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2022-11-25

Good one

China’s Meituan Beats Quarterly Revenue Estimates

2022-11-09

[Observation]

Palantir: -11.48% After Earnings, And My Investment Thesis Is Changing

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Meta or.... alphabet... hmmm...

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$American Airlines(AAL)$🫡🫡

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[Observation]

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[Speechless] [Speechless]

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[Observation]

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[Strong] [Strong]

@ONGBJ88:$Snowflake(SNOW)$ rise rise rise

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one","listText":"Good one","text":"Good one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966906686","repostId":"2286367274","repostType":4,"repost":{"id":"2286367274","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":1669365901,"share":"https://www.laohu8.com/m/news/2286367274?lang=&edition=full","pubTime":"2022-11-25 16:45","market":"hk","language":"en","title":"China’s Meituan Beats Quarterly Revenue Estimates","url":"https://stock-news.laohu8.com/highlight/detail?id=2286367274","media":"Reuters","summary":"BEIJING, Nov 25 (Reuters) - Chinese food delivery giant Meituan reported on Friday better than expec","content":"<html><head></head><body><p>BEIJING, Nov 25 (Reuters) - Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2% as the company recovered from COVID-19 curbs.</p><p>Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts&#39; average estimate of 61.79 billion yuan, according to Refinitiv data.</p><p>The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives.</p><p>Sales from new initiatives, including its community e-commerce business Meituan Select, grew by 39.7% year on year to 16.29 billion yuan.</p><p>Revenue from core local commerce, which includes food delivery and in-store, hotel and travel businesses, rose 24.6% to 46.33 billion yuan.</p><p>($1 = 7.1615 Chinese yuan renminbi)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China’s Meituan Beats Quarterly Revenue Estimates</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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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’s Meituan Beats Quarterly Revenue Estimates\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\">2022-11-25 16:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>BEIJING, Nov 25 (Reuters) - Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2% as the company recovered from COVID-19 curbs.</p><p>Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts&#39; average estimate of 61.79 billion yuan, according to Refinitiv data.</p><p>The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives.</p><p>Sales from new initiatives, including its community e-commerce business Meituan Select, grew by 39.7% year on year to 16.29 billion yuan.</p><p>Revenue from core local commerce, which includes food delivery and in-store, hotel and travel businesses, rose 24.6% to 46.33 billion yuan.</p><p>($1 = 7.1615 Chinese yuan renminbi)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MPNGY":"美团ADR","03690":"美团-W"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2286367274","content_text":"BEIJING, Nov 25 (Reuters) - Chinese food delivery giant Meituan reported on Friday better than expected quarterly revenue growth of 28.2% as the company recovered from COVID-19 curbs.Meituan, whose services also include restaurant reviews and bike-sharing, said total revenue rose to 62.62 billion yuan ($8.74 billion) in the three months ended September, compared with analysts' average estimate of 61.79 billion yuan, according to Refinitiv data.The company swung to a quarterly profit of 1.22 billion yuan from a loss of 9.99 billion yuan a year earlier, as it pulled the brakes on heavily funding its new initiatives.Sales from new initiatives, including its community e-commerce business Meituan Select, grew by 39.7% year on year to 16.29 billion yuan.Revenue from core local commerce, which includes food delivery and in-store, hotel and travel businesses, rose 24.6% to 46.33 billion yuan.($1 = 7.1615 Chinese yuan renminbi)","news_type":1},"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987452333,"gmtCreate":1667971610222,"gmtModify":1676537992700,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987452333","repostId":"1119565865","repostType":4,"repost":{"id":"1119565865","pubTimestamp":1667970397,"share":"https://www.laohu8.com/m/news/1119565865?lang=&edition=full","pubTime":"2022-11-09 13:06","market":"us","language":"en","title":"Palantir: -11.48% After Earnings, And My Investment Thesis Is Changing","url":"https://stock-news.laohu8.com/highlight/detail?id=1119565865","media":"Seeking Alpha","summary":"SummaryMy investment thesis has changed now that Palantir Technologies Inc. is projecting its revenu","content":"<html><head></head><body><h2>Summary</h2><ul><li>My investment thesis has changed now that Palantir Technologies Inc. is projecting its revenue growth in 2022 will be 23.29% rather than 30%+ in 2022.</li><li>Palantir Technologies has significantly declining margins and it is generating less cash from operations off more revenue, which is concerning.</li><li>I plan on adding to my position and dollar cost averaging, as Palantir has increased its customer base by 134 YoY and now has other positives, such as an interesting valuation.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8f6cfa718e8398417ea21d2c4e2d8712\" tg-width=\"1080\" tg-height=\"720\" referrerpolicy=\"no-referrer\"/><span>Michael Vi</span></p><p>I was very critical of Palantir Technologies Inc. (NYSE:PLTR) after their Q2 earnings call in August, which was reflected in my article, where I went from bullish to neutral inthe blink of an eye. I indicated that I was still bullish on the company&#39;s business prospects, but was disappointed with how Alex Karp&#39;s (Palantir CEO) commentary and how he conducted himself. After listening to the conference call and reading through the presentation, press release, and Alex Karp&#39;s letter to shareholders, I believed there were many things to like, but the original thesis he outlined was changing.</p><p>Since 2022 isn&#39;t playing out according to plan, I need to take a step back and recalculate my projections. Thankfully, the Q3 conference call on 7 November went much better than Q2&#39;s, but the results weren&#39;t overwhelmingly good. For all of the powerful slides of information embedded within the presentation, the bottom line is that Palantir&#39;s revenue growth won&#39;t hit Alek Karp&#39;s projections, and their margins are being impacted. This is causing the narrative to change. PLTR could still become a great long-term investment, but in the short term, I think shareholders will need to endure unwanted volatility.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0bce4c6da47a33baf858c7b09566bba8\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\"/><span>Seeking Alpha</span></p><h2>The ugly part of Q3 and how it is making my projections change</h2><p>In Q2 of 2021, PLTR reinforced their long-term outlook of 30%+ revenue growth for 2021 and the next 4 years, bringing them through 2025. PLTR had projected that its 2021 Adjusted FCF (free cash flow) would exceed $300 million in 2021, which would be a 100% increase from its previous outlook. I dislike adjusted numbers and would rather look at straight FCF, which is cash from operations minus CapEx or purchases of property and equipment. In 2021, PLTR ended the year generating $1.54 billion in revenue and $321.22 million of FCF for an FCF margin of 20.83%.</p><p>I built a model based on PLTR&#39;s commentary and their 2021 FCF margin. In my model, which is below, I had PLTR&#39;s revenue grow by 30% through 2025, then drop down to 25%, 22%, 19%, 17%, and 15% from years 2026 - 2030. Based on 2021&#39;s FCF margin of 20.83%, if these revenue growth numbers were in the ballpark, PLTR would have generated $2.53 billion of FCF in 2030 from $12.16 billion of revenue. Based on a 25x FCF multiple, PLTR would have a $63.30 billion market cap; at a 35x multiple, PLTR would have an $88.62 billion market; and at a 45x multiple, PLTR would have a $113.94 billion market cap. While Q2 made me switch my view because I was worried about how PLTR would be perceived by potential customers, the future looked interesting as there was a clear roadmap to a much larger market cap into 2030 than PLTR had today. All of this ended after the Q3 2022 conference call, and I now need to build a new model.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/83ae01fb83faa817f70110891f770c9b\" tg-width=\"640\" tg-height=\"66\" referrerpolicy=\"no-referrer\"/><span>Steven Fiorillo, Palantir, Seeking Alpha</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0d239d9dac695fda355bc570b6c2ea77\" tg-width=\"640\" tg-height=\"351\" referrerpolicy=\"no-referrer\"/><span>Palantir</span></p><p>I can no longer use the model I previously based my investment thesis around because PLTR&#39;s projections for revenue growth in 2022 have changed, and their margins have decreased significantly. PLTR is now guiding for $1.9 billion of revenue as its midpoint for the fiscal year of 2022. This is a YoY increase of $359.10 million, which is a 23.29% growth rate. The other issue is that PLTR&#39;s FCF margin has declined in the first 9-months of operations from 21.07% in 2021 to 7.86% in 2022. In the first 9 months of operations in 2021, PLTR generated $1.11 billion of revenue and $233.64 million of FCF for a 21.07% FCF margin. YTD over the first 9 months of 2022, PLR&#39;s revenue has increased by 25.99% YoY ($288.23 million) to $1.4 billion, but its cash from operations has declined by -$95.45 million (-39.70%), and their CapEx has increased by $28.33 million (417.60%), placing its FCF at $109.87 million. PLTR&#39;s FCF margin has declined by -13.20 percentage points to 7.86% from 21.07% YoY. As an investor, I need to readjust my investment thesis based on the new information and determine if 2022 is an anomaly or a new normal.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e3d97f8eea6c89e38d0b039fe76b44b0\" tg-width=\"640\" tg-height=\"210\" referrerpolicy=\"no-referrer\"/><span>Palantir</span></p><p>I built 2 models to see where PLTR&#39;s numbers could go. My original cash flow projection called for $2.53 billion of FCF from $12.16 billion of revenue in 2030 based on 2021&#39;s FCF margin, and my revenue assumptions extrapolated past the 2025 projection from PLTR. In model 1, I chalked 2022 up to an anomaly. If I keep the revenue growth rate the same from 2023-2030 and the FCF margin the same as my previous figures, PLTR will generate $10.2 billion of revenue and $2.12 billion of FCF in 2030.</p><p>In model 2, I made the assumption that PLTR&#39;s revenue growth is downhill from here, and the entire thesis needs to change. 2022 is now projected to be a 23.29% YoY revenue growth rate for PLTR, so I projected accordingly. Instead of 30% growth rates for 2023 - 2025 ,I placed them at 20%, 20%, and 18%. Then I scaled down to 16%, 14%, 12%, 10%, and 8% for years 2026 - 2030. I completely speculated on the FCF margin and placed it at 10% for 2022, and looked at a 15% FCF margin for 2030. Based on these projections, PLTR would generate $5.68 billion of revenue in 2030 and produce $852.54 million of FCF.</p><p>I don&#39;t have a crystal ball, so I don&#39;t know which model is more accurate, but 2022 isn&#39;t what PLTR had hoped for, and it&#39;s certainly not what I had hoped for. PLTR is generating less cash from operations, and its margins are declining, especially its FCF margin. As an investor, I want to see as much cash and FCF generated from operations as possible, and if its revenue is increasing, I would hope that PLTR is generating additional cash from operations. There isn&#39;t enough data yet for me to lean in either direction, and I want to see how Q4 turns out and what the first half of 2023 looks like prior to making any decisions. While I still think PLTR has a lot of potential, its numbers have deflated my investment thesis, and I am not nearly as enthusiastic as I once was.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/35b01bc10374ca97fc6d7dd4f131c7aa\" tg-width=\"640\" tg-height=\"147\" referrerpolicy=\"no-referrer\"/><span>Steven Fiorillo, Palantir, Seeking Alpha</span></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c52c2f63ca61a261775c95bca20c753b\" tg-width=\"640\" tg-height=\"871\" referrerpolicy=\"no-referrer\"/><span>Palantir</span></p><p>The other aspect I am not thrilled about is PLTR&#39;s stock-based compensation (&#34;SBCU&#34;), but not for the reasons you may suspect. PLTR is a growth company and they are competing against Microsoft (MSFT), Alphabet (GOOG,GOOGL), and the rest of Silicon Valley for software engineers, in addition to every other company for quality salespeople. I would much rather have PLTR tap the equity markets and issue stock-based compensation to fuel its growth instead of tapping the debt markets. I am willing to undergo some dilution for this as many other successful companies, including Tesla (TSLA), have operated in this fashion.</p><p>The problem is that there is no clear picture of how stock-based compensation is awarded to its employees. We see the line items of where it&#39;s expensed to, but we don&#39;t know how it&#39;s distributed. In the first 9 months of operations in 2022, stock-based comp has declined -$175.91 million (-28.78%) to $435.40 million YoY, and in Q3, it declined by -$44.53 million (-24.09%) to $140.31 million YoY. While PLTR is utilizing stock-based comp less and less, operationally, PLTR isn&#39;t hitting its metrics. Revenue growth is slowing and is projected to come in at 23.29% rather than 30% YoY in 2022, and net dollar retention is stalled at 119% for 2 quarters in a row.</p><p>As a shareholder, I am fine with PLTR as a growth company utilizing stock-based compensation if it&#39;s beneficial to the bottom line. In this case, I am not seeing PLTR deliver operationally, while shareholders are diluted and employees are rewarded with additional shares.</p><h2>By the numbers, 2022 isn&#39;t what I had hoped it would be, Q3 earnings weren&#39;t entirely bad, and Palantir still has tremendous potential, but the real question is, can they capitalize?</h2><p>Businesses look toward testimonials and customer feedback to provide validation for their product or service. When it comes to enterprise software, real-world use cases and an A-list of clients are critical for future growth. Palantir has changed up its marketing strategy and put together an entire conference called FoundryCon, which was tailored to the U.S commercial market and open to shareholders, global customers, the press, and the general public. Following the opening fireside talk between Alex Karp and Mike Allen (Co-Founder of Axios), presentations from the U.S. Space Systems Command and the National Cancer Institute were delivered, in addition to remarks from companies that included Jacobs, Morgan Stanley, Apache, and Tyson Foods.</p><p>Tyson Foods CTO Scott Spradley discussed the strategic outcomes that were achieved through transforming their business and generating $200 million in savings across 20 projects. John Rickerman from Jacobs highlighted that they are on track to save $300,000 annually at one of their sites, which was a 20% savings, and they have 300 sites where the same process can be replicated at. Colonel Jennifer Krolikowski stated that 15,000 people would not have been able to be evacuated from Afghanistan without utilizing PLTR&#39;s software.</p><p>PLTR is driving efficiencies and cost benefits for the largest companies and critical government agencies. PLTR is also one of three companies, which includes Amazon (AMZN) and MSFT, that have IL6 Provisional Authorization from the DOD. PLTR&#39;s testimonials are from the largest and most respected entities, and this certainly has an impact on future clients.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/871aee443bc3808cd89c5fc1e4ba2514\" tg-width=\"640\" tg-height=\"719\" referrerpolicy=\"no-referrer\"/><span>Palantir</span></p><p>Once again, Alek Karp put one of the most bullish slides in the Q3 shareholder letter rather than the Q3 presentation. Quite frankly, this slide is something many investors are probably overlooking, and it is critical for the bull thesis. On a TTM basis in Q3 2020, PLTR&#39;s new customer base declined by -29.41%, as they only generated 12 new customers vs. 17 in the year prior. PLTR wasn&#39;t a well-known company in 2020, and for those who knew of PLTR, the common perception was that they were a black box company specializing in platforms for the military-industrial complex.</p><p>PLTR didn&#39;t go public until the fall of 2020, and after they did, their new customer base exploded as more information about PLTR was circulated, and companies saw successful use cases from their industry peers. In 2021 PLTR added 49 additional new customers on a TTM basis in Q3, up 408.33% YoY, as they finished with 61 new customers. In Q3 of 2022, PLTR experienced a huge increase in new customers. PLTR&#39;s new customer base in Q3 of 2022 on a TTM basis grew by 119.67% or 73 new customers YoY to 134.</p><p>I wasn&#39;t thrilled with the net dollar retention being stuck at 119% for 2 consecutive quarters, but seeing the cohort growth in new customers, there will be plenty of chances to upsell customers and add additional functionality to their contracts. Over the last 2 years, PLTR has added 195 new customers, and while new customer growth has decelerated on a percentage basis, it has increased in size YoY. Based on the previous 2 years, PLTR could end up having 450-500 customers by this time next year. If PLTR replicates its 134 new customer growth over the next 12 months, it will put them at 471 customers.</p><p>I was very critical of PLTR&#39;s revenue growth and margins due to the level of stock-based compensation that has been issued, but there is certainly a thesis that the growth hasn&#39;t materialized from their newest customers, and 2022 is an anomaly year from a revenue and margin standpoint.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/40a0de766ef9082a731f07346df7c55b\" tg-width=\"539\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/><span>Palantir</span></p><p>No matter how I look at it, PLTR is growing, even though revenue growth will fall short of PLTR&#39;s previous projections. Q3 revenue is up 22% YoY, and the U.S. business is still exploding, as it&#39;s up 31% YoY. In Q3 PLTR&#39;s total contract value closed at $1.3 billion, while they closed 78 deals worth a minimum of $1 million. Of these 78 deals, 32 were at least worth $5 million, and 19 exceeded $10 million. PLTR ended Q3, having closed 273 deals YTD, which is up 63% YoY from 167 in 2021, which drove its total remaining deal value up 14% YoY to $4.1 billion.</p><p>For all of the shortcomings, there are many aspects to build a bullish thesis around. I am not closing the door on PLTR as I can argue a bullish case to myself in the same fashion I can create a doom and gloom scenario. At the end of the day, PLTR has $2.4 billion of cash on the balance sheet with $0 of debt and is well capitalized for the future. PLTR doesn&#39;t have a single concern with rising rates impacting their expenses, and there is a path to profitability and large amounts of FCF in the future. The only questions are, will PLTR continue growing in a similar fashion, and will its new customer base eventually drive additional net dollar retention levels?</p><h2>Conclusion</h2><p>As a reformed PLTR bull, I am currently neutral on the company. I would need to see revenue get back to the 30%+ projection, margins improve, and expenses either stay in-line or decrease to get bullish again.</p><p>That being said, I am not bearish and find Palantir&#39;s current valuation interesting. I plan on adding more shares and dollar cost averaging, as I am not ready to call it a loss and put this investment in the tax-loss harvesting bucket. I need 3 more quarters of data before making a final decision on PLTR, as there is still a path to billions of FCF in 2030, but the current revenue and margin declines are certainly concerning. As PLTR&#39;s numbers have changed, so has my investment thesis, and I will anxiously be awaiting the Q4 earnings report.</p><p><i>This article is written by Steven Fiorillo for reference only. Please note the risks.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: -11.48% After Earnings, And My Investment Thesis Is Changing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: -11.48% After Earnings, And My Investment Thesis Is Changing\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-09 13:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4554710-palantir-minus-11-48-percent-after-earnings-and-my-investment-thesis-is-changing><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryMy investment thesis has changed now that Palantir Technologies Inc. is projecting its revenue growth in 2022 will be 23.29% rather than 30%+ in 2022.Palantir Technologies has significantly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4554710-palantir-minus-11-48-percent-after-earnings-and-my-investment-thesis-is-changing\">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://seekingalpha.com/article/4554710-palantir-minus-11-48-percent-after-earnings-and-my-investment-thesis-is-changing","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119565865","content_text":"SummaryMy investment thesis has changed now that Palantir Technologies Inc. is projecting its revenue growth in 2022 will be 23.29% rather than 30%+ in 2022.Palantir Technologies has significantly declining margins and it is generating less cash from operations off more revenue, which is concerning.I plan on adding to my position and dollar cost averaging, as Palantir has increased its customer base by 134 YoY and now has other positives, such as an interesting valuation.Michael ViI was very critical of Palantir Technologies Inc. (NYSE:PLTR) after their Q2 earnings call in August, which was reflected in my article, where I went from bullish to neutral inthe blink of an eye. I indicated that I was still bullish on the company's business prospects, but was disappointed with how Alex Karp's (Palantir CEO) commentary and how he conducted himself. After listening to the conference call and reading through the presentation, press release, and Alex Karp's letter to shareholders, I believed there were many things to like, but the original thesis he outlined was changing.Since 2022 isn't playing out according to plan, I need to take a step back and recalculate my projections. Thankfully, the Q3 conference call on 7 November went much better than Q2's, but the results weren't overwhelmingly good. For all of the powerful slides of information embedded within the presentation, the bottom line is that Palantir's revenue growth won't hit Alek Karp's projections, and their margins are being impacted. This is causing the narrative to change. PLTR could still become a great long-term investment, but in the short term, I think shareholders will need to endure unwanted volatility.Seeking AlphaThe ugly part of Q3 and how it is making my projections changeIn Q2 of 2021, PLTR reinforced their long-term outlook of 30%+ revenue growth for 2021 and the next 4 years, bringing them through 2025. PLTR had projected that its 2021 Adjusted FCF (free cash flow) would exceed $300 million in 2021, which would be a 100% increase from its previous outlook. I dislike adjusted numbers and would rather look at straight FCF, which is cash from operations minus CapEx or purchases of property and equipment. In 2021, PLTR ended the year generating $1.54 billion in revenue and $321.22 million of FCF for an FCF margin of 20.83%.I built a model based on PLTR's commentary and their 2021 FCF margin. In my model, which is below, I had PLTR's revenue grow by 30% through 2025, then drop down to 25%, 22%, 19%, 17%, and 15% from years 2026 - 2030. Based on 2021's FCF margin of 20.83%, if these revenue growth numbers were in the ballpark, PLTR would have generated $2.53 billion of FCF in 2030 from $12.16 billion of revenue. Based on a 25x FCF multiple, PLTR would have a $63.30 billion market cap; at a 35x multiple, PLTR would have an $88.62 billion market; and at a 45x multiple, PLTR would have a $113.94 billion market cap. While Q2 made me switch my view because I was worried about how PLTR would be perceived by potential customers, the future looked interesting as there was a clear roadmap to a much larger market cap into 2030 than PLTR had today. All of this ended after the Q3 2022 conference call, and I now need to build a new model.Steven Fiorillo, Palantir, Seeking AlphaPalantirI can no longer use the model I previously based my investment thesis around because PLTR's projections for revenue growth in 2022 have changed, and their margins have decreased significantly. PLTR is now guiding for $1.9 billion of revenue as its midpoint for the fiscal year of 2022. This is a YoY increase of $359.10 million, which is a 23.29% growth rate. The other issue is that PLTR's FCF margin has declined in the first 9-months of operations from 21.07% in 2021 to 7.86% in 2022. In the first 9 months of operations in 2021, PLTR generated $1.11 billion of revenue and $233.64 million of FCF for a 21.07% FCF margin. YTD over the first 9 months of 2022, PLR's revenue has increased by 25.99% YoY ($288.23 million) to $1.4 billion, but its cash from operations has declined by -$95.45 million (-39.70%), and their CapEx has increased by $28.33 million (417.60%), placing its FCF at $109.87 million. PLTR's FCF margin has declined by -13.20 percentage points to 7.86% from 21.07% YoY. As an investor, I need to readjust my investment thesis based on the new information and determine if 2022 is an anomaly or a new normal.PalantirI built 2 models to see where PLTR's numbers could go. My original cash flow projection called for $2.53 billion of FCF from $12.16 billion of revenue in 2030 based on 2021's FCF margin, and my revenue assumptions extrapolated past the 2025 projection from PLTR. In model 1, I chalked 2022 up to an anomaly. If I keep the revenue growth rate the same from 2023-2030 and the FCF margin the same as my previous figures, PLTR will generate $10.2 billion of revenue and $2.12 billion of FCF in 2030.In model 2, I made the assumption that PLTR's revenue growth is downhill from here, and the entire thesis needs to change. 2022 is now projected to be a 23.29% YoY revenue growth rate for PLTR, so I projected accordingly. Instead of 30% growth rates for 2023 - 2025 ,I placed them at 20%, 20%, and 18%. Then I scaled down to 16%, 14%, 12%, 10%, and 8% for years 2026 - 2030. I completely speculated on the FCF margin and placed it at 10% for 2022, and looked at a 15% FCF margin for 2030. Based on these projections, PLTR would generate $5.68 billion of revenue in 2030 and produce $852.54 million of FCF.I don't have a crystal ball, so I don't know which model is more accurate, but 2022 isn't what PLTR had hoped for, and it's certainly not what I had hoped for. PLTR is generating less cash from operations, and its margins are declining, especially its FCF margin. As an investor, I want to see as much cash and FCF generated from operations as possible, and if its revenue is increasing, I would hope that PLTR is generating additional cash from operations. There isn't enough data yet for me to lean in either direction, and I want to see how Q4 turns out and what the first half of 2023 looks like prior to making any decisions. While I still think PLTR has a lot of potential, its numbers have deflated my investment thesis, and I am not nearly as enthusiastic as I once was.Steven Fiorillo, Palantir, Seeking AlphaPalantirThe other aspect I am not thrilled about is PLTR's stock-based compensation (\"SBCU\"), but not for the reasons you may suspect. PLTR is a growth company and they are competing against Microsoft (MSFT), Alphabet (GOOG,GOOGL), and the rest of Silicon Valley for software engineers, in addition to every other company for quality salespeople. I would much rather have PLTR tap the equity markets and issue stock-based compensation to fuel its growth instead of tapping the debt markets. I am willing to undergo some dilution for this as many other successful companies, including Tesla (TSLA), have operated in this fashion.The problem is that there is no clear picture of how stock-based compensation is awarded to its employees. We see the line items of where it's expensed to, but we don't know how it's distributed. In the first 9 months of operations in 2022, stock-based comp has declined -$175.91 million (-28.78%) to $435.40 million YoY, and in Q3, it declined by -$44.53 million (-24.09%) to $140.31 million YoY. While PLTR is utilizing stock-based comp less and less, operationally, PLTR isn't hitting its metrics. Revenue growth is slowing and is projected to come in at 23.29% rather than 30% YoY in 2022, and net dollar retention is stalled at 119% for 2 quarters in a row.As a shareholder, I am fine with PLTR as a growth company utilizing stock-based compensation if it's beneficial to the bottom line. In this case, I am not seeing PLTR deliver operationally, while shareholders are diluted and employees are rewarded with additional shares.By the numbers, 2022 isn't what I had hoped it would be, Q3 earnings weren't entirely bad, and Palantir still has tremendous potential, but the real question is, can they capitalize?Businesses look toward testimonials and customer feedback to provide validation for their product or service. When it comes to enterprise software, real-world use cases and an A-list of clients are critical for future growth. Palantir has changed up its marketing strategy and put together an entire conference called FoundryCon, which was tailored to the U.S commercial market and open to shareholders, global customers, the press, and the general public. Following the opening fireside talk between Alex Karp and Mike Allen (Co-Founder of Axios), presentations from the U.S. Space Systems Command and the National Cancer Institute were delivered, in addition to remarks from companies that included Jacobs, Morgan Stanley, Apache, and Tyson Foods.Tyson Foods CTO Scott Spradley discussed the strategic outcomes that were achieved through transforming their business and generating $200 million in savings across 20 projects. John Rickerman from Jacobs highlighted that they are on track to save $300,000 annually at one of their sites, which was a 20% savings, and they have 300 sites where the same process can be replicated at. Colonel Jennifer Krolikowski stated that 15,000 people would not have been able to be evacuated from Afghanistan without utilizing PLTR's software.PLTR is driving efficiencies and cost benefits for the largest companies and critical government agencies. PLTR is also one of three companies, which includes Amazon (AMZN) and MSFT, that have IL6 Provisional Authorization from the DOD. PLTR's testimonials are from the largest and most respected entities, and this certainly has an impact on future clients.PalantirOnce again, Alek Karp put one of the most bullish slides in the Q3 shareholder letter rather than the Q3 presentation. Quite frankly, this slide is something many investors are probably overlooking, and it is critical for the bull thesis. On a TTM basis in Q3 2020, PLTR's new customer base declined by -29.41%, as they only generated 12 new customers vs. 17 in the year prior. PLTR wasn't a well-known company in 2020, and for those who knew of PLTR, the common perception was that they were a black box company specializing in platforms for the military-industrial complex.PLTR didn't go public until the fall of 2020, and after they did, their new customer base exploded as more information about PLTR was circulated, and companies saw successful use cases from their industry peers. In 2021 PLTR added 49 additional new customers on a TTM basis in Q3, up 408.33% YoY, as they finished with 61 new customers. In Q3 of 2022, PLTR experienced a huge increase in new customers. PLTR's new customer base in Q3 of 2022 on a TTM basis grew by 119.67% or 73 new customers YoY to 134.I wasn't thrilled with the net dollar retention being stuck at 119% for 2 consecutive quarters, but seeing the cohort growth in new customers, there will be plenty of chances to upsell customers and add additional functionality to their contracts. Over the last 2 years, PLTR has added 195 new customers, and while new customer growth has decelerated on a percentage basis, it has increased in size YoY. Based on the previous 2 years, PLTR could end up having 450-500 customers by this time next year. If PLTR replicates its 134 new customer growth over the next 12 months, it will put them at 471 customers.I was very critical of PLTR's revenue growth and margins due to the level of stock-based compensation that has been issued, but there is certainly a thesis that the growth hasn't materialized from their newest customers, and 2022 is an anomaly year from a revenue and margin standpoint.PalantirNo matter how I look at it, PLTR is growing, even though revenue growth will fall short of PLTR's previous projections. Q3 revenue is up 22% YoY, and the U.S. business is still exploding, as it's up 31% YoY. In Q3 PLTR's total contract value closed at $1.3 billion, while they closed 78 deals worth a minimum of $1 million. Of these 78 deals, 32 were at least worth $5 million, and 19 exceeded $10 million. PLTR ended Q3, having closed 273 deals YTD, which is up 63% YoY from 167 in 2021, which drove its total remaining deal value up 14% YoY to $4.1 billion.For all of the shortcomings, there are many aspects to build a bullish thesis around. I am not closing the door on PLTR as I can argue a bullish case to myself in the same fashion I can create a doom and gloom scenario. At the end of the day, PLTR has $2.4 billion of cash on the balance sheet with $0 of debt and is well capitalized for the future. PLTR doesn't have a single concern with rising rates impacting their expenses, and there is a path to profitability and large amounts of FCF in the future. The only questions are, will PLTR continue growing in a similar fashion, and will its new customer base eventually drive additional net dollar retention levels?ConclusionAs a reformed PLTR bull, I am currently neutral on the company. I would need to see revenue get back to the 30%+ projection, margins improve, and expenses either stay in-line or decrease to get bullish again.That being said, I am not bearish and find Palantir's current valuation interesting. I plan on adding more shares and dollar cost averaging, as I am not ready to call it a loss and put this investment in the tax-loss harvesting bucket. I need 3 more quarters of data before making a final decision on PLTR, as there is still a path to billions of FCF in 2030, but the current revenue and margin declines are certainly concerning. As PLTR's numbers have changed, so has my investment thesis, and I will anxiously be awaiting the Q4 earnings report.This article is written by Steven Fiorillo for reference only. Please note the risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984341388,"gmtCreate":1667545046144,"gmtModify":1676537935448,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Meta or.... alphabet... hmmm...&nbsp;","listText":"Meta or.... alphabet... hmmm...&nbsp;","text":"Meta or.... alphabet... hmmm...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984341388","repostId":"1169878705","repostType":2,"repost":{"id":"1169878705","pubTimestamp":1667542749,"share":"https://www.laohu8.com/m/news/1169878705?lang=&edition=full","pubTime":"2022-11-04 14:19","market":"us","language":"en","title":"Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1169878705","media":"seekingalpha","summary":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with th","content":"<html><head></head><body><h2>Summary</h2><ul><li>Both META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.</li><li>META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.</li><li>Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.</li><li>There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta&#39;s vision. Reality Labs is the most expensive, speculative &#34;build it and they will come&#34; bet in history.</li><li>In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that&#39;s expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&amp;P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.</li><li>I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/4fe52b994194e54b84e654197a9f5330\" tg-width=\"750\" tg-height=\"527\" referrerpolicy=\"no-referrer\"/></p><p>At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.</p><p>This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.</p><p>The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.</p><ul><li>MSFT: -8% (the next day)</li><li>GOOG: -9% (the next day)</li><li>AMZN: -23% (after hours)</li><li>META: -27% (after-hours)</li></ul><p>All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another &#34;Fed pivot&#34; hopium rally.</p><p>When some of the world&#39;s biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it&#39;s a great chance to be &#34;greedy when others are fearful.&#34;</p><p>Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company&#39;s prospects.</p><p>So let&#39;s take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.</p><p>Let&#39;s start with META, the most troubled of the FAANG stocks.</p><p>Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad King<img src=\"https://static.tigerbbs.com/94b7c077967965756e234a35664742a4\" tg-width=\"640\" tg-height=\"418\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>Mark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.</p><ul><li>META is down 78% off its record highs</li></ul><p>This was the second 20%-plus single day crash for Meta,</p><p><img src=\"https://static.tigerbbs.com/706204351d633b8db7c62d0aa7eaa395\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Back in February, Meta became the first company in history to lose a quarter trillion in value in a single day.</p><p>This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.</p><p>Why did Wall Street gut Meta so ferociously?</p><p>Was it Meta&#39;s struggles to grow its global user base?</p><p><img src=\"https://static.tigerbbs.com/f84447a607d2353f7986396e76143f54\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>Not really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta&#39;s platforms daily remains steady at 79%. What about sales?</p><p><img src=\"https://static.tigerbbs.com/06ac6fe99afe499d7c54249692ded889\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>While sales are down from last year, that&#39;s mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.</p><p>What about revenue per family/user?</p><p><img src=\"https://static.tigerbbs.com/c18c27bea2158ab29ea17321b73bd226\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>That&#39;s been steady for two years now, which isn&#39;t great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.</p><p><img src=\"https://static.tigerbbs.com/493c782e7fe88c7d31ccbc5c125f2a63\" tg-width=\"640\" tg-height=\"627\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>So what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?</p><p><img src=\"https://static.tigerbbs.com/4311b4965b6c8f91931fc8f2cf0e140d\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.</p><p><img src=\"https://static.tigerbbs.com/6e2cd70c06797efd8d8e30e25fdbe8da\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META&#39;s EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.</p><p>Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.</p><p>But also because of this.</p><blockquote><b>We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.</b>Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.&#34; - Mark Zuckerberg, Q3 conference call (emphasis added)</blockquote><p>Last year META lost $10 billion on the Metaverse, and this year it&#39;s expected to lose even more. And per its CEO and founder, next year &#34;significantly more&#34; still.</p><p><img src=\"https://static.tigerbbs.com/f4e892aa9bb18f5f8d13a588dae8dd1e\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Based on Zuckerberg&#39;s comments about &#34;pacing&#34; spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.</p><p>Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue Chip</p><p>Mark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn&#39;t been a problem, even though he&#39;s been effectively the &#34;emperor&#34; of Facebook since the beginning.</p><p>But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there&#39;s no one with the credibility in META&#39;s c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.</p><p>But isn&#39;t Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?</p><p>Yes, but there&#39;s a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?</p><p><img src=\"https://static.tigerbbs.com/b8c05494f0e487fb3a61b3f300f45626\" tg-width=\"640\" tg-height=\"623\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>The potential market for VR in general is about 100 million people today and that&#39;s expected to grow to about 130 million by 2027.</p><p>META is struggling to grow its user base beyond its current 3 billion, because it&#39;s largely saturated its addressable market of Internet-0connected people around the world.</p><p>Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.</p><p><img src=\"https://static.tigerbbs.com/d11876b87180b39c2b209e00ea94ac32\" tg-width=\"640\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p>Engadget</p><p>Meta&#39;s &#34;significantly higher losses&#34; in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.</p><p>META&#39;s timing on the Metaverse literally came at the worst possible time.</p><ul><li>the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.</li><li>just as the speculative tech bubble burst</li><li>and now is launching a $1500 VR headset that costs more than an iPhone during a recession</li><li>today even Apple is starting to struggle with iPhone sales</li><li>and the Quest Pro is much less useful or desirable than an iPhone</li></ul><p>And I&#39;m not the only one skeptical of Meta&#39;s giant pivot into a sci-fi future.</p><p><img src=\"https://static.tigerbbs.com/ab726475339a2554c9db03d4b123b08a\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Reality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.</p><ul><li>not exactly a thrilling level of growth</li></ul><p>That grow rate isn&#39;t expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it&#39;s expected to total $2.8 billion, just over 1% of the company&#39;s sales.</p><p>All while generating $20.3 billion in operating losses, by 2025.</p><p>Reality Labs was founded in 2021, when Meta changed its name and its mission.</p><ul><li>$79.5 billion in cumulative operating losses through 2025</li><li>with no signs of declining annual losses, much less profits</li></ul><p>Zuckerberg is either crazy or a genius, and so far all the evidence points to crazy.</p><ul><li>Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025</li></ul><p>But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can&#39;t ask customers what they want in a product, because true innovation is so revolutionary they don&#39;t know they want it.</p><blockquote><i>If I</i>had<i>asked</i>people what they wanted, they would have said faster horses.” - Henry Ford</blockquote><p>How many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.</p><p>And then gave Steve Jobs the credibility and &#34;reality distortion field&#34; to change the world with the iPhone.</p><p>In other words, truly revolutionary change requires a &#34;build it and they will come&#34; mindset. At least that&#39;s how Mark Zuckerberg is spinning his $200 billion bet.</p><p>The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.</p><p>For what&#39;s objectively a very speculative bet.</p><p>For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.</p><p>It Wasn&#39;t All Bad</p><blockquote>Our positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.</blockquote><blockquote>In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.&#34; - Morningstar</blockquote><p>META has been very badly hurt by Apple&#39;s change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.</p><p><img src=\"https://static.tigerbbs.com/f10a5a150ede879f1ebd43fb55d4fb8d\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>iPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.</p><p>META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.</p><ul><li>META most of all</li><li>GOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)</li><li>AMZN least of all because its ad-algos are mostly running on its own proprietary data</li></ul><p><img src=\"https://static.tigerbbs.com/0dd8dea4f3c18e533cf6877b3017340f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Meta&#39;suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don&#39;t believe the Social Media king is dying.</p><p>Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.</p><p>And<b>free cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.</b></p><p>And thanks to a much lower market cap,<b>Meta&#39;s consensus buybacks of $93 billion from 2023 to 2027</b>could buy back a lot of stock.</p><ul><li>34% of shares at current valuations</li><li>up to 10% of shares each year</li></ul><p>And what about Meta&#39;s growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?</p><table><tbody><tr><td><b>Investment Strategy</b></td><td><b>Yield</b></td><td><b>LT Consensus Growth</b></td><td><b>LT Consensus Total Return Potential</b></td><td><b>Long-Term Risk-Adjusted Expected Return</b></td><td><b>Long-Term Inflation And Risk-Adjusted Expected Returns</b></td><td><b>Years To Double Your Inflation &amp; Risk-Adjusted Wealth</b></td><td><p><b>10-Year Inflation And Risk-Adjusted Expected Return</b></p></td></tr><tr><td><b>Meta Platforms</b></td><td><b>0%</b></td><td><b>15.3%</b></td><td><b>15.3%</b></td><td><b>10.7%</b></td><td><b>8.4%</b></td><td><b>8.5</b></td><td><b>2.25</b></td></tr><tr><td>Nasdaq</td><td>0.8%</td><td>11.5%</td><td>12.3%</td><td>8.6%</td><td>6.3%</td><td>11.4</td><td>1.85</td></tr><tr><td>Schwab US Dividend Equity ETF</td><td>3.6%</td><td>8.5%</td><td>12.1%</td><td>8.4%</td><td>6.2%</td><td>11.7</td><td>1.82</td></tr><tr><td>Dividend Aristocrats</td><td>2.6%</td><td>8.5%</td><td>11.1%</td><td>7.8%</td><td>5.5%</td><td>13.1</td><td>1.71</td></tr><tr><td><b>Alphabet</b></td><td><b>0.0%</b></td><td><b>11.1%</b></td><td><b>11.1%</b></td><td><b>7.8%</b></td><td><b>5.5%</b></td><td><b>13.1</b></td><td><b>1.71</b></td></tr><tr><td>S&amp;P 500</td><td>1.8%</td><td>8.5%</td><td>10.3%</td><td>7.2%</td><td>4.9%</td><td>14.6</td><td>1.62</td></tr></tbody></table><p><i>(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)</i></p><p>Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&amp;P over time.</p><p>And that doesn&#39;t include valuation, and there&#39;s no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.</p><p>Meta Is A Screaming Buy... If You Trust Zuckerberg&#39;s Vision</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (8-Years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><p><b>12-Month Forward Fair Value</b></p></td></tr><tr><td>Earnings</td><td>26.84</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td></tr><tr><td>Average</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td><td><b>$224.38</b></td></tr><tr><td>Current Price</td><td>$94.82</td></tr><tr><td><p>Discount To Fair Value</p></td><td>74.34%</td><td>57.74%</td><td>57.74%</td><td>66.95%</td><td>73.97%</td><td><b>57.74%</b></td></tr><tr><td>Upside To Fair Value</td><td>289.78%</td><td>136.64%</td><td>136.64%</td><td>202.59%</td><td>284.12%</td><td><b>136.64%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward EPS</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$8.36</td><td>$8.36</td><td>$1.13</td><td>$7.23</td><td>$8.36</td><td><i><b>26.8</b></i></td><td><i><b>11.3</b></i></td><td><i><b>4.9</b></i></td></tr></tbody></table><p>IF META does grow at 15% over time, then historically it&#39;s worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.</p><ul><li>a bargain by even private equity standards</li></ul><p>Its PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.</p><p>Meta 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/62054bc6735d5b3012c6d1da25de4e92\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.</p><ul><li>about 6X more than the S&amp;P 500</li></ul><p>Meta 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/2b8d1f772339dbea925e58d0134800da\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>META has Amazon like return potential over the next five year, IF the turnaround is successful.</p><ul><li>326% consensus return potential through 2027</li><li>32% CAGR</li><li>about 7X more than the S&amp;P 500</li></ul><p>Meta Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/0937d49464fcb7f2e82aaaf59250190b\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p><i>(Source: Dividend Kings Automated Investment Decision Tool)</i></p><p>META is as close to a perfect<i>speculative</i>hyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>57% discount to fair value vs. 2% S&amp;P = 55% better valuation</b></li><li><b>almost 50% better long-term annual return potential</b></li><li><b>about 4X higher risk-adjusted expected returns</b></li></ul><p>Alphabet: One Of The World&#39;s Best Growth Blue-Chips Is Doing Just Fine</p><p>Bottom line up front, GOOG is a far safer and better run company than Meta.</p><table><tbody><tr><td><b>Company</b></td><td><b>Meta Platforms</b></td><td><b>Alphabet</b></td><td><b>META Wins</b></td><td><b>GOOG Wins</b></td></tr><tr><td>LT Growth Consensus</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>Total Return Potential</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>LT Risk-Adjusted Expected Return</td><td><b>10.7%</b></td><td>7.7%</td><td>1</td></tr><tr><td>Inflation &amp; Risk-Adjusted Expected Return</td><td><b>8.4%</b></td><td>5.5%</td><td>1</td></tr><tr><td>Years To Double</td><td><b>8.5</b></td><td>13.0</td><td>1</td></tr><tr><td>Historical Total Return</td><td>11.6%</td><td><b>19.8%</b></td><td>1</td></tr><tr><td>12-Month Consensus Total Return Potential</td><td><b>68%</b></td><td>40%</td><td>1</td></tr><tr><td>12-Month Fundamentally Justified Total Return Potential</td><td><b>137%</b></td><td>47%</td><td>1</td></tr><tr><td>5-Year Consensus Return Potential</td><td><b>29% to 45%</b></td><td>19% to 21%</td><td>1</td></tr><tr><td>Discount To Fair Value</td><td><b>57%</b></td><td>32%</td><td>1</td></tr><tr><td>Cash-Adjusted PE</td><td><b>4.9</b></td><td>9.7</td><td>1</td></tr><tr><td>DK Rating</td><td><b>Ultra Value Buy</b></td><td>Very Strong Buy</td><td>1</td></tr><tr><td>Dividend King&#39;s Automatic Investment Decision Score</td><td><b>100% A+ Excellent</b></td><td><b>100% A+ Excellent</b></td><td>1</td><td>1</td></tr><tr><td>Quality Score</td><td>84%</td><td><b>97%</b></td><td>1</td></tr><tr><td>Safety Score</td><td><b>100%</b></td><td><b>100%</b></td><td>1</td><td>1</td></tr><tr><td>Dependability Score</td><td>67%</td><td><b>94%</b></td><td>1</td></tr><tr><td>S&amp;P LT Risk Management Global Percentile</td><td>63% Above-Average, Low Risk</td><td><b>93% Exceptional (Very Low Risk)</b></td><td>1</td></tr><tr><td>Credit Rating</td><td>AA- Stable</td><td><b>AA+ Stable</b></td><td>1</td></tr><tr><td>30-Year Bankruptcy Risk</td><td>0.55%</td><td><b>0.29%</b></td><td>1</td></tr><tr><td>Return On Capital (12-Months)</td><td>46%</td><td><b>68%</b></td><td>1</td></tr><tr><td>Return On Capital Industry Percentile</td><td>60%</td><td><b>64%</b></td><td>1</td></tr><tr><td>Return On Capital (13-Year Median)</td><td>95%</td><td><b>74%</b></td><td>1</td></tr><tr><td>Return On Capital (5-Year trend)</td><td>-16%</td><td><b>-1.0%</b></td><td>1</td></tr><tr><td><b>Sum</b></td><td><b>14</b></td><td><b>11</b></td></tr></tbody></table><p><i>(Source: DK Zen Research Terminal)</i></p><p>Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.</p><p>Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.</p><p>META&#39;s AA-stable credit rating is excellent, but GOOG&#39;s AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&amp;P.</p><p>META&#39;s 68th S&amp;P long-term risk management percentile is above-average bordering on good, indicating low risk.</p><p>But GOOG&#39;s 93rd percentile risk management is exceptional, indicating a very low risk, and you don&#39;t have to worry about a CEO king who for now looks to have lost his mind.</p><p>GOOG&#39;s historical profitability is superior to META&#39;s, and its wide moat has been far more stable in recent years.</p><p><img src=\"https://static.tigerbbs.com/43f1ca84d4462833213817298e24e113\" tg-width=\"640\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>And YouTube, the crown jewel in GOOG&#39;s social media crown, is far more popular with young people than Facebook or Instagram.</p><p><img src=\"https://static.tigerbbs.com/0a1a3b04fa6ad74bec76f543d4b551bc\" tg-width=\"640\" tg-height=\"463\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>And unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.</p><ul><li>its #4 in Cloud Computing</li></ul><p>GOOG&#39;s &#34;other bets&#34; it&#39;s moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.</p><p>Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.</p><p>GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.</p><ul><li>100 million global VR users, not META VR users</li></ul><p><img src=\"https://static.tigerbbs.com/259efcc5572a42720a588533421b02fc\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>GOOG Cloud is a fast growing business. It&#39;s not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.</p><p>By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.</p><p>In other words, Google Cloud is a 26% CAGR growing business that&#39;s expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.</p><p><img src=\"https://static.tigerbbs.com/46de34fc9eecf6693ab7b75e73afab83\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>IOT Analytics</p><p>And unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.</p><blockquote><b>The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020</b>, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.&#34; -Bloomberg</blockquote><p>Now in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that&#39;s 80% gaming which META is getting only a small handful off.</p><ul><li>META&#39;s market share in the Metaverse is currently 1.6%</li></ul><p>In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.</p><p>GOOG&#39;s ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.</p><p>And speaking of cash flow.</p><p><img src=\"https://static.tigerbbs.com/e44d44de216c22eb1bb6c72a5bdcb469\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>While META&#39;s FCF is expected to get cut in half to $16 billion in 2022, GOOG&#39;s is expected to remain stable at $68 billion.</p><p>In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.</p><p>2027 FCF Consensus Forecasts:</p><ol><li>GOOG: $159 billion</li><li>AAPL: $155 billion</li><li>AMZN: $137 billion</li><li>MSFT: $101 billion</li><li>META: $43 billion</li></ol><p>And while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.</p><p>In fact, in 2027 alone GOOG&#39;s consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.</p><p>Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value Buy</p><blockquote>Alphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.&#34; - Morningstar</blockquote><p>GOOG&#39;s 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.</p><p>Nothing about GOOG&#39;s fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.</p><ul><li>GOOG is not a turnaround story (20% or less max risk cap rec)</li><li>META is a turnaround story (2.5% or less max risk cap rec)</li></ul><blockquote>YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.&#34; - Morningstar</blockquote><p>While META is struggling to compete with Tok-Tok (and losing for now), GOOG&#39;s YouTube is holding its own.</p><p>And while META&#39;s user data feed was gutted by Apple&#39;s privacy change, GOOG was barely affected at all.</p><ul><li>GMAIL has almost 2 billion global users</li><li>4.3 billion people use Google Search</li><li>GOOG has over seven services with over 1 billion users.</li></ul><p>This is how GOOG is able to replace that user data that META can&#39;t.</p><p>And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.</p><p>META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.</p><ul><li>the most passionate Metaverse advocates hate META with a passion</li><li>they view Zuckerberg&#39;s vision as a &#34;Ready Player One&#34; style dystopia</li></ul><p>So with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&amp;P.</p><p>You have a clear path to growth and far less execution risk than what META faces.</p><p>And most of all, you don&#39;t have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.</p><p>Alphabet: A Wonderful Company At A Wonderful Price</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (all years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><b>12-Month Forward Fair Value</b></td></tr><tr><td>Earnings</td><td>25.79</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td></tr><tr><td>Average</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td><td><b>$136.60</b></td></tr><tr><td>Current Price</td><td>$92.11</td></tr><tr><td><p>Discount To Fair Value</p></td><td>36.34%</td><td>24.97%</td><td>33.61%</td><td>43.58%</td><td>53.07%</td><td><b>32.57%</b></td></tr><tr><td>Upside To Fair Value</td><td>57.08%</td><td>33.28%</td><td>50.64%</td><td>77.23%</td><td>113.07%</td><td><b>48.30%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward PE</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$4.76</td><td>$5.38</td><td>$0.64</td><td>$4.66</td><td>$5.30</td><td><i><b>25.8</b></i></td><td><i><b>17.4</b></i></td><td><i><b>9.8</b></i></td></tr></tbody></table><p>GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.</p><p>Thus I&#39;m confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.</p><p>Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.</p><ul><li>a PEG of 0.88</li><li>growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management package</li></ul><p>Alphabet 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/23868f3dfc1869c9442f0ad0672d2a09\" tg-width=\"640\" tg-height=\"280\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.</p><ul><li>more than 2X greater than the S&amp;P 500</li></ul><p>Alphabet 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/6c3e07e1e806a11b6863540e10944c6e\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.</p><ul><li>Buffett-like returns from a blue-chip bargain hiding in plain sight</li><li>about 2.5X more than the S&amp;P 500</li><li><b>19% to 21% CAGR consensus return potential range</b></li></ul><p>GOOG Corp Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/6470c914e395e501c75702109cc80d34\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p>GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>32% discount to fair value vs. 2% S&amp;P = 30% better valuation</b></li><li><b>10% better long-term annual return potential (but with far better safety, quality, and risk-management)</b></li><li><b>about 2X higher risk-adjusted expected returns</b></li></ul><p>Bottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy Today</p><p>META has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.</p><p>I&#39;m personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.</p><p>That&#39;s why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).</p><p>In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.</p><p>It&#39;s 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.</p><p>And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.</p><p>Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I&#39;m a lot more confident that GOOG won&#39;t just meet growth forecasts, but potentially exceed them by a wide margin.</p><p>With META? Well, it&#39;s ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of &#34;if you build it they will come.&#34; I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.</p></body></html>","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>Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy</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\">\nMeta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1169878705","content_text":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta's vision. Reality Labs is the most expensive, speculative \"build it and they will come\" bet in history.In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that's expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.MSFT: -8% (the next day)GOOG: -9% (the next day)AMZN: -23% (after hours)META: -27% (after-hours)All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another \"Fed pivot\" hopium rally.When some of the world's biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it's a great chance to be \"greedy when others are fearful.\"Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company's prospects.So let's take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.Let's start with META, the most troubled of the FAANG stocks.Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad KingYchartsMark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.META is down 78% off its record highsThis was the second 20%-plus single day crash for Meta,BloombergBack in February, Meta became the first company in history to lose a quarter trillion in value in a single day.This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.Why did Wall Street gut Meta so ferociously?Was it Meta's struggles to grow its global user base?investor presentationNot really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta's platforms daily remains steady at 79%. What about sales?investor presentationWhile sales are down from last year, that's mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.What about revenue per family/user?investor presentationThat's been steady for two years now, which isn't great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.Daily ShotSo what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?investor presentationMETA has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.investor presentationMETA's EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.But also because of this.We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.\" - Mark Zuckerberg, Q3 conference call (emphasis added)Last year META lost $10 billion on the Metaverse, and this year it's expected to lose even more. And per its CEO and founder, next year \"significantly more\" still.FactSet Research TerminalBased on Zuckerberg's comments about \"pacing\" spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue ChipMark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn't been a problem, even though he's been effectively the \"emperor\" of Facebook since the beginning.But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there's no one with the credibility in META's c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.But isn't Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?Yes, but there's a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?StatistaThe potential market for VR in general is about 100 million people today and that's expected to grow to about 130 million by 2027.META is struggling to grow its user base beyond its current 3 billion, because it's largely saturated its addressable market of Internet-0connected people around the world.Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.EngadgetMeta's \"significantly higher losses\" in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.META's timing on the Metaverse literally came at the worst possible time.the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.just as the speculative tech bubble burstand now is launching a $1500 VR headset that costs more than an iPhone during a recessiontoday even Apple is starting to struggle with iPhone salesand the Quest Pro is much less useful or desirable than an iPhoneAnd I'm not the only one skeptical of Meta's giant pivot into a sci-fi future.FactSet Research TerminalReality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.not exactly a thrilling level of growthThat grow rate isn't expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it's expected to total $2.8 billion, just over 1% of the company's sales.All while generating $20.3 billion in operating losses, by 2025.Reality Labs was founded in 2021, when Meta changed its name and its mission.$79.5 billion in cumulative operating losses through 2025with no signs of declining annual losses, much less profitsZuckerberg is either crazy or a genius, and so far all the evidence points to crazy.Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can't ask customers what they want in a product, because true innovation is so revolutionary they don't know they want it.If Ihadaskedpeople what they wanted, they would have said faster horses.” - Henry FordHow many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.And then gave Steve Jobs the credibility and \"reality distortion field\" to change the world with the iPhone.In other words, truly revolutionary change requires a \"build it and they will come\" mindset. At least that's how Mark Zuckerberg is spinning his $200 billion bet.The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.For what's objectively a very speculative bet.For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.It Wasn't All BadOur positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.\" - MorningstarMETA has been very badly hurt by Apple's change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.StatistaiPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.META most of allGOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)AMZN least of all because its ad-algos are mostly running on its own proprietary dataFactSet Research TerminalMeta'suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don't believe the Social Media king is dying.Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.Andfree cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.And thanks to a much lower market cap,Meta's consensus buybacks of $93 billion from 2023 to 2027could buy back a lot of stock.34% of shares at current valuationsup to 10% of shares each yearAnd what about Meta's growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?Investment StrategyYieldLT Consensus GrowthLT Consensus Total Return PotentialLong-Term Risk-Adjusted Expected ReturnLong-Term Inflation And Risk-Adjusted Expected ReturnsYears To Double Your Inflation & Risk-Adjusted Wealth10-Year Inflation And Risk-Adjusted Expected ReturnMeta Platforms0%15.3%15.3%10.7%8.4%8.52.25Nasdaq0.8%11.5%12.3%8.6%6.3%11.41.85Schwab US Dividend Equity ETF3.6%8.5%12.1%8.4%6.2%11.71.82Dividend Aristocrats2.6%8.5%11.1%7.8%5.5%13.11.71Alphabet0.0%11.1%11.1%7.8%5.5%13.11.71S&P 5001.8%8.5%10.3%7.2%4.9%14.61.62(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&P over time.And that doesn't include valuation, and there's no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.Meta Is A Screaming Buy... If You Trust Zuckerberg's VisionMetricHistorical Fair Value Multiples (8-Years)2021202220232024202512-Month Forward Fair ValueEarnings26.84$369.59$224.38$224.38$286.92$364.22Average$369.59$224.38$224.38$286.92$364.22$224.38Current Price$94.82Discount To Fair Value74.34%57.74%57.74%66.95%73.97%57.74%Upside To Fair Value289.78%136.64%136.64%202.59%284.12%136.64%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward EPS12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$8.36$8.36$1.13$7.23$8.3626.811.34.9IF META does grow at 15% over time, then historically it's worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.a bargain by even private equity standardsIts PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.Meta 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet)If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.about 6X more than the S&P 500Meta 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet)META has Amazon like return potential over the next five year, IF the turnaround is successful.326% consensus return potential through 202732% CAGRabout 7X more than the S&P 500Meta Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)(Source: Dividend Kings Automated Investment Decision Tool)META is as close to a perfectspeculativehyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.57% discount to fair value vs. 2% S&P = 55% better valuationalmost 50% better long-term annual return potentialabout 4X higher risk-adjusted expected returnsAlphabet: One Of The World's Best Growth Blue-Chips Is Doing Just FineBottom line up front, GOOG is a far safer and better run company than Meta.CompanyMeta PlatformsAlphabetMETA WinsGOOG WinsLT Growth Consensus15.3%11.1%1Total Return Potential15.3%11.1%1LT Risk-Adjusted Expected Return10.7%7.7%1Inflation & Risk-Adjusted Expected Return8.4%5.5%1Years To Double8.513.01Historical Total Return11.6%19.8%112-Month Consensus Total Return Potential68%40%112-Month Fundamentally Justified Total Return Potential137%47%15-Year Consensus Return Potential29% to 45%19% to 21%1Discount To Fair Value57%32%1Cash-Adjusted PE4.99.71DK RatingUltra Value BuyVery Strong Buy1Dividend King's Automatic Investment Decision Score100% A+ Excellent100% A+ Excellent11Quality Score84%97%1Safety Score100%100%11Dependability Score67%94%1S&P LT Risk Management Global Percentile63% Above-Average, Low Risk93% Exceptional (Very Low Risk)1Credit RatingAA- StableAA+ Stable130-Year Bankruptcy Risk0.55%0.29%1Return On Capital (12-Months)46%68%1Return On Capital Industry Percentile60%64%1Return On Capital (13-Year Median)95%74%1Return On Capital (5-Year trend)-16%-1.0%1Sum1411(Source: DK Zen Research Terminal)Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.META's AA-stable credit rating is excellent, but GOOG's AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&P.META's 68th S&P long-term risk management percentile is above-average bordering on good, indicating low risk.But GOOG's 93rd percentile risk management is exceptional, indicating a very low risk, and you don't have to worry about a CEO king who for now looks to have lost his mind.GOOG's historical profitability is superior to META's, and its wide moat has been far more stable in recent years.Daily ShotAnd YouTube, the crown jewel in GOOG's social media crown, is far more popular with young people than Facebook or Instagram.FactSet Research TerminalAnd unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.its #4 in Cloud ComputingGOOG's \"other bets\" it's moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.100 million global VR users, not META VR usersDaily ShotGOOG Cloud is a fast growing business. It's not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.In other words, Google Cloud is a 26% CAGR growing business that's expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.IOT AnalyticsAnd unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.\" -BloombergNow in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that's 80% gaming which META is getting only a small handful off.META's market share in the Metaverse is currently 1.6%In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.GOOG's ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.And speaking of cash flow.FactSet Research TerminalWhile META's FCF is expected to get cut in half to $16 billion in 2022, GOOG's is expected to remain stable at $68 billion.In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.2027 FCF Consensus Forecasts:GOOG: $159 billionAAPL: $155 billionAMZN: $137 billionMSFT: $101 billionMETA: $43 billionAnd while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.In fact, in 2027 alone GOOG's consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value BuyAlphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.\" - MorningstarGOOG's 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.Nothing about GOOG's fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.GOOG is not a turnaround story (20% or less max risk cap rec)META is a turnaround story (2.5% or less max risk cap rec)YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.\" - MorningstarWhile META is struggling to compete with Tok-Tok (and losing for now), GOOG's YouTube is holding its own.And while META's user data feed was gutted by Apple's privacy change, GOOG was barely affected at all.GMAIL has almost 2 billion global users4.3 billion people use Google SearchGOOG has over seven services with over 1 billion users.This is how GOOG is able to replace that user data that META can't.And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.the most passionate Metaverse advocates hate META with a passionthey view Zuckerberg's vision as a \"Ready Player One\" style dystopiaSo with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&P.You have a clear path to growth and far less execution risk than what META faces.And most of all, you don't have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.Alphabet: A Wonderful Company At A Wonderful PriceMetricHistorical Fair Value Multiples (all years)2021202220232024202512-Month Forward Fair ValueEarnings25.79$144.68$122.76$138.75$163.25$196.26Average$144.68$122.76$138.75$163.25$196.26$136.60Current Price$92.11Discount To Fair Value36.34%24.97%33.61%43.58%53.07%32.57%Upside To Fair Value57.08%33.28%50.64%77.23%113.07%48.30%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward PE12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$4.76$5.38$0.64$4.66$5.3025.817.49.8GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.Thus I'm confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.a PEG of 0.88growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management packageAlphabet 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.more than 2X greater than the S&P 500Alphabet 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.Buffett-like returns from a blue-chip bargain hiding in plain sightabout 2.5X more than the S&P 50019% to 21% CAGR consensus return potential rangeGOOG Corp Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.32% discount to fair value vs. 2% S&P = 30% better valuation10% better long-term annual return potential (but with far better safety, quality, and risk-management)about 2X higher risk-adjusted expected returnsBottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy TodayMETA has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.I'm personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.That's why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.It's 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I'm a lot more confident that GOOG won't just meet growth forecasts, but potentially exceed them by a wide margin.With META? Well, it's ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of \"if you build it they will come.\" I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983105533,"gmtCreate":1666169506023,"gmtModify":1676537717358,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAL\">$American Airlines(AAL)$</a>🫡🫡","listText":"<a href=\"https://ttm.financial/S/AAL\">$American Airlines(AAL)$</a>🫡🫡","text":"$American Airlines(AAL)$🫡🫡","images":[{"img":"https://community-static.tradeup.com/news/344ef23a8333221aa43a1147cfb512e0","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9983105533","isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9908842610,"gmtCreate":1659364541930,"gmtModify":1705979543681,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9908842610","repostId":"1116406091","repostType":4,"repost":{"id":"1116406091","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1659361285,"share":"https://www.laohu8.com/m/news/1116406091?lang=&edition=full","pubTime":"2022-08-01 21:41","market":"us","language":"en","title":"Monkeypox Stocks Boosted in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1116406091","media":"Tiger Newspress","summary":"Monkeypox stocks boosted in morning trading, with Tonix surging over 17% and SIGA soaring over 8%.Ne","content":"<html><head></head><body><p>Monkeypox stocks boosted in morning trading, with Tonix surging over 17% and SIGA soaring over 8%.</p><p><img src=\"https://static.tigerbbs.com/196495680d767a018cf5054a9f7f81cd\" tg-width=\"842\" tg-height=\"722\" referrerpolicy=\"no-referrer\"/>New York City on Saturday declared monkeypox a public health emergency, which has lifted monkeypox-related stocks.</p><p>New York City officials have declared monkeypox a public health emergency due to the spread of the virus in the area. The public health emergency designation allows officials to issue emergency orders under the city health code and implement measures to help slow down the spread of the virus.</p><p>&#34;New York City is currently the epicenter of the outbreak, and we estimate that approximately 150,000 New Yorkers may currently be at risk for monkeypox exposure,&#34; NYC Mayor <b>Eric Adams</b> and NYC Department of Health and Mental Hygiene Commissioner <b>Dr. Ashwin Vasan</b> said Saturdayin a joint statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Monkeypox Stocks Boosted in Morning Trading</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\">\nMonkeypox Stocks Boosted in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-08-01 21:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Monkeypox stocks boosted in morning trading, with Tonix surging over 17% and SIGA soaring over 8%.</p><p><img src=\"https://static.tigerbbs.com/196495680d767a018cf5054a9f7f81cd\" tg-width=\"842\" tg-height=\"722\" referrerpolicy=\"no-referrer\"/>New York City on Saturday declared monkeypox a public health emergency, which has lifted monkeypox-related stocks.</p><p>New York City officials have declared monkeypox a public health emergency due to the spread of the virus in the area. The public health emergency designation allows officials to issue emergency orders under the city health code and implement measures to help slow down the spread of the virus.</p><p>&#34;New York City is currently the epicenter of the outbreak, and we estimate that approximately 150,000 New Yorkers may currently be at risk for monkeypox exposure,&#34; NYC Mayor <b>Eric Adams</b> and NYC Department of Health and Mental Hygiene Commissioner <b>Dr. Ashwin Vasan</b> said Saturdayin a joint statement.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMRX":"Chimerix Inc.","SIGA":"SIGA Technologies Inc"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116406091","content_text":"Monkeypox stocks boosted in morning trading, with Tonix surging over 17% and SIGA soaring over 8%.New York City on Saturday declared monkeypox a public health emergency, which has lifted monkeypox-related stocks.New York City officials have declared monkeypox a public health emergency due to the spread of the virus in the area. The public health emergency designation allows officials to issue emergency orders under the city health code and implement measures to help slow down the spread of the virus.\"New York City is currently the epicenter of the outbreak, and we estimate that approximately 150,000 New Yorkers may currently be at risk for monkeypox exposure,\" NYC Mayor Eric Adams and NYC Department of Health and Mental Hygiene Commissioner Dr. Ashwin Vasan said Saturdayin a joint statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":266,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9052595411,"gmtCreate":1655192249533,"gmtModify":1676535578572,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Speechless]&nbsp;[Speechless]&nbsp;","listText":"[Speechless]&nbsp;[Speechless]&nbsp;","text":"[Speechless] [Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9052595411","repostId":"1199952964","repostType":2,"repost":{"id":"1199952964","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1655185388,"share":"https://www.laohu8.com/m/news/1199952964?lang=&edition=full","pubTime":"2022-06-14 13:43","market":"us","language":"en","title":"Tiger Chart | Federal Reserve's Roadmap for Raising Interest Rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1199952964","media":"Tiger Newspress","summary":"FED will announce its interest rate resolution on June 15. It is very likely that FED will raise int","content":"<html><head></head><body><p>FED will announce its interest rate resolution on June 15. It is very likely that FED will raise interest rates by 75 basis points in June and July, according to CME FedWatch Tool.</p><p><img src=\"https://static.tigerbbs.com/790b7da6a0833f59fcb2f45bc5c69a1b\" tg-width=\"1500\" tg-height=\"1189\" referrerpolicy=\"no-referrer\"/></p><p>Due to the market&#39;s concern that the Federal Reserve will issue a super hawk signal this week, the three major US stock indexes collectively fell sharply on Monday, June 13. The Dow fell more than 870 points, and the S&amp;P 500 fell into a bear market.</p><p>Last Friday, once the inflation growth rate in May, which reached a 40 year high, was announced, the market&#39;s expectations for the hawkish interest rate hike of the Federal Reserve rose sharply. Barclays became the first investment bank on Wall Street to call for the Federal Reserve to raise interest rates by 75 basis points at this week&#39;s FOMC meeting. Jeffrey, an investment bank, later made similar expectations.</p><p>Steven Englander, head of global foreign exchange research and North American macro strategy of Standard Chartered Bank, made even more surprising remarks. Although his team predicted that the Federal Reserve would still raise interest rates by 50 basis points at its June meeting, he pointed out that the possibility of raising interest rates by 75 basis points or even 100 basis points was not ruled out.</p><p>The panic in the market was thus even stronger. According to CME FedWatch Tool, the probability that the Fed will raise interest rates by 75 basis points on June 15 soared by nearly 100% at one time.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tiger Chart | Federal Reserve's Roadmap for Raising Interest Rates</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\">\nTiger Chart | Federal Reserve's Roadmap for Raising Interest Rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-14 13:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>FED will announce its interest rate resolution on June 15. It is very likely that FED will raise interest rates by 75 basis points in June and July, according to CME FedWatch Tool.</p><p><img src=\"https://static.tigerbbs.com/790b7da6a0833f59fcb2f45bc5c69a1b\" tg-width=\"1500\" tg-height=\"1189\" referrerpolicy=\"no-referrer\"/></p><p>Due to the market&#39;s concern that the Federal Reserve will issue a super hawk signal this week, the three major US stock indexes collectively fell sharply on Monday, June 13. The Dow fell more than 870 points, and the S&amp;P 500 fell into a bear market.</p><p>Last Friday, once the inflation growth rate in May, which reached a 40 year high, was announced, the market&#39;s expectations for the hawkish interest rate hike of the Federal Reserve rose sharply. Barclays became the first investment bank on Wall Street to call for the Federal Reserve to raise interest rates by 75 basis points at this week&#39;s FOMC meeting. Jeffrey, an investment bank, later made similar expectations.</p><p>Steven Englander, head of global foreign exchange research and North American macro strategy of Standard Chartered Bank, made even more surprising remarks. Although his team predicted that the Federal Reserve would still raise interest rates by 50 basis points at its June meeting, he pointed out that the possibility of raising interest rates by 75 basis points or even 100 basis points was not ruled out.</p><p>The panic in the market was thus even stronger. According to CME FedWatch Tool, the probability that the Fed will raise interest rates by 75 basis points on June 15 soared by nearly 100% at one time.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199952964","content_text":"FED will announce its interest rate resolution on June 15. It is very likely that FED will raise interest rates by 75 basis points in June and July, according to CME FedWatch Tool.Due to the market's concern that the Federal Reserve will issue a super hawk signal this week, the three major US stock indexes collectively fell sharply on Monday, June 13. The Dow fell more than 870 points, and the S&P 500 fell into a bear market.Last Friday, once the inflation growth rate in May, which reached a 40 year high, was announced, the market's expectations for the hawkish interest rate hike of the Federal Reserve rose sharply. Barclays became the first investment bank on Wall Street to call for the Federal Reserve to raise interest rates by 75 basis points at this week's FOMC meeting. Jeffrey, an investment bank, later made similar expectations.Steven Englander, head of global foreign exchange research and North American macro strategy of Standard Chartered Bank, made even more surprising remarks. Although his team predicted that the Federal Reserve would still raise interest rates by 50 basis points at its June meeting, he pointed out that the possibility of raising interest rates by 75 basis points or even 100 basis points was not ruled out.The panic in the market was thus even stronger. According to CME FedWatch Tool, the probability that the Fed will raise interest rates by 75 basis points on June 15 soared by nearly 100% at one time.","news_type":1},"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0},"content":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓","text":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓","html":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096317222,"gmtCreate":1644302233061,"gmtModify":1676533910585,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Heartbreak]&nbsp;","listText":"[Heartbreak]&nbsp;","text":"[Heartbreak]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096317222","repostId":"1117021583","repostType":4,"repost":{"id":"1117021583","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644301816,"share":"https://www.laohu8.com/m/news/1117021583?lang=&edition=full","pubTime":"2022-02-08 14:30","market":"us","language":"en","title":"NVIDIA and SoftBank Group Announce Termination of NVIDIA’s Acquisition of Arm Limited","url":"https://stock-news.laohu8.com/highlight/detail?id=1117021583","media":"Tiger Newspress","summary":"NVIDIA and SoftBank Group Corp. (“SBG” or “SoftBank”) today announced the termination of the previou","content":"<html><head></head><body><p>NVIDIA and SoftBank Group Corp. (“SBG” or “SoftBank”) today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (“Arm”) from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will now start preparations for a public offering.</p><p>“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Arm is at the center of the important dynamics in computing. Though we won’t be one company, we will partner closely with Arm. The significant investments that Masa has made have positioned Arm to expand the reach of the Arm CPU beyond client computing to supercomputing, cloud, AI and robotics. I expect Arm to be the most important CPU architecture of the next decade.”</p><p>SBG today also announced that, in coordination with Arm, it will start preparations for a public offering of Arm within the fiscal year ending March 31, 2023. SBG believes Arm’s technology and intellectual property will continue to be at the center of mobile computing and the development of artificial intelligence.</p><p>“Arm is becoming a center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and the metaverse, and has entered its second growth phase,” said Masayoshi Son, Representative Director, Corporate Officer, Chairman &amp; Chief Executive Officer of SoftBank Group Corp. “We will take this opportunity and start preparing to take Arm public, and to make even further progress.”</p><p>Mr. Son continued, “I want to thank Jensen and his talented team at NVIDIA for trying to bring together these two great companies and wish them all the success.”</p><p>NVIDIA and SBG had announced that they had entered into a definitive agreement, under which NVIDIA would acquire Arm from SoftBank, on September 13, 2020. In accordance with the terms of the agreement, SBG* will retain the $1.25 billion prepaid by NVIDIA, which will be recorded as profit in the fourth quarter, and NVIDIA will retain its 20-year Arm license.</p><p>* 24.99% of Arm shares are attributable to SoftBank Vision Fund 1.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NVIDIA and SoftBank Group Announce Termination of NVIDIA’s Acquisition of Arm Limited</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\">\nNVIDIA and SoftBank Group Announce Termination of NVIDIA’s Acquisition of Arm Limited\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-08 14:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>NVIDIA and SoftBank Group Corp. (“SBG” or “SoftBank”) today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (“Arm”) from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will now start preparations for a public offering.</p><p>“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Arm is at the center of the important dynamics in computing. Though we won’t be one company, we will partner closely with Arm. The significant investments that Masa has made have positioned Arm to expand the reach of the Arm CPU beyond client computing to supercomputing, cloud, AI and robotics. I expect Arm to be the most important CPU architecture of the next decade.”</p><p>SBG today also announced that, in coordination with Arm, it will start preparations for a public offering of Arm within the fiscal year ending March 31, 2023. SBG believes Arm’s technology and intellectual property will continue to be at the center of mobile computing and the development of artificial intelligence.</p><p>“Arm is becoming a center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and the metaverse, and has entered its second growth phase,” said Masayoshi Son, Representative Director, Corporate Officer, Chairman &amp; Chief Executive Officer of SoftBank Group Corp. “We will take this opportunity and start preparing to take Arm public, and to make even further progress.”</p><p>Mr. Son continued, “I want to thank Jensen and his talented team at NVIDIA for trying to bring together these two great companies and wish them all the success.”</p><p>NVIDIA and SBG had announced that they had entered into a definitive agreement, under which NVIDIA would acquire Arm from SoftBank, on September 13, 2020. In accordance with the terms of the agreement, SBG* will retain the $1.25 billion prepaid by NVIDIA, which will be recorded as profit in the fourth quarter, and NVIDIA will retain its 20-year Arm license.</p><p>* 24.99% of Arm shares are attributable to SoftBank Vision Fund 1.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","SFTBY":"软银集团"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117021583","content_text":"NVIDIA and SoftBank Group Corp. (“SBG” or “SoftBank”) today announced the termination of the previously announced transaction whereby NVIDIA would acquire Arm Limited (“Arm”) from SBG. The parties agreed to terminate the Agreement because of significant regulatory challenges preventing the consummation of the transaction, despite good faith efforts by the parties. Arm will now start preparations for a public offering.“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” said Jensen Huang, founder and chief executive officer of NVIDIA. “Arm is at the center of the important dynamics in computing. Though we won’t be one company, we will partner closely with Arm. The significant investments that Masa has made have positioned Arm to expand the reach of the Arm CPU beyond client computing to supercomputing, cloud, AI and robotics. I expect Arm to be the most important CPU architecture of the next decade.”SBG today also announced that, in coordination with Arm, it will start preparations for a public offering of Arm within the fiscal year ending March 31, 2023. SBG believes Arm’s technology and intellectual property will continue to be at the center of mobile computing and the development of artificial intelligence.“Arm is becoming a center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and the metaverse, and has entered its second growth phase,” said Masayoshi Son, Representative Director, Corporate Officer, Chairman & Chief Executive Officer of SoftBank Group Corp. “We will take this opportunity and start preparing to take Arm public, and to make even further progress.”Mr. Son continued, “I want to thank Jensen and his talented team at NVIDIA for trying to bring together these two great companies and wish them all the success.”NVIDIA and SBG had announced that they had entered into a definitive agreement, under which NVIDIA would acquire Arm from SoftBank, on September 13, 2020. In accordance with the terms of the agreement, SBG* will retain the $1.25 billion prepaid by NVIDIA, which will be recorded as profit in the fourth quarter, and NVIDIA will retain its 20-year Arm license.* 24.99% of Arm shares are attributable to SoftBank Vision Fund 1.","news_type":1},"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004843084,"gmtCreate":1642560537509,"gmtModify":1676533723295,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004843084","repostId":"2204408493","repostType":4,"repost":{"id":"2204408493","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":1642541163,"share":"https://www.laohu8.com/m/news/2204408493?lang=&edition=full","pubTime":"2022-01-19 05:26","market":"us","language":"en","title":"US STOCKS-Wall St Sinks as Yields Spike, Financials Fall after Goldman Miss","url":"https://stock-news.laohu8.com/highlight/detail?id=2204408493","media":"Reuters","summary":"* Nasdaq ends down 9.7% from Nov 19 record close* Goldman shares tumble as profit hit by weaker trad","content":"<html><head></head><body><p>* Nasdaq ends down 9.7% from Nov 19 record close</p><p>* Goldman shares tumble as profit hit by weaker trading</p><p>* Benchmark U.S. Treasury yields jump to two-year highs</p><p>* Activision soars on $68.7 billion Microsoft deal</p><p>* Indexes down: Dow 1.51%, S&amp;P 1.84%, Nasdaq 2.6%</p><p>By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal</p><p>Jan 18 (Reuters) - Wall Street&#39;s main indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off to start the year as U.S. Treasury yields rose to milestones.</p><p>The Nasdaq dropped most among major indexes on Tuesday and now has fallen about 9.7% from its Nov. 19 record closing high, close to confirming a 10% correction for the first time since early 2021. The tech-heavy index also closed below its 200-day moving average, a key technical support level, for the first time since April 2020.</p><p>Goldman Sachs shares tumbled 7% after the investment bank missed quarterly profit expectations amid weak trading activity. The financials sector   , which has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing groups in 2022, dropped 2.3%.</p><p>“The financials crumbling a little bit under the weight of less-than-impressive earnings quarters is probably the biggest factor today,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “When you have taken out potentially one of the areas that actually was working here, that kind of casts a pall on the market.”</p><p>Benchmark U.S. Treasury yields jumped to two-year highs and two-year yields breached 1% as traders prepared for the Federal Reserve to be more aggressive in tackling unabated inflation.</p><p>The steep ascent in yields to start 2022 has weighed in particular on tech and growth stocks, whose future expected cash flows are discounted more sharply as yields rise.</p><p>“The hot inflation prints have spooked the market that the Fed is going to move and so we are seeing this rise in yields,” said Mona Mahajan, senior investment strategist at Edward Jones.</p><p>&#34;It’s not only the rise in yields but the rapid rise in yields ... that really does cause some indigestion in the market, but particularly in growth, higher valuation, more speculative asset classes,” Mahajan said.</p><p>The Dow Jones Industrial Average    fell 543.34 points, or 1.51%, to 35,368.47, the S&amp;P 500    lost 85.74 points, or 1.84%, to 4,577.11 and the Nasdaq Composite    dropped 386.86 points, or 2.6%, to 14,506.90.</p><p>Of 11 S&amp;P 500 sectors, 10 ended lower, with technology falling the most. Energy   , the top-percentage gainer so far in 2022, was the lone sector in positive territory, rising 0.4%.</p><p>Declines in megacap stocks, including Microsoft   , Apple    and <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>   , weighed heavily on the S&amp;P 500 among individual shares.</p><p>A BofA survey showed that fund managers had cut their overweight positions in tech to their lowest levels since 2008, while another survey by Deutsche Bank found that a majority of respondents believed U.S. technology stocks are in bubble territory.</p><p>Investors are zeroing in on next week&#39;s Fed policy meeting for more clarity on central bankers&#39; next moves to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>In company news, Activision    shares soared nearly 26% after Microsoft    announced a deal to buy the video-game maker for $68.7 billion. Shares of other video game companies rose, with Electronic Arts    up 2.7% and <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a>    up 1%. Microsoft shares fell 2.4%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.52-to-1 ratio; on Nasdaq, a 4.93-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 34 new 52-week highs and nine new lows; the Nasdaq Composite recorded 69 new highs and 611 new lows.</p><p>About 11.9 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Goldman profit hit by weaker trading, rising expenses; shares tumble.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Sinks as Yields Spike, Financials Fall after Goldman Miss</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Sinks as Yields Spike, Financials Fall after Goldman Miss\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\">2022-01-19 05:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Nasdaq ends down 9.7% from Nov 19 record close</p><p>* Goldman shares tumble as profit hit by weaker trading</p><p>* Benchmark U.S. Treasury yields jump to two-year highs</p><p>* Activision soars on $68.7 billion Microsoft deal</p><p>* Indexes down: Dow 1.51%, S&amp;P 1.84%, Nasdaq 2.6%</p><p>By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi Sanyal</p><p>Jan 18 (Reuters) - Wall Street&#39;s main indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off to start the year as U.S. Treasury yields rose to milestones.</p><p>The Nasdaq dropped most among major indexes on Tuesday and now has fallen about 9.7% from its Nov. 19 record closing high, close to confirming a 10% correction for the first time since early 2021. The tech-heavy index also closed below its 200-day moving average, a key technical support level, for the first time since April 2020.</p><p>Goldman Sachs shares tumbled 7% after the investment bank missed quarterly profit expectations amid weak trading activity. The financials sector   , which has been <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the better-performing groups in 2022, dropped 2.3%.</p><p>“The financials crumbling a little bit under the weight of less-than-impressive earnings quarters is probably the biggest factor today,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “When you have taken out potentially one of the areas that actually was working here, that kind of casts a pall on the market.”</p><p>Benchmark U.S. Treasury yields jumped to two-year highs and two-year yields breached 1% as traders prepared for the Federal Reserve to be more aggressive in tackling unabated inflation.</p><p>The steep ascent in yields to start 2022 has weighed in particular on tech and growth stocks, whose future expected cash flows are discounted more sharply as yields rise.</p><p>“The hot inflation prints have spooked the market that the Fed is going to move and so we are seeing this rise in yields,” said Mona Mahajan, senior investment strategist at Edward Jones.</p><p>&#34;It’s not only the rise in yields but the rapid rise in yields ... that really does cause some indigestion in the market, but particularly in growth, higher valuation, more speculative asset classes,” Mahajan said.</p><p>The Dow Jones Industrial Average    fell 543.34 points, or 1.51%, to 35,368.47, the S&amp;P 500    lost 85.74 points, or 1.84%, to 4,577.11 and the Nasdaq Composite    dropped 386.86 points, or 2.6%, to 14,506.90.</p><p>Of 11 S&amp;P 500 sectors, 10 ended lower, with technology falling the most. Energy   , the top-percentage gainer so far in 2022, was the lone sector in positive territory, rising 0.4%.</p><p>Declines in megacap stocks, including Microsoft   , Apple    and <a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>   , weighed heavily on the S&amp;P 500 among individual shares.</p><p>A BofA survey showed that fund managers had cut their overweight positions in tech to their lowest levels since 2008, while another survey by Deutsche Bank found that a majority of respondents believed U.S. technology stocks are in bubble territory.</p><p>Investors are zeroing in on next week&#39;s Fed policy meeting for more clarity on central bankers&#39; next moves to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.</p><p>In company news, Activision    shares soared nearly 26% after Microsoft    announced a deal to buy the video-game maker for $68.7 billion. Shares of other video game companies rose, with Electronic Arts    up 2.7% and <a href=\"https://laohu8.com/S/TTWO\">Take-Two Interactive Software</a>    up 1%. Microsoft shares fell 2.4%.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 5.52-to-1 ratio; on Nasdaq, a 4.93-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 34 new 52-week highs and nine new lows; the Nasdaq Composite recorded 69 new highs and 611 new lows.</p><p>About 11.9 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.</p><p>Goldman profit hit by weaker trading, rising expenses; shares tumble.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4127":"投资银行业与经纪业",".SPX":"S&P 500 Index","BK4550":"红杉资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4504":"桥水持仓","GS":"高盛",".DJI":"道琼斯","BK4552":"Archegos爆仓风波概念",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2204408493","content_text":"* Nasdaq ends down 9.7% from Nov 19 record close* Goldman shares tumble as profit hit by weaker trading* Benchmark U.S. Treasury yields jump to two-year highs* Activision soars on $68.7 billion Microsoft deal* Indexes down: Dow 1.51%, S&P 1.84%, Nasdaq 2.6%By Lewis Krauskopf, Bansari Mayur Kamdar and Shreyashi SanyalJan 18 (Reuters) - Wall Street's main indexes fell sharply on Tuesday as weak results from Goldman Sachs weighed on financial stocks and tech shares continued their sell-off to start the year as U.S. Treasury yields rose to milestones.The Nasdaq dropped most among major indexes on Tuesday and now has fallen about 9.7% from its Nov. 19 record closing high, close to confirming a 10% correction for the first time since early 2021. The tech-heavy index also closed below its 200-day moving average, a key technical support level, for the first time since April 2020.Goldman Sachs shares tumbled 7% after the investment bank missed quarterly profit expectations amid weak trading activity. The financials sector   , which has been one of the better-performing groups in 2022, dropped 2.3%.“The financials crumbling a little bit under the weight of less-than-impressive earnings quarters is probably the biggest factor today,” said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana. “When you have taken out potentially one of the areas that actually was working here, that kind of casts a pall on the market.”Benchmark U.S. Treasury yields jumped to two-year highs and two-year yields breached 1% as traders prepared for the Federal Reserve to be more aggressive in tackling unabated inflation.The steep ascent in yields to start 2022 has weighed in particular on tech and growth stocks, whose future expected cash flows are discounted more sharply as yields rise.“The hot inflation prints have spooked the market that the Fed is going to move and so we are seeing this rise in yields,” said Mona Mahajan, senior investment strategist at Edward Jones.\"It’s not only the rise in yields but the rapid rise in yields ... that really does cause some indigestion in the market, but particularly in growth, higher valuation, more speculative asset classes,” Mahajan said.The Dow Jones Industrial Average    fell 543.34 points, or 1.51%, to 35,368.47, the S&P 500    lost 85.74 points, or 1.84%, to 4,577.11 and the Nasdaq Composite    dropped 386.86 points, or 2.6%, to 14,506.90.Of 11 S&P 500 sectors, 10 ended lower, with technology falling the most. Energy   , the top-percentage gainer so far in 2022, was the lone sector in positive territory, rising 0.4%.Declines in megacap stocks, including Microsoft   , Apple    and Meta Platforms   , weighed heavily on the S&P 500 among individual shares.A BofA survey showed that fund managers had cut their overweight positions in tech to their lowest levels since 2008, while another survey by Deutsche Bank found that a majority of respondents believed U.S. technology stocks are in bubble territory.Investors are zeroing in on next week's Fed policy meeting for more clarity on central bankers' next moves to rein in inflation. Data last week showed U.S. consumer prices increased solidly in December, culminating in the largest annual rise in inflation in nearly four decades.In company news, Activision    shares soared nearly 26% after Microsoft    announced a deal to buy the video-game maker for $68.7 billion. Shares of other video game companies rose, with Electronic Arts    up 2.7% and Take-Two Interactive Software    up 1%. Microsoft shares fell 2.4%.Declining issues outnumbered advancing ones on the NYSE by a 5.52-to-1 ratio; on Nasdaq, a 4.93-to-1 ratio favored decliners.The S&P 500 posted 34 new 52-week highs and nine new lows; the Nasdaq Composite recorded 69 new highs and 611 new lows.About 11.9 billion shares changed hands in U.S. exchanges, compared with the 10 billion daily average over the last 20 sessions.Goldman profit hit by weaker trading, rising expenses; shares tumble.","news_type":1},"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004853251,"gmtCreate":1642559038952,"gmtModify":1676533722869,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004853251","repostId":"1198155567","repostType":2,"repost":{"id":"1198155567","pubTimestamp":1642558714,"share":"https://www.laohu8.com/m/news/1198155567?lang=&edition=full","pubTime":"2022-01-19 10:18","market":"us","language":"en","title":"PLTR Stock Price Predictions: Where Will Palantir Go After Hitting New 52-Week Low?","url":"https://stock-news.laohu8.com/highlight/detail?id=1198155567","media":"InvestorPlace","summary":"A range of retail-friendly stocks are not treating investors in a very friendly manner Tuesday. Among the top mid-cap losers in this category isPalantir(NYSE:PLTR). Today,PLTR stock is down more than ","content":"<html><head></head><body><p>A range of retail-friendly stocks are not treating investors in a very friendly manner Tuesday. Among the top mid-cap losers in this category is <b>Palantir</b>(NYSE:<b><u>PLTR</u></b>). Today, PLTR stock is down more than 5% amid a mass selloff in the markets among high-growth companies.</p><p>Notably, for Palantir, this selloff has actually resulted in the data company hitting a fresh 52-week high today. For investors in PLTR stock, 2021 was a rough year overall. It appears 2022 is shaping up to be a similarly difficult year as well.</p><p>Investors have largely sold off higher-risk growth stocks en masse lately for a number of reasons. First,interest rates have been signaled to be on the rise by the Fed. Bond markets have fully priced in a rate hike in March, sending bond yields to their highest levels since the pandemic. This has driven up mortgage rates, pushing asset values lower and suggesting the party is over in terms of easy money policies.</p><p>In a bid to combat what could be out of control inflation, the Fed is becoming increasingly hawkish. For companies like Palantir that are expected to earn the majority of their cash flows far out into the future, this higher discount rate is not a good thing. Additionally, concerns about the omicron variant and other macroeconomic issues aren’t helping.</p><p>For those interested in where Palantir is headed, let’s dive into some price predictions.</p><p><b>Top Price Targets for PLTR Stock</b></p><p>Here are some of the top analyst price targets for Palantir via<i>TipRanks</i>:</p><ul><li>Brent Thill of <b>Jeffries</b> puts forward a price target of $24 for Palantir, with a buy rating.</li><li><b>William Blair’s</b> Kamil Mielczarek has a sell rating on PLTR stock.</li><li>Phillip Winslow of <b>Credit Suisse</b> has a hold rating on PLTR, along with a $25 price target.</li><li><b>Citigroup’s</b> Tyler Radke has PLTR stock as a sell, with a price target of $18.</li><li>Finally,<b>Morgan Stanley</b> analyst Keith Weiss put a $24 price target on PLTR stock, also with a sell rating.</li></ul></body></html>","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>PLTR Stock Price Predictions: Where Will Palantir Go After Hitting New 52-Week Low?</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\">\nPLTR Stock Price Predictions: Where Will Palantir Go After Hitting New 52-Week Low?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-19 10:18 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/01/pltr-stock-price-predictions-where-will-palantir-go-after-hitting-new-52-week-low/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A range of retail-friendly stocks are not treating investors in a very friendly manner Tuesday. Among the top mid-cap losers in this category is Palantir(NYSE:PLTR). Today, PLTR stock is down more ...</p>\n\n<a href=\"https://investorplace.com/2022/01/pltr-stock-price-predictions-where-will-palantir-go-after-hitting-new-52-week-low/\">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/2022/01/pltr-stock-price-predictions-where-will-palantir-go-after-hitting-new-52-week-low/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198155567","content_text":"A range of retail-friendly stocks are not treating investors in a very friendly manner Tuesday. Among the top mid-cap losers in this category is Palantir(NYSE:PLTR). Today, PLTR stock is down more than 5% amid a mass selloff in the markets among high-growth companies.Notably, for Palantir, this selloff has actually resulted in the data company hitting a fresh 52-week high today. For investors in PLTR stock, 2021 was a rough year overall. It appears 2022 is shaping up to be a similarly difficult year as well.Investors have largely sold off higher-risk growth stocks en masse lately for a number of reasons. First,interest rates have been signaled to be on the rise by the Fed. Bond markets have fully priced in a rate hike in March, sending bond yields to their highest levels since the pandemic. This has driven up mortgage rates, pushing asset values lower and suggesting the party is over in terms of easy money policies.In a bid to combat what could be out of control inflation, the Fed is becoming increasingly hawkish. For companies like Palantir that are expected to earn the majority of their cash flows far out into the future, this higher discount rate is not a good thing. Additionally, concerns about the omicron variant and other macroeconomic issues aren’t helping.For those interested in where Palantir is headed, let’s dive into some price predictions.Top Price Targets for PLTR StockHere are some of the top analyst price targets for Palantir viaTipRanks:Brent Thill of Jeffries puts forward a price target of $24 for Palantir, with a buy rating.William Blair’s Kamil Mielczarek has a sell rating on PLTR stock.Phillip Winslow of Credit Suisse has a hold rating on PLTR, along with a $25 price target.Citigroup’s Tyler Radke has PLTR stock as a sell, with a price target of $18.Finally,Morgan Stanley analyst Keith Weiss put a $24 price target on PLTR stock, also with a sell rating.","news_type":1},"isVote":1,"tweetType":1,"viewCount":541,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002405730,"gmtCreate":1642056196270,"gmtModify":1676533676691,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002405730","repostId":"1120104014","repostType":4,"repost":{"id":"1120104014","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642052234,"share":"https://www.laohu8.com/m/news/1120104014?lang=&edition=full","pubTime":"2022-01-13 13:37","market":"us","language":"en","title":"TSMC Announced Consolidated Revenue of NT$438.19 Billion, Gross Margin for the Fourth Quarter was 52.7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1120104014","media":"Tiger Newspress","summary":"TSMC today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and","content":"<html><head></head><body><p>TSMC today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR unit) for the fourth quarter ended December 31, 2021.</p><p>Year-over-year, fourth quarter revenue increased 21.2% while net income and diluted EPS both increased 16.4%. Compared to third quarter 2021, fourth quarter results represented a 5.7% increase in revenue and a 6.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.</p><p>In US dollars, fourth quarter revenue was $15.74 billion, which increased 24.1% year-over-year and increased 5.8% from the previous quarter.</p><p>Gross margin for the quarter was 52.7%, operating margin was 41.7%, and net profit margin was 37.9%.</p><p>In the fourth quarter, shipments of 5-nanometer accounted for 23% of total wafer revenue; 7-nanometer accounted for 27%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 50% of total wafer revenue.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>TSMC Announced Consolidated Revenue of NT$438.19 Billion, Gross Margin for the Fourth Quarter was 52.7%</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 Announced Consolidated Revenue of NT$438.19 Billion, Gross Margin for the Fourth Quarter was 52.7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-01-13 13:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>TSMC today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR unit) for the fourth quarter ended December 31, 2021.</p><p>Year-over-year, fourth quarter revenue increased 21.2% while net income and diluted EPS both increased 16.4%. Compared to third quarter 2021, fourth quarter results represented a 5.7% increase in revenue and a 6.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.</p><p>In US dollars, fourth quarter revenue was $15.74 billion, which increased 24.1% year-over-year and increased 5.8% from the previous quarter.</p><p>Gross margin for the quarter was 52.7%, operating margin was 41.7%, and net profit margin was 37.9%.</p><p>In the fourth quarter, shipments of 5-nanometer accounted for 23% of total wafer revenue; 7-nanometer accounted for 27%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 50% of total wafer revenue.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120104014","content_text":"TSMC today announced consolidated revenue of NT$438.19 billion, net income of NT$166.23 billion, and diluted earnings per share of NT$6.41 (US$1.15 per ADR unit) for the fourth quarter ended December 31, 2021.Year-over-year, fourth quarter revenue increased 21.2% while net income and diluted EPS both increased 16.4%. Compared to third quarter 2021, fourth quarter results represented a 5.7% increase in revenue and a 6.4% increase in net income. All figures were prepared in accordance with TIFRS on a consolidated basis.In US dollars, fourth quarter revenue was $15.74 billion, which increased 24.1% year-over-year and increased 5.8% from the previous quarter.Gross margin for the quarter was 52.7%, operating margin was 41.7%, and net profit margin was 37.9%.In the fourth quarter, shipments of 5-nanometer accounted for 23% of total wafer revenue; 7-nanometer accounted for 27%. Advanced technologies, defined as 7-nanometer and more advanced technologies, accounted for 50% of total wafer revenue.","news_type":1},"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001563734,"gmtCreate":1641276321999,"gmtModify":1676533592332,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001563734","repostId":"2200657421","repostType":2,"repost":{"id":"2200657421","pubTimestamp":1641267135,"share":"https://www.laohu8.com/m/news/2200657421?lang=&edition=full","pubTime":"2022-01-04 11:32","market":"us","language":"en","title":"Here's an Unstoppable Metaverse Stock That Could Double in 2022","url":"https://stock-news.laohu8.com/highlight/detail?id=2200657421","media":"Motley Fool","summary":"It's arguably the preeminent \"picks-and-shovels\" play for the metaverse.","content":"<html><head></head><body><p>Metaverse mania is sweeping the land. OK, that might be something of a stretch. But it&#39;s definitely true that investors&#39; interest in the metaverse has soared in recent months.</p><p>You can probably thank Mark Zuckerberg. The CEO of <b><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a></b> (NASDAQ:FB), formerly known as Facebook, sparked imaginations by laying out his vision for a virtual world of the future in October.</p><p>While Meta is the most visible player right now in the race to build the metaverse, there are plenty of other companies that stand to win as well. One, in particular, could have especially great prospects. Here&#39;s an unstoppable metaverse stock that could double in 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/09090c7707569356e25602f222e37bdf\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Image source: Getty Images.</span></p><h2>Picks and shovels for the metaverse gold rush</h2><p>I think comparing what&#39;s coming with the metaverse to the gold rush days of the 19th century is appropriate. And it was said back then that the ones making the most money were those who provided picks and shovels to the gold miners rather than the miners themselves.</p><p><b>Unity Software</b> (NYSE:U) arguably deserves to be seen as the preeminent &#34;picks-and-shovels&#34; provider for the metaverse gold rush. There are other companies developing tools to build the metaverse, but none boast the credentials that Unity does.</p><p>CEO John Riccitiello said in the company&#39;s third-quarter conference call that Unity seeks to have between 60% and 80% of metaverse content built using Unity&#39;s software. Is that goal realistic? I think so.</p><p>As of the end of 2020, around 71% of the top 1,000 mobile games were created with Unity&#39;s platform. Many of these same developers are likely to hop aboard the metaverse bandwagon. I suspect most of them will stick with Unity.</p><p>The company&#39;s acquisition of Weta Digital should make Unity even more attractive to metaverse developers. Weta&#39;s technology has been used to create stunning visual effects for blockbuster movies including <i>Avatar</i> and <i>The Lord of the Rings</i> as well as popular TV series such as <i>Game of Thrones</i>. Unity plans to empower artists and creators to use these tools for building metaverse content.</p><h2>What it would take to double</h2><p>It&#39;s going to take several years to get the metaverse anywhere close to fulfilling the ambitious vision that people like Zuckerberg have. But what would it take for Unity stock to double in 2022?</p><p>A booming economy and stock market would certainly help. Investors tend to shun growth stocks such as Unity when they&#39;re worried. When times are good, though, the so-called &#34;risk-on&#34; mentality often serves as a tailwind for these stocks.</p><p>Unity could make a lot of headway to doubling simply by regaining its peak level set in mid-November. The stock would need to jump nearly 44% to get back to its high mark -- almost halfway to the goal.</p><p>The Weta Digital acquisition could also play a key role in Unity&#39;s performance in the new year. Riccitiello thinks that Weta will expand Unity&#39;s total addressable market by more than $10 billion annually. Capturing even a relatively small portion of that market in 2022 would almost certainly drive the stock significantly higher.</p><p>In some ways, Unity&#39;s ability to double depends on other companies. For example, if Meta and/or smaller developers unveil metaverse content that dazzles users, it could serve as a catalyst for Unity. On a similar note, progress in building devices such as haptic gloves that can be used in the metaverse could also boost investors&#39; interest in Unity.</p><h2>No slam dunk</h2><p>To be sure, it&#39;s not a slam dunk that Unity stock will double over the next 12 months. Wall Street doesn&#39;t think it will happen. The consensus price target represents an upside potential of only 19%. That&#39;s not bad, but it&#39;s a far cry from a 100% gain.</p><p>But even if Unity doesn&#39;t double in 2022, I predict the stock will do so within the next three or so years. The metaverse truly presents a huge potential market for the company. I expect Unity will take full advantage of that opportunity.</p></body></html>","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>Here's an Unstoppable Metaverse Stock That Could Double in 2022</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 an Unstoppable Metaverse Stock That Could Double in 2022\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-04 11:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/03/heres-an-unstoppable-metaverse-stock-that-could-do/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Metaverse mania is sweeping the land. OK, that might be something of a stretch. But it's definitely true that investors' interest in the metaverse has soared in recent months.You can probably thank ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/03/heres-an-unstoppable-metaverse-stock-that-could-do/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4503":"景林资产持仓","BK4525":"远程办公概念","U":"Unity Software Inc.","BK4553":"喜马拉雅资本持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4548":"巴美列捷福持仓","BK4508":"社交媒体","BK4524":"宅经济概念","BK4551":"寇图资本持仓","BK4554":"元宇宙及AR概念","BK4534":"瑞士信贷持仓","BK4507":"流媒体概念","BK4077":"互动媒体与服务","BK4527":"明星科技股","BK4023":"应用软件","BK4566":"资本集团","BK4550":"红杉资本持仓"},"source_url":"https://www.fool.com/investing/2022/01/03/heres-an-unstoppable-metaverse-stock-that-could-do/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2200657421","content_text":"Metaverse mania is sweeping the land. OK, that might be something of a stretch. But it's definitely true that investors' interest in the metaverse has soared in recent months.You can probably thank Mark Zuckerberg. The CEO of Meta Platforms (NASDAQ:FB), formerly known as Facebook, sparked imaginations by laying out his vision for a virtual world of the future in October.While Meta is the most visible player right now in the race to build the metaverse, there are plenty of other companies that stand to win as well. One, in particular, could have especially great prospects. Here's an unstoppable metaverse stock that could double in 2022.Image source: Getty Images.Picks and shovels for the metaverse gold rushI think comparing what's coming with the metaverse to the gold rush days of the 19th century is appropriate. And it was said back then that the ones making the most money were those who provided picks and shovels to the gold miners rather than the miners themselves.Unity Software (NYSE:U) arguably deserves to be seen as the preeminent \"picks-and-shovels\" provider for the metaverse gold rush. There are other companies developing tools to build the metaverse, but none boast the credentials that Unity does.CEO John Riccitiello said in the company's third-quarter conference call that Unity seeks to have between 60% and 80% of metaverse content built using Unity's software. Is that goal realistic? I think so.As of the end of 2020, around 71% of the top 1,000 mobile games were created with Unity's platform. Many of these same developers are likely to hop aboard the metaverse bandwagon. I suspect most of them will stick with Unity.The company's acquisition of Weta Digital should make Unity even more attractive to metaverse developers. Weta's technology has been used to create stunning visual effects for blockbuster movies including Avatar and The Lord of the Rings as well as popular TV series such as Game of Thrones. Unity plans to empower artists and creators to use these tools for building metaverse content.What it would take to doubleIt's going to take several years to get the metaverse anywhere close to fulfilling the ambitious vision that people like Zuckerberg have. But what would it take for Unity stock to double in 2022?A booming economy and stock market would certainly help. Investors tend to shun growth stocks such as Unity when they're worried. When times are good, though, the so-called \"risk-on\" mentality often serves as a tailwind for these stocks.Unity could make a lot of headway to doubling simply by regaining its peak level set in mid-November. The stock would need to jump nearly 44% to get back to its high mark -- almost halfway to the goal.The Weta Digital acquisition could also play a key role in Unity's performance in the new year. Riccitiello thinks that Weta will expand Unity's total addressable market by more than $10 billion annually. Capturing even a relatively small portion of that market in 2022 would almost certainly drive the stock significantly higher.In some ways, Unity's ability to double depends on other companies. For example, if Meta and/or smaller developers unveil metaverse content that dazzles users, it could serve as a catalyst for Unity. On a similar note, progress in building devices such as haptic gloves that can be used in the metaverse could also boost investors' interest in Unity.No slam dunkTo be sure, it's not a slam dunk that Unity stock will double over the next 12 months. Wall Street doesn't think it will happen. The consensus price target represents an upside potential of only 19%. That's not bad, but it's a far cry from a 100% gain.But even if Unity doesn't double in 2022, I predict the stock will do so within the next three or so years. The metaverse truly presents a huge potential market for the company. I expect Unity will take full advantage of that opportunity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":885134472,"gmtCreate":1631763715796,"gmtModify":1676530629498,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/885134472","repostId":"2167185235","repostType":4,"repost":{"id":"2167185235","pubTimestamp":1631752106,"share":"https://www.laohu8.com/m/news/2167185235?lang=&edition=full","pubTime":"2021-09-16 08:28","market":"us","language":"en","title":"First all-civilian crew bound for orbit launches aboard SpaceX rocket ship","url":"https://stock-news.laohu8.com/highlight/detail?id=2167185235","media":"The Straits Times","summary":"CAPE CANAVERAL, FLORIDA (REUTERS) - A SpaceX rocket ship blasted off from Florida on Wednesday (Sept","content":"<div>\n<p>CAPE CANAVERAL, FLORIDA (REUTERS) - A SpaceX rocket ship blasted off from Florida on Wednesday (Sept 15) carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to...</p>\n\n<a href=\"http://www.straitstimes.com/world/united-states/spacex-go-for-launch-of-first-all-civilian-crew-bound-for-orbit\">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>First all-civilian crew bound for orbit launches aboard SpaceX rocket ship</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\">\nFirst all-civilian crew bound for orbit launches aboard SpaceX rocket ship\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-16 08:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://www.straitstimes.com/world/united-states/spacex-go-for-launch-of-first-all-civilian-crew-bound-for-orbit><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CAPE CANAVERAL, FLORIDA (REUTERS) - A SpaceX rocket ship blasted off from Florida on Wednesday (Sept 15) carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to...</p>\n\n<a href=\"http://www.straitstimes.com/world/united-states/spacex-go-for-launch-of-first-all-civilian-crew-bound-for-orbit\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPCE":"维珍银河"},"source_url":"http://www.straitstimes.com/world/united-states/spacex-go-for-launch-of-first-all-civilian-crew-bound-for-orbit","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167185235","content_text":"CAPE CANAVERAL, FLORIDA (REUTERS) - A SpaceX rocket ship blasted off from Florida on Wednesday (Sept 15) carrying a billionaire e-commerce executive and three less-wealthy private citizens he chose to join him in the first all-civilian crew ever launched on a flight to Earth orbit.\nThe quartet of amateur space travellers, led by the American founder and chief executive of e-commerce firm Shift4 Payments Inc Jared Isaacman, lifted off at 8.03pm EDT (0003 GMT Thursday) from the Kennedy Space Centre in Cape Canaveral.\nA SpaceX webcast of the launch showed Isaacman, 38, and his crewmates – Sian Proctor, 51, Hayley Arceneaux, 29, and Chris Sembroski, 42 – strapped into the pressurised cabin of their gleaming white SpaceX Crew Dragon capsule, dubbed Resilience, wearing their helmeted black-and-white flight suits.\nThe capsule roared into the Florida sky perched atop one of the company’s reusable two-stage Falcon 9 rockets and fitted with a special observation dome in place of its usual docking hatch.\nThe flight, the first crewed mission headed to orbit with no professional astronauts along for the ride, is expected to last about three days from launch to splashdown in the Atlantic, mission officials said.\nIt marked the debut flight of SpaceX owner Elon Musk’s new orbital tourism business, and a leap ahead of competitors likewise offering rides on rocket ships to customers willing to pay a small fortune for the exhilaration – and bragging rights - of spaceflight.\nIsaacman has paid an undisclosed sum to fellow billionaire Musk to send himself and his three crewmates aloft. Time magazine has put the ticket price for all four seats at US$200 million (S$268 million).\nThe mission, called Inspiration4, was conceived by Isaacman mainly to raise awareness and support for one of his favorite causes, St. Jude Children's Research Hospital, a leading pediatric cancer center in Memphis, Tennessee.\nInspiration4 is aiming for an orbital altitude of 360 miles (575 km) above Earth, higher than the International Space Station or Hubble Space Telescope. At that height, the Crew Dragon will circle the globe once every 90 minutes at a speed of some 27,360 kph, or roughly 22 times the speed of sound.\nRival companies Virgin Galactic and Blue Origin inaugurated their own private-astronaut services this summer, with their respective founding executives, billionaires Richard Branson and Jeff Bezos, each going along for the ride.\nThose suborbital flights, lasting a matter of minutes, were short hops compared with Inspiration4's spaceflight profile.\nSpaceX already ranks as the most well-established player in the burgeoning constellation of commercial rocket ventures, having launched numerous cargo payloads and astronauts to the International Space Station for NASA. Two of its Dragon capsules are docked there already.\nThe Inspiration4 crew will have no part to play in flying the spacecraft, which will be operated by ground-based flight teams and onboard guidance systems, even though two crew members are licensed pilots.\n\nA SpaceX Falcon 9 with the Crew Dragon capsule is seen before launch at the Kennedy Space Center in Cape Canaveral, Florida, on Sept 15, 2021. PHOTO: REUTERS\nIsaacman, who is rated to fly commercial and military jets, has assumed the role of mission \"commander,\" while Proctor, a geoscientist and former NASA astronaut candidate, has been designated as the mission \"pilot.\" Rounding out the crew are \"chief medical officer\" Arceneaux, a bone cancer survivor turned St. Jude physician assistant, and mission \"specialist\" Sembroski, a US Air Force veteran and aerospace data engineer.\nThe four crewmates have spent five months in rigorous preparations, including altitude fitness, centrifuge (G-force), microgravity and simulator training, emergency drills, classroom work and medical exams.\nInspiration4 officials have said the mission is more than a joyride.\nOnce in orbit, the crew will perform a series of medical experiments with \"potential applications for human health on Earth and during future spaceflights,\" the group said in media materials.\nBiomedical data and biological samples, including ultrasound scans, will also be collected from crew members before, during and after the flight.\n\"The crew of Inspiration4 is eager to use our mission to help make a better future for those who will launch in the years and decades to come,\" Isaacman said in a statement.","news_type":1},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":882683143,"gmtCreate":1631684620282,"gmtModify":1676530608502,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/882683143","repostId":"2167550157","repostType":4,"repost":{"id":"2167550157","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":1631677800,"share":"https://www.laohu8.com/m/news/2167550157?lang=&edition=full","pubTime":"2021-09-15 11:50","market":"us","language":"en","title":"Stock-market traders brace for 'quadruple witching'","url":"https://stock-news.laohu8.com/highlight/detail?id=2167550157","media":"Dow Jones","summary":"Options expirations blamed by some analysts for bouts of midmonth volatility in 2021.\nThe stock mark","content":"<p>Options expirations blamed by some analysts for bouts of midmonth volatility in 2021.</p>\n<p>The stock market is repeating a pattern of midmonth stumbles some analysts tie to options expiration. That dynamic could be amplified this week ahead of \"quadruple witching,\" the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures.</p>\n<p>Options are financial instruments that give the holder the right but not the obligation to buy, in the case of a call option, or sell, in the case of a put option, the underlying asset at a set price by a certain time.</p>\n<p>\"Almost like clockwork, over the past six months the S&amp;P 500 has fallen in the week leading into OpEx, so the risk is we see this flow repeat and come into play this week, which could mean weakness into Friday's expiry -- although perhaps it's all too obvious now,\" said Chris Weston, head of research at Pepperstone, in a Monday note. OpEx is trader slang for options expiration.</p>\n<p>One popular explanation of the dynamic requires briefly translating some options lingo: Delta measures how much an options price is expected to change for ever $1 move in the price of the underlying asset. Gamma measures the speed of the change in an options delta.</p>\n<p>The Friday expiration \"should get some focus because the talk is market makers are long gamma, and this has had the effect of reducing volatility,\" Weston wrote. Effectively, market makers who have sold options are taking positions in the underlying stocks or other instruments to hedge their market exposure.</p>\n<p>\"When this gamma rolls off the market, it typically means the index is free to move as it should, as market makers have less position risk to hedge,\" Weston said.</p>\n<p>Bloomberg previously noted bouts of market weakness ahead of the expiration of monthly stock options, which occurs on the third Friday of the contract month. The report observed that some analysts had tied bouts of weakness across equity markets in the days ahead of the monthly options expirations in February, April, June, July and August.</p>\n<p>Heading into Friday's quadruple witching -- a convergence that occurs once every quarter and is typically associated with the potential for increased volatility and high trading volume -- stocks were stumbling again. The S&amp;P 500 fell 0.6% on Tuesday, leaving the large-cap benchmark down nearly 2% in the month to date. The S&amp;P 500 has fallen in six of the last seven sessions, while the Dow Jones Industrial Average has declined in nine of the past 11 sessions.</p>\n<p>Quadruple witching can make for choppy trading because \"so many things are coming off at once, and firms unwinding positions versus each other and versus their stocks,\" said J.J. Kinahan, chief market strategist at TD Ameritrade, in a phone interview.</p>\n<p>That activity, combined with a lack of fresh trading catalysts, could continue to make for choppy price action in coming sessions, he said.</p>\n<p>While there was some immediate reaction to a softer-than-expected inflation report Tuesday, the data didn't significantly change market expectations. A meeting of Federal Reserve policy makers also appears unlikely to alter the status quo, and while a smattering of companies are offering up results, the market is effectively in an earnings lull before third-quarter reporting season gets under way next month, he said.</p>\n<p>Kinahan, however, was less convinced that monthly options expirations has been a significant market driver in recent months. While the quarterly quadruple witching event is notable, the popularity of weekly options may have dulled the impact of monthly expirations somewhat, he said.</p>\n<p>The Cboe Volatility Index , a measure of expected volatility in the S&amp;P 500 over the coming 30 days, has struggled to break above its long-term average near 20. But the gauge can likely stay in a range between 16 and 20 for some time, Kinahan said.</p>\n<p>\"Back-and-forth choppiness won't end fully until we have a clearer picture on what the Fed is doing in terms of timing\" when it comes to scaling back its stimulus efforts, he said.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock-market traders brace for 'quadruple witching'</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\">\nStock-market traders brace for 'quadruple witching'\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\">2021-09-15 11:50</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Options expirations blamed by some analysts for bouts of midmonth volatility in 2021.</p>\n<p>The stock market is repeating a pattern of midmonth stumbles some analysts tie to options expiration. That dynamic could be amplified this week ahead of \"quadruple witching,\" the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures.</p>\n<p>Options are financial instruments that give the holder the right but not the obligation to buy, in the case of a call option, or sell, in the case of a put option, the underlying asset at a set price by a certain time.</p>\n<p>\"Almost like clockwork, over the past six months the S&amp;P 500 has fallen in the week leading into OpEx, so the risk is we see this flow repeat and come into play this week, which could mean weakness into Friday's expiry -- although perhaps it's all too obvious now,\" said Chris Weston, head of research at Pepperstone, in a Monday note. OpEx is trader slang for options expiration.</p>\n<p>One popular explanation of the dynamic requires briefly translating some options lingo: Delta measures how much an options price is expected to change for ever $1 move in the price of the underlying asset. Gamma measures the speed of the change in an options delta.</p>\n<p>The Friday expiration \"should get some focus because the talk is market makers are long gamma, and this has had the effect of reducing volatility,\" Weston wrote. Effectively, market makers who have sold options are taking positions in the underlying stocks or other instruments to hedge their market exposure.</p>\n<p>\"When this gamma rolls off the market, it typically means the index is free to move as it should, as market makers have less position risk to hedge,\" Weston said.</p>\n<p>Bloomberg previously noted bouts of market weakness ahead of the expiration of monthly stock options, which occurs on the third Friday of the contract month. The report observed that some analysts had tied bouts of weakness across equity markets in the days ahead of the monthly options expirations in February, April, June, July and August.</p>\n<p>Heading into Friday's quadruple witching -- a convergence that occurs once every quarter and is typically associated with the potential for increased volatility and high trading volume -- stocks were stumbling again. The S&amp;P 500 fell 0.6% on Tuesday, leaving the large-cap benchmark down nearly 2% in the month to date. The S&amp;P 500 has fallen in six of the last seven sessions, while the Dow Jones Industrial Average has declined in nine of the past 11 sessions.</p>\n<p>Quadruple witching can make for choppy trading because \"so many things are coming off at once, and firms unwinding positions versus each other and versus their stocks,\" said J.J. Kinahan, chief market strategist at TD Ameritrade, in a phone interview.</p>\n<p>That activity, combined with a lack of fresh trading catalysts, could continue to make for choppy price action in coming sessions, he said.</p>\n<p>While there was some immediate reaction to a softer-than-expected inflation report Tuesday, the data didn't significantly change market expectations. A meeting of Federal Reserve policy makers also appears unlikely to alter the status quo, and while a smattering of companies are offering up results, the market is effectively in an earnings lull before third-quarter reporting season gets under way next month, he said.</p>\n<p>Kinahan, however, was less convinced that monthly options expirations has been a significant market driver in recent months. While the quarterly quadruple witching event is notable, the popularity of weekly options may have dulled the impact of monthly expirations somewhat, he said.</p>\n<p>The Cboe Volatility Index , a measure of expected volatility in the S&amp;P 500 over the coming 30 days, has struggled to break above its long-term average near 20. But the gauge can likely stay in a range between 16 and 20 for some time, Kinahan said.</p>\n<p>\"Back-and-forth choppiness won't end fully until we have a clearer picture on what the Fed is doing in terms of timing\" when it comes to scaling back its stimulus efforts, he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500ETF","IVV":"标普500指数ETF","OEF":"标普100指数ETF-iShares",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF","OEX":"标普100","SH":"标普500反向ETF"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2167550157","content_text":"Options expirations blamed by some analysts for bouts of midmonth volatility in 2021.\nThe stock market is repeating a pattern of midmonth stumbles some analysts tie to options expiration. That dynamic could be amplified this week ahead of \"quadruple witching,\" the simultaneous expiration Friday of individual stock options, stock-index options, stock-index futures and single-stock futures.\nOptions are financial instruments that give the holder the right but not the obligation to buy, in the case of a call option, or sell, in the case of a put option, the underlying asset at a set price by a certain time.\n\"Almost like clockwork, over the past six months the S&P 500 has fallen in the week leading into OpEx, so the risk is we see this flow repeat and come into play this week, which could mean weakness into Friday's expiry -- although perhaps it's all too obvious now,\" said Chris Weston, head of research at Pepperstone, in a Monday note. OpEx is trader slang for options expiration.\nOne popular explanation of the dynamic requires briefly translating some options lingo: Delta measures how much an options price is expected to change for ever $1 move in the price of the underlying asset. Gamma measures the speed of the change in an options delta.\nThe Friday expiration \"should get some focus because the talk is market makers are long gamma, and this has had the effect of reducing volatility,\" Weston wrote. Effectively, market makers who have sold options are taking positions in the underlying stocks or other instruments to hedge their market exposure.\n\"When this gamma rolls off the market, it typically means the index is free to move as it should, as market makers have less position risk to hedge,\" Weston said.\nBloomberg previously noted bouts of market weakness ahead of the expiration of monthly stock options, which occurs on the third Friday of the contract month. The report observed that some analysts had tied bouts of weakness across equity markets in the days ahead of the monthly options expirations in February, April, June, July and August.\nHeading into Friday's quadruple witching -- a convergence that occurs once every quarter and is typically associated with the potential for increased volatility and high trading volume -- stocks were stumbling again. The S&P 500 fell 0.6% on Tuesday, leaving the large-cap benchmark down nearly 2% in the month to date. The S&P 500 has fallen in six of the last seven sessions, while the Dow Jones Industrial Average has declined in nine of the past 11 sessions.\nQuadruple witching can make for choppy trading because \"so many things are coming off at once, and firms unwinding positions versus each other and versus their stocks,\" said J.J. Kinahan, chief market strategist at TD Ameritrade, in a phone interview.\nThat activity, combined with a lack of fresh trading catalysts, could continue to make for choppy price action in coming sessions, he said.\nWhile there was some immediate reaction to a softer-than-expected inflation report Tuesday, the data didn't significantly change market expectations. A meeting of Federal Reserve policy makers also appears unlikely to alter the status quo, and while a smattering of companies are offering up results, the market is effectively in an earnings lull before third-quarter reporting season gets under way next month, he said.\nKinahan, however, was less convinced that monthly options expirations has been a significant market driver in recent months. While the quarterly quadruple witching event is notable, the popularity of weekly options may have dulled the impact of monthly expirations somewhat, he said.\nThe Cboe Volatility Index , a measure of expected volatility in the S&P 500 over the coming 30 days, has struggled to break above its long-term average near 20. But the gauge can likely stay in a range between 16 and 20 for some time, Kinahan said.\n\"Back-and-forth choppiness won't end fully until we have a clearer picture on what the Fed is doing in terms of timing\" when it comes to scaling back its stimulus efforts, he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886498689,"gmtCreate":1631612720241,"gmtModify":1676530589839,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/886498689","repostId":"1160275332","repostType":4,"repost":{"id":"1160275332","pubTimestamp":1631604098,"share":"https://www.laohu8.com/m/news/1160275332?lang=&edition=full","pubTime":"2021-09-14 15:21","market":"us","language":"en","title":"Busy IPO market this week poised to make 2021 the biggest year ever by proceeds","url":"https://stock-news.laohu8.com/highlight/detail?id=1160275332","media":"MarketWatch","summary":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit th","content":"<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week </p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/18111af5f5bda21b3128860fe616c5ca\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Swiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.</span></p>\n<p></p>\n<p></p>\n<p>After a flurry of initial-public-offering launches last week&nbsp;set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. </p>\n<p></p>\n<p>If all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. </p>\n<p></p>\n<p>“After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. </p>\n<p></p>\n<p>The biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.</p>\n<p>The company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.</p>\n<p></p>\n<p>The deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.</p>\n<p>The Swiss athletic-footwear maker On Holding&nbsp;is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”</p>\n<p></p>\n<p>Goldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.</p>\n<p></p>\n<p>The company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period,&nbsp;according to its IPO documents.&nbsp;Sales came to 315.5 million francs, up from 170.9 million francs.</p>\n<p></p>\n<p>Also from Switzerland, sports betting site Sportrader Group AG&nbsp;plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.</p>\n<p></p>\n<p>Proceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million,&nbsp;according to its filing documents.</p>\n<p></p>\n<p>Dutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.</p>\n<p></p>\n<p>BofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”</p>\n<p>Proceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.</p>\n<p></p>\n<p><b>Rounding out the list are:</b></p>\n<p>•&nbsp;Definitive Healthcare Corp.,&nbsp;a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.</p>\n<p>•&nbsp;Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.</p>\n<p>•&nbsp;ForgeRock<a href=\"https://www.marketwatch.com/investing/stock/FORG?mod=MW_story_quote&amp;mod=article_inline\" target=\"_blank\">,</a>&nbsp;a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.</p>\n<p>The stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.</p>\n<p><b>•</b>Dice Therapeutics&nbsp;is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.</p>\n<p><b>•</b>Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.</p>\n<p>“We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.</p>\n<p><b>•</b>Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”</p>\n<p><b>•</b>EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.</p>\n<p>The Renaissance IPO ETF&nbsp;has gained 6% to date in 2021, while the S&amp;P 500&nbsp;has advanced 19%.</p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></p>\n<p></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>Busy IPO market this week poised to make 2021 the biggest year ever by proceeds</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\">\nBusy IPO market this week poised to make 2021 the biggest year ever by proceeds\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-14 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week \nSwiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.\n...</p>\n\n<a href=\"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?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":{"PRCT":"PROCEPT BioRobotics","TYRA":"Tyra Biosciences, Inc.",".SPX":"S&P 500 Index","BROS":"Dutch Bros Inc.","DH":"Definitive Healthcare Corp.",".IXIC":"NASDAQ Composite","TWKS":"Thoughtworks Holding Inc.","SRAD":"Sportradar Group AG","DRNA":"Dicerna Pharmaceuticals, Inc.","ONON":"On Holding AG",".DJI":"道琼斯","FORG":"ForgeRock, Inc."},"source_url":"https://www.marketwatch.com/story/busy-ipo-market-this-week-may-make-2021-the-biggest-year-for-proceeds-and-break-previous-record-by-30-11631554372?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160275332","content_text":"Swiss running-shoe company backed by Roger Federer and drive-through coffee chain expected to hit the market this week \nSwiss tennis giant Roger Federer is a backer of one of this week's bigger IPOs.\n\n\nAfter a flurry of initial-public-offering launches last week set the market up for a busy fall for deals, 11 are expected to price this week and raise more than $3 billion in proceeds. \n\nIf all deals materialize, it will make 2021 the biggest year for IPO proceeds ever, and shatter the previous record by about 30%, according to Bill Smith, founder and chief executive of Renaissance Capital, a provider of institutional research and exchange-traded funds oriented around IPOs. The market is expected to see some 375 deals for the year, raising $125 billion, according to Renaissance, beating the $97 billion raised in 2000 during the dot-com boom. \n\n“After the long summer break, this week is a litmus test for upcoming tech, biotech, and consumer IPOs,” Smith wrote in a market commentary. The list includes a Swiss running-shoe company backed by tennis giant Roger Federer, a drive-through coffee kiosk operator and a mortgage insurer that was spun out of insurer Genworth Financial. \n\nThe biggest deal of the week is expected to come from Thoughtworks,a Chicago-based technology consultancy that will go public at a valuation of up to $6.1 billion.\nThe company, which expects to change its name from Turing Holding Corp. to Thoughtworks with completion of the IPO, said a total of 36.84 million shares will be offered, split between the company and selling shareholders.\n\nThe deal is expected to price at between $18 and $20 a share, and the stock will trade on the Nasdaq under the ticker symbol “TWKS.” Goldman Sachs and JPMorgan are the lead underwriters. The company recorded net income of $79.3 million on revenue of $803.4 million in 2020, after income of $28.4 million on revenue of $772.2 million in 2019.\nThe Swiss athletic-footwear maker On Holding is expected to raise up to $622 million at a valuation of almost $6 billion. On has applied to list 31.1 million shares priced at $18 to $20 each on the New York Stock Exchange, under the ticker symbol “ONON.”\n\nGoldman Sachs, Morgan Stanley and Morgan Stanley are lead underwriters in a syndicate of nine banks on the On deal. Proceeds are to be used for general corporate purposes. The company has a line that it co-developed with Federer.\n\nThe company had net income of 3.8 million Swiss francs ($4.1 million) in the six months through June 30, after a loss of 33.1 million francs in the year-earlier period, according to its IPO documents. Sales came to 315.5 million francs, up from 170.9 million francs.\n\nAlso from Switzerland, sports betting site Sportrader Group AG plans to offer 19 million shares priced at $25 to $28 each, for a valuation of up to $31 billion. The company has applied to list on Nasdaq under the ticker symbol “SRAD.” JPMorgan, Morgan Stanley, Citigroup and UBS are lead underwriters in a syndicate of 13 banks working on the deal.\n\nProceeds are to be used for working capital and to spur growth. The company had a net profit of $29.9 million in the first six months of the year, on revenue of $321 million, according to its filing documents.\n\nDutch Bros Inc.,an operator of drive-through shops that serve hot and cold drinks mostly in western U.S. states, is planning to offer 21.1 million shares priced at $18 to $20 each in its IPO, valuing the company at up to $3.3 billion.\n\nBofA Securities, JPMorgan and Jefferies are lead underwriters in a syndicate of 13 banks working on the deal. The company has applied to list on the New York Stock Exchange under the ticker symbol “BROS.”\nProceeds are to be used to purchase additional Class A shares — the company is planning to have four classes of stock with differing voting rights. The company had a net loss of $13.6 million, or 32 cents a share, in the first six months of the year, narrower than the loss of $16.5 million, or 38 cents a share, posted in the year-earlier period. Revenue fell to $227.9 million from $327.4 million.\n\nRounding out the list are:\n• Definitive Healthcare Corp., a Massachusetts-based provider of healthcare commercial intelligence, is planning to offer 15.56 million shares in its PO, which is expected to price between $21 and $24 a share. At that pricing, the company could be valued at up to $3.55 billion.\n• Enact Holdings Inc., a mortgage insurer owned by Genworth, is planning to offer 13.3 million shares priced at $19 to $20 each. The company would be valued at $3.3 billion at the top of that range. The company said all shares will be sold by Genworth and it will not receive any proceeds. It has applied to list on Nasdaq under the ticker “ACT.” Goldman Sachs and JPMorgan are lead underwriters in a team of nine banks working on the deal.\n• ForgeRock, a California-based identity security platform, is looking to raise up to $264 million with an offering of 11 million shares priced between $21 and $24 a share. That pricing would value the company a valuation of up to $1.91 billion.\nThe stock is expected to list on the NYSE under the ticker symbol “FORG.” Morgan Stanley and JPMorgan are the lead underwriters. The company recorded a net loss of $41.8 million on revenue of $127.6 million in 2020, after a loss of $36.9 million on revenue of $104.5 million in 2019.\n•Dice Therapeutics is expected to raise up to $170 million at a valuation of up to $583 million and list on Nasdaq under the ticker symbol “DICE.” The biotech is developing therapies to treat chronic diseases in the field of immunology.\n•Surgical robotics developer Procept BioRobotics,is aiming to raise up to $132 million at a valuation of about $1 billion with plans to list on Nasdaq under the ticker symbol “PRCT.” BofA Securities and Goldman Sachs are lead underwriters.\n“We develop, manufacture and sell the AquaBeam Robotic System, an advanced, image-guided, surgical robotic system for use in minimally invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia, or BPH,” the company says in its IPO documents.\n•Tyra Biosciences is aiming to raise $107.2 million in IPO proceeds at a valuation of $589 million. The biotech’s leading product candidate is a treatment for bladder cancer. It has applied to list on Nasdaq under the symbol “TYRA.”\n•EzFill Holdings, an app-based mobile fueling company in South Florida, is planning to raise $25 million at a valuation of $100 million. The company has applied to list on Nasdaq under the ticker symbol “EZFL.” ThinkEquity is sole underwriter.\nThe Renaissance IPO ETF has gained 6% to date in 2021, while the S&P 500 has advanced 19%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888953402,"gmtCreate":1631425496706,"gmtModify":1676530546665,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/888953402","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","pubTimestamp":1631406130,"share":"https://www.laohu8.com/m/news/1189654544?lang=&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p>\n<p>Tech consultancy&nbsp;<b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p>\n<p>Swiss running shoe brand&nbsp;<b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p>\n<p>After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p>\n<p>Drive-thru coffee chain&nbsp;<b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p>\n<p>Healthcare intelligence platform&nbsp;<b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p>\n<p>Identity management platform&nbsp;<b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p>\n<p>Immunology biotech&nbsp;<b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p>\n<p>Surgical robotics developer&nbsp;<b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p>\n<p>Oncology biotech&nbsp;<b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p>\n<p>Micro-cap gas delivery service&nbsp;<b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p>\n<p><img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&amp;P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BROS":"Dutch Bros Inc.","TYRA":"Tyra Biosciences, Inc.","DH":"Definitive Healthcare Corp.",".DJI":"道琼斯","SRAD":"Sportradar Group AG",".IXIC":"NASDAQ Composite","PRCT":"PROCEPT BioRobotics","TWKS":"Thoughtworks Holding Inc.","DICE":"DICE Therapeutics, Inc.",".SPX":"S&P 500 Index","ONON":"On Holding AG","EZFL":"EzFill Holdings Inc","FORG":"ForgeRock, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":889887913,"gmtCreate":1631140329832,"gmtModify":1676530475684,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/889887913","repostId":"1180788041","repostType":4,"repost":{"id":"1180788041","pubTimestamp":1631062558,"share":"https://www.laohu8.com/m/news/1180788041?lang=&edition=full","pubTime":"2021-09-08 08:55","market":"us","language":"en","title":"Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire","url":"https://stock-news.laohu8.com/highlight/detail?id=1180788041","media":"CNN Business","summary":"New York  - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.Last year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation exchange-traded fund. It surged nearly 150% in 2020","content":"<p><b>New York (CNN Business)&nbsp;-&nbsp;</b>At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.</p>\n<p>It's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.</p>\n<p>Last year, Wood's strategy paid huge dividends for investors in her flagship&nbsp;Ark Innovation(ARKK)&nbsp;exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/120f0d157792edd784c8787a1c05e955\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Cathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.</span></p>\n<p>But this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.</p>\n<p>Wood wasn't available to comment for this story, but she doubled down in&nbsp;an interview with CNBC&nbsp;in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.</p>\n<p>\"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"</p>\n<p><b>How Wood developed her strategy</b></p>\n<p>Wood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.</p>\n<p>She worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.</p>\n<p>But then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.</p>\n<p>\"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she&nbsp;told Forbes&nbsp;in a 2014 interview.</p>\n<p>That focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.</p>\n<p>In the most prominent example, Wood remains an unabashed fan of&nbsp;Tesla(TSLA)&nbsp;and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's&nbsp;Autonomous Technology &amp; Robotics(ARKQ)&nbsp;and&nbsp;Next Generation Internet(ARKW)&nbsp;ETFs.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/425dc1ea59eb1c068eaba7a392e6c04d\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Wood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.</span></p>\n<p>Wood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.</p>\n<p>\"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"</p>\n<p>Ark's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an&nbsp;interview with Bloomberg Radio&nbsp;in August. She raved about Tesla's plans to&nbsp;build a humanoid robot, for example.</p>\n<p>\"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.</p>\n<p><b>Growth at all costs</b></p>\n<p>Wood recognizes her growth-at-all-costs way of investing is not for everyone.</p>\n<p>Tesla has lagged the broader market this year. Shares of&nbsp;Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.</p>\n<p>\"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said&nbsp;during a webcast&nbsp;hosted by Cboe Global Markets in March.</p>\n<p>Wood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.</p>\n<p>\"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"</p>\n<p>A colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.</p>\n<p>\"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\"&nbsp;Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told&nbsp;CNN Business in March.</p>\n<p><b>Wood's critics</b></p>\n<p>But a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.</p>\n<p>Some tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.</p>\n<p>Many of those tech funds imploded following the 2000 bubble. The<i>Wall Street Journal</i>wrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010&nbsp;with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"</p>\n<p>Is Wood destined for similar ignominy?</p>\n<p>Rivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in&nbsp;Roku(ROKU),Coinbase,Zoom(ZM)&nbsp;and&nbsp;Square(SQ).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c02cbbe0138a0aaa5b930521275ad26e\" tg-width=\"1100\" tg-height=\"619\" width=\"100%\" height=\"auto\"><span>Roku is another example of a high-risk/high-reward stock that Wood loves.</span></p>\n<p>\"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.</p>\n<p>The top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF&nbsp;account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.</p>\n<p>For the time being, Wood is having the last laugh.</p>\n<p>Yes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&amp;P 500.</p>\n<p>As long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street's hottest investor is betting big on a handful of stocks. Critics say she's playing with fire\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 08:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy ...</p>\n\n<a href=\"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","TSLA":"特斯拉","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF"},"source_url":"https://edition.cnn.com/2021/09/07/investing/cathie-wood-risk-takers/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180788041","content_text":"New York (CNN Business) - At a time when many investors are content to follow the crowd and buy top techs like Apple, Amazon and Microsoft, Cathie Wood is looking for the next big innovators in buzzy fields like robotics, fintech and space exploration.\nIt's a high-flying, high-risk, high-reward tier of investing. And it's put Wood's fans on a white-knuckle ride in 2021.\nLast year, Wood's strategy paid huge dividends for investors in her flagship Ark Innovation(ARKK) exchange-traded fund. It surged nearly 150% in 2020 and helped turn her into a Wall Street superstar — sort of the Warren Buffett of momentum investing.\nCathie Wood, CEO of Ark Investment Management, has become the face of the growth stock movement on Wall Street.\nBut this year hasn't been nearly as kind to Wood as the last. The Innovation ETF was down 2.5% through late August, despite a red-hot market for tech with the Nasdaq up more than 18% so far in 2021.\nWood wasn't available to comment for this story, but she doubled down in an interview with CNBC in August. She's not worried that the Ark strategy of looking for new tech leaders will end badly, and she maintains that this current rally will not be a repeat of the epic 2000 dot-com implosion.\n\"I don't think we're in a bubble, which is what I think many bears think we are,\" Wood told CNBC. \"We have nothing like that right now. In fact, you see a lot of IPOs or SPACs coming out and falling to Earth. We couldn't be further away from a bubble.\"\nHow Wood developed her strategy\nWood speaks from experience. She's no millennial or Gen Z investor for whom the 2000 tech implosion is merely a war story told by older traders. The 65-year-old Wood lived through the last major tech crash, as well as the infamous Black Monday of 1987.\nShe worked for Prudential-owned money manager Jennison Associates for 18 years in the 1980s and 1990s and then spent a dozen years at AllianceBernstein before leaving in 2013.\nBut then, AllianceBernstein passed on her idea to launch a suite of actively managed exchange-traded funds. So she struck out on her own and started Ark in 2014.\n\"I have been watching disruptive innovation for my entire career — why don't I help my own sector along?\" she told Forbes in a 2014 interview.\nThat focus on disruption means Wood ties her ETF's fortunes to visionary but mercurial leaders.\nIn the most prominent example, Wood remains an unabashed fan of Tesla(TSLA) and CEO Elon Musk. The EV maker is the top stock, by far, in Ark's Innovation ETF, accounting for more than 10% of the fund's holdings. It's also the biggest position in Ark's Autonomous Technology & Robotics(ARKQ) and Next Generation Internet(ARKW) ETFs.\nWood is a vocal fan of Tesla, which is a top holding in several of Ark's funds.\nWood is also OK with companies like Tesla issuing more stock to raise money to fund futuristic projects like autonomous vehicles. Some investors are wary of that strategy because the new shares lower the value of existing investors' holdings, but she thinks that's a short-sighted argument, particularly from Tesla bears.\n\"We're not afraid of dilution ... if we think they're doing it for the right reason,\" she told CNBC. \"We wanted them to scale as quickly as possible because we think if we're right on autonomous ...Tesla could get the lion's share of that market, certainly in the United States.\"\nArk's big investment in Tesla is a bet on Musk continuing to innovate beyond the business of electric cars, Wood explained in an interview with Bloomberg Radio in August. She raved about Tesla's plans to build a humanoid robot, for example.\n\"Every passing day, especially the more we learn about their AI expertise and how they're really driving the space ... we believe they have the pole position,\" she said, noting that Ark analysts were \"blown away\" by Musk's presentation.\nGrowth at all costs\nWood recognizes her growth-at-all-costs way of investing is not for everyone.\nTesla has lagged the broader market this year. Shares of Teladoc(TDOC), a telehealth company that is the second-largest holding in the Ark Innovation ETF and was a big winner at the start of the pandemic, are down more than 25% in 2021.\n\"We've seen higher-valuation stocks hit hard this year. But the growth for these innovative companies will still be treated well over time,\" Wood said during a webcast hosted by Cboe Global Markets in March.\nWood added that she thinks investors also should put a small percentage of their money in bitcoin, another risky bet. And she stressed that investors have to overlook the inevitable short-term bumps that come with any asset. It's essential to maintain longer-term convictions and invest for future growth, Wood believes.\n\"A lot of companies catering to short-term investors who wanted profits now [have] invested more in stock buybacks and dividends over innovation,\" she said. \"That puts them in harm's way.\"\nA colleague describes Wood's go-big-or-go-home approach as a model for the new way of investing. Too many fund managers are afraid to look far into the future when judging a company's merits, instead focusing myopically on the prior and next quarterly earnings reports.\n\"Cathie has been focusing on Tesla for a long time. She looks at it not just as an automobile manufacturer. You can't compare it to traditional car companies,\" Ark Invest's Ren Leggi, who works closely with Wood on investment decisions as the company's client portfolio manager, told CNN Business in March.\nWood's critics\nBut a growing chorus of skeptics think Wood's funds could eventually collapse. Michael Burry, one of the super-bearish investors made famous in \"The Big Short,\" recently established a short position on the Ark Innovation ETF — essentially betting that it will fall sharply.\nSome tech stock veterans also wonder if Wood is just an investing flavor of the month, comparing her to once-popular portfolio managers like Kevin Landis of Firsthand Funds, Alberto Vilar of Amerindo and Garrett Van Wagoner, who ran a popular emerging-growth fund in the late 1990s.\nMany of those tech funds imploded following the 2000 bubble. TheWall Street Journalwrote a catch-up piece about Van Wagoner and other late 1990s tech gurus in 2010 with the headline \"From Fame, Fortune to Flamed-Out Stars. Post-Bust Fates of Tech-Fund Mavens.\"\nIs Wood destined for similar ignominy?\nRivals take issue with Wood making such big bets on only a handful of stocks. The Ark Innovation ETF, for example, has nearly half its assets concentrated in its top 10 holdings. Beyond Tesla, that fund also owns sizable stakes in Roku(ROKU),Coinbase,Zoom(ZM) and Square(SQ).\nRoku is another example of a high-risk/high-reward stock that Wood loves.\n\"Our investment approach is similar to Ark in that we are focusing on tech. But we're different in that we avoid concentration,\"Jeremie Capron, head of research at ROBO Global, told CNN Business in March.\nThe top 10 holdings in theROBO Global Robotics and Automation Index(ROBO)ETF account for less than 20% of the fund's total assets, and the fund owns about 80 stocks. Ark funds typically own shares in only about 30 to 50 companies.\nFor the time being, Wood is having the last laugh.\nYes, her fund's returns may be volatile year-to-year — the Ark Innovation ETF fell nearly 25% in 2018 before rebounding 30% in 2019 — but it has tended to smooth out. The five-year average annualized return for the Ark Innovation ETF through mid-2021 was 48.6%, compared to 17.7% for the S&P 500.\nAs long as that long-term trend continues, Ark acolytes may forgive a down year every now and then as Wood continues to swing for the fences.","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880550220,"gmtCreate":1631066773760,"gmtModify":1676530457841,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880550220","repostId":"2165685413","repostType":4,"repost":{"id":"2165685413","pubTimestamp":1631058075,"share":"https://www.laohu8.com/m/news/2165685413?lang=&edition=full","pubTime":"2021-09-08 07:41","market":"us","language":"en","title":"After-Hours Stock Movers: NIO,Coupa Software,Coty,UiPath and more","url":"https://stock-news.laohu8.com/highlight/detail?id=2165685413","media":"StreetInsider","summary":"After-Hours Stock Movers:\nNio Inc. (NYSE: NIO) 3.7% LOWER;today announced plans to sell up to $2 bil","content":"<p>After-Hours Stock Movers:</p>\n<p><a href=\"https://laohu8.com/S/NIO\">Nio Inc.</a>&nbsp;(NYSE: NIO) 3.7% LOWER;today&nbsp;announced plans to sell up to $2 billion in fresh U.S. shares.</p>\n<p><a href=\"https://laohu8.com/S/COTY\">Coty Inc.</a> (NYSE: COTY) 8.2% LOWER; today announced the commencement of a registered public secondary offering of 50,000,000 shares of Coty’s outstanding Class A common stock.</p>\n<p><a href=\"https://laohu8.com/S/PATH\">UiPath&nbsp;Inc.</a> (NYSE: PATH) 7.8% LOWER; reported Q2 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $195.5 million versus the consensus estimate of $184.41 million. UiPath Inc. sees Q3 2022 revenue of $207-209 million.</p>\n<p><a href=\"https://laohu8.com/S/IMPL\">Impel NeuroPharma, Inc.</a> (NASDAQ: IMPL) 5.7% LOWER; announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock.</p>\n<p><a href=\"https://laohu8.com/S/COUP\">Coupa Software</a> (NASDAQ: COUP) 5.2% HIGHER; reported Q2 EPS of $0.26, $0.32 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $179.2 million versus the consensus estimate of $162.97 million. Coupa Software sees Q3 2022 EPS of $0.01-$0.03, versus the consensus of ($0.08). Coupa Software sees Q3 2022 revenue of $177-178 million, versus the consensus of $168.8 million. Coupa Software sees FY2022 EPS of $0.27-$0.29, versus the consensus of ($0.15). Coupa Software sees FY2022 revenue of $706-708 million, versus the consensus of $687.2 million.</p>\n<p><a href=\"https://laohu8.com/S/SMAR\">Smartsheet</a> (NYSE: SMAR) 3.6% LOWER; reported Q2 EPS of ($0.05), $0.08 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $131.7 million versus the consensus estimate of $125.51 million. Smartsheet sees FY2022 EPS of ($0.44)-($0.36), versus the consensus of ($0.39). Smartsheet sees FY2022 revenue of $530-533 million, versus the consensus of $514 million.</p>\n<p><a href=\"https://laohu8.com/S/OCDX\">Ortho Clinical Diagnostics</a> (NASDAQ: OCDX) 4.2% LOWER; an affiliate of The Carlyle Group, intends to offer for sale in an underwritten secondary offering 22,000,000 ordinary shares of the Company pursuant to a registration statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).</p>\n<p><a href=\"https://laohu8.com/S/BMBL\">Bumble Inc.</a> (Nasdaq: BMBL) 4.7% LOWER; announced today that certain selling stockholders affiliated with Blackstone Inc. have commenced an underwritten public offering of 15,000,000 shares of Bumble’s Class A common stock pursuant to a registration statement filed with the Securities and Exchange Commission.</p>\n<p><a href=\"https://laohu8.com/S/MCFE\">McAfee Corp.</a> (NASDAQ: MCFE) 3.5% LOWER; announced that it has commenced an underwritten public offering of 20,000,000 shares of its Class A common stock by certain selling stockholders.</p>\n<p><a href=\"https://laohu8.com/S/OPCH\">Option Care Health, Inc.</a> (NASDAQ: OPCH) 2.1% LOWER; announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 9,200,000 shares</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>After-Hours Stock Movers: NIO,Coupa Software,Coty,UiPath and more</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\">\nAfter-Hours Stock Movers: NIO,Coupa Software,Coty,UiPath and more\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-08 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18912854><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After-Hours Stock Movers:\nNio Inc. (NYSE: NIO) 3.7% LOWER;today announced plans to sell up to $2 billion in fresh U.S. shares.\nCoty Inc. (NYSE: COTY) 8.2% LOWER; today announced the commencement of a ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18912854\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COTY":"科蒂","OCDX":"Ortho Clinical Diagnostics Holdings plc","COUP":"Coupa Software Inc","BMBL":"Bumble Inc.","MCFE":"McAfee Corp.","PATH":"UiPath","IMPL":"Impel NeuroPharma, Inc.","OPCH":"Option Care Health Inc","SMAR":"Smartsheet","NIO":"蔚来"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18912854","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165685413","content_text":"After-Hours Stock Movers:\nNio Inc. (NYSE: NIO) 3.7% LOWER;today announced plans to sell up to $2 billion in fresh U.S. shares.\nCoty Inc. (NYSE: COTY) 8.2% LOWER; today announced the commencement of a registered public secondary offering of 50,000,000 shares of Coty’s outstanding Class A common stock.\nUiPath Inc. (NYSE: PATH) 7.8% LOWER; reported Q2 EPS of $0.01, $0.06 better than the analyst estimate of ($0.05). Revenue for the quarter came in at $195.5 million versus the consensus estimate of $184.41 million. UiPath Inc. sees Q3 2022 revenue of $207-209 million.\nImpel NeuroPharma, Inc. (NASDAQ: IMPL) 5.7% LOWER; announced that it has commenced an underwritten public offering of 3,000,000 shares of its common stock.\nCoupa Software (NASDAQ: COUP) 5.2% HIGHER; reported Q2 EPS of $0.26, $0.32 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $179.2 million versus the consensus estimate of $162.97 million. Coupa Software sees Q3 2022 EPS of $0.01-$0.03, versus the consensus of ($0.08). Coupa Software sees Q3 2022 revenue of $177-178 million, versus the consensus of $168.8 million. Coupa Software sees FY2022 EPS of $0.27-$0.29, versus the consensus of ($0.15). Coupa Software sees FY2022 revenue of $706-708 million, versus the consensus of $687.2 million.\nSmartsheet (NYSE: SMAR) 3.6% LOWER; reported Q2 EPS of ($0.05), $0.08 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $131.7 million versus the consensus estimate of $125.51 million. Smartsheet sees FY2022 EPS of ($0.44)-($0.36), versus the consensus of ($0.39). Smartsheet sees FY2022 revenue of $530-533 million, versus the consensus of $514 million.\nOrtho Clinical Diagnostics (NASDAQ: OCDX) 4.2% LOWER; an affiliate of The Carlyle Group, intends to offer for sale in an underwritten secondary offering 22,000,000 ordinary shares of the Company pursuant to a registration statement filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”).\nBumble Inc. (Nasdaq: BMBL) 4.7% LOWER; announced today that certain selling stockholders affiliated with Blackstone Inc. have commenced an underwritten public offering of 15,000,000 shares of Bumble’s Class A common stock pursuant to a registration statement filed with the Securities and Exchange Commission.\nMcAfee Corp. (NASDAQ: MCFE) 3.5% LOWER; announced that it has commenced an underwritten public offering of 20,000,000 shares of its Class A common stock by certain selling stockholders.\nOption Care Health, Inc. (NASDAQ: OPCH) 2.1% LOWER; announced today that an affiliate of Madison Dearborn Partners (the “Selling Stockholder”) has agreed to sell 9,200,000 shares","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817273245,"gmtCreate":1630972510687,"gmtModify":1676530429473,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/817273245","repostId":"1186375251","repostType":4,"repost":{"id":"1186375251","pubTimestamp":1630909435,"share":"https://www.laohu8.com/m/news/1186375251?lang=&edition=full","pubTime":"2021-09-06 14:23","market":"us","language":"en","title":"3 Golden Rules On How To Invest At All-Time Highs","url":"https://stock-news.laohu8.com/highlight/detail?id=1186375251","media":"seekingalpha","summary":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correcti","content":"<p><b>Summary</b></p>\n<ul>\n <li>Markets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.</li>\n <li>As markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.</li>\n <li>What should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?</li>\n <li>In this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f5f0c9f1aacfbc6d8c78d0e84da5fc9\" tg-width=\"1536\" tg-height=\"878\" width=\"100%\" height=\"auto\"><span>phive2015/iStock via Getty Images</span></p>\n<p>The stock market has been on a rampage in 2021. At the end of August, the S&amp;P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c58ccc72065c84083443d6be7f03482a\" tg-width=\"640\" tg-height=\"322\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p>\n<p>Each day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.</p>\n<p>However, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.</p>\n<p>The importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.</p>\n<p><b>1. Don't get caught by greediness</b></p>\n<p>Let's start off with the most important rule. Avoid greediness.</p>\n<p>According to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&amp;P 500 yielded an annual 7.5% return during this time frame.</p>\n<p>The single most important reason for this retail investor underperformance? Emotional human behavior.</p>\n<p>The average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.</p>\n<p>Today, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&amp;P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.</p>\n<p>As a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1accc921d16b11ec13ed94686b9cfe75\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&amp;P Global data; adjusted EPS is used</span></p>\n<p>Will earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?</p>\n<p>It wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&amp;P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.</p>\n<p>What happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.</p>\n<p>As markets were priced to analyst expectations instead of taking into account a possible downturn, the S&amp;P 500 crashed and took 7 years to recover.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0081f4a9c3ee43b20684f113cb04ef9c\" tg-width=\"640\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&amp;P Global data and Yardeni; adjusted EPS is used</span></p>\n<p>Let's get back to today... The P/E of the S&amp;P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.</p>\n<p>Now ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.</p>\n<p>Interest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.</p>\n<p>Maybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.</p>\n<p>I'm not sure this will happen, nobody is. But it sure as hell is a probability.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f61310c3c851b181ceb1fb3cc8862fdb\" tg-width=\"640\" tg-height=\"465\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities based on S&amp;P Global data and Yardeni; adjusted EPS is used</span></p>\n<p>This greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.</p>\n<p>Interestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.</p>\n<p>As a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c783bf0cff4c410846a27c2dc8c180b1\" tg-width=\"640\" tg-height=\"499\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities with Tradingview</span></p>\n<p>Human behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.</p>\n<p>2. Keep investing, there are always opportunities</p>\n<p>In short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?</p>\n<p>Not really... You know, a wise man once said the following:</p>\n<blockquote>\n <b>It's a market of stocks, not a stock market.</b>\n</blockquote>\n<p>I'm not entirely sure who came up with it. But it must be a wise man, for sure.</p>\n<p>What does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.</p>\n<p>That's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.</p>\n<p>In a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.</p>\n<p>The Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c713a296e819a255b3be8ac6e504033d\" tg-width=\"635\" tg-height=\"450\" width=\"100%\" height=\"auto\"><span>Data by YCharts</span></p>\n<p>So what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.</p>\n<p>A great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.</p>\n<p>Don't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&amp;P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2f132a93975b3b7fef86aff21c0b49bb\" tg-width=\"640\" tg-height=\"250\" width=\"100%\" height=\"auto\"><span>Source: Yardeni</span></p>\n<p><b>3. Adopt a proven investment strategy to pick stocks</b></p>\n<p>Rule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.</p>\n<p>That's where #3 comes into play: adopt a proven investment strategy.</p>\n<p>With the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.</p>\n<p>There are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.</p>\n<p>To find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.</p>\n<p>We don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".</p>\n<p>It worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&amp;P 500 index. Only in 2011 it slightly underperformed the market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f05af9240a87a55641df0a7921ec0380\" tg-width=\"640\" tg-height=\"359\" width=\"100%\" height=\"auto\"><span>Source: Insider Opportunities</span></p>\n<p></p>\n<p>We firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.</p>\n<p><b>Conclusion: Do this at all-time highs</b></p>\n<p>Most stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?</p>\n<p>No, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.</p>\n<p>How should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:</p>\n<ol>\n <li><b>Don't get greedy.</b>As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.</li>\n <li><b>Keep being invested.</b>Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.</li>\n <li><b>Adopt a proven strategy.</b>Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.</li>\n</ol>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Golden Rules On How To Invest At All-Time Highs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Golden Rules On How To Invest At All-Time Highs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-06 14:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.\nAs markets are rallying, many investors are starting to rest on their ...</p>\n\n<a href=\"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs\">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",".DJI":"道琼斯"},"source_url":"https://seekingalpha.com/article/4453541-3-golden-rules-on-how-to-invest-at-all-time-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186375251","content_text":"Summary\n\nMarkets continue to reach new all-time highs each week and have not seen a notable correction in over 200 trading days.\nAs markets are rallying, many investors are starting to rest on their laurels while investment decisions at all-time highs are actually more important than ever.\nWhat should you be aware of in today's market? Should you sell out at these overvalued prices or can you still generate great returns by buying today?\nIn this article, I will share my three golden rules on how to invest at all-time highs like today. This information will be very valuable for your future wealth generation in the market.\n\nphive2015/iStock via Getty Images\nThe stock market has been on a rampage in 2021. At the end of August, the S&P 500 index (SPY) gained 20.4% year-to-date. Interestingly, the index has been trading in a very tight upward range and has not seen a 5% correction for 208 trading days. While most investors don't see this as an anomaly, it actually is. Both events have only occurred 7 times before in stock market history. We are clearly living in abnormal times.\nSource: Insider Opportunities with Tradingview\nEach day it is important to think thoroughly about the investment decisions you make. Above all, all purchases or sales will impact your future wealth accumulation in the market.\nHowever, during extreme rallies like today it is twice as important to reflect on your investment decisions. Ask that to investors who took high risks during the dot-com bubble or panic sold during the Covid-19 crash. That undoubtedly had an immense impact on their long-term returns.\nThe importance of investment decisions today for your long-term returns is why I chose to write about my three golden rules on how to invest at all-time highs. How should you approach today's market and what should you be aware of? Should you sell out at these overvalued prices and wait for a correction to take place or can you still generate great returns when buying at these levels? The answers to these one-million-dollar questions will be provided in this article.\n1. Don't get caught by greediness\nLet's start off with the most important rule. Avoid greediness.\nAccording to JPMorgan, over the past 20 years, the average investor reached an annual return of only 2.9%. As such, they significantly underperformed the general market as the S&P 500 yielded an annual 7.5% return during this time frame.\nThe single most important reason for this retail investor underperformance? Emotional human behavior.\nThe average investor is getting influenced heavily by media headlines, stock prices movements and behavior from other investors.\nToday, we reached an extremely bullish stock market environment. Last earnings season has been one of the greatest in stock market history. The S&P 500 EPS rose by 94.5% YoY and 86.1% of its constituents beat analyst estimates.\nAs a consequence of this bullish environment, analysts are significantly raising their estimates for the next quarters. They now expect EPS to rise sharply to $217.96 by the end of 2022, which is a significant recovery from the pre-pandemic high of $157.12. Such a recovery looks to be optimistic as it took 7-12 years in the past economic cycles to achieve this:\nSource: Insider Opportunities based on S&P Global data; adjusted EPS is used\nWill earnings really continue this very strong recovery over the coming quarters or are analysts perhaps getting too greedy with their assumptions?\nIt wouldn't be the first time if they were too greedy. During the dot-com bubble for example, they were caught by their emotions as well. The '90s was an abnormally strong decade in terms of earnings growth for the S&P 500. As such, analysts totally forgot that downward cycles exist as well. They increased their annual EPS growth guidance to a staggering 15% for the five years following 2000. According to them, this high growth rate justified the record P/E multiples stocks were trading at and many investors got tricked into that story.\nWhat happened afterwards? The economy didn't boom, it fell into a recession which took 3 years to recover from. Earnings in 2003 were almost 50% lower than what analysts had been predicting in 2000.\nAs markets were priced to analyst expectations instead of taking into account a possible downturn, the S&P 500 crashed and took 7 years to recover.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nLet's get back to today... The P/E of the S&P 500 currently stands at 25.4x, which is extremely high compared to historical levels. This gets justified by the common belief that earnings will continue rising significantly. As such, the ratio would fall to an acceptable 20.7x by the end of 2022.\nNow ask yourself how likely it is that earnings growth will continue to grow at higher levels than the historical average over the coming quarters.\nInterest rates are already at 0%. The money printer is running out of paper. Federal debt levels are hitting their ceilings. Pent-up demand and stimuli cheques already led to record-high consumer spending over the past quarters.\nMaybe, just maybe, analysts are being too greedy with their assumptions? Maybe the recent economic recovery is unsustainable and set to cool down? Maybe my assumptions (grey line) are much more likely than what the market is predicting (red line)? If so, the market is trading at a fwd 2022 P/E of 23.6x, which is really expensive.\nI'm not sure this will happen, nobody is. But it sure as hell is a probability.\nSource: Insider Opportunities based on S&P Global data and Yardeni; adjusted EPS is used\nThis greediness also gets reflected in the charts. As you can see in the chart below, a bull market can be split into four cycles. Strong growth, bear trap, media attention and greed.\nInterestingly, the 2013-2021 bull market is playing out almost identically as the 1994-2000 bull market. At this moment, the Nasdaq Index (QQQ) looks to be ready to start the last extreme greed phase. The media is approaching the recent rally as \"the new normal\" and investors are FOMO buying heavily because stocks \"can only go up\". As such, it is likely that the Nasdaq will rise close to $20,000 in the last months of 2021.\nAs a long-term investor, it is extremely important to understand these dynamics. You will probably feel the urge to go all-in in risky assets as well. However, getting greedy during this phase could be a major threat for your long term returns as it will likely be followed by a major bear market.\nSource: Insider Opportunities with Tradingview\nHuman behavior makes it extremely challenging to not get distracted by market sentiment. If you can keep an objective view on markets, it will benefit your returns drastically.\n2. Keep investing, there are always opportunities\nIn short, rule #1 says that your decisions should never be led by emotions and that you should keep focusing on underlying fundamentals. As the market is getting greedy today and valuations reach extreme levels it implies that you should start selling stocks and hold a lot of cash, right?\nNot really... You know, a wise man once said the following:\n\nIt's a market of stocks, not a stock market.\n\nI'm not entirely sure who came up with it. But it must be a wise man, for sure.\nWhat does it mean? Look, many retail investors buy/sell stocks based on how the outlook for the general market looks like. If they don't trust the markets, they will be reluctant to invest, no matter what.\nThat's not a great way of looking at markets. There are almost 4,000 stocks available and there will always be interesting investment opportunities to generate great returns, no matter how the market evolves.\nIn a generally overvalued market it gets increasingly challenging to find undervalued stocks, but certainly not impossible. Ask Warren Buffett. In 2000, the most overvalued stock market in history, his investment vehicle Berkshire Hathaway (BRK.A) (BRK.B) kept buying high-quality, undervalued assets. His dedication paid off with an impressive return of 47% five years after the dot-com peak compared to -39% for the Nasdaq index.\nThe Russell 2000 (IWM), an index reflecting US small caps, was very attractive during the dot-com bubble as well, trading at a P/E of 16x (vs 24x for large caps) going into 2000. Those who invested in this undervalued asset class during the bubble also generated very solid returns. Those who were able to pick out the greatest small caps were a lot happier than those who got tricked into overhyped tech stocks, I can imagine.\nData by YCharts\nSo what should you do today? I would suggest re-evaluating all your portfolio holdings. Weigh their valuation compared to earnings 3 years from now, when Covid-19 disruptions (stimuli, pent-up demand, etc.) are gone. Be conservative with your assumptions. If a stock is significantly overvalued compared to those assumptions, don't be greedy and sell out the position.\nA great example is Apple Inc. (AAPL), one of the most popular stocks this year. As a consequence of its very strong financials (revenue grew 36.4% last quarter), its P/E ratio more than doubled over the past two years to 30x. It is important to understand that its recent growth primarily accelerated due to unsustainable drivers such as the several rounds of stimuli cheques. Once this fades away, Apple's growth is likely to fall back to single digits (or might even go negative in the short term) and returns would be very weak going forward.\nDon't keep all that freed up capital in cash, especially in the current inflationary environment. There are still opportunities to re-invest that money. In my opinion, small caps are the most attractive asset class today just like they were in 2000. After its recent underperformance, the Russell 2000 (representing all US small caps) is trading at a P/E of 15.6x today. This is much lower than both the S&P 500 Index and its historical average. There are plenty of small-cap opportunities out there which will generate great returns going forward.\nSource: Yardeni\n3. Adopt a proven investment strategy to pick stocks\nRule #1 and #2 look very good on paper, but are very hard to execute in reality. When push comes to shove, it's very tough to deny your emotions and to find interesting investment opportunities in an overvalued market.\nThat's where #3 comes into play: adopt a proven investment strategy.\nWith the upcoming challenges in the stock market, I believe it has never been as important as today to follow a pre-determined strategy on which you can rely during a highly uncertain market environment. If you use a strategy which worked well in the past, you'll feel great in each market environment.\nThere are many strategies that could work for you, as long as you stick to it. We strongly believe that our under-appreciated strategy at Insider Opportunities will be very valuable in the coming years.\nTo find attractive investment opportunities, we follow insider purchases each day. Insiders are the CFOs, CEOs, board members, etc. who know their business better than anyone else in the market. If they see a disconnection between the share price and the business fundamentals, they can purchase shares to generate profits. You can follow the purchases of this so-called \"smart money\" on a daily basis through SEC filings or websites like openinsider.com.\nWe don't just follow up insider purchases. We created three algorithms based on more than a million of data points over the past decade to pick the greatest ones out of all insider purchases. As such, we stick to a pre-determined plan to only buy stocks that are attractive based on specific fundamentals, called \"golden picks\".\nIt worked tremendously in the past. Our back-test shows that the strategy generated annualized returns of 47.2% over the past decade, tripling the S&P 500 index. Only in 2011 it slightly underperformed the market.\nSource: Insider Opportunities\n\nWe firmly believe that this revolutionary strategy will continue generating wealth for us in the stock market, regardless of how the market performs. Find yourself a strict, proven strategy like ours on which you can rely during the upcoming uncertainties.\nConclusion: Do this at all-time highs\nMost stock market investors are resting on their laurels when all-time highs are being reached. Above all, nothing can go wrong in such a bullish market, right?\nNo, that's not how it works. Markets evolve in cycles and those who don't acknowledge the importance of adapting to these cycles will be struck at weak long-term returns.\nHow should you approach today's all-time highs to keep generating wealth going forward? Here are my three golden rules:\n\nDon't get greedy.As a consequence of emotional behavior, you will want to take higher risks when markets are rallying. Never follow these emotions and always keep focused on the fundamentals.\nKeep being invested.Don't get reluctant to invest in stocks just because markets are getting overvalued. Acknowledge that it's a market of stocks, not a stock market. There are always great opportunities in each market environment. Today, they are mostly available in under-the-radar small caps.\nAdopt a proven strategy.Investing is not easy, especially when things are starting to move southwards. Adopting a strict, proven investment strategy can make life much easier and improve returns significantly.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814958269,"gmtCreate":1630749866951,"gmtModify":1676530389942,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] 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rise","images":[{"img":"https://static.tigerbbs.com/a05385f0a1f674d55a40724b44b3f745","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812228409","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9096317222,"gmtCreate":1644302233061,"gmtModify":1676533910585,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Heartbreak]&nbsp;","listText":"[Heartbreak]&nbsp;","text":"[Heartbreak]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":10,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096317222","repostId":"1117021583","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9983105533,"gmtCreate":1666169506023,"gmtModify":1676537717358,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAL\">$American Airlines(AAL)$</a>🫡🫡","listText":"<a href=\"https://ttm.financial/S/AAL\">$American Airlines(AAL)$</a>🫡🫡","text":"$American Airlines(AAL)$🫡🫡","images":[{"img":"https://community-static.tradeup.com/news/344ef23a8333221aa43a1147cfb512e0","width":"1284","height":"2538"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9983105533","isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":888953402,"gmtCreate":1631425496706,"gmtModify":1676530546665,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/888953402","repostId":"1189654544","repostType":4,"repost":{"id":"1189654544","pubTimestamp":1631406130,"share":"https://www.laohu8.com/m/news/1189654544?lang=&edition=full","pubTime":"2021-09-12 08:22","market":"us","language":"en","title":"US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week","url":"https://stock-news.laohu8.com/highlight/detail?id=1189654544","media":"Renaissance Capital","summary":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion i","content":"<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.</p>\n<p>Tech consultancy&nbsp;<b>Thoughtworks</b>(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.</p>\n<p>Swiss running shoe brand&nbsp;<b>On Holding</b>(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.</p>\n<p>After ending talks to go public via SPAC,<b>Sportradar Group</b>(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.</p>\n<p>Drive-thru coffee chain&nbsp;<b>Dutch Bros</b>(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.</p>\n<p>Healthcare intelligence platform&nbsp;<b>Definitive Healthcare</b>(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.</p>\n<p>Identity management platform&nbsp;<b>ForgeRock</b>(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.</p>\n<p>Immunology biotech&nbsp;<b>DICE Therapeutics</b>(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.</p>\n<p>Surgical robotics developer&nbsp;<b>PROCEPT BioRobotics</b>(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.</p>\n<p>Oncology biotech&nbsp;<b>Tyra Biosciences</b>(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.</p>\n<p>Micro-cap gas delivery service&nbsp;<b>EzFill Holdings</b>(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.</p>\n<p><img src=\"https://static.tigerbbs.com/718698ff98644c4026f32efe91d076c6\" tg-width=\"1128\" tg-height=\"684\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/97fe13300d9e4cf61effc59b9706776a\" tg-width=\"1129\" tg-height=\"247\" referrerpolicy=\"no-referrer\"></p>\n<p><b>IPO Market Snapshot</b></p>\n<p>The Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&amp;P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.</p>","source":"lsy1603787993745","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS IPO Week Ahead: The Fall IPO market kicks off with a 10 IPO week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-12 08:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion ...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BROS":"Dutch Bros Inc.","TYRA":"Tyra Biosciences, Inc.","DH":"Definitive Healthcare Corp.",".DJI":"道琼斯","SRAD":"Sportradar Group AG",".IXIC":"NASDAQ Composite","PRCT":"PROCEPT BioRobotics","TWKS":"Thoughtworks Holding Inc.","DICE":"DICE Therapeutics, Inc.",".SPX":"S&P 500 Index","ONON":"On Holding AG","EZFL":"EzFill Holdings Inc","FORG":"ForgeRock, Inc."},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/85972/US-IPO-Week-Ahead-The-Fall-IPO-market-kicks-off-with-a-10-IPO-week","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189654544","content_text":"After a wave of launches in the short holiday week, 10 IPOs are scheduled to raise over $3 billion in the week ahead.\nTech consultancy Thoughtworks(TWKS) plans to raise $700 million at a $6.3 billion market cap. This agile software developer provides premium, end-to-end digital strategy, design, and engineering services to more than 300 enterprise customers. The company grew revenue at a 14% CAGR from 2017 to 2020, and expanded margins in 2020 and the 1H21.\nSwiss running shoe brand On Holding(ONON) plans to raise $591 million at a $5.9 billion market cap. On is a global provider of premium athletic footwear, apparel, and accessories that are designed using sustainable materials and its proprietary technology. The company has demonstrated growth and profitability, though it faces significant competition from other well-known sportswear brands.\nAfter ending talks to go public via SPAC,Sportradar Group(SRAD) plans to raise $504 million at a $7.9 billion market cap. Covering over 750,000 events annually across 83 sports, this Swiss company provides software, data, and content to sports leagues, betting operators, and media companies. Sportradar is profitable, and growth accelerated in the 1H21 as live sports resumed.\nDrive-thru coffee chain Dutch Bros(BROS) plans to raise $400 million at a $3.3 billion market cap. This Oregon-based company has a chain of 471 drive-thru coffee shops in the Western US, and it has been able to maintain a track record of same-store sales growth as it has expanded to new states. Insiders received pre-IPO dividends and will sell shares back to the company.\nHealthcare intelligence platform Definitive Healthcare(DH) plans to raise $350 million at a $3.3 billion market cap. This company provides a healthcare commercial intelligence and analytics platform, helping its customers to analyze, navigate, and sell into the complex healthcare ecosystem. Unprofitable with strong growth, Definitive Healthcare will be leveraged post-IPO.\nIdentity management platform ForgeRock(FORG) plans to raise $248 million at a $2.1 billion market cap. The company provides identity and access management software, with a platform to provision, authenticate, and govern all types of digital identities. Unprofitable with high sales and marketing expenses, ForgeRock is a leading next-gen provider in the multi-billion-dollar identity and access market.\nImmunology biotech DICE Therapeutics(DICE) plans to raise $160 million at a $550 million market cap. This biotech is developing oral small molecule therapies to treat chronic diseases in immunology and other therapeutic areas. DICE plans to initiate a Phase 1 trial of its lead candidate S011806, an oral antagonist with a variety of immunology indications.\nSurgical robotics developer PROCEPT BioRobotics(PRCT) plans to raise $127 million at a $1.1 billion market cap. This commercial-stage company develops surgical robotic systems for minimally-invasive urologic surgery with an initial focus on treating benign prostatic hyperplasia. PROCEPT BioRobotics is highly unprofitable and saw revenue increase more than sixfold in the 1H21.\nOncology biotech Tyra Biosciences(TYRA) plans to raise $101 million at a $584 million market cap. This preclinical biotech is developing FGFR kinase inhibitors for cancer, specifically solid tumors. Tyra’s lead candidate is initially focused on bladder cancer, and the company expects to submit an IND for it in mid-2022.\nMicro-cap gas delivery service EzFill Holdings(EZFL) plans to raise $25 million at a $104 million market cap. This mobile-fueling company provides an on-demand fuel delivery service in Florida via mobile app. Highly unprofitable with explosive growth, EzFill states that it is the dominant player in the South Florida market.\n\nIPO Market Snapshot\nThe Renaissance IPO Indices are market cap weighted baskets of newly public companies. As of 9/9/21, the Renaissance IPO Index was up 7.7% year-to-date, while the S&P 500 was up 19.6%. Renaissance Capital's IPO ETF (NYSE: IPO) tracks the index, and top ETF holdings include Snowflake (SNOW) and Palantir Technologies (PLTR). The Renaissance International IPO Index was down 11.0% year-to-date, while the ACWX was up 10.0%. Renaissance Capital’s International IPO ETF (NYSE: IPOS) tracks the index, and top ETF holdings include Smoore International and EQT Partners.","news_type":1},"isVote":1,"tweetType":1,"viewCount":262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":898396540,"gmtCreate":1628472404780,"gmtModify":1703506538898,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Spurting]&nbsp;[Spurting]&nbsp;","listText":"[Spurting]&nbsp;[Spurting]&nbsp;","text":"[Spurting] [Spurting]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/898396540","repostId":"1136322726","repostType":4,"isVote":1,"tweetType":1,"viewCount":32,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108121368,"gmtCreate":1620005969554,"gmtModify":1704337225184,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/108121368","repostId":"1135819410","repostType":4,"repost":{"id":"1135819410","pubTimestamp":1619999342,"share":"https://www.laohu8.com/m/news/1135819410?lang=&edition=full","pubTime":"2021-05-03 07:49","market":"us","language":"en","title":"Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135819410","media":"Barrons","summary":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their fi","content":"<p>It’s another packed week of earnings reports, with 130 S&amp;P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday:&nbsp;Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.</p><p>On Wednesday,&nbsp;Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings.&nbsp;Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on&nbsp;Friday.</p><p><img src=\"https://static.tigerbbs.com/e1a866fbe5118566e68842053d76e2b9\" tg-width=\"1382\" tg-height=\"750\"></p><p>On the economic calendar this week, the&nbsp;main event will jobs Friday.&nbsp;The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.</p><p>Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its&nbsp;Services equivalent on Wednesday.</p><p>Enterprise Products Partners&nbsp;and Estée Lauder release earnings.</p><p>Merck and&nbsp;Public Storage&nbsp;hold virtual investor days.</p><p><b>The Census Bureau</b>&nbsp;reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.</p><p><b>The Institute for Supply</b>&nbsp;Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.</p><p><b>Tuesday 5/4</b></p><p>Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.</p><p>Eli Lilly&nbsp;holds a conference call to discuss its sustainability initiatives.</p><p>Union Pacific&nbsp;holds its 2021 virtual investor day.</p><p><b>Wednesday 5/5</b></p><p>Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.</p><p><b>ADP releases</b>&nbsp;its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.</p><p><b>ISM releases</b>&nbsp;its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.</p><p><b>Thursday 5/6</b></p><p>Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and&nbsp;Zoetishold conference calls to discuss quarterly results.</p><p><b>The Department of Labor</b>&nbsp;reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.</p><p><b>The Bureau of Labor</b>&nbsp;Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.</p><p><b>Friday 5/7</b></p><p><b>The Bureau of Labor</b>&nbsp;Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.</p><p>Cigna and&nbsp;<b>Liberty Media</b>&nbsp;report earnings.</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>Uber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUber, Pfizer, PayPal, T-Mobile, ViacomCBS, General Motors, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 07:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: ...</p>\n\n<a href=\"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TMUS":"T-Mobile US Inc","PFE":"辉瑞","GM":"通用汽车",".DJI":"道琼斯","PYPL":"PayPal",".IXIC":"NASDAQ Composite","UBER":"优步",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/uber-pfizer-paypal-t-mobile-viacomcbs-general-motors-and-other-stocks-for-investors-to-watch-this-week-51619982000?mod=hp_LEADSUPP_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135819410","content_text":"It’s another packed week of earnings reports, with 130 S&P 500 companies on deck to release their first-quarter results. Estée Lauder is among Monday’s highlights, before things pick up on Tuesday: Activision Blizzard, CVS Health, DuPont, Pfizer, and T-Mobile US all report.On Wednesday, Barrick Gold, Booking Holdings, General Motors, PayPal Holdings, and Uber Technologies release earnings. Anheuser-Busch InBev, Moderna, Regeneron Pharmaceuticals, Square, and ViacomCBS go on Thursday. And finally, Cigna closes the week on Friday.On the economic calendar this week, the main event will jobs Friday. The Bureau of Labor Statistics is forecast to report a gain of 975,000 nonfarm payrolls in April, and an unemployment rate of 5.8%—down from 6% a month earlier.Other data out this week include the Institute for Supply Management’s Manufacturing Purchasing Managers’ Index for April on Monday and its Services equivalent on Wednesday.Enterprise Products Partners and Estée Lauder release earnings.Merck and Public Storage hold virtual investor days.The Census Bureau reports construction-spending data for March. Consensus estimate is for a 0.6% month-over-month increase in construction spending to a seasonally adjusted annual rate of $1.53 trillion.The Institute for Supply Management releases its Manufacturing Purchasing Managers’ Index for April. Economists forecast a 65 reading, roughly even with the March figure. The March reading was the highest for the index since December 1983.Tuesday 5/4Activision Blizzard,ConocoPhillips, Cummins, CVS Health,Dominion Energy,DuPont, Eaton, Pfizer,Sysco,and T-Mobile US report quarterly results.Eli Lilly holds a conference call to discuss its sustainability initiatives.Union Pacific holds its 2021 virtual investor day.Wednesday 5/5Barrick Gold, Booking Holdings,BorgWarner,Emerson Electric,General Motors,Hilton Worldwide Holdings,Novo Nordisk,PayPal Holdings, and Uber Technologies release earnings.ADP releases its National Employment Report for April. Expectations are for a gain of 762,500 jobs in private-sector employment after a 517,000 increase in March.ISM releases its Services PMI for April. The consensus call is for a 64.6 reading, a tick higher than the March data. The March reading was an all-time high for the index.Thursday 5/6Anheuser-Busch InBev,Becton Dickinson,Expedia Group,Fidelity National Information Services,Kellogg, Linde,MetLife,Moderna, Regeneron Pharmaceuticals, Square, ViacomCBS, and Zoetishold conference calls to discuss quarterly results.The Department of Labor reports initial jobless claims for the week ending on May 1. Initial jobless claims have averaged 611,750 a week in April and are at their lowest level since March of last year.The Bureau of Labor Statistics reports labor costs and productivity for the first quarter. Expectations are for a seasonally adjusted annual rate of 2.2% productivity growth, compared with a 4.2% decline in the fourth quarter of 2020. Unit labor costs are seen falling 0.4% after rising 6% previously.Friday 5/7The Bureau of Labor Statistics releases the jobs report for April. Economists forecast a gain of 975,000 in nonfarm payroll employment. The unemployment rate is expected to edge down to 5.8% from 6%.Cigna and Liberty Media report earnings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3580291159442629","authorId":"3580291159442629","name":"pxgcess","avatar":"https://static.tigerbbs.com/3eb9eb42fe007c4bd0c4331c7ac05dc9","crmLevel":1,"crmLevelSwitch":0},"content":"reply to my comment pls!","text":"reply to my comment pls!","html":"reply to my comment pls!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839538086,"gmtCreate":1629165309345,"gmtModify":1676529950748,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/839538086","repostId":"1140894285","repostType":4,"repost":{"id":"1140894285","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629155562,"share":"https://www.laohu8.com/m/news/1140894285?lang=&edition=full","pubTime":"2021-08-17 07:12","market":"us","language":"en","title":"Roblox bookings miss Wall St target as easing curbs hurt online games","url":"https://stock-news.laohu8.com/highlight/detail?id=1140894285","media":"Tiger Newspress","summary":"Roblox Corp's quarterly bookings missed market expectations on Monday, as easing restrictions slowed","content":"<p>Roblox Corp's&nbsp;quarterly bookings missed market expectations on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games including \"Jailbreak\" and \"MeepCity\", sending its shares down 4.7%.</p>\n<p><img src=\"https://static.tigerbbs.com/01c434b068c08a4e8cb96171d78e7d8f\" tg-width=\"897\" tg-height=\"640\" width=\"100%\" height=\"auto\"></p>\n<p>The company, one of the world's most popular gaming sites for children, is a pandemic winner that had benefited from stay-at-home orders.</p>\n<p>But with school reopening following the rollout of vaccines in the United States, online games lagged as kids are now encouraged to return to outdoor activities.</p>\n<p>The company's bookings rose just 35% to $665.5 million for the second quarter ended June 30 compared to a 161% surge in bookings during the previous quarter. Analysts had expected $683.3 million.</p>\n<p>Roblox generates most of its booking from the purchases of virtual currency \"Robux\" by kids, who then use it to upgrade player's avatars by buying in-game items like a hat, pet or accessories.</p>\n<p>The company, which offers a host of titles across mobile devices and games consoles, said average bookings per daily active user increased slightly from the year-ago period.</p>\n<p>The metric is the average amount that users pay per day to play the games and it had in the last quarter surged 46% from a year earlier.</p>\n<p>In July, it fell 5% to 7% year-over-year, a clear sign of how people are spending less time on its platform.</p>\n<p>The company, which listed on the NYSE in March, is reporting its second quarterly earnings and is yet to turn a profit.</p>\n<p>\"Roblox is suffering from the demands of very aggressive market expectations, combined with the prospect of continued unprofitability going forward,\" said John Patrick Lee, ETF product manager at VanEck.</p>\n<p>Its net loss attributable to common stockholders widened to $140.13 million, or 25 cents per share, compared to $71.5 million, or 40 cents per share, a year earlier.</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>Roblox bookings miss Wall St target as easing curbs hurt online games</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\">\nRoblox bookings miss Wall St target as easing curbs hurt online games\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-17 07:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Roblox Corp's&nbsp;quarterly bookings missed market expectations on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games including \"Jailbreak\" and \"MeepCity\", sending its shares down 4.7%.</p>\n<p><img src=\"https://static.tigerbbs.com/01c434b068c08a4e8cb96171d78e7d8f\" tg-width=\"897\" tg-height=\"640\" width=\"100%\" height=\"auto\"></p>\n<p>The company, one of the world's most popular gaming sites for children, is a pandemic winner that had benefited from stay-at-home orders.</p>\n<p>But with school reopening following the rollout of vaccines in the United States, online games lagged as kids are now encouraged to return to outdoor activities.</p>\n<p>The company's bookings rose just 35% to $665.5 million for the second quarter ended June 30 compared to a 161% surge in bookings during the previous quarter. Analysts had expected $683.3 million.</p>\n<p>Roblox generates most of its booking from the purchases of virtual currency \"Robux\" by kids, who then use it to upgrade player's avatars by buying in-game items like a hat, pet or accessories.</p>\n<p>The company, which offers a host of titles across mobile devices and games consoles, said average bookings per daily active user increased slightly from the year-ago period.</p>\n<p>The metric is the average amount that users pay per day to play the games and it had in the last quarter surged 46% from a year earlier.</p>\n<p>In July, it fell 5% to 7% year-over-year, a clear sign of how people are spending less time on its platform.</p>\n<p>The company, which listed on the NYSE in March, is reporting its second quarterly earnings and is yet to turn a profit.</p>\n<p>\"Roblox is suffering from the demands of very aggressive market expectations, combined with the prospect of continued unprofitability going forward,\" said John Patrick Lee, ETF product manager at VanEck.</p>\n<p>Its net loss attributable to common stockholders widened to $140.13 million, or 25 cents per share, compared to $71.5 million, or 40 cents per share, a year earlier.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140894285","content_text":"Roblox Corp's quarterly bookings missed market expectations on Monday, as easing restrictions slowed the pandemic-fueled surge in spending for its games including \"Jailbreak\" and \"MeepCity\", sending its shares down 4.7%.\n\nThe company, one of the world's most popular gaming sites for children, is a pandemic winner that had benefited from stay-at-home orders.\nBut with school reopening following the rollout of vaccines in the United States, online games lagged as kids are now encouraged to return to outdoor activities.\nThe company's bookings rose just 35% to $665.5 million for the second quarter ended June 30 compared to a 161% surge in bookings during the previous quarter. Analysts had expected $683.3 million.\nRoblox generates most of its booking from the purchases of virtual currency \"Robux\" by kids, who then use it to upgrade player's avatars by buying in-game items like a hat, pet or accessories.\nThe company, which offers a host of titles across mobile devices and games consoles, said average bookings per daily active user increased slightly from the year-ago period.\nThe metric is the average amount that users pay per day to play the games and it had in the last quarter surged 46% from a year earlier.\nIn July, it fell 5% to 7% year-over-year, a clear sign of how people are spending less time on its platform.\nThe company, which listed on the NYSE in March, is reporting its second quarterly earnings and is yet to turn a profit.\n\"Roblox is suffering from the demands of very aggressive market expectations, combined with the prospect of continued unprofitability going forward,\" said John Patrick Lee, ETF product manager at VanEck.\nIts net loss attributable to common stockholders widened to $140.13 million, or 25 cents per share, compared to $71.5 million, or 40 cents per share, a year earlier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9004843084,"gmtCreate":1642560537509,"gmtModify":1676533723295,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004843084","repostId":"2204408493","repostType":4,"isVote":1,"tweetType":1,"viewCount":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802709163,"gmtCreate":1627801354052,"gmtModify":1703496097908,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802709163","repostId":"1141267906","repostType":4,"repost":{"id":"1141267906","pubTimestamp":1627780653,"share":"https://www.laohu8.com/m/news/1141267906?lang=&edition=full","pubTime":"2021-08-01 09:17","market":"us","language":"en","title":"Cathie Wood Is Just a Start as Stock Pickers Storm the ETF World","url":"https://stock-news.laohu8.com/highlight/detail?id=1141267906","media":"Bloomberg","summary":"(Bloomberg) -- Record inflows. Record fund launches. Record assets. If active money management is in","content":"<p><img src=\"https://static.tigerbbs.com/a4418a4a4b2639ef5a68e4da556a6c1b\" tg-width=\"958\" tg-height=\"562\" width=\"100%\" height=\"auto\"></p>\n<p>(Bloomberg) -- Record inflows. Record fund launches. Record assets. If active money management is in decline, someone forgot to tell the ETF industry.</p>\n<p>Amped up by a meme-crazed market and emboldened by the success of Cathie Wood’s Ark Investment Management, stock pickers are storming the $6.6 trillion U.S. exchange-traded fund universe like never before -- adding a new twist in the 50-year invasion from passive investing.</p>\n<p>Passive funds still dominate the industry, but actively managed products have cut into that lead, scooping up three-times their share of the unprecedented $500 billion plowed into ETFs in 2021, according to data compiled by Bloomberg. New active funds are arriving at double the rate of passive rivals, and the cohort has boosted its market share by a third in a year.</p>\n<p>“Historically, people have thought about ETFs as being indexed-based,” said Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research. “Then Ark became a household name, and then investors came to realize that not only were those products worth looking at, but so were others.”</p>\n<p>None of this is supposed to happen in an industry built on the magic of indexing. Yet a market roller coaster brought on by the pandemic is helping discretionary asset managers turn ETFs to their own advantage.</p>\n<p>Equity conditions in general have become conducive to an active approach, leadership shifting in a stop-start economy, an unpredictable macro backdrop, and increased market breadth.</p>\n<p>Read more: Active Funds Crushed Equity Benchmarks in May Like Never Before</p>\n<p>At the same time, investors are showing an unusual willingness to make concentrated bets, from riding the meme-stock madness to following the kind of thematic vision laid out by Wood.</p>\n<p>They’ve poured $62 billion into active ETFs year-to-date. That’s 12% of total flows going to a slice of the market with only 4% of assets. In the rush to tap the burgeoning demand, issuers have now launched 156 actively managed products in 2021, compared with 77 passive funds.</p>\n<p>“At the end of day, the ETF is just a wrapper, it’s just a way to package and distribute an investment strategy,” said Ben Johnson, director of global ETF research at Morningstar. “More investors are getting hip to the fact that the notion of an actively-managed ETF is not an oxymoron.”</p>\n<p>Fifty-Year Battle</p>\n<p>The active surge is the latest development in a money-management battle that’s been raging since July 1971, when a team at Wells Fargo &amp; Co. created the original index fund.</p>\n<p>Today, the passive juggernaut is slashing industry costs, opening up investing to the masses and forcing discretionary traders to adapt or die. Active launches may be booming, but the bulk of cash flooding U.S. stocks is still destined for big, cheap funds that do nothing but track the market.</p>\n<p>Read more: Wall Street Surrenders to the $500 Billion ETF Rush</p>\n<p>“Active ETFs are doing better than they have in past, but passive is still king,” said James Seyffart, an ETF analyst for Bloomberg Intelligence. “A lot of that active flow in the big months from late 2020 to early 2021 is to Cathie’s funds.”</p>\n<p>Wood has become the poster child for active management in ETFs. The flagship fund at Ark was one of the best-performing in America last year with a 149% return.</p>\n<p>Inspired by this and her enticing thematic approach -- which focuses on trends like robotics or space travel rather than market segments -- investors have sunk $14.5 billion into Ark funds in 2021.</p>\n<p>Passive Attack</p>\n<p>The mini boom for active ETFs comes not a moment too soon for the stock-picking industry.</p>\n<p>Passive funds -- mutual and exchange-traded -- now manage $11 trillion and are on course to hold 50% of all registered U.S. fund assets within five years, according to BI calculations.</p>\n<p>Critics say the rapidly swelling index industry is blowing bubbles in stock markets, weakening corporate governance and more. And in some ways, it can also hit returns.</p>\n<p>Take Tesla Inc.’s entry into the S&amp;P 500 in December. While discretionary managers could buy Elon Musk’s firm in advance, index funds ended up adding it at an inflated valuation -- and were forced to offload billions of dollars in other stocks to make space in portfolios.</p>\n<p>“Index funds systematically buy high and sell low,” wrote Rob Arnott of Research Affiliates and his colleagues in a June paper. They argued investors would have been better off holding the company pushed out of the index to make way for Tesla.</p>\n<p>The main advantage stock pickers enjoy over their passive peers is more flexibility in deploying their cash. That’s something they’ve been able to bring to ETFs for years -- Wood’s first fund launched in 2014 -- but it was a rule change in 2019 that paved the way for the current jump in activity.</p>\n<p>It made launching ETFs easier, and enabled new structures that could hide the strategy underpinning a fund. That helped lure multiple major Wall Street players to the industry after years of holding out, including the likes of Wells Fargo and T. Rowe Price.</p>\n<p>Talk of discretionary management’s decline is still rampant, but the woes aren’t as bad as they may seem. Even as U.S. active funds -- mutual and ETF -- saw $209 billion exit last year, they closed 2020 with about $13.3 trillion under management. That was a 13% gain from 2019.</p>\n<p>The increase was largely thanks to rising markets, but if the current trend continues, before long it could just as easily be down to ETF growth.</p>\n<p>“We’re going to see the percentage of assets in actively-managed ETFs continue to climb higher,” said Rosenbluth at CFRA. “They’re going to continue to have the opportunity to punch above their weight.”</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>Cathie Wood Is Just a Start as Stock Pickers Storm the ETF World</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood Is Just a Start as Stock Pickers Storm the ETF World\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 09:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-just-start-stock-120000320.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Record inflows. Record fund launches. Record assets. If active money management is in decline, someone forgot to tell the ETF industry.\nAmped up by a meme-crazed market and emboldened ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-just-start-stock-120000320.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/cathie-wood-just-start-stock-120000320.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141267906","content_text":"(Bloomberg) -- Record inflows. Record fund launches. Record assets. If active money management is in decline, someone forgot to tell the ETF industry.\nAmped up by a meme-crazed market and emboldened by the success of Cathie Wood’s Ark Investment Management, stock pickers are storming the $6.6 trillion U.S. exchange-traded fund universe like never before -- adding a new twist in the 50-year invasion from passive investing.\nPassive funds still dominate the industry, but actively managed products have cut into that lead, scooping up three-times their share of the unprecedented $500 billion plowed into ETFs in 2021, according to data compiled by Bloomberg. New active funds are arriving at double the rate of passive rivals, and the cohort has boosted its market share by a third in a year.\n“Historically, people have thought about ETFs as being indexed-based,” said Todd Rosenbluth, head of ETF and mutual fund research at CFRA Research. “Then Ark became a household name, and then investors came to realize that not only were those products worth looking at, but so were others.”\nNone of this is supposed to happen in an industry built on the magic of indexing. Yet a market roller coaster brought on by the pandemic is helping discretionary asset managers turn ETFs to their own advantage.\nEquity conditions in general have become conducive to an active approach, leadership shifting in a stop-start economy, an unpredictable macro backdrop, and increased market breadth.\nRead more: Active Funds Crushed Equity Benchmarks in May Like Never Before\nAt the same time, investors are showing an unusual willingness to make concentrated bets, from riding the meme-stock madness to following the kind of thematic vision laid out by Wood.\nThey’ve poured $62 billion into active ETFs year-to-date. That’s 12% of total flows going to a slice of the market with only 4% of assets. In the rush to tap the burgeoning demand, issuers have now launched 156 actively managed products in 2021, compared with 77 passive funds.\n“At the end of day, the ETF is just a wrapper, it’s just a way to package and distribute an investment strategy,” said Ben Johnson, director of global ETF research at Morningstar. “More investors are getting hip to the fact that the notion of an actively-managed ETF is not an oxymoron.”\nFifty-Year Battle\nThe active surge is the latest development in a money-management battle that’s been raging since July 1971, when a team at Wells Fargo & Co. created the original index fund.\nToday, the passive juggernaut is slashing industry costs, opening up investing to the masses and forcing discretionary traders to adapt or die. Active launches may be booming, but the bulk of cash flooding U.S. stocks is still destined for big, cheap funds that do nothing but track the market.\nRead more: Wall Street Surrenders to the $500 Billion ETF Rush\n“Active ETFs are doing better than they have in past, but passive is still king,” said James Seyffart, an ETF analyst for Bloomberg Intelligence. “A lot of that active flow in the big months from late 2020 to early 2021 is to Cathie’s funds.”\nWood has become the poster child for active management in ETFs. The flagship fund at Ark was one of the best-performing in America last year with a 149% return.\nInspired by this and her enticing thematic approach -- which focuses on trends like robotics or space travel rather than market segments -- investors have sunk $14.5 billion into Ark funds in 2021.\nPassive Attack\nThe mini boom for active ETFs comes not a moment too soon for the stock-picking industry.\nPassive funds -- mutual and exchange-traded -- now manage $11 trillion and are on course to hold 50% of all registered U.S. fund assets within five years, according to BI calculations.\nCritics say the rapidly swelling index industry is blowing bubbles in stock markets, weakening corporate governance and more. And in some ways, it can also hit returns.\nTake Tesla Inc.’s entry into the S&P 500 in December. While discretionary managers could buy Elon Musk’s firm in advance, index funds ended up adding it at an inflated valuation -- and were forced to offload billions of dollars in other stocks to make space in portfolios.\n“Index funds systematically buy high and sell low,” wrote Rob Arnott of Research Affiliates and his colleagues in a June paper. They argued investors would have been better off holding the company pushed out of the index to make way for Tesla.\nThe main advantage stock pickers enjoy over their passive peers is more flexibility in deploying their cash. That’s something they’ve been able to bring to ETFs for years -- Wood’s first fund launched in 2014 -- but it was a rule change in 2019 that paved the way for the current jump in activity.\nIt made launching ETFs easier, and enabled new structures that could hide the strategy underpinning a fund. That helped lure multiple major Wall Street players to the industry after years of holding out, including the likes of Wells Fargo and T. Rowe Price.\nTalk of discretionary management’s decline is still rampant, but the woes aren’t as bad as they may seem. Even as U.S. active funds -- mutual and ETF -- saw $209 billion exit last year, they closed 2020 with about $13.3 trillion under management. That was a 13% gain from 2019.\nThe increase was largely thanks to rising markets, but if the current trend continues, before long it could just as easily be down to ETF growth.\n“We’re going to see the percentage of assets in actively-managed ETFs continue to climb higher,” said Rosenbluth at CFRA. “They’re going to continue to have the opportunity to punch above their weight.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":8,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164540636,"gmtCreate":1624231349625,"gmtModify":1703830859486,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164540636","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002405730,"gmtCreate":1642056196270,"gmtModify":1676533676691,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002405730","repostId":"1120104014","repostType":4,"isVote":1,"tweetType":1,"viewCount":982,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814958269,"gmtCreate":1630749866951,"gmtModify":1676530389942,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;[Observation]&nbsp;","listText":"[Observation]&nbsp;[Observation]&nbsp;","text":"[Observation] [Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/814958269","repostId":"1169514310","repostType":4,"repost":{"id":"1169514310","pubTimestamp":1630656896,"share":"https://www.laohu8.com/m/news/1169514310?lang=&edition=full","pubTime":"2021-09-03 16:14","market":"us","language":"en","title":"2 Good Reasons the Stock Market Isn’t Ready to Blow Up Yet","url":"https://stock-news.laohu8.com/highlight/detail?id=1169514310","media":"Barron's","summary":"tocks have had an impressive year so far, but there are still four months before 2021 wraps up. So w","content":"<p>tocks have had an impressive year so far, but there are still four months before 2021 wraps up. So what’s ahead? A correction? More gains? Right now, it’s easier to make the case for the rally to just keep on going.</p>\n<p>First, though, it’s understandable why investors might be nervous.</p>\n<p>TheS&amp;P 500has gained about 21% year to date, far above the historical average annual return of about 10%. And in the first eight months, the index hasn’t had a pullback of more than 5%— a correction is defined as a 10% drawdown.</p>\n<p>Still, a good run needs something to stop it—likehigher corporate taxes,which the Biden administration supports. They could shave 5% or more off projected earnings estimates for S&amp;P 500 companies. Or persistent inflation, which could cause the Federal Reserve to rapidly reduce economic support. And there are a host of other catalysts, enough to push some analyststo forecast a retreat.</p>\n<p>But who knows how long Washington might take to put a new tax structure in place, or if lawmakers even will. Or what the deal is with inflation. There has been tapering talk for a few months now, and the Fed holds firm to its wait-and-see approach.</p>\n<p>So the nature of the market’s climb in the past couple of weeks seems to be the surest, strongest sign of what’s ahead. The S&amp;P 500 is up 3% since Aug. 18, the bottom of a brief and shallow drop.</p>\n<p>“[Market] internals improved last week,” writes&nbsp;Michael Gibbs, director of equity portfolio and technical strategy at Raymond James.</p>\n<p>First off, transaction volumes are improving.</p>\n<p>In late August, the daily number of shares traded on the&nbsp;SPDR S&amp;P 500 Exchange-Traded Fund Trust(SPY) has been about 54 million, according to FactSet. That’s above just under 50 million seen in the middle of the month.</p>\n<p>The upshot: When more market participants are transacting and they are bidding prices higher, it’s a vote of confidence in the market.</p>\n<p>Secondly, the rally has been broad-based—many stocks have participated. For example, almost 80% of stocks listed on the New York Stock Exchange have been gaining, according to Raymond James.</p>\n<p>The last time that metric hit such a high was November 2020. More stocks participating in the rally means the major indexes are less dependent on one group of stocks to move higher. Plus, witheconomically sensitive stocks on a run as well,it means investors are confident in sustained economic growth ahead.</p>\n<p>So more gains or a correction? We’ve made our case, but time will tell.</p>","source":"lsy1610680873436","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 Good Reasons the Stock Market Isn’t Ready to Blow Up Yet</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 Good Reasons the Stock Market Isn’t Ready to Blow Up Yet\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-03 16:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stock-market-outlook-crash-or-rally-51630526109?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>tocks have had an impressive year so far, but there are still four months before 2021 wraps up. So what’s ahead? A correction? More gains? Right now, it’s easier to make the case for the rally to just...</p>\n\n<a href=\"https://www.barrons.com/articles/stock-market-outlook-crash-or-rally-51630526109?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.barrons.com/articles/stock-market-outlook-crash-or-rally-51630526109?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169514310","content_text":"tocks have had an impressive year so far, but there are still four months before 2021 wraps up. So what’s ahead? A correction? More gains? Right now, it’s easier to make the case for the rally to just keep on going.\nFirst, though, it’s understandable why investors might be nervous.\nTheS&P 500has gained about 21% year to date, far above the historical average annual return of about 10%. And in the first eight months, the index hasn’t had a pullback of more than 5%— a correction is defined as a 10% drawdown.\nStill, a good run needs something to stop it—likehigher corporate taxes,which the Biden administration supports. They could shave 5% or more off projected earnings estimates for S&P 500 companies. Or persistent inflation, which could cause the Federal Reserve to rapidly reduce economic support. And there are a host of other catalysts, enough to push some analyststo forecast a retreat.\nBut who knows how long Washington might take to put a new tax structure in place, or if lawmakers even will. Or what the deal is with inflation. There has been tapering talk for a few months now, and the Fed holds firm to its wait-and-see approach.\nSo the nature of the market’s climb in the past couple of weeks seems to be the surest, strongest sign of what’s ahead. The S&P 500 is up 3% since Aug. 18, the bottom of a brief and shallow drop.\n“[Market] internals improved last week,” writes Michael Gibbs, director of equity portfolio and technical strategy at Raymond James.\nFirst off, transaction volumes are improving.\nIn late August, the daily number of shares traded on the SPDR S&P 500 Exchange-Traded Fund Trust(SPY) has been about 54 million, according to FactSet. That’s above just under 50 million seen in the middle of the month.\nThe upshot: When more market participants are transacting and they are bidding prices higher, it’s a vote of confidence in the market.\nSecondly, the rally has been broad-based—many stocks have participated. For example, almost 80% of stocks listed on the New York Stock Exchange have been gaining, according to Raymond James.\nThe last time that metric hit such a high was November 2020. More stocks participating in the rally means the major indexes are less dependent on one group of stocks to move higher. Plus, witheconomically sensitive stocks on a run as well,it means investors are confident in sustained economic growth ahead.\nSo more gains or a correction? We’ve made our case, but time will tell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":306,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804685373,"gmtCreate":1627954153292,"gmtModify":1703498460712,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Smile]&nbsp;[Smile]&nbsp;","listText":"[Smile]&nbsp;[Smile]&nbsp;","text":"[Smile] [Smile]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804685373","repostId":"2155915751","repostType":4,"isVote":1,"tweetType":1,"viewCount":1,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":170994818,"gmtCreate":1626398635534,"gmtModify":1703759344735,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Miser]&nbsp;[Miser]&nbsp;","listText":"[Miser]&nbsp;[Miser]&nbsp;","text":"[Miser] [Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/170994818","repostId":"1107139193","repostType":4,"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584655084310997","authorId":"3584655084310997","name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","crmLevel":1,"crmLevelSwitch":0},"content":"Like, comment and follow me pls","text":"Like, comment and follow me pls","html":"Like, comment and follow me pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143530756,"gmtCreate":1625800100775,"gmtModify":1703748826232,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Observation]&nbsp;","listText":"[Observation]&nbsp;","text":"[Observation]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143530756","repostId":"1195657546","repostType":4,"repost":{"id":"1195657546","pubTimestamp":1625785913,"share":"https://www.laohu8.com/m/news/1195657546?lang=&edition=full","pubTime":"2021-07-09 07:11","market":"hk","language":"en","title":"Stocks making the biggest moves after hours: Levi Strauss, General Motors, Accolade and more","url":"https://stock-news.laohu8.com/highlight/detail?id=1195657546","media":"CNBC","summary":"Check out the companies making headlines after the bell Thursday:\nLevi Strauss— Shares of Levi Strau","content":"<div>\n<p>Check out the companies making headlines after the bell Thursday:\nLevi Strauss— Shares of Levi Strauss added 3.2% after the retailer crushed Wall Street expectations in itsfiscal second-quarter ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/stocks-making-the-biggest-moves-after-hours-levi-strauss-gm-accolade.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks making the biggest moves after hours: Levi Strauss, General Motors, Accolade and more</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks making the biggest moves after hours: Levi Strauss, General Motors, Accolade and more\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-09 07:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/08/stocks-making-the-biggest-moves-after-hours-levi-strauss-gm-accolade.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Check out the companies making headlines after the bell Thursday:\nLevi Strauss— Shares of Levi Strauss added 3.2% after the retailer crushed Wall Street expectations in itsfiscal second-quarter ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/stocks-making-the-biggest-moves-after-hours-levi-strauss-gm-accolade.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ACCD":"Accolade, Inc.","GM":"通用汽车","BGC":"BGC GROUP"},"source_url":"https://www.cnbc.com/2021/07/08/stocks-making-the-biggest-moves-after-hours-levi-strauss-gm-accolade.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1195657546","content_text":"Check out the companies making headlines after the bell Thursday:\nLevi Strauss— Shares of Levi Strauss added 3.2% after the retailer crushed Wall Street expectations in itsfiscal second-quarter results. Levi reported adjusted earnings of 23 cents per share on revenue of $1.28 billion. Analysts expected earnings of 9 cents per share on revenue of $1.21 billion, according to Refinitiv.\nGeneral Motors— General Motors shares gained 1.3% after Wedbush initiated coverage of the stock with an outperform rating and $85 price target. That target implies an upside of more than 51% from Thursday's close. \"CEO Mary Barra along with other key executives has led the legacy auto company back to the top of the auto industry in the United States,\" Wedbush's Dan Ives said in a note.\nPriceSmart— Shares of PriceSmart rose 2.4% in thin trading on the back of the warehouse club operator’s third-quarter earnings report. PriceSmart posted earnings of 73 cents per share, compared with a FactSet estimate of 65 cents per share expectation.\nAccolade— Accolade shares added 1.2% in low-volume trading following after the company released its latest quarterly numbers. The health-care technology company reported revenue of of $59.5 million versus analysts’ $55.8 million estimate, according to FactSet. Accolade also posted a smaller-than-expected EBITDA loss.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377603543,"gmtCreate":1619520061182,"gmtModify":1704725296764,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Hen hao~","listText":"Hen hao~","text":"Hen hao~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/377603543","repostId":"1155157199","repostType":4,"repost":{"id":"1155157199","pubTimestamp":1619494851,"share":"https://www.laohu8.com/m/news/1155157199?lang=&edition=full","pubTime":"2021-04-27 11:40","market":"us","language":"en","title":"Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.","url":"https://stock-news.laohu8.com/highlight/detail?id=1155157199","media":"Barrons","summary":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.J.P. Mo","content":"<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.</p><p>The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.&nbsp; On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.</p><p>The shares have gained 18% year to date.</p><p>Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system.&nbsp;</p><p>Microsoft breaks down its results into&nbsp;three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.</p><p>When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.</p><p>In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.</p><p>Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.</p><p>“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”</p><p>J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.</p><p>Wedbush analyst Dan Ives&nbsp;forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.</p><p>Citi analyst Tyler Radke&nbsp;last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”&nbsp;</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>Microsoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.</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\">\nMicrosoft Nears $2 Trillion Market Cap. Earnings Are Tuesday.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 11:40 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is ...</p>\n\n<a href=\"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://www.barrons.com/articles/microsoft-nears-2-trillion-market-cap-earnings-are-tuesday-51619457928?mod=hp_DAY_Theme_2_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155157199","content_text":"Wall Street is expecting Microsoft to report strong financial results when the company posts its March quarter numbers after the close of trading on Tuesday.The consensus forecast among analysts is for revenue of $41 billion, up 17% from a year ago, with profits of $1.78 a share.  On Monday, Microsoft stock set an intraday record of $262.44, leaving the stock just a modest rally away from hitting a $2 trillion valuation for the first time. To get there, the stock needs to rise to $264.55.The shares have gained 18% year to date.Analysts expect another strong quarter from the company’s Azure and Office 365 cloud businesses, and will be looking for signs of accelerating growth in its enterprise operation. Sales of Surface hardware—laptops and whiteboards—were likely strong in the quarter, given the huge recent growth in PC purchases, although there is some potential that shortages of components resulted in unfilled demand. Strength in the PC market also bodes well for sales of the Windows operating system. Microsoft breaks down its results into three segments: Productivity and Business Processes, which includes Office 365, Dynamics, and LinkedIn; Intelligence Cloud, which includes Azure and enterprise server software; and More Personal Computing, which includes Windows, Xbox, Surface hardware, and Bing.When Microsoft reported its results for its fiscal second quarter in late January,CFO Amy Hood provided revenue guidance for each segment. For Productivity and Business Processes, she projected revenue of $13.35 billion to $13.6 billion. The call for Intelligent Cloud was for revenue of $14.7 billion to $14.95 billion, while she predicted $12.3 billion to $12.7 billion for More Personal Computing. If revenue for each segment came in at the top of its forecast range, the total would be $41.25 billion.In research notes, several analysts cited positive comments from customers and resellers in projecting strong results.Last week, KeyBanc Capital’s Michael Turits repeated his Overweight rating on the stock while lifting his target for the price to $295, from $280. He says the company is likely benefiting from a combination of strong IT demand and continuing strength in PC shipments.“We continue to see Microsoft’s combination of expanding Azure scope, broad enterprise application innovation, and aggressive bundling seeing success in the market,” he wrote. “Nearly all North American Microsoft distributors/resellers we spoke with reported Microsoft channel revenue on or above plan.”J.P. Morgan analyst Mark Murphy came away from his own new survey of resellers of Microsoft products encouraged about the outlook. He says those companies’ quarterly sales of Microsoft goods came in an average of 3.3% above their expectations, driven by improving enterprise demand. He reported strength across the company’s enterprise product lines, with growth in Azure, Teams, Office 365, and security products, among other places. Murphy rates Microsoft at Overweight and has a target of $245 for the stock price.Wedbush analyst Dan Ives forecast “another masterpiece quarter,” driven by growth of at least 45% from Azure, which he thinks is taking market share from Amazon Web Services. He said the current work-from-home environment is encouraging more businesses to make strategic moves toward cloud-based operations “with Microsoft across the board with Azure growth remaining brisk.” He maintained an Outperform rating, with a target of $300 for the share price.Citi analyst Tyler Radke last week reiterated a Buy rating on Microsoft shares, lifting his price target to $302, from $292, and setting a “positive catalyst watch” on the stock ahead of the results. He wrote that a combination of a survey of resellers and channel checks made him more confident that Microsoft can propel revenue across all three primary business segments, with strength in personal computer demand from both consumers and businesses, robust upgrade activity on server software, and continued strength in Azure as a result of “continued strong enterprise consumption growth.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":21,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966906686,"gmtCreate":1669366939346,"gmtModify":1676538189567,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Good one","listText":"Good one","text":"Good one","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9966906686","repostId":"2286367274","repostType":4,"isVote":1,"tweetType":1,"viewCount":240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984341388,"gmtCreate":1667545046144,"gmtModify":1676537935448,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"Meta or.... alphabet... hmmm...&nbsp;","listText":"Meta or.... alphabet... hmmm...&nbsp;","text":"Meta or.... alphabet... hmmm...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984341388","repostId":"1169878705","repostType":2,"repost":{"id":"1169878705","pubTimestamp":1667542749,"share":"https://www.laohu8.com/m/news/1169878705?lang=&edition=full","pubTime":"2022-11-04 14:19","market":"us","language":"en","title":"Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy","url":"https://stock-news.laohu8.com/highlight/detail?id=1169878705","media":"seekingalpha","summary":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with th","content":"<html><head></head><body><h2>Summary</h2><ul><li>Both META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.</li><li>META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.</li><li>Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.</li><li>There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta&#39;s vision. Reality Labs is the most expensive, speculative &#34;build it and they will come&#34; bet in history.</li><li>In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that&#39;s expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&amp;P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.</li><li>I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.</li></ul><p><img src=\"https://static.tigerbbs.com/4fe52b994194e54b84e654197a9f5330\" tg-width=\"750\" tg-height=\"527\" referrerpolicy=\"no-referrer\"/></p><p>At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.</p><p>This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.</p><p>The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.</p><ul><li>MSFT: -8% (the next day)</li><li>GOOG: -9% (the next day)</li><li>AMZN: -23% (after hours)</li><li>META: -27% (after-hours)</li></ul><p>All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another &#34;Fed pivot&#34; hopium rally.</p><p>When some of the world&#39;s biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it&#39;s a great chance to be &#34;greedy when others are fearful.&#34;</p><p>Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company&#39;s prospects.</p><p>So let&#39;s take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.</p><p>Let&#39;s start with META, the most troubled of the FAANG stocks.</p><p>Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad King<img src=\"https://static.tigerbbs.com/94b7c077967965756e234a35664742a4\" tg-width=\"640\" tg-height=\"418\" referrerpolicy=\"no-referrer\"/></p><p>Ycharts</p><p>Mark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.</p><ul><li>META is down 78% off its record highs</li></ul><p>This was the second 20%-plus single day crash for Meta,</p><p><img src=\"https://static.tigerbbs.com/706204351d633b8db7c62d0aa7eaa395\" tg-width=\"640\" tg-height=\"341\" referrerpolicy=\"no-referrer\"/></p><p>Bloomberg</p><p>Back in February, Meta became the first company in history to lose a quarter trillion in value in a single day.</p><p>This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.</p><p>Why did Wall Street gut Meta so ferociously?</p><p>Was it Meta&#39;s struggles to grow its global user base?</p><p><img src=\"https://static.tigerbbs.com/f84447a607d2353f7986396e76143f54\" tg-width=\"640\" tg-height=\"291\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>Not really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta&#39;s platforms daily remains steady at 79%. What about sales?</p><p><img src=\"https://static.tigerbbs.com/06ac6fe99afe499d7c54249692ded889\" tg-width=\"640\" tg-height=\"300\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>While sales are down from last year, that&#39;s mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.</p><p>What about revenue per family/user?</p><p><img src=\"https://static.tigerbbs.com/c18c27bea2158ab29ea17321b73bd226\" tg-width=\"640\" tg-height=\"284\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>That&#39;s been steady for two years now, which isn&#39;t great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.</p><p><img src=\"https://static.tigerbbs.com/493c782e7fe88c7d31ccbc5c125f2a63\" tg-width=\"640\" tg-height=\"627\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>So what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?</p><p><img src=\"https://static.tigerbbs.com/4311b4965b6c8f91931fc8f2cf0e140d\" tg-width=\"640\" tg-height=\"326\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.</p><p><img src=\"https://static.tigerbbs.com/6e2cd70c06797efd8d8e30e25fdbe8da\" tg-width=\"640\" tg-height=\"305\" referrerpolicy=\"no-referrer\"/></p><p>investor presentation</p><p>META&#39;s EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.</p><p>Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.</p><p>But also because of this.</p><blockquote><b>We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.</b>Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.&#34; - Mark Zuckerberg, Q3 conference call (emphasis added)</blockquote><p>Last year META lost $10 billion on the Metaverse, and this year it&#39;s expected to lose even more. And per its CEO and founder, next year &#34;significantly more&#34; still.</p><p><img src=\"https://static.tigerbbs.com/f4e892aa9bb18f5f8d13a588dae8dd1e\" tg-width=\"640\" tg-height=\"168\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Based on Zuckerberg&#39;s comments about &#34;pacing&#34; spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.</p><p>Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue Chip</p><p>Mark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn&#39;t been a problem, even though he&#39;s been effectively the &#34;emperor&#34; of Facebook since the beginning.</p><p>But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there&#39;s no one with the credibility in META&#39;s c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.</p><p>But isn&#39;t Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?</p><p>Yes, but there&#39;s a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?</p><p><img src=\"https://static.tigerbbs.com/b8c05494f0e487fb3a61b3f300f45626\" tg-width=\"640\" tg-height=\"623\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>The potential market for VR in general is about 100 million people today and that&#39;s expected to grow to about 130 million by 2027.</p><p>META is struggling to grow its user base beyond its current 3 billion, because it&#39;s largely saturated its addressable market of Internet-0connected people around the world.</p><p>Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.</p><p><img src=\"https://static.tigerbbs.com/d11876b87180b39c2b209e00ea94ac32\" tg-width=\"640\" tg-height=\"383\" referrerpolicy=\"no-referrer\"/></p><p>Engadget</p><p>Meta&#39;s &#34;significantly higher losses&#34; in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.</p><p>META&#39;s timing on the Metaverse literally came at the worst possible time.</p><ul><li>the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.</li><li>just as the speculative tech bubble burst</li><li>and now is launching a $1500 VR headset that costs more than an iPhone during a recession</li><li>today even Apple is starting to struggle with iPhone sales</li><li>and the Quest Pro is much less useful or desirable than an iPhone</li></ul><p>And I&#39;m not the only one skeptical of Meta&#39;s giant pivot into a sci-fi future.</p><p><img src=\"https://static.tigerbbs.com/ab726475339a2554c9db03d4b123b08a\" tg-width=\"640\" tg-height=\"201\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Reality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.</p><ul><li>not exactly a thrilling level of growth</li></ul><p>That grow rate isn&#39;t expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it&#39;s expected to total $2.8 billion, just over 1% of the company&#39;s sales.</p><p>All while generating $20.3 billion in operating losses, by 2025.</p><p>Reality Labs was founded in 2021, when Meta changed its name and its mission.</p><ul><li>$79.5 billion in cumulative operating losses through 2025</li><li>with no signs of declining annual losses, much less profits</li></ul><p>Zuckerberg is either crazy or a genius, and so far all the evidence points to crazy.</p><ul><li>Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025</li></ul><p>But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can&#39;t ask customers what they want in a product, because true innovation is so revolutionary they don&#39;t know they want it.</p><blockquote><i>If I</i>had<i>asked</i>people what they wanted, they would have said faster horses.” - Henry Ford</blockquote><p>How many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.</p><p>And then gave Steve Jobs the credibility and &#34;reality distortion field&#34; to change the world with the iPhone.</p><p>In other words, truly revolutionary change requires a &#34;build it and they will come&#34; mindset. At least that&#39;s how Mark Zuckerberg is spinning his $200 billion bet.</p><p>The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.</p><p>For what&#39;s objectively a very speculative bet.</p><p>For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.</p><p>It Wasn&#39;t All Bad</p><blockquote>Our positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.</blockquote><blockquote>In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.&#34; - Morningstar</blockquote><p>META has been very badly hurt by Apple&#39;s change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.</p><p><img src=\"https://static.tigerbbs.com/f10a5a150ede879f1ebd43fb55d4fb8d\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>Statista</p><p>iPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.</p><p>META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.</p><ul><li>META most of all</li><li>GOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)</li><li>AMZN least of all because its ad-algos are mostly running on its own proprietary data</li></ul><p><img src=\"https://static.tigerbbs.com/0dd8dea4f3c18e533cf6877b3017340f\" tg-width=\"640\" tg-height=\"227\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>Meta&#39;suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don&#39;t believe the Social Media king is dying.</p><p>Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.</p><p>And<b>free cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.</b></p><p>And thanks to a much lower market cap,<b>Meta&#39;s consensus buybacks of $93 billion from 2023 to 2027</b>could buy back a lot of stock.</p><ul><li>34% of shares at current valuations</li><li>up to 10% of shares each year</li></ul><p>And what about Meta&#39;s growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?</p><table><tbody><tr><td><b>Investment Strategy</b></td><td><b>Yield</b></td><td><b>LT Consensus Growth</b></td><td><b>LT Consensus Total Return Potential</b></td><td><b>Long-Term Risk-Adjusted Expected Return</b></td><td><b>Long-Term Inflation And Risk-Adjusted Expected Returns</b></td><td><b>Years To Double Your Inflation &amp; Risk-Adjusted Wealth</b></td><td><p><b>10-Year Inflation And Risk-Adjusted Expected Return</b></p></td></tr><tr><td><b>Meta Platforms</b></td><td><b>0%</b></td><td><b>15.3%</b></td><td><b>15.3%</b></td><td><b>10.7%</b></td><td><b>8.4%</b></td><td><b>8.5</b></td><td><b>2.25</b></td></tr><tr><td>Nasdaq</td><td>0.8%</td><td>11.5%</td><td>12.3%</td><td>8.6%</td><td>6.3%</td><td>11.4</td><td>1.85</td></tr><tr><td>Schwab US Dividend Equity ETF</td><td>3.6%</td><td>8.5%</td><td>12.1%</td><td>8.4%</td><td>6.2%</td><td>11.7</td><td>1.82</td></tr><tr><td>Dividend Aristocrats</td><td>2.6%</td><td>8.5%</td><td>11.1%</td><td>7.8%</td><td>5.5%</td><td>13.1</td><td>1.71</td></tr><tr><td><b>Alphabet</b></td><td><b>0.0%</b></td><td><b>11.1%</b></td><td><b>11.1%</b></td><td><b>7.8%</b></td><td><b>5.5%</b></td><td><b>13.1</b></td><td><b>1.71</b></td></tr><tr><td>S&amp;P 500</td><td>1.8%</td><td>8.5%</td><td>10.3%</td><td>7.2%</td><td>4.9%</td><td>14.6</td><td>1.62</td></tr></tbody></table><p><i>(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)</i></p><p>Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&amp;P over time.</p><p>And that doesn&#39;t include valuation, and there&#39;s no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.</p><p>Meta Is A Screaming Buy... If You Trust Zuckerberg&#39;s Vision</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (8-Years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><p><b>12-Month Forward Fair Value</b></p></td></tr><tr><td>Earnings</td><td>26.84</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td></tr><tr><td>Average</td><td>$369.59</td><td>$224.38</td><td>$224.38</td><td>$286.92</td><td>$364.22</td><td><b>$224.38</b></td></tr><tr><td>Current Price</td><td>$94.82</td></tr><tr><td><p>Discount To Fair Value</p></td><td>74.34%</td><td>57.74%</td><td>57.74%</td><td>66.95%</td><td>73.97%</td><td><b>57.74%</b></td></tr><tr><td>Upside To Fair Value</td><td>289.78%</td><td>136.64%</td><td>136.64%</td><td>202.59%</td><td>284.12%</td><td><b>136.64%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward EPS</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$8.36</td><td>$8.36</td><td>$1.13</td><td>$7.23</td><td>$8.36</td><td><i><b>26.8</b></i></td><td><i><b>11.3</b></i></td><td><i><b>4.9</b></i></td></tr></tbody></table><p>IF META does grow at 15% over time, then historically it&#39;s worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.</p><ul><li>a bargain by even private equity standards</li></ul><p>Its PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.</p><p>Meta 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/62054bc6735d5b3012c6d1da25de4e92\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.</p><ul><li>about 6X more than the S&amp;P 500</li></ul><p>Meta 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/2b8d1f772339dbea925e58d0134800da\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet)</p><p>META has Amazon like return potential over the next five year, IF the turnaround is successful.</p><ul><li>326% consensus return potential through 2027</li><li>32% CAGR</li><li>about 7X more than the S&amp;P 500</li></ul><p>Meta Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/0937d49464fcb7f2e82aaaf59250190b\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p><i>(Source: Dividend Kings Automated Investment Decision Tool)</i></p><p>META is as close to a perfect<i>speculative</i>hyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>57% discount to fair value vs. 2% S&amp;P = 55% better valuation</b></li><li><b>almost 50% better long-term annual return potential</b></li><li><b>about 4X higher risk-adjusted expected returns</b></li></ul><p>Alphabet: One Of The World&#39;s Best Growth Blue-Chips Is Doing Just Fine</p><p>Bottom line up front, GOOG is a far safer and better run company than Meta.</p><table><tbody><tr><td><b>Company</b></td><td><b>Meta Platforms</b></td><td><b>Alphabet</b></td><td><b>META Wins</b></td><td><b>GOOG Wins</b></td></tr><tr><td>LT Growth Consensus</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>Total Return Potential</td><td><b>15.3%</b></td><td>11.1%</td><td>1</td></tr><tr><td>LT Risk-Adjusted Expected Return</td><td><b>10.7%</b></td><td>7.7%</td><td>1</td></tr><tr><td>Inflation &amp; Risk-Adjusted Expected Return</td><td><b>8.4%</b></td><td>5.5%</td><td>1</td></tr><tr><td>Years To Double</td><td><b>8.5</b></td><td>13.0</td><td>1</td></tr><tr><td>Historical Total Return</td><td>11.6%</td><td><b>19.8%</b></td><td>1</td></tr><tr><td>12-Month Consensus Total Return Potential</td><td><b>68%</b></td><td>40%</td><td>1</td></tr><tr><td>12-Month Fundamentally Justified Total Return Potential</td><td><b>137%</b></td><td>47%</td><td>1</td></tr><tr><td>5-Year Consensus Return Potential</td><td><b>29% to 45%</b></td><td>19% to 21%</td><td>1</td></tr><tr><td>Discount To Fair Value</td><td><b>57%</b></td><td>32%</td><td>1</td></tr><tr><td>Cash-Adjusted PE</td><td><b>4.9</b></td><td>9.7</td><td>1</td></tr><tr><td>DK Rating</td><td><b>Ultra Value Buy</b></td><td>Very Strong Buy</td><td>1</td></tr><tr><td>Dividend King&#39;s Automatic Investment Decision Score</td><td><b>100% A+ Excellent</b></td><td><b>100% A+ Excellent</b></td><td>1</td><td>1</td></tr><tr><td>Quality Score</td><td>84%</td><td><b>97%</b></td><td>1</td></tr><tr><td>Safety Score</td><td><b>100%</b></td><td><b>100%</b></td><td>1</td><td>1</td></tr><tr><td>Dependability Score</td><td>67%</td><td><b>94%</b></td><td>1</td></tr><tr><td>S&amp;P LT Risk Management Global Percentile</td><td>63% Above-Average, Low Risk</td><td><b>93% Exceptional (Very Low Risk)</b></td><td>1</td></tr><tr><td>Credit Rating</td><td>AA- Stable</td><td><b>AA+ Stable</b></td><td>1</td></tr><tr><td>30-Year Bankruptcy Risk</td><td>0.55%</td><td><b>0.29%</b></td><td>1</td></tr><tr><td>Return On Capital (12-Months)</td><td>46%</td><td><b>68%</b></td><td>1</td></tr><tr><td>Return On Capital Industry Percentile</td><td>60%</td><td><b>64%</b></td><td>1</td></tr><tr><td>Return On Capital (13-Year Median)</td><td>95%</td><td><b>74%</b></td><td>1</td></tr><tr><td>Return On Capital (5-Year trend)</td><td>-16%</td><td><b>-1.0%</b></td><td>1</td></tr><tr><td><b>Sum</b></td><td><b>14</b></td><td><b>11</b></td></tr></tbody></table><p><i>(Source: DK Zen Research Terminal)</i></p><p>Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.</p><p>Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.</p><p>META&#39;s AA-stable credit rating is excellent, but GOOG&#39;s AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&amp;P.</p><p>META&#39;s 68th S&amp;P long-term risk management percentile is above-average bordering on good, indicating low risk.</p><p>But GOOG&#39;s 93rd percentile risk management is exceptional, indicating a very low risk, and you don&#39;t have to worry about a CEO king who for now looks to have lost his mind.</p><p>GOOG&#39;s historical profitability is superior to META&#39;s, and its wide moat has been far more stable in recent years.</p><p><img src=\"https://static.tigerbbs.com/43f1ca84d4462833213817298e24e113\" tg-width=\"640\" tg-height=\"570\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>And YouTube, the crown jewel in GOOG&#39;s social media crown, is far more popular with young people than Facebook or Instagram.</p><p><img src=\"https://static.tigerbbs.com/0a1a3b04fa6ad74bec76f543d4b551bc\" tg-width=\"640\" tg-height=\"463\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>And unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.</p><ul><li>its #4 in Cloud Computing</li></ul><p>GOOG&#39;s &#34;other bets&#34; it&#39;s moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.</p><p>Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.</p><p>GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.</p><ul><li>100 million global VR users, not META VR users</li></ul><p><img src=\"https://static.tigerbbs.com/259efcc5572a42720a588533421b02fc\" tg-width=\"640\" tg-height=\"399\" referrerpolicy=\"no-referrer\"/></p><p>Daily Shot</p><p>GOOG Cloud is a fast growing business. It&#39;s not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.</p><p>By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.</p><p>In other words, Google Cloud is a 26% CAGR growing business that&#39;s expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.</p><p><img src=\"https://static.tigerbbs.com/46de34fc9eecf6693ab7b75e73afab83\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>IOT Analytics</p><p>And unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.</p><blockquote><b>The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020</b>, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.&#34; -Bloomberg</blockquote><p>Now in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that&#39;s 80% gaming which META is getting only a small handful off.</p><ul><li>META&#39;s market share in the Metaverse is currently 1.6%</li></ul><p>In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.</p><p>GOOG&#39;s ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.</p><p>And speaking of cash flow.</p><p><img src=\"https://static.tigerbbs.com/e44d44de216c22eb1bb6c72a5bdcb469\" tg-width=\"640\" tg-height=\"166\" referrerpolicy=\"no-referrer\"/></p><p>FactSet Research Terminal</p><p>While META&#39;s FCF is expected to get cut in half to $16 billion in 2022, GOOG&#39;s is expected to remain stable at $68 billion.</p><p>In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.</p><p>2027 FCF Consensus Forecasts:</p><ol><li>GOOG: $159 billion</li><li>AAPL: $155 billion</li><li>AMZN: $137 billion</li><li>MSFT: $101 billion</li><li>META: $43 billion</li></ol><p>And while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.</p><p>In fact, in 2027 alone GOOG&#39;s consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.</p><p>Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value Buy</p><blockquote>Alphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.&#34; - Morningstar</blockquote><p>GOOG&#39;s 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.</p><p>Nothing about GOOG&#39;s fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.</p><ul><li>GOOG is not a turnaround story (20% or less max risk cap rec)</li><li>META is a turnaround story (2.5% or less max risk cap rec)</li></ul><blockquote>YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.&#34; - Morningstar</blockquote><p>While META is struggling to compete with Tok-Tok (and losing for now), GOOG&#39;s YouTube is holding its own.</p><p>And while META&#39;s user data feed was gutted by Apple&#39;s privacy change, GOOG was barely affected at all.</p><ul><li>GMAIL has almost 2 billion global users</li><li>4.3 billion people use Google Search</li><li>GOOG has over seven services with over 1 billion users.</li></ul><p>This is how GOOG is able to replace that user data that META can&#39;t.</p><p>And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.</p><p>META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.</p><ul><li>the most passionate Metaverse advocates hate META with a passion</li><li>they view Zuckerberg&#39;s vision as a &#34;Ready Player One&#34; style dystopia</li></ul><p>So with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&amp;P.</p><p>You have a clear path to growth and far less execution risk than what META faces.</p><p>And most of all, you don&#39;t have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.</p><p>Alphabet: A Wonderful Company At A Wonderful Price</p><table><tbody><tr><td><b>Metric</b></td><td><b>Historical Fair Value Multiples (all years)</b></td><td><b>2021</b></td><td><b>2022</b></td><td><b>2023</b></td><td><b>2024</b></td><td><b>2025</b></td><td><b>12-Month Forward Fair Value</b></td></tr><tr><td>Earnings</td><td>25.79</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td></tr><tr><td>Average</td><td>$144.68</td><td>$122.76</td><td>$138.75</td><td>$163.25</td><td>$196.26</td><td><b>$136.60</b></td></tr><tr><td>Current Price</td><td>$92.11</td></tr><tr><td><p>Discount To Fair Value</p></td><td>36.34%</td><td>24.97%</td><td>33.61%</td><td>43.58%</td><td>53.07%</td><td><b>32.57%</b></td></tr><tr><td>Upside To Fair Value</td><td>57.08%</td><td>33.28%</td><td>50.64%</td><td>77.23%</td><td>113.07%</td><td><b>48.30%</b></td></tr><tr><td>2022 EPS</td><td>2023 EPS</td><td>2022 Weighted EPS</td><td>2023 Weighted EPS</td><td>12-Month Forward PE</td><td><i><b>12-Month Average Fair Value Forward PE</b></i></td><td><i><b>Current Forward PE</b></i></td><td><p><i><b>Current Forward Cash-Adjusted PE</b></i></p></td></tr><tr><td>$4.76</td><td>$5.38</td><td>$0.64</td><td>$4.66</td><td>$5.30</td><td><i><b>25.8</b></i></td><td><i><b>17.4</b></i></td><td><i><b>9.8</b></i></td></tr></tbody></table><p>GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.</p><p>Thus I&#39;m confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.</p><p>Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.</p><ul><li>a PEG of 0.88</li><li>growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management package</li></ul><p>Alphabet 2024 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/23868f3dfc1869c9442f0ad0672d2a09\" tg-width=\"640\" tg-height=\"280\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.</p><ul><li>more than 2X greater than the S&amp;P 500</li></ul><p>Alphabet 2027 Consensus Total Return Potential<img src=\"https://static.tigerbbs.com/6c3e07e1e806a11b6863540e10944c6e\" tg-width=\"640\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p>(Source: FAST Graphs, FactSet Research)</p><p>If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.</p><ul><li>Buffett-like returns from a blue-chip bargain hiding in plain sight</li><li>about 2.5X more than the S&amp;P 500</li><li><b>19% to 21% CAGR consensus return potential range</b></li></ul><p>GOOG Corp Investment Decision Tool<img src=\"https://static.tigerbbs.com/4e9bd4292ef2e7e5731cd633b4998777\" tg-width=\"640\" tg-height=\"248\" referrerpolicy=\"no-referrer\"/></p><p>DK</p><p><img src=\"https://static.tigerbbs.com/6470c914e395e501c75702109cc80d34\" tg-width=\"640\" tg-height=\"314\" referrerpolicy=\"no-referrer\"/></p><p>(Source: Dividend Kings Automated Investment Decision Tool)</p><p>GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&amp;P 500.</p><ul><li><b>32% discount to fair value vs. 2% S&amp;P = 30% better valuation</b></li><li><b>10% better long-term annual return potential (but with far better safety, quality, and risk-management)</b></li><li><b>about 2X higher risk-adjusted expected returns</b></li></ul><p>Bottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy Today</p><p>META has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.</p><p>I&#39;m personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.</p><p>That&#39;s why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).</p><p>In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.</p><p>It&#39;s 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.</p><p>And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.</p><p>Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I&#39;m a lot more confident that GOOG won&#39;t just meet growth forecasts, but potentially exceed them by a wide margin.</p><p>With META? Well, it&#39;s ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of &#34;if you build it they will come.&#34; I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.</p></body></html>","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>Meta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy</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\">\nMeta And Alphabet: Both Are Screaming Bargains, But One Is The Smarter Buy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-04 14:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms","GOOGL":"谷歌A"},"source_url":"https://seekingalpha.com/article/4551990-meta-alphabet-are-bargains-but-one-is-smarter-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1169878705","content_text":"SummaryBoth META and GOOG have been crushed in recent weeks, as advertising has slowed along with the economy.META is 57% historically undervalued, trading at just 4.9X cash-adjusted earnings and a PEG of 0.32. It could deliver almost 60% annual returns through 2027, if Zuckerberg can deliver the expected growth.Mark Zuckerberg has 55% voting power and is effectively the king of Meta, and no one on earth can stop him from spending $180 billion on the Metaverse.There are currently 100 million VR users, spending $500 billion in the global metaverse. META has 1.6% market share and very few people are embracing Meta's vision. Reality Labs is the most expensive, speculative \"build it and they will come\" bet in history.In contrast, GOOG is a global advertising dynamo with a 26% growing cloud business that's expected to be generating $9 billion in operating profit by 2027, years before Realty Labs MIGHT break even. GOOG is an AA-rated, Ultra SWAN (sleep well at night) blue-chip with 93rd percentile risk management according to S&P. META has the potential for 4X returns in 5 years, but GOOG could nearly triple, and deliver 21% annual returns. Even though META and GOOG are both screaming buys, I consider GOOG the safer, less speculative, and smarter buy right now.I do much more than just articles at The Dividend Kings: Members get access to model portfolios, regular updates, a chat room, and more.At some point, big tech was bound to start missing earnings, having grown too large to be immune from a slowing economy.This earnings season that proved to be the case, with Microsoft (MSFT), Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL), Meta (NASDAQ:META) and Amazon (AMZN), all disappointing on earnings and/or guidance.The results for the stock prices were ferocious and swift. Here were the peak declines right after missing earnings, including after hours.MSFT: -8% (the next day)GOOG: -9% (the next day)AMZN: -23% (after hours)META: -27% (after-hours)All told $360 billion in market cap were wiped out last week, and the number would have been much larger had it not been for a two week bear market rally driven by technicals including yet another \"Fed pivot\" hopium rally.When some of the world's biggest and best blue chips collapse, it naturally causes many investors to wonder if the investment thesis is broken or if it's a great chance to be \"greedy when others are fearful.\"Several DK members have requested updates on these blue chips so today I want to take a look at META and GOOG to provide the best and most up-to-date fundamentals-focused analysis of each company's prospects.So let's take a look at the good, bad, and ugly for META and GOOG to see why META might possibly be broken, while GOOG can still make you rich.Let's start with META, the most troubled of the FAANG stocks.Meta Platforms: A Potentially Wonderful Company At The Mercy Of A Mad KingYchartsMark Zuckerberg holds the title as the person responsible, at least in large part, for the second greatest decline in investor wealth in history, an impressive $800 billion.META is down 78% off its record highsThis was the second 20%-plus single day crash for Meta,BloombergBack in February, Meta became the first company in history to lose a quarter trillion in value in a single day.This time the decline was about $60 billion owing to Meta having fallen to a $300 billion market cap.Why did Wall Street gut Meta so ferociously?Was it Meta's struggles to grow its global user base?investor presentationNot really. Total users are growing at a slow pace, but still growing and the percent of monthly users who are using Meta's platforms daily remains steady at 79%. What about sales?investor presentationWhile sales are down from last year, that's mostly due to the overall pullback in advertising spend and Q3 revenue was stable compared to Q1 and Q2.What about revenue per family/user?investor presentationThat's been steady for two years now, which isn't great in terms of sales growth. But again, part of that is from the fact that global advertising is struggling right now.Daily ShotSo what caused the market to freak out over META and send shares down as much as 27% in a matter of hours?investor presentationMETA has a big spending problem, almost doubling its growth spending on Reality Labs, its massive 10-year bet on the Metaverse.investor presentationMETA's EPS has been hammered by spending at Reality Labs, and is now expected to decline 34% in 2022 and another 15% in 2023.Why? Partially due to the 2023 recession the bond market now considers a 100% certainty.But also because of this.We do anticipate that Reality Labs operating losses in 2023 will grow significantly year-over-year.Beyond 2023, we expect to pace Reality Labs investments such that we can achieve our goal of growing overall company operating income in the long run.\" - Mark Zuckerberg, Q3 conference call (emphasis added)Last year META lost $10 billion on the Metaverse, and this year it's expected to lose even more. And per its CEO and founder, next year \"significantly more\" still.FactSet Research TerminalBased on Zuckerberg's comments about \"pacing\" spending beyond 2023 analysts expect capex to remain elevated by about 2X compared to before Meta changed its name and went all in on the Metaverse.Mark Zuckerberg: The Mad King Is The Biggest Reason Meta Is A Speculative Blue ChipMark Zuckerberg holds 55% of voting power at META, thanks to his class B shares. Until now, that hasn't been a problem, even though he's been effectively the \"emperor\" of Facebook since the beginning.But now that former COO Sheryl Sandberg, who built the META ad model into a free cash flow minting machine, has left? Well, it appears there's no one with the credibility in META's c-suite to stand up to the mad king and his potentially disastrous $100-plus billion boondoggle.But isn't Zuckerberg a visionary? A mad genius who turned a simple and what many thought was a stupid idea into a formerly $1.1 trillion company?Yes, but there's a fine line between genius and madness and Zuckerberg is potentially on the wrong side of it. Why?StatistaThe potential market for VR in general is about 100 million people today and that's expected to grow to about 130 million by 2027.META is struggling to grow its user base beyond its current 3 billion, because it's largely saturated its addressable market of Internet-0connected people around the world.Zuckerberg has a grand vision of a Meta, controlled Metaverse, a digital world in which we all wear VR goggles and live second lives online.EngadgetMeta's \"significantly higher losses\" in Reality Labs next year is due to launching the Quest Pro, a $1,500 VR headset that costs 5X more than the Quest 2 headset.META's timing on the Metaverse literally came at the worst possible time.the company pivoted to massive spending on new and untested tech that it admits might not make money for 10 years.just as the speculative tech bubble burstand now is launching a $1500 VR headset that costs more than an iPhone during a recessiontoday even Apple is starting to struggle with iPhone salesand the Quest Pro is much less useful or desirable than an iPhoneAnd I'm not the only one skeptical of Meta's giant pivot into a sci-fi future.FactSet Research TerminalReality Labs revenue was about $721 million in 2021 and growing at 9% annually in recent years.not exactly a thrilling level of growthThat grow rate isn't expected to improve until 2025, and even by 2027, when Metaverse revenue is expected to double, it's expected to total $2.8 billion, just over 1% of the company's sales.All while generating $20.3 billion in operating losses, by 2025.Reality Labs was founded in 2021, when Meta changed its name and its mission.$79.5 billion in cumulative operating losses through 2025with no signs of declining annual losses, much less profitsZuckerberg is either crazy or a genius, and so far all the evidence points to crazy.Potentially $180 to $200 billion in Metaverse losses by 2030 if they keep burning $20 billion after 2025But what if Zuckerberg is a Steve Jobs style genius? Jobs famously said that you often can't ask customers what they want in a product, because true innovation is so revolutionary they don't know they want it.If Ihadaskedpeople what they wanted, they would have said faster horses.” - Henry FordHow many people were excited about the iPod when it was introduced in 2001? It was just a better, sleeker, and cooler MP3 player. And yet it transformed Apple into a cash flow machine.And then gave Steve Jobs the credibility and \"reality distortion field\" to change the world with the iPhone.In other words, truly revolutionary change requires a \"build it and they will come\" mindset. At least that's how Mark Zuckerberg is spinning his $200 billion bet.The difference between Zuckerberg and Henry Ford and Steve Jobs is that neither of them risked even a fraction of the money Zuckerberg is planning on.For what's objectively a very speculative bet.For every 10 mad geniuses trying to change the world with their inventions, nine of them fail. And none of them have ever had the resources or power of Mark Zuckerberg, the mad king of Facebook.It Wasn't All BadOur positive takeaways from Meta’s results were that the network effect remains intact given the firm’s encouraging user count and engagement metrics, which we think position Meta to accelerate revenue growth in late 2023, with the assumption that macro uncertainty eases.In addition, Reels is creating incremental engagement time per user and has also displayed early signs of high monetization potential. Plus, the firm continues to invest in enhancing its ad measurement capabilities while adding new advertising options for businesses, which we think will further drive a turnaround.\" - MorningstarMETA has been very badly hurt by Apple's change in private policy, which automatically blocks data tracking unless users specifically opt-in. Just 25% of iOS users have opted in and that number appears to be stable but not improving.StatistaiPhone has 55% market share in the US, the most lucrative digital ad market in the world. This means that with this single privacy policy change, social media companies saw their user data collapse by 42% and it might never be coming back.META, GOOG, and AMZN are the three giants of digital advertising, and each one is hurt to a different degree by this privacy policy change.META most of allGOOG less so because it has alternative data sources (more than 7 services with over 1 billion global users)AMZN least of all because its ad-algos are mostly running on its own proprietary dataFactSet Research TerminalMeta'suser baseis expected to grow slowly over time, but the 58 analysts that cover META (more than any other company on Wall Street) don't believe the Social Media king is dying.Average revenue per user is also expected to recover once the recession is over, though grow by just a modest 15% by 2025.Andfree cash flow, which has been cut in half in the last 12 months, is expected to nearly triple to $43 billion by 2027.And thanks to a much lower market cap,Meta's consensus buybacks of $93 billion from 2023 to 2027could buy back a lot of stock.34% of shares at current valuationsup to 10% of shares each yearAnd what about Meta's growth prospects after it gets past the 2023 recession and this painful pivot to the Metaverse?Investment StrategyYieldLT Consensus GrowthLT Consensus Total Return PotentialLong-Term Risk-Adjusted Expected ReturnLong-Term Inflation And Risk-Adjusted Expected ReturnsYears To Double Your Inflation & Risk-Adjusted Wealth10-Year Inflation And Risk-Adjusted Expected ReturnMeta Platforms0%15.3%15.3%10.7%8.4%8.52.25Nasdaq0.8%11.5%12.3%8.6%6.3%11.41.85Schwab US Dividend Equity ETF3.6%8.5%12.1%8.4%6.2%11.71.82Dividend Aristocrats2.6%8.5%11.1%7.8%5.5%13.11.71Alphabet0.0%11.1%11.1%7.8%5.5%13.11.71S&P 5001.8%8.5%10.3%7.2%4.9%14.61.62(Sources: DK Research Terminal, FactSet, Ycharts, Morningstar)Analysts remain bullish on META, far more so than Alphabet in fact, expecting META to potentially deliver 15.3% long-term returns while GOOG is expected to match the aristocrats and modestly beat the S&P over time.And that doesn't include valuation, and there's no question that at 4.9X cash adjusted trough 2023 earnings, META is trading at a fire sale price.Meta Is A Screaming Buy... If You Trust Zuckerberg's VisionMetricHistorical Fair Value Multiples (8-Years)2021202220232024202512-Month Forward Fair ValueEarnings26.84$369.59$224.38$224.38$286.92$364.22Average$369.59$224.38$224.38$286.92$364.22$224.38Current Price$94.82Discount To Fair Value74.34%57.74%57.74%66.95%73.97%57.74%Upside To Fair Value289.78%136.64%136.64%202.59%284.12%136.64%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward EPS12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$8.36$8.36$1.13$7.23$8.3626.811.34.9IF META does grow at 15% over time, then historically it's worth about 27X earnings and today it trades at 11.3, and just 4.9X cash-adjusted earnings.a bargain by even private equity standardsIts PEG ratio is 0.32, hyper-growth (potentially) at an absurdly wonderful price.Meta 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet)If META can grow as expected and return to market-determined fair value consistent with its expected growth rate, then within two years it could nearly triple, delivering 63% annual returns.about 6X more than the S&P 500Meta 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet)META has Amazon like return potential over the next five year, IF the turnaround is successful.326% consensus return potential through 202732% CAGRabout 7X more than the S&P 500Meta Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)(Source: Dividend Kings Automated Investment Decision Tool)META is as close to a perfectspeculativehyper-growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.57% discount to fair value vs. 2% S&P = 55% better valuationalmost 50% better long-term annual return potentialabout 4X higher risk-adjusted expected returnsAlphabet: One Of The World's Best Growth Blue-Chips Is Doing Just FineBottom line up front, GOOG is a far safer and better run company than Meta.CompanyMeta PlatformsAlphabetMETA WinsGOOG WinsLT Growth Consensus15.3%11.1%1Total Return Potential15.3%11.1%1LT Risk-Adjusted Expected Return10.7%7.7%1Inflation & Risk-Adjusted Expected Return8.4%5.5%1Years To Double8.513.01Historical Total Return11.6%19.8%112-Month Consensus Total Return Potential68%40%112-Month Fundamentally Justified Total Return Potential137%47%15-Year Consensus Return Potential29% to 45%19% to 21%1Discount To Fair Value57%32%1Cash-Adjusted PE4.99.71DK RatingUltra Value BuyVery Strong Buy1Dividend King's Automatic Investment Decision Score100% A+ Excellent100% A+ Excellent11Quality Score84%97%1Safety Score100%100%11Dependability Score67%94%1S&P LT Risk Management Global Percentile63% Above-Average, Low Risk93% Exceptional (Very Low Risk)1Credit RatingAA- StableAA+ Stable130-Year Bankruptcy Risk0.55%0.29%1Return On Capital (12-Months)46%68%1Return On Capital Industry Percentile60%64%1Return On Capital (13-Year Median)95%74%1Return On Capital (5-Year trend)-16%-1.0%1Sum1411(Source: DK Zen Research Terminal)Meta is the better value, BUT only if you are comfortable with its speculative nature and risk profile.Mad king Mark is running the show and if he wants to run it straight into the ground you have no say in the matter.META's AA-stable credit rating is excellent, but GOOG's AA+ stable rating is slightly better, with just 0.29% 30-year bankruptcy risk according to S&P.META's 68th S&P long-term risk management percentile is above-average bordering on good, indicating low risk.But GOOG's 93rd percentile risk management is exceptional, indicating a very low risk, and you don't have to worry about a CEO king who for now looks to have lost his mind.GOOG's historical profitability is superior to META's, and its wide moat has been far more stable in recent years.Daily ShotAnd YouTube, the crown jewel in GOOG's social media crown, is far more popular with young people than Facebook or Instagram.FactSet Research TerminalAnd unlike META, which is 100% reliant on advertising, GOOG is a far more diversified company.its #4 in Cloud ComputingGOOG's \"other bets\" it's moonshot programs, are expected to have $2.8 billion in sales in 2027, just like Reality Labs. The only difference is that GOOG spends about $3.2 billion annually on other bets, and that part of the GOOG empire could be worth$50 billion.Or to put it another way, META is spending 4X as much money on Reality Labs as GOOG is on Other Bets, and GOOG plans to cut back on that spending in the next year. META plans to increase its spending by about 20%.GOOG has so far lost $27 billion on Other Bets, searching for its next world-beater business. META plans to potentially lose $200 billion or 8X as much, on Reality Labs, and for a business model that so far only 100 million people say they are interested in using.100 million global VR users, not META VR usersDaily ShotGOOG Cloud is a fast growing business. It's not yet profitable but is expected to become profitable in 2025, a year when META is expected to lose over $20 billion on Reality Labs.By 2027 analysts expect Google Cloud to be generating $76 billion in sales (vs $2.8 billion for Reality Labs) and converting that into $9.3 billion in operating income.In other words, Google Cloud is a 26% CAGR growing business that's expected to be minting money far faster than Reality Labs, assuming the Metaverse ever achieves profitability for META.IOT AnalyticsAnd unlike the Metaverse which is expected to have 130 million users (maybe) by 2027, cloud computing is a proven industry, growing at 15% per year and which could become a $2 trillion to $10 trillion industry by 2030.The global Metaverse revenue opportunity could approach $800 billion in 2024 vs. about $500 billion in 2020, based on our analysis and Newzoo, IDC, PWC, Statista and Two Circles data. The primary market for online game makers and gaming hardware may exceed $400 billion in 2024 while opportunities in live entertainment and social media make up the remainder.\" -BloombergNow in fairness to Mr. Zuckerberg and fans of the Metaverse, the Metaverse is already a $500 billion global market. But that's 80% gaming which META is getting only a small handful off.META's market share in the Metaverse is currently 1.6%In other words, with Alphabet the big growth driver is a 26% growing business in a bigger and proven model.GOOG's ability to generate meaningful cash flow from cloud is not speculative, just look at how AWS and Azure are minting money for AMZN and MSFT.And speaking of cash flow.FactSet Research TerminalWhile META's FCF is expected to get cut in half to $16 billion in 2022, GOOG's is expected to remain stable at $68 billion.In 2027 META is expected to generate a solid $43 billion in FCF. But GOOG is expected to generate $159 billion, the most in human corporate history.2027 FCF Consensus Forecasts:GOOG: $159 billionAAPL: $155 billionAMZN: $137 billionMSFT: $101 billionMETA: $43 billionAnd while META is expected to buy back a very healthy $93 billion in stock in the coming years, GOOG is expected to spend $365 billion between 2023 and 2027.In fact, in 2027 alone GOOG's consensus buybacks of $92 billion is as much as analysts expect META to spend over the next four years combined.Alphabet Valuation: Potentially A Very Strong Buy And Close To An Ultra Value BuyAlphabet reported disappointing third-quarter results as revenue growth decelerated further, driven by the stronger dollar and economic uncertainty, which is increasing hesitancy in ad spending. Assuming less uncertainty in the macroeconomic environment, plus the monetization of YouTube Shorts, we expect advertising revenue growth to return to double-digit levels in 2023. Unlike advertising, the cloud business maintained impressive growth.\" - MorningstarGOOG's 9% plunge post-earnings was purely for cyclical reasons, nothing to do with its core business. Advertisers are pulling back due to the slowing economy and coming recession.Nothing about GOOG's fundamental core business is broken, unlike META which has chosen to make a $200 billion speculative pivot.GOOG is not a turnaround story (20% or less max risk cap rec)META is a turnaround story (2.5% or less max risk cap rec)YouTube Shorts has already reached 1.5 billion monthly active viewers, reducing fears that Tok-Tok is hurting the business. With the strong network effect present on YouTube, the strength of Google search, and the firm’s ad-tech powered measuring capabilities, Google’s ad revenue miss wasn’t significantly due to Apple privacy changes either.\" - MorningstarWhile META is struggling to compete with Tok-Tok (and losing for now), GOOG's YouTube is holding its own.And while META's user data feed was gutted by Apple's privacy change, GOOG was barely affected at all.GMAIL has almost 2 billion global users4.3 billion people use Google SearchGOOG has over seven services with over 1 billion users.This is how GOOG is able to replace that user data that META can't.And the more Google Cloud grows, the more data of all kinds it will have to improve its algorithms even faster.META has no plans for cloud computing, and no way to increase its user data feed, unless everyone buys into its Metaverse vision.the most passionate Metaverse advocates hate META with a passionthey view Zuckerberg's vision as a \"Ready Player One\" style dystopiaSo with GOOG you have a more diversified and better run business, with far better long-term risk-management according to S&P.You have a clear path to growth and far less execution risk than what META faces.And most of all, you don't have a single person who reigns over the company as a potentially mad god king who no one can stop from running into the ground, which is the largest risk to META today.Alphabet: A Wonderful Company At A Wonderful PriceMetricHistorical Fair Value Multiples (all years)2021202220232024202512-Month Forward Fair ValueEarnings25.79$144.68$122.76$138.75$163.25$196.26Average$144.68$122.76$138.75$163.25$196.26$136.60Current Price$92.11Discount To Fair Value36.34%24.97%33.61%43.58%53.07%32.57%Upside To Fair Value57.08%33.28%50.64%77.23%113.07%48.30%2022 EPS2023 EPS2022 Weighted EPS2023 Weighted EPS12-Month Forward PE12-Month Average Fair Value Forward PECurrent Forward PECurrent Forward Cash-Adjusted PE$4.76$5.38$0.64$4.66$5.3025.817.49.8GOOG has historically been valued by billions of investors at about 26X earnings, even when it was growing at 4%.Thus I'm confident that GOOG growing at 11% (those estimates might increase post-recession) is still worth about 26X earnings.Today GOOG trades at 17.4X earnings, but just 9.8X cash-adjusted earnings.a PEG of 0.88growth at a reasonable price, and in an AA-rated Ultra-SWAN quality 93rd percentile risk management packageAlphabet 2024 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected and returns to historical fair value, it could deliver 73% returns, or 29% CAGR.more than 2X greater than the S&P 500Alphabet 2027 Consensus Total Return Potential(Source: FAST Graphs, FactSet Research)If GOOG grows as expected through 2027 it could deliver 165% total returns, or 21% CAGR.Buffett-like returns from a blue-chip bargain hiding in plain sightabout 2.5X more than the S&P 50019% to 21% CAGR consensus return potential rangeGOOG Corp Investment Decision ToolDK(Source: Dividend Kings Automated Investment Decision Tool)GOOG is as close to a perfect growth blue-chip opportunity as exists on Wall Street for anyone comfortable with its risk profile. Look at how it compares to the S&P 500.32% discount to fair value vs. 2% S&P = 30% better valuation10% better long-term annual return potential (but with far better safety, quality, and risk-management)about 2X higher risk-adjusted expected returnsBottom Line: Both META And Alphabet Are Screaming Bargains But The Mad King Zuckerberg Makes GOOG The Smarter, Safer, And Less Speculative Buy TodayMETA has become cheap for a good reason, the speculative turnaround plan that CEO/King Zuckerberg has doubled down on.I'm personally skeptical that Reality Labs will pay off big, and expect that META will pivot and significantly reduce its spending plans on the Metaverse.That's why I still own the stock, though just a 1% position (2.5% OR LESS is the max recommended position size).In contrast, GOOG, while not as undervalued, is also a higher-quality, more diversified, and stronger company in terms of balance sheet and free cash flow generation.It's 93rd percentile risk management and AA+ stable credit rating are a testament to it being one of the greatest world-beaters in existence.And with its big growth plan being Google Cloud, a 26% growing business with a $2 trillion addressable market and clear path to profitability, I consider GOOG the safer, less speculative, and smarter investment today.Both META and GOOG could make you Buffett-like returns over the next five years, if they grow as expected. But with GOOG I'm a lot more confident that GOOG won't just meet growth forecasts, but potentially exceed them by a wide margin.With META? Well, it's ride or die with mad king Zuckerberg, and his Ford/Jobs like strategy of \"if you build it they will come.\" I join with all META shareholders in hoping that king Zuckerberg will spend a lot less than $180 billion on testing his theory and bringing his vision to life.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9052595411,"gmtCreate":1655192249533,"gmtModify":1676535578572,"author":{"id":"3570689023160998","authorId":"3570689023160998","name":"再等等吧","avatar":"https://static.tigerbbs.com/534b01f4d9f64217e12e115de2fef0e1","crmLevel":2,"crmLevelSwitch":0},"themes":[],"htmlText":"[Speechless]&nbsp;[Speechless]&nbsp;","listText":"[Speechless]&nbsp;[Speechless]&nbsp;","text":"[Speechless] [Speechless]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9052595411","repostId":"1199952964","repostType":2,"isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0},"content":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓","text":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓","html":"Thanks for leaving a comment in my post, appreciate it loads 🤗 Do check out other posts on my homepage & please help to like, many thanks 🤓"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}