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2021-06-22

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Amazon's Stock Is Ready For The Next Leg Higher

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Furthermore, we will discuss some of the key risks faced by the company.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Amazon (AMZN) is delivering robust revenue and profitability growth in 2021 on top of the stellar numbers registered during the pandemic in 2020. However, investors watching Amazon's stock over the last 12 months or so would be led to think otherwise. After a big move last year, the stock has virtually frozen since mid 2020. In times where meme stock investors are making a lot of tendies (profits), Amazon's near-term underperformance has been disappointing for many long-term investors. However, things could look a lot different in the next 6-12 months. Amazon is set to scale new highs, and I will outline why that's the case in this article.</p>\n<p>The primary driver of a company's price is free cash flow, and Amazon is poised to deliver a lot more of it. Amazon's higher-margin businesses, i.e., Amazon Web Services and Digital Ads (hidden in the \"Other\" segment in financial statements), are seeing accelerated growth. Furthermore, Amazon's e-commerce business also is delivering huge amounts of free cash flow at scale. Over the last 12 months, Amazon garnered $67B of cash from operations, which represents a 69% year-over-year jump. With business showing no signs of slowing down in the post-pandemic world and impending reduction in pandemic costs (billions of dollars per quarter), Amazon could very well deliver a big jump in free cash flow this year. As you may know, Amazon's balance sheet already is a fortress. However, the cash pile is getting so large that initiation of a capital return program could become imperative in the next three to four years.</p>\n<p>After evaluating Amazon using the LASV model, I deduced that the company is worth ~$5,900 per share. This projection means that Amazon is massively undervalued at the moment. Over the last 12 months, Amazon's trading multiples have shrunk back to normalized levels and future growth in revenue and free cash flow are very likely to result in higher stock prices.</p>\n<p><b>The Tale Of A Year-Long Consolidation</b></p>\n<p>At BTM, we own Amazon since it was at around $1,750. However, after a big rally in 2020, we rated the stock a modest buy for quite some time. And so, we are not really surprised by the year-long consolidation.</p>\n<p>Here's our extensive research work on Amazon:</p>\n<ol>\n <li>Retail Ecosystem -Amazon: Here Is What The Retail Segment Is Worth</li>\n <li>Amazon Web Services -Amazon: Here's What You Should Be Monitoring</li>\n <li>Digital Ads -Amazon: The 'Other' Segment May Be Worth More Than AWS</li>\n</ol>\n<p><img src=\"https://static.tigerbbs.com/86ef0b4ba9477ffe4662dd02b4a4fe56\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\">Source: YCharts</p>\n<p>Now, our modest buy ratings from last year have been justified. Amazon has underperformed the S&amp;P 500 index by around 6% in the previous 12-month period. With continued business momentum and stagnant stock price, Amazon's trading multiples have been falling down rapidly since August-2020.</p>\n<p><img src=\"https://static.tigerbbs.com/450a291ce832606dc4568f5b000a234b\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>After rapid normalization in trading multiples due to excellent financial performance, we upgraded the stock at BTM after the latest quarterly report. Although Amazon's underperformance over the last year has been demoralizing for long-term investors, I believe this is the right time to get onboard before a fresh rally ensues in the stock.</p>\n<p><b>Why Is Amazon Ready To Move Higher?</b></p>\n<p>In Q1 2021, Amazon recorded net sales of $108B (up +44% y/y) on the back of swift acceleration in AWS and Ad revenues (\"Other\" segment). Furthermore, we're seeing continued momentum in Amazon's e-commerce and streaming businesses. The following data serves as evidence for the same:</p>\n<p><img src=\"https://static.tigerbbs.com/484d6ffb34aa711d2460f56878a19b30\" tg-width=\"640\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Amazon Q1 2021 Earnings Release</p>\n<p>With acceleration in higher-margin revenue lines, Amazon's operating margin (profitability) is improving rapidly. In the latest quarter, Amazon's TTM operating margins reached an all-time high of 6.63%. At this point, I recommend you read our research coverage on Amazon (shared earlier in this article) to understand the dynamics at play in different business lines at the company.</p>\n<p><img src=\"https://static.tigerbbs.com/4f684da9379808e65eb00bac24f21bd5\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>As you may already know, Amazon is an emerging operating leverage story. In Q1, Amazon's operating income increased by ~122% y/y to come in at $8.865B (rapid q/q acceleration). Over the next 12 months, Amazon would likely deliver an operating income of ~$40-50B. This massive jump in operating income will translate into greater amounts of free cash flow (and, by extension, a higher share price).</p>\n<p><img src=\"https://static.tigerbbs.com/de1ec1d647bed5d59e91bdaa0535d25e\" tg-width=\"640\" tg-height=\"420\"></p>\n<p>Source:&nbsp;Amazon Q1 2021 Earnings Release</p>\n<p>Since 2018, Amazon has seen a big jump in Cash from Operations, which has gone up ~3.5x from ~$20B per year to ~$70B per year in 2021. Amazon, being Amazon, has invested massive amounts of this cash back into its business to drive future revenue growth, resulting in lower levels of free cash flow ($26.5B in 2020). Therefore, I believe Amazon's true free cash flow is much higher than its reported numbers.</p>\n<p><img src=\"https://static.tigerbbs.com/4f1ccee71f8675c6cabd16cf4e08733d\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\">Source: YCharts</p>\n<p>The massive amounts of cash being generated by Amazon are starting to pile up on the balance sheet (which had roughly $34B of cash at the end of last quarter). Further margin expansion is likely to create even more free cash flow over coming quarters and years, and this cash pile will only grow bigger. At some point in the near future, Amazon will need to start returning capital to shareholders through buybacks or dividends. My estimate is that Amazon would start a capital return program by 2025, but I will discuss this prediction in a separate note in the future.</p>\n<p><img src=\"https://static.tigerbbs.com/9c041f8732f0e9557d632f4bc3444b54\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>Amazon is expected to record ~$500B in annual sales in 2021 and I expect Amazon to take over the title of the \"largest company by sales\" in 2022. In my opinion, Amazon still has massive growth left in its armory. According to consensus analyst estimates on Seeking Alpha, Amazon would likely be raking in revenue of $1.5T per year by 2030.</p>\n<p><img src=\"https://static.tigerbbs.com/c6b99e2dd54b3885cd7542d213be0429\" tg-width=\"640\" tg-height=\"635\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Seeking Alpha</p>\n<p>I believe these numbers are achievable. In fact, they're very likely to materialize over the next decade. AWS, Digital Ads, and Amazon Care (in-house healthcare offering (at least for now)) are likely to be the primary drivers of future free cash flow for the company. Now, let's estimate the fair value and expected returns for Amazon.</p>\n<p><b>Fair Value And Expected Returns</b></p>\n<p>To determine Amazon's fair value, we will employ our proprietary valuation model. Here's what it entails:</p>\n<ul>\n <li><p>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p></li>\n <li><p>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p></li>\n <li><p>In step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, using today's share price and the projected share price at the end of 10 years, we arrive at a CAGR. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p></li>\n</ul>\n<p>With massive amounts of cash flow being generated from operations, Amazon could soon find itself with the good problem of having too much cash on its balance sheet. At some point over the next decade, Amazon will need to start returning capital to shareholders (via buybacks or dividends). I will share my analysis as to when that would happen some other time. However, for now, we will build our valuation without accounting for future capital return programs.</p>\n<p><b>Assumptions:</b></p>\n<p><img src=\"https://static.tigerbbs.com/82136b2cd82ebf242b95eb6d17e2f4b1\" tg-width=\"620\" tg-height=\"538\"></p>\n<p>Here are the results:</p>\n<p><img src=\"https://static.tigerbbs.com/50a3cb8964e421080c530abc1b3d62bf\" tg-width=\"603\" tg-height=\"729\">Source: L.A. Stevens Valuation Model</p>\n<p>As per my estimation, Amazon is worth ~$5,900 per share. The stock is trading at ~$3,400, which means Amazon has a near-term upside of +73.5% to its fair value. By utilizing conservative assumptions, we have ensured that our valuation has an ample margin of safety built into it.</p>\n<p>To calculate the total expected return, we simply grow the above free cash flow per share at our conservative growth rate, then assign a conservative multiple, i.e., 30x, to it for year 10. This creates a conservative intrinsic value projection by which we determine when and where to deploy our capital.</p>\n<p>Here are the results:</p>\n<p><img src=\"https://static.tigerbbs.com/1fb09f1799ac5ea2741e204766b4df3c\" tg-width=\"605\" tg-height=\"429\">Source: L.A. Stevens Valuation Model</p>\n<p>As you can see above, Amazon's stock price could grow from ~$3,400 to ~$18,750 at a CAGR of ~18.6% in the next 10 years. Since we haven't considered future buybacks and dividends in today's valuation, there's a good chance that Amazon will outperform our expected return projections. My investment hurdle rate is 15%, and since Amazon's expected return is above this level, I rate Amazon a buy.</p>\n<p><b>Risks</b></p>\n<ul>\n <li>Amazon's visionary founder, Jeff Bezos, is set to step down as Amazon CEO and transition to the role of Executive Chairman of the Board. His replacement is AWS CEO Andy Jassy, who is a very capable business leader, as evidenced by AWS's rise from zero to $50 billion annual revenue business in just 15 years. However, an executive leadership change of this magnitude carries several risks, and we will be keeping a keen eye on Andy over the next few earning calls to understand his vision for Amazon.</li>\n <li>Furthermore, the leadership transition comes at a time when Amazon is facing rising pressure from regulators and lawmakers. In the recent big tech antitrust hearing, most lawmakers came away with the conclusion that Amazon is anti competitive (along with Facebook (FB), Alphabet (GOOG)(NASDAQ:GOOGL), and Apple (AAPL)). With the threat of a DOJ investigation looming large, investors might be nervous about potential outcomes. Any monetary fine would simply be the cost of doing business. For years, Amazon's FCF machine - AWS - has supported the aggressive expansion (anti-competitive behavior) of its retail ecosystem. Therefore, a potential (government-enforced) break up of Amazon is viewed by many as a massive risk for the company. However, Amazon's retail ecosystem is self sustainable now (generates positive FCF), and any breakup could unlock value for shareholders. We shared our views on this topic in thisnote.</li>\n <li>Since Amazon's Ads business is not reliant on personal information for Ad targeting (unlike Facebook and Alphabet), we do not see any major headwinds for this still-emerging, yet crucial business line.</li>\n <li>In the near term, Amazon's e-commerce business could come under pressure as life returns to a new normal in the post-pandemic world. The massive jump in e-commerce revenue could reverse somewhat in upcoming quarters as people regain mobility.</li>\n <li>For the first time in over 15 years, Amazon lost market share to Shopify (SHOP) in 2020. This is a new challenge for Amazon, and the digitization efforts from retail giants like Walmart (WMT) and Target (TGT) are likely to result in greater competition for Amazon.</li>\n <li>Also, Microsoft's Azure (MSFT) is growing faster than AWS (albeit from a lower revenue base). Under Satya Nadella's leadership, Microsoft has emerged as a force to be reckoned with in the cloud services industry. If AWS fails to retain its market leadership position, Amazon could fall short of our projections.</li>\n <li>Amazon's Digital Ads business is likely to be critical to future success for the company. With the threat of potential regulations hanging over the digital ad industry, the numbers projected for this line of business may not materialize.</li>\n <li>The healthcare offering being built at Amazon could be the next big thing (business) to emerge from the company (like AWS, Prime Video, etc.). However, healthcare is a very complicated industry, and pure-plays like Teladoc have a much better chance of winning this market opportunity. Since we are well aware of Amazon's innovation capabilities, I wouldn't necessarily attribute this spending to be an unwarranted risk.</li>\n</ul>\n<p><b>Concluding Thoughts</b></p>\n<p>Amazon's higher-margin businesses are firing on all cylinders (accelerating growth), and while the stock has remained in a tight channel for almost a year now, the second half of 2021 could bring a fresh leg higher. As we saw earlier in this article, Amazon's operating margins are improving steadily due to the rapid growth of higher-margin businesses, i.e., AWS and Digital Ads.</p>\n<p>In the last 12 months or so, Amazon's stock has been consolidating in a sideways channel. During this time, trading multiples have normalized, and Amazon is now trading at pre-pandemic levels. With robust revenue growth and margin expansion on the horizon, Amazon's stock is set to move higher.</p>\n<p>Key Takeaway: I rate Amazon a buy at $3,400.</p>\n<p>Thanks for reading, remember to follow for more, and happy investing!</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>Amazon's Stock Is Ready For The Next Leg Higher</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's Stock Is Ready For The Next Leg Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAfter a year-long consolidation in stock prices, Amazon looks set to move higher due to continued momentum in its higher-margin businesses, i.e., AWS and Digital Ads.\nAmazon looks poised to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1127414335","content_text":"Summary\n\nAfter a year-long consolidation in stock prices, Amazon looks set to move higher due to continued momentum in its higher-margin businesses, i.e., AWS and Digital Ads.\nAmazon looks poised to blow past $500B in annual sales in 2021 with massive improvements in operating margins (profitability).\nThe stock is trading well below its fair value of $5,900 per share, and investors could generate ~19% CAGR returns over the next decade with Amazon.\nToday, I will share my analysis that suggests a fresh leg higher for Amazon's stock. Furthermore, we will discuss some of the key risks faced by the company.\n\nInvestment Thesis\nAmazon (AMZN) is delivering robust revenue and profitability growth in 2021 on top of the stellar numbers registered during the pandemic in 2020. However, investors watching Amazon's stock over the last 12 months or so would be led to think otherwise. After a big move last year, the stock has virtually frozen since mid 2020. In times where meme stock investors are making a lot of tendies (profits), Amazon's near-term underperformance has been disappointing for many long-term investors. However, things could look a lot different in the next 6-12 months. Amazon is set to scale new highs, and I will outline why that's the case in this article.\nThe primary driver of a company's price is free cash flow, and Amazon is poised to deliver a lot more of it. Amazon's higher-margin businesses, i.e., Amazon Web Services and Digital Ads (hidden in the \"Other\" segment in financial statements), are seeing accelerated growth. Furthermore, Amazon's e-commerce business also is delivering huge amounts of free cash flow at scale. Over the last 12 months, Amazon garnered $67B of cash from operations, which represents a 69% year-over-year jump. With business showing no signs of slowing down in the post-pandemic world and impending reduction in pandemic costs (billions of dollars per quarter), Amazon could very well deliver a big jump in free cash flow this year. As you may know, Amazon's balance sheet already is a fortress. However, the cash pile is getting so large that initiation of a capital return program could become imperative in the next three to four years.\nAfter evaluating Amazon using the LASV model, I deduced that the company is worth ~$5,900 per share. This projection means that Amazon is massively undervalued at the moment. Over the last 12 months, Amazon's trading multiples have shrunk back to normalized levels and future growth in revenue and free cash flow are very likely to result in higher stock prices.\nThe Tale Of A Year-Long Consolidation\nAt BTM, we own Amazon since it was at around $1,750. However, after a big rally in 2020, we rated the stock a modest buy for quite some time. And so, we are not really surprised by the year-long consolidation.\nHere's our extensive research work on Amazon:\n\nRetail Ecosystem -Amazon: Here Is What The Retail Segment Is Worth\nAmazon Web Services -Amazon: Here's What You Should Be Monitoring\nDigital Ads -Amazon: The 'Other' Segment May Be Worth More Than AWS\n\nSource: YCharts\nNow, our modest buy ratings from last year have been justified. Amazon has underperformed the S&P 500 index by around 6% in the previous 12-month period. With continued business momentum and stagnant stock price, Amazon's trading multiples have been falling down rapidly since August-2020.\n\nSource: YCharts\nAfter rapid normalization in trading multiples due to excellent financial performance, we upgraded the stock at BTM after the latest quarterly report. Although Amazon's underperformance over the last year has been demoralizing for long-term investors, I believe this is the right time to get onboard before a fresh rally ensues in the stock.\nWhy Is Amazon Ready To Move Higher?\nIn Q1 2021, Amazon recorded net sales of $108B (up +44% y/y) on the back of swift acceleration in AWS and Ad revenues (\"Other\" segment). Furthermore, we're seeing continued momentum in Amazon's e-commerce and streaming businesses. The following data serves as evidence for the same:\n\nSource:Amazon Q1 2021 Earnings Release\nWith acceleration in higher-margin revenue lines, Amazon's operating margin (profitability) is improving rapidly. In the latest quarter, Amazon's TTM operating margins reached an all-time high of 6.63%. At this point, I recommend you read our research coverage on Amazon (shared earlier in this article) to understand the dynamics at play in different business lines at the company.\n\nSource: YCharts\nAs you may already know, Amazon is an emerging operating leverage story. In Q1, Amazon's operating income increased by ~122% y/y to come in at $8.865B (rapid q/q acceleration). Over the next 12 months, Amazon would likely deliver an operating income of ~$40-50B. This massive jump in operating income will translate into greater amounts of free cash flow (and, by extension, a higher share price).\n\nSource: Amazon Q1 2021 Earnings Release\nSince 2018, Amazon has seen a big jump in Cash from Operations, which has gone up ~3.5x from ~$20B per year to ~$70B per year in 2021. Amazon, being Amazon, has invested massive amounts of this cash back into its business to drive future revenue growth, resulting in lower levels of free cash flow ($26.5B in 2020). Therefore, I believe Amazon's true free cash flow is much higher than its reported numbers.\nSource: YCharts\nThe massive amounts of cash being generated by Amazon are starting to pile up on the balance sheet (which had roughly $34B of cash at the end of last quarter). Further margin expansion is likely to create even more free cash flow over coming quarters and years, and this cash pile will only grow bigger. At some point in the near future, Amazon will need to start returning capital to shareholders through buybacks or dividends. My estimate is that Amazon would start a capital return program by 2025, but I will discuss this prediction in a separate note in the future.\n\nSource: YCharts\nAmazon is expected to record ~$500B in annual sales in 2021 and I expect Amazon to take over the title of the \"largest company by sales\" in 2022. In my opinion, Amazon still has massive growth left in its armory. According to consensus analyst estimates on Seeking Alpha, Amazon would likely be raking in revenue of $1.5T per year by 2030.\n\nSource:Seeking Alpha\nI believe these numbers are achievable. In fact, they're very likely to materialize over the next decade. AWS, Digital Ads, and Amazon Care (in-house healthcare offering (at least for now)) are likely to be the primary drivers of future free cash flow for the company. Now, let's estimate the fair value and expected returns for Amazon.\nFair Value And Expected Returns\nTo determine Amazon's fair value, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, using today's share price and the projected share price at the end of 10 years, we arrive at a CAGR. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\n\nWith massive amounts of cash flow being generated from operations, Amazon could soon find itself with the good problem of having too much cash on its balance sheet. At some point over the next decade, Amazon will need to start returning capital to shareholders (via buybacks or dividends). I will share my analysis as to when that would happen some other time. However, for now, we will build our valuation without accounting for future capital return programs.\nAssumptions:\n\nHere are the results:\nSource: L.A. Stevens Valuation Model\nAs per my estimation, Amazon is worth ~$5,900 per share. The stock is trading at ~$3,400, which means Amazon has a near-term upside of +73.5% to its fair value. By utilizing conservative assumptions, we have ensured that our valuation has an ample margin of safety built into it.\nTo calculate the total expected return, we simply grow the above free cash flow per share at our conservative growth rate, then assign a conservative multiple, i.e., 30x, to it for year 10. This creates a conservative intrinsic value projection by which we determine when and where to deploy our capital.\nHere are the results:\nSource: L.A. Stevens Valuation Model\nAs you can see above, Amazon's stock price could grow from ~$3,400 to ~$18,750 at a CAGR of ~18.6% in the next 10 years. Since we haven't considered future buybacks and dividends in today's valuation, there's a good chance that Amazon will outperform our expected return projections. My investment hurdle rate is 15%, and since Amazon's expected return is above this level, I rate Amazon a buy.\nRisks\n\nAmazon's visionary founder, Jeff Bezos, is set to step down as Amazon CEO and transition to the role of Executive Chairman of the Board. His replacement is AWS CEO Andy Jassy, who is a very capable business leader, as evidenced by AWS's rise from zero to $50 billion annual revenue business in just 15 years. However, an executive leadership change of this magnitude carries several risks, and we will be keeping a keen eye on Andy over the next few earning calls to understand his vision for Amazon.\nFurthermore, the leadership transition comes at a time when Amazon is facing rising pressure from regulators and lawmakers. In the recent big tech antitrust hearing, most lawmakers came away with the conclusion that Amazon is anti competitive (along with Facebook (FB), Alphabet (GOOG)(NASDAQ:GOOGL), and Apple (AAPL)). With the threat of a DOJ investigation looming large, investors might be nervous about potential outcomes. Any monetary fine would simply be the cost of doing business. For years, Amazon's FCF machine - AWS - has supported the aggressive expansion (anti-competitive behavior) of its retail ecosystem. Therefore, a potential (government-enforced) break up of Amazon is viewed by many as a massive risk for the company. However, Amazon's retail ecosystem is self sustainable now (generates positive FCF), and any breakup could unlock value for shareholders. We shared our views on this topic in thisnote.\nSince Amazon's Ads business is not reliant on personal information for Ad targeting (unlike Facebook and Alphabet), we do not see any major headwinds for this still-emerging, yet crucial business line.\nIn the near term, Amazon's e-commerce business could come under pressure as life returns to a new normal in the post-pandemic world. The massive jump in e-commerce revenue could reverse somewhat in upcoming quarters as people regain mobility.\nFor the first time in over 15 years, Amazon lost market share to Shopify (SHOP) in 2020. This is a new challenge for Amazon, and the digitization efforts from retail giants like Walmart (WMT) and Target (TGT) are likely to result in greater competition for Amazon.\nAlso, Microsoft's Azure (MSFT) is growing faster than AWS (albeit from a lower revenue base). Under Satya Nadella's leadership, Microsoft has emerged as a force to be reckoned with in the cloud services industry. If AWS fails to retain its market leadership position, Amazon could fall short of our projections.\nAmazon's Digital Ads business is likely to be critical to future success for the company. With the threat of potential regulations hanging over the digital ad industry, the numbers projected for this line of business may not materialize.\nThe healthcare offering being built at Amazon could be the next big thing (business) to emerge from the company (like AWS, Prime Video, etc.). However, healthcare is a very complicated industry, and pure-plays like Teladoc have a much better chance of winning this market opportunity. Since we are well aware of Amazon's innovation capabilities, I wouldn't necessarily attribute this spending to be an unwarranted risk.\n\nConcluding Thoughts\nAmazon's higher-margin businesses are firing on all cylinders (accelerating growth), and while the stock has remained in a tight channel for almost a year now, the second half of 2021 could bring a fresh leg higher. As we saw earlier in this article, Amazon's operating margins are improving steadily due to the rapid growth of higher-margin businesses, i.e., AWS and Digital Ads.\nIn the last 12 months or so, Amazon's stock has been consolidating in a sideways channel. During this time, trading multiples have normalized, and Amazon is now trading at pre-pandemic levels. With robust revenue growth and margin expansion on the horizon, Amazon's stock is set to move higher.\nKey Takeaway: I rate Amazon a buy at $3,400.\nThanks for reading, remember to follow for more, and happy investing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120816045,"gmtCreate":1624318701987,"gmtModify":1703833168414,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120816045","repostId":"2145031425","repostType":4,"repost":{"id":"2145031425","pubTimestamp":1624318087,"share":"https://ttm.financial/m/news/2145031425?lang=&edition=fundamental","pubTime":"2021-06-22 07:28","market":"us","language":"en","title":"Moderna Plans To Expand COVID-19 Vaccine Production By 50% Including Boosters, Supply Other Countries","url":"https://stock-news.laohu8.com/highlight/detail?id=2145031425","media":"Benzinga","summary":"Moderna Inc (NASDAQ: MRNA) will be adding two new production lines at the rebuilt former Polaroid pl","content":"<p><img src=\"https://static.tigerbbs.com/b52e3a034da672fc03c5d547be4af2e5\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<ul>\n <li><b>Moderna Inc</b>&nbsp;(NASDAQ: MRNA)&nbsp;will be adding two new production lines&nbsp;at the rebuilt former Polaroid plant where it manufactures its COVID-19 vaccine to prepare for making booster shots.</li>\n <li>The company is getting <a href=\"https://laohu8.com/S/AONE\">one</a> new line up and running by fall and the other by early 2022.</li>\n <li>The additions will help Moderna increase its overall production capacity by 50% at its plant in the Boston suburb of Norwood.</li>\n <li>Moderna and its manufacturing partners are also expanding production capacity outside the U.S., aiming to roughly triple the annual global output of COVID-19 vaccine doses to about 3 billion in 2022 from as many as 1 billion this year.</li>\n <li>Company officials said the latest expansion would help Moderna boost its overall supply of COVID-19 vaccine doses to the U.S. and other countries.</li>\n <li>Citing FactSet,&nbsp;Wall Street Journal posted&nbsp;that Moderna’s COVID-19 vaccine sales will top $17.1 billion this year, dip slightly to $16.8 billion in 2022 and come in at $7.4 billion in 2023.</li>\n <li>The company currently makes between 40 million to 50 million doses a month in the U.S., most of which is made at the Norwood plant, but some are made at a contractor’s plant in New Hampshire, WSJ noted.</li>\n <li>Moderna has been on a hiring spree. Last year, the company added nearly 500 employees, boosting its workforce to 1,300.</li>\n <li>The company said earlier this week it had agreed to provide the U.S. an&nbsp;additional 200 million doses&nbsp;starting later this year, over an above 300 million Moderna expects it will have delivered for U.S. use by the end of July.</li>\n <li><b>Price Action:</b>&nbsp;MRNA shares are up 4.86% at $208.87 during the market trading session on the last check Monday.</li>\n</ul>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Moderna Plans To Expand COVID-19 Vaccine Production By 50% Including Boosters, Supply Other Countries</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\">\nModerna Plans To Expand COVID-19 Vaccine Production By 50% Including Boosters, Supply Other Countries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 07:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/moderna-plans-expand-covid-19-190507394.html><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Moderna Inc (NASDAQ: MRNA) will be adding two new production lines at the rebuilt former Polaroid plant where it manufactures its COVID-19 vaccine to prepare for making booster shots.\nThe company is ...</p>\n\n<a href=\"https://finance.yahoo.com/news/moderna-plans-expand-covid-19-190507394.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRNA":"Moderna, Inc."},"source_url":"https://finance.yahoo.com/news/moderna-plans-expand-covid-19-190507394.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2145031425","content_text":"Moderna Inc (NASDAQ: MRNA) will be adding two new production lines at the rebuilt former Polaroid plant where it manufactures its COVID-19 vaccine to prepare for making booster shots.\nThe company is getting one new line up and running by fall and the other by early 2022.\nThe additions will help Moderna increase its overall production capacity by 50% at its plant in the Boston suburb of Norwood.\nModerna and its manufacturing partners are also expanding production capacity outside the U.S., aiming to roughly triple the annual global output of COVID-19 vaccine doses to about 3 billion in 2022 from as many as 1 billion this year.\nCompany officials said the latest expansion would help Moderna boost its overall supply of COVID-19 vaccine doses to the U.S. and other countries.\nCiting FactSet, Wall Street Journal posted that Moderna’s COVID-19 vaccine sales will top $17.1 billion this year, dip slightly to $16.8 billion in 2022 and come in at $7.4 billion in 2023.\nThe company currently makes between 40 million to 50 million doses a month in the U.S., most of which is made at the Norwood plant, but some are made at a contractor’s plant in New Hampshire, WSJ noted.\nModerna has been on a hiring spree. Last year, the company added nearly 500 employees, boosting its workforce to 1,300.\nThe company said earlier this week it had agreed to provide the U.S. an additional 200 million doses starting later this year, over an above 300 million Moderna expects it will have delivered for U.S. use by the end of July.\nPrice Action: MRNA shares are up 4.86% at $208.87 during the market trading session on the last check Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164423453,"gmtCreate":1624234007672,"gmtModify":1703830972847,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164423453","repostId":"2145023757","repostType":4,"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164429175,"gmtCreate":1624233979397,"gmtModify":1703830970906,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164429175","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","JNJ":"强生","NKE":"耐克","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162685974,"gmtCreate":1624061483198,"gmtModify":1703827775365,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162685974","repostId":"2144742013","repostType":4,"repost":{"id":"2144742013","pubTimestamp":1624008600,"share":"https://ttm.financial/m/news/2144742013?lang=&edition=fundamental","pubTime":"2021-06-18 17:30","market":"us","language":"en","title":"Is Tattooed Chef the Next Beyond Meat? 3 Points to Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742013","media":"Motley Fool","summary":"The company is generating growth, but its bottom line is cause for some concern.","content":"<p>Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, <b>Tattooed Chef</b> (NASDAQ:TTCF) says in its own investor materials that it's looking to be a disruptive upstart in the fast-growing plant-based foods sector. After a pair of recent acquisitions and a toothsome first-quarter earnings report, investors rewarded the company with a 20% share price increase in May.</p>\n<p>An investor conference began on June 16, allowing investors to get a better look at the company's recent background and get clues as to where it might be going. Here are three points you may want to consider while deciding if Tattooed Chef is the next <b>Beyond Meat</b> (NASDAQ:BYND) or if its weaknesses will limit its growth.</p>\n<h2>1. Tattooed Chef's operations are thriving</h2>\n<p>Despite the company having a traditional advertising budget of zero, Tattooed Chef's sales are booming, with overall revenue jumping 59% year over year from $33.2 million in Q1 2020 to $52.7 million in Q1 2021. An even more favorable sign for customer loyalty and brand recognition was the 105% year-over-year surge in products specifically branded with the Tattooed Chef name (the company also produces store-brand food products for various retailers). The company is projecting between $235 million and $242 million in total revenue for 2021 and a minimum of $300 million in the coming year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9b21e26263590dd121318b21e10d79a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<p>The plant-based food maker is also achieving notable growth in the extent of its distribution network. According to company data, the number of stores carrying its products soared 41% between Dec. 31, 2020, and March 31, 2021, rising from 4,300 to 6,065. Points of distribution jumped to 31,000 from 23,000, an increase of nearly 35%.</p>\n<p>During the Q1 earnings conference call, CEO Salvatore Galletti said that by Q2's end on June 30, \"We expect to be an additional 1,162 stores with 8,000 new points of distribution, including a number of larger grocery chains.\" He added, \"We are confident we can achieve our 2021 objective of 10,000 stores and 65,000 points of distribution for Tattooed Chef by year end.\"</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> early May acquisitions by Tattooed Chef, costing the company a total of $35 million, could be a catalyst for stronger growth and expanded production, too. Tattooed snapped up Karsten Tortilla Factory and New Mexico Food Distributors. According to Galletti, it \"will be immediately addressing the $1 billion Frozen Mexican Food category once the transactions close,\" and will use the new acquisitions as a stepping stone into the $20 billion market for \"Hispanic/Southwest\" food.</p>\n<p>With Abasto reporting around two-thirds of Americans (233 million) using at least some Mexican foods or recipes according to Statista research, and growth in this type of dining expected to continue, Tattooed Chef's move helps it establish a new position in a strong market sector. The purchase also adds 118,000 square feet of production facilities to its total, helping prevent a processing bottleneck during this period of rapid sales growth. Galletti remarks the two acquisitions are projected to \"contribute up to $200 million annually in revenue in the next two to three years and create significant value.\"</p>\n<p>The company is also expanding from a focus on frozen and refrigerated foods to shelf-stable foods (which it refers to with the buzzword phrase \"ambient foods\" in company literature). With sales of major shelf-stable food categories such as vegetables and soups having grown anywhere from 28% to 31.3% in 2020 according to market research firm IRI, this could be another potential sales driver.</p>\n<h2>2. It's not all sunshine for the company</h2>\n<p>Despite its skyrocketing sales and its relative freedom from the expense of a significant advertising budget, Tattooed Chef still registered a net loss in Q1 2021. The company's bottom line has worsened year over year: It produced positive $5.9 million net income in Q1 2020 versus a $7.9 million net loss in the same period this year. It has seen a rise in operating expenses, including a few million directed towards marketing and several million directed towards stock compensation.</p>\n<p>While Tattooed Chef makes plant-based cauliflower burgers, it simply doesn't have the serious research and development (R&amp;D) muscle of Beyond Meat or privately held Impossible Foods to produce meat substitutes at the same level. While Beyond and Impossible maintain laboratories and fund teams of scientists to develop plant protein faux meat closely mimicking the flavor, texture, cooking characteristics, nutrition, and even bleeding of actual meat and are working on similarly advanced plant-based milk and eggs, Tattooed Chef's cauliflower burgers are just spiced and breaded cauliflower patties, a far more casual approach.</p>\n<p>Given that Beyond and Impossible owe their success to the accurate simulation of meat in a plant-based format, Tattooed Chef seems unlikely to tap strongly into that growth market. Its acai bowls, smoothie bowls, and other products, while proving salable, don't have the cutting-edge sales leverage of the advanced faux meats offered by its competitors and might be readily substituted with other companies' frozen meal bowls. Tattooed Chef, at this point, appears to lack the powerful, clear-cut product differentiation at the heart of the success of manufacturers like Beyond Meat.</p>\n<h2>3. The high short interest in Tattooed Chef is a wild card</h2>\n<p>One factor with potentially unpredictable consequences for Tattooed Chef is high short interest, standing at slightly over 36% at the start of June. Under ordinary market conditions, this would be a negative, indicating a large cohort of short-sellers have done their due diligence and found the company's fundamentals to be significantly lacking. A few years ago, this beefy short interest would have been a definitive warning sign about the company's future.</p>\n<p>In today's stock market climate, however, the high short interest could potentially attract the attention of large numbers of retail investors, such as those from the millions-strong r/WallStreetBets Reddit community. Noted for their tremendous short squeeze on the stock of video game seller <b>GameStop</b> and a growing handful of other \"meme stocks,\" these Redditors and other small investors remain on the lookout for heavily shorted stocks to buy in quantity.</p>\n<p>While Tattooed Chef seems to have drawn relatively little notice from these investors up until now, the quest for the next short squeeze takedown could eventually see the company become a meme stock, too. In this case, an attempted squeeze by WallStreetBets readers could pump immense streams of cash into Tattooed Chef, giving the company ample liquidity to aggressively pursue expansion, boost production capacity, and increase the range of product development.</p>\n<h2>Should you add a taste of Tattooed Chef to your portfolio?</h2>\n<p>While Tattooed Chef isn't making the groundbreaking plant-based meat or dairy products of Beyond Meat or Impossible Foods, it appears to have some real potential to become a profitable midsize vegetarian and vegan meal company. Its troubled bottom line and high short interest point to some risk, though, as noted, the latter could become an asset if the company becomes a meme stock and draws a major short squeeze cash inflow from Reddit retail investors at some point.</p>\n<p>Even without such a windfall, however, Tattooed Chef's entry into the Mexican-style food market, along with its rapid development of distribution channels, look like bullish indicators. While the company's future is uncertain and carries some risk, Fools investing in food stocks&nbsp;may want to consider adding at least a few of the company's shares to their holdings.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tattooed Chef the Next Beyond Meat? 3 Points to Consider</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\">\nIs Tattooed Chef the Next Beyond Meat? 3 Points to Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, Tattooed Chef (NASDAQ:TTCF) says in its own investor materials that ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc.","PCOM":"Points International"},"source_url":"https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742013","content_text":"Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, Tattooed Chef (NASDAQ:TTCF) says in its own investor materials that it's looking to be a disruptive upstart in the fast-growing plant-based foods sector. After a pair of recent acquisitions and a toothsome first-quarter earnings report, investors rewarded the company with a 20% share price increase in May.\nAn investor conference began on June 16, allowing investors to get a better look at the company's recent background and get clues as to where it might be going. Here are three points you may want to consider while deciding if Tattooed Chef is the next Beyond Meat (NASDAQ:BYND) or if its weaknesses will limit its growth.\n1. Tattooed Chef's operations are thriving\nDespite the company having a traditional advertising budget of zero, Tattooed Chef's sales are booming, with overall revenue jumping 59% year over year from $33.2 million in Q1 2020 to $52.7 million in Q1 2021. An even more favorable sign for customer loyalty and brand recognition was the 105% year-over-year surge in products specifically branded with the Tattooed Chef name (the company also produces store-brand food products for various retailers). The company is projecting between $235 million and $242 million in total revenue for 2021 and a minimum of $300 million in the coming year.\nImage source: Getty Images.\nThe plant-based food maker is also achieving notable growth in the extent of its distribution network. According to company data, the number of stores carrying its products soared 41% between Dec. 31, 2020, and March 31, 2021, rising from 4,300 to 6,065. Points of distribution jumped to 31,000 from 23,000, an increase of nearly 35%.\nDuring the Q1 earnings conference call, CEO Salvatore Galletti said that by Q2's end on June 30, \"We expect to be an additional 1,162 stores with 8,000 new points of distribution, including a number of larger grocery chains.\" He added, \"We are confident we can achieve our 2021 objective of 10,000 stores and 65,000 points of distribution for Tattooed Chef by year end.\"\nTwo early May acquisitions by Tattooed Chef, costing the company a total of $35 million, could be a catalyst for stronger growth and expanded production, too. Tattooed snapped up Karsten Tortilla Factory and New Mexico Food Distributors. According to Galletti, it \"will be immediately addressing the $1 billion Frozen Mexican Food category once the transactions close,\" and will use the new acquisitions as a stepping stone into the $20 billion market for \"Hispanic/Southwest\" food.\nWith Abasto reporting around two-thirds of Americans (233 million) using at least some Mexican foods or recipes according to Statista research, and growth in this type of dining expected to continue, Tattooed Chef's move helps it establish a new position in a strong market sector. The purchase also adds 118,000 square feet of production facilities to its total, helping prevent a processing bottleneck during this period of rapid sales growth. Galletti remarks the two acquisitions are projected to \"contribute up to $200 million annually in revenue in the next two to three years and create significant value.\"\nThe company is also expanding from a focus on frozen and refrigerated foods to shelf-stable foods (which it refers to with the buzzword phrase \"ambient foods\" in company literature). With sales of major shelf-stable food categories such as vegetables and soups having grown anywhere from 28% to 31.3% in 2020 according to market research firm IRI, this could be another potential sales driver.\n2. It's not all sunshine for the company\nDespite its skyrocketing sales and its relative freedom from the expense of a significant advertising budget, Tattooed Chef still registered a net loss in Q1 2021. The company's bottom line has worsened year over year: It produced positive $5.9 million net income in Q1 2020 versus a $7.9 million net loss in the same period this year. It has seen a rise in operating expenses, including a few million directed towards marketing and several million directed towards stock compensation.\nWhile Tattooed Chef makes plant-based cauliflower burgers, it simply doesn't have the serious research and development (R&D) muscle of Beyond Meat or privately held Impossible Foods to produce meat substitutes at the same level. While Beyond and Impossible maintain laboratories and fund teams of scientists to develop plant protein faux meat closely mimicking the flavor, texture, cooking characteristics, nutrition, and even bleeding of actual meat and are working on similarly advanced plant-based milk and eggs, Tattooed Chef's cauliflower burgers are just spiced and breaded cauliflower patties, a far more casual approach.\nGiven that Beyond and Impossible owe their success to the accurate simulation of meat in a plant-based format, Tattooed Chef seems unlikely to tap strongly into that growth market. Its acai bowls, smoothie bowls, and other products, while proving salable, don't have the cutting-edge sales leverage of the advanced faux meats offered by its competitors and might be readily substituted with other companies' frozen meal bowls. Tattooed Chef, at this point, appears to lack the powerful, clear-cut product differentiation at the heart of the success of manufacturers like Beyond Meat.\n3. The high short interest in Tattooed Chef is a wild card\nOne factor with potentially unpredictable consequences for Tattooed Chef is high short interest, standing at slightly over 36% at the start of June. Under ordinary market conditions, this would be a negative, indicating a large cohort of short-sellers have done their due diligence and found the company's fundamentals to be significantly lacking. A few years ago, this beefy short interest would have been a definitive warning sign about the company's future.\nIn today's stock market climate, however, the high short interest could potentially attract the attention of large numbers of retail investors, such as those from the millions-strong r/WallStreetBets Reddit community. Noted for their tremendous short squeeze on the stock of video game seller GameStop and a growing handful of other \"meme stocks,\" these Redditors and other small investors remain on the lookout for heavily shorted stocks to buy in quantity.\nWhile Tattooed Chef seems to have drawn relatively little notice from these investors up until now, the quest for the next short squeeze takedown could eventually see the company become a meme stock, too. In this case, an attempted squeeze by WallStreetBets readers could pump immense streams of cash into Tattooed Chef, giving the company ample liquidity to aggressively pursue expansion, boost production capacity, and increase the range of product development.\nShould you add a taste of Tattooed Chef to your portfolio?\nWhile Tattooed Chef isn't making the groundbreaking plant-based meat or dairy products of Beyond Meat or Impossible Foods, it appears to have some real potential to become a profitable midsize vegetarian and vegan meal company. Its troubled bottom line and high short interest point to some risk, though, as noted, the latter could become an asset if the company becomes a meme stock and draws a major short squeeze cash inflow from Reddit retail investors at some point.\nEven without such a windfall, however, Tattooed Chef's entry into the Mexican-style food market, along with its rapid development of distribution channels, look like bullish indicators. While the company's future is uncertain and carries some risk, Fools investing in food stocks may want to consider adding at least a few of the company's shares to their holdings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162686646,"gmtCreate":1624061448585,"gmtModify":1703827773226,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162686646","repostId":"2144755197","repostType":4,"repost":{"id":"2144755197","pubTimestamp":1624014942,"share":"https://ttm.financial/m/news/2144755197?lang=&edition=fundamental","pubTime":"2021-06-18 19:15","market":"us","language":"en","title":"Fox Corp Gains After Lifting Its Share Buyback Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2144755197","media":"Investing.com","summary":"Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade ","content":"<p>Investing.com – <a href=\"https://laohu8.com/S/FOXBV\">Fox Corp</a> .&nbsp; (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase program.</p>\n<p>The company already had a $2 billion share buyback plan. Of this, share buybacks of $1.56 billion have already been completed.</p>\n<p>Subject to market conditions and other factors, the company intends to repurchase in the open market or otherwise a combination of Class A common stock and Class B common stock.</p>\n<p>This stock repurchase program has no time limit and may be modified, suspended or discontinued at any time, a company release said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fox Corp Gains After Lifting Its Share Buyback Plan</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\">\nFox Corp Gains After Lifting Its Share Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOXA":"福克斯-A","FOX":"福克斯-B"},"source_url":"https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2144755197","content_text":"Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase program.\nThe company already had a $2 billion share buyback plan. Of this, share buybacks of $1.56 billion have already been completed.\nSubject to market conditions and other factors, the company intends to repurchase in the open market or otherwise a combination of Class A common stock and Class B common stock.\nThis stock repurchase program has no time limit and may be modified, suspended or discontinued at any time, a company release said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162681952,"gmtCreate":1624061372476,"gmtModify":1703827770081,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162681952","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://ttm.financial/m/news/2144774740?lang=&edition=fundamental","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</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>Adobe Getting Lift From Economic Reopening Post-Pandemic</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162397843,"gmtCreate":1624033732682,"gmtModify":1703827325184,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162397843","repostId":"1113742137","repostType":4,"repost":{"id":"1113742137","pubTimestamp":1624024191,"share":"https://ttm.financial/m/news/1113742137?lang=&edition=fundamental","pubTime":"2021-06-18 21:49","market":"us","language":"en","title":"Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital","url":"https://stock-news.laohu8.com/highlight/detail?id=1113742137","media":"cnbc","summary":"Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave ","content":"<div>\n<p>Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113742137","content_text":"Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto investment firm founded byMike Novogratz, CNBC has exclusively learned.\nThe trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according toDamien Vanderwilt, co-president of Galaxy and head of its global markets division.\nThe moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond as banksincreasingly face pressurefrom clients who want exposure to bitcoin. By being the first major U.S. bank to begin trading cryptocurrency, Goldman is essentially giving other banks cover to begin doing so as well, said Vanderwilt, a former Goldman partner whojoinedGalaxy last year.\n\"There's a whole dynamic with the major banks that I've seen time and time again: safety in numbers,\" Vanderwilt said this week in an interview. \"Once one bank is out there doing this, the other banks will have [fear of missing out] and they'll get on-boarded because their clients have been asking for it.\"\nGalaxy was scheduled to announce Friday that it will serve as Goldman's \"liquidity provider\" – Wall Street parlance for a company that provides quotes for buy and sell orders –  onCME Groupbitcoin futures. Last month, in a memofirst reportedby CNBC, Goldman said it would sign on \"new liquidity providers to help us in expanding our offering.\"\n\"Our goal is to equip our clients with best-execution pricing and secure access to the assets they want to trade,\" Max Minton, head of digital assets for Goldman's Asia-Pacific region, said in a statement. \"In 2021, this now includes crypto, and we are pleased to have found a partner with a broad range of liquidity venues and differentiated derivatives capabilities spanning the cryptocurrency ecosystem.\"\nGoldman is leaning on Galaxy for access to the crypto world because the highly regulated banking industry can't handle bitcoin directly, according to Vanderwilt.\nBut nothing prevents banks from dealing in financial wagers tied to the price of the underlying coins, and so that is where Wall Street is starting its crypto journey. There are parallels in the commodities realm, in which banks trade exposure to hogs or corn without owning the physical asset, he said.\nGalaxy, whose management ranks arestockedwith ex-Goldman executives familiar with running regulated businesses, positions itself as a bridge for financial companies and crypto venues. The firm, whose shares are listed on the Toronto Stock Exchange, will likely offer shares in the U.S. this year.\nIt's a step toward the vision that Vanderwilt and the other former Goldman executives have for the development of bitcoin's market infrastructure. As more banks allow clients including hedge funds, pensions, family offices and sovereign wealth funds to trade bitcoin, the depth and breadth of the market improves, which ultimately should lower bitcoin's famous volatility, he said.\n\"You're moving the market participants from being north of 90% retail, a huge chunk of which have access toridiculous amountsof leverage, into an institutional community, who have proper, tried-and-tested rules and regulations about leverage, asset-liability mismatch and risk,\" Vanderwilt said. \"The more activity that moves into the institutional community, the less volatility there will be.\"\nBanks will be able to offer clients ways to wager on bitcoin using derivatives, taking a page from the world of established finance, he said. That includes arbitrage bets related to the price gap between CME bitcoin futures and bitcoin itself, relative value trades between bitcoin and ethereum, and the creation of bitcoin structured notes.\nGoldman's steps in cryptocurrency trading are happening despite sustained skepticism toward bitcoin from other parts of the firm. Most notably, the bank'schief investment officerfor wealth management has called bitcoin abubblethat isn't appropriate for investors.\nBut if enough trading clients ask for a product, investment banks are obliged to provide it, a dynamic that Vanderwilt has seen in other nascent markets around the world during his two decades at Goldman.\n\"If the phone rings enough times and clients are trying to get exposure, you eventually figure out how to do it for them safely, understanding that your role in the world is to intermediate exposure safely, not to act as a fiduciary,\" he said.\nThe milestone brings Vanderwilt full circle with his former life. In 2017, as a senior Goldman trading executive, he was tasked with helping start thebank's first effortto trade bitcoin futures, a plan that was later shelved. Now he's helping make it happen from his position at Galaxy.\n\"There's a lot of irony, I smile about it a lot,\" Vanderwilt said. \"But I'm really happy, it's a happy full circle.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162395686,"gmtCreate":1624033685545,"gmtModify":1703827322582,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162395686","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://ttm.financial/m/news/2144774740?lang=&edition=fundamental","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</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>Adobe Getting Lift From Economic Reopening Post-Pandemic</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161220495,"gmtCreate":1623929774217,"gmtModify":1703823748084,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Tiktok","listText":"Tiktok","text":"Tiktok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161220495","repostId":"1162768247","repostType":4,"repost":{"id":"1162768247","pubTimestamp":1623911907,"share":"https://ttm.financial/m/news/1162768247?lang=&edition=fundamental","pubTime":"2021-06-17 14:38","market":"us","language":"en","title":"TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1162768247","media":"The Wall Street Journal","summary":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance h","content":"<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/13c817a3fe56161425ab51576dd52e5b\" tg-width=\"1260\" tg-height=\"840\"><span>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.</span></p>\n<p>ByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.</p>\n<p>The privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.</p>\n<p>ByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.</p>\n<p>The Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.</p>\n<p>Its net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.</p>\n<p>ByteDance, which was started in 2012 by&nbsp;Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR &amp; Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.</p>\n<p>ByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.</p>\n<p>Early this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong&nbsp;after&nbsp;raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.</p>\n<p>In China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.</p>\n<p>ByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.</p>\n<p>While ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of&nbsp;Alphabet&nbsp;Inc.’s&nbsp;YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.</p>\n<p>Last year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President&nbsp;Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden&nbsp;revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.</p>\n<p>At home, ByteDance has also run into some turbulence, as Chinese authorities seek to&nbsp;clamp down on the perceived excesses&nbsp;of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.</p>\n<p>Last month, Mr. Zhang&nbsp;stepped down from his role&nbsp;as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.</p>\n<p>In June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.</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>TikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTikTok Owner ByteDance’s Annual Revenue Jumps to $34.3 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-17 14:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to...</p>\n\n<a href=\"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01024":"快手-W","00700":"腾讯控股"},"source_url":"https://www.wsj.com/articles/tiktok-owner-bytedances-annual-revenue-jumps-to-34-3-billion-11623903622?mod=hp_lista_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162768247","content_text":"ByteDance’s gross profit rose 93% to $19 billion last year, according to a memo to staff\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to a company memo.\nByteDance Ltd., the owner of popular short-video app TikTok, told employees that its revenue last year more than doubled to $34.3 billion, underscoring why the Chinese technology giant is one of the world’s hottest startups.\nThe privately held company on Thursday shared highlights of its 2020 financial performance with its employees. ByteDance said its total revenue grew 111% from a year ago, while gross profit rose 93% to $19 billion, according to excerpts of a company memo viewed by The Wall Street Journal.\nByteDance had about 1.9 billion monthly active users across all its platforms as of December 2020, according to the memo. The company also runs viral apps such as Douyin, the domestic Chinese equivalent of TikTok, and a news aggregation app called Jinri Toutiao.\nThe Beijing-based firm told staffers that it incurred a $2.1 billion operating loss from January to December last year. The loss was partly due to higher expenses incurred from share-based compensation to workers, according to a person familiar with the matter. For 2019, ByteDance had reported an operating profit of $684 million.\nIts net loss for 2020 totaled $45 billion, due largely to an accounting adjustment the company made for an increase in the fair value of its convertible redeemable preferred shares. Startups that have raised outside funds often have to take these noncash charges as their valuations rise, if they prepare results in line with International Financial Reporting Standards.\nByteDance, which was started in 2012 by Chinese entrepreneur Zhang Yiming, has raised billions of dollars from global investors including KKR & Co., Sequoia Capital and General Atlantic. The company was valued at $180 billion in late 2020 after a fundraising round that included Fidelity Investments and some of its existing shareholders.\nByteDance is considering listing in Hong Kong or New York, according to a person familiar with the matter. The company hasn’t mapped out any timeline for an initial public offering.\nEarly this year one of ByteDance’s smaller domestic rivals, short-video app operator Kuaishou Technology,listed in Hong Kong after raising $5.4 billion. Kuaishou’s market capitalization was recently about $103 billion, and the company reported 2020 revenues equivalent to about $9.2 billion.\nIn China, TikTok is widely viewed as China’s most successful mobile internet export. The wildly popular short-video app has been downloaded more than 240 million times in the U.S., with teenagers and adults alike posting video clips of themselves lip syncing, dancing and even dishing out financial advice.\nByteDance’s revenues from TikTok come primarily from advertising. The company is also expanding beyond social media into areas such as gaming and e-commerce.\nWhile ByteDance didn’t break down its 1.9 billion monthly active users by app, its scale rivals that of Alphabet Inc.’s YouTube, which reiterated in April that it had more than 2 billion users that log into its site to watch videos. At the end of 2019, ByteDance had about 1.5 billion monthly active users.\nLast year, ByteDance was caught in the crosshairs of U.S.-China relations when former U.S. President Donald Trump’s administration singled out TikTok as a national-security threat and sought to ban the app. This month, President Biden revoked the ban, instead issuing an executive order mandating a broad review of apps controlled by foreign adversaries.\nAt home, ByteDance has also run into some turbulence, as Chinese authorities seek to clamp down on the perceived excesses of its powerful technology sector. ByteDance has been called in by authorities this year for infractions including improper data use and problematic content.\nLast month, Mr. Zhang stepped down from his role as chief executive officer amid growing government scrutiny of the sector. Following the company’s management change, ByteDance launched a share buyback for employees, according to people familiar with the matter.\nIn June, two of ByteDance’s apps were included on a list of 129 apps named by the Cyberspace Administration of China for excessive collection of personal information from users. The authority told all the apps to rectify the situation. The move followed a similar order on Douyin the previous month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161265490,"gmtCreate":1623929546210,"gmtModify":1703823743635,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161265490","repostId":"2144717910","repostType":4,"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161265049,"gmtCreate":1623929491781,"gmtModify":1703823742824,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161265049","repostId":"2144717910","repostType":4,"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":120815387,"gmtCreate":1624318743949,"gmtModify":1703833171518,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120815387","repostId":"1127414335","repostType":4,"repost":{"id":"1127414335","pubTimestamp":1624288763,"share":"https://ttm.financial/m/news/1127414335?lang=&edition=fundamental","pubTime":"2021-06-21 23:19","market":"us","language":"en","title":"Amazon's Stock Is Ready For The Next Leg Higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1127414335","media":"seekingalpha","summary":"Summary\n\nAfter a year-long consolidation in stock prices, Amazon looks set to move higher due to con","content":"<p><b>Summary</b></p>\n<ul>\n <li>After a year-long consolidation in stock prices, Amazon looks set to move higher due to continued momentum in its higher-margin businesses, i.e., AWS and Digital Ads.</li>\n <li>Amazon looks poised to blow past $500B in annual sales in 2021 with massive improvements in operating margins (profitability).</li>\n <li>The stock is trading well below its fair value of $5,900 per share, and investors could generate ~19% CAGR returns over the next decade with Amazon.</li>\n <li>Today, I will share my analysis that suggests a fresh leg higher for Amazon's stock. Furthermore, we will discuss some of the key risks faced by the company.</li>\n</ul>\n<p><b>Investment Thesis</b></p>\n<p>Amazon (AMZN) is delivering robust revenue and profitability growth in 2021 on top of the stellar numbers registered during the pandemic in 2020. However, investors watching Amazon's stock over the last 12 months or so would be led to think otherwise. After a big move last year, the stock has virtually frozen since mid 2020. In times where meme stock investors are making a lot of tendies (profits), Amazon's near-term underperformance has been disappointing for many long-term investors. However, things could look a lot different in the next 6-12 months. Amazon is set to scale new highs, and I will outline why that's the case in this article.</p>\n<p>The primary driver of a company's price is free cash flow, and Amazon is poised to deliver a lot more of it. Amazon's higher-margin businesses, i.e., Amazon Web Services and Digital Ads (hidden in the \"Other\" segment in financial statements), are seeing accelerated growth. Furthermore, Amazon's e-commerce business also is delivering huge amounts of free cash flow at scale. Over the last 12 months, Amazon garnered $67B of cash from operations, which represents a 69% year-over-year jump. With business showing no signs of slowing down in the post-pandemic world and impending reduction in pandemic costs (billions of dollars per quarter), Amazon could very well deliver a big jump in free cash flow this year. As you may know, Amazon's balance sheet already is a fortress. However, the cash pile is getting so large that initiation of a capital return program could become imperative in the next three to four years.</p>\n<p>After evaluating Amazon using the LASV model, I deduced that the company is worth ~$5,900 per share. This projection means that Amazon is massively undervalued at the moment. Over the last 12 months, Amazon's trading multiples have shrunk back to normalized levels and future growth in revenue and free cash flow are very likely to result in higher stock prices.</p>\n<p><b>The Tale Of A Year-Long Consolidation</b></p>\n<p>At BTM, we own Amazon since it was at around $1,750. However, after a big rally in 2020, we rated the stock a modest buy for quite some time. And so, we are not really surprised by the year-long consolidation.</p>\n<p>Here's our extensive research work on Amazon:</p>\n<ol>\n <li>Retail Ecosystem -Amazon: Here Is What The Retail Segment Is Worth</li>\n <li>Amazon Web Services -Amazon: Here's What You Should Be Monitoring</li>\n <li>Digital Ads -Amazon: The 'Other' Segment May Be Worth More Than AWS</li>\n</ol>\n<p><img src=\"https://static.tigerbbs.com/86ef0b4ba9477ffe4662dd02b4a4fe56\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\">Source: YCharts</p>\n<p>Now, our modest buy ratings from last year have been justified. Amazon has underperformed the S&amp;P 500 index by around 6% in the previous 12-month period. With continued business momentum and stagnant stock price, Amazon's trading multiples have been falling down rapidly since August-2020.</p>\n<p><img src=\"https://static.tigerbbs.com/450a291ce832606dc4568f5b000a234b\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>After rapid normalization in trading multiples due to excellent financial performance, we upgraded the stock at BTM after the latest quarterly report. Although Amazon's underperformance over the last year has been demoralizing for long-term investors, I believe this is the right time to get onboard before a fresh rally ensues in the stock.</p>\n<p><b>Why Is Amazon Ready To Move Higher?</b></p>\n<p>In Q1 2021, Amazon recorded net sales of $108B (up +44% y/y) on the back of swift acceleration in AWS and Ad revenues (\"Other\" segment). Furthermore, we're seeing continued momentum in Amazon's e-commerce and streaming businesses. The following data serves as evidence for the same:</p>\n<p><img src=\"https://static.tigerbbs.com/484d6ffb34aa711d2460f56878a19b30\" tg-width=\"640\" tg-height=\"277\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Amazon Q1 2021 Earnings Release</p>\n<p>With acceleration in higher-margin revenue lines, Amazon's operating margin (profitability) is improving rapidly. In the latest quarter, Amazon's TTM operating margins reached an all-time high of 6.63%. At this point, I recommend you read our research coverage on Amazon (shared earlier in this article) to understand the dynamics at play in different business lines at the company.</p>\n<p><img src=\"https://static.tigerbbs.com/4f684da9379808e65eb00bac24f21bd5\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>As you may already know, Amazon is an emerging operating leverage story. In Q1, Amazon's operating income increased by ~122% y/y to come in at $8.865B (rapid q/q acceleration). Over the next 12 months, Amazon would likely deliver an operating income of ~$40-50B. This massive jump in operating income will translate into greater amounts of free cash flow (and, by extension, a higher share price).</p>\n<p><img src=\"https://static.tigerbbs.com/de1ec1d647bed5d59e91bdaa0535d25e\" tg-width=\"640\" tg-height=\"420\"></p>\n<p>Source:&nbsp;Amazon Q1 2021 Earnings Release</p>\n<p>Since 2018, Amazon has seen a big jump in Cash from Operations, which has gone up ~3.5x from ~$20B per year to ~$70B per year in 2021. Amazon, being Amazon, has invested massive amounts of this cash back into its business to drive future revenue growth, resulting in lower levels of free cash flow ($26.5B in 2020). Therefore, I believe Amazon's true free cash flow is much higher than its reported numbers.</p>\n<p><img src=\"https://static.tigerbbs.com/4f1ccee71f8675c6cabd16cf4e08733d\" tg-width=\"640\" tg-height=\"379\" referrerpolicy=\"no-referrer\">Source: YCharts</p>\n<p>The massive amounts of cash being generated by Amazon are starting to pile up on the balance sheet (which had roughly $34B of cash at the end of last quarter). Further margin expansion is likely to create even more free cash flow over coming quarters and years, and this cash pile will only grow bigger. At some point in the near future, Amazon will need to start returning capital to shareholders through buybacks or dividends. My estimate is that Amazon would start a capital return program by 2025, but I will discuss this prediction in a separate note in the future.</p>\n<p><img src=\"https://static.tigerbbs.com/9c041f8732f0e9557d632f4bc3444b54\" tg-width=\"640\" tg-height=\"379\"></p>\n<p>Source: YCharts</p>\n<p>Amazon is expected to record ~$500B in annual sales in 2021 and I expect Amazon to take over the title of the \"largest company by sales\" in 2022. In my opinion, Amazon still has massive growth left in its armory. According to consensus analyst estimates on Seeking Alpha, Amazon would likely be raking in revenue of $1.5T per year by 2030.</p>\n<p><img src=\"https://static.tigerbbs.com/c6b99e2dd54b3885cd7542d213be0429\" tg-width=\"640\" tg-height=\"635\" referrerpolicy=\"no-referrer\"></p>\n<p>Source:Seeking Alpha</p>\n<p>I believe these numbers are achievable. In fact, they're very likely to materialize over the next decade. AWS, Digital Ads, and Amazon Care (in-house healthcare offering (at least for now)) are likely to be the primary drivers of future free cash flow for the company. Now, let's estimate the fair value and expected returns for Amazon.</p>\n<p><b>Fair Value And Expected Returns</b></p>\n<p>To determine Amazon's fair value, we will employ our proprietary valuation model. Here's what it entails:</p>\n<ul>\n <li><p>In step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.</p></li>\n <li><p>In step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).</p></li>\n <li><p>In step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, using today's share price and the projected share price at the end of 10 years, we arrive at a CAGR. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.</p></li>\n</ul>\n<p>With massive amounts of cash flow being generated from operations, Amazon could soon find itself with the good problem of having too much cash on its balance sheet. At some point over the next decade, Amazon will need to start returning capital to shareholders (via buybacks or dividends). I will share my analysis as to when that would happen some other time. However, for now, we will build our valuation without accounting for future capital return programs.</p>\n<p><b>Assumptions:</b></p>\n<p><img src=\"https://static.tigerbbs.com/82136b2cd82ebf242b95eb6d17e2f4b1\" tg-width=\"620\" tg-height=\"538\"></p>\n<p>Here are the results:</p>\n<p><img src=\"https://static.tigerbbs.com/50a3cb8964e421080c530abc1b3d62bf\" tg-width=\"603\" tg-height=\"729\">Source: L.A. Stevens Valuation Model</p>\n<p>As per my estimation, Amazon is worth ~$5,900 per share. The stock is trading at ~$3,400, which means Amazon has a near-term upside of +73.5% to its fair value. By utilizing conservative assumptions, we have ensured that our valuation has an ample margin of safety built into it.</p>\n<p>To calculate the total expected return, we simply grow the above free cash flow per share at our conservative growth rate, then assign a conservative multiple, i.e., 30x, to it for year 10. This creates a conservative intrinsic value projection by which we determine when and where to deploy our capital.</p>\n<p>Here are the results:</p>\n<p><img src=\"https://static.tigerbbs.com/1fb09f1799ac5ea2741e204766b4df3c\" tg-width=\"605\" tg-height=\"429\">Source: L.A. Stevens Valuation Model</p>\n<p>As you can see above, Amazon's stock price could grow from ~$3,400 to ~$18,750 at a CAGR of ~18.6% in the next 10 years. Since we haven't considered future buybacks and dividends in today's valuation, there's a good chance that Amazon will outperform our expected return projections. My investment hurdle rate is 15%, and since Amazon's expected return is above this level, I rate Amazon a buy.</p>\n<p><b>Risks</b></p>\n<ul>\n <li>Amazon's visionary founder, Jeff Bezos, is set to step down as Amazon CEO and transition to the role of Executive Chairman of the Board. His replacement is AWS CEO Andy Jassy, who is a very capable business leader, as evidenced by AWS's rise from zero to $50 billion annual revenue business in just 15 years. However, an executive leadership change of this magnitude carries several risks, and we will be keeping a keen eye on Andy over the next few earning calls to understand his vision for Amazon.</li>\n <li>Furthermore, the leadership transition comes at a time when Amazon is facing rising pressure from regulators and lawmakers. In the recent big tech antitrust hearing, most lawmakers came away with the conclusion that Amazon is anti competitive (along with Facebook (FB), Alphabet (GOOG)(NASDAQ:GOOGL), and Apple (AAPL)). With the threat of a DOJ investigation looming large, investors might be nervous about potential outcomes. Any monetary fine would simply be the cost of doing business. For years, Amazon's FCF machine - AWS - has supported the aggressive expansion (anti-competitive behavior) of its retail ecosystem. Therefore, a potential (government-enforced) break up of Amazon is viewed by many as a massive risk for the company. However, Amazon's retail ecosystem is self sustainable now (generates positive FCF), and any breakup could unlock value for shareholders. We shared our views on this topic in thisnote.</li>\n <li>Since Amazon's Ads business is not reliant on personal information for Ad targeting (unlike Facebook and Alphabet), we do not see any major headwinds for this still-emerging, yet crucial business line.</li>\n <li>In the near term, Amazon's e-commerce business could come under pressure as life returns to a new normal in the post-pandemic world. The massive jump in e-commerce revenue could reverse somewhat in upcoming quarters as people regain mobility.</li>\n <li>For the first time in over 15 years, Amazon lost market share to Shopify (SHOP) in 2020. This is a new challenge for Amazon, and the digitization efforts from retail giants like Walmart (WMT) and Target (TGT) are likely to result in greater competition for Amazon.</li>\n <li>Also, Microsoft's Azure (MSFT) is growing faster than AWS (albeit from a lower revenue base). Under Satya Nadella's leadership, Microsoft has emerged as a force to be reckoned with in the cloud services industry. If AWS fails to retain its market leadership position, Amazon could fall short of our projections.</li>\n <li>Amazon's Digital Ads business is likely to be critical to future success for the company. With the threat of potential regulations hanging over the digital ad industry, the numbers projected for this line of business may not materialize.</li>\n <li>The healthcare offering being built at Amazon could be the next big thing (business) to emerge from the company (like AWS, Prime Video, etc.). However, healthcare is a very complicated industry, and pure-plays like Teladoc have a much better chance of winning this market opportunity. Since we are well aware of Amazon's innovation capabilities, I wouldn't necessarily attribute this spending to be an unwarranted risk.</li>\n</ul>\n<p><b>Concluding Thoughts</b></p>\n<p>Amazon's higher-margin businesses are firing on all cylinders (accelerating growth), and while the stock has remained in a tight channel for almost a year now, the second half of 2021 could bring a fresh leg higher. As we saw earlier in this article, Amazon's operating margins are improving steadily due to the rapid growth of higher-margin businesses, i.e., AWS and Digital Ads.</p>\n<p>In the last 12 months or so, Amazon's stock has been consolidating in a sideways channel. During this time, trading multiples have normalized, and Amazon is now trading at pre-pandemic levels. With robust revenue growth and margin expansion on the horizon, Amazon's stock is set to move higher.</p>\n<p>Key Takeaway: I rate Amazon a buy at $3,400.</p>\n<p>Thanks for reading, remember to follow for more, and happy investing!</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>Amazon's Stock Is Ready For The Next Leg Higher</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's Stock Is Ready For The Next Leg Higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 23:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAfter a year-long consolidation in stock prices, Amazon looks set to move higher due to continued momentum in its higher-margin businesses, i.e., AWS and Digital Ads.\nAmazon looks poised to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊"},"source_url":"https://seekingalpha.com/article/4435860-amazons-stock-is-ready-for-the-next-leg-higher","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1127414335","content_text":"Summary\n\nAfter a year-long consolidation in stock prices, Amazon looks set to move higher due to continued momentum in its higher-margin businesses, i.e., AWS and Digital Ads.\nAmazon looks poised to blow past $500B in annual sales in 2021 with massive improvements in operating margins (profitability).\nThe stock is trading well below its fair value of $5,900 per share, and investors could generate ~19% CAGR returns over the next decade with Amazon.\nToday, I will share my analysis that suggests a fresh leg higher for Amazon's stock. Furthermore, we will discuss some of the key risks faced by the company.\n\nInvestment Thesis\nAmazon (AMZN) is delivering robust revenue and profitability growth in 2021 on top of the stellar numbers registered during the pandemic in 2020. However, investors watching Amazon's stock over the last 12 months or so would be led to think otherwise. After a big move last year, the stock has virtually frozen since mid 2020. In times where meme stock investors are making a lot of tendies (profits), Amazon's near-term underperformance has been disappointing for many long-term investors. However, things could look a lot different in the next 6-12 months. Amazon is set to scale new highs, and I will outline why that's the case in this article.\nThe primary driver of a company's price is free cash flow, and Amazon is poised to deliver a lot more of it. Amazon's higher-margin businesses, i.e., Amazon Web Services and Digital Ads (hidden in the \"Other\" segment in financial statements), are seeing accelerated growth. Furthermore, Amazon's e-commerce business also is delivering huge amounts of free cash flow at scale. Over the last 12 months, Amazon garnered $67B of cash from operations, which represents a 69% year-over-year jump. With business showing no signs of slowing down in the post-pandemic world and impending reduction in pandemic costs (billions of dollars per quarter), Amazon could very well deliver a big jump in free cash flow this year. As you may know, Amazon's balance sheet already is a fortress. However, the cash pile is getting so large that initiation of a capital return program could become imperative in the next three to four years.\nAfter evaluating Amazon using the LASV model, I deduced that the company is worth ~$5,900 per share. This projection means that Amazon is massively undervalued at the moment. Over the last 12 months, Amazon's trading multiples have shrunk back to normalized levels and future growth in revenue and free cash flow are very likely to result in higher stock prices.\nThe Tale Of A Year-Long Consolidation\nAt BTM, we own Amazon since it was at around $1,750. However, after a big rally in 2020, we rated the stock a modest buy for quite some time. And so, we are not really surprised by the year-long consolidation.\nHere's our extensive research work on Amazon:\n\nRetail Ecosystem -Amazon: Here Is What The Retail Segment Is Worth\nAmazon Web Services -Amazon: Here's What You Should Be Monitoring\nDigital Ads -Amazon: The 'Other' Segment May Be Worth More Than AWS\n\nSource: YCharts\nNow, our modest buy ratings from last year have been justified. Amazon has underperformed the S&P 500 index by around 6% in the previous 12-month period. With continued business momentum and stagnant stock price, Amazon's trading multiples have been falling down rapidly since August-2020.\n\nSource: YCharts\nAfter rapid normalization in trading multiples due to excellent financial performance, we upgraded the stock at BTM after the latest quarterly report. Although Amazon's underperformance over the last year has been demoralizing for long-term investors, I believe this is the right time to get onboard before a fresh rally ensues in the stock.\nWhy Is Amazon Ready To Move Higher?\nIn Q1 2021, Amazon recorded net sales of $108B (up +44% y/y) on the back of swift acceleration in AWS and Ad revenues (\"Other\" segment). Furthermore, we're seeing continued momentum in Amazon's e-commerce and streaming businesses. The following data serves as evidence for the same:\n\nSource:Amazon Q1 2021 Earnings Release\nWith acceleration in higher-margin revenue lines, Amazon's operating margin (profitability) is improving rapidly. In the latest quarter, Amazon's TTM operating margins reached an all-time high of 6.63%. At this point, I recommend you read our research coverage on Amazon (shared earlier in this article) to understand the dynamics at play in different business lines at the company.\n\nSource: YCharts\nAs you may already know, Amazon is an emerging operating leverage story. In Q1, Amazon's operating income increased by ~122% y/y to come in at $8.865B (rapid q/q acceleration). Over the next 12 months, Amazon would likely deliver an operating income of ~$40-50B. This massive jump in operating income will translate into greater amounts of free cash flow (and, by extension, a higher share price).\n\nSource: Amazon Q1 2021 Earnings Release\nSince 2018, Amazon has seen a big jump in Cash from Operations, which has gone up ~3.5x from ~$20B per year to ~$70B per year in 2021. Amazon, being Amazon, has invested massive amounts of this cash back into its business to drive future revenue growth, resulting in lower levels of free cash flow ($26.5B in 2020). Therefore, I believe Amazon's true free cash flow is much higher than its reported numbers.\nSource: YCharts\nThe massive amounts of cash being generated by Amazon are starting to pile up on the balance sheet (which had roughly $34B of cash at the end of last quarter). Further margin expansion is likely to create even more free cash flow over coming quarters and years, and this cash pile will only grow bigger. At some point in the near future, Amazon will need to start returning capital to shareholders through buybacks or dividends. My estimate is that Amazon would start a capital return program by 2025, but I will discuss this prediction in a separate note in the future.\n\nSource: YCharts\nAmazon is expected to record ~$500B in annual sales in 2021 and I expect Amazon to take over the title of the \"largest company by sales\" in 2022. In my opinion, Amazon still has massive growth left in its armory. According to consensus analyst estimates on Seeking Alpha, Amazon would likely be raking in revenue of $1.5T per year by 2030.\n\nSource:Seeking Alpha\nI believe these numbers are achievable. In fact, they're very likely to materialize over the next decade. AWS, Digital Ads, and Amazon Care (in-house healthcare offering (at least for now)) are likely to be the primary drivers of future free cash flow for the company. Now, let's estimate the fair value and expected returns for Amazon.\nFair Value And Expected Returns\nTo determine Amazon's fair value, we will employ our proprietary valuation model. Here's what it entails:\n\nIn step 1, we use a traditional DCF model with free cash flow discounted by our (shareholders) cost of capital.\nIn step 2, the model accounts for the effects of the change in shares outstanding (buybacks/dilutions).\nIn step 3, we normalize valuation for future growth prospects at the end of the 10 years. Then, using today's share price and the projected share price at the end of 10 years, we arrive at a CAGR. If this beats the market by enough of a margin, we invest. If not, we wait for a better entry point.\n\nWith massive amounts of cash flow being generated from operations, Amazon could soon find itself with the good problem of having too much cash on its balance sheet. At some point over the next decade, Amazon will need to start returning capital to shareholders (via buybacks or dividends). I will share my analysis as to when that would happen some other time. However, for now, we will build our valuation without accounting for future capital return programs.\nAssumptions:\n\nHere are the results:\nSource: L.A. Stevens Valuation Model\nAs per my estimation, Amazon is worth ~$5,900 per share. The stock is trading at ~$3,400, which means Amazon has a near-term upside of +73.5% to its fair value. By utilizing conservative assumptions, we have ensured that our valuation has an ample margin of safety built into it.\nTo calculate the total expected return, we simply grow the above free cash flow per share at our conservative growth rate, then assign a conservative multiple, i.e., 30x, to it for year 10. This creates a conservative intrinsic value projection by which we determine when and where to deploy our capital.\nHere are the results:\nSource: L.A. Stevens Valuation Model\nAs you can see above, Amazon's stock price could grow from ~$3,400 to ~$18,750 at a CAGR of ~18.6% in the next 10 years. Since we haven't considered future buybacks and dividends in today's valuation, there's a good chance that Amazon will outperform our expected return projections. My investment hurdle rate is 15%, and since Amazon's expected return is above this level, I rate Amazon a buy.\nRisks\n\nAmazon's visionary founder, Jeff Bezos, is set to step down as Amazon CEO and transition to the role of Executive Chairman of the Board. His replacement is AWS CEO Andy Jassy, who is a very capable business leader, as evidenced by AWS's rise from zero to $50 billion annual revenue business in just 15 years. However, an executive leadership change of this magnitude carries several risks, and we will be keeping a keen eye on Andy over the next few earning calls to understand his vision for Amazon.\nFurthermore, the leadership transition comes at a time when Amazon is facing rising pressure from regulators and lawmakers. In the recent big tech antitrust hearing, most lawmakers came away with the conclusion that Amazon is anti competitive (along with Facebook (FB), Alphabet (GOOG)(NASDAQ:GOOGL), and Apple (AAPL)). With the threat of a DOJ investigation looming large, investors might be nervous about potential outcomes. Any monetary fine would simply be the cost of doing business. For years, Amazon's FCF machine - AWS - has supported the aggressive expansion (anti-competitive behavior) of its retail ecosystem. Therefore, a potential (government-enforced) break up of Amazon is viewed by many as a massive risk for the company. However, Amazon's retail ecosystem is self sustainable now (generates positive FCF), and any breakup could unlock value for shareholders. We shared our views on this topic in thisnote.\nSince Amazon's Ads business is not reliant on personal information for Ad targeting (unlike Facebook and Alphabet), we do not see any major headwinds for this still-emerging, yet crucial business line.\nIn the near term, Amazon's e-commerce business could come under pressure as life returns to a new normal in the post-pandemic world. The massive jump in e-commerce revenue could reverse somewhat in upcoming quarters as people regain mobility.\nFor the first time in over 15 years, Amazon lost market share to Shopify (SHOP) in 2020. This is a new challenge for Amazon, and the digitization efforts from retail giants like Walmart (WMT) and Target (TGT) are likely to result in greater competition for Amazon.\nAlso, Microsoft's Azure (MSFT) is growing faster than AWS (albeit from a lower revenue base). Under Satya Nadella's leadership, Microsoft has emerged as a force to be reckoned with in the cloud services industry. If AWS fails to retain its market leadership position, Amazon could fall short of our projections.\nAmazon's Digital Ads business is likely to be critical to future success for the company. With the threat of potential regulations hanging over the digital ad industry, the numbers projected for this line of business may not materialize.\nThe healthcare offering being built at Amazon could be the next big thing (business) to emerge from the company (like AWS, Prime Video, etc.). However, healthcare is a very complicated industry, and pure-plays like Teladoc have a much better chance of winning this market opportunity. Since we are well aware of Amazon's innovation capabilities, I wouldn't necessarily attribute this spending to be an unwarranted risk.\n\nConcluding Thoughts\nAmazon's higher-margin businesses are firing on all cylinders (accelerating growth), and while the stock has remained in a tight channel for almost a year now, the second half of 2021 could bring a fresh leg higher. As we saw earlier in this article, Amazon's operating margins are improving steadily due to the rapid growth of higher-margin businesses, i.e., AWS and Digital Ads.\nIn the last 12 months or so, Amazon's stock has been consolidating in a sideways channel. During this time, trading multiples have normalized, and Amazon is now trading at pre-pandemic levels. With robust revenue growth and margin expansion on the horizon, Amazon's stock is set to move higher.\nKey Takeaway: I rate Amazon a buy at $3,400.\nThanks for reading, remember to follow for more, and happy investing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120816045,"gmtCreate":1624318701987,"gmtModify":1703833168414,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120816045","repostId":"2145031425","repostType":4,"isVote":1,"tweetType":1,"viewCount":321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164423453,"gmtCreate":1624234007672,"gmtModify":1703830972847,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164423453","repostId":"2145023757","repostType":4,"repost":{"id":"2145023757","pubTimestamp":1624233000,"share":"https://ttm.financial/m/news/2145023757?lang=&edition=fundamental","pubTime":"2021-06-21 07:50","market":"us","language":"en","title":"UK house prices show biggest seasonal rise since 2015 - Rightmove","url":"https://stock-news.laohu8.com/highlight/detail?id=2145023757","media":"StreetInsider","summary":"LONDON (Reuters) - Asking prices for British homes between mid May and early June rose by 0.8% compa","content":"<p>LONDON (Reuters) - Asking prices for British homes between mid May and early June&nbsp;rose by 0.8% compared with a month before, the biggest rise for the time of year since 2015, as available housing remains in short supply, property website Rightmove said on Monday.</p>\n<p>The increase is less than the 1.8% recorded a month earlier but still takes asking prices 7.5% above their level in early March 2020, before Britain went into its first COVID lockdown.</p>\n<p>\"Buyer demand remains very strong, though with an all-time low in the number of properties available for sale ... and new stock at higher-than-ever average prices, there are early signs of a slowing in the frenetic pace,\" Tim Bannister, Rightmove's director of property data, said.</p>\n<p>Rightmove, which says it advertises 95% of homes for sale in Britain, collected the data between May 9 and June 12.</p>\n<p>British house prices surged last year despite the pandemic as many richer households sought more space to work from home, and the government cut property purchase taxes to reverse an initial slump in sales early in the pandemic.</p>\n<p>June is the last month when the full stamp duty tax break applies, before it is wholly phased out in October.</p>\n<p>Britain's official measure of house prices, based on completed transactions, showed prices in the year to April rose 8.9%, after a 9.9% increase for the year to March.</p>\n<p>Rightmove said the most expensive homes were seeing the biggest percentage increases in asking prices. Typically these were detached houses with at least four bedrooms whose buyers were less stretched for cash.</p>\n<p>London has seen weaker prices and demand than other parts of Britain, due to a fall in the number of foreign buyers and less need for many high-paid workers to commute to city-centre jobs.</p>\n<p>Separate figures from property data company LonRes showed prices were 1.9% lower in expensive parts of the capital than a year ago. The number of new listings in central London was 33% higher in May than two years before.</p>\n<p>\"Demand is not outstripping supply in most areas of prime London. Estate agents' windows have, for the most part, stayed well stocked, meaning prices have not seen the rapid growth experienced in other parts of the country,\" LonRes's head of research, Marcus Dixon, said.</p>","source":"highlight_streetinsider","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UK house prices show biggest seasonal rise since 2015 - Rightmove</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\">\nUK house prices show biggest seasonal rise since 2015 - Rightmove\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18579260><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON (Reuters) - Asking prices for British homes between mid May and early June rose by 0.8% compared with a month before, the biggest rise for the time of year since 2015, as available housing ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18579260\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VUKE.UK":"英国富时100"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18579260","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145023757","content_text":"LONDON (Reuters) - Asking prices for British homes between mid May and early June rose by 0.8% compared with a month before, the biggest rise for the time of year since 2015, as available housing remains in short supply, property website Rightmove said on Monday.\nThe increase is less than the 1.8% recorded a month earlier but still takes asking prices 7.5% above their level in early March 2020, before Britain went into its first COVID lockdown.\n\"Buyer demand remains very strong, though with an all-time low in the number of properties available for sale ... and new stock at higher-than-ever average prices, there are early signs of a slowing in the frenetic pace,\" Tim Bannister, Rightmove's director of property data, said.\nRightmove, which says it advertises 95% of homes for sale in Britain, collected the data between May 9 and June 12.\nBritish house prices surged last year despite the pandemic as many richer households sought more space to work from home, and the government cut property purchase taxes to reverse an initial slump in sales early in the pandemic.\nJune is the last month when the full stamp duty tax break applies, before it is wholly phased out in October.\nBritain's official measure of house prices, based on completed transactions, showed prices in the year to April rose 8.9%, after a 9.9% increase for the year to March.\nRightmove said the most expensive homes were seeing the biggest percentage increases in asking prices. Typically these were detached houses with at least four bedrooms whose buyers were less stretched for cash.\nLondon has seen weaker prices and demand than other parts of Britain, due to a fall in the number of foreign buyers and less need for many high-paid workers to commute to city-centre jobs.\nSeparate figures from property data company LonRes showed prices were 1.9% lower in expensive parts of the capital than a year ago. The number of new listings in central London was 33% higher in May than two years before.\n\"Demand is not outstripping supply in most areas of prime London. Estate agents' windows have, for the most part, stayed well stocked, meaning prices have not seen the rapid growth experienced in other parts of the country,\" LonRes's head of research, Marcus Dixon, said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":679,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164429175,"gmtCreate":1624233979397,"gmtModify":1703830970906,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/164429175","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from&nbsp;Johnson &amp;&nbsp;Johnson,&nbsp;GlaxoSmithKline,and&nbsp;Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson &amp; Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","JNJ":"强生","NKE":"耐克","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":563,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162685974,"gmtCreate":1624061483198,"gmtModify":1703827775365,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162685974","repostId":"2144742013","repostType":4,"repost":{"id":"2144742013","pubTimestamp":1624008600,"share":"https://ttm.financial/m/news/2144742013?lang=&edition=fundamental","pubTime":"2021-06-18 17:30","market":"us","language":"en","title":"Is Tattooed Chef the Next Beyond Meat? 3 Points to Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=2144742013","media":"Motley Fool","summary":"The company is generating growth, but its bottom line is cause for some concern.","content":"<p>Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, <b>Tattooed Chef</b> (NASDAQ:TTCF) says in its own investor materials that it's looking to be a disruptive upstart in the fast-growing plant-based foods sector. After a pair of recent acquisitions and a toothsome first-quarter earnings report, investors rewarded the company with a 20% share price increase in May.</p>\n<p>An investor conference began on June 16, allowing investors to get a better look at the company's recent background and get clues as to where it might be going. Here are three points you may want to consider while deciding if Tattooed Chef is the next <b>Beyond Meat</b> (NASDAQ:BYND) or if its weaknesses will limit its growth.</p>\n<h2>1. Tattooed Chef's operations are thriving</h2>\n<p>Despite the company having a traditional advertising budget of zero, Tattooed Chef's sales are booming, with overall revenue jumping 59% year over year from $33.2 million in Q1 2020 to $52.7 million in Q1 2021. An even more favorable sign for customer loyalty and brand recognition was the 105% year-over-year surge in products specifically branded with the Tattooed Chef name (the company also produces store-brand food products for various retailers). The company is projecting between $235 million and $242 million in total revenue for 2021 and a minimum of $300 million in the coming year.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d9b21e26263590dd121318b21e10d79a\" tg-width=\"700\" tg-height=\"464\" referrerpolicy=\"no-referrer\"><span>Image source: Getty Images.</span></p>\n<p>The plant-based food maker is also achieving notable growth in the extent of its distribution network. According to company data, the number of stores carrying its products soared 41% between Dec. 31, 2020, and March 31, 2021, rising from 4,300 to 6,065. Points of distribution jumped to 31,000 from 23,000, an increase of nearly 35%.</p>\n<p>During the Q1 earnings conference call, CEO Salvatore Galletti said that by Q2's end on June 30, \"We expect to be an additional 1,162 stores with 8,000 new points of distribution, including a number of larger grocery chains.\" He added, \"We are confident we can achieve our 2021 objective of 10,000 stores and 65,000 points of distribution for Tattooed Chef by year end.\"</p>\n<p><a href=\"https://laohu8.com/S/TWOA.U\">Two</a> early May acquisitions by Tattooed Chef, costing the company a total of $35 million, could be a catalyst for stronger growth and expanded production, too. Tattooed snapped up Karsten Tortilla Factory and New Mexico Food Distributors. According to Galletti, it \"will be immediately addressing the $1 billion Frozen Mexican Food category once the transactions close,\" and will use the new acquisitions as a stepping stone into the $20 billion market for \"Hispanic/Southwest\" food.</p>\n<p>With Abasto reporting around two-thirds of Americans (233 million) using at least some Mexican foods or recipes according to Statista research, and growth in this type of dining expected to continue, Tattooed Chef's move helps it establish a new position in a strong market sector. The purchase also adds 118,000 square feet of production facilities to its total, helping prevent a processing bottleneck during this period of rapid sales growth. Galletti remarks the two acquisitions are projected to \"contribute up to $200 million annually in revenue in the next two to three years and create significant value.\"</p>\n<p>The company is also expanding from a focus on frozen and refrigerated foods to shelf-stable foods (which it refers to with the buzzword phrase \"ambient foods\" in company literature). With sales of major shelf-stable food categories such as vegetables and soups having grown anywhere from 28% to 31.3% in 2020 according to market research firm IRI, this could be another potential sales driver.</p>\n<h2>2. It's not all sunshine for the company</h2>\n<p>Despite its skyrocketing sales and its relative freedom from the expense of a significant advertising budget, Tattooed Chef still registered a net loss in Q1 2021. The company's bottom line has worsened year over year: It produced positive $5.9 million net income in Q1 2020 versus a $7.9 million net loss in the same period this year. It has seen a rise in operating expenses, including a few million directed towards marketing and several million directed towards stock compensation.</p>\n<p>While Tattooed Chef makes plant-based cauliflower burgers, it simply doesn't have the serious research and development (R&amp;D) muscle of Beyond Meat or privately held Impossible Foods to produce meat substitutes at the same level. While Beyond and Impossible maintain laboratories and fund teams of scientists to develop plant protein faux meat closely mimicking the flavor, texture, cooking characteristics, nutrition, and even bleeding of actual meat and are working on similarly advanced plant-based milk and eggs, Tattooed Chef's cauliflower burgers are just spiced and breaded cauliflower patties, a far more casual approach.</p>\n<p>Given that Beyond and Impossible owe their success to the accurate simulation of meat in a plant-based format, Tattooed Chef seems unlikely to tap strongly into that growth market. Its acai bowls, smoothie bowls, and other products, while proving salable, don't have the cutting-edge sales leverage of the advanced faux meats offered by its competitors and might be readily substituted with other companies' frozen meal bowls. Tattooed Chef, at this point, appears to lack the powerful, clear-cut product differentiation at the heart of the success of manufacturers like Beyond Meat.</p>\n<h2>3. The high short interest in Tattooed Chef is a wild card</h2>\n<p>One factor with potentially unpredictable consequences for Tattooed Chef is high short interest, standing at slightly over 36% at the start of June. Under ordinary market conditions, this would be a negative, indicating a large cohort of short-sellers have done their due diligence and found the company's fundamentals to be significantly lacking. A few years ago, this beefy short interest would have been a definitive warning sign about the company's future.</p>\n<p>In today's stock market climate, however, the high short interest could potentially attract the attention of large numbers of retail investors, such as those from the millions-strong r/WallStreetBets Reddit community. Noted for their tremendous short squeeze on the stock of video game seller <b>GameStop</b> and a growing handful of other \"meme stocks,\" these Redditors and other small investors remain on the lookout for heavily shorted stocks to buy in quantity.</p>\n<p>While Tattooed Chef seems to have drawn relatively little notice from these investors up until now, the quest for the next short squeeze takedown could eventually see the company become a meme stock, too. In this case, an attempted squeeze by WallStreetBets readers could pump immense streams of cash into Tattooed Chef, giving the company ample liquidity to aggressively pursue expansion, boost production capacity, and increase the range of product development.</p>\n<h2>Should you add a taste of Tattooed Chef to your portfolio?</h2>\n<p>While Tattooed Chef isn't making the groundbreaking plant-based meat or dairy products of Beyond Meat or Impossible Foods, it appears to have some real potential to become a profitable midsize vegetarian and vegan meal company. Its troubled bottom line and high short interest point to some risk, though, as noted, the latter could become an asset if the company becomes a meme stock and draws a major short squeeze cash inflow from Reddit retail investors at some point.</p>\n<p>Even without such a windfall, however, Tattooed Chef's entry into the Mexican-style food market, along with its rapid development of distribution channels, look like bullish indicators. While the company's future is uncertain and carries some risk, Fools investing in food stocks&nbsp;may want to consider adding at least a few of the company's shares to their holdings.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Tattooed Chef the Next Beyond Meat? 3 Points to Consider</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\">\nIs Tattooed Chef the Next Beyond Meat? 3 Points to Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, Tattooed Chef (NASDAQ:TTCF) says in its own investor materials that ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BYND":"Beyond Meat, Inc.","PCOM":"Points International"},"source_url":"https://www.fool.com/investing/2021/06/17/tattooed-chef-next-beyond-meat-points-consider/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144742013","content_text":"Having gone public via a SPAC (special purpose acquisition company) merger at the start of the current SPAC craze back in mid-2020, Tattooed Chef (NASDAQ:TTCF) says in its own investor materials that it's looking to be a disruptive upstart in the fast-growing plant-based foods sector. After a pair of recent acquisitions and a toothsome first-quarter earnings report, investors rewarded the company with a 20% share price increase in May.\nAn investor conference began on June 16, allowing investors to get a better look at the company's recent background and get clues as to where it might be going. Here are three points you may want to consider while deciding if Tattooed Chef is the next Beyond Meat (NASDAQ:BYND) or if its weaknesses will limit its growth.\n1. Tattooed Chef's operations are thriving\nDespite the company having a traditional advertising budget of zero, Tattooed Chef's sales are booming, with overall revenue jumping 59% year over year from $33.2 million in Q1 2020 to $52.7 million in Q1 2021. An even more favorable sign for customer loyalty and brand recognition was the 105% year-over-year surge in products specifically branded with the Tattooed Chef name (the company also produces store-brand food products for various retailers). The company is projecting between $235 million and $242 million in total revenue for 2021 and a minimum of $300 million in the coming year.\nImage source: Getty Images.\nThe plant-based food maker is also achieving notable growth in the extent of its distribution network. According to company data, the number of stores carrying its products soared 41% between Dec. 31, 2020, and March 31, 2021, rising from 4,300 to 6,065. Points of distribution jumped to 31,000 from 23,000, an increase of nearly 35%.\nDuring the Q1 earnings conference call, CEO Salvatore Galletti said that by Q2's end on June 30, \"We expect to be an additional 1,162 stores with 8,000 new points of distribution, including a number of larger grocery chains.\" He added, \"We are confident we can achieve our 2021 objective of 10,000 stores and 65,000 points of distribution for Tattooed Chef by year end.\"\nTwo early May acquisitions by Tattooed Chef, costing the company a total of $35 million, could be a catalyst for stronger growth and expanded production, too. Tattooed snapped up Karsten Tortilla Factory and New Mexico Food Distributors. According to Galletti, it \"will be immediately addressing the $1 billion Frozen Mexican Food category once the transactions close,\" and will use the new acquisitions as a stepping stone into the $20 billion market for \"Hispanic/Southwest\" food.\nWith Abasto reporting around two-thirds of Americans (233 million) using at least some Mexican foods or recipes according to Statista research, and growth in this type of dining expected to continue, Tattooed Chef's move helps it establish a new position in a strong market sector. The purchase also adds 118,000 square feet of production facilities to its total, helping prevent a processing bottleneck during this period of rapid sales growth. Galletti remarks the two acquisitions are projected to \"contribute up to $200 million annually in revenue in the next two to three years and create significant value.\"\nThe company is also expanding from a focus on frozen and refrigerated foods to shelf-stable foods (which it refers to with the buzzword phrase \"ambient foods\" in company literature). With sales of major shelf-stable food categories such as vegetables and soups having grown anywhere from 28% to 31.3% in 2020 according to market research firm IRI, this could be another potential sales driver.\n2. It's not all sunshine for the company\nDespite its skyrocketing sales and its relative freedom from the expense of a significant advertising budget, Tattooed Chef still registered a net loss in Q1 2021. The company's bottom line has worsened year over year: It produced positive $5.9 million net income in Q1 2020 versus a $7.9 million net loss in the same period this year. It has seen a rise in operating expenses, including a few million directed towards marketing and several million directed towards stock compensation.\nWhile Tattooed Chef makes plant-based cauliflower burgers, it simply doesn't have the serious research and development (R&D) muscle of Beyond Meat or privately held Impossible Foods to produce meat substitutes at the same level. While Beyond and Impossible maintain laboratories and fund teams of scientists to develop plant protein faux meat closely mimicking the flavor, texture, cooking characteristics, nutrition, and even bleeding of actual meat and are working on similarly advanced plant-based milk and eggs, Tattooed Chef's cauliflower burgers are just spiced and breaded cauliflower patties, a far more casual approach.\nGiven that Beyond and Impossible owe their success to the accurate simulation of meat in a plant-based format, Tattooed Chef seems unlikely to tap strongly into that growth market. Its acai bowls, smoothie bowls, and other products, while proving salable, don't have the cutting-edge sales leverage of the advanced faux meats offered by its competitors and might be readily substituted with other companies' frozen meal bowls. Tattooed Chef, at this point, appears to lack the powerful, clear-cut product differentiation at the heart of the success of manufacturers like Beyond Meat.\n3. The high short interest in Tattooed Chef is a wild card\nOne factor with potentially unpredictable consequences for Tattooed Chef is high short interest, standing at slightly over 36% at the start of June. Under ordinary market conditions, this would be a negative, indicating a large cohort of short-sellers have done their due diligence and found the company's fundamentals to be significantly lacking. A few years ago, this beefy short interest would have been a definitive warning sign about the company's future.\nIn today's stock market climate, however, the high short interest could potentially attract the attention of large numbers of retail investors, such as those from the millions-strong r/WallStreetBets Reddit community. Noted for their tremendous short squeeze on the stock of video game seller GameStop and a growing handful of other \"meme stocks,\" these Redditors and other small investors remain on the lookout for heavily shorted stocks to buy in quantity.\nWhile Tattooed Chef seems to have drawn relatively little notice from these investors up until now, the quest for the next short squeeze takedown could eventually see the company become a meme stock, too. In this case, an attempted squeeze by WallStreetBets readers could pump immense streams of cash into Tattooed Chef, giving the company ample liquidity to aggressively pursue expansion, boost production capacity, and increase the range of product development.\nShould you add a taste of Tattooed Chef to your portfolio?\nWhile Tattooed Chef isn't making the groundbreaking plant-based meat or dairy products of Beyond Meat or Impossible Foods, it appears to have some real potential to become a profitable midsize vegetarian and vegan meal company. Its troubled bottom line and high short interest point to some risk, though, as noted, the latter could become an asset if the company becomes a meme stock and draws a major short squeeze cash inflow from Reddit retail investors at some point.\nEven without such a windfall, however, Tattooed Chef's entry into the Mexican-style food market, along with its rapid development of distribution channels, look like bullish indicators. While the company's future is uncertain and carries some risk, Fools investing in food stocks may want to consider adding at least a few of the company's shares to their holdings.","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162686646,"gmtCreate":1624061448585,"gmtModify":1703827773226,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162686646","repostId":"2144755197","repostType":4,"repost":{"id":"2144755197","pubTimestamp":1624014942,"share":"https://ttm.financial/m/news/2144755197?lang=&edition=fundamental","pubTime":"2021-06-18 19:15","market":"us","language":"en","title":"Fox Corp Gains After Lifting Its Share Buyback Plan","url":"https://stock-news.laohu8.com/highlight/detail?id=2144755197","media":"Investing.com","summary":"Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade ","content":"<p>Investing.com – <a href=\"https://laohu8.com/S/FOXBV\">Fox Corp</a> .&nbsp; (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase program.</p>\n<p>The company already had a $2 billion share buyback plan. Of this, share buybacks of $1.56 billion have already been completed.</p>\n<p>Subject to market conditions and other factors, the company intends to repurchase in the open market or otherwise a combination of Class A common stock and Class B common stock.</p>\n<p>This stock repurchase program has no time limit and may be modified, suspended or discontinued at any time, a company release said.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fox Corp Gains After Lifting Its Share Buyback Plan</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\">\nFox Corp Gains After Lifting Its Share Buyback Plan\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 19:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FOXA":"福克斯-A","FOX":"福克斯-B"},"source_url":"https://finance.yahoo.com/news/fox-corp-gains-lifting-share-063142236.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2144755197","content_text":"Investing.com – Fox Corp .  (NASDAQ:FOXA) stock was up approximately 1% in Friday's premarket trade after the media and entertainment giant announced it will add $2 billion to its share repurchase program.\nThe company already had a $2 billion share buyback plan. Of this, share buybacks of $1.56 billion have already been completed.\nSubject to market conditions and other factors, the company intends to repurchase in the open market or otherwise a combination of Class A common stock and Class B common stock.\nThis stock repurchase program has no time limit and may be modified, suspended or discontinued at any time, a company release said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162681952,"gmtCreate":1624061372476,"gmtModify":1703827770081,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162681952","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://ttm.financial/m/news/2144774740?lang=&edition=fundamental","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</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>Adobe Getting Lift From Economic Reopening Post-Pandemic</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":302,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162397843,"gmtCreate":1624033732682,"gmtModify":1703827325184,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162397843","repostId":"1113742137","repostType":4,"repost":{"id":"1113742137","pubTimestamp":1624024191,"share":"https://ttm.financial/m/news/1113742137?lang=&edition=fundamental","pubTime":"2021-06-18 21:49","market":"us","language":"en","title":"Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital","url":"https://stock-news.laohu8.com/highlight/detail?id=1113742137","media":"cnbc","summary":"Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave ","content":"<div>\n<p>Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs ramps up bitcoin trading in new partnership with Mike Novogratz’s Galaxy Digital\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 21:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"source_url":"https://www.cnbc.com/2021/06/18/bitcoin-goldman-sachs-ramps-up-trading-in-partnership-with-mike-novogratz-galaxy-digital.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1113742137","content_text":"Goldman Sachs's efforts to help hedge funds and other big institutional clients wager onbitcoinhave taken a step forward.\nThe bank has begun trading bitcoin futures withGalaxy Digital, the crypto investment firm founded byMike Novogratz, CNBC has exclusively learned.\nThe trades represent the first time that Goldman has used a digital assets firm as a counterparty since the investment bank set up its cryptocurrency desk last month, according toDamien Vanderwilt, co-president of Galaxy and head of its global markets division.\nThe moves by Goldman, the preeminent global investment bank, may reverberate on Wall Street and beyond as banksincreasingly face pressurefrom clients who want exposure to bitcoin. By being the first major U.S. bank to begin trading cryptocurrency, Goldman is essentially giving other banks cover to begin doing so as well, said Vanderwilt, a former Goldman partner whojoinedGalaxy last year.\n\"There's a whole dynamic with the major banks that I've seen time and time again: safety in numbers,\" Vanderwilt said this week in an interview. \"Once one bank is out there doing this, the other banks will have [fear of missing out] and they'll get on-boarded because their clients have been asking for it.\"\nGalaxy was scheduled to announce Friday that it will serve as Goldman's \"liquidity provider\" – Wall Street parlance for a company that provides quotes for buy and sell orders –  onCME Groupbitcoin futures. Last month, in a memofirst reportedby CNBC, Goldman said it would sign on \"new liquidity providers to help us in expanding our offering.\"\n\"Our goal is to equip our clients with best-execution pricing and secure access to the assets they want to trade,\" Max Minton, head of digital assets for Goldman's Asia-Pacific region, said in a statement. \"In 2021, this now includes crypto, and we are pleased to have found a partner with a broad range of liquidity venues and differentiated derivatives capabilities spanning the cryptocurrency ecosystem.\"\nGoldman is leaning on Galaxy for access to the crypto world because the highly regulated banking industry can't handle bitcoin directly, according to Vanderwilt.\nBut nothing prevents banks from dealing in financial wagers tied to the price of the underlying coins, and so that is where Wall Street is starting its crypto journey. There are parallels in the commodities realm, in which banks trade exposure to hogs or corn without owning the physical asset, he said.\nGalaxy, whose management ranks arestockedwith ex-Goldman executives familiar with running regulated businesses, positions itself as a bridge for financial companies and crypto venues. The firm, whose shares are listed on the Toronto Stock Exchange, will likely offer shares in the U.S. this year.\nIt's a step toward the vision that Vanderwilt and the other former Goldman executives have for the development of bitcoin's market infrastructure. As more banks allow clients including hedge funds, pensions, family offices and sovereign wealth funds to trade bitcoin, the depth and breadth of the market improves, which ultimately should lower bitcoin's famous volatility, he said.\n\"You're moving the market participants from being north of 90% retail, a huge chunk of which have access toridiculous amountsof leverage, into an institutional community, who have proper, tried-and-tested rules and regulations about leverage, asset-liability mismatch and risk,\" Vanderwilt said. \"The more activity that moves into the institutional community, the less volatility there will be.\"\nBanks will be able to offer clients ways to wager on bitcoin using derivatives, taking a page from the world of established finance, he said. That includes arbitrage bets related to the price gap between CME bitcoin futures and bitcoin itself, relative value trades between bitcoin and ethereum, and the creation of bitcoin structured notes.\nGoldman's steps in cryptocurrency trading are happening despite sustained skepticism toward bitcoin from other parts of the firm. Most notably, the bank'schief investment officerfor wealth management has called bitcoin abubblethat isn't appropriate for investors.\nBut if enough trading clients ask for a product, investment banks are obliged to provide it, a dynamic that Vanderwilt has seen in other nascent markets around the world during his two decades at Goldman.\n\"If the phone rings enough times and clients are trying to get exposure, you eventually figure out how to do it for them safely, understanding that your role in the world is to intermediate exposure safely, not to act as a fiduciary,\" he said.\nThe milestone brings Vanderwilt full circle with his former life. In 2017, as a senior Goldman trading executive, he was tasked with helping start thebank's first effortto trade bitcoin futures, a plan that was later shelved. Now he's helping make it happen from his position at Galaxy.\n\"There's a lot of irony, I smile about it a lot,\" Vanderwilt said. \"But I'm really happy, it's a happy full circle.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162395686,"gmtCreate":1624033685545,"gmtModify":1703827322582,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/162395686","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://ttm.financial/m/news/2144774740?lang=&edition=fundamental","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</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>Adobe Getting Lift From Economic Reopening Post-Pandemic</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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-06-18 23:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p>\n<p>The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p>\n<p>The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p>\n<p>For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p>\n<h2>ADBE Stock Rises After Earnings Report</h2>\n<p>In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p>\n<p>\"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p>\n<p>That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p>\n<p>\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p>\n<p>The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p>\n<h2>Analysts Raise Price Targets On Adobe Stock</h2>\n<p>At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p>\n<p>Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p>\n<p>\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p>\n<p>On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p>\n<p>However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161220495,"gmtCreate":1623929774217,"gmtModify":1703823748084,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Tiktok","listText":"Tiktok","text":"Tiktok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161220495","repostId":"1162768247","repostType":4,"isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161265490,"gmtCreate":1623929546210,"gmtModify":1703823743635,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161265490","repostId":"2144717910","repostType":4,"repost":{"id":"2144717910","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":1623915277,"share":"https://ttm.financial/m/news/2144717910?lang=&edition=fundamental","pubTime":"2021-06-17 15:34","market":"sh","language":"en","title":"China stocks gain after 3 days as techs shine","url":"https://stock-news.laohu8.com/highlight/detail?id=2144717910","media":"Reuters","summary":"SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses,","content":"<p>SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.</p>\n<p>The blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.</p>\n<p>The start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.</p>\n<p>The gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.</p>\n<p>Growth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.</p>\n<p>The U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.</p>\n<p>Tech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.</p>\n<p>The CSI all share semiconductors &amp; semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.</p>\n<p>Vice Premier Liu He&nbsp;has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.</p>\n<p>Though concerns over domestic valuations remained a focal point for investors.</p>\n<p>\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.</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>China stocks gain after 3 days as techs shine</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\">\nChina stocks gain after 3 days as techs shine\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 15:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.</p>\n<p>The blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.</p>\n<p>The start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.</p>\n<p>The gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.</p>\n<p>Growth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.</p>\n<p>The U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.</p>\n<p>Tech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.</p>\n<p>The CSI all share semiconductors &amp; semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.</p>\n<p>Vice Premier Liu He&nbsp;has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.</p>\n<p>Though concerns over domestic valuations remained a focal point for investors.</p>\n<p>\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144717910","content_text":"SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.\nThe blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.\nThe start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.\nThe gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.\nGrowth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.\nThe U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.\nTech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.\nThe CSI all share semiconductors & semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.\nVice Premier Liu He has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.\nThough concerns over domestic valuations remained a focal point for investors.\n\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.\n\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161265049,"gmtCreate":1623929491781,"gmtModify":1703823742824,"author":{"id":"3572471644458870","authorId":"3572471644458870","name":"MTan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572471644458870","authorIdStr":"3572471644458870"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/161265049","repostId":"2144717910","repostType":4,"repost":{"id":"2144717910","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":1623915277,"share":"https://ttm.financial/m/news/2144717910?lang=&edition=fundamental","pubTime":"2021-06-17 15:34","market":"sh","language":"en","title":"China stocks gain after 3 days as techs shine","url":"https://stock-news.laohu8.com/highlight/detail?id=2144717910","media":"Reuters","summary":"SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses,","content":"<p>SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.</p>\n<p>The blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.</p>\n<p>The start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.</p>\n<p>The gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.</p>\n<p>Growth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.</p>\n<p>The U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.</p>\n<p>Tech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.</p>\n<p>The CSI all share semiconductors &amp; semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.</p>\n<p>Vice Premier Liu He&nbsp;has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.</p>\n<p>Though concerns over domestic valuations remained a focal point for investors.</p>\n<p>\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.</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>China stocks gain after 3 days as techs shine</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; 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{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\">\nChina stocks gain after 3 days as techs shine\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 15:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.</p>\n<p>The blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.</p>\n<p>The start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.</p>\n<p>The gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.</p>\n<p>Growth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.</p>\n<p>The U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.</p>\n<p>Tech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.</p>\n<p>The CSI all share semiconductors &amp; semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.</p>\n<p>Vice Premier Liu He&nbsp;has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.</p>\n<p>Though concerns over domestic valuations remained a focal point for investors.</p>\n<p>\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144717910","content_text":"SHANGHAI, June 17 (Reuters) - China stocks rose on Thursday after three straight sessions of losses, as subdued factory output data eased fears of policy tightening in the world's second-largest economy, while tech firms shined on report of chip push.\nThe blue-chip CSI300 index rose 0.4% to 5,101.89, while the Shanghai Composite Index added 0.2% to 3,525.60.\nThe start-up board ChiNext climbed 2%, while Shanghai's tech-focused STAR50 index rallied 4.8%.\nThe gains came after a three-day losing streak, with the CSI300 falling the most in two months on Wednesday.\nGrowth in China's factory output slowed for a third straight month in May, likely weighed down by disruptions caused by COVID-19 outbreaks in the country's southern export powerhouse of Guangdong.\nThe U.S. Federal Reserve on Wednesday began closing the door on its pandemic-driven monetary policy as officials projected an accelerated timetable for interest rate increases.\nTech firms, in particular semiconductor firms, shined after report of Beijing's latest chip push.\nThe CSI all share semiconductors & semiconductor equipment index jumps 8.6%, with top chipmaker Semiconductor International Manufacturing Corp ending up 7.5% in Shanghai.\nVice Premier Liu He has been tapped to spearhead the development of so-called third-generation chip production and lead the formulation of policy support for the technology, Bloomberg News reported.\nThough concerns over domestic valuations remained a focal point for investors.\n\"The root cause for the recent correction was high valuations, as many Chinese institutional investors switched out of expensive stocks to prepare for a year-end ranking,\" said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.\n\"There is co-existence of extremely high valuations and extremely low valuations in the A-share market, which needs to be corrected,\" he said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":156,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}