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2023-11-15
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All Adult Singaporeans to Receive up to S$800 in Assurance Package Support in December
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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/241748233085120","repostId":"2383150000","repostType":4,"repost":{"id":"2383150000","pubTimestamp":1700038280,"share":"https://ttm.financial/m/news/2383150000?lang=&edition=fundamental","pubTime":"2023-11-15 16:51","market":"sg","language":"en","title":"All Adult Singaporeans to Receive up to S$800 in Assurance Package Support in December","url":"https://stock-news.laohu8.com/highlight/detail?id=2383150000","media":"CNA","summary":"Some Singaporeans will be able to receive their Assurance Package cash payments from as early as Dec 5. ","content":"<html><head></head><body><p style=\"text-align: start;\">SINGAPORE: All Singaporean adults will receive between S$200 (US$148) and S$800 in December this year under the Assurance Package, which aims to help with inflation and cost of living concerns. </p><p style=\"text-align: start;\">About 2.9 million will receive up to S$600 in Assurance Package Cash, said the Ministry of Finance (MOF) on Wednesday (Nov 15).</p><p>About 2.5 million will also receive up to S$200 in Assurance Package Cash Special Payment.</p><p style=\"text-align: start;\">All Singaporeans aged 21 and above in 2024 are eligible, regardless of the number of properties owned. </p><p style=\"text-align: start;\">The package was first announced at Budget 2020 to help offset additional goods and services tax (GST) expenses. Payouts are disbursed over five years, from 2022 to 2026.</p><p style=\"text-align: start;\">Deputy Prime Minister and Minister for Finance Lawrence Wong announced at Budget 2023 that the government would enhance the Assurance Package to account for higher inflation and provide additional one-off support to Singaporeans to address immediate cost of living concerns. </p><p style=\"text-align: start;\">"This enhancement ensures that the Assurance Package will continue to offset additional GST expenses for the majority of Singaporean households for at least five years, with around ten years offset for lower-income households," said MOF.</p><p>Mr Wong also announced in September an additional S$1.1 billion Cost-of-Living (COL) Support Package to provide more relief for Singaporean households.</p><p>The cost-of-living support package includes a S$0.8 billion enhancement to the Assurance Package, bringing the Assurance Package to over S$10 billion.</p><p>Besides the Assurance Package support in December, eligible Singaporeans will also receive further support in January and February 2024. </p><p>This comes in the form of U-Save rebates, Community Development Council (CDC) vouchers, service and conservancy charges (S&CC) rebates, an Assurance Package Seniors' Bonus and MediSave top-ups. </p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1320498019ae1258519c7a8a5f3534fd\" tg-width=\"1080\" tg-height=\"1350\"/></p><h2 id=\"id_2267055221\" style=\"text-align: start;\">MODES OF PAYMENT</h2><p style=\"text-align: start;\">Singaporeans can check their eligibility for both cash payments via the Assurance Package official website by logging in with their Singpass.</p><p style=\"text-align: start;\">The Assurance Package Cash and Cash Special Payment will be disbursed together in a lump sum, said MOF.</p><p style=\"text-align: start;\">The ministry added that it encourages Singaporeans to link their NRIC to PayNow by Nov 19. Those who do so can receive their cash payments as early as from Dec 5. </p><p style=\"text-align: start;\">Those without PayNow-NRIC linked bank accounts can update their bank account information at the Assurance Package website by Nov 27 to receive the payment from Dec 13. </p><p style=\"text-align: start;\">Citizens on GovCash, which has replaced cheques as a mode of payment, can withdraw their payment at OCBC ATMs islandwide. An OCBC bank account is not required for withdrawals.<br/></p></body></html>","source":"can_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>All Adult Singaporeans to Receive up to S$800 in Assurance Package Support in December</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\">\nAll Adult Singaporeans to Receive up to S$800 in Assurance Package Support in December\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-11-15 16:51 GMT+8 <a href=https://www.channelnewsasia.com/singapore/cash-payment-200-800-december-assurance-package-3921351><strong>CNA</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE: All Singaporean adults will receive between S$200 (US$148) and S$800 in December this year under the Assurance Package, which aims to help with inflation and cost of living concerns. About ...</p>\n\n<a href=\"https://www.channelnewsasia.com/singapore/cash-payment-200-800-december-assurance-package-3921351\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.channelnewsasia.com/singapore/cash-payment-200-800-december-assurance-package-3921351","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2383150000","content_text":"SINGAPORE: All Singaporean adults will receive between S$200 (US$148) and S$800 in December this year under the Assurance Package, which aims to help with inflation and cost of living concerns. About 2.9 million will receive up to S$600 in Assurance Package Cash, said the Ministry of Finance (MOF) on Wednesday (Nov 15).About 2.5 million will also receive up to S$200 in Assurance Package Cash Special Payment.All Singaporeans aged 21 and above in 2024 are eligible, regardless of the number of properties owned. The package was first announced at Budget 2020 to help offset additional goods and services tax (GST) expenses. Payouts are disbursed over five years, from 2022 to 2026.Deputy Prime Minister and Minister for Finance Lawrence Wong announced at Budget 2023 that the government would enhance the Assurance Package to account for higher inflation and provide additional one-off support to Singaporeans to address immediate cost of living concerns. \"This enhancement ensures that the Assurance Package will continue to offset additional GST expenses for the majority of Singaporean households for at least five years, with around ten years offset for lower-income households,\" said MOF.Mr Wong also announced in September an additional S$1.1 billion Cost-of-Living (COL) Support Package to provide more relief for Singaporean households.The cost-of-living support package includes a S$0.8 billion enhancement to the Assurance Package, bringing the Assurance Package to over S$10 billion.Besides the Assurance Package support in December, eligible Singaporeans will also receive further support in January and February 2024. This comes in the form of U-Save rebates, Community Development Council (CDC) vouchers, service and conservancy charges (S&CC) rebates, an Assurance Package Seniors' Bonus and MediSave top-ups. MODES OF PAYMENTSingaporeans can check their eligibility for both cash payments via the Assurance Package official website by logging in with their Singpass.The Assurance Package Cash and Cash Special Payment will be disbursed together in a lump sum, said MOF.The ministry added that it encourages Singaporeans to link their NRIC to PayNow by Nov 19. Those who do so can receive their cash payments as early as from Dec 5. Those without PayNow-NRIC linked bank accounts can update their bank account information at the Assurance Package website by Nov 27 to receive the payment from Dec 13. Citizens on GovCash, which has replaced cheques as a mode of payment, can withdraw their payment at OCBC ATMs islandwide. An OCBC bank account is not required for withdrawals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":220,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923777680,"gmtCreate":1670927716640,"gmtModify":1676538461096,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","listText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","text":"$LION-OCBC HSTECH ETF 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data-views=\"0\"></v-v>","text":"$NASDAQ(.IXIC)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985550931","isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9985961589,"gmtCreate":1667295327642,"gmtModify":1676537893282,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/02318\">$PING AN(02318)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/02318\">$PING AN(02318)$</a><v-v data-views=\"1\"></v-v>","text":"$PING AN(02318)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9985961589","isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9939295747,"gmtCreate":1662110618389,"gmtModify":1676537000081,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"need a break from the volatility and drama ","listText":"need a break from the volatility and drama ","text":"need a break from the volatility and drama","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9939295747","repostId":"1114052367","repostType":4,"repost":{"id":"1114052367","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1662260377,"share":"https://ttm.financial/m/news/1114052367?lang=&edition=fundamental","pubTime":"2022-09-04 10:59","market":"us","language":"en","title":"Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT","url":"https://stock-news.laohu8.com/highlight/detail?id=1114052367","media":"Tiger Newspress","summary":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 Se","content":"<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT</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\">\nReminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-04 10:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114052367","content_text":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.Happy investing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":100,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013623439,"gmtCreate":1648723216606,"gmtModify":1676534386129,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"it means 'jia you' to the market! Please continue to be bullish.","listText":"it means 'jia you' to the market! Please continue to be bullish.","text":"it means 'jia you' to the market! Please continue to be bullish.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013623439","repostId":"1134713764","repostType":4,"repost":{"id":"1134713764","pubTimestamp":1648713482,"share":"https://ttm.financial/m/news/1134713764?lang=&edition=fundamental","pubTime":"2022-03-31 15:58","market":"us","language":"en","title":"What a 180-Million-Barrel Oil Release May Mean for the Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1134713764","media":"Bloomberg","summary":"Biden team working on release to combat spiking gasoline priceOil prices dropped by around $5 a barr","content":"<html><head></head><body><ul><li>Biden team working on release to combat spiking gasoline price</li><li>Oil prices dropped by around $5 a barrel shortly after report</li></ul><p>Oil dropped by more than $5 a barrel in a matter of minutes after a report that the Biden administration is considering releasing about 1 million barrels a day from its strategic reserves for several months.</p><p>The overall release could be as much as 180 million barrels, according to people familiar with the plan, and an official announcement may come later Thursday. It would be significantly bigger than recent reserves sales by the U.S. and the country may be joined by allies as part of an effort coordinated by the International Energy Agency.</p><p>Here’s what some top analysts have to say about the impact:</p><p><b>Goldman Sachs Group Inc.</b></p><p>A potential release of crude from the Strategic Petroleum Reserve would help the market to re-balance this year, but it won’t solve a structural deficit for oil, analysts including Damien Courvalin said in a note. A release would reduce the amount of necessary price-induced demand destruction, but it’s not a persistent source of supply for coming years.</p><p><b>Oanda</b></p><p>The release would help cap oil prices in the short-term, but it’s unlikely to make up for the losses of Russian oil exports, said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. In the longer run, it means that the U.S. SPR will be substantially reduced when demand typically climbs over the U.S. summer driving season, a potential upside for oil prices.</p><p><b>ClearView Energy Partners LLC</b></p><p>“It is hard to overstate the scale of this intervention, if it bears out,” Managing Director Kevin Book said in a research note. It would be the largest drawdown volume announced in the 45-year history of the SPR, and would follow the second biggest, the 50 million barrel combined sale and exchange in November. As global consumption may outstrip supply by 800,000 barrels a day in the second quarter, the release of 1 million barrels a day from the SPR could bring supply and demand roughly into balance absent further disruptions. That, however, would do little to rebuild lean global inventories.</p><p><b>RBC Capital Markets</b></p><p>Given the Biden administration is taking a very muscular stance toward Moscow, the SPR release is being used as a tool to blunt the impact for U.S. consumers, RBC Capital Markets said. Losses of Russian crude are likely to be enduring as the country will likely remain the most sanctioned nation on earth for the foreseeable future. It will be important to see whether this announcement will be an effective shock-and-awe tactic given that Russian energy losses are likely to climb as the campaign intensifies and the humanitarian crisis in Europe grows more dire, it said in a note.</p><p><b>S&P Global</b></p><p>The move is likely to be insignificant, with the key focus still being Russian exports, said Victor Shum, vice president of consulting at S&P Global. A wide range of outcomes are possible on Russian crude, with up to 7.5 million barrels a day of exports at stake. Any loss of Russian shipments could be replaced through higher output from Saudi Arabia and the United Arab Emirates and release of government-controlled reserves, at least for several months. Should Russian exports fall 3 million barrels a day from pre-invasion levels from April to December, that would be 825 million barrels, well above the 575 million barrels currently held in the already-shrinking U.S. SPR, he said.</p><p><b>DBS Bank</b></p><p>Previous release announcements have done little to assuage the market but the size of the latest potential move could have a more lasting impact on prices, said Suvro Sarkar, an energy analyst at DBS Bank Ltd. in Singapore. The actual impact on the market will depend on how the release happens -- whether it’s via direct sales or replacement. The U.S. currently holds about 570 million barrels in the reserves -- the lowest since 2002 -- and a 180 million barrel release without replacement would imply a more than 30% decrease. While the news could lower prices in the short term, it could lead to increased U.S. demand in the longer term to refill the reserves, he said.</p><p><b>ING Groep</b></p><p>The release would be the largest ever if it all comes from the U.S., and that would help to ease some of the supply tightness, said Warren Patterson, Singapore-based head of commodities strategy at ING Groep NV. While it would take the volume of the nation’s Strategic Petroleum Reserves to the lowest levels since the 1980s, the U.S. will likely push for a coordinated release so that the move will have a more meaningful impact on the market, he said.</p><p><b>Vanda Insights</b></p><p>A constant stream of incremental supply is what the market really needs to cool down prices, according to Vandana Hari, founder of Vanda Insights in Singapore. It’s also important that the U.S. is a producer that’s capable of taking action as the country has enough surplus SPR and has the infrastructure in place to get the 1 million barrels a day of oil to the refiners in fairly short order, she said.</p><p><b>SPI Asset Management</b></p><p>The release is a possible game-changer, and it offsets the loss of Russian supply for U.S. refiners, said Stephen Innes, managing partner at SPI Asset Management. It still needs to be seen whether the move will be enough to stem the tide of rising prices, or change the perception that reserves releases are little more than band-aids, he said. This unexpected supply boost may temper bullish views for a little bit until more details emerge, Innes said.</p><p><b>ANZ Group</b></p><p>Oil prices reacted quickly to the news, but there’s unlikely to be a major short-term impact on physical markets as the volumes are still relatively small compared with the losses due to the war in Europe, said Daniel Hynes, senior commodities strategist at Australia & New Zealand Banking Group Ltd.. The release looks to be sizable compared with previous efforts, but there are issues around the timing, he said. Also, inventories could be squeezed in the medium term when demand picks up, leading to higher prices, Hynes said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What a 180-Million-Barrel Oil Release May Mean for the Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat a 180-Million-Barrel Oil Release May Mean for the Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-31 15:58 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-03-31/what-a-sizable-u-s-oil-release-may-mean-for-energy-markets?srnd=premium><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden team working on release to combat spiking gasoline priceOil prices dropped by around $5 a barrel shortly after reportOil dropped by more than $5 a barrel in a matter of minutes after a report ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-03-31/what-a-sizable-u-s-oil-release-may-mean-for-energy-markets?srnd=premium\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"USO":"美国原油ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-03-31/what-a-sizable-u-s-oil-release-may-mean-for-energy-markets?srnd=premium","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134713764","content_text":"Biden team working on release to combat spiking gasoline priceOil prices dropped by around $5 a barrel shortly after reportOil dropped by more than $5 a barrel in a matter of minutes after a report that the Biden administration is considering releasing about 1 million barrels a day from its strategic reserves for several months.The overall release could be as much as 180 million barrels, according to people familiar with the plan, and an official announcement may come later Thursday. It would be significantly bigger than recent reserves sales by the U.S. and the country may be joined by allies as part of an effort coordinated by the International Energy Agency.Here’s what some top analysts have to say about the impact:Goldman Sachs Group Inc.A potential release of crude from the Strategic Petroleum Reserve would help the market to re-balance this year, but it won’t solve a structural deficit for oil, analysts including Damien Courvalin said in a note. A release would reduce the amount of necessary price-induced demand destruction, but it’s not a persistent source of supply for coming years.OandaThe release would help cap oil prices in the short-term, but it’s unlikely to make up for the losses of Russian oil exports, said Jeffrey Halley, a senior market analyst at Oanda Asia Pacific Pte. In the longer run, it means that the U.S. SPR will be substantially reduced when demand typically climbs over the U.S. summer driving season, a potential upside for oil prices.ClearView Energy Partners LLC“It is hard to overstate the scale of this intervention, if it bears out,” Managing Director Kevin Book said in a research note. It would be the largest drawdown volume announced in the 45-year history of the SPR, and would follow the second biggest, the 50 million barrel combined sale and exchange in November. As global consumption may outstrip supply by 800,000 barrels a day in the second quarter, the release of 1 million barrels a day from the SPR could bring supply and demand roughly into balance absent further disruptions. That, however, would do little to rebuild lean global inventories.RBC Capital MarketsGiven the Biden administration is taking a very muscular stance toward Moscow, the SPR release is being used as a tool to blunt the impact for U.S. consumers, RBC Capital Markets said. Losses of Russian crude are likely to be enduring as the country will likely remain the most sanctioned nation on earth for the foreseeable future. It will be important to see whether this announcement will be an effective shock-and-awe tactic given that Russian energy losses are likely to climb as the campaign intensifies and the humanitarian crisis in Europe grows more dire, it said in a note.S&P GlobalThe move is likely to be insignificant, with the key focus still being Russian exports, said Victor Shum, vice president of consulting at S&P Global. A wide range of outcomes are possible on Russian crude, with up to 7.5 million barrels a day of exports at stake. Any loss of Russian shipments could be replaced through higher output from Saudi Arabia and the United Arab Emirates and release of government-controlled reserves, at least for several months. Should Russian exports fall 3 million barrels a day from pre-invasion levels from April to December, that would be 825 million barrels, well above the 575 million barrels currently held in the already-shrinking U.S. SPR, he said.DBS BankPrevious release announcements have done little to assuage the market but the size of the latest potential move could have a more lasting impact on prices, said Suvro Sarkar, an energy analyst at DBS Bank Ltd. in Singapore. The actual impact on the market will depend on how the release happens -- whether it’s via direct sales or replacement. The U.S. currently holds about 570 million barrels in the reserves -- the lowest since 2002 -- and a 180 million barrel release without replacement would imply a more than 30% decrease. While the news could lower prices in the short term, it could lead to increased U.S. demand in the longer term to refill the reserves, he said.ING GroepThe release would be the largest ever if it all comes from the U.S., and that would help to ease some of the supply tightness, said Warren Patterson, Singapore-based head of commodities strategy at ING Groep NV. While it would take the volume of the nation’s Strategic Petroleum Reserves to the lowest levels since the 1980s, the U.S. will likely push for a coordinated release so that the move will have a more meaningful impact on the market, he said.Vanda InsightsA constant stream of incremental supply is what the market really needs to cool down prices, according to Vandana Hari, founder of Vanda Insights in Singapore. It’s also important that the U.S. is a producer that’s capable of taking action as the country has enough surplus SPR and has the infrastructure in place to get the 1 million barrels a day of oil to the refiners in fairly short order, she said.SPI Asset ManagementThe release is a possible game-changer, and it offsets the loss of Russian supply for U.S. refiners, said Stephen Innes, managing partner at SPI Asset Management. It still needs to be seen whether the move will be enough to stem the tide of rising prices, or change the perception that reserves releases are little more than band-aids, he said. This unexpected supply boost may temper bullish views for a little bit until more details emerge, Innes said.ANZ GroupOil prices reacted quickly to the news, but there’s unlikely to be a major short-term impact on physical markets as the volumes are still relatively small compared with the losses due to the war in Europe, said Daniel Hynes, senior commodities strategist at Australia & New Zealand Banking Group Ltd.. The release looks to be sizable compared with previous efforts, but there are issues around the timing, he said. Also, inventories could be squeezed in the medium term when demand picks up, leading to higher prices, Hynes said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9910620124,"gmtCreate":1663627416269,"gmtModify":1676537301745,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"good analysis ","listText":"good analysis ","text":"good analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9910620124","repostId":"1158905038","repostType":4,"repost":{"id":"1158905038","pubTimestamp":1663591588,"share":"https://ttm.financial/m/news/1158905038?lang=&edition=fundamental","pubTime":"2022-09-19 20:46","market":"us","language":"en","title":"QQQ: Summer Glory To Fade Off In Fall Obscurity?","url":"https://stock-news.laohu8.com/highlight/detail?id=1158905038","media":"Seeking Alpha","summary":"SummaryIn this note, we will discuss recent price action in Invesco's QQQ ETF, along with the factor","content":"<html><head></head><body><p>Summary</p><ul><li>In this note, we will discuss recent price action in Invesco's QQQ ETF, along with the factors driving this action.</li><li>Furthermore, I share a fresh outlook for the QQQ now that my call for a retest of June lows is looking nailed on to materialize.</li><li>I rate QQQ 'Neutral' at $290.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/53444cd062deb64dcc2310c4eee26ce0\" tg-width=\"1080\" tg-height=\"637\" referrerpolicy=\"no-referrer\"/><span>Dilok Klaisataporn</span></p><p>Introduction: Where Do We Stand?</p><p>Invesco's QQQ (NASDAQ:QQQ) is an exchange-traded fund that tracks the tech-heavy Nasdaq-100 index. After a scintillating summer rally off of June lows, tech stocks and equity markets, in general, have resumed their downtrend. The lasttime I wrote on QQQ was back in early June, and here's what I said at the time:</p><blockquote>In the near term, I see QQQ running up to the $320-330 range, but over the medium term, we are likely to decline to $250-260. These targets are based on fundamental, quantitative, and technical analysis shared in today's note. With a near-term upside of 3-8% and a medium-term downside of ~20-25%, I'm not too fond of QQQ's risk/reward here. Therefore, I am neutral on QQQ at current levels.</blockquote><blockquote><i>Source:Is QQQ A Buy Or Sell During The Dip? It's Complicated</i></blockquote><p>After initially dipping to ~$270 by mid-June, the QQQ went on a smashing rally to reach the $335 level by mid-August. On 15th August 2022, I wrote the following in my newsletter:</p><blockquote>A series of higher highs and higher lows seem to reflect a strong bullish reversal; however, below-average trading volumes are unnerving. We are close to a resistance zone in the $335-345 range, and on the weekly chart, QQQ is testing the top end of the falling wedge pattern we have traded in for the last nine months. A rejection from this zone could quite easily trigger a retest of June lows.</blockquote><blockquote><i>Source:TQI Weekly - Issue #5: A New Bull Market Or Just Another Bear Market Rally</i></blockquote><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/159a6c2ed14077cf70319e8af4b8ccfb\" tg-width=\"640\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/><span>QQQ's chart as of mid-August (WeBull Desktop)</span></p><p>Now, I am not sharing this history to showcase some extraordinary ability to predict the stock market. Instead, I strongly believe that nobody knows where the market is going in the near term. All we can do is analyze the fundamental, quantitative, and technical data to get a better understanding of what could happen in the market. And then orient our investing operations to benefit from this probabilistic understanding of the market environment.</p><p>Sticky inflation, rising interest rates, hawkish monetary policy, and slowing economic activity do not portend strong equity market returns for the foreseeable future. On Tuesday, the CPI inflation print came in hotter-than-expected at 8.3%, surprising market participants betting on a drop off in inflation. However, on the ground, inflation is slowing down [e.g., prices at the gas station are down significantly in recent weeks, home prices are declining, used auto prices are way off their peak, and there are many other instances]. Now, the lagging rents data (~30-40% of CPI) is set to make the headline inflation numbers look bad for some time to come.</p><p>While renowned investors like Ray Dalio and Jeff Gundlach called out the rising probability of a recession during this week (and predicted another 20-25% decline in S&P500), the Fed seems to be focusing on countering inflation - moving full steam ahead with its quantitative tightening program. The expectations for the Fed's September meeting (on 21st and 22nd) are now pointing toward a 75-100 bps hike in the federal funds rate, and the bond market seems to be pricing in more hawkishness from Fed chair Jay Powell, as treasury rates continue to shift up rapidly.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6d4fb12a3da252cd53a6b5e96f4a380\" tg-width=\"640\" tg-height=\"460\" referrerpolicy=\"no-referrer\"/><span>YCharts</span></p><p>Legendary investor Warren Buffett's quote comes to mind:</p><blockquote>Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices. The most important item over time in valuation is obviously interest rates.</blockquote><p>As interest rates have shot up in 2022, equities have been getting re-rated lower, and after a 28% YTD decline, the P/E ratio for Invesco's QQQ ETF (QQQ) [an ETF tracking Nasdaq-100 index] has come down to ~22-23x. Looking at historical data from the past ten years, the QQQ seems like a no-brainer buy at around 20x earnings.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5a4da36ad357f2be93d1e18fbcb5edbc\" tg-width=\"640\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/><span>GuruFocus</span></p><p>However, persistently-high inflation, rising interest rates, and slowing economic activity (amidst waning consumer confidence) are significant threats to corporate earnings and the valuation multiples attached to these earnings. Honestly, earnings may be the next shoe to drop in this market cycle, and Q3 & Q4 could bring a lot more volatility to the equity markets.</p><p>A Look At Some Recent Market Action</p><p>Broad market indices [S&P500 (SPX), Nasdaq-100 (NDX), and Dow Jones Industrial Average (DIA)] got off to a strong start in September; however, volatility returned to Wall Street last week. On Tuesday, stocks took a tumble (SPY down ~4%, QQQ down ~5%) as inflation data came in hotter-than-expected - raising expectations of a 75-100 bps rate hike by the Fed at its September meeting and even more hawkishness from the Fed. After a couple of benign days on Wednesday and Thursday, the sell-off resumed on Friday, with all major indices closing in the red. With the Fed tightening into a slowing economy, the fears of an economic recession are growing.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f0576618c7710bd346a4a0f9d24e86a0\" tg-width=\"640\" tg-height=\"439\" referrerpolicy=\"no-referrer\"/><span>YCharts</span></p><p>At my recently launched marketplace service, The Quantamental Investor, we saw our GARP & Buyback-Dividend portfolios experience a negative ROIC of -1.42% and -1.54% over the last two weeks, with a big chunk of weakness coming from a sell-off in large to mega-cap tech stocks. Interestingly, the performance of small to mid-cap (higher growth) companies was superior to that of their larger counterparts. As of the close on Friday, TQI's Moonshot Growth portfolio had an ROIC of +3.76%, which was better than iShares Russell 1000 Growth ETF's (IWF) return of -1.86%.</p><p><img src=\"https://static.tigerbbs.com/8806662e5af57a7b54a1a3e62a249693\" tg-width=\"905\" tg-height=\"264\" referrerpolicy=\"no-referrer\"/></p><p>At TQI, our playbook for this bear market is -</p><blockquote>Build long positions slowly and manage risk proactively.</blockquote><p>If equity prices continue to fall over the coming weeks and months, then our dollar cost averaging plan will prove to be an effective risk management strategy. At TQI, we started our core portfolios with a 50% cash position, which we intend to deploy in a staggered way over the next ten months.</p><p>Where Is The Market Headed Next?</p><p>I don't know where the market will be a week, a month, or a quarter from now. However, considering valuations and technical charts, I think a retest of QQQ's June lows of ~$270 is very likely in the near term.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a46914a4f61975720b899626da4c4047\" tg-width=\"640\" tg-height=\"478\" referrerpolicy=\"no-referrer\"/><span>WeBull Desktop</span></p><p>If we fail to hold these levels, QQQ may be in for a decline to the $215-235 range. And I say this because the tech generals (largest components) in QQQ - Apple and Microsoft - have a potential downside of ~30-40% each. Read my latest articles on this subject to understand my reasoning for this call:</p><ul><li>Microsoft: Insider Selling, Frothy Valuation, Worsening Fundamentals, And More [September 15th, 2022]</li><li>Apple Vs. Microsoft Vs. Treasury Bonds: The Battle Of Safe Havens Round-2 [August 25th, 2022]</li><li>Apple Vs. Microsoft Vs. Treasury Bonds: The Battle Of Safe Havens [April 20th, 2022]</li></ul><p>We are getting closer to the Q3 (fall) earnings season, and that's when we could see a resolution on either side of the ~$270 level. With rising interest rates, the P/E trading multiples on QQQ are unlikely to expand in the foreseeable future (unless the earnings drop off, in which case the price will likely follow). Overall, I am not too fond of QQQ's medium-term risk-reward from current levels.</p><p>Final Thoughts</p><p>The Fed is hawkish as ever, and its balance sheet roll-off has just started. At some point, the Fed will break something in the economy, and then we will see yet another pivot. However, investors may have to undergo a lot more pain in equity markets before this happens. As the old adage goes -</p><blockquote><b>Don't Fight The Fed.</b></blockquote><p>And we are abiding by this rule in all of TQI's core portfolios by running our investing operations with ~50% in cash and deploying this cash slowly in a staggered fashion over a long period of time.</p><p>Over the near term, the QQQ is likely headed to June lows of ~$270, which is a downside of -7%. With the near and medium-term risk/reward being unattractive, I continue to rate QQQ 'Neutral' at ~$290.</p><p>While broad market [QQQ] is not enticing, there are loads of individual stocks offering asymmetric risk/reward opportunities. Being selective, contrarian, and right could yield spectacular returns for investors buying during periods of heightened volatility like the one we are experiencing today. I'll leave you with this thought - "Invest actively and manage risk proactively."</p><p><b>Key Takeaway:</b> I am neutral on QQQ at current levels.</p><p>Thank you for reading, and happy investing. Please feel free to share any questions, thoughts, or concerns in the comments section below.</p><p><i>This article was written by Ahan Vashi, </i><i>for reference only.</i></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>QQQ: Summer Glory To Fade Off In Fall Obscurity?</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\">\nQQQ: Summer Glory To Fade Off In Fall Obscurity?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-19 20:46 GMT+8 <a href=https://seekingalpha.com/article/4541722-qqq-summer-glory-fade-off-fall-obscurity><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryIn this note, we will discuss recent price action in Invesco's QQQ ETF, along with the factors driving this action.Furthermore, I share a fresh outlook for the QQQ now that my call for a retest...</p>\n\n<a href=\"https://seekingalpha.com/article/4541722-qqq-summer-glory-fade-off-fall-obscurity\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NDX":"纳斯达克100指数",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF"},"source_url":"https://seekingalpha.com/article/4541722-qqq-summer-glory-fade-off-fall-obscurity","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158905038","content_text":"SummaryIn this note, we will discuss recent price action in Invesco's QQQ ETF, along with the factors driving this action.Furthermore, I share a fresh outlook for the QQQ now that my call for a retest of June lows is looking nailed on to materialize.I rate QQQ 'Neutral' at $290.Dilok KlaisatapornIntroduction: Where Do We Stand?Invesco's QQQ (NASDAQ:QQQ) is an exchange-traded fund that tracks the tech-heavy Nasdaq-100 index. After a scintillating summer rally off of June lows, tech stocks and equity markets, in general, have resumed their downtrend. The lasttime I wrote on QQQ was back in early June, and here's what I said at the time:In the near term, I see QQQ running up to the $320-330 range, but over the medium term, we are likely to decline to $250-260. These targets are based on fundamental, quantitative, and technical analysis shared in today's note. With a near-term upside of 3-8% and a medium-term downside of ~20-25%, I'm not too fond of QQQ's risk/reward here. Therefore, I am neutral on QQQ at current levels.Source:Is QQQ A Buy Or Sell During The Dip? It's ComplicatedAfter initially dipping to ~$270 by mid-June, the QQQ went on a smashing rally to reach the $335 level by mid-August. On 15th August 2022, I wrote the following in my newsletter:A series of higher highs and higher lows seem to reflect a strong bullish reversal; however, below-average trading volumes are unnerving. We are close to a resistance zone in the $335-345 range, and on the weekly chart, QQQ is testing the top end of the falling wedge pattern we have traded in for the last nine months. A rejection from this zone could quite easily trigger a retest of June lows.Source:TQI Weekly - Issue #5: A New Bull Market Or Just Another Bear Market RallyQQQ's chart as of mid-August (WeBull Desktop)Now, I am not sharing this history to showcase some extraordinary ability to predict the stock market. Instead, I strongly believe that nobody knows where the market is going in the near term. All we can do is analyze the fundamental, quantitative, and technical data to get a better understanding of what could happen in the market. And then orient our investing operations to benefit from this probabilistic understanding of the market environment.Sticky inflation, rising interest rates, hawkish monetary policy, and slowing economic activity do not portend strong equity market returns for the foreseeable future. On Tuesday, the CPI inflation print came in hotter-than-expected at 8.3%, surprising market participants betting on a drop off in inflation. However, on the ground, inflation is slowing down [e.g., prices at the gas station are down significantly in recent weeks, home prices are declining, used auto prices are way off their peak, and there are many other instances]. Now, the lagging rents data (~30-40% of CPI) is set to make the headline inflation numbers look bad for some time to come.While renowned investors like Ray Dalio and Jeff Gundlach called out the rising probability of a recession during this week (and predicted another 20-25% decline in S&P500), the Fed seems to be focusing on countering inflation - moving full steam ahead with its quantitative tightening program. The expectations for the Fed's September meeting (on 21st and 22nd) are now pointing toward a 75-100 bps hike in the federal funds rate, and the bond market seems to be pricing in more hawkishness from Fed chair Jay Powell, as treasury rates continue to shift up rapidly.YChartsLegendary investor Warren Buffett's quote comes to mind:Interest rates are to asset prices what gravity is to the apple. When there are low interest rates, there is a very low gravitational pull on asset prices. The most important item over time in valuation is obviously interest rates.As interest rates have shot up in 2022, equities have been getting re-rated lower, and after a 28% YTD decline, the P/E ratio for Invesco's QQQ ETF (QQQ) [an ETF tracking Nasdaq-100 index] has come down to ~22-23x. Looking at historical data from the past ten years, the QQQ seems like a no-brainer buy at around 20x earnings.GuruFocusHowever, persistently-high inflation, rising interest rates, and slowing economic activity (amidst waning consumer confidence) are significant threats to corporate earnings and the valuation multiples attached to these earnings. Honestly, earnings may be the next shoe to drop in this market cycle, and Q3 & Q4 could bring a lot more volatility to the equity markets.A Look At Some Recent Market ActionBroad market indices [S&P500 (SPX), Nasdaq-100 (NDX), and Dow Jones Industrial Average (DIA)] got off to a strong start in September; however, volatility returned to Wall Street last week. On Tuesday, stocks took a tumble (SPY down ~4%, QQQ down ~5%) as inflation data came in hotter-than-expected - raising expectations of a 75-100 bps rate hike by the Fed at its September meeting and even more hawkishness from the Fed. After a couple of benign days on Wednesday and Thursday, the sell-off resumed on Friday, with all major indices closing in the red. With the Fed tightening into a slowing economy, the fears of an economic recession are growing.YChartsAt my recently launched marketplace service, The Quantamental Investor, we saw our GARP & Buyback-Dividend portfolios experience a negative ROIC of -1.42% and -1.54% over the last two weeks, with a big chunk of weakness coming from a sell-off in large to mega-cap tech stocks. Interestingly, the performance of small to mid-cap (higher growth) companies was superior to that of their larger counterparts. As of the close on Friday, TQI's Moonshot Growth portfolio had an ROIC of +3.76%, which was better than iShares Russell 1000 Growth ETF's (IWF) return of -1.86%.At TQI, our playbook for this bear market is -Build long positions slowly and manage risk proactively.If equity prices continue to fall over the coming weeks and months, then our dollar cost averaging plan will prove to be an effective risk management strategy. At TQI, we started our core portfolios with a 50% cash position, which we intend to deploy in a staggered way over the next ten months.Where Is The Market Headed Next?I don't know where the market will be a week, a month, or a quarter from now. However, considering valuations and technical charts, I think a retest of QQQ's June lows of ~$270 is very likely in the near term.WeBull DesktopIf we fail to hold these levels, QQQ may be in for a decline to the $215-235 range. And I say this because the tech generals (largest components) in QQQ - Apple and Microsoft - have a potential downside of ~30-40% each. Read my latest articles on this subject to understand my reasoning for this call:Microsoft: Insider Selling, Frothy Valuation, Worsening Fundamentals, And More [September 15th, 2022]Apple Vs. Microsoft Vs. Treasury Bonds: The Battle Of Safe Havens Round-2 [August 25th, 2022]Apple Vs. Microsoft Vs. Treasury Bonds: The Battle Of Safe Havens [April 20th, 2022]We are getting closer to the Q3 (fall) earnings season, and that's when we could see a resolution on either side of the ~$270 level. With rising interest rates, the P/E trading multiples on QQQ are unlikely to expand in the foreseeable future (unless the earnings drop off, in which case the price will likely follow). Overall, I am not too fond of QQQ's medium-term risk-reward from current levels.Final ThoughtsThe Fed is hawkish as ever, and its balance sheet roll-off has just started. At some point, the Fed will break something in the economy, and then we will see yet another pivot. However, investors may have to undergo a lot more pain in equity markets before this happens. As the old adage goes -Don't Fight The Fed.And we are abiding by this rule in all of TQI's core portfolios by running our investing operations with ~50% in cash and deploying this cash slowly in a staggered fashion over a long period of time.Over the near term, the QQQ is likely headed to June lows of ~$270, which is a downside of -7%. With the near and medium-term risk/reward being unattractive, I continue to rate QQQ 'Neutral' at ~$290.While broad market [QQQ] is not enticing, there are loads of individual stocks offering asymmetric risk/reward opportunities. Being selective, contrarian, and right could yield spectacular returns for investors buying during periods of heightened volatility like the one we are experiencing today. I'll leave you with this thought - \"Invest actively and manage risk proactively.\"Key Takeaway: I am neutral on QQQ at current levels.Thank you for reading, and happy investing. Please feel free to share any questions, thoughts, or concerns in the comments section below.This article was written by Ahan Vashi, for reference only.","news_type":1},"isVote":1,"tweetType":1,"viewCount":35,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9055274203,"gmtCreate":1655285118502,"gmtModify":1676535604355,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"go for 100 and watch the market crash","listText":"go for 100 and watch the market crash","text":"go for 100 and watch the market crash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9055274203","repostId":"2243881989","repostType":4,"repost":{"id":"2243881989","pubTimestamp":1655251550,"share":"https://ttm.financial/m/news/2243881989?lang=&edition=fundamental","pubTime":"2022-06-15 08:05","market":"us","language":"en","title":"Decision Day for the Federal Reserve - 50, 75 or 100 Basis Point Rate Hike?","url":"https://stock-news.laohu8.com/highlight/detail?id=2243881989","media":"seekingalpha","summary":"For weeks the members of the Federal Reserve's Federal Open Market Committee have been saying they'r","content":"<html><head></head><body><p>For weeks the members of the Federal Reserve's Federal Open Market Committee have been saying they're on board with boosting their key policy rate by 50 basis points at each of the next two meetings. Traders, though, are now pricing in a 75-bp hike.</p><p>Even though the central bankers have been unusually clear in stating that they plan to raise the federal funds rate target range by half a percentage point to 1.25%-1.50% at the June meeting, they always qualify the statement by saying their decision will be data-dependent.</p><p>And Federal Reserve Chairman Jerome Powell has repeatedly said that the central bank will do what it takes to bring down inflation. Last month, he emphasized, "I think the one thing we really cannot do is to fail to restore price stability... Nothing in the economy works, the economy doesn't work for anybody without price stability."</p><p><b>Inflation gauge</b>: Data released on Friday could have the FOMC thinking about that bigger rate increase. The consumer price index climbed higher than expected in May, dashing hopes that inflation had already peaked. On a Y/Y basis, CPI rose 8.6% in May, exceeding the 8.2% expected and up from 8.3% in April. Stripping out volatile sectors of energy and food, CPI increased 6.0% from a year ago, just above the consensus and down from 6.2% in April.</p><p>And while the media and pundits have been making much of the hotter-than-expected CPI number, the Fed places greater weight on personal consumption expenditure numbers. In April, the most recent month PCE figures are available for, the PCE price index increased 6.3% Y/Y, as expected, and core PCE rose 4.9%, also in line. Whether CPI or PCE, both are rising far faster than the Fed's 2% inflation goal.</p><p>Steve Englander, Standard Chartered head of Global G10 FX Research and North America Macro Strategy, still expects a 50-bp hike this week, but doesn't preclude a 75 bp increase. He even sees "an outside chance of 100bps at the 15 June meeting. However, this is not a Fed that likes to surprise, and the consumer confidence is shocking, so we retain 50bps as our June baseline," he wrote in a note dated June 13.</p><p>Former New York Fed president William Dudley said on Tuesday he thinks the FOMC will go with the 75 bp increment, but brings up the possibility of 100 bps, too, the <i>Wall Street Journal'</i>s Michael Derby reported.</p><p>"Chairman Jerome Powell and his colleagues are walking a monetary policy tightrope hoping to avoid a recession while dampening demand. This year’s decline in stock prices and rise in bond yields are among the more obvious consequences of the Fed’s actions," said Bankrate Economic Analyst Mark Hamrick.</p><p><b>Good reason to surprise</b>: Barclays's Jonathan Millar is expecting a 75bp hike this week. "We think the U.S. central bank now has good reason to surprise markets by hiking more aggressively than expected in June," he wrote in a note after the CPI report was issued on Thursday. Millar also increased Barclays' forecast for the terminal rate by 25 bps to 3.00%-3.25% in early 2023.</p><p>Goldman Sachs' Jan Hatzius ratcheted up his expectations for the Fed to hike rates by 75 bp in both June and July, a move that would "quickly reset the level of the funds rate at 2.25-2.5%, The FOMC's median estimate of the neutral rate," he wrote in a note dated June 13. (The neutral rate is when the interest rate neither fuels the economy nor hinders it.) His expectation for the terminal rate is unchanged at 3.25%-3.5%.</p><p>Deutsche Bank Chief U.S. Economist Matthew Luzzetti still expected (as of June 10) 50 bps hikes at each of the June and July meetings, but is now expecting 50-bp hikes in both September and November, then "downshifting to a pace of 25bps hikes at the December meeting. The upshot is that we now see the fed funds rate ending this year at 3.125%, and peaking at 4.125% by the middle of 2023," he wrote in a note to clients.</p><p>Fed swaps trading priced a 4% terminal rate by mid-2023, Bloomberg reported on Monday. Some 175 bps of tightening is expected by September, implying two half-point increases and one 75-bp boost.</p><p><b>Economic projection update</b>: The committee will also release its Summary of Economic Projections on Wednesday, updating their expectations for a range of economic measures, including GDP growth, inflation and the unemployment rate over the next couple of years. Fed watchers, of course, will be focused on the so-called dot plot that summarizes the expected path of the fed funds rate.</p><p>In the March SEP, Fed members' median projections were for federal funds rate of 1.9%, GDP growth of 2.8%, PCE inflation of 4.3%, and unemployment rate of 3.5% at the end of 2022. For the dot plot, more than half of the FOMC members expected at least seven quarter-point rate increases — or 175 bps; of that amount 75 have already been implemented this year.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Decision Day for the Federal Reserve - 50, 75 or 100 Basis Point Rate Hike?</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\">\nDecision Day for the Federal Reserve - 50, 75 or 100 Basis Point Rate Hike?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-15 08:05 GMT+8 <a href=https://seekingalpha.com/news/3848168-fomc-preview><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For weeks the members of the Federal Reserve's Federal Open Market Committee have been saying they're on board with boosting their key policy rate by 50 basis points at each of the next two meetings. ...</p>\n\n<a href=\"https://seekingalpha.com/news/3848168-fomc-preview\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://seekingalpha.com/news/3848168-fomc-preview","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2243881989","content_text":"For weeks the members of the Federal Reserve's Federal Open Market Committee have been saying they're on board with boosting their key policy rate by 50 basis points at each of the next two meetings. Traders, though, are now pricing in a 75-bp hike.Even though the central bankers have been unusually clear in stating that they plan to raise the federal funds rate target range by half a percentage point to 1.25%-1.50% at the June meeting, they always qualify the statement by saying their decision will be data-dependent.And Federal Reserve Chairman Jerome Powell has repeatedly said that the central bank will do what it takes to bring down inflation. Last month, he emphasized, \"I think the one thing we really cannot do is to fail to restore price stability... Nothing in the economy works, the economy doesn't work for anybody without price stability.\"Inflation gauge: Data released on Friday could have the FOMC thinking about that bigger rate increase. The consumer price index climbed higher than expected in May, dashing hopes that inflation had already peaked. On a Y/Y basis, CPI rose 8.6% in May, exceeding the 8.2% expected and up from 8.3% in April. Stripping out volatile sectors of energy and food, CPI increased 6.0% from a year ago, just above the consensus and down from 6.2% in April.And while the media and pundits have been making much of the hotter-than-expected CPI number, the Fed places greater weight on personal consumption expenditure numbers. In April, the most recent month PCE figures are available for, the PCE price index increased 6.3% Y/Y, as expected, and core PCE rose 4.9%, also in line. Whether CPI or PCE, both are rising far faster than the Fed's 2% inflation goal.Steve Englander, Standard Chartered head of Global G10 FX Research and North America Macro Strategy, still expects a 50-bp hike this week, but doesn't preclude a 75 bp increase. He even sees \"an outside chance of 100bps at the 15 June meeting. However, this is not a Fed that likes to surprise, and the consumer confidence is shocking, so we retain 50bps as our June baseline,\" he wrote in a note dated June 13.Former New York Fed president William Dudley said on Tuesday he thinks the FOMC will go with the 75 bp increment, but brings up the possibility of 100 bps, too, the Wall Street Journal's Michael Derby reported.\"Chairman Jerome Powell and his colleagues are walking a monetary policy tightrope hoping to avoid a recession while dampening demand. This year’s decline in stock prices and rise in bond yields are among the more obvious consequences of the Fed’s actions,\" said Bankrate Economic Analyst Mark Hamrick.Good reason to surprise: Barclays's Jonathan Millar is expecting a 75bp hike this week. \"We think the U.S. central bank now has good reason to surprise markets by hiking more aggressively than expected in June,\" he wrote in a note after the CPI report was issued on Thursday. Millar also increased Barclays' forecast for the terminal rate by 25 bps to 3.00%-3.25% in early 2023.Goldman Sachs' Jan Hatzius ratcheted up his expectations for the Fed to hike rates by 75 bp in both June and July, a move that would \"quickly reset the level of the funds rate at 2.25-2.5%, The FOMC's median estimate of the neutral rate,\" he wrote in a note dated June 13. (The neutral rate is when the interest rate neither fuels the economy nor hinders it.) His expectation for the terminal rate is unchanged at 3.25%-3.5%.Deutsche Bank Chief U.S. Economist Matthew Luzzetti still expected (as of June 10) 50 bps hikes at each of the June and July meetings, but is now expecting 50-bp hikes in both September and November, then \"downshifting to a pace of 25bps hikes at the December meeting. The upshot is that we now see the fed funds rate ending this year at 3.125%, and peaking at 4.125% by the middle of 2023,\" he wrote in a note to clients.Fed swaps trading priced a 4% terminal rate by mid-2023, Bloomberg reported on Monday. Some 175 bps of tightening is expected by September, implying two half-point increases and one 75-bp boost.Economic projection update: The committee will also release its Summary of Economic Projections on Wednesday, updating their expectations for a range of economic measures, including GDP growth, inflation and the unemployment rate over the next couple of years. Fed watchers, of course, will be focused on the so-called dot plot that summarizes the expected path of the fed funds rate.In the March SEP, Fed members' median projections were for federal funds rate of 1.9%, GDP growth of 2.8%, PCE inflation of 4.3%, and unemployment rate of 3.5% at the end of 2022. For the dot plot, more than half of the FOMC members expected at least seven quarter-point rate increases — or 175 bps; of that amount 75 have already been implemented this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042139986,"gmtCreate":1656455064645,"gmtModify":1676535829379,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"The top 3 picks for the week then?","listText":"The top 3 picks for the week then?","text":"The top 3 picks for the week then?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042139986","repostId":"2246792951","repostType":4,"repost":{"id":"2246792951","pubTimestamp":1656387201,"share":"https://ttm.financial/m/news/2246792951?lang=&edition=fundamental","pubTime":"2022-06-28 11:33","market":"us","language":"en","title":"3 Stocks to Avoid This Week: BBBY, FIZZ and MU","url":"https://stock-news.laohu8.com/highlight/detail?id=2246792951","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<html><head></head><body><p>My "three stocks to avoid" column last week was a flop. The three stocks I thought were going to move lower for the week -- <b>Rite Aid</b>, <b>MicroStrategy</b>, and <b>CVR Energy</b> -- finished up 40%, up 23%, and flat, respectively, averaging out to a 21% gain.</p><p>The <b>S&P 500</b> experienced a 6.4% surge, and the investments I figured would fare worse did a lot better. I was wrong, but I have still been correct in 24 of the past 36 weeks.</p><p>Where do I go to next? I see <b>Micron Technology</b>, <b>Bed Bath & Beyond</b>, and <b>National Beverage</b> as stocks you may want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.</p><h2><b>Micron Technology</b></h2><p>Micron Technology is one of the few companies reporting fresh financials this week. The semiconductor bellwether reports its quarterly results after Thursday's market close. Micron's memory and storage solutions are found in everything from PCs to consumer electronics and automobiles, so it's easy to see why it would also be vulnerable to a global economic slowdown.</p><p>Analysts seem to have been paring back their expectations over the past month, and not just for this year but also for fiscal 2023. Micron Technology has an impressive history of beating Wall Street expectations on the bottom line. It's also refreshingly cheap, trading for seven times trailing earnings and six times this fiscal year's target. I still think its outlook may be cloudy if not cautionary when it reports, and that could rattle the shares. With more than half of its product portfolio geared to the consumer market, Micron is more vulnerable than you might think in this iffy economic climate.</p><h2><b>Bed Bath & Beyond</b></h2><p>There's a trend we've seen with retailers reporting over the past few weeks: Consumers are shifting their spending habits from home goods and general merchandise to experiences. The monetary migration doesn't bode well for Bed Bath & Beyond heading into its fiscal quarterly update on Wednesday morning.</p><p>One can argue that Bed Bath & Beyond already has a rough performance baked into the price. Did you know that the superstore chain is trading in the single digits? The stock enters this new trading week 84% below the highs it set in June of last year.</p><p>The downticks have been earned. Bed Bath & Beyond has fallen well short of analyst profit targets in each of its last four reports. Analysts see a sales decline this year, which would mark the fifth consecutive fiscal year where the top line goes the wrong way. It's at least two years away from a return to profitability, and retail isn't patient when concepts aren't clicking.</p><h2><b>National Beverage</b></h2><p>It's been a few years since National Beverage caught lightning in a bottle -- or a can, to be more accurate -- with its LaCroix line of flavored sparkling beverages. The beverage giant found a golden ticket as a way to offset a consumer shift away from traditional carbonated sodas, but now the market is crowded.</p><p>It might surprise you that it's been four years since National Beverage posted double-digit annual sales growth. The carbonated-beverage giant with FIZZ as its ticker symbol has gone flat. It's not fading away like Bed Bath & Beyond, but it's proving too mortal for its valuation. National Beverage has missed analyst earnings projections in back-to-back quarters. It's hard to justify paying 28 times earnings for a company in a cutthroat market that is seemingly locked into single-digit sales growth.</p><p>LaCroix isn't dead, but where is the other growth catalyst if its primary driver can't find a way to stand out again in its niche market? It's not as if Shasta sodas or Rip It energy drinks are setting the world on fire.</p><p>It's going to be a bumpy road for some of these investments. If you're looking for safe stocks, you aren't likely to find them in Micron Technology, Bed Bath & Beyond, and National Beverage this week.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>3 Stocks to Avoid This Week: BBBY, FIZZ and MU</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n3 Stocks to Avoid This Week: BBBY, FIZZ and MU\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-28 11:33 GMT+8 <a href=https://www.fool.com/investing/2022/06/27/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>My \"three stocks to avoid\" column last week was a flop. The three stocks I thought were going to move lower for the week -- Rite Aid, MicroStrategy, and CVR Energy -- finished up 40%, up 23%, and flat...</p>\n\n<a href=\"https://www.fool.com/investing/2022/06/27/3-stocks-to-avoid-this-week/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BBBY":"3B家居","FIZZ":"National Beverage Corp","MU":"美光科技"},"source_url":"https://www.fool.com/investing/2022/06/27/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2246792951","content_text":"My \"three stocks to avoid\" column last week was a flop. The three stocks I thought were going to move lower for the week -- Rite Aid, MicroStrategy, and CVR Energy -- finished up 40%, up 23%, and flat, respectively, averaging out to a 21% gain.The S&P 500 experienced a 6.4% surge, and the investments I figured would fare worse did a lot better. I was wrong, but I have still been correct in 24 of the past 36 weeks.Where do I go to next? I see Micron Technology, Bed Bath & Beyond, and National Beverage as stocks you may want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.Micron TechnologyMicron Technology is one of the few companies reporting fresh financials this week. The semiconductor bellwether reports its quarterly results after Thursday's market close. Micron's memory and storage solutions are found in everything from PCs to consumer electronics and automobiles, so it's easy to see why it would also be vulnerable to a global economic slowdown.Analysts seem to have been paring back their expectations over the past month, and not just for this year but also for fiscal 2023. Micron Technology has an impressive history of beating Wall Street expectations on the bottom line. It's also refreshingly cheap, trading for seven times trailing earnings and six times this fiscal year's target. I still think its outlook may be cloudy if not cautionary when it reports, and that could rattle the shares. With more than half of its product portfolio geared to the consumer market, Micron is more vulnerable than you might think in this iffy economic climate.Bed Bath & BeyondThere's a trend we've seen with retailers reporting over the past few weeks: Consumers are shifting their spending habits from home goods and general merchandise to experiences. The monetary migration doesn't bode well for Bed Bath & Beyond heading into its fiscal quarterly update on Wednesday morning.One can argue that Bed Bath & Beyond already has a rough performance baked into the price. Did you know that the superstore chain is trading in the single digits? The stock enters this new trading week 84% below the highs it set in June of last year.The downticks have been earned. Bed Bath & Beyond has fallen well short of analyst profit targets in each of its last four reports. Analysts see a sales decline this year, which would mark the fifth consecutive fiscal year where the top line goes the wrong way. It's at least two years away from a return to profitability, and retail isn't patient when concepts aren't clicking.National BeverageIt's been a few years since National Beverage caught lightning in a bottle -- or a can, to be more accurate -- with its LaCroix line of flavored sparkling beverages. The beverage giant found a golden ticket as a way to offset a consumer shift away from traditional carbonated sodas, but now the market is crowded.It might surprise you that it's been four years since National Beverage posted double-digit annual sales growth. The carbonated-beverage giant with FIZZ as its ticker symbol has gone flat. It's not fading away like Bed Bath & Beyond, but it's proving too mortal for its valuation. National Beverage has missed analyst earnings projections in back-to-back quarters. It's hard to justify paying 28 times earnings for a company in a cutthroat market that is seemingly locked into single-digit sales growth.LaCroix isn't dead, but where is the other growth catalyst if its primary driver can't find a way to stand out again in its niche market? It's not as if Shasta sodas or Rip It energy drinks are setting the world on fire.It's going to be a bumpy road for some of these investments. If you're looking for safe stocks, you aren't likely to find them in Micron Technology, Bed Bath & Beyond, and National Beverage this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9050238240,"gmtCreate":1654208680880,"gmtModify":1676535410543,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"what a rebound","listText":"what a rebound","text":"what a rebound","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9050238240","repostId":"1184116901","repostType":4,"repost":{"id":"1184116901","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654182904,"share":"https://ttm.financial/m/news/1184116901?lang=&edition=fundamental","pubTime":"2022-06-02 23:15","market":"us","language":"en","title":"Stocks Rebound from Earlier Losses as Investors Shake off Weak Microsoft Outlook, Fed Hike Fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1184116901","media":"Tiger Newspress","summary":"U.S. stocks rose Thursday as investors shook off weak guidance from technology bellwether Microsoft ","content":"<html><head></head><body><p>U.S. stocks rose Thursday as investors shook off weak guidance from technology bellwether Microsoft and renewed worries about Federal Reserve rate hikes.</p><p>The Dow Jones Industrial Average ticked up about 20 points. The S&P 500 opened 0.5%. The tech-heavy Nasdaq Composite ticked up 1.2%. The three indexes are coming off two consecutive down days.</p><p>Fed Vice President Lael Brainard on Thursday said it isunlikely the central bank will take a breakfrom its current rate-hiking cycle anytime soon.</p><p>“Right now, it’s very hard to see the cause for a pause,” Brainard told CNBC’s Sara Eisen during a “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”</p><p>Meanwhile, shares of Microsoft slid 1.5% as the company warned revenue and earnings this quarter would fall short of analysts’ estimates.</p><p>Other technology names rose and boosted the Nasdaq. Nvidia gained more than 3%, Zoom rose more than 2% and Tesla added about 2%.</p><p>Meta Platforms ticked up 1% a day after Sheryl Sandberg announced she isstepping down from her role as chief operating officer.</p><p>Traders also parsed through corporate earnings results. Hewlett Packard Enterprise fell around 7% following slight misses on both earnings and revenue. Meanwhile, shares of pet retailer Chewy surged about 16% after the company reported strong quarterly results.</p><p>Investors eyed employment data showing theslowest job creation paceof the pandemic-era recovery. Private sector employment rose by just 128,000 in May, ADP reported Thursday, falling well short of the 299,000 Dow Jones estimate. In another report Thursday, initial jobless claims last week fell and came in below expectations, according to the Labor Department.</p><p>The closely-watched jobs report for May is slated for release Friday morning. Economists expect 325,000 nonfarm jobs were added in the latest month, compared with 428,000 in April.</p><p>The three major stock averages are each down on the holiday-shortened week.</p><p>“Our view is cautious as we close out the second quarter,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “Global central bank uncertainty and the pace of tighter monetary policy, still-tight global energy ... markets — which may lead to higher prices still — and headwinds for corporate earnings growth are risks for investors moving forward.”</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stocks Rebound from Earlier Losses as Investors Shake off Weak Microsoft Outlook, Fed Hike Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStocks Rebound from Earlier Losses as Investors Shake off Weak Microsoft Outlook, Fed Hike Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-02 23:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks rose Thursday as investors shook off weak guidance from technology bellwether Microsoft and renewed worries about Federal Reserve rate hikes.</p><p>The Dow Jones Industrial Average ticked up about 20 points. The S&P 500 opened 0.5%. The tech-heavy Nasdaq Composite ticked up 1.2%. The three indexes are coming off two consecutive down days.</p><p>Fed Vice President Lael Brainard on Thursday said it isunlikely the central bank will take a breakfrom its current rate-hiking cycle anytime soon.</p><p>“Right now, it’s very hard to see the cause for a pause,” Brainard told CNBC’s Sara Eisen during a “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”</p><p>Meanwhile, shares of Microsoft slid 1.5% as the company warned revenue and earnings this quarter would fall short of analysts’ estimates.</p><p>Other technology names rose and boosted the Nasdaq. Nvidia gained more than 3%, Zoom rose more than 2% and Tesla added about 2%.</p><p>Meta Platforms ticked up 1% a day after Sheryl Sandberg announced she isstepping down from her role as chief operating officer.</p><p>Traders also parsed through corporate earnings results. Hewlett Packard Enterprise fell around 7% following slight misses on both earnings and revenue. Meanwhile, shares of pet retailer Chewy surged about 16% after the company reported strong quarterly results.</p><p>Investors eyed employment data showing theslowest job creation paceof the pandemic-era recovery. Private sector employment rose by just 128,000 in May, ADP reported Thursday, falling well short of the 299,000 Dow Jones estimate. In another report Thursday, initial jobless claims last week fell and came in below expectations, according to the Labor Department.</p><p>The closely-watched jobs report for May is slated for release Friday morning. Economists expect 325,000 nonfarm jobs were added in the latest month, compared with 428,000 in April.</p><p>The three major stock averages are each down on the holiday-shortened week.</p><p>“Our view is cautious as we close out the second quarter,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “Global central bank uncertainty and the pace of tighter monetary policy, still-tight global energy ... markets — which may lead to higher prices still — and headwinds for corporate earnings growth are risks for investors moving forward.”</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184116901","content_text":"U.S. stocks rose Thursday as investors shook off weak guidance from technology bellwether Microsoft and renewed worries about Federal Reserve rate hikes.The Dow Jones Industrial Average ticked up about 20 points. The S&P 500 opened 0.5%. The tech-heavy Nasdaq Composite ticked up 1.2%. The three indexes are coming off two consecutive down days.Fed Vice President Lael Brainard on Thursday said it isunlikely the central bank will take a breakfrom its current rate-hiking cycle anytime soon.“Right now, it’s very hard to see the cause for a pause,” Brainard told CNBC’s Sara Eisen during a “Squawk on the Street” interview. “We’ve still got a lot of work to do to get inflation down to our 2% target.”Meanwhile, shares of Microsoft slid 1.5% as the company warned revenue and earnings this quarter would fall short of analysts’ estimates.Other technology names rose and boosted the Nasdaq. Nvidia gained more than 3%, Zoom rose more than 2% and Tesla added about 2%.Meta Platforms ticked up 1% a day after Sheryl Sandberg announced she isstepping down from her role as chief operating officer.Traders also parsed through corporate earnings results. Hewlett Packard Enterprise fell around 7% following slight misses on both earnings and revenue. Meanwhile, shares of pet retailer Chewy surged about 16% after the company reported strong quarterly results.Investors eyed employment data showing theslowest job creation paceof the pandemic-era recovery. Private sector employment rose by just 128,000 in May, ADP reported Thursday, falling well short of the 299,000 Dow Jones estimate. In another report Thursday, initial jobless claims last week fell and came in below expectations, according to the Labor Department.The closely-watched jobs report for May is slated for release Friday morning. Economists expect 325,000 nonfarm jobs were added in the latest month, compared with 428,000 in April.The three major stock averages are each down on the holiday-shortened week.“Our view is cautious as we close out the second quarter,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “Global central bank uncertainty and the pace of tighter monetary policy, still-tight global energy ... markets — which may lead to higher prices still — and headwinds for corporate earnings growth are risks for investors moving forward.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":147,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923777680,"gmtCreate":1670927716640,"gmtModify":1676538461096,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","listText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","text":"$LION-OCBC HSTECH ETF S$(HST.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923777680","isVote":1,"tweetType":1,"viewCount":215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912623125,"gmtCreate":1664834931767,"gmtModify":1676537513929,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$</a><v-v data-views=\"1\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9912623125","isVote":1,"tweetType":1,"viewCount":80,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932452213,"gmtCreate":1662983475832,"gmtModify":1676537175757,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"the impact of QT is under estimated currently ","listText":"the impact of QT is under estimated currently ","text":"the impact of QT is under estimated currently","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932452213","repostId":"2266390451","repostType":4,"repost":{"id":"2266390451","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":1662973466,"share":"https://ttm.financial/m/news/2266390451?lang=&edition=fundamental","pubTime":"2022-09-12 17:04","market":"us","language":"en","title":"Stock-Market Wild Card: What Investors Need to Know as Fed Shrinks Balance Sheet at Faster Pace","url":"https://stock-news.laohu8.com/highlight/detail?id=2266390451","media":"Dow Jones","summary":"Quantitative easing is credited with juicing equity returns and boosting other speculative assets by","content":"<html><head></head><body><p>Quantitative easing is credited with juicing equity returns and boosting other speculative assets by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds after the financial crisis and amid the coronavirus pandemic. Investors and policy makers may be underestimating what happens as the tide goes out.</p><p>"I don't know if the Fed or anybody else truly understands the impact of QT just yet," said Aidan Garrib, head of global macro strategy and research at Montreal-based PGM Global, in a phone interview.</p><p>The Fed, in fact, began slowly shrinking its balance sheet -- a process known as quantitative tightening, or QT -- earlier this year. Now it's accelerating the process, as planned, and it's making some market watchers nervous.</p><p>A lack of historical experience around the process is raising the uncertainty level. Meanwhile, research that increasingly credits quantitative easing, or QE, with giving asset prices a lift logically points to the potential for QT to do the opposite.</p><p>Since 2010, QE has explained about 50% of the movement in market price-to-earnings multiples, said Savita Subramanian, equity and quant strategist at Bank of America, in an Aug. 15 research note (see chart below).</p><p><img src=\"https://static.tigerbbs.com/c7ba2d5fe717396f178495c88a6ba8f6\" tg-width=\"700\" tg-height=\"748\" width=\"100%\" height=\"auto\"/></p><p>"Based on the strong linear relationship between QE and S&P 500 returns from 2010 to 2019, QT through 2023 would translate into a 7 percentage-point drop in the S&P 500 from here," she wrote.</p><p>In quantitative easing, a central bank creates credit that's used to buy securities on the open market. Purchases of long-dated bonds are intended to drive down yields, which is seen enhancing appetite for risky assets as investors look elsewhere for higher returns. QE creates new reserves on bank balance sheets. The added cushion gives banks, which must hold reserves in line with regulations, more room to lend or to finance trading activity by hedge funds and other financial market participants, further enhancing market liquidity.</p><p>The way to think about the relationship between QE and equities is to note that as central banks undertake QE, it raises forward earnings expectations. That, in turn, lowers the equity risk premium, which is the extra return investors demand to hold risky equities over safe Treasurys, noted PGM Global's Garrib. Investors are willing to venture further out on the risk curve, he said, which explains the surge in earnings-free "dream stocks" and other highly speculative assets amid the QE flood as the economy and stock market recovered from the pandemic in 2021.</p><p>However, with the economy recovering and inflation rising the Fed began shrinking its balance sheet in June, and is doubling the pace in September to its maximum rate of $95 billion per month. This will be accomplished by letting $60 billion of Treasurys and $35 billion of mortgage backed securities roll off the balance sheet without reinvestment. At that pace, the balance sheet could shrink by $1 trillion in a year.</p><p>The unwinding of the Fed's balance sheet that began in 2017 after the economy had long recovered from the 2008-2009 crisis was supposed to be as exciting as "watching paint dry," then-Federal Reserve Chairwoman Janet Yellen said at the time. It was a ho-hum affair until the fall of 2019, when the Fed had to inject cash into malfunctioning money markets. QE then resumed in 2020 in response to the COVID-19 pandemic.</p><p>More economists and analysts have been ringing alarm bells over the possibility of a repeat of the 2019 liquidity crunch.</p><p>"If the past repeats, the shrinking of the central bank's balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector's on-and off-balance sheet demandable liabilities," warned Raghuram Rajan, former governor of the Reserve Bank of India and former chief economist at the International Monetary Fund, and other researchers in a paper presented at the Kansas City Fed's annual symposium in Jackson Hole, Wyoming, last month.</p><p>Hedge-fund giant Bridgewater Associates in June warned that QT was contributing to a "liquidity hole" in the bond market.</p><p>The slow pace of the wind-down so far and the composition of the balance-sheet reduction have muted the effect of QT so far, but that's set to change, Garrib said.</p><p>He noted that QT is usually described in the context of the asset side of the Fed's balance sheet, but it's the liability side that matters to financial markets. And so far, reductions in Fed liabilities have been concentrated in the Treasury General Account, or TGA, which effectively serves as the government's checking account.</p><p>That's actually served to improve market liquidity he explained, as it means the government has been spending money to pay for goods and services. It won't last.</p><p>The Treasury plans to increase debt issuance in coming months, which will boost the size of the TGA. The Fed will actively redeem T-bills when coupon maturities aren't sufficient to meet their monthly balance sheet reductions as part of QT, Garrib said.</p><p>The Treasury will be effectively taking money out of economy and putting it into the government's checking account -- a net drag -- as it issues more debt. That will put more pressure on the private sector to absorb those Treasurys, which means less money to put into other assets, he said.</p><p>The worry for stock-market investors is that high inflation means the Fed won't have the ability to pivot on a dime as it did during past periods of market stress, said Garrib, who argued that the tightening by the Fed and other major central banks could set up the stock market for a test of the June lows in a drop that could go "significantly below" those levels.</p><p>The main takeaway, he said, is "don't fight the Fed on the way up and don't fight the Fed on the way down."</p><p>Stocks ended higher on Friday, with the Dow Jones Industrial Average , S&P 500 and Nasdaq Composite snapping a three-week run of weekly losses.</p><p>The highlight of the week ahead will likely come on Tuesday, with the release of the August consumer-price index, which will be parsed for signs inflation is heading back down.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock-Market Wild Card: What Investors Need to Know as Fed Shrinks Balance Sheet at Faster Pace</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock-Market Wild Card: What Investors Need to Know as Fed Shrinks Balance Sheet at Faster Pace\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\">2022-09-12 17:04</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Quantitative easing is credited with juicing equity returns and boosting other speculative assets by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds after the financial crisis and amid the coronavirus pandemic. Investors and policy makers may be underestimating what happens as the tide goes out.</p><p>"I don't know if the Fed or anybody else truly understands the impact of QT just yet," said Aidan Garrib, head of global macro strategy and research at Montreal-based PGM Global, in a phone interview.</p><p>The Fed, in fact, began slowly shrinking its balance sheet -- a process known as quantitative tightening, or QT -- earlier this year. Now it's accelerating the process, as planned, and it's making some market watchers nervous.</p><p>A lack of historical experience around the process is raising the uncertainty level. Meanwhile, research that increasingly credits quantitative easing, or QE, with giving asset prices a lift logically points to the potential for QT to do the opposite.</p><p>Since 2010, QE has explained about 50% of the movement in market price-to-earnings multiples, said Savita Subramanian, equity and quant strategist at Bank of America, in an Aug. 15 research note (see chart below).</p><p><img src=\"https://static.tigerbbs.com/c7ba2d5fe717396f178495c88a6ba8f6\" tg-width=\"700\" tg-height=\"748\" width=\"100%\" height=\"auto\"/></p><p>"Based on the strong linear relationship between QE and S&P 500 returns from 2010 to 2019, QT through 2023 would translate into a 7 percentage-point drop in the S&P 500 from here," she wrote.</p><p>In quantitative easing, a central bank creates credit that's used to buy securities on the open market. Purchases of long-dated bonds are intended to drive down yields, which is seen enhancing appetite for risky assets as investors look elsewhere for higher returns. QE creates new reserves on bank balance sheets. The added cushion gives banks, which must hold reserves in line with regulations, more room to lend or to finance trading activity by hedge funds and other financial market participants, further enhancing market liquidity.</p><p>The way to think about the relationship between QE and equities is to note that as central banks undertake QE, it raises forward earnings expectations. That, in turn, lowers the equity risk premium, which is the extra return investors demand to hold risky equities over safe Treasurys, noted PGM Global's Garrib. Investors are willing to venture further out on the risk curve, he said, which explains the surge in earnings-free "dream stocks" and other highly speculative assets amid the QE flood as the economy and stock market recovered from the pandemic in 2021.</p><p>However, with the economy recovering and inflation rising the Fed began shrinking its balance sheet in June, and is doubling the pace in September to its maximum rate of $95 billion per month. This will be accomplished by letting $60 billion of Treasurys and $35 billion of mortgage backed securities roll off the balance sheet without reinvestment. At that pace, the balance sheet could shrink by $1 trillion in a year.</p><p>The unwinding of the Fed's balance sheet that began in 2017 after the economy had long recovered from the 2008-2009 crisis was supposed to be as exciting as "watching paint dry," then-Federal Reserve Chairwoman Janet Yellen said at the time. It was a ho-hum affair until the fall of 2019, when the Fed had to inject cash into malfunctioning money markets. QE then resumed in 2020 in response to the COVID-19 pandemic.</p><p>More economists and analysts have been ringing alarm bells over the possibility of a repeat of the 2019 liquidity crunch.</p><p>"If the past repeats, the shrinking of the central bank's balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector's on-and off-balance sheet demandable liabilities," warned Raghuram Rajan, former governor of the Reserve Bank of India and former chief economist at the International Monetary Fund, and other researchers in a paper presented at the Kansas City Fed's annual symposium in Jackson Hole, Wyoming, last month.</p><p>Hedge-fund giant Bridgewater Associates in June warned that QT was contributing to a "liquidity hole" in the bond market.</p><p>The slow pace of the wind-down so far and the composition of the balance-sheet reduction have muted the effect of QT so far, but that's set to change, Garrib said.</p><p>He noted that QT is usually described in the context of the asset side of the Fed's balance sheet, but it's the liability side that matters to financial markets. And so far, reductions in Fed liabilities have been concentrated in the Treasury General Account, or TGA, which effectively serves as the government's checking account.</p><p>That's actually served to improve market liquidity he explained, as it means the government has been spending money to pay for goods and services. It won't last.</p><p>The Treasury plans to increase debt issuance in coming months, which will boost the size of the TGA. The Fed will actively redeem T-bills when coupon maturities aren't sufficient to meet their monthly balance sheet reductions as part of QT, Garrib said.</p><p>The Treasury will be effectively taking money out of economy and putting it into the government's checking account -- a net drag -- as it issues more debt. That will put more pressure on the private sector to absorb those Treasurys, which means less money to put into other assets, he said.</p><p>The worry for stock-market investors is that high inflation means the Fed won't have the ability to pivot on a dime as it did during past periods of market stress, said Garrib, who argued that the tightening by the Fed and other major central banks could set up the stock market for a test of the June lows in a drop that could go "significantly below" those levels.</p><p>The main takeaway, he said, is "don't fight the Fed on the way up and don't fight the Fed on the way down."</p><p>Stocks ended higher on Friday, with the Dow Jones Industrial Average , S&P 500 and Nasdaq Composite snapping a three-week run of weekly losses.</p><p>The highlight of the week ahead will likely come on Tuesday, with the release of the August consumer-price index, which will be parsed for signs inflation is heading back down.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266390451","content_text":"Quantitative easing is credited with juicing equity returns and boosting other speculative assets by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds after the financial crisis and amid the coronavirus pandemic. Investors and policy makers may be underestimating what happens as the tide goes out.\"I don't know if the Fed or anybody else truly understands the impact of QT just yet,\" said Aidan Garrib, head of global macro strategy and research at Montreal-based PGM Global, in a phone interview.The Fed, in fact, began slowly shrinking its balance sheet -- a process known as quantitative tightening, or QT -- earlier this year. Now it's accelerating the process, as planned, and it's making some market watchers nervous.A lack of historical experience around the process is raising the uncertainty level. Meanwhile, research that increasingly credits quantitative easing, or QE, with giving asset prices a lift logically points to the potential for QT to do the opposite.Since 2010, QE has explained about 50% of the movement in market price-to-earnings multiples, said Savita Subramanian, equity and quant strategist at Bank of America, in an Aug. 15 research note (see chart below).\"Based on the strong linear relationship between QE and S&P 500 returns from 2010 to 2019, QT through 2023 would translate into a 7 percentage-point drop in the S&P 500 from here,\" she wrote.In quantitative easing, a central bank creates credit that's used to buy securities on the open market. Purchases of long-dated bonds are intended to drive down yields, which is seen enhancing appetite for risky assets as investors look elsewhere for higher returns. QE creates new reserves on bank balance sheets. The added cushion gives banks, which must hold reserves in line with regulations, more room to lend or to finance trading activity by hedge funds and other financial market participants, further enhancing market liquidity.The way to think about the relationship between QE and equities is to note that as central banks undertake QE, it raises forward earnings expectations. That, in turn, lowers the equity risk premium, which is the extra return investors demand to hold risky equities over safe Treasurys, noted PGM Global's Garrib. Investors are willing to venture further out on the risk curve, he said, which explains the surge in earnings-free \"dream stocks\" and other highly speculative assets amid the QE flood as the economy and stock market recovered from the pandemic in 2021.However, with the economy recovering and inflation rising the Fed began shrinking its balance sheet in June, and is doubling the pace in September to its maximum rate of $95 billion per month. This will be accomplished by letting $60 billion of Treasurys and $35 billion of mortgage backed securities roll off the balance sheet without reinvestment. At that pace, the balance sheet could shrink by $1 trillion in a year.The unwinding of the Fed's balance sheet that began in 2017 after the economy had long recovered from the 2008-2009 crisis was supposed to be as exciting as \"watching paint dry,\" then-Federal Reserve Chairwoman Janet Yellen said at the time. It was a ho-hum affair until the fall of 2019, when the Fed had to inject cash into malfunctioning money markets. QE then resumed in 2020 in response to the COVID-19 pandemic.More economists and analysts have been ringing alarm bells over the possibility of a repeat of the 2019 liquidity crunch.\"If the past repeats, the shrinking of the central bank's balance sheet is not likely to be an entirely benign process and will require careful monitoring of the banking sector's on-and off-balance sheet demandable liabilities,\" warned Raghuram Rajan, former governor of the Reserve Bank of India and former chief economist at the International Monetary Fund, and other researchers in a paper presented at the Kansas City Fed's annual symposium in Jackson Hole, Wyoming, last month.Hedge-fund giant Bridgewater Associates in June warned that QT was contributing to a \"liquidity hole\" in the bond market.The slow pace of the wind-down so far and the composition of the balance-sheet reduction have muted the effect of QT so far, but that's set to change, Garrib said.He noted that QT is usually described in the context of the asset side of the Fed's balance sheet, but it's the liability side that matters to financial markets. And so far, reductions in Fed liabilities have been concentrated in the Treasury General Account, or TGA, which effectively serves as the government's checking account.That's actually served to improve market liquidity he explained, as it means the government has been spending money to pay for goods and services. It won't last.The Treasury plans to increase debt issuance in coming months, which will boost the size of the TGA. The Fed will actively redeem T-bills when coupon maturities aren't sufficient to meet their monthly balance sheet reductions as part of QT, Garrib said.The Treasury will be effectively taking money out of economy and putting it into the government's checking account -- a net drag -- as it issues more debt. That will put more pressure on the private sector to absorb those Treasurys, which means less money to put into other assets, he said.The worry for stock-market investors is that high inflation means the Fed won't have the ability to pivot on a dime as it did during past periods of market stress, said Garrib, who argued that the tightening by the Fed and other major central banks could set up the stock market for a test of the June lows in a drop that could go \"significantly below\" those levels.The main takeaway, he said, is \"don't fight the Fed on the way up and don't fight the Fed on the way down.\"Stocks ended higher on Friday, with the Dow Jones Industrial Average , S&P 500 and Nasdaq Composite snapping a three-week run of weekly losses.The highlight of the week ahead will likely come on Tuesday, with the release of the August consumer-price index, which will be parsed for signs inflation is heading back down.","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9077086626,"gmtCreate":1658441285465,"gmtModify":1676536157143,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"didn't know NTUC is a big landlord in SG","listText":"didn't know NTUC is a big landlord in SG","text":"didn't know NTUC is a big landlord in SG","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9077086626","repostId":"1127515553","repostType":4,"repost":{"id":"1127515553","pubTimestamp":1658415210,"share":"https://ttm.financial/m/news/1127515553?lang=&edition=fundamental","pubTime":"2022-07-21 22:53","market":"sg","language":"en","title":"Capitaland, Link REIT Are Vying for $3 Billion Singapore Malls","url":"https://stock-news.laohu8.com/highlight/detail?id=1127515553","media":"Bloomberg","summary":"CICT reaching out for financing; Link working with adviserMall assets also draw interest from Fraser","content":"<html><head></head><body><ul><li>CICT reaching out for financing; Link working with adviser</li><li>Mall assets also draw interest from Frasers Property</li></ul><p>Capitaland Integrated Commercial Trust and Link Real Estate Investment Trust are among bidders vying for NTUC Enterprise Co-operative Ltd.’s S$4 billion ($2.9 billion) portfolio of shopping malls in Singapore, people with knowledge of the matter said.</p><p>CICT is sounding out sources of financing for the prospective transaction, while Hong Kong’s Link REIT is working with an adviser on a potential bid, said the people, who asked not to be identified as the information is private.</p><p>The assets are also drawing interest from other players in Singapore including Frasers Property Ltd., the people said. Non-binding bids are due by the end of this month, they added.</p><p>Mercatus Co-operative Ltd., a unit of NTUC that holds the properties, is working with a financial adviser on the potential sale, Bloomberg News reported last month. The company later confirmed it’s conducting a strategic review of some of its real estate assets. Mercatus manages assets worth more than S$10 billion in Singapore and Sydney and is one of the largest mall owners by floor space in the city-state, according to its website.</p><p>Mercatus owns and runs the AMK Hub, Jurong Point and Swing By @ Thomson Plaza, and co-owns NEX. The company also has strata-titled assets within retail malls and at sites in various locations across Singapore, and One Marina Boulevard, a 31-story office building.</p><p>Deliberations are ongoing and the companies could decide not to proceed with offers, the people said. CICT regularly holds discussions with other parties and evaluate possible opportunities, its representative said in response to a Bloomberg News query, adding the company will make appropriate announcements should there be any material developments. Representatives for Frasers Property, Link REIT and Mercatus declined to comment.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Capitaland, Link REIT Are Vying for $3 Billion Singapore Malls</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\">\nCapitaland, Link REIT Are Vying for $3 Billion Singapore Malls\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-21 22:53 GMT+8 <a href=https://www.bloomberg.com/news/articles/2022-07-21/capitaland-link-reit-said-to-vie-for-3-billion-singapore-malls?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CICT reaching out for financing; Link working with adviserMall assets also draw interest from Frasers PropertyCapitaland Integrated Commercial Trust and Link Real Estate Investment Trust are among ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-21/capitaland-link-reit-said-to-vie-for-3-billion-singapore-malls?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"9CI.SI":"凯德投资","00823":"领展房产基金"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-21/capitaland-link-reit-said-to-vie-for-3-billion-singapore-malls?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127515553","content_text":"CICT reaching out for financing; Link working with adviserMall assets also draw interest from Frasers PropertyCapitaland Integrated Commercial Trust and Link Real Estate Investment Trust are among bidders vying for NTUC Enterprise Co-operative Ltd.’s S$4 billion ($2.9 billion) portfolio of shopping malls in Singapore, people with knowledge of the matter said.CICT is sounding out sources of financing for the prospective transaction, while Hong Kong’s Link REIT is working with an adviser on a potential bid, said the people, who asked not to be identified as the information is private.The assets are also drawing interest from other players in Singapore including Frasers Property Ltd., the people said. Non-binding bids are due by the end of this month, they added.Mercatus Co-operative Ltd., a unit of NTUC that holds the properties, is working with a financial adviser on the potential sale, Bloomberg News reported last month. The company later confirmed it’s conducting a strategic review of some of its real estate assets. Mercatus manages assets worth more than S$10 billion in Singapore and Sydney and is one of the largest mall owners by floor space in the city-state, according to its website.Mercatus owns and runs the AMK Hub, Jurong Point and Swing By @ Thomson Plaza, and co-owns NEX. The company also has strata-titled assets within retail malls and at sites in various locations across Singapore, and One Marina Boulevard, a 31-story office building.Deliberations are ongoing and the companies could decide not to proceed with offers, the people said. CICT regularly holds discussions with other parties and evaluate possible opportunities, its representative said in response to a Bloomberg News query, adding the company will make appropriate announcements should there be any material developments. Representatives for Frasers Property, Link REIT and Mercatus declined to comment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9061561522,"gmtCreate":1651645314324,"gmtModify":1676534941933,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"sell what Cathie Wood buys to get $2000 in a shorter time.","listText":"sell what Cathie Wood buys to get $2000 in a shorter time.","text":"sell what Cathie Wood buys to get $2000 in a shorter time.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9061561522","repostId":"2231122550","repostType":4,"repost":{"id":"2231122550","pubTimestamp":1651626072,"share":"https://ttm.financial/m/news/2231122550?lang=&edition=fundamental","pubTime":"2022-05-04 09:01","market":"us","language":"en","title":"Want $2,000 in Passive Income? Invest $10,000 in This Cathie Wood Dividend Stock and Wait 5 Years","url":"https://stock-news.laohu8.com/highlight/detail?id=2231122550","media":"Motley Fool","summary":"This dividend stock is one of the few holdings that Cathie Wood and Warren Buffett have in common.","content":"<html><head></head><body><p>Cathie Wood and Warren Buffett could be thought of as representing different ends of the investing spectrum. Wood has made her name betting on hyper-growth companies with an eye to the future. Meanwhile, Buffett is best known as a value-investing guru.</p><p>As such, it shouldn't come as much of a surprise that Wood's Ark Invest and Buffett's <b>Berkshire Hathaway </b>don't share too many holdings in common. There are some rare exceptions, however. Read on for a look at a healthcare-sector leader backed by Buffett and Wood that pays a substantial dividend and stands out as a worthwhile buy for investors seeking passive income.</p><h2>This pharma giant is broadening its horizon</h2><p><b>AbbVie</b> is a pharmaceutical company with a current market capitalization of roughly $254 billion. The business is best-known for its Humira drug, which is a monoclonal antibody used to treat rheumatoid arthritis, ulcerative colitis, Crohn's disease, and a variety of other conditions. Humira has been the best-selling drug in the world for most of the last decade; it recorded roughly $17.3 billion in sales for AbbVie last year, and it's helped fuel stellar growth for the company.</p><p><img src=\"https://static.tigerbbs.com/26c2fda0a6bb43973e584e9ea2f084d4\" tg-width=\"700\" tg-height=\"394\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Image source: AbbVie.</p><p>While Humira accounted for roughly 31% of the company's sales last year, AbbVie has been diversifying its portfolio in preparation for the rising competition from biosimilars and the eventual expiration of most of the patents on the drug in 2034.</p><p>Outside of Humira, the company's immunology segment is poised to benefit from ramping sales for its Skyrizi and Rinvoq drugs with expectations that combined sales will grow roughly 226% from 2021 to reach more than $15 billion in 2025. In addition to its core immunology business, the company has products in the hematologic oncology, neurology, and aesthetics categories.</p><p>The company also has a leading position in the eye-care segment, and it's aiming to continue building on its portfolio for the treatment of glaucoma and dry eye. In addition to these initiatives, the company is gearing up to launch its Vuity drug for the treatment of presbyopia, establish a strong position in the treatment of retinal diseases, and build a pipeline of novel new products to address other needs that are significantly unmet in the eye-care market.</p><h2>Great for investors seeking passive income</h2><p>Thanks to strong business performance, AbbVie has been able to boost its dividend at an impressive clip.</p><p><img src=\"https://static.tigerbbs.com/5e3b3cd3485d4977922c0ae4626113b6\" tg-width=\"720\" tg-height=\"433\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>ABBV Dividend data by YCharts.</p><p>AbbVie has increased its dividend payout each year since its spinoff from <b>Abbott Laboratories</b> was completed in 2013, and the company has raised its payout more than 250% across that stretch. The stock already sports a chunky 4% dividend yield, but based on the pharma giant's payout growth history, there's a good chance investors will actually generate substantially more than the roughly $2,000 in passive income across a five-year stretch with a $10,000 initial investment at today's prices.</p><p>Based on the current yield, reinvesting your dividends would net you an extra 2.8 shares of AbbVie by next year if you bought $10,000 in stock today -- even if the company opted to break its payout growth streak. From there, those new shares added would also generate dividend payments, setting up a compounding effect. Combined with the potential for capital appreciation, rolling the dividend payments over to reinvest in the stock presents another way investors could wind up generating significantly more than $2,000 from AbbVie's dividend over the next five years.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Want $2,000 in Passive Income? Invest $10,000 in This Cathie Wood Dividend Stock and Wait 5 Years</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\">\nWant $2,000 in Passive Income? Invest $10,000 in This Cathie Wood Dividend Stock and Wait 5 Years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-04 09:01 GMT+8 <a href=https://www.fool.com/investing/2022/04/30/want-2000-passive-income-invest-10000-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood and Warren Buffett could be thought of as representing different ends of the investing spectrum. Wood has made her name betting on hyper-growth companies with an eye to the future. ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/04/30/want-2000-passive-income-invest-10000-stock/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.fool.com/investing/2022/04/30/want-2000-passive-income-invest-10000-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2231122550","content_text":"Cathie Wood and Warren Buffett could be thought of as representing different ends of the investing spectrum. Wood has made her name betting on hyper-growth companies with an eye to the future. Meanwhile, Buffett is best known as a value-investing guru.As such, it shouldn't come as much of a surprise that Wood's Ark Invest and Buffett's Berkshire Hathaway don't share too many holdings in common. There are some rare exceptions, however. Read on for a look at a healthcare-sector leader backed by Buffett and Wood that pays a substantial dividend and stands out as a worthwhile buy for investors seeking passive income.This pharma giant is broadening its horizonAbbVie is a pharmaceutical company with a current market capitalization of roughly $254 billion. The business is best-known for its Humira drug, which is a monoclonal antibody used to treat rheumatoid arthritis, ulcerative colitis, Crohn's disease, and a variety of other conditions. Humira has been the best-selling drug in the world for most of the last decade; it recorded roughly $17.3 billion in sales for AbbVie last year, and it's helped fuel stellar growth for the company.Image source: AbbVie.While Humira accounted for roughly 31% of the company's sales last year, AbbVie has been diversifying its portfolio in preparation for the rising competition from biosimilars and the eventual expiration of most of the patents on the drug in 2034.Outside of Humira, the company's immunology segment is poised to benefit from ramping sales for its Skyrizi and Rinvoq drugs with expectations that combined sales will grow roughly 226% from 2021 to reach more than $15 billion in 2025. In addition to its core immunology business, the company has products in the hematologic oncology, neurology, and aesthetics categories.The company also has a leading position in the eye-care segment, and it's aiming to continue building on its portfolio for the treatment of glaucoma and dry eye. In addition to these initiatives, the company is gearing up to launch its Vuity drug for the treatment of presbyopia, establish a strong position in the treatment of retinal diseases, and build a pipeline of novel new products to address other needs that are significantly unmet in the eye-care market.Great for investors seeking passive incomeThanks to strong business performance, AbbVie has been able to boost its dividend at an impressive clip.ABBV Dividend data by YCharts.AbbVie has increased its dividend payout each year since its spinoff from Abbott Laboratories was completed in 2013, and the company has raised its payout more than 250% across that stretch. The stock already sports a chunky 4% dividend yield, but based on the pharma giant's payout growth history, there's a good chance investors will actually generate substantially more than the roughly $2,000 in passive income across a five-year stretch with a $10,000 initial investment at today's prices.Based on the current yield, reinvesting your dividends would net you an extra 2.8 shares of AbbVie by next year if you bought $10,000 in stock today -- even if the company opted to break its payout growth streak. From there, those new shares added would also generate dividend payments, setting up a compounding effect. Combined with the potential for capital appreciation, rolling the dividend payments over to reinvest in the stock presents another way investors could wind up generating significantly more than $2,000 from AbbVie's dividend over the next five years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":10,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9060384852,"gmtCreate":1651103407527,"gmtModify":1676534849310,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"All eyes on Apple now. The last one from FAANG.","listText":"All eyes on Apple now. The last one from FAANG.","text":"All eyes on Apple now. The last one from FAANG.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9060384852","repostId":"1164859165","repostType":4,"repost":{"id":"1164859165","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":1651100840,"share":"https://ttm.financial/m/news/1164859165?lang=&edition=fundamental","pubTime":"2022-04-28 07:07","market":"us","language":"en","title":"Meta Shares Surge 18% After Facebook Ekes Out User Growth","url":"https://stock-news.laohu8.com/highlight/detail?id=1164859165","media":"Reuters","summary":"(Reuters) - Facebook rebounded from a drop in users early this year and its parent Meta posted a pr","content":"<html><head></head><body><p>(Reuters) - Facebook rebounded from a drop in users early this year and its parent <a href=\"https://laohu8.com/S/FB\">Meta </a> posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 18%.</p><p>Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.</p><p>Its stock rose over 18% in after-hours trade on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/0712bddf11838c263ab421e4fb49c365\" tg-width=\"933\" tg-height=\"671\" referrerpolicy=\"no-referrer\"/></p><p>Meta's profit soundly beat Wall Street targets at $2.72 per share, compared with an average analyst estimate of $2.56, according to IBES data from Refinitiv. The earning beats were tempered by Meta recording its slowest revenue growth in a decade.</p><p>Facebook daily active users (DAU), a key metric for advertisers, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv. Monthly active users came in at 2.94 billion, missing Wall Street estimates by 30 million.</p><p>Meta has lost about half of its value since the start of the year, after a dismal February earnings report when Facebook's daily active users declined for the first time and it forecast a gloomy quarter, blaming ongoing factors including <a href=\"https://laohu8.com/S/AAPL\">Apple</a>'s privacy changes and increased competition from platforms like ByteDance's TikTok.</p><p>"It's good news that Meta somehow managed to eke out growth in DAU. It needed to show some sort of turnaround from last quarter's performance," Insider Intelligence analyst Debra Williamson said.</p><p>"However, growth in monthly active users is slowing quickly. A few quarters ago it could count on developing markets to keep the growth engine going but it's likely that even these high-growth opportunities are starting to dry up," she said.</p><p>Total revenue, the bulk of which comes from ad sales, rose 7% to $27.91 billion in the first quarter, but missed analysts' estimates of $28.20 billion, according to IBES data from Refinitiv.</p><p>In a conference call with analysts on Wednesday, Chief Financial Officer Dave Wehner cited factors including a slowdown in ecommerce after rapid growth during the COVID-19 pandemic, as well as a loss of revenue in Russia and reduced ad demand amid global economic uncertainty.</p><p>Russia banned Facebook and Instagram in March, finding Meta guilty of "extremist activity" amid Moscow's crackdown on social media during its invasion of Ukraine. Meta's messaging service WhatsApp is not affected by the ban. Meta has also barred advertisers in Russia from creating and running ads anywhere in the world.</p><p>Meta forecast second-quarter revenue between $28 billion and $30 billion. Analysts on average were expecting current-quarter revenue of $30.63 billion. The company said its outlook reflected factors including the war in Ukraine and said it was monitoring the potential impact of regulatory moves in Europe.</p><p>Recent earnings reports from Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc </a> and <a href=\"https://laohu8.com/S/SNAP\">Snap Inc </a> have signaled the impact of the global economic turmoil on digital ads spending, amid rising inflation and geopolitical uncertainty.</p><p>"I think following Google, expectations were just for the absolute worst," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. "When they came in with EPS above estimates, I think people who had shorted the stock and those that had...given up on it decided to come back in."</p><p>Meta lowered its expected 2022 total expenses to between $87 billion and $92 billion, down from its prior outlook of $90 billion to $95 billion.</p><p>Meta saw quarterly revenue of $695 million for its Reality Labs hardware division, which is home to its augmented and virtual reality efforts. It reported $3 billion in losses from operations from these metaverse ambitions.</p><p>The company has warned it will take billions of dollars and multiple years to realize its aims around building the metaverse, a futuristic idea of virtual environments where users can work, socialize and play.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta Shares Surge 18% After Facebook Ekes Out User Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta Shares Surge 18% After Facebook Ekes Out User Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-04-28 07:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Facebook rebounded from a drop in users early this year and its parent <a href=\"https://laohu8.com/S/FB\">Meta </a> posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 18%.</p><p>Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.</p><p>Its stock rose over 18% in after-hours trade on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/0712bddf11838c263ab421e4fb49c365\" tg-width=\"933\" tg-height=\"671\" referrerpolicy=\"no-referrer\"/></p><p>Meta's profit soundly beat Wall Street targets at $2.72 per share, compared with an average analyst estimate of $2.56, according to IBES data from Refinitiv. The earning beats were tempered by Meta recording its slowest revenue growth in a decade.</p><p>Facebook daily active users (DAU), a key metric for advertisers, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv. Monthly active users came in at 2.94 billion, missing Wall Street estimates by 30 million.</p><p>Meta has lost about half of its value since the start of the year, after a dismal February earnings report when Facebook's daily active users declined for the first time and it forecast a gloomy quarter, blaming ongoing factors including <a href=\"https://laohu8.com/S/AAPL\">Apple</a>'s privacy changes and increased competition from platforms like ByteDance's TikTok.</p><p>"It's good news that Meta somehow managed to eke out growth in DAU. It needed to show some sort of turnaround from last quarter's performance," Insider Intelligence analyst Debra Williamson said.</p><p>"However, growth in monthly active users is slowing quickly. A few quarters ago it could count on developing markets to keep the growth engine going but it's likely that even these high-growth opportunities are starting to dry up," she said.</p><p>Total revenue, the bulk of which comes from ad sales, rose 7% to $27.91 billion in the first quarter, but missed analysts' estimates of $28.20 billion, according to IBES data from Refinitiv.</p><p>In a conference call with analysts on Wednesday, Chief Financial Officer Dave Wehner cited factors including a slowdown in ecommerce after rapid growth during the COVID-19 pandemic, as well as a loss of revenue in Russia and reduced ad demand amid global economic uncertainty.</p><p>Russia banned Facebook and Instagram in March, finding Meta guilty of "extremist activity" amid Moscow's crackdown on social media during its invasion of Ukraine. Meta's messaging service WhatsApp is not affected by the ban. Meta has also barred advertisers in Russia from creating and running ads anywhere in the world.</p><p>Meta forecast second-quarter revenue between $28 billion and $30 billion. Analysts on average were expecting current-quarter revenue of $30.63 billion. The company said its outlook reflected factors including the war in Ukraine and said it was monitoring the potential impact of regulatory moves in Europe.</p><p>Recent earnings reports from Google parent <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc </a> and <a href=\"https://laohu8.com/S/SNAP\">Snap Inc </a> have signaled the impact of the global economic turmoil on digital ads spending, amid rising inflation and geopolitical uncertainty.</p><p>"I think following Google, expectations were just for the absolute worst," said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. "When they came in with EPS above estimates, I think people who had shorted the stock and those that had...given up on it decided to come back in."</p><p>Meta lowered its expected 2022 total expenses to between $87 billion and $92 billion, down from its prior outlook of $90 billion to $95 billion.</p><p>Meta saw quarterly revenue of $695 million for its Reality Labs hardware division, which is home to its augmented and virtual reality efforts. It reported $3 billion in losses from operations from these metaverse ambitions.</p><p>The company has warned it will take billions of dollars and multiple years to realize its aims around building the metaverse, a futuristic idea of virtual environments where users can work, socialize and play.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164859165","content_text":"(Reuters) - Facebook rebounded from a drop in users early this year and its parent Meta posted a profit ahead of Wall Street targets, defying low investor expectations with a quarterly report that sent shares up 18%.Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.Its stock rose over 18% in after-hours trade on Wednesday.Meta's profit soundly beat Wall Street targets at $2.72 per share, compared with an average analyst estimate of $2.56, according to IBES data from Refinitiv. The earning beats were tempered by Meta recording its slowest revenue growth in a decade.Facebook daily active users (DAU), a key metric for advertisers, were 1.96 billion, slightly higher than the estimate of 1.95 billion, according to IBES data from Refinitiv. Monthly active users came in at 2.94 billion, missing Wall Street estimates by 30 million.Meta has lost about half of its value since the start of the year, after a dismal February earnings report when Facebook's daily active users declined for the first time and it forecast a gloomy quarter, blaming ongoing factors including Apple's privacy changes and increased competition from platforms like ByteDance's TikTok.\"It's good news that Meta somehow managed to eke out growth in DAU. It needed to show some sort of turnaround from last quarter's performance,\" Insider Intelligence analyst Debra Williamson said.\"However, growth in monthly active users is slowing quickly. A few quarters ago it could count on developing markets to keep the growth engine going but it's likely that even these high-growth opportunities are starting to dry up,\" she said.Total revenue, the bulk of which comes from ad sales, rose 7% to $27.91 billion in the first quarter, but missed analysts' estimates of $28.20 billion, according to IBES data from Refinitiv.In a conference call with analysts on Wednesday, Chief Financial Officer Dave Wehner cited factors including a slowdown in ecommerce after rapid growth during the COVID-19 pandemic, as well as a loss of revenue in Russia and reduced ad demand amid global economic uncertainty.Russia banned Facebook and Instagram in March, finding Meta guilty of \"extremist activity\" amid Moscow's crackdown on social media during its invasion of Ukraine. Meta's messaging service WhatsApp is not affected by the ban. Meta has also barred advertisers in Russia from creating and running ads anywhere in the world.Meta forecast second-quarter revenue between $28 billion and $30 billion. Analysts on average were expecting current-quarter revenue of $30.63 billion. The company said its outlook reflected factors including the war in Ukraine and said it was monitoring the potential impact of regulatory moves in Europe.Recent earnings reports from Google parent Alphabet Inc and Snap Inc have signaled the impact of the global economic turmoil on digital ads spending, amid rising inflation and geopolitical uncertainty.\"I think following Google, expectations were just for the absolute worst,\" said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey. \"When they came in with EPS above estimates, I think people who had shorted the stock and those that had...given up on it decided to come back in.\"Meta lowered its expected 2022 total expenses to between $87 billion and $92 billion, down from its prior outlook of $90 billion to $95 billion.Meta saw quarterly revenue of $695 million for its Reality Labs hardware division, which is home to its augmented and virtual reality efforts. It reported $3 billion in losses from operations from these metaverse ambitions.The company has warned it will take billions of dollars and multiple years to realize its aims around building the metaverse, a futuristic idea of virtual environments where users can work, socialize and play.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9923777845,"gmtCreate":1670927710588,"gmtModify":1676538461095,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","listText":"<a href=\"https://ttm.financial/S/HST.SI\">$LION-OCBC HSTECH ETF S$(HST.SI)$ </a>","text":"$LION-OCBC HSTECH ETF S$(HST.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9923777845","isVote":1,"tweetType":1,"viewCount":550,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963311256,"gmtCreate":1668591308175,"gmtModify":1676538081260,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ </a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$ </a><v-v data-views=\"0\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9963311256","isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9917771359,"gmtCreate":1665612356471,"gmtModify":1676537633932,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/NVDA\">$NVIDIA Corp(NVDA)$</a><v-v data-views=\"0\"></v-v>","text":"$NVIDIA Corp(NVDA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9917771359","isVote":1,"tweetType":1,"viewCount":3,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9995364783,"gmtCreate":1661412671244,"gmtModify":1676536514228,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"latest","listText":"latest","text":"latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9995364783","repostId":"1138815529","repostType":4,"repost":{"id":"1138815529","pubTimestamp":1661411725,"share":"https://ttm.financial/m/news/1138815529?lang=&edition=fundamental","pubTime":"2022-08-25 15:15","market":"us","language":"en","title":"Amazon Vs. Microsoft: Who Would Feel More Pain From Inflation Reduction Act?","url":"https://stock-news.laohu8.com/highlight/detail?id=1138815529","media":"Seeking Alpha","summary":"SummaryPresident Biden just signed the Inflation Reduction Act (“IRA”) into law, and the act will cr","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>President Biden just signed the Inflation Reduction Act (“IRA”) into law, and the act will create widespread impacts on U.S. corporations.</li><li>For large corporations like the FAAMG, direct impacts will come from both the tax law changes and also the 1% stock buybacks tax.</li><li>Different companies will feel a different mix of these impacts, and this article examines two representative examples at each extreme of the spectrum.</li><li>The impact on Microsoft would primarily be through the 1% stock buybacks tax and through tax changes on Amazon.</li><li>Furthermore, Amazon would likely feel far more impact than Microsoft.</li></ul><p><b>Thesis</b></p><p>President Biden just signed the Inflation Reduction Act(“IRA”) into law. It is a major act that would create impacts for many of us – both in investing and beyond, and I highly encourage you to take a look and see how you might be impacted. In this article, I will focus on its potential impact on our investment decisions, especially on large corporations such as the FAAMG stocks.</p><p>The most direct ways that the IRA will impact these large-cap stocks are through the changes in the tax codes and also the 1% tax charged on share repurchases. The gist of the tax code change is a 15% minimum tax on corporate profits. The IRA will also plug some tax loopholes and enable the IRS for better enforcement. The 1% tax on stock buybacks is quite self-explaining and straightforward. As a background, overachievers like the FAAMG have created totally new business models that have generated unprecedented profits (to enable share repurchases at a sizable scale), and also at the same time new leeway to reduce their tax burdens. As a result, all of them will be impacted by the IRA in both ways. Although the mix of impacts will be different for each and every one of them.</p><p>Thus, it is the goal of this article to examine two representative examples at each extreme of the spectrum: Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT). You will see in the remainder of this article detailed analyses of the impacts AMZN and MSFT are expected to feel from the IRA. And you will also see that conclusions are: A) AMZN’s impact will primarily come from the tax code changes; B) MSFT’s impact will primarily come from the 1% buyback taxes; and C) the impact on AMZN is anticipated to be much larger than that on MSFT.</p><p>Even though the analyses are specific to AMZN and MSFT, I believe the observations and methods are applicable (or easily extendable) to other large-cap stocks.</p><p><b>Recap of Inflation Reduction Act</b></p><p>The main components of the act are summarized below. As seen, the two parts that are of direct relevance to today’s topic are the 15% Corporate Minimum Tax and the 1% Stock Buybacks Fee. The former is expected to generate an aggregated impact of $222 billion, and the latter $74 billion. For readers interested in other sectors and stocks, the largest items in the IRA would actually come from the drug pricing reform (a total of $265 billion impact) and the investments in energy security and climate change (a total of $369 billion impact). We have just written an analysis of the impact of the drug pricing reform on the healthcare sector, and our research on the energy and infrastructure sector is ongoing.</p><p><img src=\"https://static.tigerbbs.com/2a81b60e2a1719ba75e83f6605e56854\" tg-width=\"640\" tg-height=\"294\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Source: democrats.senate.gov</p><p><b>AMZN and MSFT’s past taxes</b></p><p>Let’s first examine the impact of the 15% minimum taxes. It is public knowledge that the wealthy has more means (and can better afford them) to reduce their tax burdens than average taxpayers like you and me. However, even among the super richest, they avoid taxes to a different degree, as I will illustrate here by the MSFT and AMZN comparison.</p><p>As you can see from the following chart, on the surface, both MSFT and AMZN have been paying taxes at about the same effective rates over the years. To wit, the effective tax rates for MSFT have fluctuated in the past 3 years between 10.0% and 16.5% with an average of 12.94%. And its current rate of 13.1% is on par with the average, just slightly higher. Similarly, AMZN’s effective tax rates showed some fluctuations in the past 3 years, too, and its average has been 12.6%, almost identical to MSFT’s 12.9%.</p><p><img src=\"https://static.tigerbbs.com/5650436ad8d5e478e5e00d9d3a10ce44\" tg-width=\"640\" tg-height=\"408\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>However, the above tax RATES could be misleading because different companies have different deductions and exemptions available to them and/or apply these deductions with different degrees of aggressiveness. As a result, a large amount of earnings could be deducted, and the total amount of taxes could be reduced even when the tax rates are the same. As you can see from the next chart below, in terms of the absolute dollar amount of their taxes, MSFT has been paying on average more than 2x than AMZN over the recent few years. Take 2021 as a specific example. MSFT paid a total of $9.8B for its taxes and AMZN paid a total of $2.8B, less than 1/3 of that MSFT paid. However, MSFT and AMZN had about the same amount of operating cash flow that year ($76B for MSFT and $66B for AMZN).</p><p>Based on this, we will estimate the tax impact on AMZN from the IRA next.</p><p><img src=\"https://static.tigerbbs.com/d0bb3fd8fae38166adb17416239253d8\" tg-width=\"640\" tg-height=\"283\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p><b>AMZN’s future taxes</b></p><p>I am not going to pretend to be an expert on high-profile corporate taxes. But based on the analyses above, I am quite confident that AMZN will feel more impact on the tax code changes than MSFT. To put the above numbers under perspective, the next chart shows their taxes as a fraction of their operating cash flow (which is harder to hide than earnings). And you can clearly see that AMZN’s taxes have been on average 5.6% of its operating cash flow, only about ½ of what MSFT has been paying on average (about 11.7%).</p><p>Since I am not an expert, let me rely on the estimate from people with more expertise here. According to thisITEPestimate, if AMZN had paid the statutory tax rate of 21% in 2021 without any tax breaks, its total taxes would have been ~$7.3 billion instead of the $2.8 billion we just mentioned.</p><p>So going forward, assuming the IRA has removed the loopholes so AMZN would have to pay the 21% statutory tax rate, then AMZN’s taxes would increase by about $4.5B for a year like 2021. Even if it only pays a tax rate of 15% (the minimum required by the IRA), its taxes would be about $5.7B, an increase of about $2.9B before the IRA.</p><p>To put an increased tax provision of $2.9B to $4.5B into perspective, AMZN’s net earnings have been about $60B to $70B in recent years. So the additional taxes would reduce its earnings by about 4% to 6%, not a life-or-death difference, but not negligible either.</p><p>And next, we will see this impact is much larger than the impact I anticipate for MSFT.</p><p><img src=\"https://static.tigerbbs.com/f37f28b41eda7196af9fcb0e8a5f202e\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p><b>1% share repurchase tax</b></p><p>Unlike AMZN, the IRA’s impact on MSFT would mostly come from the 1% repurchase tax. Firstly, MSFT has been paying a lot more taxes than AMZN already before the IRA so the IRA impact on this front would be a lot smaller. And secondly, MSFT has been buying buy its own share much more aggressively than AMZN as you can see from the following chart.</p><p>In FY 2022 alone, MSFT spent $32.1 billion on share repurchases. As you can see from the top panel of the following chart, it has already been spending about $2.5B on average per quarter on share repurchases between 2012 and 2018. And the amount has steadily grown to the $8.3B it spent last quarter. In contrast, AMZN has been doing the opposite (i.e., issuing new shares) for the most part in the past decade and only started repurchasing its shares recently. And the amount of the repurchase ($3.3B) is only a fraction of what MSFT spends.</p><p><img src=\"https://static.tigerbbs.com/49f5dddbaa38da37a68fb24944e98dfe\" tg-width=\"640\" tg-height=\"397\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p>You can also clearly see the differences in the total number of shares outstanding for both of them. As shown in the second chart below, the number of outstanding shares for Microsoft has been steadily declining over the past decade. Its share count has declined from over 8.4 billion shares in 2012 to the current 7.5 billion shares, a decline of more than 10%. In contrast, the share count for Amazon has been steadily expanding. It increased from about 9.1 billion shares in 2012 to the current 10.2 billion shares, a dilution of about 12%.</p><p>And next, we will see how the 1% buyback tax can impact MSFT.</p><p><img src=\"https://static.tigerbbs.com/8cd343d9b90786757fcbc02055751027\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Seeking Alpha</p><p><b>1% share repurchase tax impact on MSFT</b></p><p>The following two tables provide an assessment of the impact by projecting MSFT share repurchases in the next five with and without the 1% share repurchase taxes.</p><p>Both projections are made under the same assumptions and the only difference is the 1% tax on the amount spent on the repurchases. These assumptions have been detailed in my earlier article and a brief summary is provided here for ease of reference:</p><blockquote><ol><li><i>Firstly, it assumes that MSFT spends a fixed percentage of its operating cash flow on share repurchases. The percentage is taken to be 36%, consistent with the average in recent years. It spent 36.7% of its operating cash in FY 2022 on share repurchases, and 36.0% in FY 2021.</i></li><li><i>Secondly, it assumes that MSFT’s profits grow at an 8% CAGR according. Theconsensus estimatesproject about 10% CAGR in the next 5 years. I will 8% to be on the conservative side.</i></li><li><i>And finally, it assumes that MSFT's valuation is maintained at 24x of its operating cash, which is its current valuation. To me, a multiple of 24x operating cash is a bit on the expensive side and I will address this in the risk section. But I suppose part of the risk is canceled off in this projection because by assuming a higher multiple, the potency of share repurchases is also reduced.</i></li></ol></blockquote><p>Based on these assumptions, you can see that MSFT is projected to spend a total of $235B on share repurchases in the next 5 years. And it will need to pay a total of $2.35B of taxes for these repurchases – a much smaller impact than the tax headwinds estimated for AMZN above (about $2.9B to $4.5B per year for a year like 2021).</p><p>Also, you can see that without the 1% buyback taxes, MSFT is projected to reduce its total share count by another 7.3% in the next 5 years. And with the 1% buyback taxes, the percentage is only slightly lower, at 7.2%. In terms of the total number of shares repurchased, it is projected to repurchase a total of 653.7 million shares without the 1% buyback tax and 647.4 million shares with it. Finally, due to the fewer numbers of shares repurchased, its share price is also projected to be a bit lower with the 1% buyback tax, but not by that much.</p><p><img src=\"https://static.tigerbbs.com/9d0c0e8ef95535a9dd3af3373fc35ed9\" tg-width=\"640\" tg-height=\"128\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p><img src=\"https://static.tigerbbs.com/d3c4de947e28a64c4e69133c19642ee4\" tg-width=\"640\" tg-height=\"159\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Author</p><p><b>Final thoughts and other risks</b></p><p>To summarize, the goal of this article is to illustrate the potential impact of the IRA by examining two representative examples: AMZN and MSFT. The former is expected to see its impact primarily from the 15% minimum tax rates and removal of deduction loopholes. And the impact is estimated to be about 4% to 6% for a year like 2021. And the latter is expected to see the impact primarily come from the 1% buyback taxes. Furthermore, the 1% buyback impacts are relatively minor and would only cause minimal impact on MSFT based on my projections (about $2.35B of total impact distributed over the next 5 years). I believe the observations are applicable to other large caps that aggressively buy back their shares such as Apple.</p><p>Finally, risks. As aforementioned, MSFT faces a valuation risk. Its current valuation (about 24x of its operating cash) is on the expensive side and could suffer large corrections. In the near term, its Activision Blizzard deal also adds some uncertainties. It is the largest acquisition in Microsoft's history and the upside is obvious – if approved. But if not, it could trigger a shift in sentiment and also its stock prices. For AMZN, it faces valuation risks too as detailed in our earlier articles. Furthermore, the free cash flow has kept deteriorating in recent quarters and the business is bleeding a sizable amount of cash per quarter now. The tax codes change, combined with its capital requirements to keep growing its AWS, could further exacerbate its cash flow problems.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Vs. Microsoft: Who Would Feel More Pain From Inflation Reduction Act?</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\">\nAmazon Vs. Microsoft: Who Would Feel More Pain From Inflation Reduction Act?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-25 15:15 GMT+8 <a href=https://seekingalpha.com/article/4536832-amazon-vs-microsoft-who-would-feel-more-pain-from-inflation-reduction-act?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A5><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryPresident Biden just signed the Inflation Reduction Act (“IRA”) into law, and the act will create widespread impacts on U.S. corporations.For large corporations like the FAAMG, direct impacts ...</p>\n\n<a href=\"https://seekingalpha.com/article/4536832-amazon-vs-microsoft-who-would-feel-more-pain-from-inflation-reduction-act?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A5\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软","AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4536832-amazon-vs-microsoft-who-would-feel-more-pain-from-inflation-reduction-act?source=content_type%3Areact%7Cfirst_level_url%3Ahome%7Csection%3Aportfolio%7Csection_asset%3Aheadlines%7Cline%3A5","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138815529","content_text":"SummaryPresident Biden just signed the Inflation Reduction Act (“IRA”) into law, and the act will create widespread impacts on U.S. corporations.For large corporations like the FAAMG, direct impacts will come from both the tax law changes and also the 1% stock buybacks tax.Different companies will feel a different mix of these impacts, and this article examines two representative examples at each extreme of the spectrum.The impact on Microsoft would primarily be through the 1% stock buybacks tax and through tax changes on Amazon.Furthermore, Amazon would likely feel far more impact than Microsoft.ThesisPresident Biden just signed the Inflation Reduction Act(“IRA”) into law. It is a major act that would create impacts for many of us – both in investing and beyond, and I highly encourage you to take a look and see how you might be impacted. In this article, I will focus on its potential impact on our investment decisions, especially on large corporations such as the FAAMG stocks.The most direct ways that the IRA will impact these large-cap stocks are through the changes in the tax codes and also the 1% tax charged on share repurchases. The gist of the tax code change is a 15% minimum tax on corporate profits. The IRA will also plug some tax loopholes and enable the IRS for better enforcement. The 1% tax on stock buybacks is quite self-explaining and straightforward. As a background, overachievers like the FAAMG have created totally new business models that have generated unprecedented profits (to enable share repurchases at a sizable scale), and also at the same time new leeway to reduce their tax burdens. As a result, all of them will be impacted by the IRA in both ways. Although the mix of impacts will be different for each and every one of them.Thus, it is the goal of this article to examine two representative examples at each extreme of the spectrum: Amazon.com, Inc. (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT). You will see in the remainder of this article detailed analyses of the impacts AMZN and MSFT are expected to feel from the IRA. And you will also see that conclusions are: A) AMZN’s impact will primarily come from the tax code changes; B) MSFT’s impact will primarily come from the 1% buyback taxes; and C) the impact on AMZN is anticipated to be much larger than that on MSFT.Even though the analyses are specific to AMZN and MSFT, I believe the observations and methods are applicable (or easily extendable) to other large-cap stocks.Recap of Inflation Reduction ActThe main components of the act are summarized below. As seen, the two parts that are of direct relevance to today’s topic are the 15% Corporate Minimum Tax and the 1% Stock Buybacks Fee. The former is expected to generate an aggregated impact of $222 billion, and the latter $74 billion. For readers interested in other sectors and stocks, the largest items in the IRA would actually come from the drug pricing reform (a total of $265 billion impact) and the investments in energy security and climate change (a total of $369 billion impact). We have just written an analysis of the impact of the drug pricing reform on the healthcare sector, and our research on the energy and infrastructure sector is ongoing.Source: democrats.senate.govAMZN and MSFT’s past taxesLet’s first examine the impact of the 15% minimum taxes. It is public knowledge that the wealthy has more means (and can better afford them) to reduce their tax burdens than average taxpayers like you and me. However, even among the super richest, they avoid taxes to a different degree, as I will illustrate here by the MSFT and AMZN comparison.As you can see from the following chart, on the surface, both MSFT and AMZN have been paying taxes at about the same effective rates over the years. To wit, the effective tax rates for MSFT have fluctuated in the past 3 years between 10.0% and 16.5% with an average of 12.94%. And its current rate of 13.1% is on par with the average, just slightly higher. Similarly, AMZN’s effective tax rates showed some fluctuations in the past 3 years, too, and its average has been 12.6%, almost identical to MSFT’s 12.9%.Seeking AlphaHowever, the above tax RATES could be misleading because different companies have different deductions and exemptions available to them and/or apply these deductions with different degrees of aggressiveness. As a result, a large amount of earnings could be deducted, and the total amount of taxes could be reduced even when the tax rates are the same. As you can see from the next chart below, in terms of the absolute dollar amount of their taxes, MSFT has been paying on average more than 2x than AMZN over the recent few years. Take 2021 as a specific example. MSFT paid a total of $9.8B for its taxes and AMZN paid a total of $2.8B, less than 1/3 of that MSFT paid. However, MSFT and AMZN had about the same amount of operating cash flow that year ($76B for MSFT and $66B for AMZN).Based on this, we will estimate the tax impact on AMZN from the IRA next.Seeking AlphaAMZN’s future taxesI am not going to pretend to be an expert on high-profile corporate taxes. But based on the analyses above, I am quite confident that AMZN will feel more impact on the tax code changes than MSFT. To put the above numbers under perspective, the next chart shows their taxes as a fraction of their operating cash flow (which is harder to hide than earnings). And you can clearly see that AMZN’s taxes have been on average 5.6% of its operating cash flow, only about ½ of what MSFT has been paying on average (about 11.7%).Since I am not an expert, let me rely on the estimate from people with more expertise here. According to thisITEPestimate, if AMZN had paid the statutory tax rate of 21% in 2021 without any tax breaks, its total taxes would have been ~$7.3 billion instead of the $2.8 billion we just mentioned.So going forward, assuming the IRA has removed the loopholes so AMZN would have to pay the 21% statutory tax rate, then AMZN’s taxes would increase by about $4.5B for a year like 2021. Even if it only pays a tax rate of 15% (the minimum required by the IRA), its taxes would be about $5.7B, an increase of about $2.9B before the IRA.To put an increased tax provision of $2.9B to $4.5B into perspective, AMZN’s net earnings have been about $60B to $70B in recent years. So the additional taxes would reduce its earnings by about 4% to 6%, not a life-or-death difference, but not negligible either.And next, we will see this impact is much larger than the impact I anticipate for MSFT.Seeking Alpha1% share repurchase taxUnlike AMZN, the IRA’s impact on MSFT would mostly come from the 1% repurchase tax. Firstly, MSFT has been paying a lot more taxes than AMZN already before the IRA so the IRA impact on this front would be a lot smaller. And secondly, MSFT has been buying buy its own share much more aggressively than AMZN as you can see from the following chart.In FY 2022 alone, MSFT spent $32.1 billion on share repurchases. As you can see from the top panel of the following chart, it has already been spending about $2.5B on average per quarter on share repurchases between 2012 and 2018. And the amount has steadily grown to the $8.3B it spent last quarter. In contrast, AMZN has been doing the opposite (i.e., issuing new shares) for the most part in the past decade and only started repurchasing its shares recently. And the amount of the repurchase ($3.3B) is only a fraction of what MSFT spends.Seeking AlphaYou can also clearly see the differences in the total number of shares outstanding for both of them. As shown in the second chart below, the number of outstanding shares for Microsoft has been steadily declining over the past decade. Its share count has declined from over 8.4 billion shares in 2012 to the current 7.5 billion shares, a decline of more than 10%. In contrast, the share count for Amazon has been steadily expanding. It increased from about 9.1 billion shares in 2012 to the current 10.2 billion shares, a dilution of about 12%.And next, we will see how the 1% buyback tax can impact MSFT.Seeking Alpha1% share repurchase tax impact on MSFTThe following two tables provide an assessment of the impact by projecting MSFT share repurchases in the next five with and without the 1% share repurchase taxes.Both projections are made under the same assumptions and the only difference is the 1% tax on the amount spent on the repurchases. These assumptions have been detailed in my earlier article and a brief summary is provided here for ease of reference:Firstly, it assumes that MSFT spends a fixed percentage of its operating cash flow on share repurchases. The percentage is taken to be 36%, consistent with the average in recent years. It spent 36.7% of its operating cash in FY 2022 on share repurchases, and 36.0% in FY 2021.Secondly, it assumes that MSFT’s profits grow at an 8% CAGR according. Theconsensus estimatesproject about 10% CAGR in the next 5 years. I will 8% to be on the conservative side.And finally, it assumes that MSFT's valuation is maintained at 24x of its operating cash, which is its current valuation. To me, a multiple of 24x operating cash is a bit on the expensive side and I will address this in the risk section. But I suppose part of the risk is canceled off in this projection because by assuming a higher multiple, the potency of share repurchases is also reduced.Based on these assumptions, you can see that MSFT is projected to spend a total of $235B on share repurchases in the next 5 years. And it will need to pay a total of $2.35B of taxes for these repurchases – a much smaller impact than the tax headwinds estimated for AMZN above (about $2.9B to $4.5B per year for a year like 2021).Also, you can see that without the 1% buyback taxes, MSFT is projected to reduce its total share count by another 7.3% in the next 5 years. And with the 1% buyback taxes, the percentage is only slightly lower, at 7.2%. In terms of the total number of shares repurchased, it is projected to repurchase a total of 653.7 million shares without the 1% buyback tax and 647.4 million shares with it. Finally, due to the fewer numbers of shares repurchased, its share price is also projected to be a bit lower with the 1% buyback tax, but not by that much.AuthorAuthorFinal thoughts and other risksTo summarize, the goal of this article is to illustrate the potential impact of the IRA by examining two representative examples: AMZN and MSFT. The former is expected to see its impact primarily from the 15% minimum tax rates and removal of deduction loopholes. And the impact is estimated to be about 4% to 6% for a year like 2021. And the latter is expected to see the impact primarily come from the 1% buyback taxes. Furthermore, the 1% buyback impacts are relatively minor and would only cause minimal impact on MSFT based on my projections (about $2.35B of total impact distributed over the next 5 years). I believe the observations are applicable to other large caps that aggressively buy back their shares such as Apple.Finally, risks. As aforementioned, MSFT faces a valuation risk. Its current valuation (about 24x of its operating cash) is on the expensive side and could suffer large corrections. In the near term, its Activision Blizzard deal also adds some uncertainties. It is the largest acquisition in Microsoft's history and the upside is obvious – if approved. But if not, it could trigger a shift in sentiment and also its stock prices. For AMZN, it faces valuation risks too as detailed in our earlier articles. Furthermore, the free cash flow has kept deteriorating in recent quarters and the business is bleeding a sizable amount of cash per quarter now. The tax codes change, combined with its capital requirements to keep growing its AWS, could further exacerbate its cash flow problems.","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9990188702,"gmtCreate":1660309933508,"gmtModify":1676533448482,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"ouch! the title says it all","listText":"ouch! the title says it all","text":"ouch! the title says it all","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9990188702","repostId":"1190571853","repostType":4,"repost":{"id":"1190571853","pubTimestamp":1660308827,"share":"https://ttm.financial/m/news/1190571853?lang=&edition=fundamental","pubTime":"2022-08-12 20:53","market":"us","language":"en","title":"Palantir: Utter Disaster","url":"https://stock-news.laohu8.com/highlight/detail?id=1190571853","media":"Seeking Alpha","summary":"SummaryThere is no faith in Palantir right now.Headline results were mixed at best.Expenses are on t","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>There is no faith in Palantir right now.</li><li>Headline results were mixed at best.</li><li>Expenses are on the rise, but cash flow is positive and the balance sheet is pristine.</li><li>The pace of growth is clearly slowing, and that is a major issue for an earnings-light company.</li></ul><p>So, Palantir Technologies Inc. (NYSE:PLTR) stock has been one of the best trading stocks you can ask for. It moves with extreme swings higher and lower, our traders have made a bundle, especially by selling premium (i.e., puts and calls). We have stood behind the technology as a gamechanger. This is truly an innovative and disruptive company that has massive reach to both the commercial and government sectors.</p><p>The company is operating in the most important currency of our lifetimes: big data. And while the company innovates, and helps its clients understand data and make decisions, as an investment this has been complete trash, really an utter disaster. That may not be a technical finance term in the literature, but it is a term you hear often at hedge funds and trading floors. Frankly, while we believe in the ability of the company to deliver long-term, and we own some of it, it has been an utter disaster for longs that are not trading in and out. While we are up off the bottom, there are still so many retail "bag-holders" out there.</p><p><b>Trading not investing</b></p><p>The only ones making money in this stock are trading in and out. You can make good money holding a core investment and selling calls, or even selling puts, due to the volatility. Those who scalp nickels and dimes are doing well. Those who are caught near the bottom are hit hard. But investing here requires extreme patience, and frankly, while we get the win on the trades over and over, we recognize that investors are getting slammed here.</p><p><b>Pressure mounts</b></p><p>Unfortunately, despite a market rally, this remains a trader's market right now, and we think that is the best way to handle Palantir for now. That said, we think you can hold a small core position for the long-term, but with all of the issues facing the company from dilution to a questionable management team, the economic picture has been poor for the company, making matters worse. Governments are spending less. Businesses are tightening up. While we think you can see business recognize the money saving potential of decision making algorithms, company capex on things like this tends to get cut first when businesses tighten their belt. This is a near-term issue, while things like dilution are longer-term. The thing is, we think you should trade this name. We hate to see investors lose money, and we know it can be painful, but it's been complete trash, in our humble opinion. Is all hope lost here?</p><p><b>Companies like Palantir tend to be expensive before they finally sustain earnings</b></p><p>Companies like Palantir are indeed often extremely expensive in the early stages. Granted, this company has been around for a long time, but is newly public, barely two years old here public. You really cannot value them on an earnings basis because there are no or very little earnings often as they ramp up. Palantir, as we mentioned has that massive dilution problem, which means consistent positive EPS gets kicked further down the road. We think Palantir has a lot of potential, but this market is beyond unforgiving to those companies that do not make money or have sky high valuations. The last few weeks have seen a huge tech rally, and Palantir stock began to see a big bid up, until this week.</p><p><b>Little faith in Palantir</b></p><p>Investors are now starting to see that Palantir may lose money or breakeven for years. Of course, the theory goes that companies like this will lose money as they spend to attract customers and build their moat. They invest heavily in their growth while seeing revenues increase dramatically. And as we know, Palantir is seeing revenues grow tremendously, but even that pace of growth is slowing, and that is a huge risk. If you believe in the tech (we do) you can add selectively to a well-rounded portfolio to improve cost basis, and put faith in management that it can deliver on growing the business profitably without diluting shareholders into oblivion, but it may take years to get a return. It is just easier to make 5,6,7, even 10% on this name by trading over and over. Investing requires patience and belief that things will improve. Right now, this is a tall order for this company and management. There is no, or very little faith.</p><p>While operationally the company is growing sufficiently, management has some credibility issues. What one has to do is determine if what the company offers will solve enough headaches for customers that eventually the growing sales turn into sustained and growing profits. However, the most recent quarter was also "trash," as we say.</p><p><b>Headline earnings figures mixed</b></p><p>In the just-reported quarter, performance was pretty mixed on the top and bottom lines with revenue just a touch ahead of consensus estimates, and earnings missing horribly. Total revenue grew 25.9% year-over-year to $473.0 million, beating estimates by just over $1 million. However, its profitability was lower than expected by $0.04, and worse, guidance was far less than consensus. That crushed the stock's momentum that it had going for it. Now revenues are only growing in the 20% range, versus 30+. Ouch. Further, most expected the company to make a tiny profit this quarter, and instead it lost money. Ouch.</p><p><b>Palantir's Government and Commercial sectors both showing growth</b></p><p>As you likely are aware, Palantir has two reporting segments: both the government and commercial segments. The commercial revenue stream continues to grow rapidly, while government results seem to be slowing. There is a ton of disagreement out there on whether the somewhat shaky economy will help or hurt, but we think it definitely slows both sectors, especially government.</p><p>Deceleration of revenue growth is definitely a negative for a company like this that does not enjoy high earnings. The revenues did rise 26% from last year, and the company's customer count increased to 304, up from 169 a year ago, but sequentially customer growth seems to be slowing. Palantir added 27 net new customers in the second quarter, with 19 net new commercial customers. We think it is important to note that the commercial space is doing well. The commercial revenue is expanding rapidly, increasing 132% in 2021, and here in Q2, it rose 46% year-over-year. That said, each earnings report it seems the year-over-year growth is a little less. Not great.</p><p>The government business growth has just stalled. Here government revenue expanded to $263 million in revenue in Q2, rising 9% quarter-over-quarter. One positive is that health care (both in government and also commercial) has become a substantial and rapidly growing business, generating approximately $153 million in revenue in the first half of 2022, up from $42 million in the first half of 2020. Decent growth.</p><p><b>Margins show good news</b></p><p>For as much as the company seemed to have whiffed, there has been pockets of good news. Palantir is seeing very positive momentum in its margins. Positive movement in margins is important in a software company as it really highlights strengths, or weaknesses, in the way it distributes its products. Palantir is delivering here. Adjusted gross margin, (these are the margins which excludes the horrible dilutive stock-based compensation expenses) was 81%. The adjusted income from operations, excluding stock-based compensation and related employer payroll taxes, was $108 million, representing adjusted operating margin of 23% ahead of management's prior guidance of 20%.</p><p>Palantir expenses are on the rise but cash flow is positive.</p><p>While margins were solid, adjusted expenses are on the rise. Expenses were $365 million, up 11% sequentially. With the revenue number and higher expenses however, despite margins, led to a loss in the quarter. As mentioned adjusted earnings per share was a loss of $0.01. Some of this was that there was a $0.05 impact driven primarily by losses on securities held.</p><p>The company also generated $62 million in cash from operations, and the adjusted free cash flow was $61 million. That was the seventh consecutive quarter of positive free cash flow. Over the last year Palantir generated $314 million in adjusted free cash flow. The balance sheet is anything but trash. The company still has a solid $2.4 billion in cash and cash equivalents and absolutely no debt. Now that said, the company did decide a few weeks ago to expand its revolving credit facility by adding a $450 million new incremental delayed draw term loan facility. Long story short, the company has liquidity if needed. Overall, they have an additional liquidity source up to $950 million and it remains entirely undrawn.</p><p>The reason we explain that is this company is in no danger of any sort of bankruptcies. The investment might be horrible as sustained positive EPS remains elusive, but the balance sheet is nice.</p><p><b>Palantir stock valuation</b></p><p>When we look at the valuation of Palantir stock, the bottom line is the stock is expensive to own. Sure, looking at traditional price-to-earnings is futile, but if you did you would see a stock at like 170X FWD EPS. Very pricey. Perhaps the more appropriate measure is the price-to-sales ratio, but not only is this still very high, the market has basically said it is no longer willing to pay for sky high multiples here in 2022. Keep that in mind. At 10.4X sales, the stock is relatively cheaper than it has ever been, but it is still not "cheap" by any stretch at all. We like the cash flow metrics, though the price to cash flow is still about 70X.</p><p><b>Guidance was more than disappointing</b></p><p>The biggest concern right now is not valuation, or the Q2 earnings results. Nor is it the fact that the stock has been a trash investment. The biggest issue right now is also not the never ending dilution (which stinks). It is not the broader market risk either. The largest issue is a slowdown in performance, the slowing growth of revenues, and continued reduced guidance including here in Q3. The Q3 guidance was pretty weak. For Q3 2022, the company "expects revenue of between $474 million to $475 million" which was way below consensus of $505 million. For the year, we are looking at nearly 5% lower revenues than expected. Ouch. For the year management guided "revenue of $1.9 billion" vs. consensus of $1.98 billion. Adjusted income from operations should be $341 million to $343 million.</p><p>So, what is our take?</p><p>We would be selling calls here on the next pop. The volatility is high here and premiums are hefty. On the next big downturn, sell puts a month or two out and out of the money. If assigned, turn right around and sell calls. Trade around the position. Palantir's growth is slowly fading, though still strong. We also think profitability is elusive. Dilution could continue so long that positive EPS becomes out of reach without future buybacks. Stick to trading the name, or buy a few shares and come back in 10 years.</p><p><b>Take home</b></p><p>We love that the company operates with no debt and has nice positive free cash flow. The company offers amazing solutions for government and businesses by using big data and using analytics to improve operations. But, investments in the stock have been trashed. Traders have won over and over again. While growth will continue, and the balance sheet is solid, we have to keep an eye on the pace of customer growth and contract values. On the next drawdown to the $8 range, we would be buyers.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir: Utter Disaster</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir: Utter Disaster\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-12 20:53 GMT+8 <a href=https://seekingalpha.com/article/4533226-palantir-utter-disaster><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryThere is no faith in Palantir right now.Headline results were mixed at best.Expenses are on the rise, but cash flow is positive and the balance sheet is pristine.The pace of growth is clearly ...</p>\n\n<a href=\"https://seekingalpha.com/article/4533226-palantir-utter-disaster\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://seekingalpha.com/article/4533226-palantir-utter-disaster","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190571853","content_text":"SummaryThere is no faith in Palantir right now.Headline results were mixed at best.Expenses are on the rise, but cash flow is positive and the balance sheet is pristine.The pace of growth is clearly slowing, and that is a major issue for an earnings-light company.So, Palantir Technologies Inc. (NYSE:PLTR) stock has been one of the best trading stocks you can ask for. It moves with extreme swings higher and lower, our traders have made a bundle, especially by selling premium (i.e., puts and calls). We have stood behind the technology as a gamechanger. This is truly an innovative and disruptive company that has massive reach to both the commercial and government sectors.The company is operating in the most important currency of our lifetimes: big data. And while the company innovates, and helps its clients understand data and make decisions, as an investment this has been complete trash, really an utter disaster. That may not be a technical finance term in the literature, but it is a term you hear often at hedge funds and trading floors. Frankly, while we believe in the ability of the company to deliver long-term, and we own some of it, it has been an utter disaster for longs that are not trading in and out. While we are up off the bottom, there are still so many retail \"bag-holders\" out there.Trading not investingThe only ones making money in this stock are trading in and out. You can make good money holding a core investment and selling calls, or even selling puts, due to the volatility. Those who scalp nickels and dimes are doing well. Those who are caught near the bottom are hit hard. But investing here requires extreme patience, and frankly, while we get the win on the trades over and over, we recognize that investors are getting slammed here.Pressure mountsUnfortunately, despite a market rally, this remains a trader's market right now, and we think that is the best way to handle Palantir for now. That said, we think you can hold a small core position for the long-term, but with all of the issues facing the company from dilution to a questionable management team, the economic picture has been poor for the company, making matters worse. Governments are spending less. Businesses are tightening up. While we think you can see business recognize the money saving potential of decision making algorithms, company capex on things like this tends to get cut first when businesses tighten their belt. This is a near-term issue, while things like dilution are longer-term. The thing is, we think you should trade this name. We hate to see investors lose money, and we know it can be painful, but it's been complete trash, in our humble opinion. Is all hope lost here?Companies like Palantir tend to be expensive before they finally sustain earningsCompanies like Palantir are indeed often extremely expensive in the early stages. Granted, this company has been around for a long time, but is newly public, barely two years old here public. You really cannot value them on an earnings basis because there are no or very little earnings often as they ramp up. Palantir, as we mentioned has that massive dilution problem, which means consistent positive EPS gets kicked further down the road. We think Palantir has a lot of potential, but this market is beyond unforgiving to those companies that do not make money or have sky high valuations. The last few weeks have seen a huge tech rally, and Palantir stock began to see a big bid up, until this week.Little faith in PalantirInvestors are now starting to see that Palantir may lose money or breakeven for years. Of course, the theory goes that companies like this will lose money as they spend to attract customers and build their moat. They invest heavily in their growth while seeing revenues increase dramatically. And as we know, Palantir is seeing revenues grow tremendously, but even that pace of growth is slowing, and that is a huge risk. If you believe in the tech (we do) you can add selectively to a well-rounded portfolio to improve cost basis, and put faith in management that it can deliver on growing the business profitably without diluting shareholders into oblivion, but it may take years to get a return. It is just easier to make 5,6,7, even 10% on this name by trading over and over. Investing requires patience and belief that things will improve. Right now, this is a tall order for this company and management. There is no, or very little faith.While operationally the company is growing sufficiently, management has some credibility issues. What one has to do is determine if what the company offers will solve enough headaches for customers that eventually the growing sales turn into sustained and growing profits. However, the most recent quarter was also \"trash,\" as we say.Headline earnings figures mixedIn the just-reported quarter, performance was pretty mixed on the top and bottom lines with revenue just a touch ahead of consensus estimates, and earnings missing horribly. Total revenue grew 25.9% year-over-year to $473.0 million, beating estimates by just over $1 million. However, its profitability was lower than expected by $0.04, and worse, guidance was far less than consensus. That crushed the stock's momentum that it had going for it. Now revenues are only growing in the 20% range, versus 30+. Ouch. Further, most expected the company to make a tiny profit this quarter, and instead it lost money. Ouch.Palantir's Government and Commercial sectors both showing growthAs you likely are aware, Palantir has two reporting segments: both the government and commercial segments. The commercial revenue stream continues to grow rapidly, while government results seem to be slowing. There is a ton of disagreement out there on whether the somewhat shaky economy will help or hurt, but we think it definitely slows both sectors, especially government.Deceleration of revenue growth is definitely a negative for a company like this that does not enjoy high earnings. The revenues did rise 26% from last year, and the company's customer count increased to 304, up from 169 a year ago, but sequentially customer growth seems to be slowing. Palantir added 27 net new customers in the second quarter, with 19 net new commercial customers. We think it is important to note that the commercial space is doing well. The commercial revenue is expanding rapidly, increasing 132% in 2021, and here in Q2, it rose 46% year-over-year. That said, each earnings report it seems the year-over-year growth is a little less. Not great.The government business growth has just stalled. Here government revenue expanded to $263 million in revenue in Q2, rising 9% quarter-over-quarter. One positive is that health care (both in government and also commercial) has become a substantial and rapidly growing business, generating approximately $153 million in revenue in the first half of 2022, up from $42 million in the first half of 2020. Decent growth.Margins show good newsFor as much as the company seemed to have whiffed, there has been pockets of good news. Palantir is seeing very positive momentum in its margins. Positive movement in margins is important in a software company as it really highlights strengths, or weaknesses, in the way it distributes its products. Palantir is delivering here. Adjusted gross margin, (these are the margins which excludes the horrible dilutive stock-based compensation expenses) was 81%. The adjusted income from operations, excluding stock-based compensation and related employer payroll taxes, was $108 million, representing adjusted operating margin of 23% ahead of management's prior guidance of 20%.Palantir expenses are on the rise but cash flow is positive.While margins were solid, adjusted expenses are on the rise. Expenses were $365 million, up 11% sequentially. With the revenue number and higher expenses however, despite margins, led to a loss in the quarter. As mentioned adjusted earnings per share was a loss of $0.01. Some of this was that there was a $0.05 impact driven primarily by losses on securities held.The company also generated $62 million in cash from operations, and the adjusted free cash flow was $61 million. That was the seventh consecutive quarter of positive free cash flow. Over the last year Palantir generated $314 million in adjusted free cash flow. The balance sheet is anything but trash. The company still has a solid $2.4 billion in cash and cash equivalents and absolutely no debt. Now that said, the company did decide a few weeks ago to expand its revolving credit facility by adding a $450 million new incremental delayed draw term loan facility. Long story short, the company has liquidity if needed. Overall, they have an additional liquidity source up to $950 million and it remains entirely undrawn.The reason we explain that is this company is in no danger of any sort of bankruptcies. The investment might be horrible as sustained positive EPS remains elusive, but the balance sheet is nice.Palantir stock valuationWhen we look at the valuation of Palantir stock, the bottom line is the stock is expensive to own. Sure, looking at traditional price-to-earnings is futile, but if you did you would see a stock at like 170X FWD EPS. Very pricey. Perhaps the more appropriate measure is the price-to-sales ratio, but not only is this still very high, the market has basically said it is no longer willing to pay for sky high multiples here in 2022. Keep that in mind. At 10.4X sales, the stock is relatively cheaper than it has ever been, but it is still not \"cheap\" by any stretch at all. We like the cash flow metrics, though the price to cash flow is still about 70X.Guidance was more than disappointingThe biggest concern right now is not valuation, or the Q2 earnings results. Nor is it the fact that the stock has been a trash investment. The biggest issue right now is also not the never ending dilution (which stinks). It is not the broader market risk either. The largest issue is a slowdown in performance, the slowing growth of revenues, and continued reduced guidance including here in Q3. The Q3 guidance was pretty weak. For Q3 2022, the company \"expects revenue of between $474 million to $475 million\" which was way below consensus of $505 million. For the year, we are looking at nearly 5% lower revenues than expected. Ouch. For the year management guided \"revenue of $1.9 billion\" vs. consensus of $1.98 billion. Adjusted income from operations should be $341 million to $343 million.So, what is our take?We would be selling calls here on the next pop. The volatility is high here and premiums are hefty. On the next big downturn, sell puts a month or two out and out of the money. If assigned, turn right around and sell calls. Trade around the position. Palantir's growth is slowly fading, though still strong. We also think profitability is elusive. Dilution could continue so long that positive EPS becomes out of reach without future buybacks. Stick to trading the name, or buy a few shares and come back in 10 years.Take homeWe love that the company operates with no debt and has nice positive free cash flow. The company offers amazing solutions for government and businesses by using big data and using analytics to improve operations. But, investments in the stock have been trashed. Traders have won over and over again. While growth will continue, and the balance sheet is solid, we have to keep an eye on the pace of customer growth and contract values. On the next drawdown to the $8 range, we would be buyers.","news_type":1},"isVote":1,"tweetType":1,"viewCount":122,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054193163,"gmtCreate":1655349327252,"gmtModify":1676535620415,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"surprising to hear this from him when inflation is still high. Wait for a U turn if CPI doesn't drop","listText":"surprising to hear this from him when inflation is still high. Wait for a U turn if CPI doesn't drop","text":"surprising to hear this from him when inflation is still high. Wait for a U turn if CPI doesn't drop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054193163","repostId":"1169669469","repostType":4,"repost":{"id":"1169669469","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1655344301,"share":"https://ttm.financial/m/news/1169669469?lang=&edition=fundamental","pubTime":"2022-06-16 09:51","market":"us","language":"en","title":"Stock Futures Inch Higher as Powell Says Big Hikes Are Rare","url":"https://stock-news.laohu8.com/highlight/detail?id=1169669469","media":"Tiger Newspress","summary":"U.S. stock index futures were higher on Federal Reserve Chair Jerome Powell’s comment that super-siz","content":"<html><head></head><body><p>U.S. stock index futures were higher on Federal Reserve Chair Jerome Powell’s comment that super-sized interest-rate hikes will be rare following the central bank’s biggest increase in borrowing costs since 1994.</p><p>S&P 500 futures rose 0.54%; Nasdaq 100 futures climbed 0.68%.</p><p><img src=\"https://static.tigerbbs.com/0dd9934ba22d658262b3784c90242564\" tg-width=\"492\" tg-height=\"242\" referrerpolicy=\"no-referrer\"/></p><p>The Fed raised rates by that amount Wednesday, stepping up the fight against inflation. Powell signaled another big hike in July but added “today’s 75 basis-point increase is an unusually large one and I do not expect moves of this size to be common.” That leans against the risk of a string of jumbo moves.</p><p>A dollar gauge and the yen slipped, while risk-sensitive currencies like Australia’s dollar advanced. Cryptocurrencies -- emblematic of recent market stress due to tightening financial conditions -- staged a broad advance.</p><p>Wednesday’s decision took the target range for the federal funds rate to 1.5% to 1.75%. Officials projected 3.4% by year-end and 3.8% by the end of 2023. The Fed also reiterated it will shrink its balance sheet by $47.5 billion a month -- a move that took effect June 1 -- stepping up to $95 billion in September.</p><p>“75 basis points is a solid showing that will, all else being equal, serve to improve Fed credibility and leave monetary policy slightly less behind the inflationary curve,” Benjamin Jeffery and Ian Lyngen, strategists at BMO Capital Markets, wrote in a note. “The response in risk assets will ultimately define the extent to which the Fed will be able to normalize monetary policy.”</p><p>Whether the rebound in stocks and bonds is anything more than temporary is in doubt. Fears of an environment of sharply slower economic growth and elevated price pressures continue to shadow markets.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Futures Inch Higher as Powell Says Big Hikes Are Rare</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Futures Inch Higher as Powell Says Big Hikes Are Rare\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-06-16 09:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures were higher on Federal Reserve Chair Jerome Powell’s comment that super-sized interest-rate hikes will be rare following the central bank’s biggest increase in borrowing costs since 1994.</p><p>S&P 500 futures rose 0.54%; Nasdaq 100 futures climbed 0.68%.</p><p><img src=\"https://static.tigerbbs.com/0dd9934ba22d658262b3784c90242564\" tg-width=\"492\" tg-height=\"242\" referrerpolicy=\"no-referrer\"/></p><p>The Fed raised rates by that amount Wednesday, stepping up the fight against inflation. Powell signaled another big hike in July but added “today’s 75 basis-point increase is an unusually large one and I do not expect moves of this size to be common.” That leans against the risk of a string of jumbo moves.</p><p>A dollar gauge and the yen slipped, while risk-sensitive currencies like Australia’s dollar advanced. Cryptocurrencies -- emblematic of recent market stress due to tightening financial conditions -- staged a broad advance.</p><p>Wednesday’s decision took the target range for the federal funds rate to 1.5% to 1.75%. Officials projected 3.4% by year-end and 3.8% by the end of 2023. The Fed also reiterated it will shrink its balance sheet by $47.5 billion a month -- a move that took effect June 1 -- stepping up to $95 billion in September.</p><p>“75 basis points is a solid showing that will, all else being equal, serve to improve Fed credibility and leave monetary policy slightly less behind the inflationary curve,” Benjamin Jeffery and Ian Lyngen, strategists at BMO Capital Markets, wrote in a note. “The response in risk assets will ultimately define the extent to which the Fed will be able to normalize monetary policy.”</p><p>Whether the rebound in stocks and bonds is anything more than temporary is in doubt. Fears of an environment of sharply slower economic growth and elevated price pressures continue to shadow markets.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169669469","content_text":"U.S. stock index futures were higher on Federal Reserve Chair Jerome Powell’s comment that super-sized interest-rate hikes will be rare following the central bank’s biggest increase in borrowing costs since 1994.S&P 500 futures rose 0.54%; Nasdaq 100 futures climbed 0.68%.The Fed raised rates by that amount Wednesday, stepping up the fight against inflation. Powell signaled another big hike in July but added “today’s 75 basis-point increase is an unusually large one and I do not expect moves of this size to be common.” That leans against the risk of a string of jumbo moves.A dollar gauge and the yen slipped, while risk-sensitive currencies like Australia’s dollar advanced. Cryptocurrencies -- emblematic of recent market stress due to tightening financial conditions -- staged a broad advance.Wednesday’s decision took the target range for the federal funds rate to 1.5% to 1.75%. Officials projected 3.4% by year-end and 3.8% by the end of 2023. The Fed also reiterated it will shrink its balance sheet by $47.5 billion a month -- a move that took effect June 1 -- stepping up to $95 billion in September.“75 basis points is a solid showing that will, all else being equal, serve to improve Fed credibility and leave monetary policy slightly less behind the inflationary curve,” Benjamin Jeffery and Ian Lyngen, strategists at BMO Capital Markets, wrote in a note. “The response in risk assets will ultimately define the extent to which the Fed will be able to normalize monetary policy.”Whether the rebound in stocks and bonds is anything more than temporary is in doubt. Fears of an environment of sharply slower economic growth and elevated price pressures continue to shadow markets.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9962594730,"gmtCreate":1669800059620,"gmtModify":1676538245839,"author":{"id":"3571826634738651","authorId":"3571826634738651","name":"Leisuretrade","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3571826634738651","authorIdStr":"3571826634738651"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/F34.SI\">$WILMAR INTERNATIONAL LIMITED(F34.SI)$ </a><v-v data-views=\"1\"></v-v>","text":"$WILMAR INTERNATIONAL LIMITED(F34.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9962594730","isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
