rumman13 personal page - To The Moon

rumman13

rumman13

No rush, just chilling!

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2023-11-09

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2021-09-02

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2021-07-15

The stock goes down for one day and people start talking about huge market crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.

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2021-07-08

$Sphere 3D(ANY)$Not bad!

2021-05-03

Will buy with discounted price.

Microsoft's Perfect Pullback Is A 'Strong Buy'

2021-04-23

My first time using tiger trade application. So far so good.

Go to Tiger App to see more news

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news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816476623","repostId":"1110351476","repostType":4,"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147509951,"gmtCreate":1626361672373,"gmtModify":1703758760309,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"The stock goes down for one day and people start talking about huge market&nbsp;crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.&nbsp;","listText":"The stock goes down for one day and people start talking about huge market&nbsp;crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.&nbsp;","text":"The stock goes down for one day and people start talking about huge market crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147509951","repostId":"1155093230","repostType":4,"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140728713,"gmtCreate":1625674985232,"gmtModify":1703746294710,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ANY\">$Sphere 3D(ANY)$</a>Not bad!","listText":"<a href=\"https://laohu8.com/S/ANY\">$Sphere 3D(ANY)$</a>Not bad!","text":"$Sphere 3D(ANY)$Not bad!","images":[{"img":"https://static.tigerbbs.com/b90f811861a1f426e09176f1d6f3f9d3","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140728713","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":108808149,"gmtCreate":1620008089581,"gmtModify":1704337278794,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"Will buy with discounted price.&nbsp;","listText":"Will buy with discounted price.&nbsp;","text":"Will buy with discounted price.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108808149","repostId":"1160764065","repostType":4,"repost":{"id":"1160764065","pubTimestamp":1620007749,"share":"https://ttm.financial/m/news/1160764065?lang=&edition=fundamental","pubTime":"2021-05-03 10:09","market":"us","language":"en","title":"Microsoft's Perfect Pullback Is A 'Strong Buy'","url":"https://stock-news.laohu8.com/highlight/detail?id=1160764065","media":"seekingalpha","summary":"Shares of Microsoft encountered a negative market reaction following the release of the tech giant’s third-quarter earnings report.Microsoft’s  most recentearnings report showed that the company is firing on all cylinders and experiencing its most rapid growth in revenues since 2018. In addition to providing stellar guidance, the report confirmed prior expectations that the company would surpass analyst estimates for both earnings and revenue for the period. However, the market failed to respond","content":"<p><b>Summary</b></p>\n<ul>\n <li>Shares of Microsoft encountered a negative market reaction following the release of the tech giant’s third-quarter earnings report.</li>\n <li>But if the “magnitude of the beat” is the best reason analysts can offer when explaining this reaction, it's time to look the other way and start buying the stock.</li>\n <li>This failure to acknowledge strength in the company’s underlying performances has produced a pullback on the charts that should not be ignored by income investors looking to build tech exposure.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d1587d0ad7a1930f15fdb9e800a44f6\" tg-width=\"1536\" tg-height=\"1102\"><span>Photo by Ethan Miller/Getty Images News via Getty Images</span></p>\n<p>Microsoft’s&nbsp;(NASDAQ:MSFT)&nbsp;most recentearnings report&nbsp;showed that the company is firing on all cylinders and experiencing its most rapid growth in revenues since 2018. In addition to providing stellar guidance, the report&nbsp;confirmed prior expectations&nbsp;that the company would surpass analyst estimates for both earnings and revenue for the period. However, the market failed to respond to these numbers in any way that reflected an optimistic outlook and the stock quickly dropped by nearly -5.5% in just two days. On a YTD basis, shares of MSFT are still higher by nearly 16% but the broader picture makes it clear that these recent declines have created a relatively obvious buying opportunity for investors looking to increase exposure in the stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c87c268148403b14d361c0ef6a1e2fb8\" tg-width=\"1006\" tg-height=\"577\"><span>Chart Analysis: The Income Machine</span></p>\n<p>For the third-quarter period, Microsoft posted an adjusted EPS figure of $1.95 and revenues of $41.71 billion. Of course, this was a substantial beat on the market’s expectations (EPS of $1.78 and revenues of $41 billion) but what might be most important in this case is the fact that Microsoft also offered revenue guidance that was higher than the market’s prior expectations. For long-term investors, this should be much more encouraging than the perceived negative that revenue growth from Microsoft’s Azure cloud segment was flat relative to the previous quarter or that the “magnitude” of the earnings beat was disappointing enough that it justifies lower valuations in share prices.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf8570f93f884f5b0161afa767b4dd6c\" tg-width=\"929\" tg-height=\"554\"><span>Source: Microsoft Earnings Release</span></p>\n<p>However, the market’s response to this release was highly inconsistent with the superior outlook currently supporting the company. While it can be said that weakness in operating margins became apparent during the quarter, income investors should note that Microsoft’s cloud component grew (both in terms of size and importance) and the magnitude of the company’s true negatives seem to have been largely exaggerated. All together, Microsoft’s third-quarter revenue figure revealed growth rates of +19% and that performance makes this the company’s best quarterly result since 2018.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e03d5c68911bae09a849649a4f91669b\" tg-width=\"699\" tg-height=\"594\"><span>Source: Macrotrends</span></p>\n<p>However, this incredible run isn’t expected to end once the global effects of the pandemic are finally in a position to show sustained declines. While it’s true that the 2020 market environment fueled an increase in personal computer sales that was large enough to produce shortages throughout the industry, these trends are more than likely to continue for the foreseeable future and this largely explains why Microsoft’s guidance figures continue to surprise to the upside. The company now expects to see&nbsp;revenues of $43.6-$44.5 billion&nbsp;for the fiscal fourth-quarter period and this easily surpasses the prior consensus estimates amongst analysts (which called for quarterly revenues of just under $43 billion).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eef2095303c29a653244452ce2282c7f\" tg-width=\"821\" tg-height=\"524\"><span>Source: Simply Wall Street</span></p>\n<p>If Microsoft can simply manage to reach the mid-point of its new guidance range, management’s current outlook indicates that we could be seeing quarterly revenue growth of roughly +16%. But given the broad strength of the company’s growth figures (across most segments), this is starting to look like a conservative estimate and this scenario suggests that Microsoft now finds itself in a position to under-promise and over-perform with its next earnings report.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bc6a759c77cc1d2f5624e5fa076c7513\" tg-width=\"927\" tg-height=\"165\"><span>Source: Microsoft Earnings Release</span></p>\n<p>Quite possibly, the Azure Cloud segment might turn out to be the standout performer once again but this is in spite of the fact that the market appeared to be unimpressed with this segment’s most recent growth figures. That said, Microsoft did actually surpass the market’s expectations for growth in the segment (46%) and matched the superior growth performances that were recorded during the prior quarter (with segment gains of 50%). Overall, this helped the company’s Intelligent Cloud business (which also includes Windows Server, GitHub, Visual Studio, Enterprise Services and SQL Server) to generate revenues of $15.1 billion for the period and this indicates an annualized growth rate of +23% for the segment.</p>\n<p>Perhaps it could be argued that other segments failed to match these levels but the growth rates generated by the More Personal Computing and Productivity / Business Processes units were still quite respectable in their own right. Specifically, Microsoft’s More Personal Computing segment (which contains search, devices, and gaming in addition to Windows) generated just over $13 billion in revenues and this marks another quarterly gain of +19%. Furthermore, the company’s Productivity / Business Processes unit (which includes LinkedIn, Dynamics, and Office) produced nearly $13.6 billion in revenues and this indicates gains of +15% for the period.</p>\n<p>When we combined this with the news that advertising revenues from LinkedIn&nbsp;hit the $3 billion mark&nbsp;and beat the advertising revenues generated by Snapchat during the last full-year period, factors like the drop in operating margins from Microsoft’s Intelligent Cloud segment (from 44.5% to 42.5%) seem less consequential. Overall, declines in the company’s operating margins were much smaller (falling from 41.6% to 40.9%) and this simply does not seem to justify the market’s bearish reaction following Microsoft’s earnings release.</p>\n<p><img src=\"https://static.tigerbbs.com/1c9e5b8bd48dca6107d65bd5bc1591a9\" tg-width=\"717\" tg-height=\"305\"></p>\n<p>Moreover, there are still plenty of events that suggest the market environment is likely to remain favorable for the company. For example, the company recently&nbsp;completed its purchase&nbsp;of ZeniMax Media in a deal valued at close to $8 billion and Microsoft was alsogranted a contractto supply high-end headsets (augmented reality devices) for the United States Army in a massive deal valued at nearly $22 billion (over the next decade). Interestingly, the company is also benefitting from a surge in user activity associated with its Teams app, which&nbsp;now boasts 145 million DAUs&nbsp;(marking an increase of more than +26% since October 2020).</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/22b57325aa6a271e6e0c8503c02c6195\" tg-width=\"1006\" tg-height=\"577\"><span>Chart Analysis: The Income Machine</span></p>\n<p>For all of these reasons, it looks as though Microsoft’s recent share price declines might be unsustainable and unlikely to continue much longer. After falling to lows of $249 per share, MSFT has stabilized and made an attempt to gain a foothold above $250 on the daily charts. Interestingly, there appears to be technical support that has become quite pronounced near the stock’s 100-day exponential moving average and this suggests that MSFT is likely to find new buyers in the event that the market bears make another attempt to send share prices below the aforementioned $250 level.</p>\n<p>At current price levels, Microsoft is trading with a price-earnings ratio of just over 34x but while this figure might indicate an elevated premium relative to the broader market, we must remember that the stock is still relatively cheap when compared to the industry averages in the U.S. software sector (which is associated with a price-earnings ratio of more than 51x). As another point of comparison, income investors should note that Microsoft’s return-on-equity figure comes in at an incredible 41.6% and this is far superior to the return-on-equity figure that is associated with the broader industry (at just 13.4%).</p>\n<p>Given that the technology space is widely known for its abilities to produce difficulties for income investors looking for stable yield at a reasonable price, we think that shares of MSFT should be looked at as a “strong buy” after its recent post-earnings decline. While the stock’s dividend yield might be considered somewhat low (at 0.89%), the ability for income investors to use this stock as a way of increasing exposure to the technology sector is a strategy that offers attractive advantages while still generating additional income for long-term retirement portfolios. Ultimately, it makes sense for the stock’s dividend yield to be viewed as an added incentive for the missing portfolio diversification that often plagues income investors that fail to establish enough exposure to the technology sector. Microsoft manages to check all of these boxes and this is why the stock should be considered as a stable name to buy after its recent short-term declines.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft's Perfect Pullback Is A 'Strong Buy'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft's Perfect Pullback Is A 'Strong Buy'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 10:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4423645-microsoft-s-perfect-pullback-is-strong-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nShares of Microsoft encountered a negative market reaction following the release of the tech giant’s third-quarter earnings report.\nBut if the “magnitude of the beat” is the best reason ...</p>\n\n<a href=\"https://seekingalpha.com/article/4423645-microsoft-s-perfect-pullback-is-strong-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSFT":"微软"},"source_url":"https://seekingalpha.com/article/4423645-microsoft-s-perfect-pullback-is-strong-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1160764065","content_text":"Summary\n\nShares of Microsoft encountered a negative market reaction following the release of the tech giant’s third-quarter earnings report.\nBut if the “magnitude of the beat” is the best reason analysts can offer when explaining this reaction, it's time to look the other way and start buying the stock.\nThis failure to acknowledge strength in the company’s underlying performances has produced a pullback on the charts that should not be ignored by income investors looking to build tech exposure.\n\nPhoto by Ethan Miller/Getty Images News via Getty Images\nMicrosoft’s (NASDAQ:MSFT) most recentearnings report showed that the company is firing on all cylinders and experiencing its most rapid growth in revenues since 2018. In addition to providing stellar guidance, the report confirmed prior expectations that the company would surpass analyst estimates for both earnings and revenue for the period. However, the market failed to respond to these numbers in any way that reflected an optimistic outlook and the stock quickly dropped by nearly -5.5% in just two days. On a YTD basis, shares of MSFT are still higher by nearly 16% but the broader picture makes it clear that these recent declines have created a relatively obvious buying opportunity for investors looking to increase exposure in the stock.\nChart Analysis: The Income Machine\nFor the third-quarter period, Microsoft posted an adjusted EPS figure of $1.95 and revenues of $41.71 billion. Of course, this was a substantial beat on the market’s expectations (EPS of $1.78 and revenues of $41 billion) but what might be most important in this case is the fact that Microsoft also offered revenue guidance that was higher than the market’s prior expectations. For long-term investors, this should be much more encouraging than the perceived negative that revenue growth from Microsoft’s Azure cloud segment was flat relative to the previous quarter or that the “magnitude” of the earnings beat was disappointing enough that it justifies lower valuations in share prices.\nSource: Microsoft Earnings Release\nHowever, the market’s response to this release was highly inconsistent with the superior outlook currently supporting the company. While it can be said that weakness in operating margins became apparent during the quarter, income investors should note that Microsoft’s cloud component grew (both in terms of size and importance) and the magnitude of the company’s true negatives seem to have been largely exaggerated. All together, Microsoft’s third-quarter revenue figure revealed growth rates of +19% and that performance makes this the company’s best quarterly result since 2018.\nSource: Macrotrends\nHowever, this incredible run isn’t expected to end once the global effects of the pandemic are finally in a position to show sustained declines. While it’s true that the 2020 market environment fueled an increase in personal computer sales that was large enough to produce shortages throughout the industry, these trends are more than likely to continue for the foreseeable future and this largely explains why Microsoft’s guidance figures continue to surprise to the upside. The company now expects to see revenues of $43.6-$44.5 billion for the fiscal fourth-quarter period and this easily surpasses the prior consensus estimates amongst analysts (which called for quarterly revenues of just under $43 billion).\nSource: Simply Wall Street\nIf Microsoft can simply manage to reach the mid-point of its new guidance range, management’s current outlook indicates that we could be seeing quarterly revenue growth of roughly +16%. But given the broad strength of the company’s growth figures (across most segments), this is starting to look like a conservative estimate and this scenario suggests that Microsoft now finds itself in a position to under-promise and over-perform with its next earnings report.\nSource: Microsoft Earnings Release\nQuite possibly, the Azure Cloud segment might turn out to be the standout performer once again but this is in spite of the fact that the market appeared to be unimpressed with this segment’s most recent growth figures. That said, Microsoft did actually surpass the market’s expectations for growth in the segment (46%) and matched the superior growth performances that were recorded during the prior quarter (with segment gains of 50%). Overall, this helped the company’s Intelligent Cloud business (which also includes Windows Server, GitHub, Visual Studio, Enterprise Services and SQL Server) to generate revenues of $15.1 billion for the period and this indicates an annualized growth rate of +23% for the segment.\nPerhaps it could be argued that other segments failed to match these levels but the growth rates generated by the More Personal Computing and Productivity / Business Processes units were still quite respectable in their own right. Specifically, Microsoft’s More Personal Computing segment (which contains search, devices, and gaming in addition to Windows) generated just over $13 billion in revenues and this marks another quarterly gain of +19%. Furthermore, the company’s Productivity / Business Processes unit (which includes LinkedIn, Dynamics, and Office) produced nearly $13.6 billion in revenues and this indicates gains of +15% for the period.\nWhen we combined this with the news that advertising revenues from LinkedIn hit the $3 billion mark and beat the advertising revenues generated by Snapchat during the last full-year period, factors like the drop in operating margins from Microsoft’s Intelligent Cloud segment (from 44.5% to 42.5%) seem less consequential. Overall, declines in the company’s operating margins were much smaller (falling from 41.6% to 40.9%) and this simply does not seem to justify the market’s bearish reaction following Microsoft’s earnings release.\n\nMoreover, there are still plenty of events that suggest the market environment is likely to remain favorable for the company. For example, the company recently completed its purchase of ZeniMax Media in a deal valued at close to $8 billion and Microsoft was alsogranted a contractto supply high-end headsets (augmented reality devices) for the United States Army in a massive deal valued at nearly $22 billion (over the next decade). Interestingly, the company is also benefitting from a surge in user activity associated with its Teams app, which now boasts 145 million DAUs (marking an increase of more than +26% since October 2020).\nChart Analysis: The Income Machine\nFor all of these reasons, it looks as though Microsoft’s recent share price declines might be unsustainable and unlikely to continue much longer. After falling to lows of $249 per share, MSFT has stabilized and made an attempt to gain a foothold above $250 on the daily charts. Interestingly, there appears to be technical support that has become quite pronounced near the stock’s 100-day exponential moving average and this suggests that MSFT is likely to find new buyers in the event that the market bears make another attempt to send share prices below the aforementioned $250 level.\nAt current price levels, Microsoft is trading with a price-earnings ratio of just over 34x but while this figure might indicate an elevated premium relative to the broader market, we must remember that the stock is still relatively cheap when compared to the industry averages in the U.S. software sector (which is associated with a price-earnings ratio of more than 51x). As another point of comparison, income investors should note that Microsoft’s return-on-equity figure comes in at an incredible 41.6% and this is far superior to the return-on-equity figure that is associated with the broader industry (at just 13.4%).\nGiven that the technology space is widely known for its abilities to produce difficulties for income investors looking for stable yield at a reasonable price, we think that shares of MSFT should be looked at as a “strong buy” after its recent post-earnings decline. While the stock’s dividend yield might be considered somewhat low (at 0.89%), the ability for income investors to use this stock as a way of increasing exposure to the technology sector is a strategy that offers attractive advantages while still generating additional income for long-term retirement portfolios. Ultimately, it makes sense for the stock’s dividend yield to be viewed as an added incentive for the missing portfolio diversification that often plagues income investors that fail to establish enough exposure to the technology sector. Microsoft manages to check all of these boxes and this is why the stock should be considered as a stable name to buy after its recent short-term declines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372002744,"gmtCreate":1619154535588,"gmtModify":1704720495022,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"My first time using tiger trade application. So far so good.&nbsp;","listText":"My first time using tiger trade application. So far so good.&nbsp;","text":"My first time using tiger trade application. So far so good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372002744","isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":108808149,"gmtCreate":1620008089581,"gmtModify":1704337278794,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"Will buy with discounted price.&nbsp;","listText":"Will buy with discounted price.&nbsp;","text":"Will buy with discounted price.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108808149","repostId":"1160764065","repostType":4,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816476623,"gmtCreate":1630527667462,"gmtModify":1676530329023,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816476623","repostId":"1110351476","repostType":4,"repost":{"id":"1110351476","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":1630510441,"share":"https://ttm.financial/m/news/1110351476?lang=&edition=fundamental","pubTime":"2021-09-01 23:34","market":"us","language":"en","title":"Focus Universal Inc. shares surged nearly 230%","url":"https://stock-news.laohu8.com/highlight/detail?id=1110351476","media":"Tiger Newspress","summary":"Focus Universal Inc. shares surged nearly 230%. The stock started trading on Nasdaq Capital Market y","content":"<p>Focus&nbsp;Universal&nbsp;Inc.&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;230%. The stock started trading on Nasdaq Capital Market yesterday.</p>\n<p><img src=\"https://static.tigerbbs.com/20952cc6988ab208c1e782cf45b91b1a\" tg-width=\"878\" tg-height=\"635\" referrerpolicy=\"no-referrer\">Focus Universal Inc. &nbsp;is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Focus Universal Inc. shares surged nearly 230%</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\">\nFocus Universal Inc. shares surged nearly 230%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-09-01 23:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Focus&nbsp;Universal&nbsp;Inc.&nbsp;shares&nbsp;surged&nbsp;nearly&nbsp;230%. The stock started trading on Nasdaq Capital Market yesterday.</p>\n<p><img src=\"https://static.tigerbbs.com/20952cc6988ab208c1e782cf45b91b1a\" tg-width=\"878\" tg-height=\"635\" referrerpolicy=\"no-referrer\">Focus Universal Inc. &nbsp;is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FCUV":"Focus Universal, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110351476","content_text":"Focus Universal Inc. shares surged nearly 230%. The stock started trading on Nasdaq Capital Market yesterday.\nFocus Universal Inc.  is a provider of patented hardware and software design technologies for Internet of Things (IoT) and 5G. The company has developed four disruptive patented technologies to solve the major problems facing hardware design, hardware production, software design and network communication facing both industries today. These technologies combined have potential to reduce costs, product development timelines and energy usage, while increasing range, speed, efficiency and security.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147509951,"gmtCreate":1626361672373,"gmtModify":1703758760309,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"The stock goes down for one day and people start talking about huge market&nbsp;crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.&nbsp;","listText":"The stock goes down for one day and people start talking about huge market&nbsp;crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.&nbsp;","text":"The stock goes down for one day and people start talking about huge market crash. LOL! Yes, there are companies that are not performing well. But if you invest smartly on stable businesses and invest a small percentage in a company with potential growth, you will be fine. Also reinvest your dividends.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/147509951","repostId":"1155093230","repostType":4,"repost":{"id":"1155093230","pubTimestamp":1626359281,"share":"https://ttm.financial/m/news/1155093230?lang=&edition=fundamental","pubTime":"2021-07-15 22:28","market":"us","language":"en","title":"The Big Crash Is Imminent","url":"https://stock-news.laohu8.com/highlight/detail?id=1155093230","media":"seekingalpha","summary":"Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during","content":"<p><b>Summary</b></p>\n<ul>\n <li>The continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.</li>\n <li>The bubble is relatively concentrated and doesn't necessarily pose threats to the market as a whole.</li>\n <li>While it is clear that there is a strong deviation from historical valuation norms, valuations could continue to rise (at least in the short term).</li>\n <li>This article is not meant as fear-mongering, and I may very possibly be wrong about my hypothesis.</li>\n</ul>\n<p>It seems that the talk about whether we are in another Tech bubble has been going on for many years. Articles and news calling for the 'crash of the decade' have been condemned as fear-mongering with little substance to them. After all, technology stocks kept on rising, and those who listened missed out on impressive gains. Now, generally speaking, neither have I been too worried about valuations in the best, as fundamentals towards Technology in our society are simply too strong.</p>\n<p>However, a lot has changed over the course of the pandemic, which has led me to rethink my perspective. As the global pandemic shut down economies around the world and caused substantial economic contraction, federal banks counteracted by injecting trillions of dollars into the economy in the form of stimulus checks, grants, loans, etc. As a result, fresh liquidity immediately reflected itself in stocks and other market instruments.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c688f97bd5e513daa2e0c76d5ace6a1c\" tg-width=\"1845\" tg-height=\"651\" referrerpolicy=\"no-referrer\"><span>Source: Bloomberg</span></p>\n<p>Throughout this article, I want to demonstrate a few graphs to strengthen my argument, with the chart above being the first one. The Nasdaq 100 is perhaps the most common index to track the technology market, although it only includes profitable and large-cap Tech stocks. On average, the index currently holds a Price to Sales ratio of 5.7x, levels that the Index last saw in early 2001 after the dot.com bubble began to bust.</p>\n<p>It is important to note that at the height of the bubble, the ratio stood at 7.5x, around 30% higher than it is right now. Still, the median valuation has been trailing significantly lower, at around 3.5x over the last 20 years. Of course, it can be argued that Technology deserves a higher valuation these days due to the increased use of Technology and perhaps higher growth rates. However, should Technology valuations be nearly 100% higher than just 5 years ago, in 2016, where Technology integration was pretty much at the same level as today?</p>\n<p>Profitability</p>\n<p>In recent years, unprofitable but growing companies have been favored over mature and profitable companies. Usually, rotations from Growth to Value or the other way around occur every 2-5 years, which is totally unsurprising. Historically, in terms of performance, there has been no significant difference in terms of returns on a risk-adjusted basis - it really does depend on the time period of investing. That said, in the last 5 years, growth outperformed value by a wide margin - by 105% to be exact. I derived this from the 5-year performance chart of Vanguard's Growth ETF vs. Vanguard's Value ETF. This compares with an expected anomaly of 5% annually or a 28% expected anomaly for a 5-year time period.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/02ae7e7ebc11fdc907d363cb5da38576\" tg-width=\"640\" tg-height=\"427\" referrerpolicy=\"no-referrer\"><span>Source: Leuthold Group</span></p>\n<p>Unsurprisingly, the number and market value of unprofitable companies has skyrocketed throughout the last couple of years. Here, the total number of unprofitable firms has skyrocketed to over 200, while their combined value handily beats 2000 levels, reaching nearly $2.5 trillion (3 times higher than in 2000). Of course, there is more money in circulation today, so when accounting for the dollar's real value, they are at comparable levels. Again, either way you twist it, there is a significant anomaly in the value of unprofitable companies in the stock market.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5804bc535329d20e013417a7e3f95614\" tg-width=\"500\" tg-height=\"357\" referrerpolicy=\"no-referrer\"><span>Source: FT</span></p>\n<p>As a result, startups have utilized the opportunity to raise as much money as possible by going public. In total, nearly 900 companies in the U.S. have gone public in 2021, raising over $202 billion collectively. Before, the previous record was set in 2000, when around 600 companies rang the bell. What's even more frightening is the fact that a large portion of IPOs went public through special-purpose acquisition companies (SPACs). Many of these companies were acquired early on, with the only objective to go public as soon as possible. Here, various blank-check companies generate little or no revenues and face a rockier path to raising money through traditional IPOs.</p>\n<p>Today's Bubble</p>\n<p>Frankly, today's bubble is fundamentally different from the 2000 bubble, although there are striking similarities. Arguably, the dot.com bubble revolved purely around Internet stocks. Today, the bubble is much broader, ranging from old written-off industries to Consumer Tech, being concentrated on Cybersecurity. This makes sense, considering Cybersecurity is a quickly evolving industry with potentially billions of earnings for future winners in the space. The same applies to E-commerce, Fintech, Cloud Computing, Gene Editing, and other major future industries.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/68b42d04a15d16c506a4abf4feb58df0\" tg-width=\"635\" tg-height=\"518\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>This brings me to my next chart: High-flying stars of the early Internet era traded at similar multiples to cloud computing stars of today (when adjusted for monetary changes). However, early market leaders tend to lose competitive advantages in rising industries, in what someresearchersrefer to as \"First to Market First to Fail.\" Here, early entrants typically bury the greatest market and technological uncertainties.</p>\n<p>In other words, no one knows yet how our new industries will look like and how consumer trends will evolve. For instance, Facebook(NASDAQ:FB)was the 10th social networking company, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)the 12th search engine, etc. Thus, today's most promising companies are unlikely to be the most promising companies 10 years from now. It is therefore questionable if current valuations can be supported in the long term.</p>\n<p>This is where I want to introduce Cisco's(NASDAQ:CSCO)example from 1999. At the time, the dominating Internet company briefly became the world's mostvaluablecompany, boasting a market cap of $569 billion. Certainly, the market wasn't being crazy at the time, considering Cisco's impressive growth rates and a trillion dollars industry ahead that was changing the world. An extract from Cisco's annual report in 1999:</p>\n<blockquote>\n \"Cisco predicted that the Internet would change the way we work, live, play, and learn. For the fiscal year ending July 31, 1999, Cisco reported revenue of $12.15 billion, a 43 percent increase compared with revenue of $8.49 billion in fiscal 1998. Net income for the year was $2.10 billion or $0.62 per common share, compared with fiscal 1998 net income of $1.35 billion or $0.42 per common share. - CiscoAnnual Report1999\"\n</blockquote>\n<p>Now, at the height of Cisco's valuation, the stock was trading at around 35 times Price to Sales, which is comparable to today's valuations, considering gross margins and growth rates. As with every new industry, competition eventually took market share from Cisco and crushed growth rates, leading to a sequential 87% drop in its share price. Although shares somewhat recovered, Cisco is still trading some 33% below all-time highs 22 years later.</p>\n<p><b>\"Cisco Could Be Safest Net Play Around\" -Bloomberg 1999</b></p>\n<p>Again, that does not necessarily mean that the same will happen to today's stars. After all, early winners like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)eventually recovered and are now trading well above dot.com levels. However, it is quite unlikely that all of today's stars will also be tomorrow's stars.</p>\n<p>Inflation...</p>\n<p>Arguably, inflation serves as one of the biggest investment risks in today's market. It was somewhat expected that inflation would tick up once the economy starts to recover with consumer spending skyrocketing. In this regard, the consumer price index rose by 5.4% in June, the highest since August 2008. That is well above the 5% rise reported in May and higher than the 4.9% increase that economists initially forecast. This challenges the Federal Reserve's hopes that the burst of inflationary pressures accompanying the economic reopening will be of temporary nature. Earlier, investors and economists have scrutinized the Federal Reserve's aggressive fiscal and monetary policy.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f507c5687771a8a8de99a914be11665\" tg-width=\"640\" tg-height=\"411\" referrerpolicy=\"no-referrer\"><span>Source: Twitter</span></p>\n<p>Fiscal and monetary policy usually serve as driving factors for the creation of bubbles and are simultaneously responsible for their destruction. For instance, in 2000, the Federal Reserve raised interest rates several times; these actions are believed to have caused the bursting of the dot-com bubble. Interestingly, after the Federal Reserve raised interest rates, stocks initially rallied. If we draw comparisons, a similar price movement can be observed today in Tech stocks, particularly growth stocks. Here, prominent names have been rising by 50% or more since May, despite the Fedwarningof higher interest rates and the potential for 'significant declines' in asset prices as valuations continue to climb.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4a305d90c1f4751d0267c01347a54a33\" tg-width=\"635\" tg-height=\"433\" referrerpolicy=\"no-referrer\"><span>Data by YCharts</span></p>\n<p>That said, Fed President Jim Bullard expects the first interest rate hike coming as soon as 2022, which would be even faster than the consensusexpectationfor the first increase to happen in 2023. Earlier in March, officials initially indicated that they see no increase happening until at least 2024. In other words, in a matter of months, the timeline for a rate hike has shifted forward by 2 years. Thus, the next few months will be crucial to determine which way the timeline will shift; for now, it appears that the prior date is more likely.</p>\n<p>What about Big Tech?</p>\n<p>The question remains whether Big Tech stocks will be as severely affected during a notable pullback. Interestingly, except Apple(NASDAQ:AAPL)and Microsoft, FAANG members, including Facebook, Amazon, and Netflix(NASDAQ:NFLX), have been trailing behind in terms of performance, being reflected in the given valuations. Only Apple and Microsoft saw a notable valuation expansion in every significant metric out of the prominent Big Tech names. Here, Apple's P/E and P/S ratio nearly tripled over the last 5 years from 10x to 32x and 2.5x to 7.5x, respectively. These are historical valuation levels and dwarf the valuation expansions of Microsoft and Alphabet, which are supported by growing profitability over the years. However, it should be noticed that Apple's Price to Book Value disproportionately increased as a result of share buybacks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/596471096e40e42abea97e9ed5a0a6d6\" tg-width=\"635\" tg-height=\"501\"><span>Data by YCharts</span></p>\n<p>On the other hand, Facebook and Amazon observed no significant valuation expansion, which can be tied back to regulatory scrutiny and an overall rotation towards high-growth stocks. Thus, since their market betas are lower than other Tech stocks mentioned earlier, these stocks can serve as a safe haven, at least to some extent. However, an overall drop in the market will lead to short-term weakness in every Technology stock, undervalued or not. Nevertheless, stocks that have underperformed in the rally over the last five years are more likely to outperform during a downturn. Moreover, large Tech companies are less sensitive to higher inflation as they will earn higher interest on their cash reserves.</p>\n<p>So What?</p>\n<p>The stock market is always driven by two contradicting emotions: Fear and Optimism. Over the last couple of years, optimism has clearly dominated the Growth/Technology market, yielding impressive returns and widely outperforming stable but profitable companies. However, valuation growth exceeded business growth for many high-growth companies, making various stocks appear increasingly overvalued. While higher valuations can be supported by the acceleration of Technology in the future, striking similarities of the Tech bubble in 2000 make me increasingly cautious of today's market environment.</p>\n<p>Bubble or not, many graphs point to a significant anomaly in valuations, and it will be difficult for companies to justify these sorts of valuations in the long term. More importantly, a heating economy with rising inflation will pressure the Federal Reserve to raise interest rates to prevent an economic contraction.</p>\n<p>Nonetheless, investors can protect themselves by rotating back into stable value stocks or Big Tech companies that have underperformed on a relative basis. The issue with every insurance is that you are only being paid in the case of a crash, quite literally. After all, valuations of high-growth stocks could continue rising and those not invested miss out on potential gains. Another viable option could be to rotate back into cash, but the same prior issue applies here. Even those who decide to short stocks have to be careful since an upside ceiling doesn't exist in the market.</p>\n<p>This is the point where I would like to address the risks of my thesis: First, inflation may stabilize quicker than expected, which would push a potential interest rate hike back to 2024 or later. In this case, money will continue to be cheap, which will support higher valuations and the growth market in general. Secondly, companies can scale somewhat faster today, making a historical valuation comparison to early years less relevant. Lastly, I could be underappreciating given growth rates and the ability of management to shake off competition in the long run. Still, given the various uncertainties around valuations, I am more fearful than optimistic at the moment.</p>\n<p>In either way, if you have a different opinion or any counterarguments to my thesis, I'm happy to hear about it in the comment section!</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Big Crash Is Imminent</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Big Crash Is Imminent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 22:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4439223-the-big-crash-is-imminent><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.\nThe bubble is relatively concentrated and doesn't necessarily pose ...</p>\n\n<a href=\"https://seekingalpha.com/article/4439223-the-big-crash-is-imminent\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/article/4439223-the-big-crash-is-imminent","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1155093230","content_text":"Summary\n\nThe continuous easing of monetary policy inflated various stocks to levels last seen during the dot.com bubble in 2000.\nThe bubble is relatively concentrated and doesn't necessarily pose threats to the market as a whole.\nWhile it is clear that there is a strong deviation from historical valuation norms, valuations could continue to rise (at least in the short term).\nThis article is not meant as fear-mongering, and I may very possibly be wrong about my hypothesis.\n\nIt seems that the talk about whether we are in another Tech bubble has been going on for many years. Articles and news calling for the 'crash of the decade' have been condemned as fear-mongering with little substance to them. After all, technology stocks kept on rising, and those who listened missed out on impressive gains. Now, generally speaking, neither have I been too worried about valuations in the best, as fundamentals towards Technology in our society are simply too strong.\nHowever, a lot has changed over the course of the pandemic, which has led me to rethink my perspective. As the global pandemic shut down economies around the world and caused substantial economic contraction, federal banks counteracted by injecting trillions of dollars into the economy in the form of stimulus checks, grants, loans, etc. As a result, fresh liquidity immediately reflected itself in stocks and other market instruments.\nSource: Bloomberg\nThroughout this article, I want to demonstrate a few graphs to strengthen my argument, with the chart above being the first one. The Nasdaq 100 is perhaps the most common index to track the technology market, although it only includes profitable and large-cap Tech stocks. On average, the index currently holds a Price to Sales ratio of 5.7x, levels that the Index last saw in early 2001 after the dot.com bubble began to bust.\nIt is important to note that at the height of the bubble, the ratio stood at 7.5x, around 30% higher than it is right now. Still, the median valuation has been trailing significantly lower, at around 3.5x over the last 20 years. Of course, it can be argued that Technology deserves a higher valuation these days due to the increased use of Technology and perhaps higher growth rates. However, should Technology valuations be nearly 100% higher than just 5 years ago, in 2016, where Technology integration was pretty much at the same level as today?\nProfitability\nIn recent years, unprofitable but growing companies have been favored over mature and profitable companies. Usually, rotations from Growth to Value or the other way around occur every 2-5 years, which is totally unsurprising. Historically, in terms of performance, there has been no significant difference in terms of returns on a risk-adjusted basis - it really does depend on the time period of investing. That said, in the last 5 years, growth outperformed value by a wide margin - by 105% to be exact. I derived this from the 5-year performance chart of Vanguard's Growth ETF vs. Vanguard's Value ETF. This compares with an expected anomaly of 5% annually or a 28% expected anomaly for a 5-year time period.\nSource: Leuthold Group\nUnsurprisingly, the number and market value of unprofitable companies has skyrocketed throughout the last couple of years. Here, the total number of unprofitable firms has skyrocketed to over 200, while their combined value handily beats 2000 levels, reaching nearly $2.5 trillion (3 times higher than in 2000). Of course, there is more money in circulation today, so when accounting for the dollar's real value, they are at comparable levels. Again, either way you twist it, there is a significant anomaly in the value of unprofitable companies in the stock market.\nSource: FT\nAs a result, startups have utilized the opportunity to raise as much money as possible by going public. In total, nearly 900 companies in the U.S. have gone public in 2021, raising over $202 billion collectively. Before, the previous record was set in 2000, when around 600 companies rang the bell. What's even more frightening is the fact that a large portion of IPOs went public through special-purpose acquisition companies (SPACs). Many of these companies were acquired early on, with the only objective to go public as soon as possible. Here, various blank-check companies generate little or no revenues and face a rockier path to raising money through traditional IPOs.\nToday's Bubble\nFrankly, today's bubble is fundamentally different from the 2000 bubble, although there are striking similarities. Arguably, the dot.com bubble revolved purely around Internet stocks. Today, the bubble is much broader, ranging from old written-off industries to Consumer Tech, being concentrated on Cybersecurity. This makes sense, considering Cybersecurity is a quickly evolving industry with potentially billions of earnings for future winners in the space. The same applies to E-commerce, Fintech, Cloud Computing, Gene Editing, and other major future industries.\nData by YCharts\nThis brings me to my next chart: High-flying stars of the early Internet era traded at similar multiples to cloud computing stars of today (when adjusted for monetary changes). However, early market leaders tend to lose competitive advantages in rising industries, in what someresearchersrefer to as \"First to Market First to Fail.\" Here, early entrants typically bury the greatest market and technological uncertainties.\nIn other words, no one knows yet how our new industries will look like and how consumer trends will evolve. For instance, Facebook(NASDAQ:FB)was the 10th social networking company, Google(NASDAQ:GOOG)(NASDAQ:GOOGL)the 12th search engine, etc. Thus, today's most promising companies are unlikely to be the most promising companies 10 years from now. It is therefore questionable if current valuations can be supported in the long term.\nThis is where I want to introduce Cisco's(NASDAQ:CSCO)example from 1999. At the time, the dominating Internet company briefly became the world's mostvaluablecompany, boasting a market cap of $569 billion. Certainly, the market wasn't being crazy at the time, considering Cisco's impressive growth rates and a trillion dollars industry ahead that was changing the world. An extract from Cisco's annual report in 1999:\n\n \"Cisco predicted that the Internet would change the way we work, live, play, and learn. For the fiscal year ending July 31, 1999, Cisco reported revenue of $12.15 billion, a 43 percent increase compared with revenue of $8.49 billion in fiscal 1998. Net income for the year was $2.10 billion or $0.62 per common share, compared with fiscal 1998 net income of $1.35 billion or $0.42 per common share. - CiscoAnnual Report1999\"\n\nNow, at the height of Cisco's valuation, the stock was trading at around 35 times Price to Sales, which is comparable to today's valuations, considering gross margins and growth rates. As with every new industry, competition eventually took market share from Cisco and crushed growth rates, leading to a sequential 87% drop in its share price. Although shares somewhat recovered, Cisco is still trading some 33% below all-time highs 22 years later.\n\"Cisco Could Be Safest Net Play Around\" -Bloomberg 1999\nAgain, that does not necessarily mean that the same will happen to today's stars. After all, early winners like Amazon(NASDAQ:AMZN)and Microsoft(NASDAQ:MSFT)eventually recovered and are now trading well above dot.com levels. However, it is quite unlikely that all of today's stars will also be tomorrow's stars.\nInflation...\nArguably, inflation serves as one of the biggest investment risks in today's market. It was somewhat expected that inflation would tick up once the economy starts to recover with consumer spending skyrocketing. In this regard, the consumer price index rose by 5.4% in June, the highest since August 2008. That is well above the 5% rise reported in May and higher than the 4.9% increase that economists initially forecast. This challenges the Federal Reserve's hopes that the burst of inflationary pressures accompanying the economic reopening will be of temporary nature. Earlier, investors and economists have scrutinized the Federal Reserve's aggressive fiscal and monetary policy.\nSource: Twitter\nFiscal and monetary policy usually serve as driving factors for the creation of bubbles and are simultaneously responsible for their destruction. For instance, in 2000, the Federal Reserve raised interest rates several times; these actions are believed to have caused the bursting of the dot-com bubble. Interestingly, after the Federal Reserve raised interest rates, stocks initially rallied. If we draw comparisons, a similar price movement can be observed today in Tech stocks, particularly growth stocks. Here, prominent names have been rising by 50% or more since May, despite the Fedwarningof higher interest rates and the potential for 'significant declines' in asset prices as valuations continue to climb.\nData by YCharts\nThat said, Fed President Jim Bullard expects the first interest rate hike coming as soon as 2022, which would be even faster than the consensusexpectationfor the first increase to happen in 2023. Earlier in March, officials initially indicated that they see no increase happening until at least 2024. In other words, in a matter of months, the timeline for a rate hike has shifted forward by 2 years. Thus, the next few months will be crucial to determine which way the timeline will shift; for now, it appears that the prior date is more likely.\nWhat about Big Tech?\nThe question remains whether Big Tech stocks will be as severely affected during a notable pullback. Interestingly, except Apple(NASDAQ:AAPL)and Microsoft, FAANG members, including Facebook, Amazon, and Netflix(NASDAQ:NFLX), have been trailing behind in terms of performance, being reflected in the given valuations. Only Apple and Microsoft saw a notable valuation expansion in every significant metric out of the prominent Big Tech names. Here, Apple's P/E and P/S ratio nearly tripled over the last 5 years from 10x to 32x and 2.5x to 7.5x, respectively. These are historical valuation levels and dwarf the valuation expansions of Microsoft and Alphabet, which are supported by growing profitability over the years. However, it should be noticed that Apple's Price to Book Value disproportionately increased as a result of share buybacks.\nData by YCharts\nOn the other hand, Facebook and Amazon observed no significant valuation expansion, which can be tied back to regulatory scrutiny and an overall rotation towards high-growth stocks. Thus, since their market betas are lower than other Tech stocks mentioned earlier, these stocks can serve as a safe haven, at least to some extent. However, an overall drop in the market will lead to short-term weakness in every Technology stock, undervalued or not. Nevertheless, stocks that have underperformed in the rally over the last five years are more likely to outperform during a downturn. Moreover, large Tech companies are less sensitive to higher inflation as they will earn higher interest on their cash reserves.\nSo What?\nThe stock market is always driven by two contradicting emotions: Fear and Optimism. Over the last couple of years, optimism has clearly dominated the Growth/Technology market, yielding impressive returns and widely outperforming stable but profitable companies. However, valuation growth exceeded business growth for many high-growth companies, making various stocks appear increasingly overvalued. While higher valuations can be supported by the acceleration of Technology in the future, striking similarities of the Tech bubble in 2000 make me increasingly cautious of today's market environment.\nBubble or not, many graphs point to a significant anomaly in valuations, and it will be difficult for companies to justify these sorts of valuations in the long term. More importantly, a heating economy with rising inflation will pressure the Federal Reserve to raise interest rates to prevent an economic contraction.\nNonetheless, investors can protect themselves by rotating back into stable value stocks or Big Tech companies that have underperformed on a relative basis. The issue with every insurance is that you are only being paid in the case of a crash, quite literally. After all, valuations of high-growth stocks could continue rising and those not invested miss out on potential gains. Another viable option could be to rotate back into cash, but the same prior issue applies here. Even those who decide to short stocks have to be careful since an upside ceiling doesn't exist in the market.\nThis is the point where I would like to address the risks of my thesis: First, inflation may stabilize quicker than expected, which would push a potential interest rate hike back to 2024 or later. In this case, money will continue to be cheap, which will support higher valuations and the growth market in general. Secondly, companies can scale somewhat faster today, making a historical valuation comparison to early years less relevant. Lastly, I could be underappreciating given growth rates and the ability of management to shake off competition in the long run. Still, given the various uncertainties around valuations, I am more fearful than optimistic at the moment.\nIn either way, if you have a different opinion or any counterarguments to my thesis, I'm happy to hear about it in the comment section!","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":239642543747176,"gmtCreate":1699543405110,"gmtModify":1699543409186,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/239642543747176","repostId":"1127296274","repostType":2,"repost":{"id":"1127296274","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":1699541451,"share":"https://ttm.financial/m/news/1127296274?lang=&edition=fundamental","pubTime":"2023-11-09 22:50","market":"us","language":"en","title":"Affirm Stock Soars 22% After Earnings Topped Expectations","url":"https://stock-news.laohu8.com/highlight/detail?id=1127296274","media":"Tiger Newspress","summary":"Affirm‘s fiscal first-quarter results topped Wall Street expectations as the ‘buy now, pay later’ lender saw total merchandise volume climb 28% year over year to $5.6 billion.Revenue at Affirm was $49","content":"<html><head></head><body><p>Affirm‘s fiscal first-quarter results topped Wall Street expectations as the ‘buy now, pay later’ lender saw total merchandise volume climb 28% year over year to $5.6 billion.</p><p style=\"text-align: start;\">Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well ahead of the $444 million forecast by analysts surveyed by FactSet. Losses amounted to $0.57 a share, better than the $0.61 per share loss analysts expected.</p><p>Shares were up 22% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ae984d498f4db78d86a01365d2f5759\" tg-width=\"844\" tg-height=\"623\"/></p><p>Affirm has had a lot to prove in recent years. The stock soared in its first year as a public company in 2021 but shares are down nearly 90% from their peak as investors question whether the lender is equipped to operate in a weaker economy in which its own funding costs have risen.</p><p>Affirm has maintained that its model allows it to swiftly adjust its underwriting to address changes in the economy and consumer behavior. That underwriting has been put to the test as interest rates have remained high and many lenders have seen delinquencies creep up to prepandemic levels.</p><p>In its fiscal first quarter, Affirm noted that 30-day delinquencies ticked up sequentially, in-line with seasonal trends. But delinquencies actually declined 30 basis points year over year, due to adjustments Affirm made to underwriting. (100 basis points is one percentage point.) While Affirm has access to similar data sets as other lenders, it touts its ability to crunch the numbers on merchants, product types, consumer behavior, and other inputs to decide when to extend credit.</p><p>“The thing that we do really well is we’re just a factory floor for building really robust risk models and doing it over and over again,” Max Levchin, chief executive at Affirm, told <em>Barron’s </em>Wednesday.</p><p>Even so, Wall Street had been bearish on Affirm’s stock, with only four of the 18 analysts surveyed by FactSet rating shares the equivalent of a Buy. Eight have a Hold rating on shares, while six have a Sell rating. The average price target on shares is $16.53, down 21% from recent trading levels.</p><p>Some more bullish positions may emerge in light of Wednesday’s results as the company continues to try to grow market share.</p><p>“If you compare Affirm’s volume relative to total commerce in the US, we are a very, very small speck in that giant market. So first, we expect to grow because there’s just a lot more greenfield for us to take and consumer demand for this product is very strong,” Levchin said.</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>Affirm Stock Soars 22% After Earnings Topped Expectations</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\">\nAffirm Stock Soars 22% After Earnings Topped Expectations\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\">2023-11-09 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Affirm‘s fiscal first-quarter results topped Wall Street expectations as the ‘buy now, pay later’ lender saw total merchandise volume climb 28% year over year to $5.6 billion.</p><p style=\"text-align: start;\">Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well ahead of the $444 million forecast by analysts surveyed by FactSet. Losses amounted to $0.57 a share, better than the $0.61 per share loss analysts expected.</p><p>Shares were up 22% in morning trading.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ae984d498f4db78d86a01365d2f5759\" tg-width=\"844\" tg-height=\"623\"/></p><p>Affirm has had a lot to prove in recent years. The stock soared in its first year as a public company in 2021 but shares are down nearly 90% from their peak as investors question whether the lender is equipped to operate in a weaker economy in which its own funding costs have risen.</p><p>Affirm has maintained that its model allows it to swiftly adjust its underwriting to address changes in the economy and consumer behavior. That underwriting has been put to the test as interest rates have remained high and many lenders have seen delinquencies creep up to prepandemic levels.</p><p>In its fiscal first quarter, Affirm noted that 30-day delinquencies ticked up sequentially, in-line with seasonal trends. But delinquencies actually declined 30 basis points year over year, due to adjustments Affirm made to underwriting. (100 basis points is one percentage point.) While Affirm has access to similar data sets as other lenders, it touts its ability to crunch the numbers on merchants, product types, consumer behavior, and other inputs to decide when to extend credit.</p><p>“The thing that we do really well is we’re just a factory floor for building really robust risk models and doing it over and over again,” Max Levchin, chief executive at Affirm, told <em>Barron’s </em>Wednesday.</p><p>Even so, Wall Street had been bearish on Affirm’s stock, with only four of the 18 analysts surveyed by FactSet rating shares the equivalent of a Buy. Eight have a Hold rating on shares, while six have a Sell rating. The average price target on shares is $16.53, down 21% from recent trading levels.</p><p>Some more bullish positions may emerge in light of Wednesday’s results as the company continues to try to grow market share.</p><p>“If you compare Affirm’s volume relative to total commerce in the US, we are a very, very small speck in that giant market. So first, we expect to grow because there’s just a lot more greenfield for us to take and consumer demand for this product is very strong,” Levchin said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AFRM":"Affirm Holdings, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127296274","content_text":"Affirm‘s fiscal first-quarter results topped Wall Street expectations as the ‘buy now, pay later’ lender saw total merchandise volume climb 28% year over year to $5.6 billion.Revenue at Affirm was $497 million, up 37% from the year-ago quarter and well ahead of the $444 million forecast by analysts surveyed by FactSet. Losses amounted to $0.57 a share, better than the $0.61 per share loss analysts expected.Shares were up 22% in morning trading.Affirm has had a lot to prove in recent years. The stock soared in its first year as a public company in 2021 but shares are down nearly 90% from their peak as investors question whether the lender is equipped to operate in a weaker economy in which its own funding costs have risen.Affirm has maintained that its model allows it to swiftly adjust its underwriting to address changes in the economy and consumer behavior. That underwriting has been put to the test as interest rates have remained high and many lenders have seen delinquencies creep up to prepandemic levels.In its fiscal first quarter, Affirm noted that 30-day delinquencies ticked up sequentially, in-line with seasonal trends. But delinquencies actually declined 30 basis points year over year, due to adjustments Affirm made to underwriting. (100 basis points is one percentage point.) While Affirm has access to similar data sets as other lenders, it touts its ability to crunch the numbers on merchants, product types, consumer behavior, and other inputs to decide when to extend credit.“The thing that we do really well is we’re just a factory floor for building really robust risk models and doing it over and over again,” Max Levchin, chief executive at Affirm, told Barron’s Wednesday.Even so, Wall Street had been bearish on Affirm’s stock, with only four of the 18 analysts surveyed by FactSet rating shares the equivalent of a Buy. Eight have a Hold rating on shares, while six have a Sell rating. The average price target on shares is $16.53, down 21% from recent trading levels.Some more bullish positions may emerge in light of Wednesday’s results as the company continues to try to grow market share.“If you compare Affirm’s volume relative to total commerce in the US, we are a very, very small speck in that giant market. So first, we expect to grow because there’s just a lot more greenfield for us to take and consumer demand for this product is very strong,” Levchin said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140728713,"gmtCreate":1625674985232,"gmtModify":1703746294710,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ANY\">$Sphere 3D(ANY)$</a>Not bad!","listText":"<a href=\"https://laohu8.com/S/ANY\">$Sphere 3D(ANY)$</a>Not bad!","text":"$Sphere 3D(ANY)$Not bad!","images":[{"img":"https://static.tigerbbs.com/b90f811861a1f426e09176f1d6f3f9d3","width":"1242","height":"2151"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/140728713","isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372002744,"gmtCreate":1619154535588,"gmtModify":1704720495022,"author":{"id":"3572404944339070","authorId":"3572404944339070","name":"rumman13","avatar":"https://static.tigerbbs.com/e2bdd0f58f0d9659b85c4d6c8fe69bf9","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572404944339070","authorIdStr":"3572404944339070"},"themes":[],"htmlText":"My first time using tiger trade application. So far so good.&nbsp;","listText":"My first time using tiger trade application. So far so good.&nbsp;","text":"My first time using tiger trade application. So far so good.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372002744","isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}