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2021-02-06

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Performance of funds invested in GameStop in past two weeks

2021-02-05

more sales is coming..

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2021-01-29

Gogo apple

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2021-01-28

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2021-01-25

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Apple, Tesla and Facebook ready to report record sales in busiest week of earnings

2021-01-23

Gogogo $50..

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2021-01-22

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Apple Could Show Dramatic Fall In iPhone 12 Margins

2021-01-22

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The Case for FuboTV and More on Stocks From Greenlight Capital

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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":1612519255,"share":"https://ttm.financial/m/news/1132260998?lang=&edition=fundamental","pubTime":"2021-02-05 18:00","market":"us","language":"en","title":"Performance of funds invested in GameStop in past two weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1132260998","media":"Reuters","summary":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top ga","content":"<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" 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>Performance of funds invested in GameStop in past two weeks</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\">\nPerformance of funds invested in GameStop in past two weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-05 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132260998","content_text":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.\nCrowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.\nThe Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.\nThe fund’s net assets rose 61% to $746.7 million in January, the data showed.\nShares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.\nGraphic: Mutual fund gainers in the past two weeks\n\nShares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.\nGraphic: Bottom performers in the past two weeks","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380090307,"gmtCreate":1612490318709,"gmtModify":1704871895673,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"more sales is coming..&nbsp;","listText":"more sales is coming..&nbsp;","text":"more sales is coming..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380090307","repostId":"2108719145","repostType":4,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316051694,"gmtCreate":1611906095718,"gmtModify":1704865504119,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Gogo apple&nbsp;","listText":"Gogo apple&nbsp;","text":"Gogo apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316051694","repostId":"1152120826","repostType":4,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311506143,"gmtCreate":1611807650682,"gmtModify":1704863748826,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311506143","repostId":"2106253074","repostType":4,"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319130343,"gmtCreate":1611546938782,"gmtModify":1704860612628,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319130343","repostId":"2105413598","repostType":4,"repost":{"id":"2105413598","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1611546550,"share":"https://ttm.financial/m/news/2105413598?lang=&edition=fundamental","pubTime":"2021-01-25 11:49","market":"hk","language":"en","title":"Apple, Tesla and Facebook ready to report record sales in busiest week of earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2105413598","media":"Dow Jones","summary":"Earnings Watch: Nearly a quarter of the S&P 500 scheduled to release results in the coming weekU.S. ","content":"<p>Earnings Watch: Nearly a quarter of the S&amp;P 500 scheduled to release results in the coming week</p><p>U.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.</p><p>Nearly a quarter of the S&amp;P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&amp;P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.</p><p>Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.</p><p>The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&amp;P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.</p><p>Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which will deliver results for the first time since it became a member of the S&amp;P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.</p><p>The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.</p><p>Full preview: Get ready for Apple's first $100 billion quarter in history</p><p>Facebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"</p><p>Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutiny</p><p>Tesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.</p><p>Full preview: Can Tesla's sales growth match stock's rise?</p><p>Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&amp;P 500 and 13 Dow Jones Industrial Average  components.</p><p>Boeing Co.'s <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.</p><p>Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.</p><p>The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.</p><p>Verizon Communications Inc. <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a> leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&amp;T Inc. <a href=\"https://laohu8.com/S/T\">$(T)$</a> Wednesday morning and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a> Thursday morning.</p><p>For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&amp;T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.</p><p>Full preview: AT&amp;T earnings to kick off a defining year for telecom giant</p><p>AT&amp;T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.</p><p>The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V), Mastercard Inc. <a href=\"https://laohu8.com/S/MA\">$(MA)$</a>, and American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. <a href=\"https://laohu8.com/S/AXP\">$(AXP)$</a>, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.</p><p>Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.</p><p>Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a> is poised to keep benefiting from Intel Corp.'s <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> stumbles, which analysts expect to last for some time .</p><p>\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.</p><p>Full preview: If Intel gets its act together, can AMD maintain swollen valuation?</p><p>Other chip makers reporting in the week ahead include Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> on Tuesday afternoon; Xilinx Inc. <a href=\"https://laohu8.com/S/XLNX\">$(XLNX)$</a> , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. <a href=\"https://laohu8.com/S/LRCX\">$(LRCX)$</a>; and Western Digital Corp. <a href=\"https://laohu8.com/S/WDC\">$(WDC)$</a> on Thursday afternoon.</p><p>Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>., Johnson &amp; Johnson <a href=\"https://laohu8.com/S/JNJ\">$(JNJ)$</a>, American Express, Verizon, and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, all of which report Tuesday.</p><p>\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson &amp; Johnson.</p><p>Cowen &amp; Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.</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>Apple, Tesla and Facebook ready to report record sales in busiest week of earnings</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\">\nApple, Tesla and Facebook ready to report record sales in busiest week of earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-01-25 11:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Earnings Watch: Nearly a quarter of the S&amp;P 500 scheduled to release results in the coming week</p><p>U.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.</p><p>Nearly a quarter of the S&amp;P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&amp;P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.</p><p>Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.</p><p>The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&amp;P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.</p><p>Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which will deliver results for the first time since it became a member of the S&amp;P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.</p><p>The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.</p><p>Full preview: Get ready for Apple's first $100 billion quarter in history</p><p>Facebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"</p><p>Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutiny</p><p>Tesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.</p><p>Full preview: Can Tesla's sales growth match stock's rise?</p><p>Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&amp;P 500 and 13 Dow Jones Industrial Average  components.</p><p>Boeing Co.'s <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.</p><p>Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.</p><p>The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.</p><p>Verizon Communications Inc. <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a> leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&amp;T Inc. <a href=\"https://laohu8.com/S/T\">$(T)$</a> Wednesday morning and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a> Thursday morning.</p><p>For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&amp;T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.</p><p>Full preview: AT&amp;T earnings to kick off a defining year for telecom giant</p><p>AT&amp;T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.</p><p>The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V), Mastercard Inc. <a href=\"https://laohu8.com/S/MA\">$(MA)$</a>, and American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. <a href=\"https://laohu8.com/S/AXP\">$(AXP)$</a>, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.</p><p>Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.</p><p>Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a> is poised to keep benefiting from Intel Corp.'s <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> stumbles, which analysts expect to last for some time .</p><p>\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.</p><p>Full preview: If Intel gets its act together, can AMD maintain swollen valuation?</p><p>Other chip makers reporting in the week ahead include Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> on Tuesday afternoon; Xilinx Inc. <a href=\"https://laohu8.com/S/XLNX\">$(XLNX)$</a> , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. <a href=\"https://laohu8.com/S/LRCX\">$(LRCX)$</a>; and Western Digital Corp. <a href=\"https://laohu8.com/S/WDC\">$(WDC)$</a> on Thursday afternoon.</p><p>Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>., Johnson &amp; Johnson <a href=\"https://laohu8.com/S/JNJ\">$(JNJ)$</a>, American Express, Verizon, and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, all of which report Tuesday.</p><p>\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson &amp; Johnson.</p><p>Cowen &amp; Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105413598","content_text":"Earnings Watch: Nearly a quarter of the S&P 500 scheduled to release results in the coming weekU.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.Nearly a quarter of the S&P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.Apple Inc. $(AAPL)$ and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. $(TSLA)$, which will deliver results for the first time since it became a member of the S&P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.Full preview: Get ready for Apple's first $100 billion quarter in historyFacebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutinyTesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.Full preview: Can Tesla's sales growth match stock's rise?Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&P 500 and 13 Dow Jones Industrial Average  components.Boeing Co.'s $(BA)$ journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.Verizon Communications Inc. $(VZ)$ leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&T Inc. $(T)$ Wednesday morning and Comcast Corp. $(CMCSA)$ Thursday morning.For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.Full preview: AT&T earnings to kick off a defining year for telecom giantAT&T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of Visa Inc. (V), Mastercard Inc. $(MA)$, and American Express Co. $(AXP)$, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.Advanced Micro Devices Inc. $(AMD)$ is poised to keep benefiting from Intel Corp.'s $(INTC)$ stumbles, which analysts expect to last for some time .\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.Full preview: If Intel gets its act together, can AMD maintain swollen valuation?Other chip makers reporting in the week ahead include Texas Instruments Inc. $(TXN)$ on Tuesday afternoon; Xilinx Inc. $(XLNX)$ , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. $(LRCX)$; and Western Digital Corp. $(WDC)$ on Thursday afternoon.Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co $(MMM)$., Johnson & Johnson $(JNJ)$, American Express, Verizon, and Microsoft Corp. $(MSFT)$, all of which report Tuesday.\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson & Johnson.Cowen & Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310780975,"gmtCreate":1611371844397,"gmtModify":1704860104623,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Gogogo $50..","listText":"Gogogo $50..","text":"Gogogo $50..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310780975","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310292060,"gmtCreate":1611328299750,"gmtModify":1704859671245,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310292060","repostId":"1106179554","repostType":4,"repost":{"id":"1106179554","pubTimestamp":1611309447,"share":"https://ttm.financial/m/news/1106179554?lang=&edition=fundamental","pubTime":"2021-01-22 17:57","market":"us","language":"en","title":"Apple Could Show Dramatic Fall In iPhone 12 Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=1106179554","media":"seekingalpha","summary":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature ","content":"<p><b>Summary</b></p>\n<ul>\n <li>The bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.</li>\n</ul>\n<ul>\n <li>Even if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.</li>\n</ul>\n<ul>\n <li>Apple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.</li>\n</ul>\n<ul>\n <li>A significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.</li>\n</ul>\n<p>Apple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.</p>\n<p>According to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.</p>\n<p><b>Importance of Bill of Materials</b></p>\n<p>The flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&amp;D expense and marketing costs that Apple has to bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5eb120e231572c55de63b9fd8f40ce5\" tg-width=\"822\" tg-height=\"404\"><span>Figure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research</span></p>\n<p>We can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.</p>\n<p><b>Impact on Margins</b></p>\n<p>Apple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.</p>\n<p>In addition to BoM, Apple’s R&amp;D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&amp;D compared to a decade back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95bcae5f57407febfd836a95f97026bd\" tg-width=\"1073\" tg-height=\"551\"><span>Figure 2: Apple's R&amp;D to Revenue expense has increased continuously over the past few years, squeezing the margins.</span></p>\n<p>This trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5600e70d2db88a215f8932bbbf00fb8\" tg-width=\"1077\" tg-height=\"551\"><span>Figure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.</span></p>\n<p>We can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.</p>\n<p>At the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.</p>\n<p>iPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.</p>\n<p>Apple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.</p>\n<p>With the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.</p>\n<p><b>Can We See a Correction in the Stock?</b></p>\n<p>This is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8fe5668a43f7874f4c2a823628a46bd\" tg-width=\"1077\" tg-height=\"559\"><span>Fig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.</span></p>\n<p>It is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.</p>\n<p>Given this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.</p>\n<p><b>Investor Takeaway</b></p>\n<p>The latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.</p>\n<p>Apple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.</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>Apple Could Show Dramatic Fall In iPhone 12 Margins</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\">\nApple Could Show Dramatic Fall In iPhone 12 Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 17:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall ...</p>\n\n<a href=\"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1106179554","content_text":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.\n\n\nApple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.\n\n\nA significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.\n\nApple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.\nAccording to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.\nImportance of Bill of Materials\nThe flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&D expense and marketing costs that Apple has to bear.\nFigure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research\nWe can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.\nImpact on Margins\nApple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.\nIn addition to BoM, Apple’s R&D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&D compared to a decade back.\nFigure 2: Apple's R&D to Revenue expense has increased continuously over the past few years, squeezing the margins.\nThis trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.\nFigure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.\nWe can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.\nAt the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.\niPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.\nApple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.\nWith the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.\nCan We See a Correction in the Stock?\nThis is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.\nFig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.\nIt is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.\nGiven this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.\nInvestor Takeaway\nThe latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.\nApple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310806579,"gmtCreate":1611298454291,"gmtModify":1704859384989,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/310806579","repostId":"1132082123","repostType":4,"repost":{"id":"1132082123","pubTimestamp":1611296018,"share":"https://ttm.financial/m/news/1132082123?lang=&edition=fundamental","pubTime":"2021-01-22 14:13","market":"us","language":"en","title":"The Case for FuboTV and More on Stocks From Greenlight Capital","url":"https://stock-news.laohu8.com/highlight/detail?id=1132082123","media":"Barrons","summary":"FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-I","content":"<p>FuboTV&nbsp;shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.</p><p>Shares (ticker: FUBO) were up nearly 18% on&nbsp;Thursday, as Greenlight explained in a letter to investors that the bear case for Fubo fails tounderstand the opportunity in the online sports-betting market. Fubo has the potential to not just allow viewers to bet on the outcome of a game, but also on individual plays.</p><p>“Watching sports goes from being a passive experience to a highly engaging, active one,” Greenlight said in its letter, which was seen by<i>Barron’s</i>. “Higher engagement leads to higher ad revenues and the ability to make other in-app sales to players.”</p><p>Greenlight owned shares and warrants at an effective price of $5 per apiece. The company went public in October and shares were trading at $28 by year-end.</p><p>The swift jump helped Greenlight’s performance in the fourth quarter, allowing the fund to gain 25%—its best quarterly performance. But for the full year, Greenlight gained 5.2%, lagging behind the 18.4% jump in theS&amp;P 500and marking another year of relative underperformance. The fundgained 13.8% in 2019, while the S&amp;P 500 popped 31.5%.</p><p>Greenlight has notably been bearish onTesla(TSLA) for years but was able to avoid major losses as theelectric-car maker’s stock soared in the back half of 2020.</p><p>Greenlight credited some of Tesla’s run-up to “value-indifferent investors.” The cohort includes index funds, which seek only to match the performance of a market benchmark, experienced investors that don’t use valuation in their analysis, and retail investors, who have been empowered by trading apps like Robinhood.</p><p>“Many in this group think an ‘expensive’ stock is one that trades at $100 a share and a ‘cheap’ stock is one that trades at $5 a share,” the letter said.</p><p>Nevertheless, Greenlight expects that 2021 will be good for value stocks. It said it is betting on “higher inflation, a strong housing market, and rising interest rates.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> The Case for FuboTV and More on Stocks From Greenlight Capital</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\">\n The Case for FuboTV and More on Stocks From Greenlight Capital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 14:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.Shares (ticker: FUBO) were up nearly 18% on Thursday, as ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132082123","content_text":"FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.Shares (ticker: FUBO) were up nearly 18% on Thursday, as Greenlight explained in a letter to investors that the bear case for Fubo fails tounderstand the opportunity in the online sports-betting market. Fubo has the potential to not just allow viewers to bet on the outcome of a game, but also on individual plays.“Watching sports goes from being a passive experience to a highly engaging, active one,” Greenlight said in its letter, which was seen byBarron’s. “Higher engagement leads to higher ad revenues and the ability to make other in-app sales to players.”Greenlight owned shares and warrants at an effective price of $5 per apiece. The company went public in October and shares were trading at $28 by year-end.The swift jump helped Greenlight’s performance in the fourth quarter, allowing the fund to gain 25%—its best quarterly performance. But for the full year, Greenlight gained 5.2%, lagging behind the 18.4% jump in theS&P 500and marking another year of relative underperformance. The fundgained 13.8% in 2019, while the S&P 500 popped 31.5%.Greenlight has notably been bearish onTesla(TSLA) for years but was able to avoid major losses as theelectric-car maker’s stock soared in the back half of 2020.Greenlight credited some of Tesla’s run-up to “value-indifferent investors.” The cohort includes index funds, which seek only to match the performance of a market benchmark, experienced investors that don’t use valuation in their analysis, and retail investors, who have been empowered by trading apps like Robinhood.“Many in this group think an ‘expensive’ stock is one that trades at $100 a share and a ‘cheap’ stock is one that trades at $5 a share,” the letter said.Nevertheless, Greenlight expects that 2021 will be good for value stocks. It said it is betting on “higher inflation, a strong housing market, and rising interest rates.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":380490852,"gmtCreate":1612570836776,"gmtModify":1704872949761,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380490852","repostId":"1132260998","repostType":4,"repost":{"id":"1132260998","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":1612519255,"share":"https://ttm.financial/m/news/1132260998?lang=&edition=fundamental","pubTime":"2021-02-05 18:00","market":"us","language":"en","title":"Performance of funds invested in GameStop in past two weeks","url":"https://stock-news.laohu8.com/highlight/detail?id=1132260998","media":"Reuters","summary":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top ga","content":"<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" 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>Performance of funds invested in GameStop in past two weeks</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\">\nPerformance of funds invested in GameStop in past two weeks\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-05 18:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.</p>\n<p>Crowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.</p>\n<p>The Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.</p>\n<p>The fund’s net assets rose 61% to $746.7 million in January, the data showed.</p>\n<p>Shares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.</p>\n<p>Graphic: Mutual fund gainers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/bdf861b5fe2dd34bcafbc688c67e9075\" tg-width=\"962\" tg-height=\"515\" referrerpolicy=\"no-referrer\"></p>\n<p>Shares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.</p>\n<p>Graphic: Bottom performers in the past two weeks</p>\n<p><img src=\"https://static.tigerbbs.com/ee25f46afa762db3e988a73a7147042d\" tg-width=\"940\" tg-height=\"492\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b72bab52a7d49e9d26088350ab4826c1","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132260998","content_text":"(Reuters) - The Morgan Stanley Institutional Small Co. Inception Portfolio fund was among the top gainers among mutual funds over the past two weeks having exposure to videogame retailer GameStop, data from Refinitiv Lipper showed.\nCrowds of retail punters sent shares in GameStop up by more than 2000% last month, causing some Wall Street hedge funds to lose billions of dollars on their short bets on the stock.\nThe Morgan Stanley fund, which had 346,943 shares of GameStop as per the latest filing, gained 23% in the last two weeks, according to the data, which was based on the last two weeks’ price performance.\nThe fund’s net assets rose 61% to $746.7 million in January, the data showed.\nShares of iShares Micro-Cap ETF and Cambria Shareholder Yield ETF also gained about 7% each in the past two weeks.\nGraphic: Mutual fund gainers in the past two weeks\n\nShares of GameStop have fallen more than 83.5% in the first four days of this month as the retail frenzy faded.\nGraphic: Bottom performers in the past two weeks","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380090307,"gmtCreate":1612490318709,"gmtModify":1704871895673,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"more sales is coming..&nbsp;","listText":"more sales is coming..&nbsp;","text":"more sales is coming..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380090307","repostId":"2108719145","repostType":4,"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310806579,"gmtCreate":1611298454291,"gmtModify":1704859384989,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Good article","listText":"Good article","text":"Good article","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/310806579","repostId":"1132082123","repostType":4,"repost":{"id":"1132082123","pubTimestamp":1611296018,"share":"https://ttm.financial/m/news/1132082123?lang=&edition=fundamental","pubTime":"2021-01-22 14:13","market":"us","language":"en","title":"The Case for FuboTV and More on Stocks From Greenlight Capital","url":"https://stock-news.laohu8.com/highlight/detail?id=1132082123","media":"Barrons","summary":"FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-I","content":"<p>FuboTV&nbsp;shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.</p><p>Shares (ticker: FUBO) were up nearly 18% on&nbsp;Thursday, as Greenlight explained in a letter to investors that the bear case for Fubo fails tounderstand the opportunity in the online sports-betting market. Fubo has the potential to not just allow viewers to bet on the outcome of a game, but also on individual plays.</p><p>“Watching sports goes from being a passive experience to a highly engaging, active one,” Greenlight said in its letter, which was seen by<i>Barron’s</i>. “Higher engagement leads to higher ad revenues and the ability to make other in-app sales to players.”</p><p>Greenlight owned shares and warrants at an effective price of $5 per apiece. The company went public in October and shares were trading at $28 by year-end.</p><p>The swift jump helped Greenlight’s performance in the fourth quarter, allowing the fund to gain 25%—its best quarterly performance. But for the full year, Greenlight gained 5.2%, lagging behind the 18.4% jump in theS&amp;P 500and marking another year of relative underperformance. The fundgained 13.8% in 2019, while the S&amp;P 500 popped 31.5%.</p><p>Greenlight has notably been bearish onTesla(TSLA) for years but was able to avoid major losses as theelectric-car maker’s stock soared in the back half of 2020.</p><p>Greenlight credited some of Tesla’s run-up to “value-indifferent investors.” The cohort includes index funds, which seek only to match the performance of a market benchmark, experienced investors that don’t use valuation in their analysis, and retail investors, who have been empowered by trading apps like Robinhood.</p><p>“Many in this group think an ‘expensive’ stock is one that trades at $100 a share and a ‘cheap’ stock is one that trades at $5 a share,” the letter said.</p><p>Nevertheless, Greenlight expects that 2021 will be good for value stocks. It said it is betting on “higher inflation, a strong housing market, and rising interest rates.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> The Case for FuboTV and More on Stocks From Greenlight Capital</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\">\n The Case for FuboTV and More on Stocks From Greenlight Capital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 14:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.Shares (ticker: FUBO) were up nearly 18% on Thursday, as ...</p>\n\n<a href=\"https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FUBO":"fuboTV Inc."},"source_url":"https://www.barrons.com/articles/the-bull-case-for-fubotv-from-david-einhorns-greenlight-capital-51611260541?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132082123","content_text":"FuboTV shares got a pop after David Einhorn’s Greenlight Capital revealed the hedge fund was a pre-IPO investor in the streaming provider.Shares (ticker: FUBO) were up nearly 18% on Thursday, as Greenlight explained in a letter to investors that the bear case for Fubo fails tounderstand the opportunity in the online sports-betting market. Fubo has the potential to not just allow viewers to bet on the outcome of a game, but also on individual plays.“Watching sports goes from being a passive experience to a highly engaging, active one,” Greenlight said in its letter, which was seen byBarron’s. “Higher engagement leads to higher ad revenues and the ability to make other in-app sales to players.”Greenlight owned shares and warrants at an effective price of $5 per apiece. The company went public in October and shares were trading at $28 by year-end.The swift jump helped Greenlight’s performance in the fourth quarter, allowing the fund to gain 25%—its best quarterly performance. But for the full year, Greenlight gained 5.2%, lagging behind the 18.4% jump in theS&P 500and marking another year of relative underperformance. The fundgained 13.8% in 2019, while the S&P 500 popped 31.5%.Greenlight has notably been bearish onTesla(TSLA) for years but was able to avoid major losses as theelectric-car maker’s stock soared in the back half of 2020.Greenlight credited some of Tesla’s run-up to “value-indifferent investors.” The cohort includes index funds, which seek only to match the performance of a market benchmark, experienced investors that don’t use valuation in their analysis, and retail investors, who have been empowered by trading apps like Robinhood.“Many in this group think an ‘expensive’ stock is one that trades at $100 a share and a ‘cheap’ stock is one that trades at $5 a share,” the letter said.Nevertheless, Greenlight expects that 2021 will be good for value stocks. It said it is betting on “higher inflation, a strong housing market, and rising interest rates.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":311506143,"gmtCreate":1611807650682,"gmtModify":1704863748826,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/311506143","repostId":"2106253074","repostType":4,"isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":316051694,"gmtCreate":1611906095718,"gmtModify":1704865504119,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Gogo apple&nbsp;","listText":"Gogo apple&nbsp;","text":"Gogo apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316051694","repostId":"1152120826","repostType":4,"repost":{"id":"1152120826","pubTimestamp":1611898550,"share":"https://ttm.financial/m/news/1152120826?lang=&edition=fundamental","pubTime":"2021-01-29 13:35","market":"us","language":"en","title":"Apple Vs Microsoft: Which Is A Better Tech Stock To Buy Right Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1152120826","media":"Nasdaq","summary":"Could The Big Tech Earnings Supercharge Your Portfolio?This has been a major week forBig Tech Stocks","content":"<p>Could The Big Tech Earnings Supercharge Your Portfolio?</p><p>This has been a major week forBig Tech Stocksreleasing their earnings. Yet, markets took a turn on Wednesday. Major stock indexes suffered their sharpest one-day losses since October. This came amid concerns about COVID-19 vaccine distribution. And at the same time, Wall Street is captivated by insane rallies from GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC).</p><p>Sponsored LinksVolatility means opportunity. Start trading today!IC Markets</p><p>When irrational market reactions happen, most of us can’t help but get distracted from the main events that are taking place in thestock market. Today, we are not going to talk about the brinkmanship between Wall Street andReddit investors. Rather, we are going to focus on the tech giants who have been competing neck-to-neck for the past 4 decades. Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) may not be competing on the same thing today. Still, the rivalry between thesetop tech stockscontinues. Apple remains a leader in the smartphone and wearables. Whereas, Microsoft has successfully transformed itself into a cloud company.</p><p>Now, Apple and Microsoft are two of the most valuable companies in the world. Choosing between these two giants probably is one difficult task to do. Of course, you don’t have to pick one between the two. But what if you do? Let’s take a look at their recent results.</p><p>Microsoft Hits $40 Billion In Quarterly Sales For First Time</p><p>Microsoft keeps going from strength to strength. Its latest quarterly report was a blast, to say the least. Revenue accelerated an impressive 17%, an exceptional rate for a company this size. That’s because it’s often assumed that a company will inevitably decelerate in growth as it becomes larger. However, Microsoft has proven that’s not always the case. In fact, it’s worth mentioning that the company’s net income rose by 33% year-over-year to $15.5 billion. If you look at the earnings alone, you would know that Microsoft’s quarter was strong across the board. With that all in mind, MSFT stock does seem like a solid investment.</p><p></p><p>Sure, Microsoft was growing at a healthy rate of 12%-14% for the past few years. Given its gigantic size, investors would love to know if the growth rate is sustainable, or even accelerating this rate. Among them, the highlight would be the revenue for its Intelligent Cloud, which hit $14.6 billion. That represents an increase of 23% from a year ago.</p><p>This is likely due to more people working from home, and companies transitioning to the cloud to accommodate remote working. Many are expecting the cloud segment to drive Microsoft’s overall growth rate in the future.</p>","source":"lsy1603171495471","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>Apple Vs Microsoft: Which Is A Better Tech Stock To Buy Right Now?</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\">\nApple Vs Microsoft: Which Is A Better Tech Stock To Buy Right Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-29 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.nasdaq.com/articles/apple-aapl-vs-microsoft-msft%3A-which-is-a-better-tech-stock-to-buy-right-now-2021-01-28><strong>Nasdaq</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Could The Big Tech Earnings Supercharge Your Portfolio?This has been a major week forBig Tech Stocksreleasing their earnings. Yet, markets took a turn on Wednesday. Major stock indexes suffered their ...</p>\n\n<a href=\"https://www.nasdaq.com/articles/apple-aapl-vs-microsoft-msft%3A-which-is-a-better-tech-stock-to-buy-right-now-2021-01-28\">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.nasdaq.com/articles/apple-aapl-vs-microsoft-msft%3A-which-is-a-better-tech-stock-to-buy-right-now-2021-01-28","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152120826","content_text":"Could The Big Tech Earnings Supercharge Your Portfolio?This has been a major week forBig Tech Stocksreleasing their earnings. Yet, markets took a turn on Wednesday. Major stock indexes suffered their sharpest one-day losses since October. This came amid concerns about COVID-19 vaccine distribution. And at the same time, Wall Street is captivated by insane rallies from GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC).Sponsored LinksVolatility means opportunity. Start trading today!IC MarketsWhen irrational market reactions happen, most of us can’t help but get distracted from the main events that are taking place in thestock market. Today, we are not going to talk about the brinkmanship between Wall Street andReddit investors. Rather, we are going to focus on the tech giants who have been competing neck-to-neck for the past 4 decades. Apple (NASDAQ: AAPL) and Microsoft (NASDAQ: MSFT) may not be competing on the same thing today. Still, the rivalry between thesetop tech stockscontinues. Apple remains a leader in the smartphone and wearables. Whereas, Microsoft has successfully transformed itself into a cloud company.Now, Apple and Microsoft are two of the most valuable companies in the world. Choosing between these two giants probably is one difficult task to do. Of course, you don’t have to pick one between the two. But what if you do? Let’s take a look at their recent results.Microsoft Hits $40 Billion In Quarterly Sales For First TimeMicrosoft keeps going from strength to strength. Its latest quarterly report was a blast, to say the least. Revenue accelerated an impressive 17%, an exceptional rate for a company this size. That’s because it’s often assumed that a company will inevitably decelerate in growth as it becomes larger. However, Microsoft has proven that’s not always the case. In fact, it’s worth mentioning that the company’s net income rose by 33% year-over-year to $15.5 billion. If you look at the earnings alone, you would know that Microsoft’s quarter was strong across the board. With that all in mind, MSFT stock does seem like a solid investment.Sure, Microsoft was growing at a healthy rate of 12%-14% for the past few years. Given its gigantic size, investors would love to know if the growth rate is sustainable, or even accelerating this rate. Among them, the highlight would be the revenue for its Intelligent Cloud, which hit $14.6 billion. That represents an increase of 23% from a year ago.This is likely due to more people working from home, and companies transitioning to the cloud to accommodate remote working. Many are expecting the cloud segment to drive Microsoft’s overall growth rate in the future.","news_type":1},"isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319130343,"gmtCreate":1611546938782,"gmtModify":1704860612628,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319130343","repostId":"2105413598","repostType":4,"repost":{"id":"2105413598","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1611546550,"share":"https://ttm.financial/m/news/2105413598?lang=&edition=fundamental","pubTime":"2021-01-25 11:49","market":"hk","language":"en","title":"Apple, Tesla and Facebook ready to report record sales in busiest week of earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2105413598","media":"Dow Jones","summary":"Earnings Watch: Nearly a quarter of the S&P 500 scheduled to release results in the coming weekU.S. ","content":"<p>Earnings Watch: Nearly a quarter of the S&amp;P 500 scheduled to release results in the coming week</p><p>U.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.</p><p>Nearly a quarter of the S&amp;P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&amp;P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.</p><p>Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.</p><p>The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&amp;P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.</p><p>Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which will deliver results for the first time since it became a member of the S&amp;P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.</p><p>The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.</p><p>Full preview: Get ready for Apple's first $100 billion quarter in history</p><p>Facebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"</p><p>Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutiny</p><p>Tesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.</p><p>Full preview: Can Tesla's sales growth match stock's rise?</p><p>Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&amp;P 500 and 13 Dow Jones Industrial Average  components.</p><p>Boeing Co.'s <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.</p><p>Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.</p><p>The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.</p><p>Verizon Communications Inc. <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a> leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&amp;T Inc. <a href=\"https://laohu8.com/S/T\">$(T)$</a> Wednesday morning and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a> Thursday morning.</p><p>For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&amp;T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.</p><p>Full preview: AT&amp;T earnings to kick off a defining year for telecom giant</p><p>AT&amp;T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.</p><p>The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V), Mastercard Inc. <a href=\"https://laohu8.com/S/MA\">$(MA)$</a>, and American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. <a href=\"https://laohu8.com/S/AXP\">$(AXP)$</a>, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.</p><p>Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.</p><p>Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a> is poised to keep benefiting from Intel Corp.'s <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> stumbles, which analysts expect to last for some time .</p><p>\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.</p><p>Full preview: If Intel gets its act together, can AMD maintain swollen valuation?</p><p>Other chip makers reporting in the week ahead include Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> on Tuesday afternoon; Xilinx Inc. <a href=\"https://laohu8.com/S/XLNX\">$(XLNX)$</a> , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. <a href=\"https://laohu8.com/S/LRCX\">$(LRCX)$</a>; and Western Digital Corp. <a href=\"https://laohu8.com/S/WDC\">$(WDC)$</a> on Thursday afternoon.</p><p>Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>., Johnson &amp; Johnson <a href=\"https://laohu8.com/S/JNJ\">$(JNJ)$</a>, American Express, Verizon, and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, all of which report Tuesday.</p><p>\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson &amp; Johnson.</p><p>Cowen &amp; Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.</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>Apple, Tesla and Facebook ready to report record sales in busiest week of earnings</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\">\nApple, Tesla and Facebook ready to report record sales in busiest week of earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-01-25 11:49</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Earnings Watch: Nearly a quarter of the S&amp;P 500 scheduled to release results in the coming week</p><p>U.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.</p><p>Nearly a quarter of the S&amp;P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&amp;P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.</p><p>Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.</p><p>The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&amp;P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.</p><p>Apple Inc. <a href=\"https://laohu8.com/S/AAPL\">$(AAPL)$</a> and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a>, which will deliver results for the first time since it became a member of the S&amp;P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.</p><p>The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.</p><p>Full preview: Get ready for Apple's first $100 billion quarter in history</p><p>Facebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"</p><p>Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutiny</p><p>Tesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.</p><p>Full preview: Can Tesla's sales growth match stock's rise?</p><p>Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&amp;P 500 and 13 Dow Jones Industrial Average  components.</p><p>Boeing Co.'s <a href=\"https://laohu8.com/S/BA\">$(BA)$</a> journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.</p><p>Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.</p><p>The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.</p><p>Verizon Communications Inc. <a href=\"https://laohu8.com/S/VZ\">$(VZ)$</a> leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&amp;T Inc. <a href=\"https://laohu8.com/S/T\">$(T)$</a> Wednesday morning and Comcast Corp. <a href=\"https://laohu8.com/S/CMCSA\">$(CMCSA)$</a> Thursday morning.</p><p>For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&amp;T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.</p><p>Full preview: AT&amp;T earnings to kick off a defining year for telecom giant</p><p>AT&amp;T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.</p><p>The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of <a href=\"https://laohu8.com/S/V\">Visa</a> Inc. (V), Mastercard Inc. <a href=\"https://laohu8.com/S/MA\">$(MA)$</a>, and American <a href=\"https://laohu8.com/S/EXPR\">Express</a> Co. <a href=\"https://laohu8.com/S/AXP\">$(AXP)$</a>, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.</p><p>Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.</p><p>Advanced Micro Devices Inc. <a href=\"https://laohu8.com/S/AMD\">$(AMD)$</a> is poised to keep benefiting from Intel Corp.'s <a href=\"https://laohu8.com/S/INTC\">$(INTC)$</a> stumbles, which analysts expect to last for some time .</p><p>\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.</p><p>Full preview: If Intel gets its act together, can AMD maintain swollen valuation?</p><p>Other chip makers reporting in the week ahead include Texas Instruments Inc. <a href=\"https://laohu8.com/S/TXN\">$(TXN)$</a> on Tuesday afternoon; Xilinx Inc. <a href=\"https://laohu8.com/S/XLNX\">$(XLNX)$</a> , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. <a href=\"https://laohu8.com/S/LRCX\">$(LRCX)$</a>; and Western Digital Corp. <a href=\"https://laohu8.com/S/WDC\">$(WDC)$</a> on Thursday afternoon.</p><p>Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co <a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>., Johnson &amp; Johnson <a href=\"https://laohu8.com/S/JNJ\">$(JNJ)$</a>, American Express, Verizon, and Microsoft Corp. <a href=\"https://laohu8.com/S/MSFT\">$(MSFT)$</a>, all of which report Tuesday.</p><p>\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson &amp; Johnson.</p><p>Cowen &amp; Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105413598","content_text":"Earnings Watch: Nearly a quarter of the S&P 500 scheduled to release results in the coming weekU.S. companies have barely managed to eke out positive earnings growth so far in this  quarterly results season, but the big test arrives in the week ahead.Nearly a quarter of the S&P 500  is set to report results, with those companies representing 39% of the index by market value, according to calculations based on FactSet data. Given that the S&P 500 is weighted by market capitalization, this roster of companies will have an outsize impact on the profit trajectory for the index.Earnings are expected to decline for the fourth consecutive quarter  once all results are in for the latest period, but those companies that have reported thus far have been beating expectations in aggregate.The FactSet consensus now models a 5% earnings decline for the index, compared with the 6.3% drop projected a week ago . If profit growth for the S&P 500 ultimately ends up positive, it would mark an end to the current earnings recession, which takes place when corporate profits drop for two or more consecutive quarters.Apple Inc. $(AAPL)$ and Facebook Inc. (FB) are among the highlights of next week's slate, along with Tesla Inc. $(TSLA)$, which will deliver results for the first time since it became a member of the S&P 500 . All three high-profile companies are scheduled to report Wednesday afternoon and expected to have produced record revenue in the holiday quarter.The holiday quarter is always crucial for Apple, which releases new iPhones in the fall. With a slightly later launch than usual this year due to the pandemic pushing sales into the period, Apple is widely expected to post its largest quarterly revenue total ever  throughout the COVID-19 crisis.Full preview: Get ready for Apple's first $100 billion quarter in historyFacebook is also expected to post what should easily be a record quarter given strong digital advertising trends during the holiday period. Still, the company will face questions about user engagement and a decision to ban Donald Trump from the platform indefinitely  over his role in inciting the violent riot at the U.S. Capitol. Bernstein analyst Mark Shmulik points to \"continued usage fatigue\" across social media as well as a \"conversation skewed towards unmonetizable political events.\"Full preview: Facebook earnings still flourishing amid pandemic, economic slowdown and antitrust scrutinyTesla already disclosed delivery numbers for the full year that came in ahead of analyst expectations . RBC Capital Markets analyst Joseph Spak anticipates a delivery forecast of 825,000 to 875,000 million units for the full year, even though Chief Executive Elon Musk said on Tesla's last earnings call that an analyst was \"not far off\" for expecting 840,000 to a million deliveries during 2021.Full preview: Can Tesla's sales growth match stock's rise?Here's what else to watch for in the week ahead, which brings reports from 117 members of the S&P 500 and 13 Dow Jones Industrial Average  components.Boeing Co.'s $(BA)$ journey remains turbulent even as the company's 737-MAX jets were recertified after being grounded for almost two years. Though the company began deliveries of these aircraft, \"the pace of delivering all 450 parked 737-MAX will be dictated by airline customers ability to absorb aircraft as well as air traffic demand,\" according to Benchmark Company analyst Josh Sullivan.Boeing's Wednesday morning report will offer perspective on the company's recovery expectations amid the pandemic, though Sullivan sees volatility ahead stemming from a recent equity offering and the impact of the COVID-19 crisis on airlines.The fourth-quarter reports from U.S. airlines have been bleak so far  offer more on Thursday morning.Verizon Communications Inc. $(VZ)$ leads off a busy week of telecommunications earnings Tuesday morning, followed by AT&T Inc. $(T)$ Wednesday morning and Comcast Corp. $(CMCSA)$ Thursday morning.For the wireless carriers, a key issue will be the impact of iPhone 12 promotions on recent results . Investors will also be looking for information about a recent wireless auction offering spectrum that will be crucial for 5G network deployments. Though the bids haven't been made public yet, the auction drove record spending and AT&T and Verizon are both expected to have paid up handsomely to assert their standing. The question for investors is what impact these bids will have on the companies' financial positioning.Full preview: AT&T earnings to kick off a defining year for telecom giantAT&T and Comcast have more media exposure than Verizon, and those two companies have been trying to contend with the new realities brought on by the pandemic. Both companies have made moves to emphasize streaming more with their film slates  given theater closures, and the financial implications of these moves will be worth watching.The evolving situation with the pandemic is reflected perhaps no more clearly than in the results of Visa Inc. (V), Mastercard Inc. $(MA)$, and American Express Co. $(AXP)$, which have a pulse on the global consumer spending landscape. The companies should provide insight on a travel recovery toward the end of the year, as well as the impact of recent lockdowns.Susquehanna analyst James Friedman wrote recently that his Mastercard revenue projection of $3.97 billion is slightly below the consensus view, though he also asked: \"does anyone really care about Q4 2020?\" Friedman is upbeat about mobile-payments and online-shopping dynamics that suggest \"positive trends ahead\" for Mastercard, which reports Thursday morning. Visa follows that afternoon, while American Express kicks of the week with its Tuesday morning report.Advanced Micro Devices Inc. $(AMD)$ is poised to keep benefiting from Intel Corp.'s $(INTC)$ stumbles, which analysts expect to last for some time .\"We have low confidence that Intel will be able to close that transistor gap quickly, and therefore expect it to continue to lose share for the foreseeable future,\" Jefferies analyst Mark Lipacis wrote after Intel's latest earnings report. AMD will show how that dynamic has played out on its side of the equation when it posts numbers Tuesday afternoon.Full preview: If Intel gets its act together, can AMD maintain swollen valuation?Other chip makers reporting in the week ahead include Texas Instruments Inc. $(TXN)$ on Tuesday afternoon; Xilinx Inc. $(XLNX)$ , which is in line to be acquired by AMD, on Wednesday afternoon report, when it will be joined by chip-equipment maker Lam Research Corp. $(LRCX)$; and Western Digital Corp. $(WDC)$ on Thursday afternoon.Among the 13 members of the Dow Jones Industrial Average  set to report this week are 3M Co $(MMM)$., Johnson & Johnson $(JNJ)$, American Express, Verizon, and Microsoft Corp. $(MSFT)$, all of which report Tuesday.\"Near term, we see the company's COVID-19 vaccine readout as a key upcoming catalyst and believe efficacy in the 80%+ range would suggest a clear role for the product in the market,\" J.P. Morgan analyst Chris Schott wrote of Johnson & Johnson.Cowen & Co. analyst J. Derrick Wood sees tough comparisons for Microsoft especially in its Azure and server businesses, though he expects a more favorable situation going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310780975,"gmtCreate":1611371844397,"gmtModify":1704860104623,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Gogogo $50..","listText":"Gogogo $50..","text":"Gogogo $50..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310780975","repostId":"2105593894","repostType":4,"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":310292060,"gmtCreate":1611328299750,"gmtModify":1704859671245,"author":{"id":"3571826601042609","authorId":"3571826601042609","name":"BINGGUI","avatar":"https://static.tigerbbs.com/ade5c21fecf97a4761964ed964759ee9","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571826601042609","authorIdStr":"3571826601042609"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/310292060","repostId":"1106179554","repostType":4,"repost":{"id":"1106179554","pubTimestamp":1611309447,"share":"https://ttm.financial/m/news/1106179554?lang=&edition=fundamental","pubTime":"2021-01-22 17:57","market":"us","language":"en","title":"Apple Could Show Dramatic Fall In iPhone 12 Margins","url":"https://stock-news.laohu8.com/highlight/detail?id=1106179554","media":"seekingalpha","summary":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature ","content":"<p><b>Summary</b></p>\n<ul>\n <li>The bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.</li>\n</ul>\n<ul>\n <li>Even if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.</li>\n</ul>\n<ul>\n <li>Apple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.</li>\n</ul>\n<ul>\n <li>A significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.</li>\n</ul>\n<p>Apple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.</p>\n<p>According to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.</p>\n<p><b>Importance of Bill of Materials</b></p>\n<p>The flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&amp;D expense and marketing costs that Apple has to bear.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5eb120e231572c55de63b9fd8f40ce5\" tg-width=\"822\" tg-height=\"404\"><span>Figure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research</span></p>\n<p>We can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.</p>\n<p><b>Impact on Margins</b></p>\n<p>Apple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.</p>\n<p>In addition to BoM, Apple’s R&amp;D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&amp;D compared to a decade back.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/95bcae5f57407febfd836a95f97026bd\" tg-width=\"1073\" tg-height=\"551\"><span>Figure 2: Apple's R&amp;D to Revenue expense has increased continuously over the past few years, squeezing the margins.</span></p>\n<p>This trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5600e70d2db88a215f8932bbbf00fb8\" tg-width=\"1077\" tg-height=\"551\"><span>Figure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.</span></p>\n<p>We can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.</p>\n<p>At the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.</p>\n<p>iPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.</p>\n<p>Apple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.</p>\n<p>With the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.</p>\n<p><b>Can We See a Correction in the Stock?</b></p>\n<p>This is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f8fe5668a43f7874f4c2a823628a46bd\" tg-width=\"1077\" tg-height=\"559\"><span>Fig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.</span></p>\n<p>It is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.</p>\n<p>Given this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.</p>\n<p><b>Investor Takeaway</b></p>\n<p>The latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.</p>\n<p>Apple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.</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>Apple Could Show Dramatic Fall In iPhone 12 Margins</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\">\nApple Could Show Dramatic Fall In iPhone 12 Margins\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 17:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall ...</p>\n\n<a href=\"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4400322-apple-show-dramatic-fall-in-iphone-12-margins","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1106179554","content_text":"Summary\n\nThe bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.\n\n\nEven if there is growth in unit iPhone sales within this cycle, the overall margins for the iPhone segment would be negatively impacted by higher bill of materials.\n\n\nApple needs to show its capacity for EPS growth in order to sustain the current bullish momentum in the stock.\n\n\nA significant drop in iPhones margin can bring down the overall operating margin and could also lead to a drop in EPS hurting the stock sentiment.\n\nApple(NASDAQ:AAPL)will face margin pressures due to the higher production cost of new iPhones. The iPhone bill of material or BoM has increased massively due to the 5G feature and better screens. This would end up hurting the margins. The buyback pacewill also fallas the company reaches a neutral cash position. Together, these two factors can negatively impact EPS in the next few quarters.\nAccording to Counterpoint Research,the bill of materialsfor iPhone 12 is 21% higher than iPhone 11. A shift from LCD to OLED ended by costing $23 more. 5G modem and RF system led to an increase in the cost by $34. Both these items are intrinsic to the iPhone 12’s attraction but the margins on iPhone 12 will be much lower than iPhone 11 due to these features. The iPhone segment still contributes over 50% of the revenue to Apple and a big drop in margins in this segment will have a negative impact on the overall margins and EPS over the next few quarters. Investors should closely look at the margin trajectory reported by the company over the next few quarters.\nImportance of Bill of Materials\nThe flagship iPhones are not only expensive to buy, but they are also expensive to build. The bill of materials for iPhones has always been quite high due to higher-end components. The BoM does not count the R&D expense and marketing costs that Apple has to bear.\nFigure 1: Features in iPhone 12 which led to cost increase and savings over iPhone 11. Source. Counterpoint Research\nWe can clearly see three big red bars in the above chart. They show the reasons for BoM increase in iPhone 12 compared to iPhone 11. The display system, RF components for 5G, and better A14 bionic chip led to a massive BoM increase in iPhone 12. After counting all the cost increases and savings, the BoM of the iPhone 12 increased by $72.5 according to this research note. This is a massive jump of 21% in BoM for iPhone 12 compared to iPhone 11.\nImpact on Margins\nApple has moved to a major revision once in three years. After iPhone X made a significant change in design in 2017, Apple was looking forward to a big change in 2020. This has been brought about by 5G features which are available on all flagship iPhones. However, this feature along with OLED screen has led to a big jump in BoM and the retail price increase has not kept up with the BoM growth. Compared to iPhone 11 which had a retail price of $699 with contract, iPhone 12 has a retail price of $799 with contract. This is a price growth of 14.2% which is lower than the growth in BoM.\nIn addition to BoM, Apple’s R&D expense has been increasing which is due to higher design costs for the latest chips. Theincreasing competition with other tech giantsis also forcing Apple to invest heavily in R&D compared to a decade back.\nFigure 2: Apple's R&D to Revenue expense has increased continuously over the past few years, squeezing the margins.\nThis trend will have a significant negative impact on the operating margin for Apple. The company’s operating margin has been declining for the past 20 quarters. With the recent jump in valuation multiple, a big drop in margins and EPS can bring about a correction in the stock.\nFigure 3: Price growth in Apple stock has mostly been on the back of higher PE valuation instead of fundamental metrics like EPS.\nWe can see in the above chart that Apple’s operating margin has been declining over the past three years. The growth in EPS has mostly been supported by a fall in outstanding shares due to massive buybacks. The net cash position of Apple is down to $79 billion. If the company continues to run a buyback program of $20 billion per quarter, the net cash position will fall rapidly in the near term.\nAt the same time, Apple’s PE ratio has increased by over 120% compared to three years ago. Currently, Apple’s PE ratio is over 40 which is the highest level it had been since the Great Recession.\niPhone 12 Pricing and Impact on Unit ShipmentsApple has increased the price of iPhone 12 to $799 with a contract. This is a 14.2% increase from iPhone 11 pricing. On the other hand, the BoM has increased by 21%. Apple has also increased its research expenses for building its own chips. Hence, we should ideally have seen a higher jump in retail price compared to BoM in order to maintain the margins. However, the inverse has happened where BoM has increased at a faster pace compared to the retail price. One of the reasons could be the more aggressive pricing by competitors like Google's Pixel.\nApple does not provide unit shipment figures and so we have to depend on third-party estimates.According to estimatesby Cinda Securities, the unit shipments for recent iPhones will be in the range of 230 million to 240 million. If this is true, it will be higher than iPhone 6 unit shipments of 222.4 million. According toanother model created by Cowen, iPhone shipments for 2020 stood at 193 million, down by 3% year-on-year while shipments for the calendar year 2021 will be 215 million.\nWith the latest pricing, Apple should certainly get a tailwind in terms of higher unit sales. However, the margins on each iPhone could dip significantly because of the rapid jump in BoM. Hence, even a 5-7% jump in unit shipments in 2021 will not be able to make up for the decline in margins due to higher BoM.\nCan We See a Correction in the Stock?\nThis is a trillion-dollar question in front of investors and Wall Street. Will Apple move to a market cap of $3 trillion as predicted byanalysts like Gene Munsteror will we see a correction to $1 trillion. Most of the price growth in Apple stock in 2020 was supported by a PE jump. This is unlike other tech majors like Amazon (AMZN) and Facebook (FB) who have shown a bull run in the stock price but have also delivered good growth in fundamental metrics of revenue and EPS.\nFig: Comparison of Price change, PE ratio, EPS, and revenue between Apple, Amazon, and Facebook in 2020. Apple's stock growth was supported by only a higher PE ratio while Amazon and FB reported trailing twelve-month EPS growth of 48% and 36% respectively.\nIt is highly unlikely that Apple’s current valuation will be supported even if the EPS starts to fall. We should also see the pandemic being brought under control in the next few months as vaccination levels increase. Apple will not be able to gain a big tailwind due to buybacks as it is nearing the neutral cash position and with the current market cap the buybacks will not have a significant impact on the outstanding shares.\nGiven this situation, the massive jump in iPhone BoM becomes very important. A significant negative dip in iPhone margins will pull down the overall margins and EPS for the company. This will certainly hurt the sentiments around Apple stock and make it difficult for the company to sustain the current valuation levels.\nInvestor Takeaway\nThe latest iPhone cycle has seen a big jump in the bill of materials. New features like 5G, better chips, and expensive screens have increased the BoM of iPhones by 21% compared to iPhone 11. This increase in bill of materials will be a major headwind for Apple’s margins in the next few quarters. Even if the company is able to improve its unit shipments and revenue, we could see a dip in margins and even EPS.\nApple stock is trading at over 40 times its PE ratio, which is the highest valuation multiple it has seen in over a decade. Any negative EPS or margin numbers could reduce the bullish sentiment towards the stock and push the stock into correction territory. Investors need to weigh this aspect carefully before jumping into the stock at the current valuation level.","news_type":1},"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}