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2021-02-17

The ev craze continues. Soon there will be no more ICE vehicles

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2021-02-10

TLDR : ???????

GameStop Revives Fights Over Stock Tax, HFT Firms Buying Orders

2021-02-09

Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more stable. Anyways, please comment and like for likesand follow back thanks!

Tencent bolsters defenses for core businesses as ByteDance muscles into its turf

2021-02-06

Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)

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2021-02-05

What a ride it was the last week. But is the show over though??

The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America

2021-02-16

What is that supposed to mean? Comment and like back please.Sent from my iPhone.

Sell Apple And Buy Alphabet Lookback: Why Valuation Matters

2021-02-04

Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.

Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO

2021-02-10

Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends

Follow Warren Buffett Dividend Dogs For February

2021-02-05

$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe

Why has the stock price of small electric vehicles soared recently?

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ev craze continues. Soon there will be no more ICE vehicles","listText":"The ev craze continues. Soon there will be no more ICE vehicles","text":"The ev craze continues. Soon there will be no more ICE vehicles","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385501854","repostId":"2112833386","repostType":4,"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382257733,"gmtCreate":1613457197122,"gmtModify":1704880661193,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","listText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","text":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382257733","repostId":"1136473777","repostType":4,"repost":{"id":"1136473777","kind":"news","pubTimestamp":1613454751,"share":"https://ttm.financial/m/news/1136473777?lang=&edition=fundamental","pubTime":"2021-02-16 13:52","market":"us","language":"en","title":"Sell Apple And Buy Alphabet Lookback: Why Valuation Matters","url":"https://stock-news.laohu8.com/highlight/detail?id=1136473777","media":"seekingalpha","summary":"Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Last August, I advocated selling Apple and buying Alphabet.&nbsp; The thesis was based upon the underlying comparative valuation story.</li>\n <li>Six months later, since touching $500, AAPL investors gained 8.6 percent.&nbsp;Buying GOOGL at $1503 yielded a 39 percent return.</li>\n <li>It's a tale of two tremendous U.S. companies; within their respective industries, probably the best in show.</li>\n <li>But the best in show doesn't mean the stock is a buy at any price.</li>\n</ul>\n<p>About six months ago, Seeking Alpha editors published an article I wrote entitled, “Sell Apple and Buy Alphabet.” It generated considerable reader interest.</p>\n<p>This is a follow-up article.</p>\n<p><b>Background</b></p>\n<p>In mid-August 2020, I scaled out of Apple (AAPL) stock and used the proceeds to purchase Alphabet (GOOGL)(GOOG).</p>\n<p>I closed the Apple position at $500 a share, or the equivalent of $125 post 4-for-1 split.</p>\n<p><img src=\"https://static.tigerbbs.com/c18c992c1d907ff123ab690092462412\" tg-width=\"311\" tg-height=\"180\" referrerpolicy=\"no-referrer\"></p>\n<p>I believed $500 a share was just too rich for the stock. To be fair, I also sold some Apple shares in June, at lower prices. But the premise of the article was Apple Inc. at $500 a share was just too rich. The underlying fundamentals didn't support it. So I pulled the plug on a position first opened in 2010. The stock was held in a tax-deferred account.</p>\n<p>Meanwhile, I took the AAPL proceeds and doubled my position in Alphabet.</p>\n<p><img src=\"https://static.tigerbbs.com/80dea63522140afe3123212127a06309\" tg-width=\"295\" tg-height=\"153\" referrerpolicy=\"no-referrer\"></p>\n<p>I purchased shares between the middle of August and the first few days of October. The average bid price on the incremental position was $1503.</p>\n<p><b>Subsequent Price Action</b></p>\n<p>Now I will be the first to tell you six months doesn't prove a thesis definitively. As an investor (versus a trader or speculator), I generally hold a stock for at least 18 months. Through experience, I've found this to be the minimum amount of time I like to hold a stock in order to give an original investment thesis the \"chance to be right.” Exceptions are cases whereby the original investment thesis is busted. If that happens, I don't wait and hope for things to change. I get out. Alternatively, if a stock runs up much too far, too fast, I may also exit a position early.</p>\n<p>Nonetheless, the six-month return delta between AAPL and GOOGL is so stark it seems a reasonable call out.</p>\n<p>Since I sold the balance of my AAPL stock, the price improved from split-adjusted $124.99 to $135.40. That's an 8.3% increase in six months. Including two dividend payments, the total return would have been 8.6 percent. That's not bad.</p>\n<p>On the other hand, GOOGL shares moved from $1503 (my aggregate purchase price) to $2095.<b>That's a 39% gain.</b></p>\n<p>The upshot isn't to point out making a good six-month call. It's to evaluate the decision-making process behind the call, then plot a path forward.</p>\n<p><b>Apple Shares Were Dear And Remain Dear</b></p>\n<p>In August 2020, my contention was AAPL prices got way ahead of the fundamentals.</p>\n<p>At the time, fiscal year 3Q 2020 (period ending June 30) corporate cash flow was up sharply. Apple Services revenue and margins were advancing nicely, but Apple Products margins were sagging. The Street forecast $15.02 ($3.76 split-adjusted) EPS for 2020 fiscal year, and $18.09 ($4.52 split-adjusted) operating cash flow per share.</p>\n<p>Shares were trading at over 35x earnings, and 26x cash flow.</p>\n<p>Now, with the benefit of two additional quarters behind us, we find the full-year EPS came in at $3.26 and cash flow at $4.60 per share: earnings results were light, and cash flow recorded a modest beat.</p>\n<p>Adding in an additional set of quarterly results (for the period ending 12/31/20), shares now trade at 37x trailing earnings, and 27x cash flow.</p>\n<p>The long-term P/E and P/OCF multiples have been ~16x and 12x, respectively.</p>\n<p>Therefore, while registering an 8.6% total return since mid-August, AAPL shares now appear even MORE overvalued than before.</p>\n<p>Two F.A.S.T. Graphs illustrate the foregoing:</p>\n<p><img src=\"https://static.tigerbbs.com/13c306c732836423e10bfbb5506e6fa9\" tg-width=\"640\" tg-height=\"421\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/56f9f7cb3aded328606c6f289f6cddc9\" tg-width=\"640\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p>\n<p>For a good growth stock, it's customary to look at forward EPS. Based upon current Street estimates, Apple Inc. is trading at 30x this years' EPS, and 25x cash flow. These multiples are still far above the long-term average.</p>\n<p>Note I selected charts whereby the actual long-term growth rates approximate the current expected two-year forward growth rates.</p>\n<p><b>Alphabet Stock Is No Longer A Bargain</b></p>\n<p>Meanwhile, back in August 2020, analysts were setting up Alphabet investors for an off year. The COVID-related economic slowdown certainly affected the business: primarily Google advertising revenue.</p>\n<p>Alphabet met or exceeded 2Q and first-half 2020 numbers; however, revenue, margins, and operating income were contracting.</p>\n<p>Back in August, analysts called for full-year (ending December 31) EPS and cash flow per share to be $44.61 and $78.02, respectively. The Street expected declining year-over-year figures.</p>\n<p>GOOGL shares were trading at 33x EPS, and under 20x operating cash flow. The long-term trimmed averages were 28x and 22x. The earnings multiple indicated approximate Fair Value, while the shares were inexpensive on cash flow.</p>\n<p>So what happened?</p>\n<p>Indeed, Alphabet's numbers rebounded faster than expected. The Street underestimated the snap-back.</p>\n<p>But the real story was valuation.</p>\n<p>GOOGL posted full-year EPS and cash flow per share figures of $58.61 and $88.82, thereby stomping Street consensus.</p>\n<p>Currently, Alphabet shares now trade at 36x trailing earnings and 24x cash flow.</p>\n<p>Long-term P/E and P/OCF multiples are 26x and 19x, respectively.</p>\n<p>Another pair of F.A.S.T. Graphs paint the picture:</p>\n<p><img src=\"https://static.tigerbbs.com/6960a587ee820131fd170fb115522b71\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c3dd7944fc66f878f6a50d4e2f6260ed\" tg-width=\"640\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p>On a forward basis, GOOGL is trading at 30x EPS and 18x operating cash flow.</p>\n<p>Indeed, after the big run-up, Alphabet stock has gone from fairly valued / inexpensive to fairly valued / moderately overvalued.</p>\n<p><b>Summing It Up</b></p>\n<p>Here's a recap summary table comparing Apple and Alphabet valuation metrics today versus August 2020:</p>\n<p><b>Apple versus Alphabet Valuation Summary</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><i><b>Apple (Feb '21)</b></i></p></td>\n   <td><p><i><b>Apple (August '20)</b></i></p></td>\n   <td><p><i><b>Alphabet (Feb '21)</b></i></p></td>\n   <td><p><i><b>Alphabet (August '20)</b></i></p></td>\n  </tr>\n  <tr>\n   <td><p>Blended P/E</p></td>\n   <td><p>36.5x</p></td>\n   <td><p>35.6x</p></td>\n   <td><p>35.0x</p></td>\n   <td><p>32.8x</p></td>\n  </tr>\n  <tr>\n   <td><p>Historical P/E*</p></td>\n   <td><p>16x</p></td>\n   <td><p>15x</p></td>\n   <td><p>26x</p></td>\n   <td><p>28x</p></td>\n  </tr>\n  <tr>\n   <td><p>Blended P/OCF</p></td>\n   <td><p>28x</p></td>\n   <td><p>25.9x</p></td>\n   <td><p>22.8x</p></td>\n   <td><p>19.6x</p></td>\n  </tr>\n  <tr>\n   <td><p>Historical P/OCF*</p></td>\n   <td><p>12x</p></td>\n   <td><p>11x</p></td>\n   <td><p>19x</p></td>\n   <td><p>22x</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected EPS growth FY 2021</p></td>\n   <td><p>35%</p></td>\n   <td><p>19%</p></td>\n   <td><p>19%</p></td>\n   <td><p>27%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected EPS growth FY 2022</p></td>\n   <td><p>5%</p></td>\n   <td><p>7%</p></td>\n   <td><p>15%</p></td>\n   <td><p>21%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected OCF growth FY 2021</p></td>\n   <td><p>19%</p></td>\n   <td><p>8%</p></td>\n   <td><p>27%</p></td>\n   <td><p>21%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected OCF FY 2022</p></td>\n   <td><p>2%</p></td>\n   <td><p>1%</p></td>\n   <td><p>17%</p></td>\n   <td><p>20%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>AAPL stock was heavily overvalued in August 2020. Based upon trailing twelve-month multiples, the shares remain overvalued today. Looking ahead, the most recent 2021 earnings and cash flow growth forecasts have risen significantly, while 2022 estimates remained about the same. On a forward basis, AAPL stock trades at 30x EPS and 25x cash flow. That's still far above historical averages.</p>\n<p>GOOGL stock was undervalued on cash flow in August 2020. It's a mixed bag now; Alphabet isn't in the bargain bin. Based upon TTM multiples, shares are trading above Fair Value today. Looking ahead, 2021 and 2022 EPS estimates have fallen since August. The 2021 cash flow forecast is higher, and the 2022 forecast is a bit lower. To be fair, I believe current EPS forecasts have decreased due to the company crushing estimates over the past two quarters. Based upon 2021 estimates, GOOGL stock is trading at 30x earnings and 18x operating cash flow. That's a little high on EPS, and about on par for OCF.</p>\n<p><b>What's actionable now?</b></p>\n<p>Investors make forward decisions upon where a company's earnings and cash flow are going; not where they've been. We've already looked at forward P/E and P/CF. Now, let's look at PEG ratios. When evaluating a growth stock, the PEG ratio is often one of the most helpful signals. It's determined by taking the current P/E and dividing it by the forward growth rate. When determining the forward growth rate, I like to look out two years. While some PEG ratios look up to five years out, I believe this is too speculative. The Street has a hard enough time forecasting EPS just two years out. Five years out? It's just a guesstimate.</p>\n<p>A PEG under 1.0x indicates good value. If the PEG is between 1.0x and 2.0x, it suggests fair value. When the PEG is greater than 2.0x, a stock may be considered overvalued.</p>\n<p>Currently, the Street marks Apple's two-year EPS growth forecast at 19 percent per annum. Therefore, the PEG2 ratio is 1.9x. That's no bargain.</p>\n<p>Over the next two years, Alphabet is projected to grow earnings by 17 percent a year. The PEG2 ratio is 2.0x. That's not a bargain, either.</p>\n<p>Based upon my knowledge of the business, I place more emphasis upon Alphabet's ability to generate operating cash than net income; however, that's still not enough to get me overly excited about buying GOOGL stock at $2095 a share.</p>\n<p><b>The Bottom Line</b></p>\n<p>With the benefit of hindsight, moving money out of Apple and into Alphabet stock turned out well. Over the past six months, Apple stock advanced 8.6% while Alphabet broke out with a 39% gain. Back in August 2020, the decision to sell one and buy the other was based upon valuation and probabilities. These two companies are two of the best-run businesses on the planet. AAPL and GOOGL are great stocks to own: but not at any price. Valuation matters.</p>\n<p>Apple Inc.'s shares are still too rich for me. I'm not excited unless AAPL drops to less than $84. Today, it's not in the right zip code.</p>\n<p>Alphabet was a solid buyback in late summer 2020. Analysts were fretting about COVID-19 ad contraction; even if correct, the phenomenon was likely to be transient versus terminal. The stock appeared to offer far better value than Apple. Nonetheless, after a big runup, GOOGL isn't a bargain pick. After a six-month 39% run, it's time to take a little off the table, wait for lower prices, then seek to repurchase the shares. I lopped an eighth of my position off at $2090, and plan to sell another eighth if the stock breaks $2100. GOOGL starts looking attractive again ~$1700 a share.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Apple And Buy Alphabet Lookback: Why Valuation Matters</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\">\nSell Apple And Buy Alphabet Lookback: Why Valuation Matters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the underlying comparative valuation story.\nSix months later, since touching $500, AAPL investors gained...</p>\n\n<a href=\"https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1136473777","content_text":"Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the underlying comparative valuation story.\nSix months later, since touching $500, AAPL investors gained 8.6 percent. Buying GOOGL at $1503 yielded a 39 percent return.\nIt's a tale of two tremendous U.S. companies; within their respective industries, probably the best in show.\nBut the best in show doesn't mean the stock is a buy at any price.\n\nAbout six months ago, Seeking Alpha editors published an article I wrote entitled, “Sell Apple and Buy Alphabet.” It generated considerable reader interest.\nThis is a follow-up article.\nBackground\nIn mid-August 2020, I scaled out of Apple (AAPL) stock and used the proceeds to purchase Alphabet (GOOGL)(GOOG).\nI closed the Apple position at $500 a share, or the equivalent of $125 post 4-for-1 split.\n\nI believed $500 a share was just too rich for the stock. To be fair, I also sold some Apple shares in June, at lower prices. But the premise of the article was Apple Inc. at $500 a share was just too rich. The underlying fundamentals didn't support it. So I pulled the plug on a position first opened in 2010. The stock was held in a tax-deferred account.\nMeanwhile, I took the AAPL proceeds and doubled my position in Alphabet.\n\nI purchased shares between the middle of August and the first few days of October. The average bid price on the incremental position was $1503.\nSubsequent Price Action\nNow I will be the first to tell you six months doesn't prove a thesis definitively. As an investor (versus a trader or speculator), I generally hold a stock for at least 18 months. Through experience, I've found this to be the minimum amount of time I like to hold a stock in order to give an original investment thesis the \"chance to be right.” Exceptions are cases whereby the original investment thesis is busted. If that happens, I don't wait and hope for things to change. I get out. Alternatively, if a stock runs up much too far, too fast, I may also exit a position early.\nNonetheless, the six-month return delta between AAPL and GOOGL is so stark it seems a reasonable call out.\nSince I sold the balance of my AAPL stock, the price improved from split-adjusted $124.99 to $135.40. That's an 8.3% increase in six months. Including two dividend payments, the total return would have been 8.6 percent. That's not bad.\nOn the other hand, GOOGL shares moved from $1503 (my aggregate purchase price) to $2095.That's a 39% gain.\nThe upshot isn't to point out making a good six-month call. It's to evaluate the decision-making process behind the call, then plot a path forward.\nApple Shares Were Dear And Remain Dear\nIn August 2020, my contention was AAPL prices got way ahead of the fundamentals.\nAt the time, fiscal year 3Q 2020 (period ending June 30) corporate cash flow was up sharply. Apple Services revenue and margins were advancing nicely, but Apple Products margins were sagging. The Street forecast $15.02 ($3.76 split-adjusted) EPS for 2020 fiscal year, and $18.09 ($4.52 split-adjusted) operating cash flow per share.\nShares were trading at over 35x earnings, and 26x cash flow.\nNow, with the benefit of two additional quarters behind us, we find the full-year EPS came in at $3.26 and cash flow at $4.60 per share: earnings results were light, and cash flow recorded a modest beat.\nAdding in an additional set of quarterly results (for the period ending 12/31/20), shares now trade at 37x trailing earnings, and 27x cash flow.\nThe long-term P/E and P/OCF multiples have been ~16x and 12x, respectively.\nTherefore, while registering an 8.6% total return since mid-August, AAPL shares now appear even MORE overvalued than before.\nTwo F.A.S.T. Graphs illustrate the foregoing:\n\nFor a good growth stock, it's customary to look at forward EPS. Based upon current Street estimates, Apple Inc. is trading at 30x this years' EPS, and 25x cash flow. These multiples are still far above the long-term average.\nNote I selected charts whereby the actual long-term growth rates approximate the current expected two-year forward growth rates.\nAlphabet Stock Is No Longer A Bargain\nMeanwhile, back in August 2020, analysts were setting up Alphabet investors for an off year. The COVID-related economic slowdown certainly affected the business: primarily Google advertising revenue.\nAlphabet met or exceeded 2Q and first-half 2020 numbers; however, revenue, margins, and operating income were contracting.\nBack in August, analysts called for full-year (ending December 31) EPS and cash flow per share to be $44.61 and $78.02, respectively. The Street expected declining year-over-year figures.\nGOOGL shares were trading at 33x EPS, and under 20x operating cash flow. The long-term trimmed averages were 28x and 22x. The earnings multiple indicated approximate Fair Value, while the shares were inexpensive on cash flow.\nSo what happened?\nIndeed, Alphabet's numbers rebounded faster than expected. The Street underestimated the snap-back.\nBut the real story was valuation.\nGOOGL posted full-year EPS and cash flow per share figures of $58.61 and $88.82, thereby stomping Street consensus.\nCurrently, Alphabet shares now trade at 36x trailing earnings and 24x cash flow.\nLong-term P/E and P/OCF multiples are 26x and 19x, respectively.\nAnother pair of F.A.S.T. Graphs paint the picture:\n\n\nOn a forward basis, GOOGL is trading at 30x EPS and 18x operating cash flow.\nIndeed, after the big run-up, Alphabet stock has gone from fairly valued / inexpensive to fairly valued / moderately overvalued.\nSumming It Up\nHere's a recap summary table comparing Apple and Alphabet valuation metrics today versus August 2020:\nApple versus Alphabet Valuation Summary\n\n\n\nApple (Feb '21)\nApple (August '20)\nAlphabet (Feb '21)\nAlphabet (August '20)\n\n\nBlended P/E\n36.5x\n35.6x\n35.0x\n32.8x\n\n\nHistorical P/E*\n16x\n15x\n26x\n28x\n\n\nBlended P/OCF\n28x\n25.9x\n22.8x\n19.6x\n\n\nHistorical P/OCF*\n12x\n11x\n19x\n22x\n\n\nProjected EPS growth FY 2021\n35%\n19%\n19%\n27%\n\n\nProjected EPS growth FY 2022\n5%\n7%\n15%\n21%\n\n\nProjected OCF growth FY 2021\n19%\n8%\n27%\n21%\n\n\nProjected OCF FY 2022\n2%\n1%\n17%\n20%\n\n\n\nAAPL stock was heavily overvalued in August 2020. Based upon trailing twelve-month multiples, the shares remain overvalued today. Looking ahead, the most recent 2021 earnings and cash flow growth forecasts have risen significantly, while 2022 estimates remained about the same. On a forward basis, AAPL stock trades at 30x EPS and 25x cash flow. That's still far above historical averages.\nGOOGL stock was undervalued on cash flow in August 2020. It's a mixed bag now; Alphabet isn't in the bargain bin. Based upon TTM multiples, shares are trading above Fair Value today. Looking ahead, 2021 and 2022 EPS estimates have fallen since August. The 2021 cash flow forecast is higher, and the 2022 forecast is a bit lower. To be fair, I believe current EPS forecasts have decreased due to the company crushing estimates over the past two quarters. Based upon 2021 estimates, GOOGL stock is trading at 30x earnings and 18x operating cash flow. That's a little high on EPS, and about on par for OCF.\nWhat's actionable now?\nInvestors make forward decisions upon where a company's earnings and cash flow are going; not where they've been. We've already looked at forward P/E and P/CF. Now, let's look at PEG ratios. When evaluating a growth stock, the PEG ratio is often one of the most helpful signals. It's determined by taking the current P/E and dividing it by the forward growth rate. When determining the forward growth rate, I like to look out two years. While some PEG ratios look up to five years out, I believe this is too speculative. The Street has a hard enough time forecasting EPS just two years out. Five years out? It's just a guesstimate.\nA PEG under 1.0x indicates good value. If the PEG is between 1.0x and 2.0x, it suggests fair value. When the PEG is greater than 2.0x, a stock may be considered overvalued.\nCurrently, the Street marks Apple's two-year EPS growth forecast at 19 percent per annum. Therefore, the PEG2 ratio is 1.9x. That's no bargain.\nOver the next two years, Alphabet is projected to grow earnings by 17 percent a year. The PEG2 ratio is 2.0x. That's not a bargain, either.\nBased upon my knowledge of the business, I place more emphasis upon Alphabet's ability to generate operating cash than net income; however, that's still not enough to get me overly excited about buying GOOGL stock at $2095 a share.\nThe Bottom Line\nWith the benefit of hindsight, moving money out of Apple and into Alphabet stock turned out well. Over the past six months, Apple stock advanced 8.6% while Alphabet broke out with a 39% gain. Back in August 2020, the decision to sell one and buy the other was based upon valuation and probabilities. These two companies are two of the best-run businesses on the planet. AAPL and GOOGL are great stocks to own: but not at any price. Valuation matters.\nApple Inc.'s shares are still too rich for me. I'm not excited unless AAPL drops to less than $84. Today, it's not in the right zip code.\nAlphabet was a solid buyback in late summer 2020. Analysts were fretting about COVID-19 ad contraction; even if correct, the phenomenon was likely to be transient versus terminal. The stock appeared to offer far better value than Apple. Nonetheless, after a big runup, GOOGL isn't a bargain pick. After a six-month 39% run, it's time to take a little off the table, wait for lower prices, then seek to repurchase the shares. I lopped an eighth of my position off at $2090, and plan to sell another eighth if the stock breaks $2100. GOOGL starts looking attractive again ~$1700 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381880581,"gmtCreate":1612952370643,"gmtModify":1704876429674,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"TLDR : ???????","listText":"TLDR : ???????","text":"TLDR : ???????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381880581","repostId":"2110425090","repostType":4,"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381814232,"gmtCreate":1612952243126,"gmtModify":1704876427038,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","listText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","text":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381814232","repostId":"1150853051","repostType":4,"repost":{"id":"1150853051","kind":"news","pubTimestamp":1612951512,"share":"https://ttm.financial/m/news/1150853051?lang=&edition=fundamental","pubTime":"2021-02-10 18:05","market":"us","language":"en","title":"Follow Warren Buffett Dividend Dogs For February","url":"https://stock-news.laohu8.com/highlight/detail?id=1150853051","media":"seekingalpha","summary":"SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs","content":"<p><b>Summary</b></p><ul><li>This Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.</li><li>Thirty-one of 49 Berkshire-Hathaway-owned-stocks pay dividends. As of 2/5/21, the top 10 ranged 3.13%-4.78% by annual-yield and ranged 21.08%-80.65% per broker-estimated price target upsides.</li><li>$5K invested in the lowest-priced five top-yield Buffett/Berkshire-held December dividend dogs showed 9.46% LESS net-gain than from $5K invested in all 10. Bigger (high-priced) Buffett-collected dogs dominated his February dividend holdings.</li></ul><p><b>Foreword</b></p><p>James Brumleysays in Kiplinger Investing:</p><p>\"Rich people often get perpetually richer for a reason, so it could be worthwhile to study what billionaires and high-asset hedge funds are plowing their long-term capital into.\"</p><p>Any collection of stocks is more clearly understood when subjected to yield-based (dog catcher) analysis, thisBuffett/Berkshire batchis perfect for the dogcatcher process. Here's the Feb. 6 data for 31 dividend paying stocks in the Kiplinger-documented collection of 49 now owned by Buffett's Berkshire-Hathaway firm.</p><p>Another resource consulted for this article was dogsofthedow.com - they also keep an ongoing spreadsheet of theBuffett/Berkshire stocksupdated quarterly per BRK SEC filings.</p><p>The Ides of March plunge in the stock market took its toll on Buffett's batch but made the possibility of owning productive dividend shares reflecting his collection more viable for first-time investors. This February update shows the following five stocks still live up to the idea of having their annual dividends from a $1K investment exceed their single share price: Suncor Energy Inc (SU), The Kraft Heinz Co (KHC), Pfizer Inc (PFE), STORE Capital Corporation (STOR), and Sirius XM Holdings Inc (SIRI).</p><p><b>Actionable Conclusions (1-10): Analysts Estimated 17.32% To 38.99% Net Gains For 10Top Buffett-Held Dividend Stocks Come February 2022</b></p><p>Five of these 10 Buffett-held top dividend stocks by yield also were among the top 10 gainers for the coming year based on analyst one-year target prices. (They are tinted gray in the chart below). Thus, this yield-based forecast for these Buffett dogs was graded by Wall St. Wizards as 50% accurate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f5b5036f4902f4e3bbcd5fbfe08d1e5\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>Projections were based on estimateddividends from $1,000 invested in each of the highest-yielding stocks and their aggregate one-year analyst median target prices, as reported by YCharts. Note: One-year target prices by lone analysts were not applied. Ten probable profit-generating trades projected to Feb. 5, 2022, were:</p><p>Barrick Gold Corp (GOLD) was projected to net $389.89 based on a median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 83% under the market as a whole.</p><p>Merck &amp; Co Inc (MRK) was projected to net $301.34, based on the median of target price estimates from twenty-three analysts plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.</p><p>Suncor Energy Inc was projected to net $259.98, based on dividends, plus the median of target price estimates from twenty-five analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 72% greater than the market as a whole.</p><p>Bristol-Myers Squibb (BMY) was projected to net $256.61, based on dividends, plus the median of target price estimates from nineteen analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 36% less than the market as a whole.</p><p>Moody's Corp (MCO) netted $225.72 based on a median of estimates from twenty analysts, plus dividends. The Beta number showed this estimate subject to risk/volatility 81% more than the market as a whole.</p><p>Pfizer Inc was projected to net $214.54, based on dividends, plus a mean target price estimate from twenty-two analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 30% under the market as a whole.</p><p>The Kroger Co (KR) was projected to net $182.88, based on the median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.</p><p>U.S. Bancorp (USB) was projected to net $180.46, based on a median of target price estimate from twenty-six analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 11% more than the market as a whole.</p><p>Bank of New York Mellon (BK) was projected to net $178.20, based on the median of target estimates from 19 analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 5% greater than the market as a whole.</p><p>Mondelez International Inc (MDLZ) was projected to net $173.21, based on the median of target price estimates from twenty-four analysts, plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 38% less than the market as a whole.</p><p>The average net gain in dividend and price was estimated at 23.63% on $10k invested as $1k in each of these ten stocks. These gain estimates were subject to average risk/volatility 13% less than the market as a whole.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8408c81309b0e6f593f588e333d2947a\" tg-width=\"640\" tg-height=\"415\" referrerpolicy=\"no-referrer\"><span>Source: omaha.com</span></p><p><b>The Dividend Dogs Rule</b></p><p>Stocks earned the \"dog\" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as \"dogs.\" More precisely, these are, in fact, best called, \"underdogs.\"</p><p><b>49Buffett Holdings By Target Gains</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bee8552786f177f6d9e130c30af901f5\" tg-width=\"640\" tg-height=\"645\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p><b>31 Buffett Picks By Yield</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c256bce5004fac7442386c2ba9bdf5fc\" tg-width=\"640\" tg-height=\"614\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p><b>Actionable Conclusions (12-21): 10 TopBuffett-HeldStocks By Yield</b></p><p>Top ten Buffett-held stocks selected 2/5/21 by yield represented five of eleven Morningstar sectors.</p><p>First place went to the first of four dogs from the healthcare sector, AbbVie Inc (ABBV) [1]. The second healthcare representative placed fourth, Pfizer [4]. The last two healthcare representatives placed sixth and ninth, Merck &amp; Co Inc (MRK) [6], and Bristol-Myers Squibb Co (BMY) [9].</p><p>One from the energy sector placed second, Suncor Energy Inc [2]. Then, two consumer defensive sector representatives placed third, and eighth, The Kraft Heinz Co [3], and Coca-Cola Co (KO) [8].</p><p>A lone real estate sector member was fifth on the list, STORE Capital Corp (STOR) [5]. Finally, two financial services representatives placed sixth and tenth, they were: U.S. Bancorp [6], followed by M&amp;T Bank Corp [10], to complete the February Buffett/Berkshire top ten batch of top dividend dogs, by yield.</p><p><b>Actionable Conclusions: (22-31) Top Ten February Buffett/Berkshire Dogs Showed 15.87%-38.38% Upsides And (32) Two Down-Siders Emerged at -0.82% and 5.05%</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d21ad35f60be1c4085fd61e784e62904\" tg-width=\"640\" tg-height=\"834\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>To quantify top-dog rankings, analyst median price target estimates provided a \"market sentiment\" gauge of upside potential. Added to the simple high-yield metrics, analyst mean price target estimates became another tool to dig out bargains.</p><p><b>Analysts Forecast A 9.46% Disadvantage For 5 Highest Yield, Lowest Priced Of 10 Top Buffett-Collected Dividend Stocks To February 2022</b></p><p>Ten top Buffett/Berkshire dividend dogs were culled by yield for this update. Yield (dividend/price) results provided by YCharts did the ranking.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/353a0b22859b6512d31f6d596930b1e7\" tg-width=\"640\" tg-height=\"204\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>As noted above, top ten Buffett-chosen dividend dogs screened 2/5/21 showing the highest dividend yields represented six of eleven Morningstar sectors.</p><p><b>Actionable Conclusions: Analysts Predicted 5 Lowest-Priced Of The Top TenHighest-Yield Buffett-Held Dogs (33) Delivering 16.01% Vs.(34) 17.69%AverageNet Gainsby All TenComeFebruary 5, 2022</b></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bae6327b70779a099928f367fd2436d2\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>So, $5,000 invested as $1K in each of the five lowest-priced stocks in the top 10 dividends Buffett-selected kennel by yield were predicted by analyst one-year targets to deliver 9.46% less gain than $5,000 invested as $.5K in all 10. The eighth lowest priced selection, Merck &amp; Co Inc, was projected to deliver the best analyst-estimated net gain of 30.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a741424a8baad8a7b778f0305b36c6d\" tg-width=\"624\" tg-height=\"346\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>The five lowest-priced top-yield Buffett-Picked dividend dogs as of February 5 were: Suncor Energy Inc, STORE Capital Corp, The Kraft Heinz Co, Pfizer, andU.S. Bancorp, with prices ranging from $17.26 to $46.35.</p><p>Five higher-priced Buffett-picked dividend dogs as of February 5 were, Coca-Cola Co; Bristol-Myers Squibb Co; Merck &amp; Co Inc; AbbVie Inc; M&amp;T Bank Corp, whose prices ranged from $49.65 to $140.40.</p><p>The distinction between five low-priced dividend dogs and the general field of ten reflected Michael B. O'Higgins' \"basic method\" for beating the Dow. The scale of projected gains based on analyst targets added a unique element of \"market sentiment\" gauging upside potential. It provided a here-and-now equivalent of waiting a year to find out what might happen in the market. Caution is advised, since analysts are historically only 20% to 80% accurate on the direction of change and just 0% to 20% accurate on the degree of change.</p><p><b>Afterword</b></p><p>If somehow you missed the suggestion of four stocks ready for pick-up at the start of the article, here is a reprise of the list at the end:</p><p>This February update shows the following five stocks live up to the idea of having their annual dividends from a $1K investment exceed their single share price: The Kraft Heinz Co, STORE Capital Corporation, Pfizer Inc, Suncor Energy Inc, and Sirius XM Holdings Inc. The \"safer\" of these five dividend prospects, will be available later this week in my Dividend Dog Catcher marketplace site.</p><p>The net gain/loss estimates above did not factor in any foreign or domestic tax problems resulting from distributions. Consult your tax advisor regarding the source and consequences of \"dividends\" from any investment.</p><p>Stocks listed above were suggested only as possible reference points for your Buffett/Berkshire batch stock purchase or sale research process. These were not recommendations.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Follow Warren Buffett Dividend Dogs For February</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\">\nFollow Warren Buffett Dividend Dogs For February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 18:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.Thirty-...</p>\n\n<a href=\"https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KR":"克罗格","BMY":"施贵宝","BK":"纽约梅隆银行","GOLD":"巴里克黄金","MDLZ":"亿滋","MCO":"穆迪","BRK.A":"伯克希尔","USB":"美国合众银行","MRK":"默沙东"},"source_url":"https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1150853051","content_text":"SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.Thirty-one of 49 Berkshire-Hathaway-owned-stocks pay dividends. As of 2/5/21, the top 10 ranged 3.13%-4.78% by annual-yield and ranged 21.08%-80.65% per broker-estimated price target upsides.$5K invested in the lowest-priced five top-yield Buffett/Berkshire-held December dividend dogs showed 9.46% LESS net-gain than from $5K invested in all 10. Bigger (high-priced) Buffett-collected dogs dominated his February dividend holdings.ForewordJames Brumleysays in Kiplinger Investing:\"Rich people often get perpetually richer for a reason, so it could be worthwhile to study what billionaires and high-asset hedge funds are plowing their long-term capital into.\"Any collection of stocks is more clearly understood when subjected to yield-based (dog catcher) analysis, thisBuffett/Berkshire batchis perfect for the dogcatcher process. Here's the Feb. 6 data for 31 dividend paying stocks in the Kiplinger-documented collection of 49 now owned by Buffett's Berkshire-Hathaway firm.Another resource consulted for this article was dogsofthedow.com - they also keep an ongoing spreadsheet of theBuffett/Berkshire stocksupdated quarterly per BRK SEC filings.The Ides of March plunge in the stock market took its toll on Buffett's batch but made the possibility of owning productive dividend shares reflecting his collection more viable for first-time investors. This February update shows the following five stocks still live up to the idea of having their annual dividends from a $1K investment exceed their single share price: Suncor Energy Inc (SU), The Kraft Heinz Co (KHC), Pfizer Inc (PFE), STORE Capital Corporation (STOR), and Sirius XM Holdings Inc (SIRI).Actionable Conclusions (1-10): Analysts Estimated 17.32% To 38.99% Net Gains For 10Top Buffett-Held Dividend Stocks Come February 2022Five of these 10 Buffett-held top dividend stocks by yield also were among the top 10 gainers for the coming year based on analyst one-year target prices. (They are tinted gray in the chart below). Thus, this yield-based forecast for these Buffett dogs was graded by Wall St. Wizards as 50% accurate.Source: YCharts.comProjections were based on estimateddividends from $1,000 invested in each of the highest-yielding stocks and their aggregate one-year analyst median target prices, as reported by YCharts. Note: One-year target prices by lone analysts were not applied. Ten probable profit-generating trades projected to Feb. 5, 2022, were:Barrick Gold Corp (GOLD) was projected to net $389.89 based on a median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 83% under the market as a whole.Merck & Co Inc (MRK) was projected to net $301.34, based on the median of target price estimates from twenty-three analysts plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.Suncor Energy Inc was projected to net $259.98, based on dividends, plus the median of target price estimates from twenty-five analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 72% greater than the market as a whole.Bristol-Myers Squibb (BMY) was projected to net $256.61, based on dividends, plus the median of target price estimates from nineteen analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 36% less than the market as a whole.Moody's Corp (MCO) netted $225.72 based on a median of estimates from twenty analysts, plus dividends. The Beta number showed this estimate subject to risk/volatility 81% more than the market as a whole.Pfizer Inc was projected to net $214.54, based on dividends, plus a mean target price estimate from twenty-two analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 30% under the market as a whole.The Kroger Co (KR) was projected to net $182.88, based on the median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.U.S. Bancorp (USB) was projected to net $180.46, based on a median of target price estimate from twenty-six analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 11% more than the market as a whole.Bank of New York Mellon (BK) was projected to net $178.20, based on the median of target estimates from 19 analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 5% greater than the market as a whole.Mondelez International Inc (MDLZ) was projected to net $173.21, based on the median of target price estimates from twenty-four analysts, plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 38% less than the market as a whole.The average net gain in dividend and price was estimated at 23.63% on $10k invested as $1k in each of these ten stocks. These gain estimates were subject to average risk/volatility 13% less than the market as a whole.Source: omaha.comThe Dividend Dogs RuleStocks earned the \"dog\" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as \"dogs.\" More precisely, these are, in fact, best called, \"underdogs.\"49Buffett Holdings By Target GainsSource: YCharts.com31 Buffett Picks By YieldSource: YCharts.comActionable Conclusions (12-21): 10 TopBuffett-HeldStocks By YieldTop ten Buffett-held stocks selected 2/5/21 by yield represented five of eleven Morningstar sectors.First place went to the first of four dogs from the healthcare sector, AbbVie Inc (ABBV) [1]. The second healthcare representative placed fourth, Pfizer [4]. The last two healthcare representatives placed sixth and ninth, Merck & Co Inc (MRK) [6], and Bristol-Myers Squibb Co (BMY) [9].One from the energy sector placed second, Suncor Energy Inc [2]. Then, two consumer defensive sector representatives placed third, and eighth, The Kraft Heinz Co [3], and Coca-Cola Co (KO) [8].A lone real estate sector member was fifth on the list, STORE Capital Corp (STOR) [5]. Finally, two financial services representatives placed sixth and tenth, they were: U.S. Bancorp [6], followed by M&T Bank Corp [10], to complete the February Buffett/Berkshire top ten batch of top dividend dogs, by yield.Actionable Conclusions: (22-31) Top Ten February Buffett/Berkshire Dogs Showed 15.87%-38.38% Upsides And (32) Two Down-Siders Emerged at -0.82% and 5.05%Source: YCharts.comTo quantify top-dog rankings, analyst median price target estimates provided a \"market sentiment\" gauge of upside potential. Added to the simple high-yield metrics, analyst mean price target estimates became another tool to dig out bargains.Analysts Forecast A 9.46% Disadvantage For 5 Highest Yield, Lowest Priced Of 10 Top Buffett-Collected Dividend Stocks To February 2022Ten top Buffett/Berkshire dividend dogs were culled by yield for this update. Yield (dividend/price) results provided by YCharts did the ranking.Source: YCharts.comAs noted above, top ten Buffett-chosen dividend dogs screened 2/5/21 showing the highest dividend yields represented six of eleven Morningstar sectors.Actionable Conclusions: Analysts Predicted 5 Lowest-Priced Of The Top TenHighest-Yield Buffett-Held Dogs (33) Delivering 16.01% Vs.(34) 17.69%AverageNet Gainsby All TenComeFebruary 5, 2022Source: YCharts.comSo, $5,000 invested as $1K in each of the five lowest-priced stocks in the top 10 dividends Buffett-selected kennel by yield were predicted by analyst one-year targets to deliver 9.46% less gain than $5,000 invested as $.5K in all 10. The eighth lowest priced selection, Merck & Co Inc, was projected to deliver the best analyst-estimated net gain of 30.13%.Source: YCharts.comThe five lowest-priced top-yield Buffett-Picked dividend dogs as of February 5 were: Suncor Energy Inc, STORE Capital Corp, The Kraft Heinz Co, Pfizer, andU.S. Bancorp, with prices ranging from $17.26 to $46.35.Five higher-priced Buffett-picked dividend dogs as of February 5 were, Coca-Cola Co; Bristol-Myers Squibb Co; Merck & Co Inc; AbbVie Inc; M&T Bank Corp, whose prices ranged from $49.65 to $140.40.The distinction between five low-priced dividend dogs and the general field of ten reflected Michael B. O'Higgins' \"basic method\" for beating the Dow. The scale of projected gains based on analyst targets added a unique element of \"market sentiment\" gauging upside potential. It provided a here-and-now equivalent of waiting a year to find out what might happen in the market. Caution is advised, since analysts are historically only 20% to 80% accurate on the direction of change and just 0% to 20% accurate on the degree of change.AfterwordIf somehow you missed the suggestion of four stocks ready for pick-up at the start of the article, here is a reprise of the list at the end:This February update shows the following five stocks live up to the idea of having their annual dividends from a $1K investment exceed their single share price: The Kraft Heinz Co, STORE Capital Corporation, Pfizer Inc, Suncor Energy Inc, and Sirius XM Holdings Inc. The \"safer\" of these five dividend prospects, will be available later this week in my Dividend Dog Catcher marketplace site.The net gain/loss estimates above did not factor in any foreign or domestic tax problems resulting from distributions. Consult your tax advisor regarding the source and consequences of \"dividends\" from any investment.Stocks listed above were suggested only as possible reference points for your Buffett/Berkshire batch stock purchase or sale research process. These were not recommendations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383368034,"gmtCreate":1612839751328,"gmtModify":1704874839377,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","listText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","text":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more stable. Anyways, please comment and like for likesand follow back thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383368034","repostId":"2110055481","repostType":4,"repost":{"id":"2110055481","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612839116,"share":"https://ttm.financial/m/news/2110055481?lang=&edition=fundamental","pubTime":"2021-02-09 10:51","market":"us","language":"en","title":"Tencent bolsters defenses for core businesses as ByteDance muscles into its turf","url":"https://stock-news.laohu8.com/highlight/detail?id=2110055481","media":"Reuters","summary":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company","content":"<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</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>Tencent bolsters defenses for core businesses as ByteDance muscles into its turf</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTencent bolsters defenses for core businesses as ByteDance muscles into its turf\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-09 10:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00772":"阅文集团","00700":"腾讯控股","BILI":"哔哩哔哩","QNETCN":"纳斯达克中美互联网老虎指数","HUYA":"虎牙","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110055481","content_text":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.\nRapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.\nThat has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.\nIt is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.\nTo buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.\n\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.\nThe executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.\nNO LOVE LOST\nIn 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.\nThat includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.\nAsked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.\n\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.\nByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".\nEstablished only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.\nIn 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.\nThe potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.\nMAKING IT HARD FOR BYTEDANCE\nBest known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.\nThe reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".\nTencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.\n\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.\nTencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.\nTencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings\n- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.\nIt took action after Douyin and another rival Bilibili\nbegan gaining traction in games livestreaming services, they added.\nIn other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, one of the sources said.\nFor majority-owned China Literature , Tencent sent one of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.\nAttempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.\nThe gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.\nRegulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.\nSources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380736378,"gmtCreate":1612587108194,"gmtModify":1704873096845,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","listText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","text":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380736378","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380118485,"gmtCreate":1612522860747,"gmtModify":1704872330405,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"What a ride it was the last week. But is&nbsp;the show over though??","listText":"What a ride it was the last week. But is&nbsp;the show over though??","text":"What a ride it was the last week. But is the show over though??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/380118485","repostId":"1180970570","repostType":4,"repost":{"id":"1180970570","kind":"news","pubTimestamp":1612501989,"share":"https://ttm.financial/m/news/1180970570?lang=&edition=fundamental","pubTime":"2021-02-05 13:13","market":"us","language":"en","title":"The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America","url":"https://stock-news.laohu8.com/highlight/detail?id=1180970570","media":"marketwatch","summary":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi","content":"<p>Shares of GameStop&nbsp;and other companies or&nbsp;assets that shot upin value in recent weeks are now&nbsp;dropping&nbsp;like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p>As a finance professor who does&nbsp;research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p>Capital markets aren’t casinos</p><p>Some have portrayed&nbsp;GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p>The first thing to keep in mind is that markets aren’t a big casino,&nbsp;as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without&nbsp;access to capital markets.</p><p>The more jaundiced view of markets focuses on episodes when&nbsp;markets seemingly go crazy&nbsp;and on the&nbsp;speculative gambling behavior of some traders, such as&nbsp;hedge funds. The GameStop saga feeds into this storyline.</p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p>The GameStop bubble</p><p>GameStop fundamentals&nbsp;are, to put it mildly, lackluster.</p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now&nbsp;take place as digital downloads. GameStop&nbsp;has been slow&nbsp;to adapt to this new reality. Its revenue peaked in&nbsp;2012 at US$9.55 billion&nbsp;and had dropped by a third&nbsp;as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p>The recent speculative frenzy, however, increased the GameStop stock price&nbsp;from under $20 in early January to as high as $483&nbsp;in a little over two weeks,&nbsp;driven by retail investors on Reddit&nbsp;who coordinated their buying to harm hedge funds,&nbsp;costing the professionals billions of dollars.</p><p>It is&nbsp;clearly a speculative price bubble&nbsp;and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially&nbsp;those attracted by the extreme price moves&nbsp;and media coverage — will be left holding the bag.</p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares&nbsp;were trading near $70for the first time since Jan. 25.</p><p>The problems begin when that doesn’t happen until too late.</p><p>Bubbles are made to pop</p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 —&nbsp;after prices of dozens of tech stocks soared exponentially in the late 1990s&nbsp;— an&nbsp;economic recession&nbsp;followed soon after. The bursting of a&nbsp;housing bubble in 2008&nbsp;triggered a global financial crisis and the Great Recession.</p><p>Too much momentum</p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p>In recent days, Reddit users have also driven up the&nbsp;prices of silverSI00,0.61%&nbsp;and&nbsp;companies&nbsp;such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood&nbsp;have made trading easy, fun&nbsp;and basically free.</p><p>The share price of TeslaTSLA,-0.55%,for example,&nbsp;skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called&nbsp;momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the&nbsp;already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation&nbsp;could hurt public confidence&nbsp;in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p>Warren Buffett&nbsp;once said&nbsp;about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p>There’s no particular reason it won’t happen again.</p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from&nbsp;crashing“.</i></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>The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe dark side of the GameStop bubble: Driving stock prices to the moon can hurt America\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 13:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180970570","content_text":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.Capital markets aren’t casinosSome have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.But GameStop also illustrates what happens when stock prices don’t reflect reality.The GameStop bubbleGameStop fundamentals are, to put it mildly, lackluster.The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.The problems begin when that doesn’t happen until too late.Bubbles are made to popFinancial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.Too much momentumSo markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.There’s no particular reason it won’t happen again.Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380077231,"gmtCreate":1612498346423,"gmtModify":1704872017855,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","listText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","text":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380077231","repostId":"1125684044","repostType":4,"repost":{"id":"1125684044","kind":"news","pubTimestamp":1612493561,"share":"https://ttm.financial/m/news/1125684044?lang=&edition=fundamental","pubTime":"2021-02-05 10:52","market":"us","language":"en","title":"Why has the stock price of small electric vehicles soared recently?","url":"https://stock-news.laohu8.com/highlight/detail?id=1125684044","media":"barrons","summary":"Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves","content":"<p>Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.</p><p>Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, cracking $41 for the first time and almost hitting $42. Shares are up almost 15% in late Thursday trading.</p><p>Arcimoto(FUV) andElectrameccanica Vehicles(SOLO) makesmaller EVs. That pair is up about 13% and 14%, respectively. Recent gains pushed Arcimoto’s market cap north of $1 billion.</p><p>Canoo(GOEV) is the fourth EV example. Its shares are up more than 12% Thursday.</p><p>There are some relatively new reasons for investors to be more bullish on most of these EV stocks. Canoo, for instance, has beenlinked to reportsof a potentialiCarfromApple(AAPL), though those reports are almost amonth old.</p><p>Workhorse stock also jumped after President Joe Bidenannouncedhis intention to convert the government fleet of vehicles to all EVs. RBC analystJoe Spakpointed out in a recent report that the federal government has more than 645,000 vehicles in its fleet. Still, that announcement came in January.</p><p>So did Arcimoto’s planto buyanother manufacturing facility in Oregon. The company is slated to close on the 185,000-square-foot facility in a few weeks. That deal was announced Jan. 6.</p><p>Electrameccanica news is harder to identify.</p><p>The moves could be aftershocks from theGameStop(GME)short-squeezeearthquake. All four stocks have high short interest—which is essentially the amount of stock borrowed and sold short compared with the amount of stock available for trading.</p><p>There is theTwittereffect to consider too.Tesla(TSLA) bull Ross Gerber tweeted out that he was invested in Arcimoto along with Tesla. Still, that tweet was Tuesday.</p><p><img src=\"https://static.tigerbbs.com/07614b2afc9ee2e3c9dfb06f08126904\" tg-width=\"688\" tg-height=\"749\" referrerpolicy=\"no-referrer\">The rise is probably a combination of all the factors. And the stock price run didn’t start today. The four small-cap EV stocks are up about 28% on average over the past five trading days. TheS&amp;P 500is up only about 2% over the same span. Year to date, the average gain in the small cap EV-four is more than 85%.</p><p>That’s another reason the stocks might be rising: FOMO, or fear of missing out. People are looking and seeing others make money in the names.</p><p>Whatever the reason, the gains demonstrate that investors, and traders, are still hungry to find the next big EV stock—and are hunting in the smaller end of the EV universe to find it.</p><p>Stock in Tesla, the EV giant, is down 0.9% Thursday, to $847 a share. The S&amp;P 500 is up 0.9%.</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>Why has the stock price of small electric vehicles soared recently?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy has the stock price of small electric vehicles soared recently?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, ...</p>\n\n<a href=\"https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/07614b2afc9ee2e3c9dfb06f08126904","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125684044","content_text":"Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, cracking $41 for the first time and almost hitting $42. Shares are up almost 15% in late Thursday trading.Arcimoto(FUV) andElectrameccanica Vehicles(SOLO) makesmaller EVs. That pair is up about 13% and 14%, respectively. Recent gains pushed Arcimoto’s market cap north of $1 billion.Canoo(GOEV) is the fourth EV example. Its shares are up more than 12% Thursday.There are some relatively new reasons for investors to be more bullish on most of these EV stocks. Canoo, for instance, has beenlinked to reportsof a potentialiCarfromApple(AAPL), though those reports are almost amonth old.Workhorse stock also jumped after President Joe Bidenannouncedhis intention to convert the government fleet of vehicles to all EVs. RBC analystJoe Spakpointed out in a recent report that the federal government has more than 645,000 vehicles in its fleet. Still, that announcement came in January.So did Arcimoto’s planto buyanother manufacturing facility in Oregon. The company is slated to close on the 185,000-square-foot facility in a few weeks. That deal was announced Jan. 6.Electrameccanica news is harder to identify.The moves could be aftershocks from theGameStop(GME)short-squeezeearthquake. All four stocks have high short interest—which is essentially the amount of stock borrowed and sold short compared with the amount of stock available for trading.There is theTwittereffect to consider too.Tesla(TSLA) bull Ross Gerber tweeted out that he was invested in Arcimoto along with Tesla. Still, that tweet was Tuesday.The rise is probably a combination of all the factors. And the stock price run didn’t start today. The four small-cap EV stocks are up about 28% on average over the past five trading days. TheS&P 500is up only about 2% over the same span. Year to date, the average gain in the small cap EV-four is more than 85%.That’s another reason the stocks might be rising: FOMO, or fear of missing out. People are looking and seeing others make money in the names.Whatever the reason, the gains demonstrate that investors, and traders, are still hungry to find the next big EV stock—and are hunting in the smaller end of the EV universe to find it.Stock in Tesla, the EV giant, is down 0.9% Thursday, to $847 a share. The S&P 500 is up 0.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317893390,"gmtCreate":1612432950810,"gmtModify":1704871106924,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571372182898237","authorIdStr":"3571372182898237"},"themes":[],"htmlText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","listText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","text":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317893390","repostId":"1177377712","repostType":4,"repost":{"id":"1177377712","kind":"news","pubTimestamp":1612431358,"share":"https://ttm.financial/m/news/1177377712?lang=&edition=fundamental","pubTime":"2021-02-04 17:35","market":"us","language":"en","title":"Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1177377712","media":"Renaissance Capital","summary":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms f","content":"<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.</p>\n<p>The Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.</p>\n<p>In terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.</p>\n<p>Cloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.</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>Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO</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\">\nChinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177377712","content_text":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.\nIn terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.\nCloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":385501854,"gmtCreate":1613560167978,"gmtModify":1704882028519,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"The ev craze continues. Soon there will be no more ICE vehicles","listText":"The ev craze continues. Soon there will be no more ICE vehicles","text":"The ev craze continues. Soon there will be no more ICE vehicles","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385501854","repostId":"2112833386","repostType":4,"isVote":1,"tweetType":1,"viewCount":73,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381880581,"gmtCreate":1612952370643,"gmtModify":1704876429674,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"TLDR : ???????","listText":"TLDR : ???????","text":"TLDR : ???????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381880581","repostId":"2110425090","repostType":4,"repost":{"id":"2110425090","kind":"news","pubTimestamp":1612949548,"share":"https://ttm.financial/m/news/2110425090?lang=&edition=fundamental","pubTime":"2021-02-10 17:32","market":"us","language":"en","title":"GameStop Revives Fights Over Stock Tax, HFT Firms Buying Orders","url":"https://stock-news.laohu8.com/highlight/detail?id=2110425090","media":"Bloomberg","summary":"Leading Democrats are calling for tougher financial regulation\nChanging the rules could be difficult","content":"<ul>\n <li>Leading Democrats are calling for tougher financial regulation</li>\n <li>Changing the rules could be difficult in a divided Congress</li>\n</ul>\n<p>Frenzied trading of&nbsp;GameStop Corp.and other companies last month is reviving debate in Washington about changes that Wall Street has long opposed, including taxing stock purchases, banning brokerages from selling their customers’ orders and reining in short-selling.</p>\n<p>The ideas being floated by some Democratic lawmakers have long been on the wish lists of consumer advocates, who argue they would prevent financial firms from preyingon retail investors and curb the excessive speculation that’s transformed the stock market into a casino, rather than a place where companies raise money to grow their businesses. But industry executives counter that policy revamps often have unintended consequences and that a transaction tax would ultimately increase trading costs for all shareholders.</p>\n<p>The January tumult -- sparked by readers of Reddit’s WallStreetBets chat room and users of&nbsp;Robinhood Markets’&nbsp;popular trading app -- will be examined by the House Financial Services Committee at a hearing next week and the Senate Banking Committee is planning to follow. While getting a rules overhaul through a bitterly divided Congress won’t be easy, here’s an overview from analysts, consumer advocates and other experts on what might be on the table:</p>\n<p><b>Payment for Order Flow</b></p>\n<p>At the heart of the zero-commission trading platforms offered by Robinhood and other online brokerages is so-called payment for order flow, in which the firms steer investor trades to high-volume market makers such as&nbsp;Citadel Securities&nbsp;in exchange for fees.</p>\n<p>The arrangements have helped expand access to stock markets by dramatically lowering costs for retail investors. Indeed, the free trades offered by Robinhood have become ubiquitous with competitors such as&nbsp;E*Trade Financial Corp.,Interactive Brokers Group Inc.and&nbsp;Charles Schwab Corp.all following suit.</p>\n<p>Citadel Securities,Virtu Financial Inc.and other firms that buy orders make money by taking advantage of minuscule price changes in the market -- seeking to almost instantaneously sell shares for more than they paid for them.</p>\n<p>Critics contend that payment for order flow can leave brokerages beholden to giant financial firms, including high-frequency traders, with their customers unaware of the potential conflicts. The Securities and Exchange Commission has also brought cases tied to the practice, including&nbsp;fining Robinhood $65 millionin December for allegedly failing to inform clients that it sold their orders -- claims that the firm didn’tadmitor deny.</p>\n<p>“Payment for order flow is essentially legalized bribery that creates conflict of interest that incentivize brokers to breach their duties to their clients,” said&nbsp;Better Markets Inc. Chief Executive Officer Dennis Kelleher, who wants to see it banned.</p>\n<p>Tyler Gellasch, a former Senate and SEC counsel who now leads the&nbsp;Healthy MarketsAssociation, offered a similarly caustic view.</p>\n<p>“In few other circumstances do we say, ‘Look on the one hand you have a duty to give customers the best prices; on the other hand you’re allowed to accept bribes and not pass it through, or even disclose to your customers how much they are,’” Gellasch said.</p>\n<p>But Graham Steele, a former Senate Banking Committee staff member who now leads the Corporations and Society Initiative at Stanford’s University’s Graduate School of Business, said challenges to payment for order flow have been raised in response to previous market disruptions, but lawmakers and the SEC have failed to find a way to address the problems it poses.</p>\n<p>“The same issues come up every time and there’s a reason that progress hasn’t been made,” Steele said. “A lot of the market participantsfeellike this is the worst option except for all the others.”</p>\n<p>One issue that might be particularly thorny for lawmakers who are skeptical of payment for order flow is that they probably have constituents who love trading stocks for free. Figuring out a way to boost safeguards while preserving that expectation for no-cost trades could be difficult.</p>\n<p>Financial Transaction Tax</p>\n<p>Discussion about imposing a tax on financial transactions dates back more than a decade, to when then-President Barack Obama’s administration thwarted plans for a levy that were advocated by congressional Democrats and the European Union after the 2008 financial crisis. More recently, Hillary Clinton campaigned for president in 2016 on a Democratic platform backing a transaction tax and Senator Bernie Sanders pushed the idea in his campaign for president last year.</p>\n<p>Transaction tax backers like Bartlett Naylor, a financial policy advocate for Public Citizen, say charging a few basis points every time a financial asset is traded would cut down on high-frequency trading and cause investors to think twice before making speculative bets. Opponents such as Tom Quaadman, who leads the&nbsp;U.S. Chamber of Commerce’ Center for Capital Markets Competitiveness, contend that such a tax would “increase the costs for pension funds and harm investors.”</p>\n<p>And even some supporters like Kelleher of Better Markets and Gellasch of Healthy Markets say a transaction tax wouldn’t have prevented the kind of wild trading that pushed GameStop shares to stratospheric levels.</p>\n<p>“I don’t think a financial transaction fee would have had any impact on the trading in the meme stocks,” Kelleher said, contending that the levels being proposed are too small to serve as a deterrent. Gellasch said high-frequency traders and other market intermediaries would simply pass their costs along to investors.</p>\n<p><b>Increased Disclosures for Short Sellers</b></p>\n<p>At present, hedge funds don’t have to disclose their positions when they bet against a company’s shares, as happened with GameStop. But should they be required to?</p>\n<p>Both Naylor of Public Citizen and Kelleher of Better Markets generally favor more regulation. “The world will not end if short-sellers have to disclose more information, because the world hasn’t ended in Europe,” Kelleher said.</p>\n<p>“Greater transparency there would be better for everybody,” Gellasch said. “It would also dispel some of the misinformation out there.”</p>\n<p>Gellasch added that there are nascent efforts in Congress to require more disclosure, but he cautioned against taking steps that would undermine what he and others see as the crucial role played by short-sellers in helping to keep share prices in line with a company’s potential earnings. That clearly got out of whack with GameStop, which closed as high as $347.51 a share last month despite not being expected to post a profit for years.</p>\n<p>“You do want to be careful, I don’t think you want to overcook it,” Gellasch said.</p>\n<p>Lynn Turner, a former SEC chief accountant, has argued that another issue lawmakers and regulators should examine is the size of short bets. Amid the GameStop frenzy, many market observers were shocked to learn that hedge funds and other professional investors had made bearish wagers against some companies that exceeded 100% of their stock, trading that Turner said looks like manipulation.</p>\n<p><b>What’s Next?</b></p>\n<p>The House plans to hold the first&nbsp;hearing&nbsp;on the GameStop mania Feb. 18. Payment for order flow, a tax on trades and short-selling rules will be debated significantly by lawmakers and witnesses, Gellasch predicts, with all three issues standing a good chance of being part of legislative proposals that emerge after the hearing.</p>\n<p>While a transaction tax requires action by Congress, Gellasch contends that the SEC already has authority to crack down on payments to brokers and to boost disclosure of short bets. But a demand from Capitol Hill -- or even lawmakers issuing a bill that never becomes law -- is often needed to get the agency to get moving on divisive policies, he said.</p>\n<p>“There’s a big difference between what they’re authorized to do and what they do,” Gellasch said. “Congressional legislation can sometimes nudge the SEC to do something.”</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>GameStop Revives Fights Over Stock Tax, HFT Firms Buying Orders</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGameStop Revives Fights Over Stock Tax, HFT Firms Buying Orders\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 17:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-02-10/gamestop-revives-fights-over-stock-tax-hft-firms-buying-orders><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Leading Democrats are calling for tougher financial regulation\nChanging the rules could be difficult in a divided Congress\n\nFrenzied trading of GameStop Corp.and other companies last month is reviving...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-02-10/gamestop-revives-fights-over-stock-tax-hft-firms-buying-orders\">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","AMC":"AMC院线","GME":"游戏驿站",".DJI":"道琼斯"},"source_url":"https://www.bloomberg.com/news/articles/2021-02-10/gamestop-revives-fights-over-stock-tax-hft-firms-buying-orders","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110425090","content_text":"Leading Democrats are calling for tougher financial regulation\nChanging the rules could be difficult in a divided Congress\n\nFrenzied trading of GameStop Corp.and other companies last month is reviving debate in Washington about changes that Wall Street has long opposed, including taxing stock purchases, banning brokerages from selling their customers’ orders and reining in short-selling.\nThe ideas being floated by some Democratic lawmakers have long been on the wish lists of consumer advocates, who argue they would prevent financial firms from preyingon retail investors and curb the excessive speculation that’s transformed the stock market into a casino, rather than a place where companies raise money to grow their businesses. But industry executives counter that policy revamps often have unintended consequences and that a transaction tax would ultimately increase trading costs for all shareholders.\nThe January tumult -- sparked by readers of Reddit’s WallStreetBets chat room and users of Robinhood Markets’ popular trading app -- will be examined by the House Financial Services Committee at a hearing next week and the Senate Banking Committee is planning to follow. While getting a rules overhaul through a bitterly divided Congress won’t be easy, here’s an overview from analysts, consumer advocates and other experts on what might be on the table:\nPayment for Order Flow\nAt the heart of the zero-commission trading platforms offered by Robinhood and other online brokerages is so-called payment for order flow, in which the firms steer investor trades to high-volume market makers such as Citadel Securities in exchange for fees.\nThe arrangements have helped expand access to stock markets by dramatically lowering costs for retail investors. Indeed, the free trades offered by Robinhood have become ubiquitous with competitors such as E*Trade Financial Corp.,Interactive Brokers Group Inc.and Charles Schwab Corp.all following suit.\nCitadel Securities,Virtu Financial Inc.and other firms that buy orders make money by taking advantage of minuscule price changes in the market -- seeking to almost instantaneously sell shares for more than they paid for them.\nCritics contend that payment for order flow can leave brokerages beholden to giant financial firms, including high-frequency traders, with their customers unaware of the potential conflicts. The Securities and Exchange Commission has also brought cases tied to the practice, including fining Robinhood $65 millionin December for allegedly failing to inform clients that it sold their orders -- claims that the firm didn’tadmitor deny.\n“Payment for order flow is essentially legalized bribery that creates conflict of interest that incentivize brokers to breach their duties to their clients,” said Better Markets Inc. Chief Executive Officer Dennis Kelleher, who wants to see it banned.\nTyler Gellasch, a former Senate and SEC counsel who now leads the Healthy MarketsAssociation, offered a similarly caustic view.\n“In few other circumstances do we say, ‘Look on the one hand you have a duty to give customers the best prices; on the other hand you’re allowed to accept bribes and not pass it through, or even disclose to your customers how much they are,’” Gellasch said.\nBut Graham Steele, a former Senate Banking Committee staff member who now leads the Corporations and Society Initiative at Stanford’s University’s Graduate School of Business, said challenges to payment for order flow have been raised in response to previous market disruptions, but lawmakers and the SEC have failed to find a way to address the problems it poses.\n“The same issues come up every time and there’s a reason that progress hasn’t been made,” Steele said. “A lot of the market participantsfeellike this is the worst option except for all the others.”\nOne issue that might be particularly thorny for lawmakers who are skeptical of payment for order flow is that they probably have constituents who love trading stocks for free. Figuring out a way to boost safeguards while preserving that expectation for no-cost trades could be difficult.\nFinancial Transaction Tax\nDiscussion about imposing a tax on financial transactions dates back more than a decade, to when then-President Barack Obama’s administration thwarted plans for a levy that were advocated by congressional Democrats and the European Union after the 2008 financial crisis. More recently, Hillary Clinton campaigned for president in 2016 on a Democratic platform backing a transaction tax and Senator Bernie Sanders pushed the idea in his campaign for president last year.\nTransaction tax backers like Bartlett Naylor, a financial policy advocate for Public Citizen, say charging a few basis points every time a financial asset is traded would cut down on high-frequency trading and cause investors to think twice before making speculative bets. Opponents such as Tom Quaadman, who leads the U.S. Chamber of Commerce’ Center for Capital Markets Competitiveness, contend that such a tax would “increase the costs for pension funds and harm investors.”\nAnd even some supporters like Kelleher of Better Markets and Gellasch of Healthy Markets say a transaction tax wouldn’t have prevented the kind of wild trading that pushed GameStop shares to stratospheric levels.\n“I don’t think a financial transaction fee would have had any impact on the trading in the meme stocks,” Kelleher said, contending that the levels being proposed are too small to serve as a deterrent. Gellasch said high-frequency traders and other market intermediaries would simply pass their costs along to investors.\nIncreased Disclosures for Short Sellers\nAt present, hedge funds don’t have to disclose their positions when they bet against a company’s shares, as happened with GameStop. But should they be required to?\nBoth Naylor of Public Citizen and Kelleher of Better Markets generally favor more regulation. “The world will not end if short-sellers have to disclose more information, because the world hasn’t ended in Europe,” Kelleher said.\n“Greater transparency there would be better for everybody,” Gellasch said. “It would also dispel some of the misinformation out there.”\nGellasch added that there are nascent efforts in Congress to require more disclosure, but he cautioned against taking steps that would undermine what he and others see as the crucial role played by short-sellers in helping to keep share prices in line with a company’s potential earnings. That clearly got out of whack with GameStop, which closed as high as $347.51 a share last month despite not being expected to post a profit for years.\n“You do want to be careful, I don’t think you want to overcook it,” Gellasch said.\nLynn Turner, a former SEC chief accountant, has argued that another issue lawmakers and regulators should examine is the size of short bets. Amid the GameStop frenzy, many market observers were shocked to learn that hedge funds and other professional investors had made bearish wagers against some companies that exceeded 100% of their stock, trading that Turner said looks like manipulation.\nWhat’s Next?\nThe House plans to hold the first hearing on the GameStop mania Feb. 18. Payment for order flow, a tax on trades and short-selling rules will be debated significantly by lawmakers and witnesses, Gellasch predicts, with all three issues standing a good chance of being part of legislative proposals that emerge after the hearing.\nWhile a transaction tax requires action by Congress, Gellasch contends that the SEC already has authority to crack down on payments to brokers and to boost disclosure of short bets. But a demand from Capitol Hill -- or even lawmakers issuing a bill that never becomes law -- is often needed to get the agency to get moving on divisive policies, he said.\n“There’s a big difference between what they’re authorized to do and what they do,” Gellasch said. “Congressional legislation can sometimes nudge the SEC to do something.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383368034,"gmtCreate":1612839751328,"gmtModify":1704874839377,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","listText":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more&nbsp;stable. Anyways, please comment and like for likesand follow back thanks!","text":"Buying Tencent is literally buying an ETF. They have so many fingers in many pies. It is not as flashy as EV plays but it is more stable. Anyways, please comment and like for likesand follow back thanks!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383368034","repostId":"2110055481","repostType":4,"repost":{"id":"2110055481","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1612839116,"share":"https://ttm.financial/m/news/2110055481?lang=&edition=fundamental","pubTime":"2021-02-09 10:51","market":"us","language":"en","title":"Tencent bolsters defenses for core businesses as ByteDance muscles into its turf","url":"https://stock-news.laohu8.com/highlight/detail?id=2110055481","media":"Reuters","summary":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company","content":"<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</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>Tencent bolsters defenses for core businesses as ByteDance muscles into its turf</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\">\nTencent bolsters defenses for core businesses as ByteDance muscles into its turf\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-09 10:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd&nbsp;may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.</p>\n<p>Rapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.</p>\n<p>That has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.</p>\n<p>It is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.</p>\n<p>To buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.</p>\n<p>\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.</p>\n<p>The executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.</p>\n<p><b>NO LOVE LOST</b></p>\n<p>In 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.</p>\n<p>That includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.</p>\n<p>Asked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.</p>\n<p>\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.</p>\n<p>ByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".</p>\n<p>Established only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.</p>\n<p>In 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.</p>\n<p>The potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.</p>\n<p><b>MAKING IT HARD FOR BYTEDANCE</b></p>\n<p>Best known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.</p>\n<p>The reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".</p>\n<p>Tencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.</p>\n<p>\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.</p>\n<p>Tencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.</p>\n<p>Tencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings</p>\n<p>- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.</p>\n<p>It took action after Douyin and another rival Bilibili</p>\n<p>began gaining traction in games livestreaming services, they added.</p>\n<p>In other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, <a href=\"https://laohu8.com/S/AONE\">one</a> of the sources said.</p>\n<p>For majority-owned China Literature , Tencent sent <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.</p>\n<p>Attempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.</p>\n<p>The gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.</p>\n<p>Regulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.</p>\n<p>Sources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"00772":"阅文集团","00700":"腾讯控股","BILI":"哔哩哔哩","QNETCN":"纳斯达克中美互联网老虎指数","HUYA":"虎牙","TCEHY":"腾讯控股ADR"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2110055481","content_text":"HONG KONG/SHANGHAI, Feb 9 (Reuters) - Tencent Holdings Ltd may be the world's largest gaming company and a Chinese internet powerhouse worth more than $900 billion, but it's also spooked.\nRapidly growing ByteDance, the owner of TikTok and the similar Chinese short video platform Douyin, has made sizeable inroads into business areas Tencent holds dear - including ads, gaming, livestreaming, social media and office software.\nThat has forced Tencent over the past year to become less of absent parent and much more hands-on with some of the 800-plus companies it has invested in, sources at Tencent and its portfolio firms told Reuters.\nIt is now helping key firms revamp their business models to head off ByteDance while coaxing them to stop competing with each other, the sources said.\nTo buttress its core gaming division, the Shenzhen-based company has also stepped up acquisitions and the development of casual games.\n\"ByteDance is pressing hard so as a defensive strategy, Tencent has to go on the offensive and at the same time exert more influence on portfolio companies to form a line of defence,\" said a Tencent executive.\nThe executive, like other sources for this article, declined to be identified as he was not authorised to speak to media on the matter.\nNO LOVE LOST\nIn 2018, ByteDance founder Zhang Yiming traded barbs with Tencent founder Pony Ma, accusing Tencent of blocking and copying Douyin, and the feud has since escalated into a volley of lawsuits.\nThat includes a suit from Douyin last week accusing Tencent of monopolistic behaviour. Tencent said the claims were false, accused Douyin of illegally gaining user information and vowed to file more suits against ByteDance.\nAsked to comment on changes to its strategies and the feud, Tencent said in a statement to Reuters that ByteDance and related companies have hurt the interests of its partners and rights of its users.\n\"We are committed and will take legal action to protect our healthy ecosystem,\" it said.\nByteDance argues WeChat users should have control of their data and the data isn't owned by Tencent. It said in a statement it was seeking to protect its rights and those of its users and that \"competition is better for consumers and promotes innovation\".\nEstablished only in 2012, Beijing-based ByteDance has become a prolific 'app factory' valued at some $180 billion. It is now 22-year-old Tencent's biggest threat, eclipsing long-time rivals Alibaba Group Holding and Baidu Inc , Tencent sources said.\nIn 2019, ByteDance became China's second largest digital ad player behind Alibaba, leapfrogging Tencent and Baidu in the process. Its share of Chinese app users' screen time has also grown, to 15% as of end-September from 12% a year earlier, while Tencent's share fell to 41% from 45%, according to analytics firm QuestMobile.\nThe potential for ByteDance to use Douyin and other apps to direct traffic to new business lines, similar to how Tencent leveraged its WeChat and QQ social media products, has pushed Tencent to formulate new strategies, the sources added.\nMAKING IT HARD FOR BYTEDANCE\nBest known for more sophisticated money-making titles like \"Honor of Kings\", Tencent is also now churning out simple casual games typically played on mobile phones - a segment it was once dismissive of as not very profitable, sources said.\nThe reason? ByteDance's growing library of such games, currently over 150, that include notable hits like \"My Kungfu is Special\" and \"Rooster Defense\".\nTencent has boosted its line-up with an investment last year in France's Voodoo, which already had a presence in China. Tencent then acquired Chinese firm Leyou, known for the action game \"Warframe\", but which also has many simple casual games.\n\"Obviously these games don't bring Tencent much revenue. The sole purpose is to just make it hard for ByteDance to succeed,\" said a ByteDance gaming executive.\nTencent invested in 30 gaming firms last year compared to its usual practice of about 10 per year - a strategy aimed at preventing ByteDance, which has been working on more sophisticated games, from gaining a greater foothold in the industry, sources said.\nTencent is also responsible for game-streaming firm Huya Inc's plans to acquire DouYu International Holdings\n- putting an end to a destructive rivalry that saw regular poaching of each other's celebrities, sources familiar with the matter said.\nIt took action after Douyin and another rival Bilibili\nbegan gaining traction in games livestreaming services, they added.\nIn other business areas, ByteDance's development of a search engine was a factor behind Tencent's plans to buy out the rest of search engine Sogou for $3.5 billion and take it private, one of the sources said.\nFor majority-owned China Literature , Tencent sent one of its senior executives to lead the online reading platform and made most of its content free - moves analysts have said were made in response to the success of a rival offering launched by ByteDance.\nAttempts by Tencent to ward off ByteDance's encroachment of its territory could, however, become complicated by a recent antitrust review by Chinese regulators of internet firms.\nThe gaming market remains fragmented and Tencent is less vulnerable to regulatory action there, but the overwhelming dominance of WeChat as a social media forum in China - the basis for ByteDance's latest suit - is hard to deny, lawyers say.\nRegulatory approval of the Huya-DouYu deal might come with the condition that other platforms be allowed to livestream Tencent-owned games, said You Yunting, a lawyer with Shanghai-based The Bund Law Office.\nSources with direct knowledge of the matter have also said Tencent's Sogou deal will face a thorough review and there is a good chance it may not close as planned.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380736378,"gmtCreate":1612587108194,"gmtModify":1704873096845,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","listText":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","text":"Sgx is getting leas desirable. Especially when we have easy access to other markets through TIGR :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380736378","repostId":"2109727286","repostType":4,"isVote":1,"tweetType":1,"viewCount":52,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380118485,"gmtCreate":1612522860747,"gmtModify":1704872330405,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"What a ride it was the last week. But is&nbsp;the show over though??","listText":"What a ride it was the last week. But is&nbsp;the show over though??","text":"What a ride it was the last week. But is the show over though??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/380118485","repostId":"1180970570","repostType":4,"repost":{"id":"1180970570","kind":"news","pubTimestamp":1612501989,"share":"https://ttm.financial/m/news/1180970570?lang=&edition=fundamental","pubTime":"2021-02-05 13:13","market":"us","language":"en","title":"The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America","url":"https://stock-news.laohu8.com/highlight/detail?id=1180970570","media":"marketwatch","summary":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now droppi","content":"<p>Shares of GameStop&nbsp;and other companies or&nbsp;assets that shot upin value in recent weeks are now&nbsp;dropping&nbsp;like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.</p><p>The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.</p><p>As a finance professor who does&nbsp;research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.</p><p>Capital markets aren’t casinos</p><p>Some have portrayed&nbsp;GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?</p><p>The first thing to keep in mind is that markets aren’t a big casino,&nbsp;as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.</p><p>Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without&nbsp;access to capital markets.</p><p>The more jaundiced view of markets focuses on episodes when&nbsp;markets seemingly go crazy&nbsp;and on the&nbsp;speculative gambling behavior of some traders, such as&nbsp;hedge funds. The GameStop saga feeds into this storyline.</p><p>But GameStop also illustrates what happens when stock prices don’t reflect reality.</p><p>The GameStop bubble</p><p>GameStop fundamentals&nbsp;are, to put it mildly, lackluster.</p><p>The company is a brick-and-mortar chain of video game stores. Most video game sales now&nbsp;take place as digital downloads. GameStop&nbsp;has been slow&nbsp;to adapt to this new reality. Its revenue peaked in&nbsp;2012 at US$9.55 billion&nbsp;and had dropped by a third&nbsp;as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.</p><p>The recent speculative frenzy, however, increased the GameStop stock price&nbsp;from under $20 in early January to as high as $483&nbsp;in a little over two weeks,&nbsp;driven by retail investors on Reddit&nbsp;who coordinated their buying to harm hedge funds,&nbsp;costing the professionals billions of dollars.</p><p>It is&nbsp;clearly a speculative price bubble&nbsp;and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially&nbsp;those attracted by the extreme price moves&nbsp;and media coverage — will be left holding the bag.</p><p>And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares&nbsp;were trading near $70for the first time since Jan. 25.</p><p>The problems begin when that doesn’t happen until too late.</p><p>Bubbles are made to pop</p><p>Financial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.</p><p>That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.</p><p>Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 —&nbsp;after prices of dozens of tech stocks soared exponentially in the late 1990s&nbsp;— an&nbsp;economic recession&nbsp;followed soon after. The bursting of a&nbsp;housing bubble in 2008&nbsp;triggered a global financial crisis and the Great Recession.</p><p>Too much momentum</p><p>So markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.</p><p>Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.</p><p>In recent days, Reddit users have also driven up the&nbsp;prices of silverSI00,0.61%&nbsp;and&nbsp;companies&nbsp;such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood&nbsp;have made trading easy, fun&nbsp;and basically free.</p><p>The share price of TeslaTSLA,-0.55%,for example,&nbsp;skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called&nbsp;momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.</p><p>If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the&nbsp;already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation&nbsp;could hurt public confidence&nbsp;in financial markets, which would make people more reluctant to invest in retirement and other programs.</p><p>Warren Buffett&nbsp;once said&nbsp;about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”</p><p>What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.</p><p>There’s no particular reason it won’t happen again.</p><p><i>Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from&nbsp;crashing“.</i></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>The dark side of the GameStop bubble: Driving stock prices to the moon can hurt America</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe dark side of the GameStop bubble: Driving stock prices to the moon can hurt America\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 13:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.marketwatch.com/story/the-dark-side-of-the-gamestop-bubble-driving-stock-prices-to-the-moon-can-hurt-america-11612457839?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180970570","content_text":"Shares of GameStop and other companies or assets that shot upin value in recent weeks are now dropping like stones. While I feel sorry for the many investors who will likely lose a lot of money, the stocks’ return to Earth is actually a good thing — if you want to avoid financial meltdown to the long list of crises the U.S. is facing.The reason has to do with what financial markets are — and what they are not — as well as what happens when prices of stocks and other securities become untethered from the fundamental value of the assets they’re meant to represent.As a finance professor who does research on how markets respond to new information, I believe it is important to maintain a close link between security prices and fundamentals. When that stops happening, a market collapse may be not far behind.Capital markets aren’t casinosSome have portrayed GameStopGME,-42.11%as a David vs. Goliath story. According to that narrative, the big guys on Wall Street have been getting rich gambling on the stock marketSPX,+1.09%for years. What’s the problem when the little guy gets a chance?The first thing to keep in mind is that markets aren’t a big casino, as some seem to believe. Their core purpose is to efficiently connect investors with companies and other organizations that will make the most productive use of their cash.Accurate market prices, meant to reflect a company’s expected profits and overall risk level, provide an important signal to investors whether they should hand over their money and what they should get in return. Companies like AppleAAPL,+2.58%and AmazonAMZN,+0.56%simply would not exist as we know them today without access to capital markets.The more jaundiced view of markets focuses on episodes when markets seemingly go crazy and on the speculative gambling behavior of some traders, such as hedge funds. The GameStop saga feeds into this storyline.But GameStop also illustrates what happens when stock prices don’t reflect reality.The GameStop bubbleGameStop fundamentals are, to put it mildly, lackluster.The company is a brick-and-mortar chain of video game stores. Most video game sales now take place as digital downloads. GameStop has been slow to adapt to this new reality. Its revenue peaked in 2012 at US$9.55 billion and had dropped by a third as of 2019. It hasn’t earned a profit since 2017. Put simply, it is a money-losing company in a competitive and quickly changing industry.The recent speculative frenzy, however, increased the GameStop stock price from under $20 in early January to as high as $483 in a little over two weeks, driven by retail investors on Reddit who coordinated their buying to harm hedge funds, costing the professionals billions of dollars.It is clearly a speculative price bubble and has some characteristics of a Ponzi scheme. Many small investors who “get on the train” late and buy at the inflated prices — especially those attracted by the extreme price moves and media coverage — will be left holding the bag.And sooner or later, the stock price will likely come back to Earth to a level that can be supported by the fundamentals of the company. Before midday on Feb. 4, shares were trading near $70for the first time since Jan. 25.The problems begin when that doesn’t happen until too late.Bubbles are made to popFinancial markets are made up of people. People are imperfect, and so are markets. This means market prices are not always “right” — and it’s often hard to know what the “right” price is.That is true when it comes to the price bubbles in individual stocks like GameStop. But it’s also true on a much bigger scale, when it comes to a market as a whole.Price bubbles and crashes are good for neither Wall Street nor Main Street. When the dot-com bubble popped in 2000 — after prices of dozens of tech stocks soared exponentially in the late 1990s — an economic recession followed soon after. The bursting of a housing bubble in 2008 triggered a global financial crisis and the Great Recession.Too much momentumSo markets fail sometimes, and we need sensible regulation and enforcement to make such failures less likely.Taken in isolation, the GameStop craze is unlikely to trigger a disruption to the overall stock market, especially if its price continues to fall more in line with the company’s fundamental value. Unfortunately, this was not an isolated case. Nor was GameStop the first sign of problems.In recent days, Reddit users have also driven up the prices of silverSI00,0.61% and companies such as BlackBerryBB,+1.25%and movie theater giant AMC EntertainmentAMC,-20.96%.Popular trading apps like Robinhood have made trading easy, fun and basically free.The share price of TeslaTSLA,-0.55%,for example, skyrocketed 720% last year, in large part when investors bought the stock because it was already rising. This is called momentum investing, a trading strategy in which investors buy securities because they are going up — selling them only when they think the price has peaked.If this continues, it will likely lead to more financial bubbles and crashes that could make it harder for companies to raise capital, posing a threat to the already limping U.S. economic recovery. Even if the worst doesn’t happen, large price movements and allegations of price manipulation could hurt public confidence in financial markets, which would make people more reluctant to invest in retirement and other programs.Warren Buffett once said about stock market behavior: “The light can at any time go from green to red without pausing at yellow.”What he meant was that markets can turn on a dime and plunge. He saw these moments as opportunities to find deals in the market, but for most people they result in panic, heavy losses and economic consequences like mass unemployment — as we saw in 1929, 2000 and 2008.There’s no particular reason it won’t happen again.Alexander Kurov is a professor of finance and holds the Fred T. Tattersall Research Chair in Finance at West Virginia University In Morgantown. This was first published byThe Conversation— “Wall Street isn’t just a casino where traders can bet on GameStop and other stocks – it’s essential to keeping capitalism from crashing“.","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382257733,"gmtCreate":1613457197122,"gmtModify":1704880661193,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","listText":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","text":"What is that supposed to mean? Comment and like back please.Sent from my iPhone.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382257733","repostId":"1136473777","repostType":4,"repost":{"id":"1136473777","kind":"news","pubTimestamp":1613454751,"share":"https://ttm.financial/m/news/1136473777?lang=&edition=fundamental","pubTime":"2021-02-16 13:52","market":"us","language":"en","title":"Sell Apple And Buy Alphabet Lookback: Why Valuation Matters","url":"https://stock-news.laohu8.com/highlight/detail?id=1136473777","media":"seekingalpha","summary":"Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Last August, I advocated selling Apple and buying Alphabet.&nbsp; The thesis was based upon the underlying comparative valuation story.</li>\n <li>Six months later, since touching $500, AAPL investors gained 8.6 percent.&nbsp;Buying GOOGL at $1503 yielded a 39 percent return.</li>\n <li>It's a tale of two tremendous U.S. companies; within their respective industries, probably the best in show.</li>\n <li>But the best in show doesn't mean the stock is a buy at any price.</li>\n</ul>\n<p>About six months ago, Seeking Alpha editors published an article I wrote entitled, “Sell Apple and Buy Alphabet.” It generated considerable reader interest.</p>\n<p>This is a follow-up article.</p>\n<p><b>Background</b></p>\n<p>In mid-August 2020, I scaled out of Apple (AAPL) stock and used the proceeds to purchase Alphabet (GOOGL)(GOOG).</p>\n<p>I closed the Apple position at $500 a share, or the equivalent of $125 post 4-for-1 split.</p>\n<p><img src=\"https://static.tigerbbs.com/c18c992c1d907ff123ab690092462412\" tg-width=\"311\" tg-height=\"180\" referrerpolicy=\"no-referrer\"></p>\n<p>I believed $500 a share was just too rich for the stock. To be fair, I also sold some Apple shares in June, at lower prices. But the premise of the article was Apple Inc. at $500 a share was just too rich. The underlying fundamentals didn't support it. So I pulled the plug on a position first opened in 2010. The stock was held in a tax-deferred account.</p>\n<p>Meanwhile, I took the AAPL proceeds and doubled my position in Alphabet.</p>\n<p><img src=\"https://static.tigerbbs.com/80dea63522140afe3123212127a06309\" tg-width=\"295\" tg-height=\"153\" referrerpolicy=\"no-referrer\"></p>\n<p>I purchased shares between the middle of August and the first few days of October. The average bid price on the incremental position was $1503.</p>\n<p><b>Subsequent Price Action</b></p>\n<p>Now I will be the first to tell you six months doesn't prove a thesis definitively. As an investor (versus a trader or speculator), I generally hold a stock for at least 18 months. Through experience, I've found this to be the minimum amount of time I like to hold a stock in order to give an original investment thesis the \"chance to be right.” Exceptions are cases whereby the original investment thesis is busted. If that happens, I don't wait and hope for things to change. I get out. Alternatively, if a stock runs up much too far, too fast, I may also exit a position early.</p>\n<p>Nonetheless, the six-month return delta between AAPL and GOOGL is so stark it seems a reasonable call out.</p>\n<p>Since I sold the balance of my AAPL stock, the price improved from split-adjusted $124.99 to $135.40. That's an 8.3% increase in six months. Including two dividend payments, the total return would have been 8.6 percent. That's not bad.</p>\n<p>On the other hand, GOOGL shares moved from $1503 (my aggregate purchase price) to $2095.<b>That's a 39% gain.</b></p>\n<p>The upshot isn't to point out making a good six-month call. It's to evaluate the decision-making process behind the call, then plot a path forward.</p>\n<p><b>Apple Shares Were Dear And Remain Dear</b></p>\n<p>In August 2020, my contention was AAPL prices got way ahead of the fundamentals.</p>\n<p>At the time, fiscal year 3Q 2020 (period ending June 30) corporate cash flow was up sharply. Apple Services revenue and margins were advancing nicely, but Apple Products margins were sagging. The Street forecast $15.02 ($3.76 split-adjusted) EPS for 2020 fiscal year, and $18.09 ($4.52 split-adjusted) operating cash flow per share.</p>\n<p>Shares were trading at over 35x earnings, and 26x cash flow.</p>\n<p>Now, with the benefit of two additional quarters behind us, we find the full-year EPS came in at $3.26 and cash flow at $4.60 per share: earnings results were light, and cash flow recorded a modest beat.</p>\n<p>Adding in an additional set of quarterly results (for the period ending 12/31/20), shares now trade at 37x trailing earnings, and 27x cash flow.</p>\n<p>The long-term P/E and P/OCF multiples have been ~16x and 12x, respectively.</p>\n<p>Therefore, while registering an 8.6% total return since mid-August, AAPL shares now appear even MORE overvalued than before.</p>\n<p>Two F.A.S.T. Graphs illustrate the foregoing:</p>\n<p><img src=\"https://static.tigerbbs.com/13c306c732836423e10bfbb5506e6fa9\" tg-width=\"640\" tg-height=\"421\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/56f9f7cb3aded328606c6f289f6cddc9\" tg-width=\"640\" tg-height=\"407\" referrerpolicy=\"no-referrer\"></p>\n<p>For a good growth stock, it's customary to look at forward EPS. Based upon current Street estimates, Apple Inc. is trading at 30x this years' EPS, and 25x cash flow. These multiples are still far above the long-term average.</p>\n<p>Note I selected charts whereby the actual long-term growth rates approximate the current expected two-year forward growth rates.</p>\n<p><b>Alphabet Stock Is No Longer A Bargain</b></p>\n<p>Meanwhile, back in August 2020, analysts were setting up Alphabet investors for an off year. The COVID-related economic slowdown certainly affected the business: primarily Google advertising revenue.</p>\n<p>Alphabet met or exceeded 2Q and first-half 2020 numbers; however, revenue, margins, and operating income were contracting.</p>\n<p>Back in August, analysts called for full-year (ending December 31) EPS and cash flow per share to be $44.61 and $78.02, respectively. The Street expected declining year-over-year figures.</p>\n<p>GOOGL shares were trading at 33x EPS, and under 20x operating cash flow. The long-term trimmed averages were 28x and 22x. The earnings multiple indicated approximate Fair Value, while the shares were inexpensive on cash flow.</p>\n<p>So what happened?</p>\n<p>Indeed, Alphabet's numbers rebounded faster than expected. The Street underestimated the snap-back.</p>\n<p>But the real story was valuation.</p>\n<p>GOOGL posted full-year EPS and cash flow per share figures of $58.61 and $88.82, thereby stomping Street consensus.</p>\n<p>Currently, Alphabet shares now trade at 36x trailing earnings and 24x cash flow.</p>\n<p>Long-term P/E and P/OCF multiples are 26x and 19x, respectively.</p>\n<p>Another pair of F.A.S.T. Graphs paint the picture:</p>\n<p><img src=\"https://static.tigerbbs.com/6960a587ee820131fd170fb115522b71\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/c3dd7944fc66f878f6a50d4e2f6260ed\" tg-width=\"640\" tg-height=\"405\" referrerpolicy=\"no-referrer\"></p>\n<p>On a forward basis, GOOGL is trading at 30x EPS and 18x operating cash flow.</p>\n<p>Indeed, after the big run-up, Alphabet stock has gone from fairly valued / inexpensive to fairly valued / moderately overvalued.</p>\n<p><b>Summing It Up</b></p>\n<p>Here's a recap summary table comparing Apple and Alphabet valuation metrics today versus August 2020:</p>\n<p><b>Apple versus Alphabet Valuation Summary</b></p>\n<table>\n <tbody>\n  <tr>\n   <td><p><i><b>Apple (Feb '21)</b></i></p></td>\n   <td><p><i><b>Apple (August '20)</b></i></p></td>\n   <td><p><i><b>Alphabet (Feb '21)</b></i></p></td>\n   <td><p><i><b>Alphabet (August '20)</b></i></p></td>\n  </tr>\n  <tr>\n   <td><p>Blended P/E</p></td>\n   <td><p>36.5x</p></td>\n   <td><p>35.6x</p></td>\n   <td><p>35.0x</p></td>\n   <td><p>32.8x</p></td>\n  </tr>\n  <tr>\n   <td><p>Historical P/E*</p></td>\n   <td><p>16x</p></td>\n   <td><p>15x</p></td>\n   <td><p>26x</p></td>\n   <td><p>28x</p></td>\n  </tr>\n  <tr>\n   <td><p>Blended P/OCF</p></td>\n   <td><p>28x</p></td>\n   <td><p>25.9x</p></td>\n   <td><p>22.8x</p></td>\n   <td><p>19.6x</p></td>\n  </tr>\n  <tr>\n   <td><p>Historical P/OCF*</p></td>\n   <td><p>12x</p></td>\n   <td><p>11x</p></td>\n   <td><p>19x</p></td>\n   <td><p>22x</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected EPS growth FY 2021</p></td>\n   <td><p>35%</p></td>\n   <td><p>19%</p></td>\n   <td><p>19%</p></td>\n   <td><p>27%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected EPS growth FY 2022</p></td>\n   <td><p>5%</p></td>\n   <td><p>7%</p></td>\n   <td><p>15%</p></td>\n   <td><p>21%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected OCF growth FY 2021</p></td>\n   <td><p>19%</p></td>\n   <td><p>8%</p></td>\n   <td><p>27%</p></td>\n   <td><p>21%</p></td>\n  </tr>\n  <tr>\n   <td><p>Projected OCF FY 2022</p></td>\n   <td><p>2%</p></td>\n   <td><p>1%</p></td>\n   <td><p>17%</p></td>\n   <td><p>20%</p></td>\n  </tr>\n </tbody>\n</table>\n<p>AAPL stock was heavily overvalued in August 2020. Based upon trailing twelve-month multiples, the shares remain overvalued today. Looking ahead, the most recent 2021 earnings and cash flow growth forecasts have risen significantly, while 2022 estimates remained about the same. On a forward basis, AAPL stock trades at 30x EPS and 25x cash flow. That's still far above historical averages.</p>\n<p>GOOGL stock was undervalued on cash flow in August 2020. It's a mixed bag now; Alphabet isn't in the bargain bin. Based upon TTM multiples, shares are trading above Fair Value today. Looking ahead, 2021 and 2022 EPS estimates have fallen since August. The 2021 cash flow forecast is higher, and the 2022 forecast is a bit lower. To be fair, I believe current EPS forecasts have decreased due to the company crushing estimates over the past two quarters. Based upon 2021 estimates, GOOGL stock is trading at 30x earnings and 18x operating cash flow. That's a little high on EPS, and about on par for OCF.</p>\n<p><b>What's actionable now?</b></p>\n<p>Investors make forward decisions upon where a company's earnings and cash flow are going; not where they've been. We've already looked at forward P/E and P/CF. Now, let's look at PEG ratios. When evaluating a growth stock, the PEG ratio is often one of the most helpful signals. It's determined by taking the current P/E and dividing it by the forward growth rate. When determining the forward growth rate, I like to look out two years. While some PEG ratios look up to five years out, I believe this is too speculative. The Street has a hard enough time forecasting EPS just two years out. Five years out? It's just a guesstimate.</p>\n<p>A PEG under 1.0x indicates good value. If the PEG is between 1.0x and 2.0x, it suggests fair value. When the PEG is greater than 2.0x, a stock may be considered overvalued.</p>\n<p>Currently, the Street marks Apple's two-year EPS growth forecast at 19 percent per annum. Therefore, the PEG2 ratio is 1.9x. That's no bargain.</p>\n<p>Over the next two years, Alphabet is projected to grow earnings by 17 percent a year. The PEG2 ratio is 2.0x. That's not a bargain, either.</p>\n<p>Based upon my knowledge of the business, I place more emphasis upon Alphabet's ability to generate operating cash than net income; however, that's still not enough to get me overly excited about buying GOOGL stock at $2095 a share.</p>\n<p><b>The Bottom Line</b></p>\n<p>With the benefit of hindsight, moving money out of Apple and into Alphabet stock turned out well. Over the past six months, Apple stock advanced 8.6% while Alphabet broke out with a 39% gain. Back in August 2020, the decision to sell one and buy the other was based upon valuation and probabilities. These two companies are two of the best-run businesses on the planet. AAPL and GOOGL are great stocks to own: but not at any price. Valuation matters.</p>\n<p>Apple Inc.'s shares are still too rich for me. I'm not excited unless AAPL drops to less than $84. Today, it's not in the right zip code.</p>\n<p>Alphabet was a solid buyback in late summer 2020. Analysts were fretting about COVID-19 ad contraction; even if correct, the phenomenon was likely to be transient versus terminal. The stock appeared to offer far better value than Apple. Nonetheless, after a big runup, GOOGL isn't a bargain pick. After a six-month 39% run, it's time to take a little off the table, wait for lower prices, then seek to repurchase the shares. I lopped an eighth of my position off at $2090, and plan to sell another eighth if the stock breaks $2100. GOOGL starts looking attractive again ~$1700 a share.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sell Apple And Buy Alphabet Lookback: Why Valuation Matters</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\">\nSell Apple And Buy Alphabet Lookback: Why Valuation Matters\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the underlying comparative valuation story.\nSix months later, since touching $500, AAPL investors gained...</p>\n\n<a href=\"https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4406209-sell-apple-and-buy-alphabet-lookback-why-valuation-matters","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1136473777","content_text":"Summary\n\nLast August, I advocated selling Apple and buying Alphabet.  The thesis was based upon the underlying comparative valuation story.\nSix months later, since touching $500, AAPL investors gained 8.6 percent. Buying GOOGL at $1503 yielded a 39 percent return.\nIt's a tale of two tremendous U.S. companies; within their respective industries, probably the best in show.\nBut the best in show doesn't mean the stock is a buy at any price.\n\nAbout six months ago, Seeking Alpha editors published an article I wrote entitled, “Sell Apple and Buy Alphabet.” It generated considerable reader interest.\nThis is a follow-up article.\nBackground\nIn mid-August 2020, I scaled out of Apple (AAPL) stock and used the proceeds to purchase Alphabet (GOOGL)(GOOG).\nI closed the Apple position at $500 a share, or the equivalent of $125 post 4-for-1 split.\n\nI believed $500 a share was just too rich for the stock. To be fair, I also sold some Apple shares in June, at lower prices. But the premise of the article was Apple Inc. at $500 a share was just too rich. The underlying fundamentals didn't support it. So I pulled the plug on a position first opened in 2010. The stock was held in a tax-deferred account.\nMeanwhile, I took the AAPL proceeds and doubled my position in Alphabet.\n\nI purchased shares between the middle of August and the first few days of October. The average bid price on the incremental position was $1503.\nSubsequent Price Action\nNow I will be the first to tell you six months doesn't prove a thesis definitively. As an investor (versus a trader or speculator), I generally hold a stock for at least 18 months. Through experience, I've found this to be the minimum amount of time I like to hold a stock in order to give an original investment thesis the \"chance to be right.” Exceptions are cases whereby the original investment thesis is busted. If that happens, I don't wait and hope for things to change. I get out. Alternatively, if a stock runs up much too far, too fast, I may also exit a position early.\nNonetheless, the six-month return delta between AAPL and GOOGL is so stark it seems a reasonable call out.\nSince I sold the balance of my AAPL stock, the price improved from split-adjusted $124.99 to $135.40. That's an 8.3% increase in six months. Including two dividend payments, the total return would have been 8.6 percent. That's not bad.\nOn the other hand, GOOGL shares moved from $1503 (my aggregate purchase price) to $2095.That's a 39% gain.\nThe upshot isn't to point out making a good six-month call. It's to evaluate the decision-making process behind the call, then plot a path forward.\nApple Shares Were Dear And Remain Dear\nIn August 2020, my contention was AAPL prices got way ahead of the fundamentals.\nAt the time, fiscal year 3Q 2020 (period ending June 30) corporate cash flow was up sharply. Apple Services revenue and margins were advancing nicely, but Apple Products margins were sagging. The Street forecast $15.02 ($3.76 split-adjusted) EPS for 2020 fiscal year, and $18.09 ($4.52 split-adjusted) operating cash flow per share.\nShares were trading at over 35x earnings, and 26x cash flow.\nNow, with the benefit of two additional quarters behind us, we find the full-year EPS came in at $3.26 and cash flow at $4.60 per share: earnings results were light, and cash flow recorded a modest beat.\nAdding in an additional set of quarterly results (for the period ending 12/31/20), shares now trade at 37x trailing earnings, and 27x cash flow.\nThe long-term P/E and P/OCF multiples have been ~16x and 12x, respectively.\nTherefore, while registering an 8.6% total return since mid-August, AAPL shares now appear even MORE overvalued than before.\nTwo F.A.S.T. Graphs illustrate the foregoing:\n\nFor a good growth stock, it's customary to look at forward EPS. Based upon current Street estimates, Apple Inc. is trading at 30x this years' EPS, and 25x cash flow. These multiples are still far above the long-term average.\nNote I selected charts whereby the actual long-term growth rates approximate the current expected two-year forward growth rates.\nAlphabet Stock Is No Longer A Bargain\nMeanwhile, back in August 2020, analysts were setting up Alphabet investors for an off year. The COVID-related economic slowdown certainly affected the business: primarily Google advertising revenue.\nAlphabet met or exceeded 2Q and first-half 2020 numbers; however, revenue, margins, and operating income were contracting.\nBack in August, analysts called for full-year (ending December 31) EPS and cash flow per share to be $44.61 and $78.02, respectively. The Street expected declining year-over-year figures.\nGOOGL shares were trading at 33x EPS, and under 20x operating cash flow. The long-term trimmed averages were 28x and 22x. The earnings multiple indicated approximate Fair Value, while the shares were inexpensive on cash flow.\nSo what happened?\nIndeed, Alphabet's numbers rebounded faster than expected. The Street underestimated the snap-back.\nBut the real story was valuation.\nGOOGL posted full-year EPS and cash flow per share figures of $58.61 and $88.82, thereby stomping Street consensus.\nCurrently, Alphabet shares now trade at 36x trailing earnings and 24x cash flow.\nLong-term P/E and P/OCF multiples are 26x and 19x, respectively.\nAnother pair of F.A.S.T. Graphs paint the picture:\n\n\nOn a forward basis, GOOGL is trading at 30x EPS and 18x operating cash flow.\nIndeed, after the big run-up, Alphabet stock has gone from fairly valued / inexpensive to fairly valued / moderately overvalued.\nSumming It Up\nHere's a recap summary table comparing Apple and Alphabet valuation metrics today versus August 2020:\nApple versus Alphabet Valuation Summary\n\n\n\nApple (Feb '21)\nApple (August '20)\nAlphabet (Feb '21)\nAlphabet (August '20)\n\n\nBlended P/E\n36.5x\n35.6x\n35.0x\n32.8x\n\n\nHistorical P/E*\n16x\n15x\n26x\n28x\n\n\nBlended P/OCF\n28x\n25.9x\n22.8x\n19.6x\n\n\nHistorical P/OCF*\n12x\n11x\n19x\n22x\n\n\nProjected EPS growth FY 2021\n35%\n19%\n19%\n27%\n\n\nProjected EPS growth FY 2022\n5%\n7%\n15%\n21%\n\n\nProjected OCF growth FY 2021\n19%\n8%\n27%\n21%\n\n\nProjected OCF FY 2022\n2%\n1%\n17%\n20%\n\n\n\nAAPL stock was heavily overvalued in August 2020. Based upon trailing twelve-month multiples, the shares remain overvalued today. Looking ahead, the most recent 2021 earnings and cash flow growth forecasts have risen significantly, while 2022 estimates remained about the same. On a forward basis, AAPL stock trades at 30x EPS and 25x cash flow. That's still far above historical averages.\nGOOGL stock was undervalued on cash flow in August 2020. It's a mixed bag now; Alphabet isn't in the bargain bin. Based upon TTM multiples, shares are trading above Fair Value today. Looking ahead, 2021 and 2022 EPS estimates have fallen since August. The 2021 cash flow forecast is higher, and the 2022 forecast is a bit lower. To be fair, I believe current EPS forecasts have decreased due to the company crushing estimates over the past two quarters. Based upon 2021 estimates, GOOGL stock is trading at 30x earnings and 18x operating cash flow. That's a little high on EPS, and about on par for OCF.\nWhat's actionable now?\nInvestors make forward decisions upon where a company's earnings and cash flow are going; not where they've been. We've already looked at forward P/E and P/CF. Now, let's look at PEG ratios. When evaluating a growth stock, the PEG ratio is often one of the most helpful signals. It's determined by taking the current P/E and dividing it by the forward growth rate. When determining the forward growth rate, I like to look out two years. While some PEG ratios look up to five years out, I believe this is too speculative. The Street has a hard enough time forecasting EPS just two years out. Five years out? It's just a guesstimate.\nA PEG under 1.0x indicates good value. If the PEG is between 1.0x and 2.0x, it suggests fair value. When the PEG is greater than 2.0x, a stock may be considered overvalued.\nCurrently, the Street marks Apple's two-year EPS growth forecast at 19 percent per annum. Therefore, the PEG2 ratio is 1.9x. That's no bargain.\nOver the next two years, Alphabet is projected to grow earnings by 17 percent a year. The PEG2 ratio is 2.0x. That's not a bargain, either.\nBased upon my knowledge of the business, I place more emphasis upon Alphabet's ability to generate operating cash than net income; however, that's still not enough to get me overly excited about buying GOOGL stock at $2095 a share.\nThe Bottom Line\nWith the benefit of hindsight, moving money out of Apple and into Alphabet stock turned out well. Over the past six months, Apple stock advanced 8.6% while Alphabet broke out with a 39% gain. Back in August 2020, the decision to sell one and buy the other was based upon valuation and probabilities. These two companies are two of the best-run businesses on the planet. AAPL and GOOGL are great stocks to own: but not at any price. Valuation matters.\nApple Inc.'s shares are still too rich for me. I'm not excited unless AAPL drops to less than $84. Today, it's not in the right zip code.\nAlphabet was a solid buyback in late summer 2020. Analysts were fretting about COVID-19 ad contraction; even if correct, the phenomenon was likely to be transient versus terminal. The stock appeared to offer far better value than Apple. Nonetheless, after a big runup, GOOGL isn't a bargain pick. After a six-month 39% run, it's time to take a little off the table, wait for lower prices, then seek to repurchase the shares. I lopped an eighth of my position off at $2090, and plan to sell another eighth if the stock breaks $2100. GOOGL starts looking attractive again ~$1700 a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":181,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":317893390,"gmtCreate":1612432950810,"gmtModify":1704871106924,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","listText":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","text":"Cloud business is lucrative. As shown by BABA turning positive EBITA this quarter for their cloud business in mainland China.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/317893390","repostId":"1177377712","repostType":4,"repost":{"id":"1177377712","kind":"news","pubTimestamp":1612431358,"share":"https://ttm.financial/m/news/1177377712?lang=&edition=fundamental","pubTime":"2021-02-04 17:35","market":"us","language":"en","title":"Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1177377712","media":"Renaissance Capital","summary":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms f","content":"<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.</p>\n<p>The Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.</p>\n<p>In terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.</p>\n<p>Cloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.</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>Chinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO</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\">\nChinese cloud communication provider Cloopen Group Holding sets terms for $280 million US IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-04 17:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$><strong>Renaissance Capital</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20...</p>\n\n<a href=\"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.renaissancecapital.com/IPO-Center/News/76061/Chinese-cloud-communication-provider-Cloopen-Group-Holding-sets-terms-for-$","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1177377712","content_text":"Cloopen Group Holding, which provides cloud-based communication services in China, announced terms for its IPO on Wednesday.\nThe Beijing, China-based company plans to raise $280 million by offering 20 million ADSs at a price range of $13 to $15. At the midpoint of the proposed range, Cloopen Group Holding would command a market value of $2.1 billion.\nIn terms of 2019 revenue, Cloopen Group operates the largest multi-capability cloud-based communications solution provider in China. It is also the only provider in China that offers a full suite of cloud-based communications solutions, covering communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations.\nCloopen Group Holding was founded in 2012 and booked $113 million in revenue for the 12 months ended September 30, 2020. It plans to list on the NYSE under the symbolRAAS. Goldman Sachs, Citi and CICC are the joint bookrunners on the deal.","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":381814232,"gmtCreate":1612952243126,"gmtModify":1704876427038,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","listText":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","text":"Not really beneficial to non US residents. Especially the withholding taxes that eats into the dividends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/381814232","repostId":"1150853051","repostType":4,"repost":{"id":"1150853051","kind":"news","pubTimestamp":1612951512,"share":"https://ttm.financial/m/news/1150853051?lang=&edition=fundamental","pubTime":"2021-02-10 18:05","market":"us","language":"en","title":"Follow Warren Buffett Dividend Dogs For February","url":"https://stock-news.laohu8.com/highlight/detail?id=1150853051","media":"seekingalpha","summary":"SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs","content":"<p><b>Summary</b></p><ul><li>This Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.</li><li>Thirty-one of 49 Berkshire-Hathaway-owned-stocks pay dividends. As of 2/5/21, the top 10 ranged 3.13%-4.78% by annual-yield and ranged 21.08%-80.65% per broker-estimated price target upsides.</li><li>$5K invested in the lowest-priced five top-yield Buffett/Berkshire-held December dividend dogs showed 9.46% LESS net-gain than from $5K invested in all 10. Bigger (high-priced) Buffett-collected dogs dominated his February dividend holdings.</li></ul><p><b>Foreword</b></p><p>James Brumleysays in Kiplinger Investing:</p><p>\"Rich people often get perpetually richer for a reason, so it could be worthwhile to study what billionaires and high-asset hedge funds are plowing their long-term capital into.\"</p><p>Any collection of stocks is more clearly understood when subjected to yield-based (dog catcher) analysis, thisBuffett/Berkshire batchis perfect for the dogcatcher process. Here's the Feb. 6 data for 31 dividend paying stocks in the Kiplinger-documented collection of 49 now owned by Buffett's Berkshire-Hathaway firm.</p><p>Another resource consulted for this article was dogsofthedow.com - they also keep an ongoing spreadsheet of theBuffett/Berkshire stocksupdated quarterly per BRK SEC filings.</p><p>The Ides of March plunge in the stock market took its toll on Buffett's batch but made the possibility of owning productive dividend shares reflecting his collection more viable for first-time investors. This February update shows the following five stocks still live up to the idea of having their annual dividends from a $1K investment exceed their single share price: Suncor Energy Inc (SU), The Kraft Heinz Co (KHC), Pfizer Inc (PFE), STORE Capital Corporation (STOR), and Sirius XM Holdings Inc (SIRI).</p><p><b>Actionable Conclusions (1-10): Analysts Estimated 17.32% To 38.99% Net Gains For 10Top Buffett-Held Dividend Stocks Come February 2022</b></p><p>Five of these 10 Buffett-held top dividend stocks by yield also were among the top 10 gainers for the coming year based on analyst one-year target prices. (They are tinted gray in the chart below). Thus, this yield-based forecast for these Buffett dogs was graded by Wall St. Wizards as 50% accurate.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6f5b5036f4902f4e3bbcd5fbfe08d1e5\" tg-width=\"640\" tg-height=\"263\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>Projections were based on estimateddividends from $1,000 invested in each of the highest-yielding stocks and their aggregate one-year analyst median target prices, as reported by YCharts. Note: One-year target prices by lone analysts were not applied. Ten probable profit-generating trades projected to Feb. 5, 2022, were:</p><p>Barrick Gold Corp (GOLD) was projected to net $389.89 based on a median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 83% under the market as a whole.</p><p>Merck &amp; Co Inc (MRK) was projected to net $301.34, based on the median of target price estimates from twenty-three analysts plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.</p><p>Suncor Energy Inc was projected to net $259.98, based on dividends, plus the median of target price estimates from twenty-five analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 72% greater than the market as a whole.</p><p>Bristol-Myers Squibb (BMY) was projected to net $256.61, based on dividends, plus the median of target price estimates from nineteen analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 36% less than the market as a whole.</p><p>Moody's Corp (MCO) netted $225.72 based on a median of estimates from twenty analysts, plus dividends. The Beta number showed this estimate subject to risk/volatility 81% more than the market as a whole.</p><p>Pfizer Inc was projected to net $214.54, based on dividends, plus a mean target price estimate from twenty-two analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 30% under the market as a whole.</p><p>The Kroger Co (KR) was projected to net $182.88, based on the median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.</p><p>U.S. Bancorp (USB) was projected to net $180.46, based on a median of target price estimate from twenty-six analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 11% more than the market as a whole.</p><p>Bank of New York Mellon (BK) was projected to net $178.20, based on the median of target estimates from 19 analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 5% greater than the market as a whole.</p><p>Mondelez International Inc (MDLZ) was projected to net $173.21, based on the median of target price estimates from twenty-four analysts, plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 38% less than the market as a whole.</p><p>The average net gain in dividend and price was estimated at 23.63% on $10k invested as $1k in each of these ten stocks. These gain estimates were subject to average risk/volatility 13% less than the market as a whole.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8408c81309b0e6f593f588e333d2947a\" tg-width=\"640\" tg-height=\"415\" referrerpolicy=\"no-referrer\"><span>Source: omaha.com</span></p><p><b>The Dividend Dogs Rule</b></p><p>Stocks earned the \"dog\" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as \"dogs.\" More precisely, these are, in fact, best called, \"underdogs.\"</p><p><b>49Buffett Holdings By Target Gains</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bee8552786f177f6d9e130c30af901f5\" tg-width=\"640\" tg-height=\"645\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p><b>31 Buffett Picks By Yield</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c256bce5004fac7442386c2ba9bdf5fc\" tg-width=\"640\" tg-height=\"614\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p><b>Actionable Conclusions (12-21): 10 TopBuffett-HeldStocks By Yield</b></p><p>Top ten Buffett-held stocks selected 2/5/21 by yield represented five of eleven Morningstar sectors.</p><p>First place went to the first of four dogs from the healthcare sector, AbbVie Inc (ABBV) [1]. The second healthcare representative placed fourth, Pfizer [4]. The last two healthcare representatives placed sixth and ninth, Merck &amp; Co Inc (MRK) [6], and Bristol-Myers Squibb Co (BMY) [9].</p><p>One from the energy sector placed second, Suncor Energy Inc [2]. Then, two consumer defensive sector representatives placed third, and eighth, The Kraft Heinz Co [3], and Coca-Cola Co (KO) [8].</p><p>A lone real estate sector member was fifth on the list, STORE Capital Corp (STOR) [5]. Finally, two financial services representatives placed sixth and tenth, they were: U.S. Bancorp [6], followed by M&amp;T Bank Corp [10], to complete the February Buffett/Berkshire top ten batch of top dividend dogs, by yield.</p><p><b>Actionable Conclusions: (22-31) Top Ten February Buffett/Berkshire Dogs Showed 15.87%-38.38% Upsides And (32) Two Down-Siders Emerged at -0.82% and 5.05%</b></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d21ad35f60be1c4085fd61e784e62904\" tg-width=\"640\" tg-height=\"834\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>To quantify top-dog rankings, analyst median price target estimates provided a \"market sentiment\" gauge of upside potential. Added to the simple high-yield metrics, analyst mean price target estimates became another tool to dig out bargains.</p><p><b>Analysts Forecast A 9.46% Disadvantage For 5 Highest Yield, Lowest Priced Of 10 Top Buffett-Collected Dividend Stocks To February 2022</b></p><p>Ten top Buffett/Berkshire dividend dogs were culled by yield for this update. Yield (dividend/price) results provided by YCharts did the ranking.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/353a0b22859b6512d31f6d596930b1e7\" tg-width=\"640\" tg-height=\"204\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>As noted above, top ten Buffett-chosen dividend dogs screened 2/5/21 showing the highest dividend yields represented six of eleven Morningstar sectors.</p><p><b>Actionable Conclusions: Analysts Predicted 5 Lowest-Priced Of The Top TenHighest-Yield Buffett-Held Dogs (33) Delivering 16.01% Vs.(34) 17.69%AverageNet Gainsby All TenComeFebruary 5, 2022</b></p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bae6327b70779a099928f367fd2436d2\" tg-width=\"640\" tg-height=\"259\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>So, $5,000 invested as $1K in each of the five lowest-priced stocks in the top 10 dividends Buffett-selected kennel by yield were predicted by analyst one-year targets to deliver 9.46% less gain than $5,000 invested as $.5K in all 10. The eighth lowest priced selection, Merck &amp; Co Inc, was projected to deliver the best analyst-estimated net gain of 30.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8a741424a8baad8a7b778f0305b36c6d\" tg-width=\"624\" tg-height=\"346\" referrerpolicy=\"no-referrer\"><span>Source: YCharts.com</span></p><p>The five lowest-priced top-yield Buffett-Picked dividend dogs as of February 5 were: Suncor Energy Inc, STORE Capital Corp, The Kraft Heinz Co, Pfizer, andU.S. Bancorp, with prices ranging from $17.26 to $46.35.</p><p>Five higher-priced Buffett-picked dividend dogs as of February 5 were, Coca-Cola Co; Bristol-Myers Squibb Co; Merck &amp; Co Inc; AbbVie Inc; M&amp;T Bank Corp, whose prices ranged from $49.65 to $140.40.</p><p>The distinction between five low-priced dividend dogs and the general field of ten reflected Michael B. O'Higgins' \"basic method\" for beating the Dow. The scale of projected gains based on analyst targets added a unique element of \"market sentiment\" gauging upside potential. It provided a here-and-now equivalent of waiting a year to find out what might happen in the market. Caution is advised, since analysts are historically only 20% to 80% accurate on the direction of change and just 0% to 20% accurate on the degree of change.</p><p><b>Afterword</b></p><p>If somehow you missed the suggestion of four stocks ready for pick-up at the start of the article, here is a reprise of the list at the end:</p><p>This February update shows the following five stocks live up to the idea of having their annual dividends from a $1K investment exceed their single share price: The Kraft Heinz Co, STORE Capital Corporation, Pfizer Inc, Suncor Energy Inc, and Sirius XM Holdings Inc. The \"safer\" of these five dividend prospects, will be available later this week in my Dividend Dog Catcher marketplace site.</p><p>The net gain/loss estimates above did not factor in any foreign or domestic tax problems resulting from distributions. Consult your tax advisor regarding the source and consequences of \"dividends\" from any investment.</p><p>Stocks listed above were suggested only as possible reference points for your Buffett/Berkshire batch stock purchase or sale research process. These were not recommendations.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Follow Warren Buffett Dividend Dogs For February</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\">\nFollow Warren Buffett Dividend Dogs For February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-10 18:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.Thirty-...</p>\n\n<a href=\"https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KR":"克罗格","BMY":"施贵宝","BK":"纽约梅隆银行","GOLD":"巴里克黄金","MDLZ":"亿滋","MCO":"穆迪","BRK.A":"伯克希尔","USB":"美国合众银行","MRK":"默沙东"},"source_url":"https://seekingalpha.com/article/4404740-follow-warren-buffett-dividend-dogs-for-february","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1150853051","content_text":"SummaryThis Buffett holdings list from Kiplinger first appeared on 11/16/20 online. YCharts and Dogs of The Dow also track this Buffett/Berkshire Batch. Here is your update as of 2/5/21 data.Thirty-one of 49 Berkshire-Hathaway-owned-stocks pay dividends. As of 2/5/21, the top 10 ranged 3.13%-4.78% by annual-yield and ranged 21.08%-80.65% per broker-estimated price target upsides.$5K invested in the lowest-priced five top-yield Buffett/Berkshire-held December dividend dogs showed 9.46% LESS net-gain than from $5K invested in all 10. Bigger (high-priced) Buffett-collected dogs dominated his February dividend holdings.ForewordJames Brumleysays in Kiplinger Investing:\"Rich people often get perpetually richer for a reason, so it could be worthwhile to study what billionaires and high-asset hedge funds are plowing their long-term capital into.\"Any collection of stocks is more clearly understood when subjected to yield-based (dog catcher) analysis, thisBuffett/Berkshire batchis perfect for the dogcatcher process. Here's the Feb. 6 data for 31 dividend paying stocks in the Kiplinger-documented collection of 49 now owned by Buffett's Berkshire-Hathaway firm.Another resource consulted for this article was dogsofthedow.com - they also keep an ongoing spreadsheet of theBuffett/Berkshire stocksupdated quarterly per BRK SEC filings.The Ides of March plunge in the stock market took its toll on Buffett's batch but made the possibility of owning productive dividend shares reflecting his collection more viable for first-time investors. This February update shows the following five stocks still live up to the idea of having their annual dividends from a $1K investment exceed their single share price: Suncor Energy Inc (SU), The Kraft Heinz Co (KHC), Pfizer Inc (PFE), STORE Capital Corporation (STOR), and Sirius XM Holdings Inc (SIRI).Actionable Conclusions (1-10): Analysts Estimated 17.32% To 38.99% Net Gains For 10Top Buffett-Held Dividend Stocks Come February 2022Five of these 10 Buffett-held top dividend stocks by yield also were among the top 10 gainers for the coming year based on analyst one-year target prices. (They are tinted gray in the chart below). Thus, this yield-based forecast for these Buffett dogs was graded by Wall St. Wizards as 50% accurate.Source: YCharts.comProjections were based on estimateddividends from $1,000 invested in each of the highest-yielding stocks and their aggregate one-year analyst median target prices, as reported by YCharts. Note: One-year target prices by lone analysts were not applied. Ten probable profit-generating trades projected to Feb. 5, 2022, were:Barrick Gold Corp (GOLD) was projected to net $389.89 based on a median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 83% under the market as a whole.Merck & Co Inc (MRK) was projected to net $301.34, based on the median of target price estimates from twenty-three analysts plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.Suncor Energy Inc was projected to net $259.98, based on dividends, plus the median of target price estimates from twenty-five analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 72% greater than the market as a whole.Bristol-Myers Squibb (BMY) was projected to net $256.61, based on dividends, plus the median of target price estimates from nineteen analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 36% less than the market as a whole.Moody's Corp (MCO) netted $225.72 based on a median of estimates from twenty analysts, plus dividends. The Beta number showed this estimate subject to risk/volatility 81% more than the market as a whole.Pfizer Inc was projected to net $214.54, based on dividends, plus a mean target price estimate from twenty-two analysts, less broker fees. The Beta number showed this estimate subject to risk/volatility 30% under the market as a whole.The Kroger Co (KR) was projected to net $182.88, based on the median of target price estimates from twenty-four analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 57% under the market as a whole.U.S. Bancorp (USB) was projected to net $180.46, based on a median of target price estimate from twenty-six analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 11% more than the market as a whole.Bank of New York Mellon (BK) was projected to net $178.20, based on the median of target estimates from 19 analysts, plus dividends, less broker fees. The Beta number showed this estimate subject to risk/volatility 5% greater than the market as a whole.Mondelez International Inc (MDLZ) was projected to net $173.21, based on the median of target price estimates from twenty-four analysts, plus annual dividend, less broker fees. The Beta number showed this estimate subject to risk/volatility 38% less than the market as a whole.The average net gain in dividend and price was estimated at 23.63% on $10k invested as $1k in each of these ten stocks. These gain estimates were subject to average risk/volatility 13% less than the market as a whole.Source: omaha.comThe Dividend Dogs RuleStocks earned the \"dog\" moniker by exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as \"dogs.\" More precisely, these are, in fact, best called, \"underdogs.\"49Buffett Holdings By Target GainsSource: YCharts.com31 Buffett Picks By YieldSource: YCharts.comActionable Conclusions (12-21): 10 TopBuffett-HeldStocks By YieldTop ten Buffett-held stocks selected 2/5/21 by yield represented five of eleven Morningstar sectors.First place went to the first of four dogs from the healthcare sector, AbbVie Inc (ABBV) [1]. The second healthcare representative placed fourth, Pfizer [4]. The last two healthcare representatives placed sixth and ninth, Merck & Co Inc (MRK) [6], and Bristol-Myers Squibb Co (BMY) [9].One from the energy sector placed second, Suncor Energy Inc [2]. Then, two consumer defensive sector representatives placed third, and eighth, The Kraft Heinz Co [3], and Coca-Cola Co (KO) [8].A lone real estate sector member was fifth on the list, STORE Capital Corp (STOR) [5]. Finally, two financial services representatives placed sixth and tenth, they were: U.S. Bancorp [6], followed by M&T Bank Corp [10], to complete the February Buffett/Berkshire top ten batch of top dividend dogs, by yield.Actionable Conclusions: (22-31) Top Ten February Buffett/Berkshire Dogs Showed 15.87%-38.38% Upsides And (32) Two Down-Siders Emerged at -0.82% and 5.05%Source: YCharts.comTo quantify top-dog rankings, analyst median price target estimates provided a \"market sentiment\" gauge of upside potential. Added to the simple high-yield metrics, analyst mean price target estimates became another tool to dig out bargains.Analysts Forecast A 9.46% Disadvantage For 5 Highest Yield, Lowest Priced Of 10 Top Buffett-Collected Dividend Stocks To February 2022Ten top Buffett/Berkshire dividend dogs were culled by yield for this update. Yield (dividend/price) results provided by YCharts did the ranking.Source: YCharts.comAs noted above, top ten Buffett-chosen dividend dogs screened 2/5/21 showing the highest dividend yields represented six of eleven Morningstar sectors.Actionable Conclusions: Analysts Predicted 5 Lowest-Priced Of The Top TenHighest-Yield Buffett-Held Dogs (33) Delivering 16.01% Vs.(34) 17.69%AverageNet Gainsby All TenComeFebruary 5, 2022Source: YCharts.comSo, $5,000 invested as $1K in each of the five lowest-priced stocks in the top 10 dividends Buffett-selected kennel by yield were predicted by analyst one-year targets to deliver 9.46% less gain than $5,000 invested as $.5K in all 10. The eighth lowest priced selection, Merck & Co Inc, was projected to deliver the best analyst-estimated net gain of 30.13%.Source: YCharts.comThe five lowest-priced top-yield Buffett-Picked dividend dogs as of February 5 were: Suncor Energy Inc, STORE Capital Corp, The Kraft Heinz Co, Pfizer, andU.S. Bancorp, with prices ranging from $17.26 to $46.35.Five higher-priced Buffett-picked dividend dogs as of February 5 were, Coca-Cola Co; Bristol-Myers Squibb Co; Merck & Co Inc; AbbVie Inc; M&T Bank Corp, whose prices ranged from $49.65 to $140.40.The distinction between five low-priced dividend dogs and the general field of ten reflected Michael B. O'Higgins' \"basic method\" for beating the Dow. The scale of projected gains based on analyst targets added a unique element of \"market sentiment\" gauging upside potential. It provided a here-and-now equivalent of waiting a year to find out what might happen in the market. Caution is advised, since analysts are historically only 20% to 80% accurate on the direction of change and just 0% to 20% accurate on the degree of change.AfterwordIf somehow you missed the suggestion of four stocks ready for pick-up at the start of the article, here is a reprise of the list at the end:This February update shows the following five stocks live up to the idea of having their annual dividends from a $1K investment exceed their single share price: The Kraft Heinz Co, STORE Capital Corporation, Pfizer Inc, Suncor Energy Inc, and Sirius XM Holdings Inc. The \"safer\" of these five dividend prospects, will be available later this week in my Dividend Dog Catcher marketplace site.The net gain/loss estimates above did not factor in any foreign or domestic tax problems resulting from distributions. Consult your tax advisor regarding the source and consequences of \"dividends\" from any investment.Stocks listed above were suggested only as possible reference points for your Buffett/Berkshire batch stock purchase or sale research process. These were not recommendations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380077231,"gmtCreate":1612498346423,"gmtModify":1704872017855,"author":{"id":"3571372182898237","authorId":"3571372182898237","name":"Monke","avatar":"https://static.tigerbbs.com/bd1d286cbe0997c19c0941f4b0ba3f71","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571372182898237","idStr":"3571372182898237"},"themes":[],"htmlText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","listText":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","text":"$GOEV probably the one which was in talks with $AAPL. Now people are talking about Apple x Kia x Canooe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380077231","repostId":"1125684044","repostType":4,"repost":{"id":"1125684044","kind":"news","pubTimestamp":1612493561,"share":"https://ttm.financial/m/news/1125684044?lang=&edition=fundamental","pubTime":"2021-02-05 10:52","market":"us","language":"en","title":"Why has the stock price of small electric vehicles soared recently?","url":"https://stock-news.laohu8.com/highlight/detail?id=1125684044","media":"barrons","summary":"Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves","content":"<p>Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.</p><p>Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, cracking $41 for the first time and almost hitting $42. Shares are up almost 15% in late Thursday trading.</p><p>Arcimoto(FUV) andElectrameccanica Vehicles(SOLO) makesmaller EVs. That pair is up about 13% and 14%, respectively. Recent gains pushed Arcimoto’s market cap north of $1 billion.</p><p>Canoo(GOEV) is the fourth EV example. Its shares are up more than 12% Thursday.</p><p>There are some relatively new reasons for investors to be more bullish on most of these EV stocks. Canoo, for instance, has beenlinked to reportsof a potentialiCarfromApple(AAPL), though those reports are almost amonth old.</p><p>Workhorse stock also jumped after President Joe Bidenannouncedhis intention to convert the government fleet of vehicles to all EVs. RBC analystJoe Spakpointed out in a recent report that the federal government has more than 645,000 vehicles in its fleet. Still, that announcement came in January.</p><p>So did Arcimoto’s planto buyanother manufacturing facility in Oregon. The company is slated to close on the 185,000-square-foot facility in a few weeks. That deal was announced Jan. 6.</p><p>Electrameccanica news is harder to identify.</p><p>The moves could be aftershocks from theGameStop(GME)short-squeezeearthquake. All four stocks have high short interest—which is essentially the amount of stock borrowed and sold short compared with the amount of stock available for trading.</p><p>There is theTwittereffect to consider too.Tesla(TSLA) bull Ross Gerber tweeted out that he was invested in Arcimoto along with Tesla. Still, that tweet was Tuesday.</p><p><img src=\"https://static.tigerbbs.com/07614b2afc9ee2e3c9dfb06f08126904\" tg-width=\"688\" tg-height=\"749\" referrerpolicy=\"no-referrer\">The rise is probably a combination of all the factors. And the stock price run didn’t start today. The four small-cap EV stocks are up about 28% on average over the past five trading days. TheS&amp;P 500is up only about 2% over the same span. Year to date, the average gain in the small cap EV-four is more than 85%.</p><p>That’s another reason the stocks might be rising: FOMO, or fear of missing out. People are looking and seeing others make money in the names.</p><p>Whatever the reason, the gains demonstrate that investors, and traders, are still hungry to find the next big EV stock—and are hunting in the smaller end of the EV universe to find it.</p><p>Stock in Tesla, the EV giant, is down 0.9% Thursday, to $847 a share. The S&amp;P 500 is up 0.9%.</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>Why has the stock price of small electric vehicles soared recently?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy has the stock price of small electric vehicles soared recently?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-05 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, ...</p>\n\n<a href=\"https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/07614b2afc9ee2e3c9dfb06f08126904","relate_stocks":{"WKHS":"Workhorse Group, Inc."},"source_url":"https://www.barrons.com/articles/small-cap-ev-stocks-are-soaring-why-now-51612468752?mod=hp_LEAD_1_B_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125684044","content_text":"Smaller electric-vehicle names aresoaring again. Good luck trying to find a reason for the big moves.Stock incommercial-EV makerWorkhorse Group(ticker: WKHS), for starters, hit a new 52-week high, cracking $41 for the first time and almost hitting $42. Shares are up almost 15% in late Thursday trading.Arcimoto(FUV) andElectrameccanica Vehicles(SOLO) makesmaller EVs. That pair is up about 13% and 14%, respectively. Recent gains pushed Arcimoto’s market cap north of $1 billion.Canoo(GOEV) is the fourth EV example. Its shares are up more than 12% Thursday.There are some relatively new reasons for investors to be more bullish on most of these EV stocks. Canoo, for instance, has beenlinked to reportsof a potentialiCarfromApple(AAPL), though those reports are almost amonth old.Workhorse stock also jumped after President Joe Bidenannouncedhis intention to convert the government fleet of vehicles to all EVs. RBC analystJoe Spakpointed out in a recent report that the federal government has more than 645,000 vehicles in its fleet. Still, that announcement came in January.So did Arcimoto’s planto buyanother manufacturing facility in Oregon. The company is slated to close on the 185,000-square-foot facility in a few weeks. That deal was announced Jan. 6.Electrameccanica news is harder to identify.The moves could be aftershocks from theGameStop(GME)short-squeezeearthquake. All four stocks have high short interest—which is essentially the amount of stock borrowed and sold short compared with the amount of stock available for trading.There is theTwittereffect to consider too.Tesla(TSLA) bull Ross Gerber tweeted out that he was invested in Arcimoto along with Tesla. Still, that tweet was Tuesday.The rise is probably a combination of all the factors. And the stock price run didn’t start today. The four small-cap EV stocks are up about 28% on average over the past five trading days. TheS&P 500is up only about 2% over the same span. Year to date, the average gain in the small cap EV-four is more than 85%.That’s another reason the stocks might be rising: FOMO, or fear of missing out. People are looking and seeing others make money in the names.Whatever the reason, the gains demonstrate that investors, and traders, are still hungry to find the next big EV stock—and are hunting in the smaller end of the EV universe to find it.Stock in Tesla, the EV giant, is down 0.9% Thursday, to $847 a share. The S&P 500 is up 0.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}