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Harris8900

Harris8900

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2021-06-25

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2021-06-25

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Confluent IPO: Everything you need to know about Confluent

2021-06-25

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Nasdaq and S&P 500 end at record highs; Dow rallies

2021-06-25

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2021-06-24

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Novavax Soars As Its COVID-19 Vaccine Is Found 90% Effective, To Seek FDA OK

2021-06-24

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Lordstown shares tumbled nearly 20% in moring trading

2021-06-24

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GameStop completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket

2021-06-24

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2021-06-23

$Anhui Kouzi Distillery Co.,Ltd.(603589)$From the technical view, this counter will likely due to fall back

2021-06-23

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Why I Believe NIO Will Beat Out Tesla

2021-06-23

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2021-06-23

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2021-06-23

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After-Hours Stock Movers: (SEAC) (SHAK) (CLNE) Higher; (GMTX) (EYES) (BSY) Lower

2021-06-23

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Microsoft Rises to Join Apple in Exclusive $2 Trillion Club

2021-06-23

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Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria

2021-06-23

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Can You Still Count on GameStop Stock?

2021-06-23

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Will Disney Stock Split This Year?

2021-06-21

Up...up...up

Oil Climbs Near $72 as Iran Nuclear Talks End Without Agreement

2021-06-21

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2021-06-21

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see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126457945","repostId":"1161267930","repostType":4,"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126454352,"gmtCreate":1624582664776,"gmtModify":1703840860543,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126454352","repostId":"1159660883","repostType":4,"repost":{"id":"1159660883","pubTimestamp":1624549526,"share":"https://ttm.financial/m/news/1159660883?lang=&edition=fundamental","pubTime":"2021-06-24 23:45","market":"us","language":"en","title":"Confluent IPO: Everything you need to know about Confluent","url":"https://stock-news.laohu8.com/highlight/detail?id=1159660883","media":"cityindex","summary":"(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of mi","content":"<p><i><b>(Update: June 24, 2021 at 00:24 p.m. ET)</b></i><img src=\"https://static.tigerbbs.com/00157d15df44b21026df501534932496\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>\n<p>Event-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the company's IPO, discover more about its background and plans.</p>\n<p><b>When was the Confluent IPO?</b></p>\n<p>Confluent's IPO date on Nasdaq was June 24.&nbsp;The company priced its shares at $36 to raise $828&nbsp;million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.</p>\n<p><b>What does Confluent do?</b></p>\n<p>Confluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.</p>\n<p>The company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.</p>\n<p>However, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.</p>\n<p>Confluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.</p>\n<p>As of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.</p>\n<p><b>What is Confluent’s competition?</b></p>\n<p>Confluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.</p>\n<p><b>How does Confluent make money?</b></p>\n<p>Confluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.</p>\n<p><b>What is Confluent 's business strategy?</b></p>\n<p>Confluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.</p>\n<p>June 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.</p>\n<p>The company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.</p>\n<p>Additionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.</p>\n<p>Finally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.</p>\n<p><b>Is Confluent profitable?</b></p>\n<p>Confluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.</p>\n<p>As with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.</p>\n<p><b>How much is Confluent worth?</b></p>\n<p>The 2021 Confluent IPO could see a valuation of around $9 billion.</p>\n<p>Prior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.</p>\n<p><b>Who owns Confluent?</b></p>\n<p>Confluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.</p>\n<p><b>Who are the directors of Confluent?</b></p>\n<p>Confluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Position</b></p></td>\n   <td><p><b>Name</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Founder and CEO</p></td>\n   <td><p>Jay Kreps</p></td>\n  </tr>\n  <tr>\n   <td><p>Co-founder</p></td>\n   <td><p>Jun Rao</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Financial Officer</p></td>\n   <td><p>Steffan Tomlinson</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Marketing Officer</p></td>\n   <td><p>Stephanie Buscemi</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Product and Engineering Officer</p></td>\n   <td><p>Ganesh Srinivasan</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief People Officer</p></td>\n   <td><p>Cheryl Dalrymple</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Customer Officer</p></td>\n   <td><p>Roger Scott</p></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Related:&nbsp;</b><a href=\"https://laohu8.com/NW/1169202537\" target=\"_blank\"><b>Confluent Prepares For $713 Million IPO</b></a></p>","source":"lsy1624549625256","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>Confluent IPO: Everything you need to know about Confluent</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\">\nConfluent IPO: Everything you need to know about Confluent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/><strong>cityindex</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the ...</p>\n\n<a href=\"https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CFLT":"Confluent, Inc."},"source_url":"https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159660883","content_text":"(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the company's IPO, discover more about its background and plans.\nWhen was the Confluent IPO?\nConfluent's IPO date on Nasdaq was June 24. The company priced its shares at $36 to raise $828 million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.\nWhat does Confluent do?\nConfluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.\nThe company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.\nHowever, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.\nConfluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.\nAs of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.\nWhat is Confluent’s competition?\nConfluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.\nHow does Confluent make money?\nConfluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.\nWhat is Confluent 's business strategy?\nConfluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.\nJune 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.\nThe company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.\nAdditionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.\nFinally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.\nIs Confluent profitable?\nConfluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.\nAs with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.\nHow much is Confluent worth?\nThe 2021 Confluent IPO could see a valuation of around $9 billion.\nPrior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.\nWho owns Confluent?\nConfluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.\nWho are the directors of Confluent?\nConfluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.\n\n\n\nPosition\nName\n\n\nFounder and CEO\nJay Kreps\n\n\nCo-founder\nJun Rao\n\n\nChief Financial Officer\nSteffan Tomlinson\n\n\nChief Marketing Officer\nStephanie Buscemi\n\n\nChief Product and Engineering Officer\nGanesh Srinivasan\n\n\nChief People Officer\nCheryl Dalrymple\n\n\nChief Customer Officer\nRoger Scott\n\n\n\nRelated: Confluent Prepares For $713 Million IPO","news_type":1},"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126455427,"gmtCreate":1624582639869,"gmtModify":1703840860381,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126455427","repostId":"2146023477","repostType":4,"repost":{"id":"2146023477","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":1624575912,"share":"https://ttm.financial/m/news/2146023477?lang=&edition=fundamental","pubTime":"2021-06-25 07:05","market":"us","language":"en","title":"Nasdaq and S&P 500 end at record highs; Dow rallies","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023477","media":"Reuters","summary":"June 24 (Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the ","content":"<p>June 24 (Reuters) - The Nasdaq and the S&amp;P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.</p>\n<p>With massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.</p>\n<p>Construction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.</p>\n<p>\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.</p>\n<p>Fueling the S&amp;P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.</p>\n<p>Mega-caps <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc each gained more than 1%, and were also among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>Microsoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.</p>\n<p>Initial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.</p>\n<p>The Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.</p>\n<p>So far this month, the S&amp;P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.</p>\n<p>The Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&amp;P 500 gained 0.58% to 4,266.49.</p>\n<p>The Nasdaq Composite climbed 0.69% to 14,369.71.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 technology, healthcare and communication services sector indexes hit record highs.</p>\n<p>So far in 2021, the S&amp;P 500 has gained almost 14%, beating the Nasdaq's 11% rise.</p>\n<p>Eli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.</p>\n<p>In response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.</p>\n<p>MGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"</p>\n<p>Accenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.</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>Nasdaq and S&P 500 end at record highs; Dow rallies</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\">\nNasdaq and S&P 500 end at record highs; Dow rallies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 24 (Reuters) - The Nasdaq and the S&amp;P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.</p>\n<p>With massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.</p>\n<p>Construction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.</p>\n<p>\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.</p>\n<p>Fueling the S&amp;P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.</p>\n<p>Mega-caps <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc each gained more than 1%, and were also among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>Microsoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.</p>\n<p>Initial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.</p>\n<p>The Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.</p>\n<p>So far this month, the S&amp;P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.</p>\n<p>The Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&amp;P 500 gained 0.58% to 4,266.49.</p>\n<p>The Nasdaq Composite climbed 0.69% to 14,369.71.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 technology, healthcare and communication services sector indexes hit record highs.</p>\n<p>So far in 2021, the S&amp;P 500 has gained almost 14%, beating the Nasdaq's 11% rise.</p>\n<p>Eli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.</p>\n<p>In response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.</p>\n<p>MGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"</p>\n<p>Accenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF",".DJI":"道琼斯","SH":"标普500反向ETF","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146023477","content_text":"June 24 (Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.\nWith massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.\nConstruction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.\n\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.\nFueling the S&P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.\nMega-caps PayPal and Facebook Inc each gained more than 1%, and were also among the biggest boosts to the S&P 500 and the Nasdaq.\nMicrosoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.\nInitial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.\nThe Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.\nSo far this month, the S&P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.\nThe Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&P 500 gained 0.58% to 4,266.49.\nThe Nasdaq Composite climbed 0.69% to 14,369.71.\nVolume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.\nThe S&P 500 technology, healthcare and communication services sector indexes hit record highs.\nSo far in 2021, the S&P 500 has gained almost 14%, beating the Nasdaq's 11% rise.\nEli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.\nIn response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.\nMGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"\nAccenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.\nThe S&P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126458209,"gmtCreate":1624582554901,"gmtModify":1703840855810,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126458209","repostId":"2146202596","repostType":4,"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128266852,"gmtCreate":1624519205976,"gmtModify":1703839133185,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128266852","repostId":"2143609782","repostType":4,"repost":{"id":"2143609782","pubTimestamp":1623669938,"share":"https://ttm.financial/m/news/2143609782?lang=&edition=fundamental","pubTime":"2021-06-14 19:25","market":"us","language":"en","title":"Novavax Soars As Its COVID-19 Vaccine Is Found 90% Effective, To Seek FDA OK","url":"https://stock-news.laohu8.com/highlight/detail?id=2143609782","media":"Investing.com","summary":"Investing.com -- Novavax (NASDAQ:NVAX) shares rose more than 10% in Monday’s premarket trading after","content":"<p>Investing.com -- Novavax (NASDAQ:NVAX) shares rose more than 10% in Monday’s premarket trading after the company said a phase-three trial had found its two-dose COVID-19 vaccine to be 90.4% effective.</p>\n<p>The trial had 29,960 participants across the U.S. and Mexico.</p>\n<p>The vaccine was found to be 100% effective in preventing moderate and severe infections and 93% effective against some variants, Novavax said. The company plans to file for approval with the Food and Drug Administration in the third quarter.</p>\n<p>Upon regulatory approvals, Novavax remains on track to reach manufacturing capacity of 100 million doses per month by the end of the third quarter and 150 million doses per month by the end of the fourth quarter of 2021, the company said in a release.</p>\n<p>Once authorized, the Novavax vaccine would join Pfizer BioNTech (NYSE:PFE) (NASDAQ:BNTX), Moderna (NASDAQ:MRNA) and Johnson&amp;Johnson (NYSE:JNJ), the three COVID-19 shots already approved for emergency use in the U.S.</p>\n<p>Barring J&amp;J’s, all are two-dose vaccines.</p>","source":"yahoofinance","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>Novavax Soars As Its COVID-19 Vaccine Is Found 90% Effective, To Seek FDA OK</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\">\nNovavax Soars As Its COVID-19 Vaccine Is Found 90% Effective, To Seek FDA OK\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 19:25 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/novavax-soars-covid-19-vaccine-063438092.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Novavax (NASDAQ:NVAX) shares rose more than 10% in Monday’s premarket trading after the company said a phase-three trial had found its two-dose COVID-19 vaccine to be 90.4% effective....</p>\n\n<a href=\"https://finance.yahoo.com/news/novavax-soars-covid-19-vaccine-063438092.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JNJ":"强生","BNTX":"BioNTech SE","NVAX":"诺瓦瓦克斯医药"},"source_url":"https://finance.yahoo.com/news/novavax-soars-covid-19-vaccine-063438092.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2143609782","content_text":"Investing.com -- Novavax (NASDAQ:NVAX) shares rose more than 10% in Monday’s premarket trading after the company said a phase-three trial had found its two-dose COVID-19 vaccine to be 90.4% effective.\nThe trial had 29,960 participants across the U.S. and Mexico.\nThe vaccine was found to be 100% effective in preventing moderate and severe infections and 93% effective against some variants, Novavax said. The company plans to file for approval with the Food and Drug Administration in the third quarter.\nUpon regulatory approvals, Novavax remains on track to reach manufacturing capacity of 100 million doses per month by the end of the third quarter and 150 million doses per month by the end of the fourth quarter of 2021, the company said in a release.\nOnce authorized, the Novavax vaccine would join Pfizer BioNTech (NYSE:PFE) (NASDAQ:BNTX), Moderna (NASDAQ:MRNA) and Johnson&Johnson (NYSE:JNJ), the three COVID-19 shots already approved for emergency use in the U.S.\nBarring J&J’s, all are two-dose vaccines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":230,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128268486,"gmtCreate":1624519179945,"gmtModify":1703839132035,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128268486","repostId":"1135770375","repostType":4,"repost":{"id":"1135770375","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623678372,"share":"https://ttm.financial/m/news/1135770375?lang=&edition=fundamental","pubTime":"2021-06-14 21:46","market":"us","language":"en","title":"Lordstown shares tumbled nearly 20% in moring trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1135770375","media":"Tiger Newspress","summary":"Lordstown shares tumbled nearly 20% in moring trading.\n\nElectric-vehicle maker Lordstown Motors Corp","content":"<p>Lordstown&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;20%&nbsp;in&nbsp;moring&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/71ab214ec35da9043a3ec41746785e3f\" tg-width=\"800\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p>\n<p>Electric-vehicle maker <a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.</p>\n<p>The startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.</p>\n<p>It is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.</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>Lordstown shares tumbled nearly 20% in moring trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLordstown shares tumbled nearly 20% in moring trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-14 21:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Lordstown&nbsp;shares&nbsp;tumbled&nbsp;nearly&nbsp;20%&nbsp;in&nbsp;moring&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/71ab214ec35da9043a3ec41746785e3f\" tg-width=\"800\" tg-height=\"625\" referrerpolicy=\"no-referrer\"></p>\n<p>Electric-vehicle maker <a href=\"https://laohu8.com/S/RIDE\">Lordstown Motors Corp.</a> announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.</p>\n<p>The startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.</p>\n<p>It is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135770375","content_text":"Lordstown shares tumbled nearly 20% in moring trading.\n\nElectric-vehicle maker Lordstown Motors Corp. announced the abrupt departure of its two top executives as it attempts to transition from research and development into commercial production of its first model.\nThe startup said in a statement Monday that Chief Executive Officer Steve Burns and Chief Financial Officer Julio Rodriguez have resigned from the company, effective immediately.\nIt is the latest setback for the company, which warned last week it might not have enough cash to fund development of its first truck or even survive the next 12 months if it can’t raise more capital. In March, the startup disclosed a Securities and Exchange Commission probe of its operations after a short seller said its technology was flawed and that pre-orders for its truck were nonbinding.","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128268387,"gmtCreate":1624519152849,"gmtModify":1703839131375,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128268387","repostId":"1161172533","repostType":4,"repost":{"id":"1161172533","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624360705,"share":"https://ttm.financial/m/news/1161172533?lang=&edition=fundamental","pubTime":"2021-06-22 19:18","market":"us","language":"en","title":"GameStop completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket","url":"https://stock-news.laohu8.com/highlight/detail?id=1161172533","media":"Tiger Newspress","summary":"(June 15) GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuin","content":"<p>(June 15)&nbsp;GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. </p>\n<p>The stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&amp;P 500 SPX, +1.40% has gained 12.5% in the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/b4772ce5d4d1e2d998daa7d0cddf05c0\" tg-width=\"656\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></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>GameStop completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket</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 completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-22 19:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 15)&nbsp;GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. </p>\n<p>The stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&amp;P 500 SPX, +1.40% has gained 12.5% in the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/b4772ce5d4d1e2d998daa7d0cddf05c0\" tg-width=\"656\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161172533","content_text":"(June 15) GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. \nThe stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&P 500 SPX, +1.40% has gained 12.5% in the same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128261387,"gmtCreate":1624519074549,"gmtModify":1703839129890,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"It looks interesting","listText":"It looks interesting","text":"It looks interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128261387","repostId":"1138132786","repostType":4,"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123412169,"gmtCreate":1624434232751,"gmtModify":1703836560596,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/603589\">$Anhui Kouzi Distillery Co.,Ltd.(603589)$</a>From the technical view, this counter will likely due to fall back","listText":"<a href=\"https://laohu8.com/S/603589\">$Anhui Kouzi Distillery Co.,Ltd.(603589)$</a>From the technical view, this counter will likely due to fall back","text":"$Anhui Kouzi Distillery Co.,Ltd.(603589)$From the technical view, this counter will likely due to fall back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123412169","isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123419061,"gmtCreate":1624433916853,"gmtModify":1703836552411,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123419061","repostId":"1145825451","repostType":2,"repost":{"id":"1145825451","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123435775,"gmtCreate":1624433746397,"gmtModify":1703836548693,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123435775","repostId":"1132689055","repostType":4,"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584655084310997","authorId":"3584655084310997","name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","crmLevel":2,"crmLevelSwitch":0,"idStr":"3584655084310997","authorIdStr":"3584655084310997"},"content":"Like, comment and follow me pls","text":"Like, comment and follow me pls","html":"Like, comment and follow me pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490466,"gmtCreate":1624432744455,"gmtModify":1703836525921,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490466","repostId":"2145066030","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490599,"gmtCreate":1624432735111,"gmtModify":1703836525429,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490599","repostId":"2145066030","repostType":4,"repost":{"id":"2145066030","pubTimestamp":1624404720,"share":"https://ttm.financial/m/news/2145066030?lang=&edition=fundamental","pubTime":"2021-06-23 07:32","market":"us","language":"en","title":"After-Hours Stock Movers: (SEAC) (SHAK) (CLNE) Higher; (GMTX) (EYES) (BSY) Lower","url":"https://stock-news.laohu8.com/highlight/detail?id=2145066030","media":"StreetInsider","summary":"After-Hours Stock Movers:\nGemini Therapeutics, Inc. (Nasdaq: GMTX) 35.7% LOWER; announced initial da","content":"<p>After-Hours Stock Movers:</p>\n<p><a href=\"https://laohu8.com/S/GMTX\">Gemini Therapeutics, Inc.</a> (Nasdaq: GMTX) 35.7% LOWER; announced initial data from its Phase 2a ReGAtta study of GEM103 as of May 2021 in patients with geographic atrophy (GA) secondary to dry <a href=\"https://laohu8.com/S/AMD\">AMD</a>. ReGAtta is a dose escalation trial of GEM103, which is intravitreally administered recombinant human complement factor H (CFH), in dry AMD patients. The trial, which remains ongoing, is designed to evaluate safety and tolerability, as well as measures of intraocular pharmacokinetics (PK) and disease-relevant biomarkers, to inform the late-stage development program.</p>\n<p><a href=\"https://laohu8.com/S/EYES\">Second Sight Medical Products</a>, Inc. (NASDAQ: EYES) 16.5% LOWER; announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.</p>\n<p>SeaChange Int'l (NASDAQ: SEAC) 14.3% HIGHER; Chairman, Robert Pons, bought 100,000 shares on 06/21 at $1.06.</p>\n<p>Bentley Systems, Incorporated (Nasdaq: BSY) 3.6% LOWER; announced that it intends to offer $500.0 million aggregate principal amount of convertible senior notes due 2027 (the Notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.</p>\n<p>WillScot <a href=\"https://laohu8.com/S/MINI\">Mobile Mini</a> Holdings Corp. (Nasdaq: WSC) 1.8% LOWER; announced the launch of an underwritten, secondary offering (the Offering) of 14,000,000 shares (the Shares) of its common stock, par value $0.0001 per share (the Common Stock). The Shares are being offered by the Companys principal shareholder, Sapphire Holding S.Ã r.l., an entity controlled by TDR Capital (the Selling Stockholder). The Selling Stockholder granted the underwriter a 30-day option to purchase up to an additional 2,100,000 shares. The Company is not offering any shares in the Offering and will not receive any of the proceeds from the Offering.</p>\n<p><a href=\"https://laohu8.com/S/SHAK\">Shake Shack Inc</a>. (NYSE: SHAK) 1.5% HIGHER; SHAK and licensee Maxims Caterers Limited are continuing the momentum in China with an expanded partnership to open 10 Shacks in new territories by 2031, including locations in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan and Guizhou.</p>\n<p>Clean Energy Fuels (NASDAQ: CLNE) 1.5% HIGHER; disclosed that on June 21, 2022, the Company contributed $50 million to the bpJV and forced conversion of bp's Class B Units into Class A Units.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>After-Hours Stock Movers: (SEAC) (SHAK) (CLNE) Higher; (GMTX) (EYES) (BSY) Lower</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAfter-Hours Stock Movers: (SEAC) (SHAK) (CLNE) Higher; (GMTX) (EYES) (BSY) Lower\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 07:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18591459><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>After-Hours Stock Movers:\nGemini Therapeutics, Inc. (Nasdaq: GMTX) 35.7% LOWER; announced initial data from its Phase 2a ReGAtta study of GEM103 as of May 2021 in patients with geographic atrophy (GA)...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18591459\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SEAC":"海易国际","CLNE":"Clean Energy Fuels Corp","SHAK":"Shake Shack Inc","BSY":"Bentley Systems, Inc."},"source_url":"https://www.streetinsider.com/dr/news.php?id=18591459","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145066030","content_text":"After-Hours Stock Movers:\nGemini Therapeutics, Inc. (Nasdaq: GMTX) 35.7% LOWER; announced initial data from its Phase 2a ReGAtta study of GEM103 as of May 2021 in patients with geographic atrophy (GA) secondary to dry AMD. ReGAtta is a dose escalation trial of GEM103, which is intravitreally administered recombinant human complement factor H (CFH), in dry AMD patients. The trial, which remains ongoing, is designed to evaluate safety and tolerability, as well as measures of intraocular pharmacokinetics (PK) and disease-relevant biomarkers, to inform the late-stage development program.\nSecond Sight Medical Products, Inc. (NASDAQ: EYES) 16.5% LOWER; announced that it intends to offer to sell shares of its common stock in an underwritten public offering. All of the shares of common stock are to be sold by the Company. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.\nSeaChange Int'l (NASDAQ: SEAC) 14.3% HIGHER; Chairman, Robert Pons, bought 100,000 shares on 06/21 at $1.06.\nBentley Systems, Incorporated (Nasdaq: BSY) 3.6% LOWER; announced that it intends to offer $500.0 million aggregate principal amount of convertible senior notes due 2027 (the Notes) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the Securities Act). Bentley also expects to grant the initial purchasers of the Notes a 13-day option to purchase up to an additional $75.0 million aggregate principal amount of Notes.\nWillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) 1.8% LOWER; announced the launch of an underwritten, secondary offering (the Offering) of 14,000,000 shares (the Shares) of its common stock, par value $0.0001 per share (the Common Stock). The Shares are being offered by the Companys principal shareholder, Sapphire Holding S.Ã r.l., an entity controlled by TDR Capital (the Selling Stockholder). The Selling Stockholder granted the underwriter a 30-day option to purchase up to an additional 2,100,000 shares. The Company is not offering any shares in the Offering and will not receive any of the proceeds from the Offering.\nShake Shack Inc. (NYSE: SHAK) 1.5% HIGHER; SHAK and licensee Maxims Caterers Limited are continuing the momentum in China with an expanded partnership to open 10 Shacks in new territories by 2031, including locations in Sichuan, Chongqing, Yunnan, Hubei, Shaanxi, Anhui, Henan and Guizhou.\nClean Energy Fuels (NASDAQ: CLNE) 1.5% HIGHER; disclosed that on June 21, 2022, the Company contributed $50 million to the bpJV and forced conversion of bp's Class B Units into Class A Units.","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490139,"gmtCreate":1624432719021,"gmtModify":1703836525104,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490139","repostId":"2145066828","repostType":4,"repost":{"id":"2145066828","pubTimestamp":1624406535,"share":"https://ttm.financial/m/news/2145066828?lang=&edition=fundamental","pubTime":"2021-06-23 08:02","market":"us","language":"en","title":"Microsoft Rises to Join Apple in Exclusive $2 Trillion Club","url":"https://stock-news.laohu8.com/highlight/detail?id=2145066828","media":"Bloomberg","summary":" -- Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.Its shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as $one$ of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but c","content":"<p>(Bloomberg) -- Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.</p>\n<p>Its shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as <a href=\"https://laohu8.com/S/AONE\">one</a> of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion.</p>\n<p>Since taking the reins in 2014, Chief Executive Officer Satya Nadella has reshaped the Redmond, Washington-based company into the largest seller of cloud-computing software, counting both its infrastructure and Office application cloud units. Microsoft is also the only <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the biggest U.S. technology companies that has so far evaded the recent wave of scrutiny from increasingly active American antitrust regulators, giving it a freer hand in both acquisitions and product expansion.</p>\n<p>Microsoft has gained 19% so far this year, outperforming Apple and Amazon.com Inc., as investors piled into the stock on expectations of long-term growth for both earnings and revenue, and expansion in areas like machine learning and cloud computing. The company’s third-quarter results, released in late April, topped expectations and demonstrated strong growth across its business segments.</p>\n<p>The tech-heavy Nasdaq 100 Index outperformed the S&amp;P 500 Index on Tuesday after Federal Reserve Chair Jerome Powell reiterated his view that inflation will be short lived. Both benchmarks rose to session highs after Powell’s comments with the Nasdaq 100 up 1.1% and the S&amp;P 500 up 0.7%.</p>\n<p>Microsoft “has its hands in a lot and it is doing it all well: gaming, cloud, automation, analytics, AI,” said Hilary Frisch, senior research analyst at Clearbridge Investments. “It is an attractively valued name within tech, and it should benefit from both the economy reopening as well as from a more pronounced shift toward the cloud.”</p>\n<p><img src=\"https://static.tigerbbs.com/a280fce51eba99be2831914a36829047\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Co-founded in 1975 by Bill Gates and Paul Allen, Microsoft created the personal-computer software industry and dominated the market for PC operating systems and Office software for years. As internet browsers like Netscape grew in importance in the 1990s, Microsoft raced to introduce its own product that it bundled with Windows software. That led to a bruising antitrust lawsuit, filed in 1998 by the U.S. government, with a federal judge finding the company guilty in 2000.</p>\n<p>Though Microsoft avoided a breakup of its business, the penalty the government originally sought in the antitrust case, the next decade saw the software maker largely miss the advent of mobile software, social media and internet search, falling behind newer rivals such as Google and nimbler ones like Apple. With a series of strategic shifts, in the past seven years Nadella has restored Microsoft to the vanguard of technology with a focus on cloud, mobile computing and artificial intelligence.</p>\n<p>While it took Microsoft 33 years from its IPO to reach its first $1 trillion in value in 2019, the next trillion only took about two years amid a surge in popularity in tech stocks before the Covid-19 pandemic and during the health crisis. Apple made Wall Street history when it reached $2 trillion last year.</p>\n<p>Among U.S. names, the pair are trailed by Amazon, which has a market cap of nearly $1.8 trillion, and Alphabet Inc., which is valued around $1.6 trillion.</p>\n<p>According to data compiled by Bloomberg, more than 90% of analysts recommend buying Microsoft, while none has the equivalent of a sell rating on the stock. The average price target points to upside of about 11% from current levels.</p>\n<p>Growth Drivers</p>\n<p>Microsoft’s cloud-computing business has been a central force behind the advance. According to data compiled by Bloomberg, the Intelligent Cloud business accounted for 33.8% of Microsoft’s 2020 revenue, making it the largest of the three major segments for the first time, and up from 31% in 2019. The division showed revenue growth of 24% last year, compared with the 13% growth in Productivity and Business Processes, and the 6% growth of Microsoft’s More Personal Computing unit.</p>\n<p>Nadella’s strategic moves had put Microsoft in a position to benefit from business trends that arose during the global pandemic. Lockdowns and remote work accelerated a shift to the company’s meeting software and pushed clients to speed up modernizations of software networks and applications around the cloud. The software maker’s Xbox gaming subscriptions also lured users looking for diversion during months stuck at home.</p>\n<p>As workers return to the office, Microsoft has tried to push new ideas for managing meetings where some attendees are in person and some remote, and has been hawking features to boost wellness and productivity for workers that the company says are burned out by the tribulations of the past year.</p>\n<p>“At a high level, the two core pillars of Microsoft’s bull narrative — Microsoft 365 and Azure — are well understood by the investment community,” William Blair analyst Jason Ader wrote in May. “What is perhaps less appreciated is how over the last 15 years Microsoft has expanded its IT wallet share through expanding into new product areas” and taking market share. The wallet share doubled from 2006 to 2020, and “we believe it can double again over the next decade,” it wrote.</p>\n<p>Wall Street is also positive on the company’s M&amp;A strategy. It recently announced that it is buying speech-recognition pioneer <a href=\"https://laohu8.com/S/NUANV\">Nuance Communications Inc</a>. The company also tried to acquire Discord Inc. for $12 billion, but the video-game chat company rejected Microsoft’s offer.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft Rises to Join Apple in Exclusive $2 Trillion Club</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft Rises to Join Apple in Exclusive $2 Trillion Club\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 08:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-rises-join-apple-exclusive-194015199.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-rises-join-apple-exclusive-194015199.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","MSFT":"微软","09086":"华夏纳指-U","AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/microsoft-rises-join-apple-exclusive-194015199.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145066828","content_text":"(Bloomberg) -- Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world.\nIts shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as one of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion.\nSince taking the reins in 2014, Chief Executive Officer Satya Nadella has reshaped the Redmond, Washington-based company into the largest seller of cloud-computing software, counting both its infrastructure and Office application cloud units. Microsoft is also the only one of the biggest U.S. technology companies that has so far evaded the recent wave of scrutiny from increasingly active American antitrust regulators, giving it a freer hand in both acquisitions and product expansion.\nMicrosoft has gained 19% so far this year, outperforming Apple and Amazon.com Inc., as investors piled into the stock on expectations of long-term growth for both earnings and revenue, and expansion in areas like machine learning and cloud computing. The company’s third-quarter results, released in late April, topped expectations and demonstrated strong growth across its business segments.\nThe tech-heavy Nasdaq 100 Index outperformed the S&P 500 Index on Tuesday after Federal Reserve Chair Jerome Powell reiterated his view that inflation will be short lived. Both benchmarks rose to session highs after Powell’s comments with the Nasdaq 100 up 1.1% and the S&P 500 up 0.7%.\nMicrosoft “has its hands in a lot and it is doing it all well: gaming, cloud, automation, analytics, AI,” said Hilary Frisch, senior research analyst at Clearbridge Investments. “It is an attractively valued name within tech, and it should benefit from both the economy reopening as well as from a more pronounced shift toward the cloud.”\n\nCo-founded in 1975 by Bill Gates and Paul Allen, Microsoft created the personal-computer software industry and dominated the market for PC operating systems and Office software for years. As internet browsers like Netscape grew in importance in the 1990s, Microsoft raced to introduce its own product that it bundled with Windows software. That led to a bruising antitrust lawsuit, filed in 1998 by the U.S. government, with a federal judge finding the company guilty in 2000.\nThough Microsoft avoided a breakup of its business, the penalty the government originally sought in the antitrust case, the next decade saw the software maker largely miss the advent of mobile software, social media and internet search, falling behind newer rivals such as Google and nimbler ones like Apple. With a series of strategic shifts, in the past seven years Nadella has restored Microsoft to the vanguard of technology with a focus on cloud, mobile computing and artificial intelligence.\nWhile it took Microsoft 33 years from its IPO to reach its first $1 trillion in value in 2019, the next trillion only took about two years amid a surge in popularity in tech stocks before the Covid-19 pandemic and during the health crisis. Apple made Wall Street history when it reached $2 trillion last year.\nAmong U.S. names, the pair are trailed by Amazon, which has a market cap of nearly $1.8 trillion, and Alphabet Inc., which is valued around $1.6 trillion.\nAccording to data compiled by Bloomberg, more than 90% of analysts recommend buying Microsoft, while none has the equivalent of a sell rating on the stock. The average price target points to upside of about 11% from current levels.\nGrowth Drivers\nMicrosoft’s cloud-computing business has been a central force behind the advance. According to data compiled by Bloomberg, the Intelligent Cloud business accounted for 33.8% of Microsoft’s 2020 revenue, making it the largest of the three major segments for the first time, and up from 31% in 2019. The division showed revenue growth of 24% last year, compared with the 13% growth in Productivity and Business Processes, and the 6% growth of Microsoft’s More Personal Computing unit.\nNadella’s strategic moves had put Microsoft in a position to benefit from business trends that arose during the global pandemic. Lockdowns and remote work accelerated a shift to the company’s meeting software and pushed clients to speed up modernizations of software networks and applications around the cloud. The software maker’s Xbox gaming subscriptions also lured users looking for diversion during months stuck at home.\nAs workers return to the office, Microsoft has tried to push new ideas for managing meetings where some attendees are in person and some remote, and has been hawking features to boost wellness and productivity for workers that the company says are burned out by the tribulations of the past year.\n“At a high level, the two core pillars of Microsoft’s bull narrative — Microsoft 365 and Azure — are well understood by the investment community,” William Blair analyst Jason Ader wrote in May. “What is perhaps less appreciated is how over the last 15 years Microsoft has expanded its IT wallet share through expanding into new product areas” and taking market share. The wallet share doubled from 2006 to 2020, and “we believe it can double again over the next decade,” it wrote.\nWall Street is also positive on the company’s M&A strategy. It recently announced that it is buying speech-recognition pioneer Nuance Communications Inc. The company also tried to acquire Discord Inc. for $12 billion, but the video-game chat company rejected Microsoft’s offer.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123407276,"gmtCreate":1624432685195,"gmtModify":1703836523491,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123407276","repostId":"1115637073","repostType":4,"repost":{"id":"1115637073","pubTimestamp":1624413226,"share":"https://ttm.financial/m/news/1115637073?lang=&edition=fundamental","pubTime":"2021-06-23 09:53","market":"us","language":"en","title":"Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria","url":"https://stock-news.laohu8.com/highlight/detail?id=1115637073","media":"Bloomberg","summary":"It’s been just over a year since the last stock market crash, and investors are wondering if another","content":"<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?</p>\n<p>Jeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.</p>\n<p>Robert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?</p>\n<p>GRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.</p>\n<p><img src=\"https://static.tigerbbs.com/e5c3a701908cefae1e6731747c1dee45\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.</p>\n<p>Robinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.</p>\n<p>Quantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.</p>\n<p>Finally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.</p>\n<p>“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.</p>\n<p>In January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?</p>\n<p>GRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.</p>\n<p>As Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.</p>\n<p>This current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!</p>\n<p>The pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.</p>\n<p>You’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?</p>\n<p>Checking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&amp;P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&amp;P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&amp;P low-priced index down nearly 30% before the broad market crashed.</p>\n<p>Today, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&amp;P has chugged higher by 8% since Feb. 9.</p>\n<p>Probably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.</p>\n<p><img src=\"https://static.tigerbbs.com/c86538b523b4f0d8a0b4391363e62780\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>I willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.</p>\n<p>What it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.</p>\n<p>AUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&amp;P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&amp;P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.</p>\n<p><img src=\"https://static.tigerbbs.com/979b24b3fb1bc843f43dc3fa69b7ee67\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>How similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&amp;P moves sideways.</p>\n<p><img src=\"https://static.tigerbbs.com/21c319ea2658a34a6e86d6f2c71480ad\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Note that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.</p>\n<p>One more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.</p>\n<p><img src=\"https://static.tigerbbs.com/e6f987da4e94f7535f0eb33f1735d2d5\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>To continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?</p>\n<p>On that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:</p>\n<p><img src=\"https://static.tigerbbs.com/01f4f508a8d734f99a00c38518990554\" tg-width=\"800\" tg-height=\"526\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p><img src=\"https://static.tigerbbs.com/d1087d94807b28a3f589ca9b83ad5b3b\" tg-width=\"1000\" tg-height=\"664\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p>There are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.</p>\n<p>This was what Jeremy said four years ago:</p>\n<blockquote>\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&amp;P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n</blockquote>\n<blockquote>\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n</blockquote>\n<p>The issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.</p>\n<p><img src=\"https://static.tigerbbs.com/89600f321aa62b612359d9d78652e6a3\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>On Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?</p>\n<p>GRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.</p>\n<p>Still, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.</p>\n<p>There is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?<img src=\"https://static.tigerbbs.com/9b70f8872fdbdf0905f070287a8501bf\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>GRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.</p>\n<p>Just as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.</p>\n<p>Moving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?</p>\n<p>GRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&amp;P and value stocksvs. growth.</p>\n<p>In addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.</p>\n<p><img src=\"https://static.tigerbbs.com/61119ce01ded6da4506e3464049c2d54\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.</p>\n<p>Our family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.</p>\n<p>AUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&amp;P 500 in total-return terms.</p>\n<p><img src=\"https://static.tigerbbs.com/64a2794abeadade3dfff342413c0e75d\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Add to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.</p>\n<p>Reading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.</p>\n<p>You received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.</p>\n<p>GRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.</p>\n<p>Similarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)</p>\n<p><img src=\"https://static.tigerbbs.com/90768d03b32314264aaa3b29bd590128\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Talking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?</p>\n<p>AUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”</p>\n<p>I’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.</p>\n<p>For doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.</p>\n<p>GRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)</p>\n<p>Using only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.</p>\n<p>For the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.</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>Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria</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\">\nBubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria\">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"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115637073","content_text":"It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?\nJeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.\nRobert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?\nGRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.\n\nThe last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.\nRobinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.\nQuantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.\nFinally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.\n“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.\nIn January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?\nGRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.\nAs Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.\nThis current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!\nThe pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.\nYou’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?\nChecking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&P low-priced index down nearly 30% before the broad market crashed.\nToday, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&P has chugged higher by 8% since Feb. 9.\nProbably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.\n\nI willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.\nWhat it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.\nAUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.\n\nHow similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&P moves sideways.\n\nNote that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.\nOne more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.\n\nTo continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?\nOn that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:\n\nSource: GMO\n\nSource: GMO\nThere are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.\nThis was what Jeremy said four years ago:\n\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n\n\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n\nThe issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.\n\nOn Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?\nGRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.\nStill, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.\nThere is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?\nGRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.\nJust as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.\nMoving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?\nGRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&P and value stocksvs. growth.\nIn addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.\n\nThe S&P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.\nOur family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.\nAUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&P 500 in total-return terms.\n\nAdd to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.\nReading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.\nYou received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.\nGRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.\nSimilarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)\nTalking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?\nAUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”\nI’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.\nFor doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.\nGRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)\nUsing only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.\nFor the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123407841,"gmtCreate":1624432662683,"gmtModify":1703836523168,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123407841","repostId":"2145520610","repostType":4,"repost":{"id":"2145520610","pubTimestamp":1624416600,"share":"https://ttm.financial/m/news/2145520610?lang=&edition=fundamental","pubTime":"2021-06-23 10:50","market":"us","language":"en","title":"Can You Still Count on GameStop Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145520610","media":"Motley Fool","summary":"The higher a stock climbs, the harder it falls.","content":"<p><b>GameStop</b> (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should aware that the company is under investigation by the U.S. Securities and Exchange Commission (SEC) for its share run-up, that was primarily orchestrated by the Reddit commmunity WallStreetBets (WSB).</p>\n<p>Many WSB traders publicly disclosed their identities while promoting the stock in the past six months, leading to them becoming prime targets for possible litigation or criminal investigations. Meanwhile, GameStop is taking advantage of the run-up to issue more stock at the expense of existing shareholders. Is the stock still a safe bet for potential investors?</p>\n<h2>The good news</h2>\n<p>GameStop had a spectacular quarter. In Q1 2021, the company closed down 12.7% of its roughly 4,000 stores in operations. Despite this, it managed to grow its sales by 25% year-over-year to $1.277 billion.</p>\n<p>At the same time, GameStop's operating loss narrowed to $21.6 million from $98.8 million a year ago. Thanks to a once-in-a-lifetime short squeeze, the company was able to offer additional equity to pay back all its debt and start afresh. It currently has more than $700 million in cash and investments on its balance sheet.</p>\n<h2>The bad news</h2>\n<p>After the earnings release, GameStop shares fell by as much as 27% in a single trading session. In addition, the company announced it would issue up to five million additional shares over a period of time, representing a dilution of up to 7% to its 70 million shares outstanding.</p>\n<p>That aside, there's the major risk of lawsuits against those involved in the coordinated \"pump and dump\" activities of the WSB community. Reddit user profiles of these traders are pretty much public. In fact, lawsuits have already been filed against prominent members of the community for allegedly promoting GameStop while the stock was at \"artificially high levels\".</p>\n<p>On June 9, the SEC announced it was probing GameStop concerning recent trading activities. While the investigation is still in its infancy, WSB members are growing increasingly concerned about legal and privacy issues from the fallout. The agency could potentially subpoena popular platforms like Reddit to access personal information/identities of members regarding their roles in the run-up. I believe this rapidly spreading fear, especially among those who are \"holding-on-for-dear-life\" (HODLers), is responsible for the sell-off.</p>\n<h2>What's next?</h2>\n<p>The same community that propped up GameStop's stock in a greed-fueled frenzy is equally capable of sending the shares crashing if fear takes center stage. While the company is generating solid growth, the company has a negative free cash flow of about $33.5 million per quarter, including a net cash outflow of nearly $19 million in operating activites. It's a noticeable improvement from $55.9 million negative FCF last year -- but still isn't good news yet. GameStop sold investors on the dream of a turnaround into an e-commerce giant and now has to live up to its reputation.</p>\n<p>There is a lot of uncertainty as to how profitable the new GameStop could be. Maybe its net margins will improve to 5% to 10%; perhaps it will hover around 0%, perhaps it will keep running at a loss for quite some time. After all, its gross margins actually fell 1.8 percentage points to 25.9% in Q1. Until the company can prove its new business model is working, it's probably better to look at retailers with both revenue growth and solid profitability instead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can You Still Count on GameStop Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan You Still Count on GameStop Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/\">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.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145520610","content_text":"GameStop (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should aware that the company is under investigation by the U.S. Securities and Exchange Commission (SEC) for its share run-up, that was primarily orchestrated by the Reddit commmunity WallStreetBets (WSB).\nMany WSB traders publicly disclosed their identities while promoting the stock in the past six months, leading to them becoming prime targets for possible litigation or criminal investigations. Meanwhile, GameStop is taking advantage of the run-up to issue more stock at the expense of existing shareholders. Is the stock still a safe bet for potential investors?\nThe good news\nGameStop had a spectacular quarter. In Q1 2021, the company closed down 12.7% of its roughly 4,000 stores in operations. Despite this, it managed to grow its sales by 25% year-over-year to $1.277 billion.\nAt the same time, GameStop's operating loss narrowed to $21.6 million from $98.8 million a year ago. Thanks to a once-in-a-lifetime short squeeze, the company was able to offer additional equity to pay back all its debt and start afresh. It currently has more than $700 million in cash and investments on its balance sheet.\nThe bad news\nAfter the earnings release, GameStop shares fell by as much as 27% in a single trading session. In addition, the company announced it would issue up to five million additional shares over a period of time, representing a dilution of up to 7% to its 70 million shares outstanding.\nThat aside, there's the major risk of lawsuits against those involved in the coordinated \"pump and dump\" activities of the WSB community. Reddit user profiles of these traders are pretty much public. In fact, lawsuits have already been filed against prominent members of the community for allegedly promoting GameStop while the stock was at \"artificially high levels\".\nOn June 9, the SEC announced it was probing GameStop concerning recent trading activities. While the investigation is still in its infancy, WSB members are growing increasingly concerned about legal and privacy issues from the fallout. The agency could potentially subpoena popular platforms like Reddit to access personal information/identities of members regarding their roles in the run-up. I believe this rapidly spreading fear, especially among those who are \"holding-on-for-dear-life\" (HODLers), is responsible for the sell-off.\nWhat's next?\nThe same community that propped up GameStop's stock in a greed-fueled frenzy is equally capable of sending the shares crashing if fear takes center stage. While the company is generating solid growth, the company has a negative free cash flow of about $33.5 million per quarter, including a net cash outflow of nearly $19 million in operating activites. It's a noticeable improvement from $55.9 million negative FCF last year -- but still isn't good news yet. GameStop sold investors on the dream of a turnaround into an e-commerce giant and now has to live up to its reputation.\nThere is a lot of uncertainty as to how profitable the new GameStop could be. Maybe its net margins will improve to 5% to 10%; perhaps it will hover around 0%, perhaps it will keep running at a loss for quite some time. After all, its gross margins actually fell 1.8 percentage points to 25.9% in Q1. Until the company can prove its new business model is working, it's probably better to look at retailers with both revenue growth and solid profitability instead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123404698,"gmtCreate":1624432627114,"gmtModify":1703836522357,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123404698","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This Year?</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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167172678,"gmtCreate":1624255494794,"gmtModify":1703831716107,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Up...up...up","listText":"Up...up...up","text":"Up...up...up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167172678","repostId":"1151664333","repostType":4,"repost":{"id":"1151664333","pubTimestamp":1624253203,"share":"https://ttm.financial/m/news/1151664333?lang=&edition=fundamental","pubTime":"2021-06-21 13:26","market":"fut","language":"en","title":"Oil Climbs Near $72 as Iran Nuclear Talks End Without Agreement","url":"https://stock-news.laohu8.com/highlight/detail?id=1151664333","media":"Bloomberg","summary":"(Bloomberg) -- Oil climbed near $72 a barrel after the latest talks between world powers and Iran to","content":"<p>(Bloomberg) -- Oil climbed near $72 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president.</p>\n<p>Futures in New York rose 0.4% after increasing for a fourth week. Diplomats adjourned a sixth round of meetings with significant gaps remaining to mend the accord, the third time since talks began in April that negotiators have missed self-imposed deadlines to rejuvenate the agreement. A revived deal would likely lead to the easing of U.S. sanctions and higher crude flows.</p>\n<p>The election of conservative cleric Ebrahim Raisi as Iran’s president, however, may complicate future talks. Raisi is subject to U.S. sanctions and Tehran insists they must be removed as part of an agreement to revive the pact.</p>\n<p>Crude is up almost 50% this year as major economies emerge from restrictions and lockdowns after the roll-out of Covid-19 vaccinations worldwide. Demand has rebounded, especially in the U.S. and parts of Asia. Oil consumption in China has exceeded pre-pandemic levels and India is showing signs of recovering from a deadly second virus wave that decimated its economy.</p>\n<p>“The market is quickly coming around to the view that, with demand rebounding so strongly over the northern hemisphere summer, additional supply will be required,” said Daniel Hynes, senior commodities strategist at Australia and New Zealand Banking Group Ltd. “With OPEC remaining cautious and little chance of Iranian oil hitting the market soon, the market looks likely to remain fairly tight in the next few months.”</p>\n<p>The market has firmed in a bullish structure. The prompt timespread for Brent was 79 cents a barrel in backwardation -- where near-dated prices are more expensive than later-dated ones. That compares with 57 cents a week earlier.</p>\n<p>Abbas Araghchi, Iran’s lead negotiator in the nuclear talks, said one of the most serious matters discussed in the latest round was Tehran’s need for a guarantee from the U.S. that future governments won’t exit the deal again -- as former President Donald Trump did in 2018 -- or reimpose sanctions.</p>","source":"lsy1612507957220","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>Oil Climbs Near $72 as Iran Nuclear Talks End Without Agreement</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\">\nOil Climbs Near $72 as Iran Nuclear Talks End Without Agreement\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 13:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/oil-holds-near-72-iran-224206607.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Oil climbed near $72 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new ...</p>\n\n<a href=\"https://finance.yahoo.com/news/oil-holds-near-72-iran-224206607.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/oil-holds-near-72-iran-224206607.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1151664333","content_text":"(Bloomberg) -- Oil climbed near $72 a barrel after the latest talks between world powers and Iran to revive a nuclear deal ended without an agreement, a day after the OPEC producer elected a new president.\nFutures in New York rose 0.4% after increasing for a fourth week. Diplomats adjourned a sixth round of meetings with significant gaps remaining to mend the accord, the third time since talks began in April that negotiators have missed self-imposed deadlines to rejuvenate the agreement. A revived deal would likely lead to the easing of U.S. sanctions and higher crude flows.\nThe election of conservative cleric Ebrahim Raisi as Iran’s president, however, may complicate future talks. Raisi is subject to U.S. sanctions and Tehran insists they must be removed as part of an agreement to revive the pact.\nCrude is up almost 50% this year as major economies emerge from restrictions and lockdowns after the roll-out of Covid-19 vaccinations worldwide. Demand has rebounded, especially in the U.S. and parts of Asia. Oil consumption in China has exceeded pre-pandemic levels and India is showing signs of recovering from a deadly second virus wave that decimated its economy.\n“The market is quickly coming around to the view that, with demand rebounding so strongly over the northern hemisphere summer, additional supply will be required,” said Daniel Hynes, senior commodities strategist at Australia and New Zealand Banking Group Ltd. “With OPEC remaining cautious and little chance of Iranian oil hitting the market soon, the market looks likely to remain fairly tight in the next few months.”\nThe market has firmed in a bullish structure. The prompt timespread for Brent was 79 cents a barrel in backwardation -- where near-dated prices are more expensive than later-dated ones. That compares with 57 cents a week earlier.\nAbbas Araghchi, Iran’s lead negotiator in the nuclear talks, said one of the most serious matters discussed in the latest round was Tehran’s need for a guarantee from the U.S. that future governments won’t exit the deal again -- as former President Donald Trump did in 2018 -- or reimpose sanctions.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167173012,"gmtCreate":1624255230036,"gmtModify":1703831709593,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167173012","repostId":"2145835050","repostType":4,"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167179446,"gmtCreate":1624255212285,"gmtModify":1703831709430,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167179446","repostId":"2145835050","repostType":4,"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":123435775,"gmtCreate":1624433746397,"gmtModify":1703836548693,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123435775","repostId":"1132689055","repostType":4,"repost":{"id":"1132689055","pubTimestamp":1624433224,"share":"https://ttm.financial/m/news/1132689055?lang=&edition=fundamental","pubTime":"2021-06-23 15:27","market":"us","language":"en","title":"Software Firm Sprinklr Raises $266 Million in Downsized U.S. IPO","url":"https://stock-news.laohu8.com/highlight/detail?id=1132689055","media":"Bloomberg","summary":"Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. init","content":"<p>Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.</p>\n<p>The company priced 16.6 million shares on Tuesday at $16 each after marketing 19 million shares for $18 to $20 apiece, according to astatement.</p>\n<p>At $16 a share, Sprinklr has a market value of about $4 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.</p>\n<p>Sprinklr was last valued at $2.7 billion when it raised financing last year, according to data provider PitchBook.</p>\n<p>Sprinklr works with clients such as Microsoft Corp., McDonald’s Corp. and Cisco Systems Inc. to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.</p>\n<p>Its top investors includeHellman &amp; Friedman,Battery VenturesandIconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.</p>\n<p>Sprinklr had $387 million in revenue for the year ended Jan. 31, up from $324 million during the same period the year before, according to its filings. The company had a net loss of $41 million for the period, up from $39 million last year.</p>\n<p>The offering is being led byMorgan Stanley,JPMorgan Chase &amp; Co.,Barclays PlcandWells Fargo &amp; Co.Sprinklr’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.</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>Software Firm Sprinklr Raises $266 Million in Downsized U.S. 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\">\nSoftware Firm Sprinklr Raises $266 Million in Downsized U.S. IPO\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.\nThe company priced...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CXM":"Sprinklr, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-23/software-firm-sprinklr-raises-266-million-in-downsized-u-s-ipo","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132689055","content_text":"Sprinklr Inc., a customer experience software maker, raised $266 million after pricing its U.S. initial public offering below a marketed range and cutting the number of shares sold.\nThe company priced 16.6 million shares on Tuesday at $16 each after marketing 19 million shares for $18 to $20 apiece, according to astatement.\nAt $16 a share, Sprinklr has a market value of about $4 billion based on the outstanding shares listed in its filings with the U.S. Securities and Exchange Commission.\nSprinklr was last valued at $2.7 billion when it raised financing last year, according to data provider PitchBook.\nSprinklr works with clients such as Microsoft Corp., McDonald’s Corp. and Cisco Systems Inc. to help brands interact with customers online. Its software offerings include social media management, social advertising and content marketing.\nIts top investors includeHellman & Friedman,Battery VenturesandIconiq Strategic Partners, which together will control more than half of the shareholder voting power after the IPO, according to the filing.\nSprinklr had $387 million in revenue for the year ended Jan. 31, up from $324 million during the same period the year before, according to its filings. The company had a net loss of $41 million for the period, up from $39 million last year.\nThe offering is being led byMorgan Stanley,JPMorgan Chase & Co.,Barclays PlcandWells Fargo & Co.Sprinklr’s shares are expected to begin trading Wednesday on the New York Stock Exchange under the symbol CXM.","news_type":1},"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3584655084310997","authorId":"3584655084310997","name":"TSENR3","avatar":"https://static.tigerbbs.com/02c7cd50655930bda46aef01d6a5ad53","crmLevel":2,"crmLevelSwitch":0,"idStr":"3584655084310997","authorIdStr":"3584655084310997"},"content":"Like, comment and follow me pls","text":"Like, comment and follow me pls","html":"Like, comment and follow me pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123407276,"gmtCreate":1624432685195,"gmtModify":1703836523491,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/123407276","repostId":"1115637073","repostType":4,"repost":{"id":"1115637073","pubTimestamp":1624413226,"share":"https://ttm.financial/m/news/1115637073?lang=&edition=fundamental","pubTime":"2021-06-23 09:53","market":"us","language":"en","title":"Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria","url":"https://stock-news.laohu8.com/highlight/detail?id=1115637073","media":"Bloomberg","summary":"It’s been just over a year since the last stock market crash, and investors are wondering if another","content":"<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?</p>\n<p>Jeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.</p>\n<p>Robert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?</p>\n<p>GRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.</p>\n<p><img src=\"https://static.tigerbbs.com/e5c3a701908cefae1e6731747c1dee45\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.</p>\n<p>Robinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.</p>\n<p>Quantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.</p>\n<p>Finally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.</p>\n<p>“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.</p>\n<p>In January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?</p>\n<p>GRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.</p>\n<p>As Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.</p>\n<p>This current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!</p>\n<p>The pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.</p>\n<p>You’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?</p>\n<p>Checking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&amp;P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&amp;P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&amp;P low-priced index down nearly 30% before the broad market crashed.</p>\n<p>Today, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&amp;P has chugged higher by 8% since Feb. 9.</p>\n<p>Probably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.</p>\n<p><img src=\"https://static.tigerbbs.com/c86538b523b4f0d8a0b4391363e62780\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>I willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.</p>\n<p>What it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.</p>\n<p>AUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&amp;P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&amp;P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.</p>\n<p><img src=\"https://static.tigerbbs.com/979b24b3fb1bc843f43dc3fa69b7ee67\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>How similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&amp;P moves sideways.</p>\n<p><img src=\"https://static.tigerbbs.com/21c319ea2658a34a6e86d6f2c71480ad\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Note that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.</p>\n<p>One more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.</p>\n<p><img src=\"https://static.tigerbbs.com/e6f987da4e94f7535f0eb33f1735d2d5\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>To continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?</p>\n<p>On that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:</p>\n<p><img src=\"https://static.tigerbbs.com/01f4f508a8d734f99a00c38518990554\" tg-width=\"800\" tg-height=\"526\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p><img src=\"https://static.tigerbbs.com/d1087d94807b28a3f589ca9b83ad5b3b\" tg-width=\"1000\" tg-height=\"664\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p>There are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.</p>\n<p>This was what Jeremy said four years ago:</p>\n<blockquote>\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&amp;P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n</blockquote>\n<blockquote>\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n</blockquote>\n<p>The issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.</p>\n<p><img src=\"https://static.tigerbbs.com/89600f321aa62b612359d9d78652e6a3\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>On Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?</p>\n<p>GRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.</p>\n<p>Still, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.</p>\n<p>There is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?<img src=\"https://static.tigerbbs.com/9b70f8872fdbdf0905f070287a8501bf\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>GRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.</p>\n<p>Just as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.</p>\n<p>Moving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?</p>\n<p>GRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&amp;P and value stocksvs. growth.</p>\n<p>In addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.</p>\n<p><img src=\"https://static.tigerbbs.com/61119ce01ded6da4506e3464049c2d54\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&amp;P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.</p>\n<p>Our family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.</p>\n<p>AUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&amp;P 500 in total-return terms.</p>\n<p><img src=\"https://static.tigerbbs.com/64a2794abeadade3dfff342413c0e75d\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Add to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.</p>\n<p>Reading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.</p>\n<p>You received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.</p>\n<p>GRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.</p>\n<p>Similarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)</p>\n<p><img src=\"https://static.tigerbbs.com/90768d03b32314264aaa3b29bd590128\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Talking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?</p>\n<p>AUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”</p>\n<p>I’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.</p>\n<p>For doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.</p>\n<p>GRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)</p>\n<p>Using only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.</p>\n<p>For the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.</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>Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria</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\">\nBubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria\">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"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115637073","content_text":"It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?\nJeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.\nRobert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?\nGRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.\n\nThe last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.\nRobinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.\nQuantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.\nFinally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.\n“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.\nIn January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?\nGRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.\nAs Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.\nThis current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!\nThe pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.\nYou’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?\nChecking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&P low-priced index down nearly 30% before the broad market crashed.\nToday, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&P has chugged higher by 8% since Feb. 9.\nProbably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.\n\nI willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.\nWhat it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.\nAUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.\n\nHow similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&P moves sideways.\n\nNote that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.\nOne more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.\n\nTo continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?\nOn that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:\n\nSource: GMO\n\nSource: GMO\nThere are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.\nThis was what Jeremy said four years ago:\n\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n\n\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n\nThe issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.\n\nOn Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?\nGRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.\nStill, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.\nThere is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?\nGRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.\nJust as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.\nMoving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?\nGRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&P and value stocksvs. growth.\nIn addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.\n\nThe S&P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.\nOur family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.\nAUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&P 500 in total-return terms.\n\nAdd to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.\nReading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.\nYou received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.\nGRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.\nSimilarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)\nTalking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?\nAUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”\nI’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.\nFor doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.\nGRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)\nUsing only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.\nFor the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167170415,"gmtCreate":1624255178237,"gmtModify":1703831707462,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/167170415","repostId":"2145083140","repostType":4,"repost":{"id":"2145083140","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":1624254048,"share":"https://ttm.financial/m/news/2145083140?lang=&edition=fundamental","pubTime":"2021-06-21 13:40","market":"us","language":"en","title":"Goldman Sachs expands transaction bank to Britain","url":"https://stock-news.laohu8.com/highlight/detail?id=2145083140","media":"Reuters","summary":"LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm sai","content":"<p>LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.</p>\n<p>The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.</p>\n<p>Goldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems</p>\n<p>\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.</p>\n<p>Goldman is trying to compete with rivals such as Citigroup</p>\n<p>and JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.</p>\n<p>Britain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.</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>Goldman Sachs expands transaction bank to Britain</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\">\nGoldman Sachs expands transaction bank to Britain\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-21 13:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.</p>\n<p>The bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.</p>\n<p>Goldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems</p>\n<p>\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.</p>\n<p>Goldman is trying to compete with rivals such as Citigroup</p>\n<p>and JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.</p>\n<p>Britain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145083140","content_text":"LONDON, June 21 (Reuters) - Goldman Sachs has launched its transaction bank in Britain, the firm said Monday, expanding the business after launching in the United States last year as it looks for steadier sources of revenue beyond its investment bank.\nThe bank is to offer companies in Britain cash management services such as payment processing and payroll as it continues to grow in the country having launched its retail brand Marcus there in 2018.\nGoldman Sachs said its transaction banking business in the United States has attracted more than 250 clients since June last year, taking in more than $35 billion in deposits and processing trillions of dollars through its systems\n\"The growth of this business has exceeded our estimates and we are very excited to bring transaction banking to the UK to expand our client reach and streamline banking for multinational corporations with a presence in the US and the UK,\" said Hari Moorthy, Goldman's transaction banking global head.\nGoldman is trying to compete with rivals such as Citigroup\nand JPMorgan which offer a wider set of services to corporate clients. The bank is hoping its digital cash management platform will attract clients currently using older systems at competing banks.\nBritain is proving a popular place for U.S. banks to expand, with JPMorgan gearing up to launch a digital bank in the country. Last week it bought British roboadvisor Nutmeg which will form the basis of its retail digital wealth management offering internationally.","news_type":1},"isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126457945,"gmtCreate":1624582703087,"gmtModify":1703840862155,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126457945","repostId":"1161267930","repostType":4,"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126455427,"gmtCreate":1624582639869,"gmtModify":1703840860381,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126455427","repostId":"2146023477","repostType":4,"repost":{"id":"2146023477","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":1624575912,"share":"https://ttm.financial/m/news/2146023477?lang=&edition=fundamental","pubTime":"2021-06-25 07:05","market":"us","language":"en","title":"Nasdaq and S&P 500 end at record highs; Dow rallies","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023477","media":"Reuters","summary":"June 24 (Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the ","content":"<p>June 24 (Reuters) - The Nasdaq and the S&amp;P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.</p>\n<p>With massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.</p>\n<p>Construction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.</p>\n<p>\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.</p>\n<p>Fueling the S&amp;P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.</p>\n<p>Mega-caps <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc each gained more than 1%, and were also among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>Microsoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.</p>\n<p>Initial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.</p>\n<p>The Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.</p>\n<p>So far this month, the S&amp;P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.</p>\n<p>The Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&amp;P 500 gained 0.58% to 4,266.49.</p>\n<p>The Nasdaq Composite climbed 0.69% to 14,369.71.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 technology, healthcare and communication services sector indexes hit record highs.</p>\n<p>So far in 2021, the S&amp;P 500 has gained almost 14%, beating the Nasdaq's 11% rise.</p>\n<p>Eli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.</p>\n<p>In response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.</p>\n<p>MGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"</p>\n<p>Accenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.</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>Nasdaq and S&P 500 end at record highs; Dow rallies</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\">\nNasdaq and S&P 500 end at record highs; Dow rallies\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-25 07:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 24 (Reuters) - The Nasdaq and the S&amp;P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.</p>\n<p>With massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.</p>\n<p>Construction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.</p>\n<p>\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.</p>\n<p>Fueling the S&amp;P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.</p>\n<p>Mega-caps <a href=\"https://laohu8.com/S/PYPL\">PayPal</a> and <a href=\"https://laohu8.com/S/FB\">Facebook</a> Inc each gained more than 1%, and were also among the biggest boosts to the S&amp;P 500 and the Nasdaq.</p>\n<p>Microsoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.</p>\n<p>Initial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.</p>\n<p>The Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.</p>\n<p>So far this month, the S&amp;P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.</p>\n<p>The Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&amp;P 500 gained 0.58% to 4,266.49.</p>\n<p>The Nasdaq Composite climbed 0.69% to 14,369.71.</p>\n<p>Volume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.</p>\n<p>The S&amp;P 500 technology, healthcare and communication services sector indexes hit record highs.</p>\n<p>So far in 2021, the S&amp;P 500 has gained almost 14%, beating the Nasdaq's 11% rise.</p>\n<p>Eli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.</p>\n<p>In response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.</p>\n<p>MGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"</p>\n<p>Accenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500","513500":"标普500ETF",".SPX":"S&P 500 Index","OEX":"标普100","IVV":"标普500指数ETF","SDS":"两倍做空标普500ETF","SSO":"两倍做多标普500ETF","SPXU":"三倍做空标普500ETF",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","UPRO":"三倍做多标普500ETF",".DJI":"道琼斯","SH":"标普500反向ETF","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146023477","content_text":"June 24 (Reuters) - The Nasdaq and the S&P 500 indexes closed at record highs on Thursday, with the Dow also jumping almost 1% after U.S. President Joe Biden embraced a bipartisan Senate infrastructure deal.\nWith massive fiscal stimulus helped the U.S. economy grow at a 6.4% annualized rate in the first quarter, investors have been banking on an infrastructure agreement that could steer the next leg of the recovery for the world's largest economy and fuel more stock gains.\nConstruction and mining equipment maker Caterpillar and aerospace firm Boeing both jumped more than 2%, helping lift the Dow Jones Industrial Average.\n\"In the short term, I think there will be some 'buy the rumor and sell the news' in materials and industrials, but as we start to see more details come out about how the money will be spent, I think we will get a continued benefit,\" said Sal Bruno, chief investment officer at IndexIQ in New York.\nFueling the S&P 500's gains more than any other stock, Tesla Inc rose 3.5% after Chief Executive Officer Elon Musk said he would list SpaceX's space internet venture, Starlink, when its cash flow is reasonably predictable, adding that Tesla shareholders could get preference in investing.\nMega-caps PayPal and Facebook Inc each gained more than 1%, and were also among the biggest boosts to the S&P 500 and the Nasdaq.\nMicrosoft added 0.5% and ended with a market capitalization above $2 trillion for its first time.\nInitial claims for state unemployment benefits fell 7,000 to 411,000 for the week ended June 19, the Labor Department said on Thursday, but were still higher than the 380,000 that economists had forecast.\nThe Commerce Department said the economy grew at a 6.4% rate last quarter, unrevised from the estimate published in May.\nSo far this month, the S&P 500 growth index has climbed almost 4%, outperforming the value index's 2% drop.\nThe Dow Jones Industrial Average rose 0.95% to end at 34,196.82 points, while the S&P 500 gained 0.58% to 4,266.49.\nThe Nasdaq Composite climbed 0.69% to 14,369.71.\nVolume on U.S. exchanges was 9.2 billion shares, less than the 11.0 billion average over the last 20 trading days.\nThe S&P 500 technology, healthcare and communication services sector indexes hit record highs.\nSo far in 2021, the S&P 500 has gained almost 14%, beating the Nasdaq's 11% rise.\nEli Lilly and Co jumped 7.3% to a record high after the drugmaker said it would apply for the U.S. Food and Drug Administration's accelerated approval for its experimental Alzheimer's drug this year.\nIn response, Biogen Inc , which received a controversial approval for its Alzheimer's drug aducanumab earlier this month, tumbled 6.1%.\nMGM Resorts International rose 2.2% after Deutsche Bank upgraded the casino operator's stock to \"buy\" from \"hold.\"\nAccenture Plc gained 2.1% after the IT consulting firm raised its full-year revenue forecast.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.29-to-1 ratio; on Nasdaq, a 2.44-to-1 ratio favored advancers.\nThe S&P 500 posted 36 new 52-week highs and 1 new lows; the Nasdaq Composite recorded 105 new highs and 27 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126458209,"gmtCreate":1624582554901,"gmtModify":1703840855810,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126458209","repostId":"2146202596","repostType":4,"isVote":1,"tweetType":1,"viewCount":312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128261387,"gmtCreate":1624519074549,"gmtModify":1703839129890,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"It looks interesting","listText":"It looks interesting","text":"It looks interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128261387","repostId":"1138132786","repostType":4,"repost":{"id":"1138132786","pubTimestamp":1624518924,"share":"https://ttm.financial/m/news/1138132786?lang=&edition=fundamental","pubTime":"2021-06-24 15:15","market":"us","language":"en","title":"Visa to buy Swedish fintech start-up Tink for $2.1 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1138132786","media":"cnbc","summary":"ONDON —Visahas agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($","content":"<div>\n<p>ONDON —Visahas agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion).\nThe deal comes after the payment giant's bid to buy American fintech firm Plaid was ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/visa-to-buy-swedish-fintech-start-up-tink.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa to buy Swedish fintech start-up Tink for $2.1 billion</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\">\nVisa to buy Swedish fintech start-up Tink for $2.1 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 15:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/visa-to-buy-swedish-fintech-start-up-tink.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ONDON —Visahas agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion).\nThe deal comes after the payment giant's bid to buy American fintech firm Plaid was ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/visa-to-buy-swedish-fintech-start-up-tink.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"V":"Visa"},"source_url":"https://www.cnbc.com/2021/06/24/visa-to-buy-swedish-fintech-start-up-tink.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1138132786","content_text":"ONDON —Visahas agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion).\nThe deal comes after the payment giant's bid to buy American fintech firm Plaid was torpedoed by U.S. regulators.","news_type":1},"isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123419061,"gmtCreate":1624433916853,"gmtModify":1703836552411,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123419061","repostId":"1145825451","repostType":2,"repost":{"id":"1145825451","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NIO":"蔚来"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":178,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123407841,"gmtCreate":1624432662683,"gmtModify":1703836523168,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123407841","repostId":"2145520610","repostType":4,"repost":{"id":"2145520610","pubTimestamp":1624416600,"share":"https://ttm.financial/m/news/2145520610?lang=&edition=fundamental","pubTime":"2021-06-23 10:50","market":"us","language":"en","title":"Can You Still Count on GameStop Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145520610","media":"Motley Fool","summary":"The higher a stock climbs, the harder it falls.","content":"<p><b>GameStop</b> (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should aware that the company is under investigation by the U.S. Securities and Exchange Commission (SEC) for its share run-up, that was primarily orchestrated by the Reddit commmunity WallStreetBets (WSB).</p>\n<p>Many WSB traders publicly disclosed their identities while promoting the stock in the past six months, leading to them becoming prime targets for possible litigation or criminal investigations. Meanwhile, GameStop is taking advantage of the run-up to issue more stock at the expense of existing shareholders. Is the stock still a safe bet for potential investors?</p>\n<h2>The good news</h2>\n<p>GameStop had a spectacular quarter. In Q1 2021, the company closed down 12.7% of its roughly 4,000 stores in operations. Despite this, it managed to grow its sales by 25% year-over-year to $1.277 billion.</p>\n<p>At the same time, GameStop's operating loss narrowed to $21.6 million from $98.8 million a year ago. Thanks to a once-in-a-lifetime short squeeze, the company was able to offer additional equity to pay back all its debt and start afresh. It currently has more than $700 million in cash and investments on its balance sheet.</p>\n<h2>The bad news</h2>\n<p>After the earnings release, GameStop shares fell by as much as 27% in a single trading session. In addition, the company announced it would issue up to five million additional shares over a period of time, representing a dilution of up to 7% to its 70 million shares outstanding.</p>\n<p>That aside, there's the major risk of lawsuits against those involved in the coordinated \"pump and dump\" activities of the WSB community. Reddit user profiles of these traders are pretty much public. In fact, lawsuits have already been filed against prominent members of the community for allegedly promoting GameStop while the stock was at \"artificially high levels\".</p>\n<p>On June 9, the SEC announced it was probing GameStop concerning recent trading activities. While the investigation is still in its infancy, WSB members are growing increasingly concerned about legal and privacy issues from the fallout. The agency could potentially subpoena popular platforms like Reddit to access personal information/identities of members regarding their roles in the run-up. I believe this rapidly spreading fear, especially among those who are \"holding-on-for-dear-life\" (HODLers), is responsible for the sell-off.</p>\n<h2>What's next?</h2>\n<p>The same community that propped up GameStop's stock in a greed-fueled frenzy is equally capable of sending the shares crashing if fear takes center stage. While the company is generating solid growth, the company has a negative free cash flow of about $33.5 million per quarter, including a net cash outflow of nearly $19 million in operating activites. It's a noticeable improvement from $55.9 million negative FCF last year -- but still isn't good news yet. GameStop sold investors on the dream of a turnaround into an e-commerce giant and now has to live up to its reputation.</p>\n<p>There is a lot of uncertainty as to how profitable the new GameStop could be. Maybe its net margins will improve to 5% to 10%; perhaps it will hover around 0%, perhaps it will keep running at a loss for quite some time. After all, its gross margins actually fell 1.8 percentage points to 25.9% in Q1. Until the company can prove its new business model is working, it's probably better to look at retailers with both revenue growth and solid profitability instead.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Can You Still Count on GameStop Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCan You Still Count on GameStop Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 10:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GameStop (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/\">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.fool.com/investing/2021/06/22/can-you-still-count-on-gamestop-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145520610","content_text":"GameStop (NYSE:GME) reported impressive revenue growth in Q1 2021, crushing the narrative that it's a failing brick-and-mortar video game retailer with a bleak outlook. That said, investors should aware that the company is under investigation by the U.S. Securities and Exchange Commission (SEC) for its share run-up, that was primarily orchestrated by the Reddit commmunity WallStreetBets (WSB).\nMany WSB traders publicly disclosed their identities while promoting the stock in the past six months, leading to them becoming prime targets for possible litigation or criminal investigations. Meanwhile, GameStop is taking advantage of the run-up to issue more stock at the expense of existing shareholders. Is the stock still a safe bet for potential investors?\nThe good news\nGameStop had a spectacular quarter. In Q1 2021, the company closed down 12.7% of its roughly 4,000 stores in operations. Despite this, it managed to grow its sales by 25% year-over-year to $1.277 billion.\nAt the same time, GameStop's operating loss narrowed to $21.6 million from $98.8 million a year ago. Thanks to a once-in-a-lifetime short squeeze, the company was able to offer additional equity to pay back all its debt and start afresh. It currently has more than $700 million in cash and investments on its balance sheet.\nThe bad news\nAfter the earnings release, GameStop shares fell by as much as 27% in a single trading session. In addition, the company announced it would issue up to five million additional shares over a period of time, representing a dilution of up to 7% to its 70 million shares outstanding.\nThat aside, there's the major risk of lawsuits against those involved in the coordinated \"pump and dump\" activities of the WSB community. Reddit user profiles of these traders are pretty much public. In fact, lawsuits have already been filed against prominent members of the community for allegedly promoting GameStop while the stock was at \"artificially high levels\".\nOn June 9, the SEC announced it was probing GameStop concerning recent trading activities. While the investigation is still in its infancy, WSB members are growing increasingly concerned about legal and privacy issues from the fallout. The agency could potentially subpoena popular platforms like Reddit to access personal information/identities of members regarding their roles in the run-up. I believe this rapidly spreading fear, especially among those who are \"holding-on-for-dear-life\" (HODLers), is responsible for the sell-off.\nWhat's next?\nThe same community that propped up GameStop's stock in a greed-fueled frenzy is equally capable of sending the shares crashing if fear takes center stage. While the company is generating solid growth, the company has a negative free cash flow of about $33.5 million per quarter, including a net cash outflow of nearly $19 million in operating activites. It's a noticeable improvement from $55.9 million negative FCF last year -- but still isn't good news yet. GameStop sold investors on the dream of a turnaround into an e-commerce giant and now has to live up to its reputation.\nThere is a lot of uncertainty as to how profitable the new GameStop could be. Maybe its net margins will improve to 5% to 10%; perhaps it will hover around 0%, perhaps it will keep running at a loss for quite some time. After all, its gross margins actually fell 1.8 percentage points to 25.9% in Q1. Until the company can prove its new business model is working, it's probably better to look at retailers with both revenue growth and solid profitability instead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167173012,"gmtCreate":1624255230036,"gmtModify":1703831709593,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167173012","repostId":"2145835050","repostType":4,"isVote":1,"tweetType":1,"viewCount":456,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490466,"gmtCreate":1624432744455,"gmtModify":1703836525921,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490466","repostId":"2145066030","repostType":4,"isVote":1,"tweetType":1,"viewCount":253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490139,"gmtCreate":1624432719021,"gmtModify":1703836525104,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490139","repostId":"2145066828","repostType":4,"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123404698,"gmtCreate":1624432627114,"gmtModify":1703836522357,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123404698","repostId":"1186919064","repostType":2,"repost":{"id":"1186919064","pubTimestamp":1624352931,"share":"https://ttm.financial/m/news/1186919064?lang=&edition=fundamental","pubTime":"2021-06-22 17:08","market":"us","language":"en","title":"Will Disney Stock Split This Year?","url":"https://stock-news.laohu8.com/highlight/detail?id=1186919064","media":"seekingalpha","summary":"Disney's stock split history is reviewed for the possibility of a repeat this year.Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.The Walt Disney Company could consider another stock split to \"get more people in the stock.\". Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company  has had nine stock splits, three betwee","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney's stock split history is reviewed for the possibility of a repeat this year.</li>\n <li>Its financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.</li>\n <li>If the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.</li>\n <li>The Walt Disney Company could consider another stock split to \"get more people in the stock.\"</li>\n</ul>\n<p><b>Has Disney Stock Ever Split?</b></p>\n<p>Readers may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.</p>\n<p><img src=\"https://static.tigerbbs.com/fd38f0d03c0480c1f6728aa9e8dd5cfb\" tg-width=\"640\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p>\n<p>On the other hand,<i>Stock Split History</i>and<i>Yahoo Finance</i>both reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.</p>\n<p><img src=\"https://static.tigerbbs.com/98283a2c39510a381b9f91cdc416f6f8\" tg-width=\"274\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source:StockSplitHistory.com</i></p>\n<p>As with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.</p>\n<p><img src=\"https://static.tigerbbs.com/a398b378fd1cb185e5fe95cbaf2513d7\" tg-width=\"640\" tg-height=\"232\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: The Walt Disney Company</i></p>\n<p><b>Is Disney Stock Going To Split Again?</b></p>\n<p>Tesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p>Nvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"</p>\n<p>The share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?</p>\n<p>Well, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.</p>\n<p>Disney's Valuation And Prospects Support A Stock Split</p>\n<p>The Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.</p>\n<p>The challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.</p>\n<p>The management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/cbd5da32f627c04144c275782ef135e7\" tg-width=\"640\" tg-height=\"432\" referrerpolicy=\"no-referrer\"></p>\n<p>Although Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/7ff01b9033cebf8c5e4fb15976c0d266\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>Looking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.</p>\n<p><img src=\"https://static.tigerbbs.com/c53bbfa821e92f67b05ae6c4a418bad0\" tg-width=\"640\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p>However, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.</p>\n<p><img src=\"https://static.tigerbbs.com/86b599e7a38c7af0abe617f3e95e54a5\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Bob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"</p>\n<p>Chapek also revealed what the board is considering:</p>\n<blockquote>\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n</blockquote>\n<p>For now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.</p>\n<p><img src=\"https://static.tigerbbs.com/501540384c7735541ed0eeb33116a073\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"></p>\n<p>Nevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/f33bdfa14f2e1f94d872349194cef3d1\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"></p>\n<p><i>Source: Seeking Alpha Premium</i></p>\n<p><b>Additional Justifications For A DIS Stock Split</b></p>\n<p>Given that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.</p>\n<p>On the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.</p>\n<p>At the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".</p>\n<p>Given the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).</p>\n<p><img src=\"https://static.tigerbbs.com/efb4b1d5343c9d189af17f7d9d72de30\" tg-width=\"640\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>\n<p>Another oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.</p>\n<p>However, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.</p>\n<p>Whether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.</p>\n<p>At the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.</p>\n<p><img src=\"https://static.tigerbbs.com/eee7ab6b1236c4ed57d19afc78319174\" tg-width=\"640\" tg-height=\"247\"><i>Source: Yahoo Finance</i></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>Will Disney Stock Split This Year?</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\">\nWill Disney Stock Split This Year?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 17:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435877-will-disney-stock-split><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435877-will-disney-stock-split\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4435877-will-disney-stock-split","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1186919064","content_text":"Summary\n\nDisney's stock split history is reviewed for the possibility of a repeat this year.\nIts financials and cash flows are negatively impacted by the pandemic but analysts are projecting a strong recovery in the next few years.\nIf the consensus estimates come true, the share price of DIS has much room to head north in line with the EPS growth.\nThe Walt Disney Company could consider another stock split to \"get more people in the stock.\"\n\nHas Disney Stock Ever Split?\nReaders may come across different answers to the question in the header depending on the sources. According to YCharts, The Walt Disney Company (DIS) has had nine stock splits, three between 1985 and 2000, and six prior to 1980.\n\nOn the other hand,Stock Split HistoryandYahoo Financeboth reflect eight stock splits in Disney's history. However, the exercises in 1962 and 2007 seem more like bonus issues than stock splits. The first \"split\" for DIS stock was dated December 18, 1962. This was a 103 for 100 split, meaning that a shareholder with 100 shares of DIS pre-split will subsequently own 103 shares.\n\nSource:StockSplitHistory.com\nAs with all corporate matters, investors should refer to the official announcements to be sure. From Walt Disney's website under the Investor Relations section, the company provided a neat table under the Frequently Asked Questions [FAQs]. The table showed only seven past stock splits that happened between 1956 and 1998. This meant that DIS stock has not split for over two decades. Also, it shows that Walt Disney does not consider the 103 shares for 100 shares and 1,014 shares for 1,000 shares as stock splits.\n\nSource: The Walt Disney Company\nIs Disney Stock Going To Split Again?\nTesla (TSLA) and Nvidia (NVDA) were among the prominent few companies that underwent stock splits recently. When Tesla announced itsfirst-ever stock spliton August 11 last year, the stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\nNvidia announced in May that its decision to do afour-for-one stock splitwas approved by the board. Its shares were trading above $500 before the announcement and are priced around $750 currently. Nvidia justified the proposed stock split as enabling its shares to become \"more accessible to investors and employees.\"\nThe share price of Disney is currently around $172. It hit a high of $203.02 on March 8, 2021. Even at the peak, the share price was a fraction of what TSLA and NVDA were trading at prior to their stock split announcements. As such, is there an impetus for Disney?\nWell, the last time Disney had a stock split was July 9, 1998, and the pre-split share price was only $111. Apart from one stock split in 1973, the last six stock splits were done when its share price was below $200. A quote often attributed to Mark Twain goes: \"History doesn't repeat itself, but it often rhymes.\" It is probably timely to consider Disney could conduct a fresh stock split as its stock heads back towards $200.\nDisney's Valuation And Prospects Support A Stock Split\nThe Walt Disney Company appeared to be heading for disaster when the COVID-19 pandemic struck last year. Its Disneyland theme parks and hotels around the world had to be shut for extended periods. Its cruise line and retail stores had to close for business as well. Its movies couldn't be shown as theaters were shut while film and TV productions had to be halted too.\nThe challenges that the House of the Mouse faced were unprecedented. In the second fiscal quarter of 2020, its adjusted EPS fell to $0.60 a share from $1.61 a year earlier primarily due to the suspended operations.\nThe management took proactive steps during the second quarter of 2020 to enhance Disney's liquidity position by issuing $6 billion of term debt. A week after the quarter ended, it issued another $925 million in term debt. In terms of net financial debt, however, Disney managed to hold steady and did not exceed the peak of above $50 billion following the addition of debt load to its balance sheet from the 21st Century Fox acquisition in 2019.\n\nAlthough Disney's debt level remains elevated at 28 percent, its debt-to-assets remained close to its five-year average at around 25 percent. It is also comparatively lower than its industry peers. ViacomCBS (VIAC)(VIACA) has a debt-to-assets of 32.5 percent while Comcast (CMCSA) has a debt-to-assets of 37.2 percent. Netflix (NFLX) doesn't own any attraction parks but it has the highest debt-to-assets of 38.8 percent.\n\nLooking at the debt-to-equity ratio, The Walt Disney Company is also the lowest among its peers. This suggests that Disney's capital structure could be conservative in its approach to debt relative to the industry.\n\nHowever, dividend investors may have been disappointed with the decision of Disney's Board to forego the payment of dividends last year. Its last payment of $0.88 per share was on January 16, 2020, for those who had the shares on the record date of December 16, 2019.\n\nBob Chapek, the Chief Executive Officer of Disney, said during the Credit Suisse 23rd Annual Communications Conference held on June 14 that the Board of Directors is prioritizing thefunding of its Direct-to-Consumer[DTC] business. He added that dividends will be \"a part of our long-term capital allocation strategy, for sure.\"\nChapek also revealed what the board is considering:\n\n \"...they'll take into account what they’ve taken into account in the past, which is, what's our strategic investment outlook, where our alternative uses of capital and what are those priorities? What our financial leverage look like coming out of COVID? What the operating environment look like in terms of the release of restrictions that we've got that might constrain our business going forward, or at least give us some time to actually ramp back up to full operating mode, if you will? And what's really just the overall recovery of our businesses across the entire enterprise?\"\n\nFor now, Disney's financials are constrained. Its free cash flow is at a depressed level historically, primarily due to the weak cash from operations which in turn is due to the low revenue. The cash from operations on a trailing-twelve-month basis is at a multi-year low of $4.3 billion. Its new star division, Disney+, is unable to singlehandedly lift the company from its pandemic-impacted operations.\n\nNevertheless, Wall Street analysts are not perturbed by the short-term difficulties faced by Disney. The consensus EPS estimate for the fiscal period ending September 2025 is $8.72, implying a sub-20 times forward P/E, a sharp drop from the one-year forward P/E of 72 times. It's thus likely that the share price would rise to bring the P/E ratio above the \"bargain\" sub-20 times level, increasing the justification for a stock split.\n\nSource: Seeking Alpha Premium\nAdditional Justifications For A DIS Stock Split\nGiven that one of the reasons for doing a stock split is to bring the share price much lower than the current level, double-digit pricing certainly fits the bill. A rhetorical repeat of a 3:1 stock split would bring the share price of Disney to around $57, making it look affordable psychologically, even though it is meaningless from the valuation angle.\nOn the other hand, it appears that Disney prefers the prestige of a larger share price, given that it has long resisted a stock split (the last one being over 20 years ago). The management of Disney might regard DIS stock's elevated share price as a reflection of its achievements, especially considering the challenges during the pandemic. A stock split bringing the share price substantially lower has the reverse effect, making the company look less accomplished compared to, say, Amazon.com, Inc. (AMZN) with its quadruple-digit share price.\nAt the same time, while we recognize that calling a stock \"expensive\" based on the absolute price might sound silly, it is not uncommon to come across comments lamenting that tickers with share prices in the high triple-digits are \"expensive\" and those with single-digit share prices are \"bargains\".\nGiven the option of purchasing partial shares provided by certain brokerages, the impetus to do a split is further diminished. However, judging from the cryptocurrency market, the notion that the price levels do have an effect on investors' mentality shouldn't be dismissed. For instance, the much lower-priced Dogecoin (DOGE-USD) appears to be more favored whether by short-term traders or longer-term investors compared to Bitcoin (BTC-USD).\n\nAnother oft-mentioned reason that companies do stock split is to improve their chances to enter the Dow Jones Industrial Average, one of the oldest and the most commonly followed equity indices. This is because the Dow is a price-weighted measurement stock market index and a high-priced component would skew the index.\nHowever, The Walt Disney Company is already a Dow component since May 6, 1991. Hence, this would not be a motivation. Nevertheless, those who trade options may welcome a stock split as it makes the option contracts more affordable.\nWhether a DIS stock split would happen this year is another big question. Fundamentally as I discussed earlier, it's a matter of time investors regain confidence in Disney's growth potential. Chart-wise, however, doesn't look good for Disney stock. Its gap in December last year has yet to be filled.\nAt the same time, there appears to be a tail-end formation of a head-and-shoulder pattern, a bearish sign. Investors may wish to consider the mentioned factors instead of just looking at a potential jump should Disney announce a stock split.\nSource: Yahoo Finance","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167179446,"gmtCreate":1624255212285,"gmtModify":1703831709430,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167179446","repostId":"2145835050","repostType":4,"repost":{"id":"2145835050","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":1624252213,"share":"https://ttm.financial/m/news/2145835050?lang=&edition=fundamental","pubTime":"2021-06-21 13:10","market":"us","language":"en","title":"Thousands of Commonwealth Edison customers without power as severe storms hit Chicago","url":"https://stock-news.laohu8.com/highlight/detail?id=2145835050","media":"Reuters","summary":"June 21 (Reuters) - Chicago-area utility Commonwealth Edison's (ComEd) website showed that over 34,0","content":"<p>June 21 (Reuters) - Chicago-area utility Commonwealth Edison's (ComEd) website showed that over 34,000 customers were without power as severe thunderstorms tore through the area on Sunday night.</p>\n<p>The website of ComEd, a unit of Exelon Corp , showed more than 14,000 customers were without power in the DuPage County alone in Illinois while over 13,000 customers were in the dark in the Cook County.</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>Thousands of Commonwealth Edison customers without power as severe storms hit Chicago</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\">\nThousands of Commonwealth Edison customers without power as severe storms hit Chicago\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-21 13:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>June 21 (Reuters) - Chicago-area utility Commonwealth Edison's (ComEd) website showed that over 34,000 customers were without power as severe thunderstorms tore through the area on Sunday night.</p>\n<p>The website of ComEd, a unit of Exelon Corp , showed more than 14,000 customers were without power in the DuPage County alone in Illinois while over 13,000 customers were in the dark in the Cook County.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CQXL":"Commonwealth Edison Co."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145835050","content_text":"June 21 (Reuters) - Chicago-area utility Commonwealth Edison's (ComEd) website showed that over 34,000 customers were without power as severe thunderstorms tore through the area on Sunday night.\nThe website of ComEd, a unit of Exelon Corp , showed more than 14,000 customers were without power in the DuPage County alone in Illinois while over 13,000 customers were in the dark in the Cook County.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167179121,"gmtCreate":1624255197663,"gmtModify":1703831708282,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167179121","repostId":"1125265238","repostType":4,"repost":{"id":"1125265238","pubTimestamp":1624253757,"share":"https://ttm.financial/m/news/1125265238?lang=&edition=fundamental","pubTime":"2021-06-21 13:35","market":"other","language":"en","title":"Japanese Stocks Slump as Hawkish Fed Damps Cyclical Appeal","url":"https://stock-news.laohu8.com/highlight/detail?id=1125265238","media":"Bloomberg","summary":"Japanese stocks were on track for their worst decline in almost four months, extending losses from l","content":"<p>Japanese stocks were on track for their worst decline in almost four months, extending losses from late last week as hawkish comments from the U.S. Federal Reserve crushed the reflation trade that had driven the market earlier this year.</p>\n<p>Uniqlo operator Fast Retailing Co. and chip-equipment maker Tokyo Electron Ltd. were the largest contributors to a loss in the Nikkei 225 Stock Average, which tumbled as much as 4% in its fourth day of declines. Electronics and chemicals makers were the biggest drags on the broader Topix, which was down 2.8% as of 12:25 p.m. local time, with all of its 33 industry groups in the red.</p>\n<p><img src=\"https://static.tigerbbs.com/3f551a5be146d0951b1819a52f665862\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>U.S. stocks and long-term Treasury yields dropped Friday on the prospect of a less accommodative U.S. monetary policy. Inflation risks may warrant the start of interest rate hikes next year, St. Louis Fed President James Bullardsaidin an interview on CNBC. That pointed to the possibility of an even earlier liftoff than indicated in the central bank’s comments days before.</p>\n<p>“Yields are falling in a risk-off environment, so of course, cyclical and value stocks will be sold,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo. “If monetary tightening takes place earlier than expected, it may be bad for the business cycle in the long term, while lowering expectations over inflation.”</p>\n<p><img src=\"https://static.tigerbbs.com/2742355d92ad7069cb9aa2d9ff085ab9\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The Nikkei 225 surged 82% from its pandemic-selloff low to a 30-year high in February, as investors rushed into cyclical-heavy Japanese stocks amid expectations for economic reopenings. The blue-chip gauge has shed more than 8% since that peak amid concerns including the nation’s late vaccination drive and murky prospects for the Tokyo Olympics this summer.</p>\n<p>“Given the Japanese markets had been lacking a domestic catalyst and been hostage to global markets, it’s no surprise to see investors taking profits or cutting losses,” said Takeo Kamai, the head of execution services at CLSA Securities Japan Co. “However, given the Nikkei was still at amulti-year high and valuations weren’t necessarily cheap, this correction may be healthy.”</p>\n<p>Tokyo Electron has been the biggest driver of gains in the Nikkei this year amid benefits from ongoing tight semiconductor supply conditions. With the nation’s pace of vaccines finally shifting into high gear and plans for the Olympics pressing forward, investors have recently been shifting into reopening plays such as railway and retail stocks.</p>\n<p>Given the size of the declines Monday, the market will be watching in the afternoon for any possible action by the Bank of Japan to support the market. The BOJ had helped power Japanese stocks with purchases of exchange traded funds butdidn’t buy anyin May, its first full-month absence from the market since the program started in 2013.</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>Japanese Stocks Slump as Hawkish Fed Damps Cyclical Appeal</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\">\nJapanese Stocks Slump as Hawkish Fed Damps Cyclical Appeal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/japan-s-nikkei-225-slides-3-on-concern-over-interest-rates><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Japanese stocks were on track for their worst decline in almost four months, extending losses from late last week as hawkish comments from the U.S. Federal Reserve crushed the reflation trade that had...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/japan-s-nikkei-225-slides-3-on-concern-over-interest-rates\">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.bloomberg.com/news/articles/2021-06-21/japan-s-nikkei-225-slides-3-on-concern-over-interest-rates","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1125265238","content_text":"Japanese stocks were on track for their worst decline in almost four months, extending losses from late last week as hawkish comments from the U.S. Federal Reserve crushed the reflation trade that had driven the market earlier this year.\nUniqlo operator Fast Retailing Co. and chip-equipment maker Tokyo Electron Ltd. were the largest contributors to a loss in the Nikkei 225 Stock Average, which tumbled as much as 4% in its fourth day of declines. Electronics and chemicals makers were the biggest drags on the broader Topix, which was down 2.8% as of 12:25 p.m. local time, with all of its 33 industry groups in the red.\n\nU.S. stocks and long-term Treasury yields dropped Friday on the prospect of a less accommodative U.S. monetary policy. Inflation risks may warrant the start of interest rate hikes next year, St. Louis Fed President James Bullardsaidin an interview on CNBC. That pointed to the possibility of an even earlier liftoff than indicated in the central bank’s comments days before.\n“Yields are falling in a risk-off environment, so of course, cyclical and value stocks will be sold,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo. “If monetary tightening takes place earlier than expected, it may be bad for the business cycle in the long term, while lowering expectations over inflation.”\n\nThe Nikkei 225 surged 82% from its pandemic-selloff low to a 30-year high in February, as investors rushed into cyclical-heavy Japanese stocks amid expectations for economic reopenings. The blue-chip gauge has shed more than 8% since that peak amid concerns including the nation’s late vaccination drive and murky prospects for the Tokyo Olympics this summer.\n“Given the Japanese markets had been lacking a domestic catalyst and been hostage to global markets, it’s no surprise to see investors taking profits or cutting losses,” said Takeo Kamai, the head of execution services at CLSA Securities Japan Co. “However, given the Nikkei was still at amulti-year high and valuations weren’t necessarily cheap, this correction may be healthy.”\nTokyo Electron has been the biggest driver of gains in the Nikkei this year amid benefits from ongoing tight semiconductor supply conditions. With the nation’s pace of vaccines finally shifting into high gear and plans for the Olympics pressing forward, investors have recently been shifting into reopening plays such as railway and retail stocks.\nGiven the size of the declines Monday, the market will be watching in the afternoon for any possible action by the Bank of Japan to support the market. The BOJ had helped power Japanese stocks with purchases of exchange traded funds butdidn’t buy anyin May, its first full-month absence from the market since the program started in 2013.","news_type":1},"isVote":1,"tweetType":1,"viewCount":36,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167147295,"gmtCreate":1624255112417,"gmtModify":1703831705829,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167147295","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</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>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克","DRI":"达登饭店","FDX":"联邦快递","JNJ":"强生"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126454352,"gmtCreate":1624582664776,"gmtModify":1703840860543,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/126454352","repostId":"1159660883","repostType":4,"repost":{"id":"1159660883","pubTimestamp":1624549526,"share":"https://ttm.financial/m/news/1159660883?lang=&edition=fundamental","pubTime":"2021-06-24 23:45","market":"us","language":"en","title":"Confluent IPO: Everything you need to know about Confluent","url":"https://stock-news.laohu8.com/highlight/detail?id=1159660883","media":"cityindex","summary":"(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of mi","content":"<p><i><b>(Update: June 24, 2021 at 00:24 p.m. ET)</b></i><img src=\"https://static.tigerbbs.com/00157d15df44b21026df501534932496\" tg-width=\"1080\" tg-height=\"1868\" referrerpolicy=\"no-referrer\"></p>\n<p>Event-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the company's IPO, discover more about its background and plans.</p>\n<p><b>When was the Confluent IPO?</b></p>\n<p>Confluent's IPO date on Nasdaq was June 24.&nbsp;The company priced its shares at $36 to raise $828&nbsp;million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.</p>\n<p><b>What does Confluent do?</b></p>\n<p>Confluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.</p>\n<p>The company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.</p>\n<p>However, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.</p>\n<p>Confluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.</p>\n<p>As of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.</p>\n<p><b>What is Confluent’s competition?</b></p>\n<p>Confluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.</p>\n<p><b>How does Confluent make money?</b></p>\n<p>Confluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.</p>\n<p><b>What is Confluent 's business strategy?</b></p>\n<p>Confluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.</p>\n<p>June 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.</p>\n<p>The company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.</p>\n<p>Additionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.</p>\n<p>Finally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.</p>\n<p><b>Is Confluent profitable?</b></p>\n<p>Confluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.</p>\n<p>As with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.</p>\n<p><b>How much is Confluent worth?</b></p>\n<p>The 2021 Confluent IPO could see a valuation of around $9 billion.</p>\n<p>Prior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.</p>\n<p><b>Who owns Confluent?</b></p>\n<p>Confluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.</p>\n<p><b>Who are the directors of Confluent?</b></p>\n<p>Confluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.</p>\n<table>\n <tbody>\n  <tr>\n   <td><p><b>Position</b></p></td>\n   <td><p><b>Name</b></p></td>\n  </tr>\n  <tr>\n   <td><p>Founder and CEO</p></td>\n   <td><p>Jay Kreps</p></td>\n  </tr>\n  <tr>\n   <td><p>Co-founder</p></td>\n   <td><p>Jun Rao</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Financial Officer</p></td>\n   <td><p>Steffan Tomlinson</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Marketing Officer</p></td>\n   <td><p>Stephanie Buscemi</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Product and Engineering Officer</p></td>\n   <td><p>Ganesh Srinivasan</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief People Officer</p></td>\n   <td><p>Cheryl Dalrymple</p></td>\n  </tr>\n  <tr>\n   <td><p>Chief Customer Officer</p></td>\n   <td><p>Roger Scott</p></td>\n  </tr>\n </tbody>\n</table>\n<p><b>Related:&nbsp;</b><a href=\"https://laohu8.com/NW/1169202537\" target=\"_blank\"><b>Confluent Prepares For $713 Million IPO</b></a></p>","source":"lsy1624549625256","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>Confluent IPO: Everything you need to know about Confluent</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\">\nConfluent IPO: Everything you need to know about Confluent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/><strong>cityindex</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the ...</p>\n\n<a href=\"https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CFLT":"Confluent, Inc."},"source_url":"https://www.cityindex.co.uk/market-analysis/confluent-ipo-everything-you-need-to-know-about-confluent/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159660883","content_text":"(Update: June 24, 2021 at 00:24 p.m. ET)\nEvent-streaming business Confluent has raised hundred of millions in recent years to fund its march to revolutionise companies’ data usage. Following the company's IPO, discover more about its background and plans.\nWhen was the Confluent IPO?\nConfluent's IPO date on Nasdaq was June 24. The company priced its shares at $36 to raise $828 million through an offering of 23 million shares, under the ticker CFLT. This was above the expected range of between $29 and $33, and the company may be set for a valuation of more than $9 billion.\nWhat does Confluent do?\nConfluent is a Silicon Valley-based tech company that enables enterprises to access and interpret fluid data in the form of real-time streams, in order to better manage their operations. Information is derived from sensors placed in areas such as manufacturing floors and retail stores, which are used to monitor everything from inventory levels to stock capacity. Then, the information is transferred to a data lake for analysis.\nThe company was founded in 2014 by LinkedIn engineers Jay Kreps, Jun Rao and Neha Narkhede, who created Apache Kafka, the open source ‘distributed storage system’ on which Confluent is based. With a $500,000 backing from LinkedIn, the trio rolled out the software platform for early use cases at the professional network, handling data streams with billions of messages.\nHowever, the ambition was bigger, and the same year the founders secured a $6.9 million round of funding led by venture capital firm Benchmark. The company quickly secured the custom of a range of tech luminaries, from Twitter to Netflix to Uber, which used the service for such functions as real-time analytics and fraud prevention.\nConfluent would go on to raise a further four rounds to the present day, totalling some $456 billion, according to Crunchbase.\nAs of most recent 2020 figures, the company’s revenues are in excess of $300 million, with revenue in the first quarter of 2021 jumping 51% from the year previous. The company has around 1,500 employees.\nWhat is Confluent’s competition?\nConfluent’s competition comes from the likes of Amazon Web Services, Apache Software Foundation, Cloudera and Microsoft. While the company has partnerships with some of the tech giants (see below) it is also faced with the prospect of competing against many of them. However, the edge may be in Kreps’ assertion that the Apache Kafka system is faster than traditional messaging systems, and hence more suited to large volume data streams.\nHow does Confluent make money?\nConfluent makes money through subscriptions of its products Confluent Cloud, a fully-managed cloud-based software as a service offering, as well as its Confluent Platform, its self-managed multicloud software product. It also sells support licenses for its open-source software, as well as proprietary software, freemium services and other miscellaneous licenses.\nWhat is Confluent 's business strategy?\nConfluent’s business strategy is based on the concept of combining on-premises services with managed services, as mentioned above. However, the company reportedly sees the coronavirus pandemic, which resulted in customers needing to advance their digital capabilities on less budget, as accelerating a shift to managed services.\nJune 2020 saw the company hire new CFO Steffan Tomlinson, former CFO of Google’s cloud division and armed with a demonstrable track record in IPOs, indicating the company’s appetite for flotation and accelerated growth.\nThe company has also initiated partnerships with giant tech incumbents to broaden its reach. In April 2019 it partnered with Google Cloud and integrated Confluent’s managed service with Google Cloud Platform.\nAdditionally, November 2020 saw the company announce plans for a partnership with IBM, where the computer manufacturer would be reselling Confluent Platform to its own users.\nFinally, in January 2021 Confluent unveiled a strategic alliance with Microsoft that would allow Confluent Cloud to be accessed as a fully managed service directly available on Microsoft Azure.\nIs Confluent profitable?\nConfluent is not currency profitable; it reportedly lost $229.8 million in 2020. That year, the company’s losses widened following a jump in operating expenses to $122.5 million, although this was caused mainly by equity compensation to investors.\nAs with all highly-capitalised businesses with a significant burn rate, investors will be watchful of the scale of losses and if Confluent’s margins look to trend in the right direction soon.\nHow much is Confluent worth?\nThe 2021 Confluent IPO could see a valuation of around $9 billion.\nPrior to that, the most recent valuation in April 2020, when it raised a $250 million series E round of funding, saw Confluent worth $4.5 billion, with a 2019 raise of $125 million equalling a $2.5 billion valuation.\nWho owns Confluent?\nConfluent is owned by a variety of shareholders, with Benchmark as the largest at 15.3% ownership of Confluent's common stock. Other stakes are held by the likes of Sequoia Capital (9.3%), Index Ventures (13%) and Jun Rao (10.6%). The percentage of the business retained by the founders is unclear.\nWho are the directors of Confluent?\nConfluent has a number of key personnel that have helped progress the company to its current multi-billion dollar valuation. Here are some of them, correct as of June 21 2021.\n\n\n\nPosition\nName\n\n\nFounder and CEO\nJay Kreps\n\n\nCo-founder\nJun Rao\n\n\nChief Financial Officer\nSteffan Tomlinson\n\n\nChief Marketing Officer\nStephanie Buscemi\n\n\nChief Product and Engineering Officer\nGanesh Srinivasan\n\n\nChief People Officer\nCheryl Dalrymple\n\n\nChief Customer Officer\nRoger Scott\n\n\n\nRelated: Confluent Prepares For $713 Million IPO","news_type":1},"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128268387,"gmtCreate":1624519152849,"gmtModify":1703839131375,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128268387","repostId":"1161172533","repostType":4,"repost":{"id":"1161172533","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624360705,"share":"https://ttm.financial/m/news/1161172533?lang=&edition=fundamental","pubTime":"2021-06-22 19:18","market":"us","language":"en","title":"GameStop completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket","url":"https://stock-news.laohu8.com/highlight/detail?id=1161172533","media":"Tiger Newspress","summary":"(June 15) GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuin","content":"<p>(June 15)&nbsp;GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. </p>\n<p>The stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&amp;P 500 SPX, +1.40% has gained 12.5% in the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/b4772ce5d4d1e2d998daa7d0cddf05c0\" tg-width=\"656\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></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>GameStop completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket</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 completes at-the-market equity offering after raising $1.126 billion, stock jumps 6.84% premarket\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-06-22 19:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(June 15)&nbsp;GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. </p>\n<p>The stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&amp;P 500 SPX, +1.40% has gained 12.5% in the same period.</p>\n<p><img src=\"https://static.tigerbbs.com/b4772ce5d4d1e2d998daa7d0cddf05c0\" tg-width=\"656\" tg-height=\"497\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161172533","content_text":"(June 15) GameStop Corp. said Tuesday it has completed an at-the-market equity offering after issuing 5 million shares to raise about $1.126 billion. The videogame retailer and leading meme stock said it will use the proceeds for the catch-all general corporate purposes and for growth initiatives, while maintaining a healthy balance sheet. \nThe stock jumped 6.84% premarket and has gained 964% in the year to date, spurred on by Reddit subgroup WallStreetBets, who are betting the company can restore its business under new leadership. The S&P 500 SPX, +1.40% has gained 12.5% in the same period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123412169,"gmtCreate":1624434232751,"gmtModify":1703836560596,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/603589\">$Anhui Kouzi Distillery Co.,Ltd.(603589)$</a>From the technical view, this counter will likely due to fall back","listText":"<a href=\"https://laohu8.com/S/603589\">$Anhui Kouzi Distillery Co.,Ltd.(603589)$</a>From the technical view, this counter will likely due to fall back","text":"$Anhui Kouzi Distillery Co.,Ltd.(603589)$From the technical view, this counter will likely due to fall back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123412169","isVote":1,"tweetType":1,"viewCount":403,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123490599,"gmtCreate":1624432735111,"gmtModify":1703836525429,"author":{"id":"3571518449006389","authorId":"3571518449006389","name":"Harris8900","avatar":"https://static.tigerbbs.com/f00399d9e93d534cdb326f5da8761db0","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571518449006389","authorIdStr":"3571518449006389"},"themes":[],"htmlText":"Well","listText":"Well","text":"Well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/123490599","repostId":"2145066030","repostType":4,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}