<p>Notice that the average monthly gains in Apple shares over the past five years have been best in the summer months of July and August. Prior to this period, the returns improve slowly throughout the spring, as the stock recovers from an underwhelming holiday quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/563f095f6d02bf7c530705e701c30e2b\" tg-width=\"1240\" tg-height=\"299\" referrerpolicy=\"no-referrer\"><span>Stock Rover</span></p>\n<p>There is some logic to this pattern. September tends to be the month in which the new iPhone model is announced, a few weeks ahead of Black Friday. At that point, investors have likely already bid up the share price in anticipation for Apple’s “hot season” of sales. Sell-the-news pressures begin to accumulate.</p>\n<p>In 2021, something similar could happen. The market’s preference for small-cap value stocks over mega-cap growth ones during a year of economic recovery will eventually fizzle. At that point, chatter about&nbsp;Apple’s iPhone 13 will begin to surface. This could be the moment for Apple shares to finally shine this year.</p>\n<p>Those who buy the stock at de-risked prices could benefit from the potential rebound later in 2021.</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>2 More Reasons To Buy Apple Stock On The Dip</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\">\n2 More Reasons To Buy Apple Stock On The Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.\nOn Monday,...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129681722","content_text":"Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.\nOn Monday, March 8, Apple stock had its worst day of trading since October 2020: down 4.2%, despite lack of company-specific news. My fears over the market cap dipping below $2 trillionfor the first time since November were also confirmed, maybe more quickly than I could have anticipated.\nApple stock is now nearly 19% off the peak of less than 30 trading days ago, and one inch away from bear territory. Investors must be feeling uneasy about holding shares during this uncomfortable pullback.\nBut I believe that shareholders also have reasons to be optimistic.\nHistory says: buy Apple\nOf course, a successful investment in Apple depends primarily on the company performing well and delivering above-consensus financial results going forward. In that regard, Apple’s business seems to be in very good shape, at least judging by the company’s most recent earnings report.\nSo, I turn away from business fundamentals for now and focus on price action. Historically, the best strategy has been to buy Apple when it is well off its peak. Recently, I came across yet another piece of evidence to support this idea.\nOver the past five years, Apple stock has produced monthly returns that have swung from a low of -18% in November 2018 to a high of 21% in August 2020. Although it may be hard to anticipate with much precision when the stock will perform best, there seems to be somewhat of a pattern.\nThe graph below shows that steeper monthly losses in Apple shares tend to be followed by periods of strong stock performance. Notice the dotted arrows:\nStock Rover\nBelow are some numbers to help illustrate the point.\nSince 2016, Apple has produced an average three-month return of 3.5%, with worst decline of -11% in the fourth quarter of 2018. But an investor who waited to buy shares only after two months of material losses (defined here as -3%) in the previous three periods earned an average three-month return that was nearly twice as high, at 6.7%.\nMarch is shaping up to be a bad month for Apple, after January saw shares tank and February failed to impress. Judging only by the pattern described above, this could be a good time to jump in.\nCalendar pattern says: buy Apple\nThe second reason to buy Apple now has to do with annual patterns in stock returns. The graph below tells a compelling story.\nNotice that the average monthly gains in Apple shares over the past five years have been best in the summer months of July and August. Prior to this period, the returns improve slowly throughout the spring, as the stock recovers from an underwhelming holiday quarter.\nStock Rover\nThere is some logic to this pattern. September tends to be the month in which the new iPhone model is announced, a few weeks ahead of Black Friday. At that point, investors have likely already bid up the share price in anticipation for Apple’s “hot season” of sales. Sell-the-news pressures begin to accumulate.\nIn 2021, something similar could happen. The market’s preference for small-cap value stocks over mega-cap growth ones during a year of economic recovery will eventually fizzle. At that point, chatter about Apple’s iPhone 13 will begin to surface. This could be the moment for Apple shares to finally shine this year.\nThose who buy the stock at de-risked prices could benefit from the potential rebound later in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367364699,"gmtCreate":1614911468311,"gmtModify":1704776892894,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367364699","repostId":"2117507788","repostType":4,"repost":{"id":"2117507788","kind":"highlight","pubTimestamp":1614904495,"share":"https://ttm.financial/m/news/2117507788?lang=&edition=fundamental","pubTime":"2021-03-05 08:34","market":"sg","language":"en","title":"Asia shares skid on surging bond yields, US dollar","url":"https://stock-news.laohu8.com/highlight/detail?id=2117507788","media":"The Straits Times","summary":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rat","content":"<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n","source":"straits_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia shares skid on surging bond yields, US dollar</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\">\nAsia shares skid on surging bond yields, US dollar\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-05 08:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"http://www.straitstimes.com/business/companies-markets/asia-shares-skid-on-surging-bond-yields-us-dollar","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2117507788","content_text":"NEW YORK (REUTERS) - Asian stocks skidded on Friday (March 5) as rising US Treasury yields again rattled equity investors while hoisting the US dollar to a three-month high, which in turn dragged the Japanese yen to an eight-month trough.Energy markets were not spared the volatility either, with oil prices surging more than 5 per cent overnight to their highest in over a year, after Opec and its allies agreed to keep production unchanged into April as demand recovery from the coronavirus pandemic was still fragile.In early Friday trade, Australian stocks shed 1 per cent, Japan's Nikkei share average lost 0.7 per cent, shares in Seoul fell 0.24 per cent and E-Mini S&P futures were a touch lower at 0.04 per cent.US stocks had dropped sharply on Thursday after Federal Reserve chair Jerome Powell disappointed some investors by not indicating that the Fed might step up purchases of long-term bonds to hold down longer-term interest rates.The tech-heavy Nasdaq Composite tumbled 2.1 per cent, taking it down about 10 per cent from its record closing high on Feb. 12 and putting it in correction territory.Even though Mr Powell made it clear that the Fed was not close to changing its ultra-loose monetary policy stance anytime soon, some analysts still worried rising Treasury yields could herald higher borrowing costs, thereby limiting the fragile US economic recovery.\"The US dollar has gained 0.8 per cent, and there you see the holy trinity of market fears - rising real rates, increased expectations of rate hikes, and a stronger US dollar,\" said Chris Weston, the head of Research at Pepperstone Markets Ltd, a foreign exchange broker, in Australia.Bond investors with a bearish view of Treasuries took heart in Mr Powell's remarks and sold the notes. The yield on 10-year Treasuries climbed above 1.5 per cent to as high as 1.5727 per cent, but still below a one-year high of 1.614 per cent struck last week.The yield curve, a measure of economic expectations, steepened on rising yields, with the gap between two- and 10-year yields widening by another 6.3 basis points overnight.Rising Treasury yields bolstered demand for the US dollar. The dollar index jumped 0.61 per cent against a basket of major currencies to 91.651, within sight of a three-month high of 91.663.A stronger dollar hobbled the yen. By early Friday, the yen was soft at 107.95, a level not seen since July 1.The euro was also tripped by a firmer dollar, with the common currency sluggish at US$1.19665.Climbing yields and dollar strength pummeled gold prices, which sank to a nine-month low as investors sold the precious metal to reduce the opportunity cost of holding the non-yielding asset.Spot gold slid another 0.2 per cent early Friday to stand at US$1,694.0600 per ounce, trading below US$1,700 for the first time since June 2020.Oil prices, on the other hand, extended gains on early Friday after zooming higher overnight.US crude futures climbed 0.85 per cent to US$64.38 a barrel, after scaling its January 2020 peak of US$64.86 overnight. Analysts said Opec's decision to not increase output in April as many had expected showed what it is prepared to do to deplete an inventory overhang and keep prices elevated.In the cryptocurrency market, bitcoin narrowed overnight losses and was down 3.8 per cent at US$48,473 early Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364852786,"gmtCreate":1614838243445,"gmtModify":1704775851384,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Sell?!","listText":"Sell?!","text":"Sell?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364852786","repostId":"2116408065","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363287242,"gmtCreate":1614142786886,"gmtModify":1704888670289,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Go go","listText":"Go go","text":"Go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363287242","repostId":"2113398351","repostType":4,"repost":{"id":"2113398351","kind":"news","pubTimestamp":1614131709,"share":"https://ttm.financial/m/news/2113398351?lang=&edition=fundamental","pubTime":"2021-02-24 09:55","market":"us","language":"en","title":"TSMC Sells Shares in Optical Sensor Unit Before Planned Spinoff","url":"https://stock-news.laohu8.com/highlight/detail?id=2113398351","media":"Bloomberg","summary":"(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. sold shares in VisEra Technologies Co. before ","content":"<p>(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. sold shares in VisEra Technologies Co. before a planned initial public offering of the image sensor provider.</p>\n<p>Taiwan’s largest chipmaker sold 38 million shares in VisEra at NT$240 ($8.60) apiece, cutting its stake in the company to 73.9%, according to a filing to the Taiwan stock exchange Tuesday. It sold the stock to 17 investors, including Fidelity International, Singapore sovereign wealth fund GIC Pte and domestic institutions Cathay Life Insurance Co. and Fubon Life Insurance Co.</p>\n<p>The transaction was to facilitate a proposed listing of VisEra in Taiwan, TSMC said in the filing without providing further details.</p>\n<p>TSMC set up VisEra in 2003 together with Santa Clara, California-based <a href=\"https://laohu8.com/S/OVTI\">OmniVision Technologies</a> Inc. before buying out its partner in 2015. The company is now seeking to spin off the unit just as a boom in semiconductor demand drives a surge in prices of chipmakers and other companies that supply to the industry. TSMC’s shares have nearly doubled over the past 12 months, making it the world’s 10th most valuable company at about $589 billion.</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>TSMC Sells Shares in Optical Sensor Unit Before Planned Spinoff</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\">\nTSMC Sells Shares in Optical Sensor Unit Before Planned Spinoff\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 09:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-24/tsmc-sells-shares-in-optical-sensor-unit-before-planned-spinoff?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. sold shares in VisEra Technologies Co. before a planned initial public offering of the image sensor provider.\nTaiwan’s largest chipmaker sold 38 ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-24/tsmc-sells-shares-in-optical-sensor-unit-before-planned-spinoff?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":{"TSM":"台积电"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-24/tsmc-sells-shares-in-optical-sensor-unit-before-planned-spinoff?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113398351","content_text":"(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. sold shares in VisEra Technologies Co. before a planned initial public offering of the image sensor provider.\nTaiwan’s largest chipmaker sold 38 million shares in VisEra at NT$240 ($8.60) apiece, cutting its stake in the company to 73.9%, according to a filing to the Taiwan stock exchange Tuesday. It sold the stock to 17 investors, including Fidelity International, Singapore sovereign wealth fund GIC Pte and domestic institutions Cathay Life Insurance Co. and Fubon Life Insurance Co.\nThe transaction was to facilitate a proposed listing of VisEra in Taiwan, TSMC said in the filing without providing further details.\nTSMC set up VisEra in 2003 together with Santa Clara, California-based OmniVision Technologies Inc. before buying out its partner in 2015. The company is now seeking to spin off the unit just as a boom in semiconductor demand drives a surge in prices of chipmakers and other companies that supply to the industry. TSMC’s shares have nearly doubled over the past 12 months, making it the world’s 10th most valuable company at about $589 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360460850,"gmtCreate":1613966291170,"gmtModify":1704886245540,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/360460850","repostId":"1176686506","repostType":4,"repost":{"id":"1176686506","kind":"news","pubTimestamp":1613965833,"share":"https://ttm.financial/m/news/1176686506?lang=&edition=fundamental","pubTime":"2021-02-22 11:50","market":"us","language":"en","title":"Inflation Angst Is About to Rewrite the Stock Market Playbook","url":"https://stock-news.laohu8.com/highlight/detail?id=1176686506","media":"Bloomberg","summary":"History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operat","content":"<ul>\n <li>History shows energy shares tend to be the best inflation bet</li>\n <li>Goldman touts firms with higher operating leverage as winners</li>\n</ul>\n<p>For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.</p>\n<p>While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been persistent winners during times of high inflation over the past five decades, a study from Ned Davis Research shows.</p>\n<p>Goldman Sachs Group Inc. recommends companies better equipped to derive earnings from sales, such as automaker&nbsp;Ford Motor Co.&nbsp;and media firm&nbsp;Discovery Inc.To Societe Generale SA, supply and demand imbalances suggest mining shares and fertilizer producers offer better hedges should pressures build.</p>\n<p>No matter how sanguine&nbsp;Federal Reserve&nbsp;Chair Jerome Powellisabout the topic right now, inflation will one day matter again for stocks. Just in the last few weeks, hawks have observed worrying signs in everything from a global shortage of&nbsp;computer chips&nbsp;to the biggest jump in U.S. producer prices on record.</p>\n<p>With the economic outlook brightening, Covid-19 cases falling and more fiscal stimulus on the horizon, nervousness about inflation is percolating. That means pricing power is set to become “an intriguing alpha generator” due to the wide variance in how companies cope with it, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.</p>\n<p>“Lead indicators suggest that an inflation scare may be in the making,” Levkovich wrote. “Companies with price flexibility should come out as winners.”</p>\n<p><img src=\"https://static.tigerbbs.com/1277507bef168d68d0ded84582f420d2\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Energy stocks have the best track-record during periods of rising consumer prices, according to Ned Davis. In seven out of nine cases of high inflation since 1972, the industry outperformed the S&amp;P 500 by a median of 14 percentage points, the study showed.</p>\n<p>When ranked by investment style, cyclical value stocks -- companies whose sales are more sensitive to economic swings and usually trade at relatively cheap valuations -- tend to do better when inflation runs high, Ned Davisnoted.</p>\n<p>Crude oil has surged this year, bolstered by confidence in a global economic recovery. Those bets have been reflected in the stock market, with energy producers including&nbsp;Exxon Mobil Corp.&nbsp;and&nbsp;Marathon Oil Corp.&nbsp;soaring. The industry has led gains in the S&amp;P 500 in 2021, climbing five times more than the equity benchmark.</p>\n<p>While inflation’s ramifications for the broader market are not straightforward, a look under the surface shows investors are preparing for the outcome by favoring companies with high operating leverage, or the ability to extract profits from revenue.</p>\n<p>While both sales and input costs tend to increase when inflation rises, companies with strong leverage potentially offer a safer trade. The reason is: the effect of growing revenue would outweigh the production costs.</p>\n<p>Since the start of February, a basket of stocks with the highest operating leverage that strips out industry bias has beaten the cohort of weakest ones by 1.7 percentage points, data compiled by Goldman Sachs and Bloomberg show. The gauge is poised for a fourth straight month of outperformance, the longest streak since the taper tantrum year of 2013.</p>\n<p>Higher input costs such as commodities pose little threat to overall earnings for S&amp;P 500 companies partly because some industries gain as material prices climb and others hedge exposure, according to Goldman Sachs strategists including David Kostin.</p>\n<p>Labor costs, on the other hand, are a bigger headwind, with an increase of 100 basis points in wage growth likely amounting to a 1% reduction in company profits, their estimates show. Accordingly, they advise investors to favor firms whose labor costs make up a smaller share of revenue, such as&nbsp;Under Armour Inc.&nbsp;and&nbsp;Biogen Inc.</p>\n<p>“Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,” Kostin wrote in a note earlier this month. “Historically, inflation has boosted nominal S&amp;P 500 revenues, but weighed on profit margins as companies struggled to lift prices at the same pace as rising input costs.”</p>\n<p><img src=\"https://static.tigerbbs.com/41ea1342ca16ec7686d64a4b06ac8c11\" tg-width=\"1200\" tg-height=\"802\"></p>\n<p>Societe Generale’s strategists led by Andrew Lapthorne have built a basket of stocks based on their sensitivity to metrics like fluctuations in copper and food prices. Basic materials, technology and energy shares currently make up two thirds of the portfolio.</p>\n<p>While the group has proved its worth by rising with inflation expectations in recent months, one drawback is its poor performance during times of disinflation -- something that has gripped the market for much of the past decade, theynoted. To offset that deficiency, the Societe Generale strategists designed a trade dubbed “call replication” that limits the downside risk while maximizing the upside.</p>\n<p>“When we speak to investors, they want the upside from value rallies and would like to hedge inflation risk, but most find the volatility incompatible with their risk tolerance,” Lapthorne wrote in a note Thursday. “Call replication strikes the right balance.”</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>Inflation Angst Is About to Rewrite the Stock Market Playbook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation Angst Is About to Rewrite the Stock Market Playbook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operating leverage as winners\n\nFor bond investors, inflation is pretty much all bad news, eating into the ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?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":{"XOM":"埃克森美孚","F":"福特汽车",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","DIS":"迪士尼"},"source_url":"http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176686506","content_text":"History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operating leverage as winners\n\nFor bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.\nWhile there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been persistent winners during times of high inflation over the past five decades, a study from Ned Davis Research shows.\nGoldman Sachs Group Inc. recommends companies better equipped to derive earnings from sales, such as automaker Ford Motor Co. and media firm Discovery Inc.To Societe Generale SA, supply and demand imbalances suggest mining shares and fertilizer producers offer better hedges should pressures build.\nNo matter how sanguine Federal Reserve Chair Jerome Powellisabout the topic right now, inflation will one day matter again for stocks. Just in the last few weeks, hawks have observed worrying signs in everything from a global shortage of computer chips to the biggest jump in U.S. producer prices on record.\nWith the economic outlook brightening, Covid-19 cases falling and more fiscal stimulus on the horizon, nervousness about inflation is percolating. That means pricing power is set to become “an intriguing alpha generator” due to the wide variance in how companies cope with it, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.\n“Lead indicators suggest that an inflation scare may be in the making,” Levkovich wrote. “Companies with price flexibility should come out as winners.”\n\nEnergy stocks have the best track-record during periods of rising consumer prices, according to Ned Davis. In seven out of nine cases of high inflation since 1972, the industry outperformed the S&P 500 by a median of 14 percentage points, the study showed.\nWhen ranked by investment style, cyclical value stocks -- companies whose sales are more sensitive to economic swings and usually trade at relatively cheap valuations -- tend to do better when inflation runs high, Ned Davisnoted.\nCrude oil has surged this year, bolstered by confidence in a global economic recovery. Those bets have been reflected in the stock market, with energy producers including Exxon Mobil Corp. and Marathon Oil Corp. soaring. The industry has led gains in the S&P 500 in 2021, climbing five times more than the equity benchmark.\nWhile inflation’s ramifications for the broader market are not straightforward, a look under the surface shows investors are preparing for the outcome by favoring companies with high operating leverage, or the ability to extract profits from revenue.\nWhile both sales and input costs tend to increase when inflation rises, companies with strong leverage potentially offer a safer trade. The reason is: the effect of growing revenue would outweigh the production costs.\nSince the start of February, a basket of stocks with the highest operating leverage that strips out industry bias has beaten the cohort of weakest ones by 1.7 percentage points, data compiled by Goldman Sachs and Bloomberg show. The gauge is poised for a fourth straight month of outperformance, the longest streak since the taper tantrum year of 2013.\nHigher input costs such as commodities pose little threat to overall earnings for S&P 500 companies partly because some industries gain as material prices climb and others hedge exposure, according to Goldman Sachs strategists including David Kostin.\nLabor costs, on the other hand, are a bigger headwind, with an increase of 100 basis points in wage growth likely amounting to a 1% reduction in company profits, their estimates show. Accordingly, they advise investors to favor firms whose labor costs make up a smaller share of revenue, such as Under Armour Inc. and Biogen Inc.\n“Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,” Kostin wrote in a note earlier this month. “Historically, inflation has boosted nominal S&P 500 revenues, but weighed on profit margins as companies struggled to lift prices at the same pace as rising input costs.”\n\nSociete Generale’s strategists led by Andrew Lapthorne have built a basket of stocks based on their sensitivity to metrics like fluctuations in copper and food prices. Basic materials, technology and energy shares currently make up two thirds of the portfolio.\nWhile the group has proved its worth by rising with inflation expectations in recent months, one drawback is its poor performance during times of disinflation -- something that has gripped the market for much of the past decade, theynoted. To offset that deficiency, the Societe Generale strategists designed a trade dubbed “call replication” that limits the downside risk while maximizing the upside.\n“When we speak to investors, they want the upside from value rallies and would like to hedge inflation risk, but most find the volatility incompatible with their risk tolerance,” Lapthorne wrote in a note Thursday. “Call replication strikes the right balance.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","crmLevel":4,"crmLevelSwitch":0,"idStr":"3551655093075927","authorIdStr":"3551655093075927"},"content":"like and comment","text":"like and comment","html":"like and comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360460194,"gmtCreate":1613966273318,"gmtModify":1704886245216,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360460194","repostId":"2113878489","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384312901,"gmtCreate":1613614224203,"gmtModify":1704882723579,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/384312901","repostId":"1115540467","repostType":4,"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386964209,"gmtCreate":1613128039701,"gmtModify":1704878661371,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386964209","repostId":"2110026963","repostType":4,"repost":{"id":"2110026963","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1613109422,"share":"https://ttm.financial/m/news/2110026963?lang=&edition=fundamental","pubTime":"2021-02-12 13:57","market":"us","language":"en","title":"Here's the formula for spotting genuinely undervalued companies, claims this investment house","url":"https://stock-news.laohu8.com/highlight/detail?id=2110026963","media":"Dow Jones","summary":"The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro","content":"<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</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>Here's the formula for spotting genuinely undervalued companies, claims this investment house</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\">\nHere's the formula for spotting genuinely undervalued companies, claims this investment house\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-12 13:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"PFE":"辉瑞","AMZN":"亚马逊","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110026963","content_text":"MW Here's the formula for spotting genuinely undervalued companies, claims this investment house\nThe growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis\nFor most of 2020, investors poured money into names like online retailer Amazon $(AMZN)$, electric-car maker Tesla $(TSLA)$, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.\nBut when news broke in early November 2020 that drug company Pfizer $(PFE)$ and its partner BioNTech $(BNTX)$ had developed an effective vaccine against COVID-19, something profound happened in financial markets.\nInvestors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.\nThis rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.\nAnd it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.\nThe apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.\n\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.\n\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"\nAnalysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.\nThe value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.\nIn reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.\nStocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.\nTo have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381944540,"gmtCreate":1612925457480,"gmtModify":1704876091781,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Hmmmm","listText":"Hmmmm","text":"Hmmmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381944540","repostId":"1127674073","repostType":4,"repost":{"id":"1127674073","kind":"news","pubTimestamp":1612925109,"share":"https://ttm.financial/m/news/1127674073?lang=&edition=fundamental","pubTime":"2021-02-10 10:45","market":"us","language":"en","title":"Is Nvidia Set for a Massive Breakout?","url":"https://stock-news.laohu8.com/highlight/detail?id=1127674073","media":"TheStreet","summary":"Nvidia has been consolidating for months now, boring traders in the process. Is the chip giant final","content":"<p>Nvidia has been consolidating for months now, boring traders in the process. Is the chip giant finally waking up?</p><p>Shares of Nvidia&nbsp;(<b>NVDA</b>) have frustrated bullish traders for months now. That is until this week’s powerful move.</p><p>The stock burst higher by more than 6% on Monday on news of acontinued chip shortage. Shares were down less than 1% on Tuesday as bulls maintain a bulk of the gains.</p><p>Trading in this name has been difficult, full of false breakouts and breakdowns as Nvidia has been consolidating its large gains. Advanced Micro Devices&nbsp;(<b>AMD</b>)&nbsp;hashad similar action.</p><p>For traders, this is frustrating. For investors, a&nbsp;large rally followed by sideways price action&nbsp;is essentially the best outcome they could have hoped for. Eventually though, they too want to see a breakout to the upside.</p><p>With earnings due up later this month, are we on the verge of more gains?</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2cc7ee3828c12f14369269c5fd410c48\" tg-width=\"1070\" tg-height=\"736\" referrerpolicy=\"no-referrer\"><span>Daily chart of Nvidia stock.</span></p><p>Nvidia finally broke out to new highs in February 2020, only to see the stock market roll over just a few days later. But amid that abrupt decline, notice how well Nvidia held up, virtually halting its decline at the 200-day moving average.</p><p>It went on a tear after that, rallying from sub-$200 to almost $600 in September.</p><p>After a sharp correction, we’ve seen the stock go nowhere for the last five months as it chops sideways.</p><p>Monday’s rally over $560 put the stock over last month’s high. There is a level of downtrend resistance potentially in play (blue line), but I’m not ready to put a lot of weight in this mark.</p><p>Instead, I am keeping my eye on the $590 level and the $560 level — the latter of which was the monthly-up trigger.</p><p>To lose $560 puts Nvidia back in the chop zone, potentially putting $500 back in play but most likely leaving it there to trade between $520 and $550.</p><p>If it can clear $590 — which was the high in September and resistance in November — then perhaps we can get a much larger move to the upside.</p><p>Specifically, if Nvidia clears $600, investors may begin looking as high as the $660s for a potential upside target. In that area, the stock will find the 161.8% extension from the recent range.</p><p>Perhaps the stock finds momentum ahead of earnings. Maybe it will require a blowout report to send it higher. Either way, let’s keep an eye on $590 as our tell.</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>Is Nvidia Set for a Massive Breakout?</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\">\nIs Nvidia Set for a Massive Breakout?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 10:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/nvidia-nvda-stock-breakout-trading-020921><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nvidia has been consolidating for months now, boring traders in the process. Is the chip giant finally waking up?Shares of Nvidia (NVDA) have frustrated bullish traders for months now. That is until ...</p>\n\n<a href=\"https://www.thestreet.com/investing/nvidia-nvda-stock-breakout-trading-020921\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达"},"source_url":"https://www.thestreet.com/investing/nvidia-nvda-stock-breakout-trading-020921","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127674073","content_text":"Nvidia has been consolidating for months now, boring traders in the process. Is the chip giant finally waking up?Shares of Nvidia (NVDA) have frustrated bullish traders for months now. That is until this week’s powerful move.The stock burst higher by more than 6% on Monday on news of acontinued chip shortage. Shares were down less than 1% on Tuesday as bulls maintain a bulk of the gains.Trading in this name has been difficult, full of false breakouts and breakdowns as Nvidia has been consolidating its large gains. Advanced Micro Devices (AMD) hashad similar action.For traders, this is frustrating. For investors, a large rally followed by sideways price action is essentially the best outcome they could have hoped for. Eventually though, they too want to see a breakout to the upside.With earnings due up later this month, are we on the verge of more gains?Daily chart of Nvidia stock.Nvidia finally broke out to new highs in February 2020, only to see the stock market roll over just a few days later. But amid that abrupt decline, notice how well Nvidia held up, virtually halting its decline at the 200-day moving average.It went on a tear after that, rallying from sub-$200 to almost $600 in September.After a sharp correction, we’ve seen the stock go nowhere for the last five months as it chops sideways.Monday’s rally over $560 put the stock over last month’s high. There is a level of downtrend resistance potentially in play (blue line), but I’m not ready to put a lot of weight in this mark.Instead, I am keeping my eye on the $590 level and the $560 level — the latter of which was the monthly-up trigger.To lose $560 puts Nvidia back in the chop zone, potentially putting $500 back in play but most likely leaving it there to trade between $520 and $550.If it can clear $590 — which was the high in September and resistance in November — then perhaps we can get a much larger move to the upside.Specifically, if Nvidia clears $600, investors may begin looking as high as the $660s for a potential upside target. In that area, the stock will find the 161.8% extension from the recent range.Perhaps the stock finds momentum ahead of earnings. Maybe it will require a blowout report to send it higher. Either way, let’s keep an eye on $590 as our tell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383233597,"gmtCreate":1612880565319,"gmtModify":1704875331291,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383233597","repostId":"1114166601","repostType":4,"repost":{"id":"1114166601","kind":"news","pubTimestamp":1612866163,"share":"https://ttm.financial/m/news/1114166601?lang=&edition=fundamental","pubTime":"2021-02-09 18:22","market":"us","language":"en","title":"The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114166601","media":"Barrons","summary":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first t","content":"<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</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>The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 18:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114166601","content_text":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.The central concern is that once Treasury yields climb high enough investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark,Wall Street consensus is hard to find: Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.Almost 70% of S&P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&P 500 is around 3%, the bank’s equity strategists wrote.Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.More important, a 3% return from the S&P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.There is one way that rising rates are negatively affecting at least some stocks:  Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":137257691,"gmtCreate":1622354513713,"gmtModify":1704183404411,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Tesla ???","listText":"Tesla ???","text":"Tesla ???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/137257691","repostId":"2138765488","repostType":4,"repost":{"id":"2138765488","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1622215232,"share":"https://ttm.financial/m/news/2138765488?lang=&edition=fundamental","pubTime":"2021-05-28 23:20","market":"us","language":"en","title":"Tesla shares dip on recall rumors","url":"https://stock-news.laohu8.com/highlight/detail?id=2138765488","media":"Reuters","summary":"May 28  - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","content":"<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</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>Tesla shares dip on recall rumors</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 shares dip on recall rumors\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\">2021-05-28 23:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>May 28 (Reuters) - Shares of Tesla Inc&nbsp;fell more than 1% on Friday after an unverified tweet&nbsp;said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.</p><p><img src=\"https://static.tigerbbs.com/ba675bb3c29017bd5165f1d31830b19e\" tg-width=\"794\" tg-height=\"614\" referrerpolicy=\"no-referrer\"></p><p>Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138765488","content_text":"May 28 (Reuters) - Shares of Tesla Inc fell more than 1% on Friday after an unverified tweet said the electric carmaker had decided to recall some of its Model Y and Model 3 vehicles, citing a note from the company.Tesla did not immediately respond to a Reuters request for comment and Reuters was unable to verify the statement from the company that was shown in the tweet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574565348851267","authorId":"3574565348851267","name":"pingabc","avatar":"https://static.tigerbbs.com/45ea605ef97ca23c8e578b6576244d74","crmLevel":2,"crmLevelSwitch":0,"idStr":"3574565348851267","authorIdStr":"3574565348851267"},"content":"please reply my top comment","text":"please reply my top comment","html":"please reply my top comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360460850,"gmtCreate":1613966291170,"gmtModify":1704886245540,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted&nbsp;","listText":"Noted&nbsp;","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/360460850","repostId":"1176686506","repostType":4,"repost":{"id":"1176686506","kind":"news","pubTimestamp":1613965833,"share":"https://ttm.financial/m/news/1176686506?lang=&edition=fundamental","pubTime":"2021-02-22 11:50","market":"us","language":"en","title":"Inflation Angst Is About to Rewrite the Stock Market Playbook","url":"https://stock-news.laohu8.com/highlight/detail?id=1176686506","media":"Bloomberg","summary":"History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operat","content":"<ul>\n <li>History shows energy shares tend to be the best inflation bet</li>\n <li>Goldman touts firms with higher operating leverage as winners</li>\n</ul>\n<p>For bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.</p>\n<p>While there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been persistent winners during times of high inflation over the past five decades, a study from Ned Davis Research shows.</p>\n<p>Goldman Sachs Group Inc. recommends companies better equipped to derive earnings from sales, such as automaker&nbsp;Ford Motor Co.&nbsp;and media firm&nbsp;Discovery Inc.To Societe Generale SA, supply and demand imbalances suggest mining shares and fertilizer producers offer better hedges should pressures build.</p>\n<p>No matter how sanguine&nbsp;Federal Reserve&nbsp;Chair Jerome Powellisabout the topic right now, inflation will one day matter again for stocks. Just in the last few weeks, hawks have observed worrying signs in everything from a global shortage of&nbsp;computer chips&nbsp;to the biggest jump in U.S. producer prices on record.</p>\n<p>With the economic outlook brightening, Covid-19 cases falling and more fiscal stimulus on the horizon, nervousness about inflation is percolating. That means pricing power is set to become “an intriguing alpha generator” due to the wide variance in how companies cope with it, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.</p>\n<p>“Lead indicators suggest that an inflation scare may be in the making,” Levkovich wrote. “Companies with price flexibility should come out as winners.”</p>\n<p><img src=\"https://static.tigerbbs.com/1277507bef168d68d0ded84582f420d2\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Energy stocks have the best track-record during periods of rising consumer prices, according to Ned Davis. In seven out of nine cases of high inflation since 1972, the industry outperformed the S&amp;P 500 by a median of 14 percentage points, the study showed.</p>\n<p>When ranked by investment style, cyclical value stocks -- companies whose sales are more sensitive to economic swings and usually trade at relatively cheap valuations -- tend to do better when inflation runs high, Ned Davisnoted.</p>\n<p>Crude oil has surged this year, bolstered by confidence in a global economic recovery. Those bets have been reflected in the stock market, with energy producers including&nbsp;Exxon Mobil Corp.&nbsp;and&nbsp;Marathon Oil Corp.&nbsp;soaring. The industry has led gains in the S&amp;P 500 in 2021, climbing five times more than the equity benchmark.</p>\n<p>While inflation’s ramifications for the broader market are not straightforward, a look under the surface shows investors are preparing for the outcome by favoring companies with high operating leverage, or the ability to extract profits from revenue.</p>\n<p>While both sales and input costs tend to increase when inflation rises, companies with strong leverage potentially offer a safer trade. The reason is: the effect of growing revenue would outweigh the production costs.</p>\n<p>Since the start of February, a basket of stocks with the highest operating leverage that strips out industry bias has beaten the cohort of weakest ones by 1.7 percentage points, data compiled by Goldman Sachs and Bloomberg show. The gauge is poised for a fourth straight month of outperformance, the longest streak since the taper tantrum year of 2013.</p>\n<p>Higher input costs such as commodities pose little threat to overall earnings for S&amp;P 500 companies partly because some industries gain as material prices climb and others hedge exposure, according to Goldman Sachs strategists including David Kostin.</p>\n<p>Labor costs, on the other hand, are a bigger headwind, with an increase of 100 basis points in wage growth likely amounting to a 1% reduction in company profits, their estimates show. Accordingly, they advise investors to favor firms whose labor costs make up a smaller share of revenue, such as&nbsp;Under Armour Inc.&nbsp;and&nbsp;Biogen Inc.</p>\n<p>“Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,” Kostin wrote in a note earlier this month. “Historically, inflation has boosted nominal S&amp;P 500 revenues, but weighed on profit margins as companies struggled to lift prices at the same pace as rising input costs.”</p>\n<p><img src=\"https://static.tigerbbs.com/41ea1342ca16ec7686d64a4b06ac8c11\" tg-width=\"1200\" tg-height=\"802\"></p>\n<p>Societe Generale’s strategists led by Andrew Lapthorne have built a basket of stocks based on their sensitivity to metrics like fluctuations in copper and food prices. Basic materials, technology and energy shares currently make up two thirds of the portfolio.</p>\n<p>While the group has proved its worth by rising with inflation expectations in recent months, one drawback is its poor performance during times of disinflation -- something that has gripped the market for much of the past decade, theynoted. To offset that deficiency, the Societe Generale strategists designed a trade dubbed “call replication” that limits the downside risk while maximizing the upside.</p>\n<p>“When we speak to investors, they want the upside from value rallies and would like to hedge inflation risk, but most find the volatility incompatible with their risk tolerance,” Lapthorne wrote in a note Thursday. “Call replication strikes the right balance.”</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>Inflation Angst Is About to Rewrite the Stock Market Playbook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInflation Angst Is About to Rewrite the Stock Market Playbook\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 11:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operating leverage as winners\n\nFor bond investors, inflation is pretty much all bad news, eating into the ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?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":{"XOM":"埃克森美孚","F":"福特汽车",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","DIS":"迪士尼"},"source_url":"http://bloomberg.com/news/articles/2021-02-21/inflation-angst-is-about-to-rewrite-the-stock-market-playbook?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176686506","content_text":"History shows energy shares tend to be the best inflation bet\nGoldman touts firms with higher operating leverage as winners\n\nFor bond investors, inflation is pretty much all bad news, eating into the value of future returns. For equity traders, the tidings can be less categorically awful, given the ability of certain companies to wring profits from higher prices.\nWhile there will be plenty of stock-market casualties should price pressures perk up, history suggests the landscape isn’t devoid of opportunity. Energy shares have been persistent winners during times of high inflation over the past five decades, a study from Ned Davis Research shows.\nGoldman Sachs Group Inc. recommends companies better equipped to derive earnings from sales, such as automaker Ford Motor Co. and media firm Discovery Inc.To Societe Generale SA, supply and demand imbalances suggest mining shares and fertilizer producers offer better hedges should pressures build.\nNo matter how sanguine Federal Reserve Chair Jerome Powellisabout the topic right now, inflation will one day matter again for stocks. Just in the last few weeks, hawks have observed worrying signs in everything from a global shortage of computer chips to the biggest jump in U.S. producer prices on record.\nWith the economic outlook brightening, Covid-19 cases falling and more fiscal stimulus on the horizon, nervousness about inflation is percolating. That means pricing power is set to become “an intriguing alpha generator” due to the wide variance in how companies cope with it, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist.\n“Lead indicators suggest that an inflation scare may be in the making,” Levkovich wrote. “Companies with price flexibility should come out as winners.”\n\nEnergy stocks have the best track-record during periods of rising consumer prices, according to Ned Davis. In seven out of nine cases of high inflation since 1972, the industry outperformed the S&P 500 by a median of 14 percentage points, the study showed.\nWhen ranked by investment style, cyclical value stocks -- companies whose sales are more sensitive to economic swings and usually trade at relatively cheap valuations -- tend to do better when inflation runs high, Ned Davisnoted.\nCrude oil has surged this year, bolstered by confidence in a global economic recovery. Those bets have been reflected in the stock market, with energy producers including Exxon Mobil Corp. and Marathon Oil Corp. soaring. The industry has led gains in the S&P 500 in 2021, climbing five times more than the equity benchmark.\nWhile inflation’s ramifications for the broader market are not straightforward, a look under the surface shows investors are preparing for the outcome by favoring companies with high operating leverage, or the ability to extract profits from revenue.\nWhile both sales and input costs tend to increase when inflation rises, companies with strong leverage potentially offer a safer trade. The reason is: the effect of growing revenue would outweigh the production costs.\nSince the start of February, a basket of stocks with the highest operating leverage that strips out industry bias has beaten the cohort of weakest ones by 1.7 percentage points, data compiled by Goldman Sachs and Bloomberg show. The gauge is poised for a fourth straight month of outperformance, the longest streak since the taper tantrum year of 2013.\nHigher input costs such as commodities pose little threat to overall earnings for S&P 500 companies partly because some industries gain as material prices climb and others hedge exposure, according to Goldman Sachs strategists including David Kostin.\nLabor costs, on the other hand, are a bigger headwind, with an increase of 100 basis points in wage growth likely amounting to a 1% reduction in company profits, their estimates show. Accordingly, they advise investors to favor firms whose labor costs make up a smaller share of revenue, such as Under Armour Inc. and Biogen Inc.\n“Many investors believe the spending boost will lead to higher inflation and interest rates, which would reduce the value of equity duration and increase the importance of near-term growth,” Kostin wrote in a note earlier this month. “Historically, inflation has boosted nominal S&P 500 revenues, but weighed on profit margins as companies struggled to lift prices at the same pace as rising input costs.”\n\nSociete Generale’s strategists led by Andrew Lapthorne have built a basket of stocks based on their sensitivity to metrics like fluctuations in copper and food prices. Basic materials, technology and energy shares currently make up two thirds of the portfolio.\nWhile the group has proved its worth by rising with inflation expectations in recent months, one drawback is its poor performance during times of disinflation -- something that has gripped the market for much of the past decade, theynoted. To offset that deficiency, the Societe Generale strategists designed a trade dubbed “call replication” that limits the downside risk while maximizing the upside.\n“When we speak to investors, they want the upside from value rallies and would like to hedge inflation risk, but most find the volatility incompatible with their risk tolerance,” Lapthorne wrote in a note Thursday. “Call replication strikes the right balance.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3551655093075927","authorId":"3551655093075927","name":"KLS","avatar":"https://static.tigerbbs.com/60fe00969bbce4cfecf0d17a38c77628","crmLevel":4,"crmLevelSwitch":0,"idStr":"3551655093075927","authorIdStr":"3551655093075927"},"content":"like and comment","text":"like and comment","html":"like and comment"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384312901,"gmtCreate":1613614224203,"gmtModify":1704882723579,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/384312901","repostId":"1115540467","repostType":4,"repost":{"id":"1115540467","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613613942,"share":"https://ttm.financial/m/news/1115540467?lang=&edition=fundamental","pubTime":"2021-02-18 10:05","market":"us","language":"en","title":"Players in GameStop market drama make their case to lawmakers","url":"https://stock-news.laohu8.com/highlight/detail?id=1115540467","media":"Reuters","summary":"(Reuters) - Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouT","content":"<p>(Reuters) - Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouTube streamer known as Roaring Kitty on Wednesday defended their roles in GameStop’s Reddit-fueled stock rally before they face a grilling by lawmakers.</p><p>They insisted that while the market turmoil around the stock was unprecedented, there was no foul play, according to official testimony published by the House Financial Services Committee a day before a scheduled hearing. (bit.ly/3pucdNd)</p><p>Last month’s Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade clearing houses that guarantee trades to call for billions of dollars in collateral from Robinhood and other retail trading platforms.</p><p>In response, many suspended buying in the affected stocks on Jan. 28. This outraged lawmakers, who questioned if the trading platforms were siding with hedge funds that had bet against the shares over Mom and Pop investors.</p><p>Vladimir Tenev, CEO of online brokerage Robinhood, wrote in his testimony that the decision to halt buying was solely due to the need to meet regulatory capital requirements.</p><p>Gabriel Plotkin said he was “humbled” when his hedge fund Melvin Capital Management suffered significant losses on the short end of the trade, but insisted his firm did not push Robinhood to suspend trading.</p><p>Likewise, Ken Griffin, CEO of hedge fund Citadel LLC and majority owner of Citadel Securities, a market maker that handles most of Robinhood’s customer orders, disputed speculation that his firm tried to influence Robinhood’s decision.</p><p>“I want to be perfectly clear: We had no role in Robinhood’s decision to limit trading in GameStop or any other of the ‘meme’ stocks. I first learned of Robinhood’s trading restrictions only after they were publicly announced,” he wrote.</p><p>Keith Gill, who touted his GameStop investment for months on his Roaring Kitty YouTube channel and Reddit, insisted his position was solely based on publicly known fundamentals of the business and it was “preposterous” to suggest he sought to entice unwitting investors to buy shares.</p><p>Reddit CEO Steve Huffman said the company had analyzed traffic on the Reddit sub-feed WallStreetBets where users congregate to discuss stocks. The company found no bots, foreign agents or bad actors played a significant role in a traffic that helped drive interest in GameStop.</p><p>“WallStreetBets is first and foremost a real community,” he said.</p><p>On Thursday, the House committee will hear from the five men, as well as from Jennifer Schulp, director of financial regulation studies at the Cato Institute.</p><p>Lawmakers have directed most of their ire at Robinhood, but Tenev insisted his company had little choice but to suspend buying. He provided extensive detail on demands from clearing houses for the firm to put up billions of dollars in additional collateral to meet regulatory requirements.</p><p>He also dismissed the idea that Robinhood acted at behest of any hedge funds, calling such speculation “absolutely false and market-distorting rhetoric,” while noting its customer agreement and securities rules give it discretion to freeze trading.</p><p>Griffin used the opportunity to point to flaws in the post-trade infrastructure, noting that faster settlement times and “transparent clearing house capital requirements,” could help reduce risks to brokers like Robinhood and its customers.</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>Players in GameStop market drama make their case to lawmakers</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\">\nPlayers in GameStop market drama make their case to lawmakers\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-18 10:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouTube streamer known as Roaring Kitty on Wednesday defended their roles in GameStop’s Reddit-fueled stock rally before they face a grilling by lawmakers.</p><p>They insisted that while the market turmoil around the stock was unprecedented, there was no foul play, according to official testimony published by the House Financial Services Committee a day before a scheduled hearing. (bit.ly/3pucdNd)</p><p>Last month’s Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade clearing houses that guarantee trades to call for billions of dollars in collateral from Robinhood and other retail trading platforms.</p><p>In response, many suspended buying in the affected stocks on Jan. 28. This outraged lawmakers, who questioned if the trading platforms were siding with hedge funds that had bet against the shares over Mom and Pop investors.</p><p>Vladimir Tenev, CEO of online brokerage Robinhood, wrote in his testimony that the decision to halt buying was solely due to the need to meet regulatory capital requirements.</p><p>Gabriel Plotkin said he was “humbled” when his hedge fund Melvin Capital Management suffered significant losses on the short end of the trade, but insisted his firm did not push Robinhood to suspend trading.</p><p>Likewise, Ken Griffin, CEO of hedge fund Citadel LLC and majority owner of Citadel Securities, a market maker that handles most of Robinhood’s customer orders, disputed speculation that his firm tried to influence Robinhood’s decision.</p><p>“I want to be perfectly clear: We had no role in Robinhood’s decision to limit trading in GameStop or any other of the ‘meme’ stocks. I first learned of Robinhood’s trading restrictions only after they were publicly announced,” he wrote.</p><p>Keith Gill, who touted his GameStop investment for months on his Roaring Kitty YouTube channel and Reddit, insisted his position was solely based on publicly known fundamentals of the business and it was “preposterous” to suggest he sought to entice unwitting investors to buy shares.</p><p>Reddit CEO Steve Huffman said the company had analyzed traffic on the Reddit sub-feed WallStreetBets where users congregate to discuss stocks. The company found no bots, foreign agents or bad actors played a significant role in a traffic that helped drive interest in GameStop.</p><p>“WallStreetBets is first and foremost a real community,” he said.</p><p>On Thursday, the House committee will hear from the five men, as well as from Jennifer Schulp, director of financial regulation studies at the Cato Institute.</p><p>Lawmakers have directed most of their ire at Robinhood, but Tenev insisted his company had little choice but to suspend buying. He provided extensive detail on demands from clearing houses for the firm to put up billions of dollars in additional collateral to meet regulatory requirements.</p><p>He also dismissed the idea that Robinhood acted at behest of any hedge funds, calling such speculation “absolutely false and market-distorting rhetoric,” while noting its customer agreement and securities rules give it discretion to freeze trading.</p><p>Griffin used the opportunity to point to flaws in the post-trade infrastructure, noting that faster settlement times and “transparent clearing house capital requirements,” could help reduce risks to brokers like Robinhood and its customers.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115540467","content_text":"(Reuters) - Wall Street hedge fund managers, the chief executives of Robinhood and Reddit and a YouTube streamer known as Roaring Kitty on Wednesday defended their roles in GameStop’s Reddit-fueled stock rally before they face a grilling by lawmakers.They insisted that while the market turmoil around the stock was unprecedented, there was no foul play, according to official testimony published by the House Financial Services Committee a day before a scheduled hearing. (bit.ly/3pucdNd)Last month’s Reddit rally drove massive volatility in GameStop and other shares, prompting the post-trade clearing houses that guarantee trades to call for billions of dollars in collateral from Robinhood and other retail trading platforms.In response, many suspended buying in the affected stocks on Jan. 28. This outraged lawmakers, who questioned if the trading platforms were siding with hedge funds that had bet against the shares over Mom and Pop investors.Vladimir Tenev, CEO of online brokerage Robinhood, wrote in his testimony that the decision to halt buying was solely due to the need to meet regulatory capital requirements.Gabriel Plotkin said he was “humbled” when his hedge fund Melvin Capital Management suffered significant losses on the short end of the trade, but insisted his firm did not push Robinhood to suspend trading.Likewise, Ken Griffin, CEO of hedge fund Citadel LLC and majority owner of Citadel Securities, a market maker that handles most of Robinhood’s customer orders, disputed speculation that his firm tried to influence Robinhood’s decision.“I want to be perfectly clear: We had no role in Robinhood’s decision to limit trading in GameStop or any other of the ‘meme’ stocks. I first learned of Robinhood’s trading restrictions only after they were publicly announced,” he wrote.Keith Gill, who touted his GameStop investment for months on his Roaring Kitty YouTube channel and Reddit, insisted his position was solely based on publicly known fundamentals of the business and it was “preposterous” to suggest he sought to entice unwitting investors to buy shares.Reddit CEO Steve Huffman said the company had analyzed traffic on the Reddit sub-feed WallStreetBets where users congregate to discuss stocks. The company found no bots, foreign agents or bad actors played a significant role in a traffic that helped drive interest in GameStop.“WallStreetBets is first and foremost a real community,” he said.On Thursday, the House committee will hear from the five men, as well as from Jennifer Schulp, director of financial regulation studies at the Cato Institute.Lawmakers have directed most of their ire at Robinhood, but Tenev insisted his company had little choice but to suspend buying. He provided extensive detail on demands from clearing houses for the firm to put up billions of dollars in additional collateral to meet regulatory requirements.He also dismissed the idea that Robinhood acted at behest of any hedge funds, calling such speculation “absolutely false and market-distorting rhetoric,” while noting its customer agreement and securities rules give it discretion to freeze trading.Griffin used the opportunity to point to flaws in the post-trade infrastructure, noting that faster settlement times and “transparent clearing house capital requirements,” could help reduce risks to brokers like Robinhood and its customers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196667513,"gmtCreate":1621049893532,"gmtModify":1704352457828,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196667513","repostId":"1111018641","repostType":4,"repost":{"id":"1111018641","kind":"news","pubTimestamp":1621000588,"share":"https://ttm.financial/m/news/1111018641?lang=&edition=fundamental","pubTime":"2021-05-14 21:56","market":"us","language":"en","title":"Opinion: Why any stock market rally right now will be quick","url":"https://stock-news.laohu8.com/highlight/detail?id=1111018641","media":"MarketWatch","summary":"Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect th","content":"<blockquote>\n <b>Market-timers are running with the bulls but quick to turn bearish.</b>\n</blockquote>\n<p>Contrarian investors suspect that the stock market’s recent decline has run its course — for now.</p>\n<p>That’s because these market timers, especially those who focus on the NasdaqNDX,1.07%market in particular, have become sufficiently bearish that the short-term path of least resistance has turned up. Still, it’s not clear that any new rally will have much lasting power. An even more serious U.S. market decline cannot be ruled out over the coming couple of months.</p>\n<p>For now, the recent decline appears to have been quite modest by historical standards, smaller even than what satisfies the semi-official definition of a correction as a 10% decline. Before Thursday’s big rally, the Dow Jones Industrial AverageDJIA,0.85%had fallen around 1,200 points from its previous all-time high, or 3.4%. The S&amp;P 500SPX,0.98%was 4.0% below its high, and the Nasdaq CompositeCOMP,1.13%was down 7.8%.</p>\n<p>Consider how the Nasdaq-focused market timers reacted to these declines. As you can see from the chart below, their average recommended equity exposure (as represented by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI) fell to minus 10.7%. That means that the Nasdaq-focused market timers are now recommending that their clients allocate an average of 10.7% of their equity trading portfolios to going short. As recently as April 29, this average exposure level stood at plus 83.6%.</p>\n<p><img src=\"https://static.tigerbbs.com/d550f647619d600d419397967f7bb778\" tg-width=\"1260\" tg-height=\"928\"></p>\n<p>That reflects a remarkably quick rush for the exits — 94.3 percentage points in just 10 trading sessions. In fact, out of the 5,000+ trading days since 2000, there have been only 18 — 0.3% — in which the HNNSI’s decline over the trailing 10 days was greater.</p>\n<p>To appreciate the contrarian significance of this, consider that, on average following those past few occasions when the HNNSI declined by this much and this fast, the Nasdaq Composite was 5.3% higher in one month’s time.</p>\n<p>Why, then, haven’t the contrarians become more bullish? The answer is also evident in the chart: The HNNSI’s plunge over the past 10 days stopped well short of the excessive bearish zone, defined as being in the bottom 10% of the historical distribution. That zone is represented by the beige-shaded box at the bottom of the chart.</p>\n<p>The last time the HNNSI fell into that zone was in March 2020. That was when the market’s “wall of worry” became incredibly strong and was able to support an impressive rally. That wall today is not as strong.</p>\n<p>The sentiment picture that the recent data are painting shows the market timers to be trigger-happy. They are quick to jump on the bullish bandwagon when the market rallies, and then jump on the bearish bandwagon when the market declines. As a result, both rallies and declines tend to be short-lived.</p>\n<p>A longer-lasting rally will require more extreme bearishness among the market timers, and for them to stubbornly hold onto their bearishness in the wake of the rally’s initial liftoff. Except for that to happen, the market to itself most likely would have to suffer a worse decline than we’ve experienced in recent days. In the meantime, enjoy this rally — while it lasts.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Opinion: Why any stock market rally right now will be quick</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\">\nOpinion: Why any stock market rally right now will be quick\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-14 21:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect that the stock market’s recent decline has run its course — for now.\nThat’s because these market ...</p>\n\n<a href=\"https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?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":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/why-any-stock-market-rally-right-now-will-be-quick-11620958836?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111018641","content_text":"Market-timers are running with the bulls but quick to turn bearish.\n\nContrarian investors suspect that the stock market’s recent decline has run its course — for now.\nThat’s because these market timers, especially those who focus on the NasdaqNDX,1.07%market in particular, have become sufficiently bearish that the short-term path of least resistance has turned up. Still, it’s not clear that any new rally will have much lasting power. An even more serious U.S. market decline cannot be ruled out over the coming couple of months.\nFor now, the recent decline appears to have been quite modest by historical standards, smaller even than what satisfies the semi-official definition of a correction as a 10% decline. Before Thursday’s big rally, the Dow Jones Industrial AverageDJIA,0.85%had fallen around 1,200 points from its previous all-time high, or 3.4%. The S&P 500SPX,0.98%was 4.0% below its high, and the Nasdaq CompositeCOMP,1.13%was down 7.8%.\nConsider how the Nasdaq-focused market timers reacted to these declines. As you can see from the chart below, their average recommended equity exposure (as represented by the Hulbert Nasdaq Newsletter Sentiment Index, or HNNSI) fell to minus 10.7%. That means that the Nasdaq-focused market timers are now recommending that their clients allocate an average of 10.7% of their equity trading portfolios to going short. As recently as April 29, this average exposure level stood at plus 83.6%.\n\nThat reflects a remarkably quick rush for the exits — 94.3 percentage points in just 10 trading sessions. In fact, out of the 5,000+ trading days since 2000, there have been only 18 — 0.3% — in which the HNNSI’s decline over the trailing 10 days was greater.\nTo appreciate the contrarian significance of this, consider that, on average following those past few occasions when the HNNSI declined by this much and this fast, the Nasdaq Composite was 5.3% higher in one month’s time.\nWhy, then, haven’t the contrarians become more bullish? The answer is also evident in the chart: The HNNSI’s plunge over the past 10 days stopped well short of the excessive bearish zone, defined as being in the bottom 10% of the historical distribution. That zone is represented by the beige-shaded box at the bottom of the chart.\nThe last time the HNNSI fell into that zone was in March 2020. That was when the market’s “wall of worry” became incredibly strong and was able to support an impressive rally. That wall today is not as strong.\nThe sentiment picture that the recent data are painting shows the market timers to be trigger-happy. They are quick to jump on the bullish bandwagon when the market rallies, and then jump on the bearish bandwagon when the market declines. As a result, both rallies and declines tend to be short-lived.\nA longer-lasting rally will require more extreme bearishness among the market timers, and for them to stubbornly hold onto their bearishness in the wake of the rally’s initial liftoff. Except for that to happen, the market to itself most likely would have to suffer a worse decline than we’ve experienced in recent days. In the meantime, enjoy this rally — while it lasts.","news_type":1},"isVote":1,"tweetType":1,"viewCount":617,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":342170694,"gmtCreate":1618193541718,"gmtModify":1704707327913,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/342170694","repostId":"1130321704","repostType":4,"repost":{"id":"1130321704","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1618192147,"share":"https://ttm.financial/m/news/1130321704?lang=&edition=fundamental","pubTime":"2021-04-12 09:49","market":"hk","language":"en","title":"Alibaba says to lower entry barriers after record antitrust fine, shares rally","url":"https://stock-news.laohu8.com/highlight/detail?id=1130321704","media":"Reuters","summary":"Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of ex","content":"<p>Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China’s regulators, after an anti-trust probe found the firm had abused its dominant market position.</p>\n<p>Alibaba Group Holdings Ltd , China’s largest e-commerce company, will introduce measures to lower entry barriers and business costs faced by merchants on its platforms, Zhang told an online conference for media and analysts.</p>\n<p>China on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach.</p>\n<p>The e-commerce giant has come under intense scrutiny since billionaire founder Jack Ma’s public criticism of the Chinese regulatory system in October.</p>\n<p>Hong Kong shares of the company were up 4.2% in the opening trade on Monday.</p>\n<p>“Now the penalty is determined, the market’s uncertainty about Alibaba will be reduced,” Everbright Sun Hung Kai analyst Kenny Ng said. “Alibaba’s stock price has lagged behind the overall emerging economy stocks for some time in the past. The implementation of this penalty is expected to allow Alibaba’s stock price to regain market attention.”</p>\n<p>The State Administration for Market Regulation (SAMR) said it had determined Alibaba, which is also listed in New York, had prevented its merchants from using other online e-commerce platforms.</p>\n<p>The practice, which the SAMR has previously spelt out as illegal, violates China’s antimonopoly law by hindering the free circulation of goods and infringing on the business interests of merchants, the regulator said.</p>\n<p>Alibaba and its peers remain under review for mergers and acquisitions from the market regulator, Vice Chairman Joe Tsai told the briefing, adding he was not aware of any other anti-monopoly-related investigations.</p>\n<p>The impact of the regulator’s fine on Alibaba will be reflected in the group’s net income in the March quarter, Chief Financial Officer Maggie Wu said.</p>\n<p>Aside from imposing the fine, among the highest ever antitrust penalties globally, the SAMR ordered Alibaba to make “thorough rectifications” to strengthen internal compliance and protect consumer rights.</p>\n<p>Alibaba said it accepted the penalty and “will ensure its compliance with determination”.</p>\n<p>The fine is more than double the $975 million paid in China by Qualcomm, the world’s biggest supplier of mobile phone chips, in 2015 for anticompetitive practices.</p>\n<p>The penalty on Alibaba also comes against the backdrop of regulators globally, including in the United States and Europe, carrying out tougher antitrust reviews of tech giants such as Alphabet Inc’s Google and Facebook Inc.</p>\n<p>($1 = 6.5522 Chinese yuan)</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>Alibaba says to lower entry barriers after record antitrust fine, shares rally</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAlibaba says to lower entry barriers after record antitrust fine, shares rally\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-12 09:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China’s regulators, after an anti-trust probe found the firm had abused its dominant market position.</p>\n<p>Alibaba Group Holdings Ltd , China’s largest e-commerce company, will introduce measures to lower entry barriers and business costs faced by merchants on its platforms, Zhang told an online conference for media and analysts.</p>\n<p>China on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach.</p>\n<p>The e-commerce giant has come under intense scrutiny since billionaire founder Jack Ma’s public criticism of the Chinese regulatory system in October.</p>\n<p>Hong Kong shares of the company were up 4.2% in the opening trade on Monday.</p>\n<p>“Now the penalty is determined, the market’s uncertainty about Alibaba will be reduced,” Everbright Sun Hung Kai analyst Kenny Ng said. “Alibaba’s stock price has lagged behind the overall emerging economy stocks for some time in the past. The implementation of this penalty is expected to allow Alibaba’s stock price to regain market attention.”</p>\n<p>The State Administration for Market Regulation (SAMR) said it had determined Alibaba, which is also listed in New York, had prevented its merchants from using other online e-commerce platforms.</p>\n<p>The practice, which the SAMR has previously spelt out as illegal, violates China’s antimonopoly law by hindering the free circulation of goods and infringing on the business interests of merchants, the regulator said.</p>\n<p>Alibaba and its peers remain under review for mergers and acquisitions from the market regulator, Vice Chairman Joe Tsai told the briefing, adding he was not aware of any other anti-monopoly-related investigations.</p>\n<p>The impact of the regulator’s fine on Alibaba will be reflected in the group’s net income in the March quarter, Chief Financial Officer Maggie Wu said.</p>\n<p>Aside from imposing the fine, among the highest ever antitrust penalties globally, the SAMR ordered Alibaba to make “thorough rectifications” to strengthen internal compliance and protect consumer rights.</p>\n<p>Alibaba said it accepted the penalty and “will ensure its compliance with determination”.</p>\n<p>The fine is more than double the $975 million paid in China by Qualcomm, the world’s biggest supplier of mobile phone chips, in 2015 for anticompetitive practices.</p>\n<p>The penalty on Alibaba also comes against the backdrop of regulators globally, including in the United States and Europe, carrying out tougher antitrust reviews of tech giants such as Alphabet Inc’s Google and Facebook Inc.</p>\n<p>($1 = 6.5522 Chinese yuan)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130321704","content_text":"Alibaba CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China’s regulators, after an anti-trust probe found the firm had abused its dominant market position.\nAlibaba Group Holdings Ltd , China’s largest e-commerce company, will introduce measures to lower entry barriers and business costs faced by merchants on its platforms, Zhang told an online conference for media and analysts.\nChina on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach.\nThe e-commerce giant has come under intense scrutiny since billionaire founder Jack Ma’s public criticism of the Chinese regulatory system in October.\nHong Kong shares of the company were up 4.2% in the opening trade on Monday.\n“Now the penalty is determined, the market’s uncertainty about Alibaba will be reduced,” Everbright Sun Hung Kai analyst Kenny Ng said. “Alibaba’s stock price has lagged behind the overall emerging economy stocks for some time in the past. The implementation of this penalty is expected to allow Alibaba’s stock price to regain market attention.”\nThe State Administration for Market Regulation (SAMR) said it had determined Alibaba, which is also listed in New York, had prevented its merchants from using other online e-commerce platforms.\nThe practice, which the SAMR has previously spelt out as illegal, violates China’s antimonopoly law by hindering the free circulation of goods and infringing on the business interests of merchants, the regulator said.\nAlibaba and its peers remain under review for mergers and acquisitions from the market regulator, Vice Chairman Joe Tsai told the briefing, adding he was not aware of any other anti-monopoly-related investigations.\nThe impact of the regulator’s fine on Alibaba will be reflected in the group’s net income in the March quarter, Chief Financial Officer Maggie Wu said.\nAside from imposing the fine, among the highest ever antitrust penalties globally, the SAMR ordered Alibaba to make “thorough rectifications” to strengthen internal compliance and protect consumer rights.\nAlibaba said it accepted the penalty and “will ensure its compliance with determination”.\nThe fine is more than double the $975 million paid in China by Qualcomm, the world’s biggest supplier of mobile phone chips, in 2015 for anticompetitive practices.\nThe penalty on Alibaba also comes against the backdrop of regulators globally, including in the United States and Europe, carrying out tougher antitrust reviews of tech giants such as Alphabet Inc’s Google and Facebook Inc.\n($1 = 6.5522 Chinese yuan)","news_type":1},"isVote":1,"tweetType":1,"viewCount":489,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353022423,"gmtCreate":1616434617262,"gmtModify":1704794133991,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Semicon!!!","listText":"Semicon!!!","text":"Semicon!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/353022423","repostId":"1155582622","repostType":4,"repost":{"id":"1155582622","kind":"news","pubTimestamp":1616426086,"share":"https://ttm.financial/m/news/1155582622?lang=&edition=fundamental","pubTime":"2021-03-22 23:14","market":"us","language":"en","title":"Taiwan Semiconductor: High Ground Versus Low Ground","url":"https://stock-news.laohu8.com/highlight/detail?id=1155582622","media":"seekingalpha","summary":"Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.TSMC’s high-ground scenario includes possessing  the most advanced high-end technology,  the largest and still rising market share, and  15% annual revenue growth from $28 billion capex.If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s lev","content":"<p><b>Summary</b></p>\n<ul>\n <li>Taiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.</li>\n <li>TSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.</li>\n <li>TSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.</li>\n <li>If considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.</li>\n <li>The real excitement is that TSM may reach $170 by 2022.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59820ae2f73b142d92ed1e65f1b1085d\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Sundry Photography/iStock Editorial via Getty Images</span></p>\n<p>It is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said&nbsp;Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,<i>Stiftung Neue Verantwortung</i>.</p>\n<p>TSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.</p>\n<p>For that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.</p>\n<p><b>TSMC’s High Ground</b></p>\n<p>The best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:</p>\n<p><b>Most advanced high-end technology supports TSMC’s long-term structural growth.</b>Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and&nbsp;60% of its production.By 2020, TSMC has delivered&nbsp;over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working&nbsp;on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.</p>\n<p><img src=\"https://static.tigerbbs.com/068ca2e4582ecb2e1a44f88ec1093900\" tg-width=\"640\" tg-height=\"429\"></p>\n<p><b>The market share hits</b>&nbsp;<b>54%</b>&nbsp;<b>and expects to rise.</b>After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.</p>\n<p><b>Short-term demand remains robust in the logic semi space.</b>Thanks to WFH-induced global chip shortage<b>,</b>full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.</p>\n<p><b>TSMC should see more corroboration</b>&nbsp;of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in&nbsp;AMD&nbsp;CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).</p>\n<p><b>The $28 billion capex spending</b>&nbsp;reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.</p>\n<p><b>TSMC’s Low Ground</b></p>\n<p>The low-ground case would include several negative factors on the horizon that the high-ground case does not consider:</p>\n<p><b>Decreasing utilization rate results from fading WFH demand.</b>TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated&nbsp;that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.</p>\n<p><b>Medium-term inventory correction is inevitable.</b>Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).</p>\n<p><img src=\"https://static.tigerbbs.com/27ebf5f3771333335e3ec84dda7798fc\" tg-width=\"640\" tg-height=\"336\"></p>\n<p><b>Average selling price (ASP) may go down.</b>TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho&nbsp;estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.</p>\n<p><b>Weakening USD (Strengthening TWD) cuts into EPS.</b>Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on&nbsp;Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.</p>\n<p><b>$28 billion Capex may dilute dividend payment</b>. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget&nbsp;may cut into&nbsp;the company's free cash flow and lead to greater volatility in the dividend.</p>\n<p><b>From Future Financials to Future Stock Prices</b></p>\n<p>After the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.</p>\n<p><img src=\"https://static.tigerbbs.com/6d8598e14f696255c7faa92760ef906f\" tg-width=\"640\" tg-height=\"329\"><img src=\"https://static.tigerbbs.com/ed9aa585df33e69929a8a843f28e00f3\" tg-width=\"640\" tg-height=\"325\"></p>\n<p>Keep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.</p>\n<p><b>High-Ground vs. Low-Ground Share Prices</b></p>\n<p>For high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).</p>\n<p><img src=\"https://static.tigerbbs.com/ad3a771ad144f1a71a405203b9b19b58\" tg-width=\"640\" tg-height=\"345\"></p>\n<p>In Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.</p>\n<p><img src=\"https://static.tigerbbs.com/46ff924f4d6ece1e451e1ca16ddc2070\" tg-width=\"640\" tg-height=\"382\"></p>\n<p>It is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).</p>\n<p><b>Takeaways</b></p>\n<p>Being the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).</p>\n<p>If considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.</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>Taiwan Semiconductor: High Ground Versus Low Ground</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; 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}\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\">\nTaiwan Semiconductor: High Ground Versus Low Ground\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 23:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"https://seekingalpha.com/article/4415213-taiwan-semiconductor-stock-high-ground-versus-low-ground","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1155582622","content_text":"Summary\n\nTaiwan Semiconductor Manufacturing Co., or TSMC, is at a \"choke point\" in the semiconductor supply chain, where the company can benefit from the rigidity of industry capacity expansion to meet demand surge.\nTSMC’s high-ground scenario includes possessing (1) the most advanced high-end technology, (2) the largest and still rising market share, and (3) 15% annual revenue growth from $28 billion capex.\nTSMC’s future low-ground scenario includes (1) declining utilization rates due to fading WFH demand, (2) USD depreciations cutting into EPS, and (3) $28 billion capex cutting into future dividend payments.\nIf considering both the high-ground and low-ground cases, TSM is reasonably valued at the current $110’s level with a moderate upside for 2021.\nThe real excitement is that TSM may reach $170 by 2022.\n\nPhoto by Sundry Photography/iStock Editorial via Getty Images\nIt is hardly an exaggeration to call Taiwan Semiconductor Manufacturing Company(NYSE:TSM)(“TSMC”) the most important company in the world. At the very least, Taiwanese call TSMC their “Protecting Taiwan God Mountain.” Considering it is practically the “choke point” of the $470 billion global semiconductor industry, TSMC is also “potentially the most single point of failure in the semiconductor value chain,”said Jan-Peter Kleinhans, Director of the technology and geopolitics project at Berlin-based think tank,Stiftung Neue Verantwortung.\nTSMC processes the most advanced foundry technology and the largest market share (54%) in a capacity-constrained industry. Obviously, both the company and the stock have benefited significantly from the limitation of capacity expansion to meet the surging demand. In 2020, TSMC’s revenue has grown 25%, while the stock went up over 90%. It appears that their stock has looked beyond the recent financial performance.\nFor that purpose, in this post, I described TSMC's future with a best-case and a worst-case scenario, respectively. TSMC's high-ground is that the structural growth drivers should remain intact if the company can retain the technological advances to create a wider chip platform to support the long-term growth of AI and HPC. Short-term demand should stay strong due to the global chip shortage and possible Intel outsourcing. However, TSMC should also expect the low-ground cases that are mainly from the decreasing utilization rate, weakening USD, higher capital expenditure diluting future dividend payments, the market-wide rising yield effect, and valuation correction. I also mapped out the path of TSMC future share price movements under each scenario. Given a higher likelihood for the high-ground case, TSMC may have a 20% upside in the next 12 months and a 70% upside in the next 24 months.\nTSMC’s High Ground\nThe best-case scenario assumes that TSMC will retain most of the following favorable factors which have contributed to TSMC’s 2020 gain:\nMost advanced high-end technology supports TSMC’s long-term structural growth.Compared amongst peers, TSMC is easily the leader in the arcane Extreme Ultra Violet (ELV) process, where it has half the world’s installed base and 60% of its production.By 2020, TSMC has delivered over 1 billion 7 nm chips, while Intel(NASDAQ:INTC)is still struggling to master its 7nm process. TSMC’s 5nm chips has lower defect rates than it did at this point in its 7nm development. It is already ramping up for 3 nm production by the end of 2022 and has begun working on the 2 nm process(see figure below). The lead in technology is the basis for the structural growth drivers which should remain intact in the next few years, with TSMC being the key enabler of this AI/HPC revolution.\n\nThe market share hits 54% and expects to rise.After reporting record revenue in 2020 based on demand for 5G smartphones, notebooks for teleworking and high-performance computers, TSMC reached a commanding 54% market share with the next competitor, Samsung Electronics(OTC:SSNLF)at a distant 18%. It is expected that TSMC’s market share dominance may continue as Apple(NASDAQ:AAPL)remains TSMC’s major customer and will give the Taiwanese firm more business for chips made with its most advanced technology.\nShort-term demand remains robust in the logic semi space.Thanks to WFH-induced global chip shortage,full utilization nearly across all process nodes (especially tight at 7nm, 40nm and 8\") with continued 28nm utilization improvement. The better-than-expected crypto miner ASIC demand helping to fill the gap of 5nm capacity slack due to iPhone order cuts and Apple seasonality.\nTSMC should see more corroboration of growth momentum in HPC, potential Intel CPU orders at 3nm, faster growth in AMD CPU, and Nvidia’s(NASDAQ:NVDA)AI accelerators. Intel outsourcing, if executed, is estimated to add 1% to TSMC’s revenue (Mizuho).\nThe $28 billion capex spending reflects management's confidence about advanced node chips' long-term demand strength and possible 15% compound annual revenue growth in the next 2-3 years.\nTSMC’s Low Ground\nThe low-ground case would include several negative factors on the horizon that the high-ground case does not consider:\nDecreasing utilization rate results from fading WFH demand.TSMC has operated at full capacity for a while; however, weaker-than-expected demand and macro conditions may lead to downside risk for utilization rate forecasts.It is estimated that every 1% decline in the utilization rate could result in 4%-5% downside to the 2021-2022 EPS estimates.\nMedium-term inventory correction is inevitable.Inventory correction from a fading WFH demand is expected in 2H21. Logic semi inventory restocking has lasted for 6-7 quarters by 1Q21. While near-term demand indicators remain solid in the logic semi space, it is likely that there will be some inventory correction after 2022, as suggested by the analyst forecasts (Figure 2). However, JP Morgan predicts that end demand drivers for TSMC are likely to become more structural rather than cyclical in the future, with revenues from HPC likely to crossover those from smartphones by 2023. Consequently, TSMC could fare better during logic semi down cycle and recover faster from the trough vs other tier-2 Foundries (JP Morgan).\n\nAverage selling price (ASP) may go down.TSMC has benefited from a 6% increase in ASP in 2021/22. However, the advantage has been reduced due to pricing competition from Samsung.Mizuho estimated that every 1% fall in ASP could result in 2%-3% downside for our EPS estimates for 2021-22.\nWeakening USD (Strengthening TWD) cuts into EPS.Approximately 99% of TSMC’s sales are denominated in US dollars, but only 15% of its Cost of Goods Sold is in US dollars. Thus, TWD appreciation impacts the company’s gross margin. Based on Mizuho’s estimate,every 1% TWD appreciation could lead to 1%-2% downside to EPS estimates for 2021-22.\n$28 billion Capex may dilute dividend payment. Taiwan Semiconductor's 1Q guidance of 23% year-over-year revenue growth indicates stronger sales of computing processors and automotive chips may offset the seasonality of smartphone chips. The $28 billion full-year capital budget may cut into the company's free cash flow and lead to greater volatility in the dividend.\nFrom Future Financials to Future Stock Prices\nAfter the high-ground and low-ground scenarios are developed, I will explain how to convert forecast financials into future stock prices: If a stock is priced based on its forecast financials at each point in time, I should first find those financial metrics which have traditionally affected the stock prices. A historical relationship between the historical stock prices and these financial metrics is first identified (multiple regression method). Then, the current forecast of these financial metrics at different future time point can be used to generate the future stock price targets. Historically, TSMC's stock prices are known to react to consensus forecasts of revenue, EPS, gross margin, capital expenditure, and free cash flow or dividend, e.g., the relationships in Figures 1A-1B.\n\nKeep in mind that although I used historical data to estimate a historical relationship, it is still a forward-looking process. This is because, at any point in time in history, TSMC's price is estimated by the forward estimates of the five financial metrics at that time. The only assumption I made is that investors used the same (forward-looking) valuation structure to price stocks consistently. Using the relationship and the analysts' next 10-quarter estimates of the five metrics, I was able to compute the future stock prices corresponding to those forward financials.\nHigh-Ground vs. Low-Ground Share Prices\nFor high-ground scenario, I used the normal relationship which assumes TSMC stock price is determined by forecast quarterly revenue, EPS, capital expenditure, and dividend estimates. For low-ground scenario, I included additional negative factors of expected 10-year Treasury yield up moves (from futures contracts), the future USD depreciation (from futures contracts), the forecast higher inventory, and forecast distant revenue growth rates (for lower utilization rates).\n\nIn Figure 2, I showed the high-ground prices in red, the low-ground prices in green and the actual TSMC price in black. Of course, after Q1 2021, only predicted prices are available. If you can go along with my approach, Figure 3 becomes quite telling. First of all, up till today, both predicted prices seem to map the actual stock price quite closely, the tight relationship implicitly validate the power of the models. It is also expected both scenarios behaved very similarly because all the additional (negative) factors included in the low-ground case are more relevant in the next few quarters. This is why the high-ground price explains the realty better until today, as both actual and high-ground prices are around $118 at Q1 2021, while low-ground price is at $81.\n\nIt is more important to see how the future share price plays out under each scenario. Table 1 indicates that the high-ground prices consistently trade at a $40 premium over the low-ground price and eventually to over $80 premium by Q4 2022. Of course, you can assign your own estimates on the chance that each scenario will happen. Due to the short-term nature of all the negative factors, my own guess is biased to the high-ground, fundamental picture of TSMC. Using a 30% low-ground/70% high-ground guess, the resulting TSMC future share price may be relatively flat in 2021 but will take off to $170 by the end of 2022 (Table 1).\nTakeaways\nBeing the largest player in a critically important space, TSMC is at the choke point that gives the company an advantage to benefit from the rigidity of capacity expansion to meet demand surge (high ground). It appears that TSMC share price has already priced in this advantage. But like all other tech stocks, TSM has not priced in the rising yields, fading WFH demand, high valuation, and future competitors’ challenges (low ground).\nIf considering both the high ground and low ground cases, TSM is reasonably valued at the current $110’s level. But share price is expected to have moderate upside for 2021. The real excitement will be in 2022 when the negative low-ground factors are out of the system. TSM may reach $170 by 2022.","news_type":1},"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195757467,"gmtCreate":1621320170059,"gmtModify":1704355725410,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"?cool","listText":"?cool","text":"?cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195757467","repostId":"2136963139","repostType":4,"isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341126483,"gmtCreate":1617795741642,"gmtModify":1704703220646,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341126483","repostId":"1120726818","repostType":4,"isVote":1,"tweetType":1,"viewCount":358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367364699,"gmtCreate":1614911468311,"gmtModify":1704776892894,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/367364699","repostId":"2117507788","repostType":4,"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":313759310,"gmtCreate":1611753559530,"gmtModify":1704862802436,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Shall I buy?","listText":"Shall I buy?","text":"Shall I buy?","images":[{"img":"https://static.tigerbbs.com/fa2a909bda6277bef977fa4798b4fbb6","width":"1080","height":"2709"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/313759310","isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":132404975,"gmtCreate":1622104274097,"gmtModify":1704179534272,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Yes Palantir!!!","listText":"Yes Palantir!!!","text":"Yes Palantir!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/132404975","repostId":"1156279615","repostType":4,"repost":{"id":"1156279615","kind":"news","pubTimestamp":1622102381,"share":"https://ttm.financial/m/news/1156279615?lang=&edition=fundamental","pubTime":"2021-05-27 15:59","market":"us","language":"en","title":"Buy Palantir Stock to Invest in the Real World Batman","url":"https://stock-news.laohu8.com/highlight/detail?id=1156279615","media":"investorplace","summary":"The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sur","content":"<p>The first time my team and I looked into<b>Palantir</b>(NYSE:<b><u>PLTR</u></b>) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The deeper we dug intoPalantir’sGotham and Foundry products, the more we discovered that, indeed, Palantir<i>is</i>building<b>Batman-like tech for governments and enterprises</b>.</p><p>No joke. It’s game-changing technology.</p><p>So game-changing, in fact, that we recently added PLTR stock to<i><b>Innovation Investor</b></i>— our megatrend portfolio chock full of the world’s most innovative companies.</p><p>Each of these companies are in the early stages of using disruptive technologies to fundamentally change the way we live — including how we eat, drink, play, work, and travel. The portfolio’s goal?Score investors 10X returns in the market’s most defining technological megatrends.</p><p>Unequivocally, Palantir belongs in our flagship<b><i>Innovation Investor</i></b>portfolio.</p><p>PLTR stock is world-changing company with enormous long-term upside. In fact, I don’t mince words when I say Palantir’s stock could be a 10X investment opportunity.</p><p>Let’s unpack this:</p><p>PLTR Stock: Fighting Crime the High-Tech Way</p><p>Whether it’s Tim Burton’s gothic version or Christopher Nolan’s seminal trilogy, every Batman film has one thing in common — Batman fights crime using super-high-tech software. With this, he can track, catch, and lock up the bad guys all before breakfast. Yes, it’s fiction. But Palantir is turning that fictional software into a reality.</p><p>The company’s Gotham platform enables government customers to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, to help those customers find what they are looking for — or, as Palantir puts it, find needles in thousands of haystacks.</p><p>To-date, this technology has helped the U.S. and allied military personnel plan, launch, and execute missions and operations critical to the safety and defense of democracy. That’s not a light lift. Palantir has developed the world’s only software platform capable of doing it — at a level no one else can replicate.</p><p>Soon enough, Palantir’s technology will become a ubiquity within allied nation military operations. And that’s a big deal, because allied governments have a lot of money.</p><p>Palantir estimates that its total addressable market in the government space is $63 billion.</p><p>Palantir’s market cap today is less than $40 billion. So, through government contract upside alone, PLTR stock has good potential.</p><p>Helping Businesses Improve Their Operations</p><p>But the real upside of PLTR stock comes from the company’s ability to sell its game-changing technology to commercial enterprises.</p><p>As it turns out, businesses also need to find needles in thousands of haystacks. The needles they’re looking for — and the haystacks in which they are looking — are different. But the practice is the same.</p><p>That’s why Foundry was born. Palantir is taking its game-changing technology designed for governments, and tailoring it to commercial enterprises.</p><p>Palantir is barely penetrating this market today, with the major obstacle to adoption being cost. But cost should come down over time, as the company leverages economies of scale in its government business to drive down platform and operations costs for its commercial solution. That’s the beauty of having these products operate side-by-side.</p><p>The addressable market here is equally as large. Based on Palantir’s estimates, the addressable market in the commercial world for its products is $56 billion.</p><p>So, when you add it all up, Palantir is developing game-changing technology that has the potential to disrupt $100+ billion in value.</p><p>Bottom Line on PLTR Stock</p><p>With Palantir stock, you have all the ingredients of a potentially huge long-term winner.</p><p>You have an innovative management team. You have a disruptive technology that’s impossible to replicate. And you have a huge addressable market that this disruptive technology will attack to unlock significant long-term economic value.</p><p>Plus, you have a highly scalable, highly profitable business model, and a great cash flow situation.</p><p>Those are the ingredients of a long-term winner. That’s why I love PLTR stock. And it’s why I added Palantir to my<i><b>Innovation Investor</b></i>portfolio — side by side with the world’s most innovative companies.</p><p>I’m biased, but I honestly believe it’s the best portfolio in the world for long-term investors. Especially those who want tolook past the market noiseand insteadinvest in the big trends reshaping our world.</p>","source":"lsy1606302653667","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>Buy Palantir Stock to Invest in the Real World Batman</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\">\nBuy Palantir Stock to Invest in the Real World Batman\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 15:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The ...</p>\n\n<a href=\"https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/hypergrowthinvesting/2021/05/palantir-pltr-stock-closest-we-have-to-batman-wayne-enterprises/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156279615","content_text":"The first time my team and I looked intoPalantir(NYSE:PLTR) stock, all of us thought: “Wow, this sure looks a lot like the cool technology that Batman uses in movies to track down bad guys.” The deeper we dug intoPalantir’sGotham and Foundry products, the more we discovered that, indeed, PalantirisbuildingBatman-like tech for governments and enterprises.No joke. It’s game-changing technology.So game-changing, in fact, that we recently added PLTR stock toInnovation Investor— our megatrend portfolio chock full of the world’s most innovative companies.Each of these companies are in the early stages of using disruptive technologies to fundamentally change the way we live — including how we eat, drink, play, work, and travel. The portfolio’s goal?Score investors 10X returns in the market’s most defining technological megatrends.Unequivocally, Palantir belongs in our flagshipInnovation Investorportfolio.PLTR stock is world-changing company with enormous long-term upside. In fact, I don’t mince words when I say Palantir’s stock could be a 10X investment opportunity.Let’s unpack this:PLTR Stock: Fighting Crime the High-Tech WayWhether it’s Tim Burton’s gothic version or Christopher Nolan’s seminal trilogy, every Batman film has one thing in common — Batman fights crime using super-high-tech software. With this, he can track, catch, and lock up the bad guys all before breakfast. Yes, it’s fiction. But Palantir is turning that fictional software into a reality.The company’s Gotham platform enables government customers to identify patterns hidden deep within datasets, ranging from signals intelligence sources to reports from confidential informants, to help those customers find what they are looking for — or, as Palantir puts it, find needles in thousands of haystacks.To-date, this technology has helped the U.S. and allied military personnel plan, launch, and execute missions and operations critical to the safety and defense of democracy. That’s not a light lift. Palantir has developed the world’s only software platform capable of doing it — at a level no one else can replicate.Soon enough, Palantir’s technology will become a ubiquity within allied nation military operations. And that’s a big deal, because allied governments have a lot of money.Palantir estimates that its total addressable market in the government space is $63 billion.Palantir’s market cap today is less than $40 billion. So, through government contract upside alone, PLTR stock has good potential.Helping Businesses Improve Their OperationsBut the real upside of PLTR stock comes from the company’s ability to sell its game-changing technology to commercial enterprises.As it turns out, businesses also need to find needles in thousands of haystacks. The needles they’re looking for — and the haystacks in which they are looking — are different. But the practice is the same.That’s why Foundry was born. Palantir is taking its game-changing technology designed for governments, and tailoring it to commercial enterprises.Palantir is barely penetrating this market today, with the major obstacle to adoption being cost. But cost should come down over time, as the company leverages economies of scale in its government business to drive down platform and operations costs for its commercial solution. That’s the beauty of having these products operate side-by-side.The addressable market here is equally as large. Based on Palantir’s estimates, the addressable market in the commercial world for its products is $56 billion.So, when you add it all up, Palantir is developing game-changing technology that has the potential to disrupt $100+ billion in value.Bottom Line on PLTR StockWith Palantir stock, you have all the ingredients of a potentially huge long-term winner.You have an innovative management team. You have a disruptive technology that’s impossible to replicate. And you have a huge addressable market that this disruptive technology will attack to unlock significant long-term economic value.Plus, you have a highly scalable, highly profitable business model, and a great cash flow situation.Those are the ingredients of a long-term winner. That’s why I love PLTR stock. And it’s why I added Palantir to myInnovation Investorportfolio — side by side with the world’s most innovative companies.I’m biased, but I honestly believe it’s the best portfolio in the world for long-term investors. Especially those who want tolook past the market noiseand insteadinvest in the big trends reshaping our world.","news_type":1},"isVote":1,"tweetType":1,"viewCount":357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386964209,"gmtCreate":1613128039701,"gmtModify":1704878661371,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/386964209","repostId":"2110026963","repostType":4,"repost":{"id":"2110026963","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1613109422,"share":"https://ttm.financial/m/news/2110026963?lang=&edition=fundamental","pubTime":"2021-02-12 13:57","market":"us","language":"en","title":"Here's the formula for spotting genuinely undervalued companies, claims this investment house","url":"https://stock-news.laohu8.com/highlight/detail?id=2110026963","media":"Dow Jones","summary":"The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis. For most of 2020, investors poured money into names like online retailer Amazon $$, electric-car maker Tesla $$, and e-commerce platform Shopify -- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.But when news broke in early November 2020 that drug company Pfizer $$ and its partner BioNTech $$ had developed an effective vaccine against COVID-19, something pro","content":"<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</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>Here's the formula for spotting genuinely undervalued companies, claims this investment house</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\">\nHere's the formula for spotting genuinely undervalued companies, claims this investment house\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-02-12 13:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Here's the formula for spotting genuinely undervalued companies, claims this investment house</p>\n<p>The growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis</p>\n<p>For most of 2020, investors poured money into names like online retailer Amazon <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a>, electric-car maker Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.</p>\n<p>But when news broke in early November 2020 that drug company Pfizer <a href=\"https://laohu8.com/S/PFE\">$(PFE)$</a> and its partner BioNTech <a href=\"https://laohu8.com/S/BNTX\">$(BNTX)$</a> had developed an effective vaccine against COVID-19, something profound happened in financial markets.</p>\n<p>Investors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.</p>\n<p>This rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.</p>\n<p>And it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.</p>\n<p>The apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.</p>\n<p>\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.</p>\n<p>\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"</p>\n<p>Analysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.</p>\n<p>The value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.</p>\n<p>In reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.</p>\n<p>Stocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.</p>\n<p>To have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"PFE":"辉瑞","AMZN":"亚马逊","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110026963","content_text":"MW Here's the formula for spotting genuinely undervalued companies, claims this investment house\nThe growth stock vs. value stock dichotomy doesn't make sense, says ValuAnalysis\nFor most of 2020, investors poured money into names like online retailer Amazon $(AMZN)$, electric-car maker Tesla $(TSLA)$, and e-commerce platform Shopify (SHOP.T)-- \"growth\" stocks that kept indexes afloat in a turbulent year that hammered share prices across the board.\nBut when news broke in early November 2020 that drug company Pfizer $(PFE)$ and its partner BioNTech $(BNTX)$ had developed an effective vaccine against COVID-19, something profound happened in financial markets.\nInvestors rotated out of these investments in favor of \"value\" stocks hammered by the COVID-19 pandemic, like airlines.\nThis rotation was based on an essential concept in investing: There are some stocks that are clearly undervalued based on standard metrics.\nAnd it is completely flawed, according to research from ValuAnalysis, a London-based fund manager and equity investment boutique, which specializes in valuation.\nThe apparent difference between growth stocks and value stocks is that the former is overvalued based on fundamental metrics while the latter is undervalued.\n\"Everyone knows that this thing doesn't make any sense because growth is not the opposite of value,\" Pascal Costantini, who led the research at ValuAnalysis, tells MarketWatch.\n\"It should be high-growth and low-growth, and I can imagine that, somewhere in an office, some guy said 'well this is not catchy enough, so how about growth and value?'\"\nAnalysts and investors use metrics like the price-to-earnings ratio, or price multiple, to value stocks. ValuAnalysis uses price as a multiple of normalized net free cash flow as its benchmark, and identifies the imaginary dividing line between value and growth stocks at 35x, which is the market median.\nThe value vs. growth divide would suggest that a company trading at a 17x earnings multiple is undervalued. In reality, ValuAnalysis says it is likely a company that won't grow.\nIn reality, a stock's value is based on the company's ability to grow free cash flow in an environment where the cost of capital is 5% to 6%. So if a company isn't outpacing that by improving revenue and margins, the multiple won't increase and the stock price is unlikely to rise.\nStocks that are actually undervalued will trade between 25x and 35x free cash flow, Costantini says, outpacing the cost of capital but not breaking past the market median.\nTo have potential, a company's accumulation of assets or revenue growth must outpace increases in global gross domestic product, and ideally show signs of accelerating. There must also be an increase in operational leverage through revenue or margins. A decrease in the risk premium, such as through advances in controlling carbon emissions, helps.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383233597,"gmtCreate":1612880565319,"gmtModify":1704875331291,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383233597","repostId":"1114166601","repostType":4,"repost":{"id":"1114166601","kind":"news","pubTimestamp":1612866163,"share":"https://ttm.financial/m/news/1114166601?lang=&edition=fundamental","pubTime":"2021-02-09 18:22","market":"us","language":"en","title":"The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114166601","media":"Barrons","summary":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first t","content":"<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.</p><p>The central concern is that&nbsp;once Treasury yields climb high enough&nbsp;investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries&nbsp;extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark<b>,</b>Wall Street consensus is hard to find:&nbsp;Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.</p><p>Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.</p><p>Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.</p><p>But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.</p><p>Almost 70% of S&amp;P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.</p><p>That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&amp;P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.</p><p>Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&amp;P 500 is around 3%, the bank’s equity strategists wrote.</p><p>Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.</p><p>More important, a 3% return from the S&amp;P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.</p><p>The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.</p><p>In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.</p><p>There is one way that rising rates are negatively affecting at least some stocks:&nbsp; Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.</p><p>Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.</p><p>Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.</p><p>So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.</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>The 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 30-Year Treasury Hit 2%. When Will Yields Start Hurting the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 18:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/the-30-year-treasury-just-hit-2-when-will-they-start-hurting-the-stock-market-51612804834?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114166601","content_text":"After a long grind higher in long-term Treasury yields, the 30-year climbed above 2% for the first time since Covid-19 hit. That has investors asking when the broader trend of rising bond yields will hurt the stock market.The central concern is that once Treasury yields climb high enough investors will want to buy safe bonds instead of stocks or high-yield debt. But it isn’t clear when that will occur, and the 30-year bond carries extra risk of losses as yields keep rising. When it comes to the 10-year note, a more popular benchmark,Wall Street consensus is hard to find: Strategists’ forecasts say 10-year Treasury yields may need to rise only to 1.75%, or as high as 5%, to make them more attractive than those riskier alternatives.Yields on long-term Treasuries have been rising steadily since late August, and more quickly since Nov. 9, whenPfizerand BioNTech announced an effective Covid-19 vaccine. The 30-year yield was hovering near 2% Monday after breaching that level in morning trading—up from 1.6% before the vaccine. The benchmark 10-year yield has climbed as well, rising to 1.2% Monday from 0.8% before the vaccine.Long-term yields had retreated from their morning highs by Monday afternoon amid concerns about Covid-19 vaccine distribution and the pace of global economic reopening, with the 10-year yield off one basis points (hundredth of a percentage point) and the 30-year yield down three basis points.But the expectation remains for yields to keep climbing over coming weeks and months. And a key question is how high yields need to be to dent stock-market returns. Several Wall Street strategists have tackled that puzzle in recent notes.Almost 70% of S&P 500 companies pay a higher yield than the 10-year note, wrote a team led by equity strategist Savita Subramanianin a recent note. That proportion would fall to 40% if companies keep their payouts at current levels and the Treasury yield rises to 1.75% by the end of this year, they found.That could start undermining the attractiveness of stocks as an income play; today the overall dividend yield on the S&P 500 is 1.5%, higher than the 10-year Treasury payout. That has helped offset concerns about valuations that are higher than historical averages.Yet the picture looks far better for stocks from a total-return perspective. The implied long-term return of the S&P 500 is around 3%, the bank’s equity strategists wrote.Wall Street strategists don’t expect the 10-year note to be able to challenge that return soon. In a January outlook piece,Bank of America’sinterest-rate strategists predicted that 3% will be the benchmark yield’s peak during this expansion, implying yields won’t reach those levels until the Fed starts raising interest rates. And according to some of the bank’s valuation models, all else equal, stocks will look cheap compared to Treasuries until yields rise to 5%.More important, a 3% return from the S&P 500 will still outpace akey market gauge of inflation expectations over the next decade. That indicator, called the break-even inflation rate, has been driven higher by improving growth expectations as the U.S. recovers from the Covid-19 crisis. On Monday it hit 2.2%, the highest level since 2014.The 10-year Treasury yield, in contrast, remains below market inflation forecasts over that period, and is expected to stay that way through the end of this year at least. Even higher inflation-adjusted yields may not hurt stocks, wrote Credit Suisse strategist Jonathan Golub in a Feb. 8 note, as the boost stocks get from stronger economic growth should outweigh the bond market’s relative improvement in yield.In another positive for stocks, rising yields aren’t negatively affecting large-cap U.S. companies’ balance sheets. The effective yield on the ICE BofA Corporate Index, a gauge of current borrowing costs for high-rated companies, remains at just 1.9% for a maturity of nearly 12 years. And last year’s record-setting flood of fixed-rate borrowing means that companies won’t need to refinance their debt for years.There is one way that rising rates are negatively affecting at least some stocks:  Investors are less willing to wait for profit growth,Goldman Sachsstrategists wrote in a Feb. 7 note. Stocks that are sensitive to economic growth and “value” stocks that underperformed during the pandemic have outperformed since the 10-year yield climbed above 1%, they found, because investors are discounting future cash flows at a higher rate. The Russell 2000 Value ETF (IWN) has climbed 14% so far this year.Goldman strategists wrote that a quick jump in Treasury yields would be dangerous for the stock market as a whole. But the bank estimated that real damage would require yields to rise 36 basis points in the span of a month. That looks unlikely, considering the fact that it took yields about three months to climb that far during the latest attention-grabbing move higher.Of course, the rise in yields will likely require some changes in the way that money managers who allocate cash across different markets make their decisions, strategists and investors say. Hedge fund D.E. Shaw recently found that long-term bonds should serve as a betterhedge against declines in the stock marketas yields rise.So bonds will likely become marginally more attractive in coming months. But it isn’t clear that such a shift will be enough to undermine stocks, especially as long-term bond returns are most at risk from rising yields. So while Treasuries could provide a better alternative to stocks some day, that process could take longer than investors might think.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136607068,"gmtCreate":1622011223854,"gmtModify":1704366027919,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136607068","repostId":"1130362459","repostType":4,"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341126816,"gmtCreate":1617795711235,"gmtModify":1704703220154,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Really ?","listText":"Really ?","text":"Really ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/341126816","repostId":"2125744665","repostType":4,"repost":{"id":"2125744665","kind":"highlight","pubTimestamp":1617795180,"share":"https://ttm.financial/m/news/2125744665?lang=&edition=fundamental","pubTime":"2021-04-07 19:33","market":"us","language":"en","title":"2 Growth Stocks to Buy Before the Pandemic Ends","url":"https://stock-news.laohu8.com/highlight/detail?id=2125744665","media":"David Jagielski","summary":"There is still a lot more room for these stocks to rise once concerns relating to COVID-19 subside.","content":"<p>Although it is still too early to tell when the pandemic will end, there is hope with multiple vaccines available that the day will come sooner rather than later. For investors, now may be a great opportunity to start looking at businesses that have been struggling because of COVID-19 and that could be much better buys once things are back to normal.</p><p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> such businesses to consider right now are <b>Intuitive Surgical&nbsp;</b>(NASDAQ:ISRG) and <b>Walt Disney&nbsp;</b>(NYSE:DIS). Even though they have increased in value over the past year, there is potential for these stocks to soar even higher in value once the pandemic is no longer weighing down their businesses, and here's why.</p><p><img src=\"https://static.tigerbbs.com/a82fdcb74e1da3e20f25cffb146c36c5\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><h2>1. Intuitive Surgical</h2><p>Over the past 12 months, Intuitive Surgical stock has risen 57% in value, slightly outperforming the <b>S&amp;P 500</b>'s 53% gain over that time frame. It is a bit surprising how well the stock has done, given that the pandemic has caused hospitals to put off surgical procedures -- meaning less demand for Intuitive's da Vinci surgical systems -- as they focus on containing COVID-19.</p><p>And the uncertainty with the pandemic is why Intuitive isn't able to project how much of an effect it will have on its business. The company last reported its earnings on Jan. 21, where for the fourth quarter ending Dec. 31, 2020, its sales of $1.3 billion grew by a modest 4% year over year. Although the number of da Vinci procedures was up 6% during the period, device shipments were down 3% from last year.</p><p>To put that in perspective, consider that in Q4 2019, Intuitive's sales rose by 22%, while both procedures and shipments were up -- 19% and 16%, respectively.</p><p>If Intuitive can get back to those types of numbers once the pandemic is over, the stock may continue delivering strong returns for its investors. And that is why buying shares of the company now, before that happens, may be a great move. What makes it an even better buy for the long term is that the business is in a high-growth industry and already posting strong profits. In four of the past five quarters, the company's profit margin has been 27% or better.</p><p>Assuming the company can maintain those types of margins, its profits could go through the roof. Analysts project that the robot-assisted surgical systems market will be worth nearly $18 billion by 2027, growing at a compounded annual growth rate of 14.8% until then. Intuitive looks to be a great healthcare investment that you can hang on to for many years.</p><h2>2. Walt Disney</h2><p>Any travel-dependent business is feeling the effects of COVID-19, and Walt Disney is no exception. Its popular theme parks thrive on visitors, and while the company has been growing its video streaming business, that hasn't been enough to offset declines in other areas of its operations.&nbsp;</p><p>On Feb. 11, Walt Disney released its first-quarter earnings. Sales of $16.2 billion for the period ending Jan. 2 were down 22% year over year. Revenue from parks, experiences, and products declined by a whopping 53%, and that part of its business incurred an operating loss of $119 million (versus a profit of $2.5 billion a year ago). Its media and entertainment segment, which includes its movies, was down a more modest 5%, as it wasn't immune to the pandemic either.</p><p>Walt Disney reported a narrow profit of $17 million in Q4, which was an improvement from the two previous periods where it was in the red, but it was still nowhere near the $2.1 billion net income it reported in the previous year.</p><p>Despite these challenges, investors have still been buying up shares of Walt Disney as the stock has doubled in value over the past year. The strong results surrounding its streaming business, Disney+, are likely a key reason for that. It has more than 100 million subscribers, which is already half of&nbsp;<b>Netflix</b>'s tally -- and Disney+ has only been around since November 2019.</p><p>Once visitors are back in its theme parks and things get back to normal, Disney will benefit from what made it a great investment before the pandemic plus its growing streaming business. Pent-up demand for any kind of entertainment or travel could potentially send its sales numbers to record levels. And that is why, despite its already terrific gains over the past year, it still may not be too late to invest in the company.</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>2 Growth Stocks to Buy Before the Pandemic Ends</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\">\n2 Growth Stocks to Buy Before the Pandemic Ends\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-07 19:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/07/2-growth-stocks-to-buy-before-the-pandemic-ends/><strong>David Jagielski</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Although it is still too early to tell when the pandemic will end, there is hope with multiple vaccines available that the day will come sooner rather than later. For investors, now may be a great ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/07/2-growth-stocks-to-buy-before-the-pandemic-ends/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISRG":"直觉外科公司"},"source_url":"https://www.fool.com/investing/2021/04/07/2-growth-stocks-to-buy-before-the-pandemic-ends/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2125744665","content_text":"Although it is still too early to tell when the pandemic will end, there is hope with multiple vaccines available that the day will come sooner rather than later. For investors, now may be a great opportunity to start looking at businesses that have been struggling because of COVID-19 and that could be much better buys once things are back to normal.Two such businesses to consider right now are Intuitive Surgical (NASDAQ:ISRG) and Walt Disney (NYSE:DIS). Even though they have increased in value over the past year, there is potential for these stocks to soar even higher in value once the pandemic is no longer weighing down their businesses, and here's why.Image source: Getty Images.1. Intuitive SurgicalOver the past 12 months, Intuitive Surgical stock has risen 57% in value, slightly outperforming the S&P 500's 53% gain over that time frame. It is a bit surprising how well the stock has done, given that the pandemic has caused hospitals to put off surgical procedures -- meaning less demand for Intuitive's da Vinci surgical systems -- as they focus on containing COVID-19.And the uncertainty with the pandemic is why Intuitive isn't able to project how much of an effect it will have on its business. The company last reported its earnings on Jan. 21, where for the fourth quarter ending Dec. 31, 2020, its sales of $1.3 billion grew by a modest 4% year over year. Although the number of da Vinci procedures was up 6% during the period, device shipments were down 3% from last year.To put that in perspective, consider that in Q4 2019, Intuitive's sales rose by 22%, while both procedures and shipments were up -- 19% and 16%, respectively.If Intuitive can get back to those types of numbers once the pandemic is over, the stock may continue delivering strong returns for its investors. And that is why buying shares of the company now, before that happens, may be a great move. What makes it an even better buy for the long term is that the business is in a high-growth industry and already posting strong profits. In four of the past five quarters, the company's profit margin has been 27% or better.Assuming the company can maintain those types of margins, its profits could go through the roof. Analysts project that the robot-assisted surgical systems market will be worth nearly $18 billion by 2027, growing at a compounded annual growth rate of 14.8% until then. Intuitive looks to be a great healthcare investment that you can hang on to for many years.2. Walt DisneyAny travel-dependent business is feeling the effects of COVID-19, and Walt Disney is no exception. Its popular theme parks thrive on visitors, and while the company has been growing its video streaming business, that hasn't been enough to offset declines in other areas of its operations. On Feb. 11, Walt Disney released its first-quarter earnings. Sales of $16.2 billion for the period ending Jan. 2 were down 22% year over year. Revenue from parks, experiences, and products declined by a whopping 53%, and that part of its business incurred an operating loss of $119 million (versus a profit of $2.5 billion a year ago). Its media and entertainment segment, which includes its movies, was down a more modest 5%, as it wasn't immune to the pandemic either.Walt Disney reported a narrow profit of $17 million in Q4, which was an improvement from the two previous periods where it was in the red, but it was still nowhere near the $2.1 billion net income it reported in the previous year.Despite these challenges, investors have still been buying up shares of Walt Disney as the stock has doubled in value over the past year. The strong results surrounding its streaming business, Disney+, are likely a key reason for that. It has more than 100 million subscribers, which is already half of Netflix's tally -- and Disney+ has only been around since November 2019.Once visitors are back in its theme parks and things get back to normal, Disney will benefit from what made it a great investment before the pandemic plus its growing streaming business. Pent-up demand for any kind of entertainment or travel could potentially send its sales numbers to record levels. And that is why, despite its already terrific gains over the past year, it still may not be too late to invest in the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":482,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324375418,"gmtCreate":1615970139334,"gmtModify":1704789070912,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324375418","repostId":"1158940318","repostType":4,"repost":{"id":"1158940318","kind":"news","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615967371,"share":"https://ttm.financial/m/news/1158940318?lang=&edition=fundamental","pubTime":"2021-03-17 15:49","market":"sh","language":"en","title":"China shares end flat as market eyes Fed outcome, Sino-U.S. meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1158940318","media":"Reuters","summary":"SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to th","content":"<p>SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.</p>\n<p>Fed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.</p>\n<p>At the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.</p>\n<p>The financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.</p>\n<p>The smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.</p>\n<p>Gains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.</p>\n<p>The sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.</p>\n<p>At the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.</p>\n<p>Some investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.</p>\n<p>Separately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.</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>China shares end flat as market eyes Fed outcome, Sino-U.S. meeting</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina shares end flat as market eyes Fed outcome, Sino-U.S. meeting\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\">2021-03-17 15:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.</p>\n<p>Fed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.</p>\n<p>At the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.</p>\n<p>The financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.</p>\n<p>The smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.</p>\n<p>Gains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.</p>\n<p>The sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.</p>\n<p>At the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.</p>\n<p>Some investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.</p>\n<p>Separately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158940318","content_text":"SHANGHAI, March 17 (Reuters) - China stocks ended flat on Wednesday as investors shifted focus to the outcome of a U.S. Federal Reserve policy meeting, to see if the central bank could start raising interest rates sooner than expected.\nFed policymakers are expected this week to forecast that the U.S. economy will grow in 2021 at the fastest rate in decades as the COVID-19 vaccination campaign gathers pace and a $1.9 trillion relief package washes through to households.\nAt the close, the Shanghai Composite index was down 0.03% at 3,445.55, while the blue-chip CSI300 index was up 0.42% to 5,100.86.\nThe financial sector sub-index was lower by 1.42%, the consumer staples sector rose 1.58%, the real estate index fell 0.96% and the healthcare sub-index gained 0.49%.\nThe smaller Shenzhen index ended up 0.97% and the start-up board ChiNext Composite index was higher by 1.198%.\nGains were driven by agricultural shares after the government unveiled measures to support the development of Taiwan-funded companies in agriculture and forestry in mainland China.\nThe sector also gained support after the central Henan province said it would strictly prevent illegal genetically modified seeds from entering the market this year.\nAt the close, Winall Hi-tech Seed Co Ltd jumped 7.7%, Hefei Fengle Seed Co Ltd leapt 6.4%, and Zhongnongfa Seed Industry Co Ltd jumped 4.9%.\nSome investors said they would closely watch the first high-level, in-person contact later this week between Beijing and Washington since U.S. President Joe Biden took office. Sino-U.S. relations have been one of the key factors influencing Chinese financial markets over the past few years.\nSeparately, Chinese companies targeted by a sweeping investment ban imposed by former U.S. President Donald Trump are considering suing the U.S. government after a federal judge on Friday suspended a similar blacklisting for Beijing-based smartphone maker Xiaomi.","news_type":1},"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323943930,"gmtCreate":1615301023120,"gmtModify":1704780834148,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323943930","repostId":"1129681722","repostType":4,"repost":{"id":"1129681722","kind":"news","pubTimestamp":1615295680,"share":"https://ttm.financial/m/news/1129681722?lang=&edition=fundamental","pubTime":"2021-03-09 21:14","market":"us","language":"en","title":"2 More Reasons To Buy Apple Stock On The Dip","url":"https://stock-news.laohu8.com/highlight/detail?id=1129681722","media":"TheStreet","summary":"Apple has had its worst day of trading since October, and shares could soon enter bear market territ","content":"<p>Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.</p>\n<p>On Monday, March 8, Apple stock had its worst day of trading since October 2020: down 4.2%, despite lack of company-specific news. My fears over the&nbsp;market cap dipping below $2 trillionfor the first time since November were also confirmed, maybe more quickly than I could have anticipated.</p>\n<p>Apple stock is now nearly 19% off the peak of less than 30 trading days ago, and one inch away from bear territory. Investors must be feeling uneasy about holding shares during this uncomfortable pullback.</p>\n<p>But I believe that shareholders also have reasons to be optimistic.</p>\n<p><b>History says: buy Apple</b></p>\n<p>Of course, a successful investment in Apple depends primarily on the company performing well and delivering above-consensus financial results going forward. In that regard, Apple’s business seems to be in very good shape, at least judging by&nbsp;the company’s most recent earnings report.</p>\n<p>So, I turn away from business fundamentals for now and focus on price action. Historically, the best strategy has been&nbsp;to buy Apple when it is well off its peak. Recently, I came across yet another piece of evidence to support this idea.</p>\n<p>Over the past five years, Apple stock has produced monthly returns that have swung from a low of -18% in November 2018 to a high of 21% in August 2020. Although it may be hard to anticipate with much precision when the stock will perform best, there seems to be somewhat of a pattern.</p>\n<p>The graph below shows that steeper monthly losses in Apple shares tend to be followed by periods of strong stock performance. Notice the dotted arrows:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/45802af85db02f208dc6687c52dd4a63\" tg-width=\"1240\" tg-height=\"284\" referrerpolicy=\"no-referrer\"><span>Stock Rover</span></p>\n<p>Below are some numbers to help illustrate the point.</p>\n<p>Since 2016, Apple has produced an average three-month return of 3.5%, with worst decline of -11% in the fourth quarter of 2018. But an investor who waited to buy shares only after two months of material losses (defined here as -3%) in the previous three periods earned an average three-month return that was nearly twice as high, at 6.7%.</p>\n<p>March is shaping up to be a bad month for Apple, after January saw shares tank and February failed to impress. Judging only by the pattern described above, this could be a good time to jump in.</p>\n<p><b>Calendar pattern says: buy Apple</b></p>\n<p>The second reason to buy Apple now has to do with annual patterns in stock returns. The graph below tells a compelling story.</p>\n<p>Notice that the average monthly gains in Apple shares over the past five years have been best in the summer months of July and August. Prior to this period, the returns improve slowly throughout the spring, as the stock recovers from an underwhelming holiday quarter.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/563f095f6d02bf7c530705e701c30e2b\" tg-width=\"1240\" tg-height=\"299\" referrerpolicy=\"no-referrer\"><span>Stock Rover</span></p>\n<p>There is some logic to this pattern. September tends to be the month in which the new iPhone model is announced, a few weeks ahead of Black Friday. At that point, investors have likely already bid up the share price in anticipation for Apple’s “hot season” of sales. Sell-the-news pressures begin to accumulate.</p>\n<p>In 2021, something similar could happen. The market’s preference for small-cap value stocks over mega-cap growth ones during a year of economic recovery will eventually fizzle. At that point, chatter about&nbsp;Apple’s iPhone 13 will begin to surface. This could be the moment for Apple shares to finally shine this year.</p>\n<p>Those who buy the stock at de-risked prices could benefit from the potential rebound later in 2021.</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>2 More Reasons To Buy Apple Stock On The Dip</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\">\n2 More Reasons To Buy Apple Stock On The Dip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-09 21:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.\nOn Monday,...</p>\n\n<a href=\"https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/2-more-reasons-to-buy-apple-stock-on-the-dip","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129681722","content_text":"Apple has had its worst day of trading since October, and shares could soon enter bear market territory. However, two price patterns suggest that this could be a good time to buy the stock.\nOn Monday, March 8, Apple stock had its worst day of trading since October 2020: down 4.2%, despite lack of company-specific news. My fears over the market cap dipping below $2 trillionfor the first time since November were also confirmed, maybe more quickly than I could have anticipated.\nApple stock is now nearly 19% off the peak of less than 30 trading days ago, and one inch away from bear territory. Investors must be feeling uneasy about holding shares during this uncomfortable pullback.\nBut I believe that shareholders also have reasons to be optimistic.\nHistory says: buy Apple\nOf course, a successful investment in Apple depends primarily on the company performing well and delivering above-consensus financial results going forward. In that regard, Apple’s business seems to be in very good shape, at least judging by the company’s most recent earnings report.\nSo, I turn away from business fundamentals for now and focus on price action. Historically, the best strategy has been to buy Apple when it is well off its peak. Recently, I came across yet another piece of evidence to support this idea.\nOver the past five years, Apple stock has produced monthly returns that have swung from a low of -18% in November 2018 to a high of 21% in August 2020. Although it may be hard to anticipate with much precision when the stock will perform best, there seems to be somewhat of a pattern.\nThe graph below shows that steeper monthly losses in Apple shares tend to be followed by periods of strong stock performance. Notice the dotted arrows:\nStock Rover\nBelow are some numbers to help illustrate the point.\nSince 2016, Apple has produced an average three-month return of 3.5%, with worst decline of -11% in the fourth quarter of 2018. But an investor who waited to buy shares only after two months of material losses (defined here as -3%) in the previous three periods earned an average three-month return that was nearly twice as high, at 6.7%.\nMarch is shaping up to be a bad month for Apple, after January saw shares tank and February failed to impress. Judging only by the pattern described above, this could be a good time to jump in.\nCalendar pattern says: buy Apple\nThe second reason to buy Apple now has to do with annual patterns in stock returns. The graph below tells a compelling story.\nNotice that the average monthly gains in Apple shares over the past five years have been best in the summer months of July and August. Prior to this period, the returns improve slowly throughout the spring, as the stock recovers from an underwhelming holiday quarter.\nStock Rover\nThere is some logic to this pattern. September tends to be the month in which the new iPhone model is announced, a few weeks ahead of Black Friday. At that point, investors have likely already bid up the share price in anticipation for Apple’s “hot season” of sales. Sell-the-news pressures begin to accumulate.\nIn 2021, something similar could happen. The market’s preference for small-cap value stocks over mega-cap growth ones during a year of economic recovery will eventually fizzle. At that point, chatter about Apple’s iPhone 13 will begin to surface. This could be the moment for Apple shares to finally shine this year.\nThose who buy the stock at de-risked prices could benefit from the potential rebound later in 2021.","news_type":1},"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364852786,"gmtCreate":1614838243445,"gmtModify":1704775851384,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Sell?!","listText":"Sell?!","text":"Sell?!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/364852786","repostId":"2116408065","repostType":4,"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363287242,"gmtCreate":1614142786886,"gmtModify":1704888670289,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Go go","listText":"Go go","text":"Go go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363287242","repostId":"2113398351","repostType":4,"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360460194,"gmtCreate":1613966273318,"gmtModify":1704886245216,"author":{"id":"3570505106221155","authorId":"3570505106221155","name":"funky0612","avatar":"https://static.tigerbbs.com/aa318a8ab3268800c1d8a78026359b1c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570505106221155","authorIdStr":"3570505106221155"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360460194","repostId":"2113878489","repostType":4,"repost":{"id":"2113878489","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1613962557,"share":"https://ttm.financial/m/news/2113878489?lang=&edition=fundamental","pubTime":"2021-02-22 10:55","market":"us","language":"en","title":"Boeing recommends carriers halt some 777 flights pending FAA inspection guidance","url":"https://stock-news.laohu8.com/highlight/detail?id=2113878489","media":"Reuters","summary":"WASHINGTON, Feb 21 (Reuters) - Boeing Co said on Sunday it was recommending air carriers halt flight","content":"<p>WASHINGTON, Feb 21 (Reuters) - Boeing Co said on Sunday it was recommending air carriers halt flights of 777 airplanes like the United Airlines plane that suffered a right engine failure until the Federal Aviation Administration (FAA) issued inspection protocols.</p>\n<p>Boeing said it recommends \"suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt &amp; Whitney 4000-112 engines until the FAA identifies the appropriate inspection protocol.\"</p>\n<p>The FAA has said it will issue an emergency airworthiness directive ordering stepped-up inspections of Boeing 777 airplanes with the PW4000 engines.</p>\n<p>That directive may not be issued until Monday, officials said. United said earlier in the day that it was temporarily halting all flights from its 24 777s with PW4000 engines.</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>Boeing recommends carriers halt some 777 flights pending FAA inspection guidance</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\">\nBoeing recommends carriers halt some 777 flights pending FAA inspection guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-22 10:55</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>WASHINGTON, Feb 21 (Reuters) - Boeing Co said on Sunday it was recommending air carriers halt flights of 777 airplanes like the United Airlines plane that suffered a right engine failure until the Federal Aviation Administration (FAA) issued inspection protocols.</p>\n<p>Boeing said it recommends \"suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt &amp; Whitney 4000-112 engines until the FAA identifies the appropriate inspection protocol.\"</p>\n<p>The FAA has said it will issue an emergency airworthiness directive ordering stepped-up inspections of Boeing 777 airplanes with the PW4000 engines.</p>\n<p>That directive may not be issued until Monday, officials said. United said earlier in the day that it was temporarily halting all flights from its 24 777s with PW4000 engines.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RTX":"雷神技术公司","UAL":"联合大陆航空","BA":"波音"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2113878489","content_text":"WASHINGTON, Feb 21 (Reuters) - Boeing Co said on Sunday it was recommending air carriers halt flights of 777 airplanes like the United Airlines plane that suffered a right engine failure until the Federal Aviation Administration (FAA) issued inspection protocols.\nBoeing said it recommends \"suspending operations of the 69 in-service and 59 in-storage 777s powered by Pratt & Whitney 4000-112 engines until the FAA identifies the appropriate inspection protocol.\"\nThe FAA has said it will issue an emergency airworthiness directive ordering stepped-up inspections of Boeing 777 airplanes with the PW4000 engines.\nThat directive may not be issued until Monday, officials said. United said earlier in the day that it was temporarily halting all flights from its 24 777s with PW4000 engines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}