HandofMidas personal page - To The Moon

HandofMidas

HandofMidas

No personal profile

20Follow

2Followers

0Topic

0Badge

2021-02-14

Wow

Not Just Tesla: Why Big Companies are Buying into Crypto-Mania

2021-02-11

Inspirational

Sorry, the original content has been removed

2021-02-09

Wow

Honda beats estimates to post 67% gain in third-quarter operating profit

2021-02-09

Wow

Sorry, the original content has been removed

2021-02-09

Wow

Stock Markets Soar: Here Are 2 Stocks Cathie Wood's ARK Invest Added to Last Week

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":3572604650498340,"uuid":"3572604650498340","gmtCreate":1609583193320,"gmtModify":1612856428404,"name":"HandofMidas","pinyin":"handofmidas","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":2,"headSize":20,"tweetSize":5,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.05.10","exceedPercentage":"60.24%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.11.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":386436271,"gmtCreate":1613233500693,"gmtModify":1704879538289,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"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/386436271","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://www.laohu8.com/m/news/1179092967?lang=&edition=full","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</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>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388344789,"gmtCreate":1613030755841,"gmtModify":1704877536381,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Inspirational","listText":"Inspirational","text":"Inspirational","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/388344789","repostId":"2110041062","repostType":2,"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383125650,"gmtCreate":1612856225770,"gmtModify":1704874991705,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383125650","repostId":"1158001570","repostType":4,"repost":{"id":"1158001570","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":1612854747,"share":"https://www.laohu8.com/m/news/1158001570?lang=&edition=full","pubTime":"2021-02-09 15:12","market":"us","language":"en","title":"Honda beats estimates to post 67% gain in third-quarter operating profit","url":"https://stock-news.laohu8.com/highlight/detail?id=1158001570","media":"Reuters","summary":"Japanese automaker Honda Motor Co on Tuesday posted a better-than-expected 67% jump in third-quarter","content":"<p>Japanese automaker Honda Motor Co on Tuesday posted a better-than-expected 67% jump in third-quarter operating profit to 277.7 billion yen ($2.65 billion) as car demand gained momentum in the latter half of 2020.</p>\n<p>The result for the three months to Dec. 31 was better than an estimated average of 176.72 billion yen profit from eight analysts surveyed by Refinitiv SmartEstimate, and beat the 166.6 billion yen profit a year ago.</p>\n<p>Honda revised its full-year forecast for a record operating profit to 520 billion yen, up from the 420 billion yen profit it forecast three months ago.</p>\n<p>That projection is higher than an average 463.6 billion yen profit forecast based on predictions from 21 analysts, Refinitiv data shows.</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>Honda beats estimates to post 67% gain in third-quarter operating profit</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\">\nHonda beats estimates to post 67% gain in third-quarter operating profit\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-09 15:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Japanese automaker Honda Motor Co on Tuesday posted a better-than-expected 67% jump in third-quarter operating profit to 277.7 billion yen ($2.65 billion) as car demand gained momentum in the latter half of 2020.</p>\n<p>The result for the three months to Dec. 31 was better than an estimated average of 176.72 billion yen profit from eight analysts surveyed by Refinitiv SmartEstimate, and beat the 166.6 billion yen profit a year ago.</p>\n<p>Honda revised its full-year forecast for a record operating profit to 520 billion yen, up from the 420 billion yen profit it forecast three months ago.</p>\n<p>That projection is higher than an average 463.6 billion yen profit forecast based on predictions from 21 analysts, Refinitiv data shows.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HMC":"本田汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158001570","content_text":"Japanese automaker Honda Motor Co on Tuesday posted a better-than-expected 67% jump in third-quarter operating profit to 277.7 billion yen ($2.65 billion) as car demand gained momentum in the latter half of 2020.\nThe result for the three months to Dec. 31 was better than an estimated average of 176.72 billion yen profit from eight analysts surveyed by Refinitiv SmartEstimate, and beat the 166.6 billion yen profit a year ago.\nHonda revised its full-year forecast for a record operating profit to 520 billion yen, up from the 420 billion yen profit it forecast three months ago.\nThat projection is higher than an average 463.6 billion yen profit forecast based on predictions from 21 analysts, Refinitiv data shows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383123899,"gmtCreate":1612855556011,"gmtModify":1704874984705,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"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/383123899","repostId":"1179951171","repostType":4,"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383123014,"gmtCreate":1612855452238,"gmtModify":1704874984058,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383123014","repostId":"1135665178","repostType":4,"repost":{"id":"1135665178","pubTimestamp":1612855295,"share":"https://www.laohu8.com/m/news/1135665178?lang=&edition=full","pubTime":"2021-02-09 15:21","market":"us","language":"en","title":"Stock Markets Soar: Here Are 2 Stocks Cathie Wood's ARK Invest Added to Last Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1135665178","media":"Motley Fool","summary":"Find out what this investor has been up to.\nStocks pushed higher into record territory on Monday, as","content":"<p>Find out what this investor has been up to.</p>\n<p>Stocks pushed higher into record territory on Monday, as investors were pleased with progress on the COVID-19 front and also hoped for economic stimulus measures from Washington. The&nbsp;<b>Dow Jones Industrial Average</b>,<b>S&amp;P 500</b>, and&nbsp;<b>Nasdaq Composite</b>&nbsp;climbed as much as 1% on the day.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3a4d76843e71173ab06215140ce3159\" tg-width=\"1152\" tg-height=\"409\"><span>DATA SOURCE: YAHOO! FINANCE.</span></p>\n<p>As strong as the stock market's performance has been lately, it pales in comparison to what ace investor Cathie Wood has done. As chief investment officer of ARK Invest, Wood runs five active ETFs that more than doubled in value in 2020. As a consequence, people pay attention when ARK Invest buys and sells stocks, and a couple of companies stood out among Wood's purchases last week.</p>\n<p><b>Lockheed Martin</b></p>\n<p><b>Lockheed Martin</b>&nbsp;(NYSE:LMT)&nbsp;might not seem like the sort of stock that would ordinarily get the attention of ARK Invest's funds. However, the old-school defense contractor got two purchases from the company's&nbsp;<b>ARK Autonomous Technology &amp; Robotics ETF</b>&nbsp;(NYSEMKT:ARKQ)&nbsp;last week, including a nearly 47,700-share purchase on Monday, Feb. 1 and a 16,500-share buy the following day. Combined, the two investments represented about 0.7% of the ETF's total assets, bringing the fraction of the fund invested in Lockheed to nearly 2%.</p>\n<p>Lockheed finds itself in an aerospace and defense sectorthat's been off Wall Street's radar lately. The COVID-19 pandemic has crushed commercial aviation, and while Lockheed doesn't have a huge amount of commercial exposure, its Sikorsky helicopter division does serve some non-military purposes. However, most of its aircraft are reserved for military applications.</p>\n<p>What many have seen as a potential point of interest for ARK Invest is Lockheed's experience with rocketry. ARK Invest has said it intends to open a space exploration ETF in the near future, and Lockheed could be among the companies to play a prominent role in such a fund's initial portfolio. With many other choices like SpaceX and Blue Origin remaining privately held, it's hard to findpublicly traded space stocksat all -- let alone companies with more experience with rocket launches than Lockheed has.</p>\n<p>Wood's purchases of Lockheed haven't yet made the stock a major position in its current lineup of ETFs. That could change when the space ETF becomes available.</p>\n<p><b>PayPal Holdings</b></p>\n<p>ARK Invest also added to positions in payment specialist&nbsp;<b>PayPal Holdings</b>&nbsp;(NASDAQ:PYPL). Purchases of 66,100 and 24,750 shares in the&nbsp;<b>ARK Fintech Innovation ETF</b>&nbsp;(NYSEMKT:ARKF)&nbsp;made PayPal the fund's fourth-largest holding, making up 4.4% of the fund.</p>\n<p>The purchases came afterPayPal announced its fourth-quarter financial report. The electronic payments specialist added 16 million new active accounts during the period, and total payment volume climbed 39% year over year. About 377 million customers now use PayPal actively, moving $277 billion in payments during the quarter and bringing in $6.1 billion in revenue.</p>\n<p>Electronic payments have become increasingly important during the pandemic, as e-commerce has come to the forefront. Yet&nbsp;PayPal has a lot of initiatives in its pipeline, and that could bolster growth even further.</p>\n<p>Fintech has been a strong area for Wood, and the fintech ETF has performed quite well. PayPal's been a big contributor to that success, and that's likely to continue.</p>\n<p><b>Keep watching</b></p>\n<p>Watching what top investors do with their money can help you invest better as well. ARK Invest is on top of its game right now, and the stocks it's buying and selling deserve your attention.</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>Stock Markets Soar: Here Are 2 Stocks Cathie Wood's ARK Invest Added to Last 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\">\nStock Markets Soar: Here Are 2 Stocks Cathie Wood's ARK Invest Added to Last Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-09 15:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/02/08/stock-markets-soar-2-stocks-cathie-wood-ark-invest/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Find out what this investor has been up to.\nStocks pushed higher into record territory on Monday, as investors were pleased with progress on the COVID-19 front and also hoped for economic stimulus ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/02/08/stock-markets-soar-2-stocks-cathie-wood-ark-invest/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKK":"ARK Innovation ETF","PYPL":"PayPal","ARKQ":"ARK Autonomous Technology & Robotics ETF","LMT":"洛克希德马丁","ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","ARKG":"ARK Genomic Revolution ETF"},"source_url":"https://www.fool.com/investing/2021/02/08/stock-markets-soar-2-stocks-cathie-wood-ark-invest/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135665178","content_text":"Find out what this investor has been up to.\nStocks pushed higher into record territory on Monday, as investors were pleased with progress on the COVID-19 front and also hoped for economic stimulus measures from Washington. The Dow Jones Industrial Average,S&P 500, and Nasdaq Composite climbed as much as 1% on the day.\nDATA SOURCE: YAHOO! FINANCE.\nAs strong as the stock market's performance has been lately, it pales in comparison to what ace investor Cathie Wood has done. As chief investment officer of ARK Invest, Wood runs five active ETFs that more than doubled in value in 2020. As a consequence, people pay attention when ARK Invest buys and sells stocks, and a couple of companies stood out among Wood's purchases last week.\nLockheed Martin\nLockheed Martin (NYSE:LMT) might not seem like the sort of stock that would ordinarily get the attention of ARK Invest's funds. However, the old-school defense contractor got two purchases from the company's ARK Autonomous Technology & Robotics ETF (NYSEMKT:ARKQ) last week, including a nearly 47,700-share purchase on Monday, Feb. 1 and a 16,500-share buy the following day. Combined, the two investments represented about 0.7% of the ETF's total assets, bringing the fraction of the fund invested in Lockheed to nearly 2%.\nLockheed finds itself in an aerospace and defense sectorthat's been off Wall Street's radar lately. The COVID-19 pandemic has crushed commercial aviation, and while Lockheed doesn't have a huge amount of commercial exposure, its Sikorsky helicopter division does serve some non-military purposes. However, most of its aircraft are reserved for military applications.\nWhat many have seen as a potential point of interest for ARK Invest is Lockheed's experience with rocketry. ARK Invest has said it intends to open a space exploration ETF in the near future, and Lockheed could be among the companies to play a prominent role in such a fund's initial portfolio. With many other choices like SpaceX and Blue Origin remaining privately held, it's hard to findpublicly traded space stocksat all -- let alone companies with more experience with rocket launches than Lockheed has.\nWood's purchases of Lockheed haven't yet made the stock a major position in its current lineup of ETFs. That could change when the space ETF becomes available.\nPayPal Holdings\nARK Invest also added to positions in payment specialist PayPal Holdings (NASDAQ:PYPL). Purchases of 66,100 and 24,750 shares in the ARK Fintech Innovation ETF (NYSEMKT:ARKF) made PayPal the fund's fourth-largest holding, making up 4.4% of the fund.\nThe purchases came afterPayPal announced its fourth-quarter financial report. The electronic payments specialist added 16 million new active accounts during the period, and total payment volume climbed 39% year over year. About 377 million customers now use PayPal actively, moving $277 billion in payments during the quarter and bringing in $6.1 billion in revenue.\nElectronic payments have become increasingly important during the pandemic, as e-commerce has come to the forefront. Yet PayPal has a lot of initiatives in its pipeline, and that could bolster growth even further.\nFintech has been a strong area for Wood, and the fintech ETF has performed quite well. PayPal's been a big contributor to that success, and that's likely to continue.\nKeep watching\nWatching what top investors do with their money can help you invest better as well. ARK Invest is on top of its game right now, and the stocks it's buying and selling deserve your attention.","news_type":1},"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":388344789,"gmtCreate":1613030755841,"gmtModify":1704877536381,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Inspirational","listText":"Inspirational","text":"Inspirational","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/388344789","repostId":"2110041062","repostType":2,"isVote":1,"tweetType":1,"viewCount":66,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383125650,"gmtCreate":1612856225770,"gmtModify":1704874991705,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383125650","repostId":"1158001570","repostType":4,"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383123014,"gmtCreate":1612855452238,"gmtModify":1704874984058,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383123014","repostId":"1135665178","repostType":4,"isVote":1,"tweetType":1,"viewCount":38,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":386436271,"gmtCreate":1613233500693,"gmtModify":1704879538289,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"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/386436271","repostId":"1179092967","repostType":4,"repost":{"id":"1179092967","pubTimestamp":1613100617,"share":"https://www.laohu8.com/m/news/1179092967?lang=&edition=full","pubTime":"2021-02-12 11:30","market":"us","language":"en","title":"Not Just Tesla: Why Big Companies are Buying into Crypto-Mania","url":"https://stock-news.laohu8.com/highlight/detail?id=1179092967","media":"barrons","summary":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla , which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.Mastercard  said on Wednesday that it will let m","content":"<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.</p><p>The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.</p><p>But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.</p><p>Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.</p><p>Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.</p><p>There are at least four big reasons corporations are diving in.</p><p>One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.</p><p>Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor told<i>Barron’s</i>&nbsp;in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.</p><p>Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.</p><p>Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.</p><p>Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.</p><p>And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.</p><p>A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.</p><p>A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.</p><p>Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.</p><p>“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.</p><p>Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.</p><p>“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email to<i>Barron’s</i>. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”</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>Not Just Tesla: Why Big Companies are Buying into Crypto-Mania</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\">\nNot Just Tesla: Why Big Companies are Buying into Crypto-Mania\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-12 11:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of ...</p>\n\n<a href=\"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/414360f2ef7b5c785cb936b4a9b53a44","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/not-just-tesla-why-big-companies-are-buying-into-crypto-mania-51613069805?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179092967","content_text":"For months, there has beena consistent trickle of newsabout mainstream businesses getting involved in cryptocurrencies. In the past week, it has turned into a flood, helping to push the price of Bitcoin to a record of $48,297 on Thursday.The most buzzworthy move came from Tesla (ticker: TSLA), which disclosed on Monday that it hasbought $1.5 billion worth of Bitcointo hold on its balance sheet. The company plans to let consumers use the currency to pay for cars.But Tesla isn’t the only one. On Thursday, BNY Mellon (BK), the oldest bank in the U.S.,said it will hold and transfer cryptocurrencies for customers. “Growing client demand for digital assets, maturity of advanced solutions, and improving regulatory clarity present a tremendous opportunity for us to extend our current service offerings to this emerging field,” said Roman Regelman, the bank’s CEO of asset servicing and head of digital.Mastercard (MA) said on Wednesday that it will let merchants accept some cryptocurrencies through its network later this year. The payments will be converted to traditional money before it enters the companies’ systems.Twitter(TWTR) is also considering a Bitcoin investment. And Square (SQ) has already put some on its balance sheet, as well as given users of its Cash App access to buy the cryptocurrency.Why is this happening now? Cryptocurrencies are still not particularly useful outside of a very few cases, such as cross-border transactions. Even there, they haven’t fully taken hold.There are at least four big reasons corporations are diving in.One is that some company founders believe in Bitcoin. Their excitement about the asset has convinced them that their companies need to be involved, or have cryptocurrency investments, even if Bitcoin isn’t really the core of their operations. That appears to be the case for Tesla and its CEO Elon Musk, and for a software company calledMicrostrategyand its CEO, Michael Saylor.Microstrategy, whose entire market capitalization was below $1 billion early last year, now owns more than $2 billion of Bitcoin, and its market cap is now just under $10 billion. Saylor toldBarron’s in an interview last yearthat he sees Bitcoin as a hedge against monetary debasement and inflation.Square CEO Jack Dorsey ‘s fascination with Bitcoin also likely sped Square’s adoption. He has spoken about his interest in the currency for years.Tesla’s purchase of Bitcoin is strong marketing for the company and the currency, said Dan Morehead, founder of the crypto hedge fund Pantera Capital. But it won’t likely change the way Bitcoin is used. “Tesla sells a half a million cars a year,” he said. “If they sold 4% in Bitcoin, I’d be surprised.” Morehead thinks Bitoin’s growing use for cross-border payments is much more exciting from a practical perspective.Other companies are getting into Bitcoin because of customer demand. That appears to be the case for BNY Mellon, which is not known for making risky bets on new technologies. It could stay out of the industry altogether, but more institutional investors are buying Bitcoin and need somewhere to put it.And the infrastructure around Bitcoin has grown, so that it now more closely resembles the systems used in the rest of the world of finance.. Big companies now insure cryptocurrencies or—as in the case ofJPMorgan Chase(JPM)—offer services to cryptocurrency businesses, even if most still don’t hold Bitcoin on their own balance sheets.A third reason is increasing government acceptance of the trend. BNY cited greater regulatory clarity around Bitcoin as one reason it is diving in. The U.S. government has taken a mostly laissez-faire approach to regulating digital assets even as many of the illegal activities that cryptocurrency has been associated with in the past have continued. Without at least the tacit approval of regulators, crypto couldn’t have landed on the balance sheets of so many companies.A fourth reason cryptocurrencies are gaining hold in corporate boardrooms is that they serve multiple purposes. That gives corporations several different rationales to hold the coins, or offer related services. Cryptocurrencies have the potential to go well beyond Bitcoin’s initial premise as a way to send money without financial intermediaries. So-called stablecoins, whose value is meant to track fiat currencies, could allow for faster transactions for some kinds of financial services, for instance.Visa(V) andMasterCardseem like the last places in the world that Bitcoin would take hold given that Bitcoin was created to eliminate the middlemen in finance. Few companies fill the role of middleman as perfectly as the credit-card processors. Visa, however, thinks that cryptocurrencies are useful for many other purposes, and its trusted brand makes it an important player, according to Cuy Sheffield, head of crypto at the company.“We’ve seen growing demand from clients across the world that want to be able to plug in and use these networks, but they want a global, neutral, trusted brand, to help them be able to do that,” Sheffield said in an interview. Visa said last week it has created software that allows bank customers to buy and hold cryptocurrencies through lenders’ websites.Will old-line financial companies be the biggest beneficiaries of the crypto “revolution”? Michael Venuto, the chief investment officer of Toroso Investments, doesn’t think it will be easy for them to dominate this new world. Toroso created theAmplify Transformational Data SharingETF (ticker: BLOK), which invests in public companies involved in the technology behind Bitcoin.“In terms of the self-referenced paradox of the old economy accepting the blockchain, it is simply inevitable,” Venuto wrote in an email toBarron’s. “If they don’t explore the blockchain they will be extinct. They understand that, but they are not aware of how big the changes will be or how fast they will happen. They have to evolve, but evolution can be messy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":31,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":383123899,"gmtCreate":1612855556011,"gmtModify":1704874984705,"author":{"id":"3572604650498340","authorId":"3572604650498340","name":"HandofMidas","avatar":"https://static.tigerbbs.com/aa32b7dcfff53b2b5e21971e2cfdf081","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"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/383123899","repostId":"1179951171","repostType":4,"repost":{"id":"1179951171","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":1612852766,"share":"https://www.laohu8.com/m/news/1179951171?lang=&edition=full","pubTime":"2021-02-09 14:39","market":"us","language":"en","title":"Lost in the 'Gamestonks' mania - What is GameStop actually worth?","url":"https://stock-news.laohu8.com/highlight/detail?id=1179951171","media":"Reuters","summary":"Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company","content":"<p>Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.</p>\n<p>The company’s shares soared more than 1,600% in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.</p>\n<p>While few on the forums have posted their breakdown of what they think is the fair value of a share of GameStock, a popular YouTube streamer named Keith Patrick Gill, who posted under the name the Roaring Kitty, suggested in videos prior to the short squeeze that it was worth at least $50 per share.</p>\n<p>The company’s stock fell 5.9% to $60 in Monday trading.</p>\n<p>Analysts who cover GameStock see it worth on average $13.44 per share, a 78% drop from its current trading price, highlighting the wide gulf between how Wall Street and amateur investors view a stock that has become a symbol of the growing power of retail investors.</p>\n<p>“I’ve worked on Wall Street for over 20 years and what is happening with GameStop is the most nonsensical, insane thing I’ve ever seen in my entire career,” said Anthony Chukumba, a managing director at Loop Capital who covered the company for more than 10 years but recently dropped his coverage due to a lack of interest by institutional investors.</p>\n<p>“GameStop at most is worth $10 a share,” Chukumba said, given its declining market share. “We’ve seen short squeezes happen all the time but we’ve never seen a stock become so disconnected from the fundamentals.”</p>\n<p><b>FOCUS TO DIGITAL</b></p>\n<p>At heart is whether the company will be able to transition to a focus on digital sales without losing its profitable used games business, which at gross margins of approxamitely 50% is by far its most lucrative business segment.</p>\n<p>GameStop did not respond to a request for comment.</p>\n<p>In an unlikely “bright blue sky” scenario, GameStop shares would be worth $125 each, assuming a 20 times multiple of earnings per share of $6.29 in 2024, said Colin Sebastian, an analyst at Robert W. Baird &amp; Co. That would only be possible if GameStop boosts margins by saving $500 million annually by closing its 2,500 physical locations while retaining its market share against competitors such as Best Buy Co Inc and Target Corp, he said.</p>\n<p>That scenario has at most a 5% probability of happening, Sebastian noted. Far more likely is that GameStop will benefit from faster e-commerce growth while closing stores at a delayed pace with a slower rollout of new services, leaving its shares worth $13 each, he said.</p>\n<p>A “storm cloud” scenario, meanwhile, in which customers abandon the store and push the company’s share price to zero, is three times more likely to happen than a successful transition to a digital marketplace, Sebastian said.</p>\n<p>The company's current average target price among analysts is nearly double that of November, shortly before Ryan Cohen, one of the company's largest shareholders, urged it in a Nov. 16 letterhereto focus on digital sales.</p>\n<p>Michael Pachter, an analyst at Wedbush Securities, currently has a $16 per share price target for the company but said that “you could convince me that it’s worth $24” per share depending on its ability to transition to a digital-first business.</p>\n<p>Yet the stock’s price has become disconnected from its intrinsic value, leaving it inevitable that it will collapse, he said.</p>\n<p>“They are a real company with real profits and the management team is good,” Pachter said. “I was telling the shorts when it was at $8 that it’s not going to zero.”</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>Lost in the 'Gamestonks' mania - What is GameStop actually worth?</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\">\nLost in the 'Gamestonks' mania - What is GameStop actually worth?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-09 14:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.</p>\n<p>The company’s shares soared more than 1,600% in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.</p>\n<p>While few on the forums have posted their breakdown of what they think is the fair value of a share of GameStock, a popular YouTube streamer named Keith Patrick Gill, who posted under the name the Roaring Kitty, suggested in videos prior to the short squeeze that it was worth at least $50 per share.</p>\n<p>The company’s stock fell 5.9% to $60 in Monday trading.</p>\n<p>Analysts who cover GameStock see it worth on average $13.44 per share, a 78% drop from its current trading price, highlighting the wide gulf between how Wall Street and amateur investors view a stock that has become a symbol of the growing power of retail investors.</p>\n<p>“I’ve worked on Wall Street for over 20 years and what is happening with GameStop is the most nonsensical, insane thing I’ve ever seen in my entire career,” said Anthony Chukumba, a managing director at Loop Capital who covered the company for more than 10 years but recently dropped his coverage due to a lack of interest by institutional investors.</p>\n<p>“GameStop at most is worth $10 a share,” Chukumba said, given its declining market share. “We’ve seen short squeezes happen all the time but we’ve never seen a stock become so disconnected from the fundamentals.”</p>\n<p><b>FOCUS TO DIGITAL</b></p>\n<p>At heart is whether the company will be able to transition to a focus on digital sales without losing its profitable used games business, which at gross margins of approxamitely 50% is by far its most lucrative business segment.</p>\n<p>GameStop did not respond to a request for comment.</p>\n<p>In an unlikely “bright blue sky” scenario, GameStop shares would be worth $125 each, assuming a 20 times multiple of earnings per share of $6.29 in 2024, said Colin Sebastian, an analyst at Robert W. Baird &amp; Co. That would only be possible if GameStop boosts margins by saving $500 million annually by closing its 2,500 physical locations while retaining its market share against competitors such as Best Buy Co Inc and Target Corp, he said.</p>\n<p>That scenario has at most a 5% probability of happening, Sebastian noted. Far more likely is that GameStop will benefit from faster e-commerce growth while closing stores at a delayed pace with a slower rollout of new services, leaving its shares worth $13 each, he said.</p>\n<p>A “storm cloud” scenario, meanwhile, in which customers abandon the store and push the company’s share price to zero, is three times more likely to happen than a successful transition to a digital marketplace, Sebastian said.</p>\n<p>The company's current average target price among analysts is nearly double that of November, shortly before Ryan Cohen, one of the company's largest shareholders, urged it in a Nov. 16 letterhereto focus on digital sales.</p>\n<p>Michael Pachter, an analyst at Wedbush Securities, currently has a $16 per share price target for the company but said that “you could convince me that it’s worth $24” per share depending on its ability to transition to a digital-first business.</p>\n<p>Yet the stock’s price has become disconnected from its intrinsic value, leaving it inevitable that it will collapse, he said.</p>\n<p>“They are a real company with real profits and the management team is good,” Pachter said. “I was telling the shorts when it was at $8 that it’s not going to zero.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179951171","content_text":"Shares of video game retailer GameStop Corp have been on a wild ride. Analysts who cover the company, however, remain unmoved from their conviction that the stock still has much further to fall before it meets reality.\nThe company’s shares soared more than 1,600% in January as retail investors, urged on by popular Reddit forum WallStreetBets, bought the stock as a way to punish hedge funds that had taken an outsized short bet against it.\nWhile few on the forums have posted their breakdown of what they think is the fair value of a share of GameStock, a popular YouTube streamer named Keith Patrick Gill, who posted under the name the Roaring Kitty, suggested in videos prior to the short squeeze that it was worth at least $50 per share.\nThe company’s stock fell 5.9% to $60 in Monday trading.\nAnalysts who cover GameStock see it worth on average $13.44 per share, a 78% drop from its current trading price, highlighting the wide gulf between how Wall Street and amateur investors view a stock that has become a symbol of the growing power of retail investors.\n“I’ve worked on Wall Street for over 20 years and what is happening with GameStop is the most nonsensical, insane thing I’ve ever seen in my entire career,” said Anthony Chukumba, a managing director at Loop Capital who covered the company for more than 10 years but recently dropped his coverage due to a lack of interest by institutional investors.\n“GameStop at most is worth $10 a share,” Chukumba said, given its declining market share. “We’ve seen short squeezes happen all the time but we’ve never seen a stock become so disconnected from the fundamentals.”\nFOCUS TO DIGITAL\nAt heart is whether the company will be able to transition to a focus on digital sales without losing its profitable used games business, which at gross margins of approxamitely 50% is by far its most lucrative business segment.\nGameStop did not respond to a request for comment.\nIn an unlikely “bright blue sky” scenario, GameStop shares would be worth $125 each, assuming a 20 times multiple of earnings per share of $6.29 in 2024, said Colin Sebastian, an analyst at Robert W. Baird & Co. That would only be possible if GameStop boosts margins by saving $500 million annually by closing its 2,500 physical locations while retaining its market share against competitors such as Best Buy Co Inc and Target Corp, he said.\nThat scenario has at most a 5% probability of happening, Sebastian noted. Far more likely is that GameStop will benefit from faster e-commerce growth while closing stores at a delayed pace with a slower rollout of new services, leaving its shares worth $13 each, he said.\nA “storm cloud” scenario, meanwhile, in which customers abandon the store and push the company’s share price to zero, is three times more likely to happen than a successful transition to a digital marketplace, Sebastian said.\nThe company's current average target price among analysts is nearly double that of November, shortly before Ryan Cohen, one of the company's largest shareholders, urged it in a Nov. 16 letterhereto focus on digital sales.\nMichael Pachter, an analyst at Wedbush Securities, currently has a $16 per share price target for the company but said that “you could convince me that it’s worth $24” per share depending on its ability to transition to a digital-first business.\nYet the stock’s price has become disconnected from its intrinsic value, leaving it inevitable that it will collapse, he said.\n“They are a real company with real profits and the management team is good,” Pachter said. “I was telling the shorts when it was at $8 that it’s not going to zero.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}