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06-06

$EHang Holdings Ltd(EH)$ Another trash stock, just close and run

06-06

Already run fast fast .... sold everything at $11 and look at the price now .

Nio Stock Dropped 7% as First-Quarter Loss Widened on Lower EV Sales

01-09

Nio is a disaster - stay away as much as possible

Nio Stock Was A Laggard In 2023. Will 2024 Be Better?

01-04

Don't even think of buying nio ... crazy useless

Is Nio a Top EV Stock for 2024?

2023-12-20

Share your opinion about this news…

Singapore Raises Rental Occupancy Cap to Meet High Demand

2023-12-13

Zero chance happening

Broadcom: A 20:1 Stock Split Is Quite Likely

2023-09-27

Already run

NIO: Take The Money And Run

2023-08-11

Share your opinion about this news…

Stock Split Watch: Is Broadcom Next?

2023-07-17

$Tesla Motors(TSLA)$

2023-06-21

Bravo

Cisco launches new AI networking chips to compete with Broadcom, Marvell

2023-03-02

Don't pick Any now not the time to buy banks

Singapore Banks Have Reported Record Earnings: Which One Should You Pick?

2023-01-15

Time to buy when articles says don't buy

Sorry, the original content has been removed

2022-09-28

Why ?

Hot Chinese ADRs Slid in Premarket Trading, With Xpeng Dropping over 5%

2022-07-03

Yes such a Low price Now

Broadcom: Acquisition Of VMware Provides 32% Revenue Boost

2022-05-12

$Senseonics(SENS)$Trash

2022-03-11

No way back

@SnowKry:$DiDi Global Inc.(DIDI)$[Cry]

2022-03-06

Best

7 Earnings Reports to Watch the Week of March 7

2022-02-17

Good

Tesla Stock Can Survive and Thrive Even Without Cheap Cars

2022-02-16

$Broadcom(AVGO)$Another break out earnings report coming !!! Keep flying

2022-02-13

$Senseonics(SENS)$Total let down ... wat agg stock

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href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a> Another trash stock, just close and run&nbsp;","listText":"<a href=\"https://ttm.financial/S/EH\">$EHang Holdings Ltd(EH)$</a> Another trash stock, just close and run&nbsp;","text":"$EHang Holdings Ltd(EH)$ Another trash stock, just close and run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314004143071480","isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":314003873128704,"gmtCreate":1717681436149,"gmtModify":1717681440821,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Already run fast fast .... sold everything at $11 and look at the price now .","listText":"Already run fast fast .... sold everything at $11 and look at the price now .","text":"Already run fast fast .... sold everything at $11 and look at the price now .","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/314003873128704","repostId":"1173716244","repostType":2,"repost":{"id":"1173716244","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1717669116,"share":"https://ttm.financial/m/news/1173716244?lang=&edition=fundamental","pubTime":"2024-06-06 18:18","market":"us","language":"en","title":"Nio Stock Dropped 7% as First-Quarter Loss Widened on Lower EV Sales","url":"https://stock-news.laohu8.com/highlight/detail?id=1173716244","media":"Tiger Newspress","summary":"China's Nio releases financial results on Thursday. Nio U.S.-listed shares of the company fell 4% in premarket trade.","content":"<html><head></head><body><p>China&#39;s Nio releases financial results on Thursday. Nio U.S.-listed shares of the company fell 7% in premarket trade.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6c845321987877be1577cf43ce15bda\" tg-width=\"472\" tg-height=\"396\"/></p><p>NIO’s net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.</p><p style=\"text-align: start;\">The Chinese EV maker on Thursday posted a net loss of 5.26 billion yuan ($725.7 million), compared with a CNY4.80 billion loss a year earlier.</p><p>Quarterly revenue fell 7.2% to CNY9.91 billion, missing an estimate of CNY10.44 billion in a FactSet poll of analysts. The company attributed lower vehicle sales to weaker average selling prices and seasonal effects.</p><p>NIO delivered 30,053 vehicles in the first quarter, down 3.2% from a year earlier, meeting its reduced guidance of about 30,000 units.</p><p>The Shanghai-based company forecast second-quarter deliveries to more than double to 54,000 to 56,000 units and revenue between CNY16.59 billion and CNY17.14 billion, nearly doubling from a year earlier.</p><p>The EV maker reported sharply higher sales in April and May after it launched new models and lowered battery costs for consumers. It sold a record 20,544 units last month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nio Stock Dropped 7% as First-Quarter Loss Widened on Lower EV Sales</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\">\nNio Stock Dropped 7% as First-Quarter Loss Widened on Lower EV Sales\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-06-06 18:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>China&#39;s Nio releases financial results on Thursday. Nio U.S.-listed shares of the company fell 7% in premarket trade.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/f6c845321987877be1577cf43ce15bda\" tg-width=\"472\" tg-height=\"396\"/></p><p>NIO’s net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.</p><p style=\"text-align: start;\">The Chinese EV maker on Thursday posted a net loss of 5.26 billion yuan ($725.7 million), compared with a CNY4.80 billion loss a year earlier.</p><p>Quarterly revenue fell 7.2% to CNY9.91 billion, missing an estimate of CNY10.44 billion in a FactSet poll of analysts. The company attributed lower vehicle sales to weaker average selling prices and seasonal effects.</p><p>NIO delivered 30,053 vehicles in the first quarter, down 3.2% from a year earlier, meeting its reduced guidance of about 30,000 units.</p><p>The Shanghai-based company forecast second-quarter deliveries to more than double to 54,000 to 56,000 units and revenue between CNY16.59 billion and CNY17.14 billion, nearly doubling from a year earlier.</p><p>The EV maker reported sharply higher sales in April and May after it launched new models and lowered battery costs for consumers. It sold a record 20,544 units last month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1173716244","content_text":"China's Nio releases financial results on Thursday. Nio U.S.-listed shares of the company fell 7% in premarket trade.NIO’s net loss widened in the first quarter, with electric-vehicle sales off to a seasonally slow start.The Chinese EV maker on Thursday posted a net loss of 5.26 billion yuan ($725.7 million), compared with a CNY4.80 billion loss a year earlier.Quarterly revenue fell 7.2% to CNY9.91 billion, missing an estimate of CNY10.44 billion in a FactSet poll of analysts. The company attributed lower vehicle sales to weaker average selling prices and seasonal effects.NIO delivered 30,053 vehicles in the first quarter, down 3.2% from a year earlier, meeting its reduced guidance of about 30,000 units.The Shanghai-based company forecast second-quarter deliveries to more than double to 54,000 to 56,000 units and revenue between CNY16.59 billion and CNY17.14 billion, nearly doubling from a year earlier.The EV maker reported sharply higher sales in April and May after it launched new models and lowered battery costs for consumers. It sold a record 20,544 units last month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":261204692287664,"gmtCreate":1704781037835,"gmtModify":1704781041993,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Nio is a disaster - stay away as much as possible&nbsp;","listText":"Nio is a disaster - stay away as much as possible&nbsp;","text":"Nio is a disaster - stay away as much as possible","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/261204692287664","repostId":"1178418186","repostType":4,"repost":{"id":"1178418186","kind":"news","pubTimestamp":1704780826,"share":"https://ttm.financial/m/news/1178418186?lang=&edition=fundamental","pubTime":"2024-01-09 14:13","market":"sg","language":"en","title":"Nio Stock Was A Laggard In 2023. Will 2024 Be Better?","url":"https://stock-news.laohu8.com/highlight/detail?id=1178418186","media":"Forbes","summary":"There are concerns about global EV demand, with most mainstream automakers, including Volkswagen, Mercedes, Ford, and GM indicating a softer-than-expected uptake. However, demand doesn’t appear to be an issue at the moment in China. Total sales of electric vehicles in China totaled 1.026 million units in November. Over the January to November period, total EV sales rose by 36.7% year-over-year to 8.3 million units. However, competition is mounting and this has resulted in considerable price wars","content":"<html><head></head><body><p>Chinese luxury electric vehicle maker Nio stock delivered 18,012 vehicles for December, marking a 13.9% increase versus last year and a growth of 12.9% versus November. Nio likely benefited from higher sales of the updated ES6 SUV, which launched earlier in 2023, as well as a year-end sales promotion that included free battery swaps, accessories, and a subscription to its autonomous driving software. Overall Nio delivered 160,038 vehicles in 2023, marking an increase of 31% compared to the previous year. That said, the year-end figure was well below the company’s target of doubling 2023 sales year-over-year to about 245,000 cars. Nio’s growth rates also continue to fall behind rivals who posted even stronger monthly deliveries. For example, Li Auto delivered a record 50,353 units for the month, up almost 2.4x compared to last year. Xpeng delivered 20,115 vehicles for the month, marking an increase of 78% compared to the year-ago period.</p><p style=\"text-align: start;\">NIO stock has suffered a sharp decline of 85% from levels of $50 in early January 2021 to around $8 now, vs. an increase of about 25% for the S&amp;P 500 over this roughly 3-year period. Notably, NIO stock has underperformed the broader market in each of the last three years. Returns for the stock were -35% in 2021, -69% in 2022, -7% in 2023, and -12% in 2024. In comparison, returns for the S&amp;P 500 have been 27% in 2021, -19% in 2022, 24% in 2023, and -0.1% in 2024 - indicating that <strong>NIO underperformed the S&amp;P</strong> in 2021, 2022, 2023 and 2024. In fact, <strong>consistently beating the S&amp;P 500</strong> - in good times and bad - has been difficult over recent years for individual stocks.</p><p style=\"text-align: start;\">In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has <strong>outperformed the S&amp;P 500 each year</strong> over the same period. <strong>Why is that?</strong> As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.</p><p>Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could NIO face a similar situation as it did in 2021, 2022, 2023 and 2024 and <strong>underperform the S&amp;P</strong> over the next 12 months - or will it see a recovery?</p><p style=\"text-align: start;\">There are concerns about global EV demand, with most mainstream automakers, including Volkswagen, Mercedes, Ford, and GM indicating a softer-than-expected uptake. However, demand doesn’t appear to be an issue at the moment in China. Total sales of electric vehicles in China totaled 1.026 million units in November. Over the January to November period, total EV sales rose by 36.7% year-over-year to 8.3 million units. However, competition is mounting and this has resulted in considerable price wars. Investors have been concerned about Nio’s price cuts, which impacted average selling prices and reduced gross margins in recent quarters. For example, Nio posted a gross margin of 8% in Q3, down from 13.3% in the year-ago period, compared to Li Auto which posted gross margins of 22%, up from 12.7% in Q3 of 2022.</p><p>That being said, there are some positives as well. Nio has successfully tested a new electric vehicle battery that has a range of about 1000 kilometers, with its CEO taking the vehicle on a 14-hour road trip on a Nio ET7 EV that was live-streamed. The company also recently unveiled the ET9, a flagship vehicle that could cost over $112,000. The stock also presently trades at under 1.3x estimated 2023 revenues, which is well below other EV players such as Tesla and Li Auto.</p></body></html>","source":"fors","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>Nio Stock Was A Laggard In 2023. Will 2024 Be Better?</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\">\nNio Stock Was A Laggard In 2023. Will 2024 Be Better?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-09 14:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.forbes.com/sites/greatspeculations/2024/01/04/nio-stock-was-a-laggard-in-2023-will-2024-be-better/?sh=2967b0fa163e><strong>Forbes</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Chinese luxury electric vehicle maker Nio stock delivered 18,012 vehicles for December, marking a 13.9% increase versus last year and a growth of 12.9% versus November. Nio likely benefited from ...</p>\n\n<a href=\"https://www.forbes.com/sites/greatspeculations/2024/01/04/nio-stock-was-a-laggard-in-2023-will-2024-be-better/?sh=2967b0fa163e\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09866":"蔚来-SW","NIO":"蔚来","NIO.SI":"蔚来"},"source_url":"https://www.forbes.com/sites/greatspeculations/2024/01/04/nio-stock-was-a-laggard-in-2023-will-2024-be-better/?sh=2967b0fa163e","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178418186","content_text":"Chinese luxury electric vehicle maker Nio stock delivered 18,012 vehicles for December, marking a 13.9% increase versus last year and a growth of 12.9% versus November. Nio likely benefited from higher sales of the updated ES6 SUV, which launched earlier in 2023, as well as a year-end sales promotion that included free battery swaps, accessories, and a subscription to its autonomous driving software. Overall Nio delivered 160,038 vehicles in 2023, marking an increase of 31% compared to the previous year. That said, the year-end figure was well below the company’s target of doubling 2023 sales year-over-year to about 245,000 cars. Nio’s growth rates also continue to fall behind rivals who posted even stronger monthly deliveries. For example, Li Auto delivered a record 50,353 units for the month, up almost 2.4x compared to last year. Xpeng delivered 20,115 vehicles for the month, marking an increase of 78% compared to the year-ago period.NIO stock has suffered a sharp decline of 85% from levels of $50 in early January 2021 to around $8 now, vs. an increase of about 25% for the S&P 500 over this roughly 3-year period. Notably, NIO stock has underperformed the broader market in each of the last three years. Returns for the stock were -35% in 2021, -69% in 2022, -7% in 2023, and -12% in 2024. In comparison, returns for the S&P 500 have been 27% in 2021, -19% in 2022, 24% in 2023, and -0.1% in 2024 - indicating that NIO underperformed the S&P in 2021, 2022, 2023 and 2024. In fact, consistently beating the S&P 500 - in good times and bad - has been difficult over recent years for individual stocks.In contrast, the Trefis High Quality Portfolio, with a collection of 30 stocks, has outperformed the S&P 500 each year over the same period. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride as evident in HQ Portfolio performance metrics.Given the current uncertain macroeconomic environment with high oil prices and elevated interest rates, could NIO face a similar situation as it did in 2021, 2022, 2023 and 2024 and underperform the S&P over the next 12 months - or will it see a recovery?There are concerns about global EV demand, with most mainstream automakers, including Volkswagen, Mercedes, Ford, and GM indicating a softer-than-expected uptake. However, demand doesn’t appear to be an issue at the moment in China. Total sales of electric vehicles in China totaled 1.026 million units in November. Over the January to November period, total EV sales rose by 36.7% year-over-year to 8.3 million units. However, competition is mounting and this has resulted in considerable price wars. Investors have been concerned about Nio’s price cuts, which impacted average selling prices and reduced gross margins in recent quarters. For example, Nio posted a gross margin of 8% in Q3, down from 13.3% in the year-ago period, compared to Li Auto which posted gross margins of 22%, up from 12.7% in Q3 of 2022.That being said, there are some positives as well. Nio has successfully tested a new electric vehicle battery that has a range of about 1000 kilometers, with its CEO taking the vehicle on a 14-hour road trip on a Nio ET7 EV that was live-streamed. The company also recently unveiled the ET9, a flagship vehicle that could cost over $112,000. The stock also presently trades at under 1.3x estimated 2023 revenues, which is well below other EV players such as Tesla and Li Auto.","news_type":1},"isVote":1,"tweetType":1,"viewCount":261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259488101761080,"gmtCreate":1704361933806,"gmtModify":1704361938859,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Don't even think of buying nio ... crazy useless&nbsp;","listText":"Don't even think of buying nio ... crazy useless&nbsp;","text":"Don't even think of buying nio ... crazy useless","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/259488101761080","repostId":"2400820650","repostType":4,"repost":{"id":"2400820650","kind":"highlight","pubTimestamp":1704355200,"share":"https://ttm.financial/m/news/2400820650?lang=&edition=fundamental","pubTime":"2024-01-04 16:00","market":"us","language":"en","title":"Is Nio a Top EV Stock for 2024?","url":"https://stock-news.laohu8.com/highlight/detail?id=2400820650","media":"Motley Fool","summary":"Nio may be a trendy investment, but there are better EV stock picks available.","content":"<html><head></head><body><ul style=\"\"><li><p>Nio is much smaller than other EV giants in China.</p></li><li><p>The company isn&#39;t profitable and is running out of cash.</p></li></ul><p>While some trends from 2023 may disappear, one that likely won&#39;t is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales in September 2023.</p><p>This makes China a critical EV market for investors, and <strong>Nio</strong> is a company that often comes up when researching Chinese EV companies. With EVs slated to capture even more market share in 2024, is Nio a good buy right now?</p><h2 id=\"id_452861976\">Nio is not China&#39;s largest EV producer</h2><p>Although Nio is a popular Chinese EV investment for U.S. investors, it&#39;s far from China&#39;s biggest EV maker. That title belongs to <strong>BYD </strong>(BYDDY). In December, Nio delivered over 18,000 vehicles, up 14% year over year. For 2023, it delivered over 160,000 vehicles, up 31%.</p><p>In comparison, BYD produced over 3 million cars in 2023 and nearly 309,000 in December alone. So size-wise, Nio isn&#39;t even close to BYD.</p><p>But the two are serving different markets. Nio is focused on the luxury segment, while BYD offers more affordable EVs. As a result, Nio will likely never reach the same scale as BYD, but that doesn&#39;t disqualify Nio as a potential investment.</p><p>However, it should be noted that China&#39;s economy isn&#39;t doing particularly well. This could spell trouble for Nio if drivers look to cheaper options instead of more premium ones. While it remains to be seen if this will have an effect in 2024, it&#39;s something to consider before taking a position in Nio.</p><p>Another consideration is its financials.</p><h2 id=\"id_1867433808\">Nio is unprofitable and burning cash quickly</h2><p>Nio is a rapidly growing company. In the third quarter, its sales rose 46% year over year to RMB17.4 billion. However, it isn&#39;t profitable. Nio lost RMB4.8 billion ($658 million) from operations, which isn&#39;t far from breaking even. With RMB5.3 billion in cash on hand ($726 million), Nio is also in danger of running out of money.</p><p>However, in mid-December 2023, Nio announced a $2.2 billion investment from U.S. investment firm CYVN. This will shore up Nio&#39;s finances momentarily, but the company is in a race with the clock to become profitable.</p><p>The fourth quarter also isn&#39;t looking the greatest. Nio only projected to deliver between 47,000 and 49,000 vehicles, yet exceeded expectations by delivering over 50,000. However, thanks to price cuts, Nio&#39;s revenue was only supposed to grow by about 4% on the high end. While the delivery beat may increase its growth rate, growing revenue in the mid-single digits isn&#39;t a great recipe for a company trying to break even.</p><p>Despite that, Nio trades at a premium to established China EV player BYD.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c11990c61e25e979ab838ec73b9f1ee5\" alt=\"NIO PS Ratio data by YCharts\" title=\"NIO PS Ratio data by YCharts\" tg-width=\"720\" tg-height=\"466\"/><span>NIO PS Ratio data by YCharts</span></p><p>Considering that BYD grew its Q3 revenue at nearly 40%, purchasing Nio instead of BYD doesn&#39;t seem like a smart investment move.</p><p>There&#39;s a reason why smart investment firms like <strong>Berkshire Hathaway </strong>own BYD stock, not Nio (Berkshire owns 8% of BYD). Investing in China is already hard enough; investors don&#39;t need to add more difficulty by investing in upstarts in a highly competitive industry.</p><p>While Nio may have a great product, the stock doesn&#39;t seem worth the risk.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nio a Top EV Stock for 2024?</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 Nio a Top EV Stock for 2024?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-04 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nio is much smaller than other EV giants in China.The company isn't profitable and is running out of cash.While some trends from 2023 may disappear, one that likely won't is the growing percentage of ...</p>\n\n<a href=\"https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4581":"高盛持仓","LU1571399168.USD":"ALLSPRING GLOBAL LONG/SHORT EQUITY \"IP\" (USD) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4176":"多领域控股","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","09866":"蔚来-SW","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","NIO":"蔚来","BK4585":"ETF&股票定投概念","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","BK4534":"瑞士信贷持仓","LU0234572021.USD":"高盛美国核心股票组合Acc","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1363072403.SGD":"Fidelity Global Financial Services A-ACC-SGD","LU0251142724.SGD":"Fidelity America A-SGD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","BK4550":"红杉资本持仓","BK4588":"碎股","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU0971096721.USD":"富达环球金融服务 A","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU0149725797.USD":"汇丰美国股市经济规模基金","NIO.SI":"蔚来"},"source_url":"https://www.fool.com/investing/2024/01/03/is-nio-a-top-ev-stock-for-2024/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2400820650","content_text":"Nio is much smaller than other EV giants in China.The company isn't profitable and is running out of cash.While some trends from 2023 may disappear, one that likely won't is the growing percentage of the global automobile fleet converting to electric vehicles (EVs). In the U.S., less than 10% of total automobile sales are now EVs. In China, that percentage is higher, with battery electric vehicles (BEVs) accounting for 25% of new sales in September 2023.This makes China a critical EV market for investors, and Nio is a company that often comes up when researching Chinese EV companies. With EVs slated to capture even more market share in 2024, is Nio a good buy right now?Nio is not China's largest EV producerAlthough Nio is a popular Chinese EV investment for U.S. investors, it's far from China's biggest EV maker. That title belongs to BYD (BYDDY). In December, Nio delivered over 18,000 vehicles, up 14% year over year. For 2023, it delivered over 160,000 vehicles, up 31%.In comparison, BYD produced over 3 million cars in 2023 and nearly 309,000 in December alone. So size-wise, Nio isn't even close to BYD.But the two are serving different markets. Nio is focused on the luxury segment, while BYD offers more affordable EVs. As a result, Nio will likely never reach the same scale as BYD, but that doesn't disqualify Nio as a potential investment.However, it should be noted that China's economy isn't doing particularly well. This could spell trouble for Nio if drivers look to cheaper options instead of more premium ones. While it remains to be seen if this will have an effect in 2024, it's something to consider before taking a position in Nio.Another consideration is its financials.Nio is unprofitable and burning cash quicklyNio is a rapidly growing company. In the third quarter, its sales rose 46% year over year to RMB17.4 billion. However, it isn't profitable. Nio lost RMB4.8 billion ($658 million) from operations, which isn't far from breaking even. With RMB5.3 billion in cash on hand ($726 million), Nio is also in danger of running out of money.However, in mid-December 2023, Nio announced a $2.2 billion investment from U.S. investment firm CYVN. This will shore up Nio's finances momentarily, but the company is in a race with the clock to become profitable.The fourth quarter also isn't looking the greatest. Nio only projected to deliver between 47,000 and 49,000 vehicles, yet exceeded expectations by delivering over 50,000. However, thanks to price cuts, Nio's revenue was only supposed to grow by about 4% on the high end. While the delivery beat may increase its growth rate, growing revenue in the mid-single digits isn't a great recipe for a company trying to break even.Despite that, Nio trades at a premium to established China EV player BYD.NIO PS Ratio data by YChartsConsidering that BYD grew its Q3 revenue at nearly 40%, purchasing Nio instead of BYD doesn't seem like a smart investment move.There's a reason why smart investment firms like Berkshire Hathaway own BYD stock, not Nio (Berkshire owns 8% of BYD). Investing in China is already hard enough; investors don't need to add more difficulty by investing in upstarts in a highly competitive industry.While Nio may have a great product, the stock doesn't seem worth the risk.","news_type":1},"isVote":1,"tweetType":1,"viewCount":384,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":254014922162216,"gmtCreate":1703051999588,"gmtModify":1703052004298,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/254014922162216","repostId":"1163836111","repostType":4,"repost":{"id":"1163836111","kind":"news","pubTimestamp":1703048542,"share":"https://ttm.financial/m/news/1163836111?lang=&edition=fundamental","pubTime":"2023-12-20 13:02","market":"sg","language":"en","title":"Singapore Raises Rental Occupancy Cap to Meet High Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=1163836111","media":"Bloomberg","summary":"Singapore will allow more tenants to occupy a single property under a temporary two-year measure to meet higher rental demand in the financial hub.Starting next year, larger public and private residential properties will be allowed to house up to eight unrelated persons from the current cap of six, Minister for National Development Desmond Lee said in a Facebook post on Wednesday.Rents in the city-state have surged since the pandemic, largely due to strong demand amid Covid-19 construction delay","content":"<html><head></head><body><p>Singapore will allow more tenants to occupy a single property under a temporary two-year measure to meet higher rental demand in the financial hub.</p><p style=\"text-align: start;\">Starting next year, larger public and private residential properties will be allowed to house up to eight unrelated persons from the current cap of six, Minister for National Development Desmond Lee said in a Facebook post on Wednesday.</p><p style=\"text-align: start;\">Rents in the city-state have surged since the pandemic, largely due to strong demand amid Covid-19 construction delays, Lee said. The government has committed to ramp up housing supply, with close to 100,000 homes expected to be completed by 2025.</p><p>The momentum in rental price rises has moderated and demand is expected to be restrained by high interest rates and moderation in wage growth, the country’s central bank said last month.</p><p style=\"text-align: start;\">Still, Lee anticipates the need to maintain a healthy rental supply for buyers waiting to move into their new homes and foreigners who work and study in the city-state.</p><p style=\"text-align: start;\">The new measures will only apply to four-bedroom apartments or larger, Lee said. Singapore will review the need to extend the temporary rules in end-2026.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Raises Rental Occupancy Cap to Meet High Demand</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\">\nSingapore Raises Rental Occupancy Cap to Meet High Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-20 13:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-12-20/singapore-eases-rental-occupancy-rules-to-meet-high-demand?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Singapore will allow more tenants to occupy a single property under a temporary two-year measure to meet higher rental demand in the financial hub.Starting next year, larger public and private ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-12-20/singapore-eases-rental-occupancy-rules-to-meet-high-demand?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.bloomberg.com/news/articles/2023-12-20/singapore-eases-rental-occupancy-rules-to-meet-high-demand?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163836111","content_text":"Singapore will allow more tenants to occupy a single property under a temporary two-year measure to meet higher rental demand in the financial hub.Starting next year, larger public and private residential properties will be allowed to house up to eight unrelated persons from the current cap of six, Minister for National Development Desmond Lee said in a Facebook post on Wednesday.Rents in the city-state have surged since the pandemic, largely due to strong demand amid Covid-19 construction delays, Lee said. The government has committed to ramp up housing supply, with close to 100,000 homes expected to be completed by 2025.The momentum in rental price rises has moderated and demand is expected to be restrained by high interest rates and moderation in wage growth, the country’s central bank said last month.Still, Lee anticipates the need to maintain a healthy rental supply for buyers waiting to move into their new homes and foreigners who work and study in the city-state.The new measures will only apply to four-bedroom apartments or larger, Lee said. Singapore will review the need to extend the temporary rules in end-2026.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":251504268255408,"gmtCreate":1702439804941,"gmtModify":1702439808933,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Zero chance happening&nbsp;","listText":"Zero chance happening&nbsp;","text":"Zero chance happening","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/251504268255408","repostId":"2391849655","repostType":2,"repost":{"id":"2391849655","kind":"highlight","pubTimestamp":1702466343,"share":"https://ttm.financial/m/news/2391849655?lang=&edition=fundamental","pubTime":"2023-12-13 19:19","market":"us","language":"en","title":"Broadcom: A 20:1 Stock Split Is Quite Likely","url":"https://stock-news.laohu8.com/highlight/detail?id=2391849655","media":"seekingalpha","summary":"Broadcom's high stock price (currently $1060.24/share) has surged 90%+ this year. As a result, a 20:1 stock-split is quite likely in the near future.Stock splits in-and-of themselves are no panacea. A","content":"<html><head></head><body><ul style=\"\"><li><p>Broadcom&#39;s high stock price (currently $1060.24/share) has surged 90%+ this year. As a result, a 20:1 stock-split is quite likely in the near future.</p></li><li><p>Stock splits in-and-of themselves are no panacea. After all, if I give you a $5 bill and you hand me five $1&#39;s back, I am no better off.</p></li><li><p>However, stock splits do have emotional value and also enable small investors to more easily scale-into full positions.</p></li><li><p>In my opinion, Broadcom&#39;s strong Q4 earnings report, its excellent free-cash-flow profile, and the VMware acquisition make a stock split even more likely.</p></li><li><p>Meantime, Broadcom continues to be one of the best dividend growth stocks in the entire S&amp;P500 with a 14% increase in the quarterly dividend to $5.25/share, or $21 on an annual basis.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c189c95261e8ba294aa2116e66e37b4f\" tg-width=\"750\" tg-height=\"500\"/></p><p>Broadcom (NASDAQ:AVGO), long one of my favorite technology stocks, has been on a tremendous bull-run this year: +91.6% YTD. The company recently completed its long-awaited takeover of VMware and also released a very solid Q4 earnings report. At pixel-time the stock was trading at $1060.24 a share, making it increasingly hard for many smaller ordinary investors to scale-into a full position in the stock by making occasional share purchases. As a result, it is quite likely that Broadcom will - in the near future - split the shares. My guess is that the company will declare a 20:1 split.</p><h2 id=\"id_4060706663\">Investment Thesis</h2><p>All things being equal (while acknowledging they seldom are ...), a stock-split in and of itself does not create shareholder value. After all, if I hand you a $5 bill and you give me five $1&#39;s back, I am none the richer. That said, one could argue that a stock-split does give an emotional and psychological lift to the shares. However, two relatively recent examples of 20:1 stock-splits in the technology sector show they are certainly no panacea:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/833043cadee2a5ca4d11f75552f59e1f\" tg-width=\"640\" tg-height=\"377\"/></p><p>Google 20:1 Stock Split (Yahoo Finance)</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/64b5a9f257871e5bac395896dfbdf6e4\" tg-width=\"640\" tg-height=\"379\"/></p><p>Amazon 20:1 Stock Split (Yahoo Finance)</p><p></p><p>As can be seen in the charts above (by the square &#34;S&#34; in the graphics near the volume bars on the bottom), both Google (GOOG) and Amazon (AMZN) split their stocks 20:1 in 2022. Note I predicted the AMZN split in this Seeking Alpha article, although I suggested a 10:1 split was more likely. That was based on the thesis that AMZN wanted to become a more attractive candidate to join the DJIA Index. That still has not happened, but it seems to be a given that some day it will. Amazon is another favorite tech holding of mine, and one could argue that its current valuation is based solely on its AWS cloud segment, which is - in my opinion - ignoring the immense potential of advertising in its retail operations. But that is a subject for another article down the road.</p><p>Meantime, note that both GOOG and AMZN stocks got a short-term boost after the splits before drastically selling-off in the 2022 tech-sector bear market as rapidly increasing interest rates and a strong dollar took a toll on the tech sector. However, today both stocks are significantly higher than they were at the time of the splits (in the end, fundamentals drive long-term stock value).</p><p>The old Broadcom split its stock three times between 1999 and 2006. However, since Avago bought Broadcom and adopted its name in 2015, the stock has not split even once. Propelled by a series of acquisitions that were excellently managed and integrated by CEO Hock Tan to unleash strong shareholder value, the stock has appreciated 300%+ over the last 5-years alone.</p><p>It&#39;s time for a split.</p><h3 id=\"id_584021930\">Impact of A Potential 20:1 Split</h3><p>According to its recent Q4 EPS report, Broadcom ended FY2024 with an average of 427 million fully diluted shares. Despite Broadcom&#39;s strong share buyback plan, that was actually <em>up</em> 4 million shares on a yoy basis, primarily because Broadcom was prevented from executing its full share buyback plan while the VMware deal was in-flux. However, from the Q4 conference call we learned:</p><blockquote><p>For fiscal 2023, we spent $15.3 billion, consisting of $7.6 billion in the form of cash dividends and $7.7 billion in share repurchases and eliminations. We ended the year with $7.2 billion of authorized share repurchase programs remaining. <em>With the VMware deal closed, we have resumed repurchasing shares under our existing program.</em></p></blockquote><p>The resumption of share repurchases may be one reason for the strong stock-price action since the close of the VMware deal on November 22:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eca7023c53adae530428b424feffe794\" tg-width=\"635\" tg-height=\"435\"/></p><p>Data by YCharts</p><p></p><p>The other reasons, of course, was the excellent Q4 earnings report combined with the FY2024 guidance - both of which I will get to in a minute. Meantime, a 20:1 stock split would equate to:</p><ul style=\"\"><li><p>An estimated 8.54 billion outstanding share count.</p></li><li><p>A stock price of $53.01.</p></li><li><p>An annual dividend of $1.05/share.</p></li><li><p>The yield, of course, would stay the same (2.00%).</p></li></ul><h3 id=\"id_1014079449\">Earnings</h3><p>Broadcom&#39;s Q4 revenue of $9.295 billion was only up 4% yoy and many investors and analysts appeared to be unimpressed. What they are missing is that Broadcom typically grows earnings and free-cash-flow faster than revenue, and this was once again the case in Q4:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2ca836e96af2a5a1affae133e44c03a9\" tg-width=\"640\" tg-height=\"355\"/></p><p>Broadcom</p><p></p><p>As can be seen in the graphic, Q4 earnings of $8.25/share were up 5.4% yoy. More importantly to me<em>, Q4 free-cash-flow was $4.723 billion, which was up $262 million yoy, grew 5.9% yoy and was a whopping 50.8% of total revenue.</em></p><p>The result of such terrific operational and financial performance was another very generous boost in Broadcom&#39;s quarterly dividend: a 14% increase to $5.25/share ($21/share on an annual basis).</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/21448652990c38d146c63c7afcbe968f\" tg-width=\"640\" tg-height=\"312\"/></p><p>Broadcom</p><p></p><p>As you can see from the graphic above (taken from the December presentation, which I strongly encourage investors to review), Broadcom&#39;s ability to grow both organically and through M&amp;A, and to deliver strong margins throughout the cycles, has enabled it to become one of the best dividend growth stocks in the entire S&amp;P500 (if not <em>the</em> best).</p><h3 id=\"id_3106066254\">Going Forward</h3><p>Due to the sizeable impact of the VMware acquisition, Broadcom did not give its typically quarterly guidance, but issued full-year FY2024 guidance instead:</p><ul style=\"\"><li><p>Consolidated revenue is expected to be $50 billion (+40% yoy).</p></li><li><p>In total, the Infrastructure Software segment is expected to generate revenue of $20 billion (40% of total), with $12 billion coming from VMware That estimate is based on only 11 months of contribution from VMware and does not include ~$2 billion of revenue from VMware&#39;s EUC and <a href=\"https://laohu8.com/S/CBLK\">Carbon Black</a> units, which Broadcom plans to divest.</p></li><li><p>Silicon revenue is expected to grow from mid-to-high single digits, driven primarily by generative AI.</p></li></ul><p>Broadcom also plans to convert &#34;an installed base of licenses that is over 60% perpetual today to one that will be mostly subscription by the end of fiscal 2024.&#34; While the conversion may well lead to short-term decline in what the software segment&#39;s revenue would otherwise be, it is expected that this strategy will actually accelerate VMware&#39;s revenue growth over the next three years.</p><p>Broadcom also expects to spend ~$1 billion to digest VMware during FY24. The company expects VMware&#39;s spending run-rate will exit FY24 at ~$1.4 billion per quarter. That would be down 40% yoy and is yet another example of how CEO Hock Tan has consistently figured out how to ring-out higher margins from his acquisitions.</p><p>I hope investors listened to the previously referenced Q4 conference call (CEO Hock Tan typically gives some of the most valuable commentary &amp; analysis on the entire technology sector ...) and caught this gem, which is likely one of the primary rationalizations for the VMware acquisition:</p><blockquote><p>Well, as you may be aware, in the last VM Explore in Las Vegas, <em>VMware came out and announced in partnership with NVIDIA, the VMware Private AI Cloud Foundation.</em> Another way of describing it is, the VMware Cloud Foundation Software Stack, the whole VCF stack runs NVIDIA coder, runs the NVIDIA GPU. That is the partnership. So, if you’re an enterprise, it’s a very easy step to get into gen AI analytics because the data center that you as an enterprise own on-prem that runs VCF will by default run the NVIDIA GPU software stack as well.</p><p>Another way to put it, it virtualizes the NVIDIA GPU. That’s the VMware software stack as well. So it’s a very strong attraction in our -- from our perspective to, in fact, accelerate thinking of a lot of enterprise to adopting the whole VCF site. It’s simply because <em>not only does it virtualize the data centers and make your data on-prem data center much more resilient, easier to manage, lower cost to manage, it has the added benefit, a big attraction this is of being able to right away start running AI workloads.</em></p></blockquote><p>Sorry for the length of that quote, but it is important for investors to understand what is going on here. As I have been pointing out on Seeking Alpha for quite some time now, Nvidia&#39;s (NVDA) massive success in AI is not due solely to its GPUs designs (i.e. hardware), it&#39;s because Nvidia is also a leader in AI-related software as well. That being the case, VMware is going to make Nvidia&#39;s software even more valuable to its customers (and to Broadcom investors ...).</p><h2 id=\"id_3320893568\">Summary &amp; Conclusion</h2><p>Broadcom&#39;s very high stock price rationalizes a 20:1 stock split. As pointed out in this article, stock splits in-and-of themselves do not create value. However, there are two benefits in my opinion: psychologically, investors like stock splits; a lower stock price would likely encourage many small investors to begin to accumulate shares.</p><p>Regardless, the big picture investment thesis in Broadcom remains terrific. While the term &#34;rock star&#34; is used way too often in the corporate world, Broadcom CEO Hock Tan&#39;s performance track record puts him at the top of the tech sector&#39;s list (just view the chart below). Going forward, I see no indication, whatsoever, that any change is imminent: Broadcom will continue to grow its revenue, earnings, and free-cash-flow at a strong clip, maintain and grow its already strong margins, and rewards shareholders with arguably the best dividend growth in the business along with significant shareholder buybacks. A stock-split would be totally consistent with management&#39;s shareholder friendly policies.</p><p>I&#39;ll end with a 10-year total returns comparison of Broadcom versus the three broad market indexes as represented by the (VOO), (QQQ), and (DIA) ETFs:</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62412d7aba7c5ef1e14c2b8f3688f7b4\" tg-width=\"635\" tg-height=\"484\"/></p><p>Data by YCharts</p><p></p><p>As you can see, it&#39;s not even close: Broadcom has returned nearly 7x the total returns of the Nasdaq-100. Hats-off to Mr. Hock Tan and his team of Broadcom employees.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Broadcom: A 20:1 Stock Split Is Quite Likely</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\">\nBroadcom: A 20:1 Stock Split Is Quite Likely\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-13 19:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4657569-broadcom-a-201-stock-split-is-quite-likely><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Broadcom's high stock price (currently $1060.24/share) has surged 90%+ this year. As a result, a 20:1 stock-split is quite likely in the near future.Stock splits in-and-of themselves are no panacea. ...</p>\n\n<a href=\"https://seekingalpha.com/article/4657569-broadcom-a-201-stock-split-is-quite-likely\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","BK4507":"流媒体概念","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0061474705.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN \"AU\" (USD) ACC","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0444971666.USD":"天利全球科技基金","LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1548497426.USD":"安联环球人工智能AT Acc","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4503":"景林资产持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","BK4141":"半导体产品","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","AVGO":"博通","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0109391861.USD":"富兰克林美国机遇基金A Acc","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU0456855351.SGD":"JPMorgan Funds - Global Equity A (acc) SGD","IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4657569-broadcom-a-201-stock-split-is-quite-likely","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2391849655","content_text":"Broadcom's high stock price (currently $1060.24/share) has surged 90%+ this year. As a result, a 20:1 stock-split is quite likely in the near future.Stock splits in-and-of themselves are no panacea. After all, if I give you a $5 bill and you hand me five $1's back, I am no better off.However, stock splits do have emotional value and also enable small investors to more easily scale-into full positions.In my opinion, Broadcom's strong Q4 earnings report, its excellent free-cash-flow profile, and the VMware acquisition make a stock split even more likely.Meantime, Broadcom continues to be one of the best dividend growth stocks in the entire S&P500 with a 14% increase in the quarterly dividend to $5.25/share, or $21 on an annual basis.Broadcom (NASDAQ:AVGO), long one of my favorite technology stocks, has been on a tremendous bull-run this year: +91.6% YTD. The company recently completed its long-awaited takeover of VMware and also released a very solid Q4 earnings report. At pixel-time the stock was trading at $1060.24 a share, making it increasingly hard for many smaller ordinary investors to scale-into a full position in the stock by making occasional share purchases. As a result, it is quite likely that Broadcom will - in the near future - split the shares. My guess is that the company will declare a 20:1 split.Investment ThesisAll things being equal (while acknowledging they seldom are ...), a stock-split in and of itself does not create shareholder value. After all, if I hand you a $5 bill and you give me five $1's back, I am none the richer. That said, one could argue that a stock-split does give an emotional and psychological lift to the shares. However, two relatively recent examples of 20:1 stock-splits in the technology sector show they are certainly no panacea:Google 20:1 Stock Split (Yahoo Finance)Amazon 20:1 Stock Split (Yahoo Finance)As can be seen in the charts above (by the square \"S\" in the graphics near the volume bars on the bottom), both Google (GOOG) and Amazon (AMZN) split their stocks 20:1 in 2022. Note I predicted the AMZN split in this Seeking Alpha article, although I suggested a 10:1 split was more likely. That was based on the thesis that AMZN wanted to become a more attractive candidate to join the DJIA Index. That still has not happened, but it seems to be a given that some day it will. Amazon is another favorite tech holding of mine, and one could argue that its current valuation is based solely on its AWS cloud segment, which is - in my opinion - ignoring the immense potential of advertising in its retail operations. But that is a subject for another article down the road.Meantime, note that both GOOG and AMZN stocks got a short-term boost after the splits before drastically selling-off in the 2022 tech-sector bear market as rapidly increasing interest rates and a strong dollar took a toll on the tech sector. However, today both stocks are significantly higher than they were at the time of the splits (in the end, fundamentals drive long-term stock value).The old Broadcom split its stock three times between 1999 and 2006. However, since Avago bought Broadcom and adopted its name in 2015, the stock has not split even once. Propelled by a series of acquisitions that were excellently managed and integrated by CEO Hock Tan to unleash strong shareholder value, the stock has appreciated 300%+ over the last 5-years alone.It's time for a split.Impact of A Potential 20:1 SplitAccording to its recent Q4 EPS report, Broadcom ended FY2024 with an average of 427 million fully diluted shares. Despite Broadcom's strong share buyback plan, that was actually up 4 million shares on a yoy basis, primarily because Broadcom was prevented from executing its full share buyback plan while the VMware deal was in-flux. However, from the Q4 conference call we learned:For fiscal 2023, we spent $15.3 billion, consisting of $7.6 billion in the form of cash dividends and $7.7 billion in share repurchases and eliminations. We ended the year with $7.2 billion of authorized share repurchase programs remaining. With the VMware deal closed, we have resumed repurchasing shares under our existing program.The resumption of share repurchases may be one reason for the strong stock-price action since the close of the VMware deal on November 22:Data by YChartsThe other reasons, of course, was the excellent Q4 earnings report combined with the FY2024 guidance - both of which I will get to in a minute. Meantime, a 20:1 stock split would equate to:An estimated 8.54 billion outstanding share count.A stock price of $53.01.An annual dividend of $1.05/share.The yield, of course, would stay the same (2.00%).EarningsBroadcom's Q4 revenue of $9.295 billion was only up 4% yoy and many investors and analysts appeared to be unimpressed. What they are missing is that Broadcom typically grows earnings and free-cash-flow faster than revenue, and this was once again the case in Q4:BroadcomAs can be seen in the graphic, Q4 earnings of $8.25/share were up 5.4% yoy. More importantly to me, Q4 free-cash-flow was $4.723 billion, which was up $262 million yoy, grew 5.9% yoy and was a whopping 50.8% of total revenue.The result of such terrific operational and financial performance was another very generous boost in Broadcom's quarterly dividend: a 14% increase to $5.25/share ($21/share on an annual basis).BroadcomAs you can see from the graphic above (taken from the December presentation, which I strongly encourage investors to review), Broadcom's ability to grow both organically and through M&A, and to deliver strong margins throughout the cycles, has enabled it to become one of the best dividend growth stocks in the entire S&P500 (if not the best).Going ForwardDue to the sizeable impact of the VMware acquisition, Broadcom did not give its typically quarterly guidance, but issued full-year FY2024 guidance instead:Consolidated revenue is expected to be $50 billion (+40% yoy).In total, the Infrastructure Software segment is expected to generate revenue of $20 billion (40% of total), with $12 billion coming from VMware That estimate is based on only 11 months of contribution from VMware and does not include ~$2 billion of revenue from VMware's EUC and Carbon Black units, which Broadcom plans to divest.Silicon revenue is expected to grow from mid-to-high single digits, driven primarily by generative AI.Broadcom also plans to convert \"an installed base of licenses that is over 60% perpetual today to one that will be mostly subscription by the end of fiscal 2024.\" While the conversion may well lead to short-term decline in what the software segment's revenue would otherwise be, it is expected that this strategy will actually accelerate VMware's revenue growth over the next three years.Broadcom also expects to spend ~$1 billion to digest VMware during FY24. The company expects VMware's spending run-rate will exit FY24 at ~$1.4 billion per quarter. That would be down 40% yoy and is yet another example of how CEO Hock Tan has consistently figured out how to ring-out higher margins from his acquisitions.I hope investors listened to the previously referenced Q4 conference call (CEO Hock Tan typically gives some of the most valuable commentary & analysis on the entire technology sector ...) and caught this gem, which is likely one of the primary rationalizations for the VMware acquisition:Well, as you may be aware, in the last VM Explore in Las Vegas, VMware came out and announced in partnership with NVIDIA, the VMware Private AI Cloud Foundation. Another way of describing it is, the VMware Cloud Foundation Software Stack, the whole VCF stack runs NVIDIA coder, runs the NVIDIA GPU. That is the partnership. So, if you’re an enterprise, it’s a very easy step to get into gen AI analytics because the data center that you as an enterprise own on-prem that runs VCF will by default run the NVIDIA GPU software stack as well.Another way to put it, it virtualizes the NVIDIA GPU. That’s the VMware software stack as well. So it’s a very strong attraction in our -- from our perspective to, in fact, accelerate thinking of a lot of enterprise to adopting the whole VCF site. It’s simply because not only does it virtualize the data centers and make your data on-prem data center much more resilient, easier to manage, lower cost to manage, it has the added benefit, a big attraction this is of being able to right away start running AI workloads.Sorry for the length of that quote, but it is important for investors to understand what is going on here. As I have been pointing out on Seeking Alpha for quite some time now, Nvidia's (NVDA) massive success in AI is not due solely to its GPUs designs (i.e. hardware), it's because Nvidia is also a leader in AI-related software as well. That being the case, VMware is going to make Nvidia's software even more valuable to its customers (and to Broadcom investors ...).Summary & ConclusionBroadcom's very high stock price rationalizes a 20:1 stock split. As pointed out in this article, stock splits in-and-of themselves do not create value. However, there are two benefits in my opinion: psychologically, investors like stock splits; a lower stock price would likely encourage many small investors to begin to accumulate shares.Regardless, the big picture investment thesis in Broadcom remains terrific. While the term \"rock star\" is used way too often in the corporate world, Broadcom CEO Hock Tan's performance track record puts him at the top of the tech sector's list (just view the chart below). Going forward, I see no indication, whatsoever, that any change is imminent: Broadcom will continue to grow its revenue, earnings, and free-cash-flow at a strong clip, maintain and grow its already strong margins, and rewards shareholders with arguably the best dividend growth in the business along with significant shareholder buybacks. A stock-split would be totally consistent with management's shareholder friendly policies.I'll end with a 10-year total returns comparison of Broadcom versus the three broad market indexes as represented by the (VOO), (QQQ), and (DIA) ETFs:Data by YChartsAs you can see, it's not even close: Broadcom has returned nearly 7x the total returns of the Nasdaq-100. Hats-off to Mr. Hock Tan and his team of Broadcom employees.","news_type":1},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":224444244963416,"gmtCreate":1695804886027,"gmtModify":1695804890098,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Already run&nbsp;","listText":"Already run&nbsp;","text":"Already run","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/224444244963416","repostId":"2370206858","repostType":4,"repost":{"id":"2370206858","kind":"highlight","pubTimestamp":1695802422,"share":"https://ttm.financial/m/news/2370206858?lang=&edition=fundamental","pubTime":"2023-09-27 16:13","market":"us","language":"en","title":"NIO: Take The Money And Run","url":"https://stock-news.laohu8.com/highlight/detail?id=2370206858","media":"seekingalpha","summary":"NIO's financial performance continues to deteriorate as margins decline and cash burn remains high.The ongoing price war in the EV industry and China's economic slowdown are unlikely to help NIO impro","content":"<html><head></head><body><ul style=\"\"><li><p>NIO&#39;s financial performance continues to deteriorate as margins decline and cash burn remains high.</p></li><li><p>The ongoing price war in the EV industry and China&#39;s economic slowdown are unlikely to help NIO improve its business.</p></li><li><p>Geopolitical risks, such as China&#39;s tightening grip on the private sector and potential trade wars, further hinder NIO&#39;s prospects.</p></li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17c161dde7ed77ecdefcfa31255d0858\" title=\"\" tg-width=\"750\" tg-height=\"500\"/></p><p>The current price war within the EV industry is making it hard to justify opening a long position in NIO (NYSE:NIO) even at the current price. While the company managed to finally improve its rate of deliveries in August, its margins continue to deteriorate while its cash burn rate remains at unsustainable levels. As such, NIO would likely be prompted to increase additional liquidity that would dilute its shareholders, as the slowdown of China along with tough competition in Europe are unlikely to help the company&#39;s business to improve its financial performance anytime soon.</p><h2 id=\"id_1951163960\">The Worst Is Likely Not Over Yet</h2><p>Back in July, I warned that NIO is likely to disappoint investors as the company&#39;s deliveries in recent months were weak while its margins have been deteriorating for quite some time. That&#39;s exactly what has happened as the Q2 earnings results that were released in the last week of August showed that NIO&#39;s revenues during the three months were down 14.8% Y/Y to $1.21 billion and below the expectations by $60 million, while its non-GAAP EPADs was -$0.45, also below the expectations by $0.04. In addition to that, the deliveries in Q2 decreased by 6.1% Y/Y to 23,520 vehicles, while the vehicle margin was 6.2% against 16.7% a year ago.</p><p>While the company managed to improve its deliveries in August, which increased by 81% Y/Y to 19,329 vehicles, there are still plenty of reasons to believe that it won&#39;t help the company improve its margins or the bottom-line performance anytime soon. This is mostly due to the fact that the EV industry is currently in the middle of a price war that affects each car manufacturer across the globe. Even Tesla&#39;s (TSLA) margins have been contracting in recent quarters and are unlikely to improve anytime soon due to the fierce competition in a saturated market. What&#39;s more, is that the systemic issues that China currently faces could also have a negative effect on the whole industry in the foreseeable future.</p><p>In addition to all of that, NIO has also been constantly underperforming and disappointing its investors by missing expectations in recent quarters. This has resulted in a major depreciation of its shares in the last year alone, and besides the short-lived rebound in late July, its stock is stuck in limbo without any major growth catalysts that could&#39;ve helped the business improve the situation.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2519d8c380ce1392d924f0cc3620dc35\" title=\"\" tg-width=\"640\" tg-height=\"232\"/></p><p>NIO&#39;s Stock Performance (Seeking Alpha)</p><p></p><p>Even if the company ramps up its deliveries in the following months, its bottom-line would continue to suffer as the ongoing price war would prevent the company from significantly improving its margins in the foreseeable future. Despite the growth of deliveries in August, the street estimates that NIO&#39;s EPS in Q3 would stand at -$0.40 per share, down 12.26% Y/Y. At the same time, if we take a closer look at NIO&#39;s income statement, we&#39;ll see that its margins have been steadily declining in recent quarters and its gross margin in Q2 was only ~1%, down from ~13% a year ago.</p><p>What&#39;s more is that if we look at NIO&#39;s balance sheet, we&#39;ll see that the company&#39;s cash burn stands at around $1 billion per quarter and at the end of Q2 the business had only $3.8 billion in cash reserves. While the company managed to receive additional funding in late June from one of UAE&#39;s investment funds, the proceeds from the deal are likely to disappear within one quarter given the business&#39;s aggressive cash burn rate. In addition to that, NIO also proposed the offering of $1 billion convertible notes last week which shows that liquidity is slowly becoming an issue in this new environment. The cash from the offering is likely to be gone in another quarter as well if the company continues to burn resources at the current rate.</p><p>As such, the company would likely continue to look for more funding which would result in additional dilution of its existing shareholders, especially since the ongoing price war is likely going to result in a further contraction of margins even if the deliveries increase.</p><p>That&#39;s one of the main reasons why NIO has been receiving dozens of downward EPS revisions in recent months, as there are no major growth catalysts that could improve the company&#39;s financial state of affairs at this stage. That&#39;s also why I think that it&#39;s unlikely that we&#39;ll see a major rally anytime soon as the worst is likely not over yet for NIO.</p><h2 id=\"id_3106033409\">Emerging Risks On The Horizon</h2><p>In addition to financial issues, there are also geopolitical risks that make investing in NIO questionable at best. Almost a year ago I stated that China is uninvestable, as the Chinese government is likely to strengthen its grip over the private sector, which could diminish the potential returns for investors due to the implementation of programs such as the <em>Common Prosperity</em> that aims to redistribute wealth across the Chinese society. Since that time, NIO&#39;s stock has greatly underperformed the S&amp;P 500 Index and there are more than enough reasons to believe that it will be the case in the foreseeable future due to the rise of additional geopolitical risks that could accelerate capital outflow from China.</p><p>On top of all of this, it&#39;s also hard to see how NIO could scale its sales in Europe to mitigate China-related risks. The company started to sell its vehicles in European markets in recent quarters, but the results have been subpar at best. In Q2, NIO sold only 504 vehicles in Europe, while in Q3 so far it sold only 681 of its EVs.</p><p>What&#39;s more, is that there are reasons to believe that it will become much harder for NIO and its Chinese peers to scale their sales in the region in the following quarters. On September 11 it was reported that France is pressuring the European Commission into opening an anti-dumping investigation against Chinese EV manufacturers. On September 13, it was announced that the European Commission has officially opened a probe against the Chinese manufacturers in order to stop the flood of EV imports into the bloc as it hurts the local producers. Such a move could result in a trade war with China that could make it nearly impossible for NIO and its peers to compete with legacy European automakers, especially in new tariffs are going to be announced. While companies like Tesla would be able to mitigate the trade war risks thanks to having their own production in the EU, firms like NIO that produce their vehicles solely on Chinese soil and ship them to other countries could lose access to one of the biggest EV markets in the world.</p><h2 id=\"id_830065143\">The Bottom Line</h2><p>It&#39;s safe to say that the current price war within the EV industry amid the slowdown of China would make it significantly harder for NIO to improve its financial performance as there&#39;s nothing that could stop the contraction of its margins at this stage. Add to all of this the potential headwinds that the company is likely to face in Europe and it becomes even harder to justify opening a long position in NIO even at the current market price.</p><p>Editor&#39;s Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NIO: Take The Money And Run</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\">\nNIO: Take The Money And Run\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-09-27 16:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4637091-nio-take-the-money-and-run><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NIO's financial performance continues to deteriorate as margins decline and cash burn remains high.The ongoing price war in the EV industry and China's economic slowdown are unlikely to help NIO ...</p>\n\n<a href=\"https://seekingalpha.com/article/4637091-nio-take-the-money-and-run\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4555":"新能源车","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","TSLA":"特斯拉","LU2063271972.USD":"富兰克林创新领域基金","BK4099":"汽车制造商","NIO":"蔚来","BK4592":"伊斯兰概念","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","BK4509":"腾讯概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","BK4550":"红杉资本持仓","BK4588":"碎股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU0316494557.USD":"FRANKLIN GLOBAL FUNDAMENTAL STRATEGIES \"A\" ACC","LU1548497426.USD":"安联环球人工智能AT Acc","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4574":"无人驾驶","BK4551":"寇图资本持仓","LU0052750758.USD":"富兰克林中国基金A Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","09866":"蔚来-SW","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","BK4581":"高盛持仓","EVS.SI":"MSCI China Electric Vehicles and Future Mobility ETF-NikkoAM","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","LU0234570918.USD":"高盛全球核心股票组合Acc Close","NIO.SI":"蔚来","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4527":"明星科技股","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","BK4526":"热门中概股","BK4511":"特斯拉概念","BK4505":"高瓴资本持仓","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0719512351.SGD":"JPMorgan Funds - US Technology A (acc) SGD","LU0056508442.USD":"贝莱德世界科技基金A2","BK4504":"桥水持仓","BK4585":"ETF&股票定投概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC"},"source_url":"https://seekingalpha.com/article/4637091-nio-take-the-money-and-run","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2370206858","content_text":"NIO's financial performance continues to deteriorate as margins decline and cash burn remains high.The ongoing price war in the EV industry and China's economic slowdown are unlikely to help NIO improve its business.Geopolitical risks, such as China's tightening grip on the private sector and potential trade wars, further hinder NIO's prospects.The current price war within the EV industry is making it hard to justify opening a long position in NIO (NYSE:NIO) even at the current price. While the company managed to finally improve its rate of deliveries in August, its margins continue to deteriorate while its cash burn rate remains at unsustainable levels. As such, NIO would likely be prompted to increase additional liquidity that would dilute its shareholders, as the slowdown of China along with tough competition in Europe are unlikely to help the company's business to improve its financial performance anytime soon.The Worst Is Likely Not Over YetBack in July, I warned that NIO is likely to disappoint investors as the company's deliveries in recent months were weak while its margins have been deteriorating for quite some time. That's exactly what has happened as the Q2 earnings results that were released in the last week of August showed that NIO's revenues during the three months were down 14.8% Y/Y to $1.21 billion and below the expectations by $60 million, while its non-GAAP EPADs was -$0.45, also below the expectations by $0.04. In addition to that, the deliveries in Q2 decreased by 6.1% Y/Y to 23,520 vehicles, while the vehicle margin was 6.2% against 16.7% a year ago.While the company managed to improve its deliveries in August, which increased by 81% Y/Y to 19,329 vehicles, there are still plenty of reasons to believe that it won't help the company improve its margins or the bottom-line performance anytime soon. This is mostly due to the fact that the EV industry is currently in the middle of a price war that affects each car manufacturer across the globe. Even Tesla's (TSLA) margins have been contracting in recent quarters and are unlikely to improve anytime soon due to the fierce competition in a saturated market. What's more, is that the systemic issues that China currently faces could also have a negative effect on the whole industry in the foreseeable future.In addition to all of that, NIO has also been constantly underperforming and disappointing its investors by missing expectations in recent quarters. This has resulted in a major depreciation of its shares in the last year alone, and besides the short-lived rebound in late July, its stock is stuck in limbo without any major growth catalysts that could've helped the business improve the situation.NIO's Stock Performance (Seeking Alpha)Even if the company ramps up its deliveries in the following months, its bottom-line would continue to suffer as the ongoing price war would prevent the company from significantly improving its margins in the foreseeable future. Despite the growth of deliveries in August, the street estimates that NIO's EPS in Q3 would stand at -$0.40 per share, down 12.26% Y/Y. At the same time, if we take a closer look at NIO's income statement, we'll see that its margins have been steadily declining in recent quarters and its gross margin in Q2 was only ~1%, down from ~13% a year ago.What's more is that if we look at NIO's balance sheet, we'll see that the company's cash burn stands at around $1 billion per quarter and at the end of Q2 the business had only $3.8 billion in cash reserves. While the company managed to receive additional funding in late June from one of UAE's investment funds, the proceeds from the deal are likely to disappear within one quarter given the business's aggressive cash burn rate. In addition to that, NIO also proposed the offering of $1 billion convertible notes last week which shows that liquidity is slowly becoming an issue in this new environment. The cash from the offering is likely to be gone in another quarter as well if the company continues to burn resources at the current rate.As such, the company would likely continue to look for more funding which would result in additional dilution of its existing shareholders, especially since the ongoing price war is likely going to result in a further contraction of margins even if the deliveries increase.That's one of the main reasons why NIO has been receiving dozens of downward EPS revisions in recent months, as there are no major growth catalysts that could improve the company's financial state of affairs at this stage. That's also why I think that it's unlikely that we'll see a major rally anytime soon as the worst is likely not over yet for NIO.Emerging Risks On The HorizonIn addition to financial issues, there are also geopolitical risks that make investing in NIO questionable at best. Almost a year ago I stated that China is uninvestable, as the Chinese government is likely to strengthen its grip over the private sector, which could diminish the potential returns for investors due to the implementation of programs such as the Common Prosperity that aims to redistribute wealth across the Chinese society. Since that time, NIO's stock has greatly underperformed the S&P 500 Index and there are more than enough reasons to believe that it will be the case in the foreseeable future due to the rise of additional geopolitical risks that could accelerate capital outflow from China.On top of all of this, it's also hard to see how NIO could scale its sales in Europe to mitigate China-related risks. The company started to sell its vehicles in European markets in recent quarters, but the results have been subpar at best. In Q2, NIO sold only 504 vehicles in Europe, while in Q3 so far it sold only 681 of its EVs.What's more, is that there are reasons to believe that it will become much harder for NIO and its Chinese peers to scale their sales in the region in the following quarters. On September 11 it was reported that France is pressuring the European Commission into opening an anti-dumping investigation against Chinese EV manufacturers. On September 13, it was announced that the European Commission has officially opened a probe against the Chinese manufacturers in order to stop the flood of EV imports into the bloc as it hurts the local producers. Such a move could result in a trade war with China that could make it nearly impossible for NIO and its peers to compete with legacy European automakers, especially in new tariffs are going to be announced. While companies like Tesla would be able to mitigate the trade war risks thanks to having their own production in the EU, firms like NIO that produce their vehicles solely on Chinese soil and ship them to other countries could lose access to one of the biggest EV markets in the world.The Bottom LineIt's safe to say that the current price war within the EV industry amid the slowdown of China would make it significantly harder for NIO to improve its financial performance as there's nothing that could stop the contraction of its margins at this stage. Add to all of this the potential headwinds that the company is likely to face in Europe and it becomes even harder to justify opening a long position in NIO even at the current market price.Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":292,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207584021299376,"gmtCreate":1691708509023,"gmtModify":1691708514025,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Share your opinion about this news…","listText":"Share your opinion about this news…","text":"Share your opinion about this news…","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207584021299376","repostId":"2358707726","repostType":2,"repost":{"id":"2358707726","kind":"highlight","pubTimestamp":1691628060,"share":"https://ttm.financial/m/news/2358707726?lang=&edition=fundamental","pubTime":"2023-08-10 08:41","market":"us","language":"en","title":"Stock Split Watch: Is Broadcom Next?","url":"https://stock-news.laohu8.com/highlight/detail?id=2358707726","media":"Motley Fool","summary":"Is a Broadcom stock split on the horizon? Discover the reasoning, psychology, and strategies behind this potential market maneuver.","content":"<html><body><div><p>Stock splits can make high-priced shares more accessible to ordinary investors. Accounting experts and textbooks call it a \"neutral event.\" It has no real effect on the stock's total market value or the value of shares in your portfolio.</p><p>Yet there's psychological value in a comfortably priced stock ticker, and auto-trading computer algorithms may execute trades based on specific prices and daily trading volumes.</p><p>So most companies with dramatic stock-price growth tend to perform stock splits from time to time. The exceptions to this rule end up with astronomical share prices over time.</p><p>Take Warren Buffett's <strong>Berkshire Hathaway</strong> <span>(BRK.A<span> -1.41%</span>)</span> <span>(BRK.B<span> -1.57%</span>)</span>, for example. In the most famous example of high-performance stocks without stock splits, the original Class A shares have been beating the market since the mid-1960s without spectacular changes to the share count. Today, the insurance-based conglomerate trades at $547,000 per share.</p><p>That's a bit more than the average consumer-sized wallet can handle. Berkshire issued a Class B stock in 1996, which danced the stock-split polka with a 50-for-1 split in 2010. Those shares can now be had for $358 a share.</p><div><div></div></div><p>Without the fairly recent split, even the low-cost alternative would command a princely sum of $17,900 per share in the summer of 2023. Both stock classes offer nearly identical returns over time.</p><p>So let's take a look at one of the highest-priced stocks in the surging stock market of 2023. Semiconductor giant <strong>Broadcom</strong> <span>(AVGO<span> -3.67%</span>)</span> has seen share prices rise 52% year to date and 161% in three years.</p><p>The old Broadcom stock did split three times between 1999 and 2006. But Avago, which acquired Broadcom and adopted the name in 2015, has never taken the stock-split route. As a result, one Broadcom share costs $850 right now. That's uncomfortably close to $1,000 -- a level few stocks in history ever achieved.</p><p>Should Broadcom issue a stock split in 2023? Here's what I think.</p><div><div></div></div><div><app :collapse_on_load=\"false\" :instrument_id=\"222667\" :show_benchmark_compare=\"true\" amount_change=\"-32.43\" average_volume=\"3,058,120\" company_name=\"Broadcom\" current_price=\"850.73\" daily_high=\"883.53\" daily_low=\"848.72\" default_period=\"FiveYear\" dividend_yield=\"2.08%\" exchange=\"NASDAQ\" fifty_two_week_high=\"923.18\" fifty_two_week_low=\"415.07\" gross_margin=\"63.69\" logo=\"https://g.foolcdn.com/art/companylogos/mark/AVGO.png\" market_cap=\"$351B\" pe_ratio=\"26.89\" percent_change=\"-3.67\" symbol=\"AVGO\" volume=\"3,894\"></app></div><h2>The factors and history behind stock splits</h2><p>There's no magic number that would automatically trigger a stock split for every stock. In recent memory, energy drink brewer <strong>Monster Beverage</strong> issued a 2-for-1 split when the pre-split share price stood just below $100. <strong>Amazon</strong>'s 20-for-1 split last summer, on the other hand, dropped share prices from $2,500 to $125.</p><p>Broadcom never announced a split before. Hence, there's no established history of split-inducing price levels. Furthermore, the topic of stock splits never comes up in Broadcom's earnings calls or investor conferences.</p><p>I checked every transcript I could find from the last three years and Broadcom management's use of the word \"split\" was largely limited to how its revenues are split between different client classes. It never showed up in the context of stock splits.</p><p>This stock could very well reach $1,000 per share and just keep on trucking. There is no rule, regulation, management promise, or tradition forcing the company to make a move.</p><div><div></div></div><p>That said, Broadcom could post a stock split without signaling its intentions beforehand. A 10-for-1 split would drop the share price to less than $100, assuming the stock doesn't go on a wild run before the adjustment takes effect.</p><p>The company would have to run this idea past a shareholder vote first, asking the owners to approve a dramatically larger number of authorized shares. This year's annual shareholder meeting was held in April, so there would have to be a special meeting for the purpose of tallying the vote.</p><p>That's just extra paperwork, though. I see no reason why the stockholder base would reject that proposal.</p><h2>What about Broadcom's shareholder-friendly strategy?</h2><p>Broadcom's board of directors (who would announce and manage the stock-split process) could soon seek a stock split, but there's no overwhelming reason to do so. Ultimately, the decision comes down to whether the company wants to encourage smaller investors to get more engaged with this stock.</p><p>On that note, I'm actually surprised by Broadcom's non-existent stock split history. Shareholder-friendly moves are right up this company's alley.</p><p>Over the last four quarters, Broadcom generated $17.1 billion of free cash flow. From that rich vein of cash profits, the company sent out dividend checks worth $7.4 billion while buying back shares to the tune of $6.9 billion. That's 83% of an impressive cash flow going right back into investors' pockets.</p><p>It doesn't make a big difference whether Broadcom splits its stock or not. The move itself shouldn't move Broadcom's adjusted share price or the total market value in the long run.</p><p>Still, I sort of expect such a shareholder-friendly business to keep the skyrocketing stock affordable to the common stock buyer. So I won't hold my breath waiting, but it's entirely possible that Broadcom could announce the preliminary steps toward a stock split at any moment.</p><div></div></div></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Split Watch: Is Broadcom Next?</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 Split Watch: Is Broadcom Next?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-08-10 08:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/08/10/stock-split-watch-is-broadcom-next/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock splits can make high-priced shares more accessible to ordinary investors. Accounting experts and textbooks call it a \"neutral event.\" It has no real effect on the stock's total market value or ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/08/10/stock-split-watch-is-broadcom-next/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F743583%2Fpie-slice.jpg&op=resize&w=165&h=104","relate_stocks":{"BK4585":"ETF&股票定投概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","BK4566":"资本集团","BK4575":"芯片概念","IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","BK4550":"红杉资本持仓","BK4588":"碎股","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","LU0861579265.USD":"联博低波幅策略股票基金A","BK4141":"半导体产品","LU0965509283.SGD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (SGDHDG) INC","BRK.B":"伯克希尔B","LU0444971666.USD":"天利全球科技基金","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","BRK.A":"伯克希尔","LU1548497426.USD":"安联环球人工智能AT Acc","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","BK4551":"寇图资本持仓","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4581":"高盛持仓","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","LU0234570918.USD":"高盛全球核心股票组合Acc Close","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","LU2360032135.SGD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (SGDHDG) INC","AVGO":"博通","LU0056508442.USD":"贝莱德世界科技基金A2","LU0640476718.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQ \"AU\" (USD) ACC","BK4515":"5G概念","LU2125154778.USD":"ALLSPRING GLOBAL EQUITY ENHANCED INCOME \"A\" (USD) INC","LU1162221912.USD":"FRANKLIN INCOME \"A\" (USD) ACC","LU0251142724.SGD":"Fidelity America A-SGD"},"source_url":"https://www.fool.com/investing/2023/08/10/stock-split-watch-is-broadcom-next/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2358707726","content_text":"Stock splits can make high-priced shares more accessible to ordinary investors. Accounting experts and textbooks call it a \"neutral event.\" It has no real effect on the stock's total market value or the value of shares in your portfolio.Yet there's psychological value in a comfortably priced stock ticker, and auto-trading computer algorithms may execute trades based on specific prices and daily trading volumes.So most companies with dramatic stock-price growth tend to perform stock splits from time to time. The exceptions to this rule end up with astronomical share prices over time.Take Warren Buffett's Berkshire Hathaway (BRK.A -1.41%) (BRK.B -1.57%), for example. In the most famous example of high-performance stocks without stock splits, the original Class A shares have been beating the market since the mid-1960s without spectacular changes to the share count. Today, the insurance-based conglomerate trades at $547,000 per share.That's a bit more than the average consumer-sized wallet can handle. Berkshire issued a Class B stock in 1996, which danced the stock-split polka with a 50-for-1 split in 2010. Those shares can now be had for $358 a share.Without the fairly recent split, even the low-cost alternative would command a princely sum of $17,900 per share in the summer of 2023. Both stock classes offer nearly identical returns over time.So let's take a look at one of the highest-priced stocks in the surging stock market of 2023. Semiconductor giant Broadcom (AVGO -3.67%) has seen share prices rise 52% year to date and 161% in three years.The old Broadcom stock did split three times between 1999 and 2006. But Avago, which acquired Broadcom and adopted the name in 2015, has never taken the stock-split route. As a result, one Broadcom share costs $850 right now. That's uncomfortably close to $1,000 -- a level few stocks in history ever achieved.Should Broadcom issue a stock split in 2023? Here's what I think.The factors and history behind stock splitsThere's no magic number that would automatically trigger a stock split for every stock. In recent memory, energy drink brewer Monster Beverage issued a 2-for-1 split when the pre-split share price stood just below $100. Amazon's 20-for-1 split last summer, on the other hand, dropped share prices from $2,500 to $125.Broadcom never announced a split before. Hence, there's no established history of split-inducing price levels. Furthermore, the topic of stock splits never comes up in Broadcom's earnings calls or investor conferences.I checked every transcript I could find from the last three years and Broadcom management's use of the word \"split\" was largely limited to how its revenues are split between different client classes. It never showed up in the context of stock splits.This stock could very well reach $1,000 per share and just keep on trucking. There is no rule, regulation, management promise, or tradition forcing the company to make a move.That said, Broadcom could post a stock split without signaling its intentions beforehand. A 10-for-1 split would drop the share price to less than $100, assuming the stock doesn't go on a wild run before the adjustment takes effect.The company would have to run this idea past a shareholder vote first, asking the owners to approve a dramatically larger number of authorized shares. This year's annual shareholder meeting was held in April, so there would have to be a special meeting for the purpose of tallying the vote.That's just extra paperwork, though. I see no reason why the stockholder base would reject that proposal.What about Broadcom's shareholder-friendly strategy?Broadcom's board of directors (who would announce and manage the stock-split process) could soon seek a stock split, but there's no overwhelming reason to do so. Ultimately, the decision comes down to whether the company wants to encourage smaller investors to get more engaged with this stock.On that note, I'm actually surprised by Broadcom's non-existent stock split history. Shareholder-friendly moves are right up this company's alley.Over the last four quarters, Broadcom generated $17.1 billion of free cash flow. From that rich vein of cash profits, the company sent out dividend checks worth $7.4 billion while buying back shares to the tune of $6.9 billion. That's 83% of an impressive cash flow going right back into investors' pockets.It doesn't make a big difference whether Broadcom splits its stock or not. The move itself shouldn't move Broadcom's adjusted share price or the total market value in the long run.Still, I sort of expect such a shareholder-friendly business to keep the skyrocketing stock affordable to the common stock buyer. So I won't hold my breath waiting, but it's entirely possible that Broadcom could announce the preliminary steps toward a stock split at any moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":499,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198793079197704,"gmtCreate":1689567641328,"gmtModify":1689567642891,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/TSLA\">$Tesla Motors(TSLA)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Tesla Motors(TSLA)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198793079197704","isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189543334207712,"gmtCreate":1687300899728,"gmtModify":1687300904029,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Bravo","listText":"Bravo","text":"Bravo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189543334207712","repostId":"2344258155","repostType":2,"repost":{"id":"2344258155","kind":"highlight","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":1687274165,"share":"https://ttm.financial/m/news/2344258155?lang=&edition=fundamental","pubTime":"2023-06-20 23:16","market":"us","language":"en","title":"Cisco launches new AI networking chips to compete with Broadcom, Marvell","url":"https://stock-news.laohu8.com/highlight/detail?id=2344258155","media":"Reuters","summary":"June 20 (Reuters) - Cisco Systems    on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom    and Marvell Technology   .   The chips are being test","content":"<html><body><p>June 20 (Reuters) - Cisco Systems    on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom    and Marvell Technology   .</p><p>   The chips are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research.</p><p>   The rising popularity of AI applications such as ChatGPT, which is powered by a network of specialized chips called graphics processing units (GPUs), has made the speed at which these individual chips communicate extremely important.</p><p>   Cisco is a major supplier of networking equipment including ethernet switches, which connect devices such as computers, laptops, routers, servers and printers to a local area network.</p><p>   It said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together. </p><p>   \"G200 &amp; G202 are going to be the most powerful networking chips in the market fueling AI/ML workloads enabling the most power-efficient network,\" Cisco fellow and formerly principal engineer Rakesh Chopra said.</p><p>   Cisco said the chips could help in carrying out AI and machine learning tasks with 40% fewer switches and a lesser lag, while being more power efficient. </p><p>   In April, Broadcom announced the Jericho3-AI chip that can connect up to 32,000 GPU chips together.</p><p> (Reporting by Chavi Mehta in Bengaluru and Stephen Nellis; Editing by Anil D'Silva)</p><p>((Chavi.Mehta@thomsonreuters.com;))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cisco launches new AI networking chips to compete with Broadcom, Marvell</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\">\nCisco launches new AI networking chips to compete with Broadcom, Marvell\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\">2023-06-20 23:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>June 20 (Reuters) - Cisco Systems    on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom    and Marvell Technology   .</p><p>   The chips are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research.</p><p>   The rising popularity of AI applications such as ChatGPT, which is powered by a network of specialized chips called graphics processing units (GPUs), has made the speed at which these individual chips communicate extremely important.</p><p>   Cisco is a major supplier of networking equipment including ethernet switches, which connect devices such as computers, laptops, routers, servers and printers to a local area network.</p><p>   It said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together. </p><p>   \"G200 &amp; G202 are going to be the most powerful networking chips in the market fueling AI/ML workloads enabling the most power-efficient network,\" Cisco fellow and formerly principal engineer Rakesh Chopra said.</p><p>   Cisco said the chips could help in carrying out AI and machine learning tasks with 40% fewer switches and a lesser lag, while being more power efficient. </p><p>   In April, Broadcom announced the Jericho3-AI chip that can connect up to 32,000 GPU chips together.</p><p> (Reporting by Chavi Mehta in Bengaluru and Stephen Nellis; Editing by Anil D'Silva)</p><p>((Chavi.Mehta@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1066053197.SGD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM3\" (SGDHDG) INC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","SG9999001424.SGD":"United E-Commerce Fund SGD","LU0861579265.USD":"联博低波幅策略股票基金A","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","BK4527":"明星科技股","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","LU0444971666.USD":"天利全球科技基金","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","LU0820561818.USD":"安联收益及增长平衡基金Cl AM DIS","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","LU1642822529.SGD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"A\" (SGD) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","BK4581":"高盛持仓","LU0957808578.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"ZU\" (USD) ACC","BK4512":"苹果概念","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","CSCO":"思科","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1551013342.USD":"Allianz Income and Growth Cl AMg2 DIS USD","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU1992135399.USD":"Allianz Global Intelligent Cities AT Acc USD","BK4554":"元宇宙及AR概念","LU2272731782.SGD":"Allianz Global Intelligent Cities AM Dis H2-SGD","LU1989764664.SGD":"CPR Invest - Global Disruptive Opportunities A2 Acc SGD-H","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","LU1914381329.SGD":"Allianz Best Styles Global Equity Cl ET Acc H2-SGD","LU1169590202.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"I\" (USD) ACC","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU1989764748.USD":"东方汇理环球颠覆性机遇A2 Acc","LU1169589451.USD":"ALLSPRING (LUX)  U.S. SELECT EQUITY \"A\" (USD) ACC","LU0320765646.SGD":"FTIF - Franklin Income A MDIS SGD-H1","MRVL":"迈威尔科技","BK4534":"瑞士信贷持仓","AVGO":"博通","BK4533":"AQR资本管理(全球第二大对冲基金)","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC"},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2344258155","content_text":"June 20 (Reuters) - Cisco Systems    on Tuesday launched networking chips for AI supercomputers that would compete with offerings from Broadcom    and Marvell Technology   .   The chips are being tested by five of the six major cloud providers, Cisco said, without naming the firms. Key cloud players include Amazon Web Services, Microsoft Azure and Google Cloud, which together dominate the market for cloud computing, according to Bofa Global Research.   The rising popularity of AI applications such as ChatGPT, which is powered by a network of specialized chips called graphics processing units (GPUs), has made the speed at which these individual chips communicate extremely important.   Cisco is a major supplier of networking equipment including ethernet switches, which connect devices such as computers, laptops, routers, servers and printers to a local area network.   It said the latest generation of its ethernet switches, called G200 and G202, have double the performance, compared with the previous generation, and can connect up to 32,000 GPUs together.    \"G200 & G202 are going to be the most powerful networking chips in the market fueling AI/ML workloads enabling the most power-efficient network,\" Cisco fellow and formerly principal engineer Rakesh Chopra said.   Cisco said the chips could help in carrying out AI and machine learning tasks with 40% fewer switches and a lesser lag, while being more power efficient.    In April, Broadcom announced the Jericho3-AI chip that can connect up to 32,000 GPU chips together. (Reporting by Chavi Mehta in Bengaluru and Stephen Nellis; Editing by Anil D'Silva)((Chavi.Mehta@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":252,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940370273,"gmtCreate":1677723474692,"gmtModify":1677723478691,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Don't pick Any now not the time to buy banks&nbsp;","listText":"Don't pick Any now not the time to buy banks&nbsp;","text":"Don't pick Any now not the time to buy banks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940370273","repostId":"1127895420","repostType":4,"repost":{"id":"1127895420","kind":"news","pubTimestamp":1677721961,"share":"https://ttm.financial/m/news/1127895420?lang=&edition=fundamental","pubTime":"2023-03-02 09:52","market":"sg","language":"en","title":"Singapore Banks Have Reported Record Earnings: Which One Should You Pick?","url":"https://stock-news.laohu8.com/highlight/detail?id=1127895420","media":"The Smart Investor","summary":"The banks have all turned in a solid set of earnings, so which one should you pick for your investme","content":"<html><head></head><body><p>The banks have all turned in a solid set of earnings, so which one should you pick for your investment portfolio?</p><p><img src=\"https://static.tigerbbs.com/b72c2efda165fcd11f9e8b131a63c266\" tg-width=\"800\" tg-height=\"533\" width=\"100%\" height=\"auto\"/></p><p>Investors may feel uncomfortable with the recent surge in interest rates as the US Federal Reserve adjusts its monetary policy to tackle soaring inflation.</p><p>The trio of local banks, however, has benefitted greatly from the central bank’s move.</p><p><b>DBS Group</b> (SGX: D05) led the pack by reporting a record-high net profit of S$8.2 billion along with a special dividend of S$0.50.</p><p><b>United Overseas Bank Ltd</b> (SGX: U11), or UOB, followed suit with its highest-ever net profit of S$4.6 billion, while <b>OCBC Ltd</b> (SGX: O39) hiked its final dividend by 43% year on year as it also turned in a sterling report card.</p><p>With all three banks announcing a surge in net interest income along with record-high profits, it can be tough to decide which to buy.</p><p>We decided to line the trio alongside one another to see which qualifies as the best investment choice.</p><h2>Financials</h2><p><img src=\"https://static.tigerbbs.com/f3ecc4c683905a29f419da7fe850d630\" tg-width=\"897\" tg-height=\"272\" width=\"100%\" height=\"auto\"/></p><p>All three banks saw their net interest income (NII) surge higher in tandem with higher interest rates.</p><p>UOB saw the best uplift in total income with an 18.2% year on year rise.</p><p>DBS, however, chalked up the best rise in profit before allowances and net profit growth among the three banks.</p><p><b>Winner: DBS</b></p><h2>NIMs and loan growth</h2><p><img src=\"https://static.tigerbbs.com/d9112ff57f16bc5cc02fad1141a9e8db\" tg-width=\"895\" tg-height=\"303\" width=\"100%\" height=\"auto\"/></p><p>Next, we look at each lender’s loan growth and the net interest margin (NIM) increase.</p><p>UOB is the clear winner here with a 2.9% year on year increase in customer loans to S$319.7 billion.</p><p>Both DBS and OCBC also reported loan growth but it was much smaller at 1.4% and 1.8% year on year, respectively.</p><p>The NIM increase has been very pronounced for all three banks as all saw a sharp jump in NIM for 2022 compared to a year ago.</p><p>OCBC, however, comes out tops with the highest NIM among the trio at 1.91%.</p><p>OCBC also saw the largest percentage point increase of 0.37 compared to the 0.3 that its peers reported.</p><p>For the second half of 2022 (2H 2022), OCBC also stood high with a NIM of 2.19%, better than the 1.97% reported by DBS and the 2.08% logged by UOB.</p><p><b>Winner: OCBC</b></p><h2>Cost-to-income ratio</h2><p><img src=\"https://static.tigerbbs.com/dc1334d63d3596f75593b3316f9f28c6\" tg-width=\"896\" tg-height=\"215\" width=\"100%\" height=\"auto\"/></p><p>Moving on, we surveyed each bank’s cost-to-income ratio to find out which lender was the most efficient.</p><p>It was a close fight as both DBS and OCBC reported a cost-to-income ratio of 43%, and both banks also had the same cost-to-income ratio of 41.7% for 2H 2022.</p><p>DBS wins this round as it recorded a slightly larger improvement in this ratio from 45.6% in 2022 to 43% in 2021, a fall of 2.6 percentage points.</p><p>In contrast, OCBC’s improved its ratio by just two percentage points from 45% to 43%.</p><p><b>Winner: DBS</b></p><h2>Return on equity (ROE)</h2><p><img src=\"https://static.tigerbbs.com/e2e7c06dc249fe70946f3587afda0174\" tg-width=\"892\" tg-height=\"217\" width=\"100%\" height=\"auto\"/></p><p>The fourth attribute is the return on equity (ROE) for each bank, which measures the profit generated per dollar of income for each lender.</p><p>A higher ROE will signify that the bank could generate more profit for every dollar of income it earned.</p><p>DBS takes the cake here with a 15% ROE for 2022, and its 2H 2022 ROE of 16.8% is also much better than the other two banks’ ROEs.</p><p>What’s more, DBS also chalked up the biggest ROE improvement of 2.5 percentage points as compared to UOB’s 1.7 percentage point increase and OCBC’s 1.5 percentage point improvement.</p><p><b>Winner: DBS</b></p><h2>Valuation</h2><p><img src=\"https://static.tigerbbs.com/89a245d8c8fc08e2c08752996255511c\" tg-width=\"896\" tg-height=\"213\" width=\"100%\" height=\"auto\"/></p><p>An analysis of the banks would not be complete without a quick check on valuation.</p><p>Each bank’s valuation had not changed much since the previous time we compared the trio.</p><p>DBS is still trading at 1.6 times price-to-book (P/B), although this is lower than 1.67 times PB just three months ago.</p><p>OCBC remains the cheapest bank of the three at just 10% above its book value, while UOB’s share price is hovering around 23% above its net asset value.</p><p><b>Winner: OCBC</b></p><h2>Dividend yield</h2><p><img src=\"https://static.tigerbbs.com/e922d7bd9fc921960ef24146478d875b\" tg-width=\"895\" tg-height=\"243\" width=\"100%\" height=\"auto\"/></p><p>Aside from valuation, some investors also rely on dividend yield as an additional data point on whether to buy a stock.</p><p>The good news is that all three banks have raised their dividends in line with their strong results.</p><p>DBS is the champion here with a trailing 12-month (TTM) dividend yield of 5.9%, but investors should note that the lender’s total dividend of S$2 included a S$0.50 special dividend.</p><p>After adjusting for this special dividend, DBS’ dividend yield falls to 4.4%, the lowest among the three.</p><p>OCBC emerged as the winner after the adjustment with a TTM dividend yield of 5.4%.</p><p><b>Winner: OCBC</b></p><h2>Get Smart: Cheap with a high yield</h2><p>After collating the data, it appears OCBC is the winner with the highest TTM dividend yield along with the cheapest valuation.</p><p>However, it will be prudent to monitor each bank to assess the risks that it faces as the possibility of a recession, coupled with high interest rates, may dampen loan growth and result in more bad loans moving forward.</p></body></html>","source":"lsy1602567310727","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>Singapore Banks Have Reported Record Earnings: Which One Should You Pick?</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\">\nSingapore Banks Have Reported Record Earnings: Which One Should You Pick?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 09:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thesmartinvestor.com.sg/singapore-banks-have-reported-record-earnings-which-one-should-you-pick/><strong>The Smart Investor</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The banks have all turned in a solid set of earnings, so which one should you pick for your investment portfolio?Investors may feel uncomfortable with the recent surge in interest rates as the US ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/singapore-banks-have-reported-record-earnings-which-one-should-you-pick/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U11.SI":"大华银行","D05.SI":"星展集团控股","O39.SI":"华侨银行"},"source_url":"https://thesmartinvestor.com.sg/singapore-banks-have-reported-record-earnings-which-one-should-you-pick/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127895420","content_text":"The banks have all turned in a solid set of earnings, so which one should you pick for your investment portfolio?Investors may feel uncomfortable with the recent surge in interest rates as the US Federal Reserve adjusts its monetary policy to tackle soaring inflation.The trio of local banks, however, has benefitted greatly from the central bank’s move.DBS Group (SGX: D05) led the pack by reporting a record-high net profit of S$8.2 billion along with a special dividend of S$0.50.United Overseas Bank Ltd (SGX: U11), or UOB, followed suit with its highest-ever net profit of S$4.6 billion, while OCBC Ltd (SGX: O39) hiked its final dividend by 43% year on year as it also turned in a sterling report card.With all three banks announcing a surge in net interest income along with record-high profits, it can be tough to decide which to buy.We decided to line the trio alongside one another to see which qualifies as the best investment choice.FinancialsAll three banks saw their net interest income (NII) surge higher in tandem with higher interest rates.UOB saw the best uplift in total income with an 18.2% year on year rise.DBS, however, chalked up the best rise in profit before allowances and net profit growth among the three banks.Winner: DBSNIMs and loan growthNext, we look at each lender’s loan growth and the net interest margin (NIM) increase.UOB is the clear winner here with a 2.9% year on year increase in customer loans to S$319.7 billion.Both DBS and OCBC also reported loan growth but it was much smaller at 1.4% and 1.8% year on year, respectively.The NIM increase has been very pronounced for all three banks as all saw a sharp jump in NIM for 2022 compared to a year ago.OCBC, however, comes out tops with the highest NIM among the trio at 1.91%.OCBC also saw the largest percentage point increase of 0.37 compared to the 0.3 that its peers reported.For the second half of 2022 (2H 2022), OCBC also stood high with a NIM of 2.19%, better than the 1.97% reported by DBS and the 2.08% logged by UOB.Winner: OCBCCost-to-income ratioMoving on, we surveyed each bank’s cost-to-income ratio to find out which lender was the most efficient.It was a close fight as both DBS and OCBC reported a cost-to-income ratio of 43%, and both banks also had the same cost-to-income ratio of 41.7% for 2H 2022.DBS wins this round as it recorded a slightly larger improvement in this ratio from 45.6% in 2022 to 43% in 2021, a fall of 2.6 percentage points.In contrast, OCBC’s improved its ratio by just two percentage points from 45% to 43%.Winner: DBSReturn on equity (ROE)The fourth attribute is the return on equity (ROE) for each bank, which measures the profit generated per dollar of income for each lender.A higher ROE will signify that the bank could generate more profit for every dollar of income it earned.DBS takes the cake here with a 15% ROE for 2022, and its 2H 2022 ROE of 16.8% is also much better than the other two banks’ ROEs.What’s more, DBS also chalked up the biggest ROE improvement of 2.5 percentage points as compared to UOB’s 1.7 percentage point increase and OCBC’s 1.5 percentage point improvement.Winner: DBSValuationAn analysis of the banks would not be complete without a quick check on valuation.Each bank’s valuation had not changed much since the previous time we compared the trio.DBS is still trading at 1.6 times price-to-book (P/B), although this is lower than 1.67 times PB just three months ago.OCBC remains the cheapest bank of the three at just 10% above its book value, while UOB’s share price is hovering around 23% above its net asset value.Winner: OCBCDividend yieldAside from valuation, some investors also rely on dividend yield as an additional data point on whether to buy a stock.The good news is that all three banks have raised their dividends in line with their strong results.DBS is the champion here with a trailing 12-month (TTM) dividend yield of 5.9%, but investors should note that the lender’s total dividend of S$2 included a S$0.50 special dividend.After adjusting for this special dividend, DBS’ dividend yield falls to 4.4%, the lowest among the three.OCBC emerged as the winner after the adjustment with a TTM dividend yield of 5.4%.Winner: OCBCGet Smart: Cheap with a high yieldAfter collating the data, it appears OCBC is the winner with the highest TTM dividend yield along with the cheapest valuation.However, it will be prudent to monitor each bank to assess the risks that it faces as the possibility of a recession, coupled with high interest rates, may dampen loan growth and result in more bad loans moving forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":276,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958565231,"gmtCreate":1673779496924,"gmtModify":1676538884560,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Time to buy when articles says don't buy&nbsp;","listText":"Time to buy when articles says don't buy&nbsp;","text":"Time to buy when articles says don't buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9958565231","repostId":"2303331301","repostType":4,"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9918838033,"gmtCreate":1664352440722,"gmtModify":1676537438893,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Why ?","listText":"Why ?","text":"Why ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918838033","repostId":"1171456940","repostType":4,"repost":{"id":"1171456940","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1664352081,"share":"https://ttm.financial/m/news/1171456940?lang=&edition=fundamental","pubTime":"2022-09-28 16:01","market":"us","language":"en","title":"Hot Chinese ADRs Slid in Premarket Trading, With Xpeng Dropping over 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1171456940","media":"Tiger Newspress","summary":"Hot Chinese ADRs Slid in Premarket Trading.Alibaba dropped over 2%; Xpeng, Li Auto fell more than 5%","content":"<html><head></head><body><p>Hot Chinese ADRs Slid in Premarket Trading.</p><p>Alibaba dropped over 2%; Xpeng, Li Auto fell more than 5%.<img src=\"https://static.tigerbbs.com/f5c0f5b349da5437e38e13466bd54d28\" tg-width=\"479\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Slid in Premarket Trading, With Xpeng Dropping over 5%</title>\n<style 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}\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\">\nHot Chinese ADRs Slid in Premarket Trading, With Xpeng Dropping over 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-28 16:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs Slid in Premarket Trading.</p><p>Alibaba dropped over 2%; Xpeng, Li Auto fell more than 5%.<img src=\"https://static.tigerbbs.com/f5c0f5b349da5437e38e13466bd54d28\" tg-width=\"479\" tg-height=\"647\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","BABA":"阿里巴巴"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171456940","content_text":"Hot Chinese ADRs Slid in Premarket Trading.Alibaba dropped over 2%; Xpeng, Li Auto fell more than 5%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047053938,"gmtCreate":1656836426624,"gmtModify":1676535902230,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Yes such a Low price Now&nbsp;","listText":"Yes such a Low price Now&nbsp;","text":"Yes such a Low price Now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047053938","repostId":"2247749063","repostType":2,"repost":{"id":"2247749063","kind":"highlight","pubTimestamp":1656458441,"share":"https://ttm.financial/m/news/2247749063?lang=&edition=fundamental","pubTime":"2022-06-29 07:20","market":"us","language":"en","title":"Broadcom: Acquisition Of VMware Provides 32% Revenue Boost","url":"https://stock-news.laohu8.com/highlight/detail?id=2247749063","media":"seekingalpha","summary":"Justin Sullivan/Getty Images News Broadcom Inc. (NASDAQ:AVGO) is a leading semiconductor company wit","content":"<html><body><p><figure><picture> <img height=\"977px\" sizes=\"(max-width: 768px) calc(100vw - 36px), (max-width: 1024px) calc(100vw - 132px), (max-width: 1200px) calc(66.6vw - 72px), 600px\" src=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w750\" srcset=\"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w1536 1536w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w1280 1280w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w1080 1080w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w750 750w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w640 640w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w480 480w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w320 320w, https://static.seekingalpha.com/cdn/s3/uploads/getty_images/969249126/image_969249126.jpg?io=getty-c-w240 240w\" width=\"1536px\"/> </picture><figcaption> <p>Justin Sullivan/Getty Images News</p></figcaption></figure></p> <p>Broadcom Inc. (<span>NASDAQ:AVGO</span>) is a leading semiconductor company with a broad portfolio of patents (over 23,000) and market leadership in niche products of logic semiconductors such as ethernet switches (76%) and ASICs (35%) and analog semiconductors including fibre channel (75%). Also, we know<span> that Broadcom has had an acquisition strategy based on its past M&amp;A activities since 1960. We determined that its M&amp;A strategy had been beneficial to its revenue growth, with M&amp;A contributing to 54% of total revenue growth in the past 10 years.</span></p> <p>Furthermore, we believed its acquisition of CA Technologies highlights its continued diversification into the software industry and confirmed its expansion with the acquisition of Symantec’s enterprise security business. Moreover, its software expansion is supported by its partnerships with major cloud service provider Google Cloud by migrating its suite of enterprise software to the cloud, improving its scale and deployment efficiencies. Following these acquisitions, we confirmed the integration of its infrastructure software businesses with the launch of integrated products and improved its profitability by leveraging its common customer base to streamline its SG&amp;A activities and increase its focus on R&amp;D.</p> <p>Additionally, we determined that Broadcom has a dividend payment strategy based on cash flows (50%) and we forecasted its dividends per share to grow by 18% on average through 2024 based on expected cash flows. However, we see the company's high and rising debt levels could be a concern for its acquisition strategy.</p> <p>Recently, the company announced its acquisition of VMware (VMW) for a consideration of approximately $61 bln from an even split between cash and stock. This is expected to be completed by FY2023. The announcement of the deal is unsurprising to us, as we understood that the company has an acquisition strategy based on its past M&amp;A activity since 1960. Previously, we already analyzed and expected the company to continue its diversification into the software industry as we saw it more progressively moving into software with 3 acquisitions, starting with Brocade in 2017 and expanding through its acquisitions such as CA Technologies in 2018 and Symantec Enterprise Security in 2019.</p> <p>To determine the impact of the acquisition on the company, we first analyzed VMware’s products and customers. We estimated its potential revenue synergies by determining whether it serves a common customer base with Broadcom which are enterprise customers based on its business relationships with the Fortune 500 firms. Additionally, we then examined whether Broadcom is planning to shift VMware’s license customers to subscriptions and projected its revenue growth and contribution to Broadcom.</p> <p>Moreover, we examined the potential for integration opportunities between Broadcom and VMware by targeting a common customer base on its operating expenses including SG&amp;A and R&amp;D by comparing Broadcom’s software segment margins with its previous acquisitions. We then projected the company’s operating margins through 2026 based on management's targeted EBITDA contribution.</p> <p>Lastly, we analyzed the deal’s acquisition cost with a mix of cash and stock to determine its impact on its cash flows and net debt through 2026. Also, we determined and analyzed its WACC pre-and post-acquisition with the increased debt.</p> <h2><strong>VMware Revenue Opportunity</strong></h2> <p>VMware provides a “core cloud infrastructure that powers modern enterprises.” The company’s product portfolio includes its</p> <blockquote><p>vSphere server virtualization platform, vSAN data storage virtualization solution, vRealize cloud management platform that provides automation, analytics and life cycle management for private cloud workloads and NSX.</p></blockquote> <p>Besides that, VMware's Tanzu platform “provides an end-to-end modern application management platform and end-user and security solutions.” According to Gartner (IT), VMware was the market leader in the global virtualization infrastructure software market in 2021 with a market share of 72%.</p> <p>According to Broadcom, the acquisition supports its software business and position to target the same type of large multinational enterprise customers. The company highlighted that its customers' demands include retaining control over their infrastructure by deploying applications that require software to develop and run the applications.</p> <blockquote><p>By adding VMware, we will bring significant scale to Broadcom's software business and reinforce our position as a premier provider of mission-critical platform solutions to enterprises globally. – Hock Tan, CEO</p></blockquote> <p>Additionally, management also highlighted the deal to target its common customer base. According to VMware, the company already serves 99% of Fortune 500 firms. In comparison, Broadcom’s software presentation highlighted that its software segment serves 80% of Fortune 500 firms. Thus, we believe that the acquisition of VMware could provide Broadcom with opportunities to strengthen its presence among enterprise customers by leveraging VMware’s solid market leadership and presence among the Fortune 500 firms and create revenue synergies for the company through upselling and cross-sell opportunities which are consistent to its overall software expansion strategy. Thus, we estimated its revenue synergies by calculating its software revenue based on its Fortune 500 customer presence pre-acquisition at 80% to 99% post-acquisition.</p> <span><table> <tr> <td><p><strong>Estimated Revenue Synergies ($ mln)</strong></p></td> <td><p><strong>2021 </strong></p></td> </tr> <tr> <td><p>Broadcom Software Revenue ('a')</p></td> <td><p>7,067</p></td> </tr> <tr> <td><p>Enterprise Customer Presence (Pre-acquisition) ('b')</p></td> <td><p>80%</p></td> </tr> <tr> <td><p>Enterprise Customer Presence (Post-acquisition) ('c')</p></td> <td><p>99%</p></td> </tr> <tr> <td><p>Broadcom Estimated Software Revenue (With Increased Customer Presence) ('d')</p></td> <td><p>8,745</p></td> </tr> <tr> <td><p>Revenue Synergies ('e')</p></td> <td><p>1,678</p></td> </tr> <tr> <td><p>Revenue Synergies as % of Software Revenue</p></td> <td><p>24%</p></td> </tr> </table></span> <p><em>*d = a/b x c</em></p> <p><em>e = d – a </em></p> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>Based on the table above of our estimates of its revenue synergies, we expect the acquisition to generate $1,678 mln in revenue synergy opportunities for Broadcom’s software segment which is 24% of its 2021 segment revenue. Furthermore, Gartner highlighted in the quote below the synergies between Broadcom’s mainframe solutions with VMware’s Tanzu platform.</p> <blockquote><p>There are synergies with some of the CA tools for CI/CD and DevOps that could combine well with Tanzu, for those enterprises that are considering what to do with their legacy workloads, – Dennis Smith, Research <a href=\"https://laohu8.com/S/VP..UK\">VP</a> in Gartner’s Infrastructure and Operations division</p></blockquote> <p>Furthermore, in line with its previous acquisitions including CA and Symantec’s enterprise security, the company explained that it is committed to shifting VMware’s perpetual license customers towards a subscription model.</p> <blockquote><p>The other top line is you can see that VMware has a perpetual model a lot in -- a lot of their on-prem licenses, they have a substantial $3 billion perpetual. And we are converting them to over time -- over the next couple of years to subscription. – Hock Tan, CEO</p></blockquote> <span><table> <tr> <td><p><strong>VMware Revenue Projections ($ mln)</strong></p></td> <td><p><strong>2016</strong></p></td> <td><p><strong>2017</strong></p></td> <td><p><strong>2018</strong></p></td> <td><p><strong>2019</strong></p></td> <td><p><strong>2020</strong></p></td> <td><p><strong>2021</strong></p></td> <td><p><strong>2022F</strong></p></td> <td><p><strong>2023F</strong></p></td> <td><p><strong>2024F</strong></p></td> <td><p><strong>2025F</strong></p></td> <td><p><strong>2026F</strong></p></td> </tr> <tr> <td><p>License (switch to a subscription model)</p></td> <td><p>2,350</p></td> <td><p>2,628</p></td> <td><p>3,042</p></td> <td><p>3,181</p></td> <td><p>3,033</p></td> <td><p>3,128</p></td> <td><p>3,320</p></td> <td><p>3,801</p></td> <td><p>4,671</p></td> <td><p>6,130</p></td> <td><p>8,046</p></td> </tr> <tr> <td><p>Growth %</p></td> <td><p>-2.2%</p></td> <td><p>11.8%</p></td> <td><p>15.8%</p></td> <td><p>4.6%</p></td> <td><p>-4.7%</p></td> <td><p>3.1%</p></td> <td><p>6.1%</p></td> <td><p>14.5%</p></td> <td><p>22.9%</p></td> <td><p>31.3%</p></td> <td><p>31.3%</p></td> </tr> <tr> <td><p>Subscription and SaaS</p></td> <td><p>687</p></td> <td><p>927</p></td> <td><p>1,303</p></td> <td><p>1,877</p></td> <td><p>2,587</p></td> <td><p>3,205</p></td> <td><p>3,596</p></td> <td><p>4,720</p></td> <td><p>6,195</p></td> <td><p>8,131</p></td> <td><p>10,672</p></td> </tr> <tr> <td><p>Growth %</p></td> <td><p>36.9%</p></td> <td><p>34.9%</p></td> <td><p>40.6%</p></td> <td><p>44.1%</p></td> <td><p>37.8%</p></td> <td><p>23.9%</p></td> <td><p>31.3%</p></td> <td><p>31.3%</p></td> <td><p>31.3%</p></td> <td><p>31.3%</p></td> <td><p>31.3%</p></td> </tr> <tr> <td><p>Services</p></td> <td><p>4,403</p></td> <td><p>4,781</p></td> <td><p>5,268</p></td> <td><p>5,753</p></td> <td><p>6,147</p></td> <td><p>6,518</p></td> <td><p>7,051</p></td> <td><p>7,627</p></td> <td><p>8,250</p></td> <td><p>8,924</p></td> <td><p>9,654</p></td> </tr> <tr> <td><p>Growth %</p></td> <td><p>9.7%</p></td> <td><p>8.6%</p></td> <td><p>10.2%</p></td> <td><p>9.2%</p></td> <td><p>6.8%</p></td> <td><p>6.0%</p></td> <td><p>8.2%</p></td> <td><p>8.2%</p></td> <td><p>8.2%</p></td> <td><p>8.2%</p></td> <td><p>8.2%</p></td> </tr> <tr> <td><p><strong>Total</strong></p></td> <td><p><strong>7,440</strong></p></td> <td><p><strong>8,336</strong></p></td> <td><p><strong>9,613</strong></p></td> <td><p><strong>10,811</strong></p></td> <td><p><strong>11,767</strong></p></td> <td><p><strong>12,851</strong></p></td> <td><p><strong>13,966</strong></p></td> <td><p><strong>16,148</strong></p></td> <td><p><strong>19,116</strong></p></td> <td><p><strong>23,186</strong></p></td> <td><p><strong>28,372</strong></p></td> </tr> <tr> <td><p><strong>Growth %</strong></p></td> <td><p><strong>7.5%</strong></p></td> <td><p><strong>12.0%</strong></p></td> <td><p><strong>15.3%</strong></p></td> <td><p><strong>12.5%</strong></p></td> <td><p><strong>8.8%</strong></p></td> <td><p><strong>9.2%</strong></p></td> <td><p><strong>8.7%</strong></p></td> <td><p><strong>15.6%</strong></p></td> <td><p><strong>18.4%</strong></p></td> <td><p><strong>21.3%</strong></p></td> <td><p><strong>22.4%</strong></p></td> </tr> </table></span> <p><em>Source: </em><em>VMWare</em><em>, Khaveen Investments </em></p> <p>Based on VMware’s revenue breakdown, its subscription service represented 25% of its total revenues and was its fastest-growing segment with 10-year average revenue growth of 36.4%. On the other hand, its license revenue was 24% of its total revenue with an average growth rate of 4.7%. We forecasted VMware’s revenue based on its license, subscription and segment revenue based on its past 5-year average growth rate. For its subscription segment, we tapered down its average growth by 5% as a conservative estimate. To account for the switch from license revenue to subscriptions, we assumed its revenue growth to accelerate to 31.3% by 2025 based on its average subscription growth rate tapered down by 5% (31.3%).</p> <span><table> <tr> <td><p><strong>Acquisition</strong></p></td> <td><p><strong>Pre-Acquisition (5-year Average Revenue Growth %)</strong></p></td> <td><p><strong>Post-Acquisition (2-year Revenue Growth)</strong></p></td> </tr> <tr> <td><p>CA Technologies</p></td> <td><p>-2.4%</p></td> <td><p>N/A</p></td> </tr> <tr> <td><p>Brocade</p></td> <td><p>1.8%</p></td> <td><p>N/A</p></td> </tr> <tr> <td><p>Symantec Enterprise Security</p></td> <td><p>2.6%</p></td> <td><p>N/A</p></td> </tr> <tr> <td><p><strong>Average</strong></p></td> <td><p><strong>0.04%</strong></p></td> <td><p><strong>17.5%</strong></p></td> </tr> <tr> <td><p>VMware</p></td> <td><p>11.6%</p></td> <td><p>17.0%</p></td> </tr> </table></span> <p><em>Source: CA, Brocade, Symantec, VMware, Khaveen Investments </em></p> <p>For a comparison with its previous acquisitions, VMware had a higher average 5-year revenue growth rate before the acquisition (11.6%) than all 3 of its previous acquisitions which had a weighted average growth of only 0.04%. In comparison, its 2-year average software segment post-acquisition had an average growth rate of 17.5% which we believe highlights its revenue growth acceleration following Broadcom’s shifting its focus on enterprise clients and from a license to a subscription model. Therefore, we expect VMware growth to accelerate following its acquisition as the company shifts towards subscriptions as well and we forecasted its 2-year average growth post-acquisition to increase to 17% from 11.6%.</p> <p>According to Broadcom, the deal is expected to be completed by FY2023 subject to regulatory and shareholder approval. Based on our revenue projections for Broadcom from our previous analysis, we factored in VMware’s revenue contribution in FY2023.</p> <span><table> <tr> <td><p><strong>Broadcom Revenue Projections ($ mln)</strong></p></td> <td><p><strong>2020</strong></p></td> <td><p><strong>2021</strong></p></td> <td><p><strong>2022F</strong></p></td> <td><p><strong>2023F</strong></p></td> <td><p><strong>2024F</strong></p></td> <td><p><strong>2025F</strong></p></td> <td><p><strong>2026F</strong></p></td> </tr> <tr> <td><p>Semiconductor Solutions</p></td> <td><p>17,267</p></td> <td><p>20,383</p></td> <td><p>22,043</p></td> <td><p>23,839</p></td> <td><p>25,780</p></td> <td><p>27,880</p></td> <td><p>30,151</p></td> </tr> <tr> <td><p>Semiconductor Solutions Growth %</p></td> <td> </td> <td><p>18.05%</p></td> <td><p>8.15%</p></td> <td><p>8.15%</p></td> <td><p>8.15%</p></td> <td><p>8.15%</p></td> <td><p>8.15%</p></td> </tr> <tr> <td><p>Infrastructure Software</p></td> <td><p>6,621</p></td> <td><p>7,067</p></td> <td><p>7,622</p></td> <td><p>8,221</p></td> <td><p>8,869</p></td> <td><p>9,570</p></td> <td><p>10,329</p></td> </tr> <tr> <td><p>Infrastructure Software Growth %</p></td> <td><p>28.31%</p></td> <td><p>6.74%</p></td> <td><p>7.85%</p></td> <td><p>7.87%</p></td> <td><p>7.88%</p></td> <td><p>7.90%</p></td> <td><p>7.92%</p></td> </tr> <tr> <td><p>Total Broadcom</p></td> <td><p>23,888</p></td> <td><p>27,450</p></td> <td><p>29,665</p></td> <td><p>32,060</p></td> <td><p>34,650</p></td> <td><p>37,451</p></td> <td><p>40,480</p></td> </tr> <tr> <td><p>Growth %</p></td> <td> </td> <td><p>14.9%</p></td> <td><p>8.1%</p></td> <td><p>8.1%</p></td> <td><p>8.1%</p></td> <td><p>8.1%</p></td> <td><p>8.1%</p></td> </tr> <tr> <td><p>M&amp;A Related Revenue Growth %</p></td> <td> </td> <td> </td> <td><p>1,327</p></td> <td><p>1,327</p></td> <td><p>1,327</p></td> <td><p>1,327</p></td> <td><p>1,327</p></td> </tr> <tr> <td><p>Total Broadcom (With M&amp;A)</p></td> <td><p>23,888</p></td> <td><p>27,450</p></td> <td><p>30,991</p></td> <td><p>33,386</p></td> <td><p>35,976</p></td> <td><p>38,777</p></td> <td><p>41,806</p></td> </tr> <tr> <td><p>Total Growth %</p></td> <td> </td> <td><p>14.9%</p></td> <td><p>12.9%</p></td> <td><p>7.7%</p></td> <td><p>7.8%</p></td> <td><p>7.8%</p></td> <td><p>7.8%</p></td> </tr> <tr> <td><p>VMware Revenue</p></td> <td> </td> <td> </td> <td> </td> <td><p>16,148</p></td> <td><p>19,116</p></td> <td><p>23,186</p></td> <td><p>28,372</p></td> </tr> <tr> <td><p>VMware Revenue Synergies</p></td> <td> </td> <td> </td> <td> </td> <td><p>559</p></td> <td><p>559</p></td> <td><p>559</p></td> <td> </td> </tr> <tr> <td><p><strong>Total Revenue (Post-Acquisition)</strong></p></td> <td><p><strong>23,888</strong></p></td> <td><p><strong>27,450</strong></p></td> <td><p><strong>30,991</strong></p></td> <td><p><strong>50,094</strong></p></td> <td><p><strong>55,651</strong></p></td> <td><p><strong>62,522</strong></p></td> <td><p><strong>70,178</strong></p></td> </tr> <tr> <td><p><strong>Growth %</strong></p></td> <td> </td> <td><p><strong>14.9%</strong></p></td> <td><p><strong>12.9%</strong></p></td> <td><p><strong>61.6%</strong></p></td> <td><p><strong>11.1%</strong></p></td> <td><p><strong>12.3%</strong></p></td> <td><p><strong>12.2%</strong></p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>All in all, we believe the acquisition of VMware as the market leader in virtualization software with a 72% market share in 2021 could provide opportunities for Broadcom to create revenue synergies by leveraging its common target customer base of enterprise customers. Additionally, as VMware’s presence among the Fortune 500 firms is 99% and higher than Broadcom (80%), we believe this could provide revenue synergy creation and forecasted its revenue synergies to be $1.9bln across 3 years. In FY2023, we expect VMware’s revenue to account for 32.2% of its total revenues and represent 85% of its revenue increase for the year. Beyond that, we expect through the shift towards subscriptions, its revenue growth to accelerate at an average growth rate of 17% in 2 years post-acquisition.</p> <h2><strong>Integration with VMware </strong></h2> <p>As highlighted from our previous analysis, we</p> <blockquote><p>believe another key opportunity for Broadcom is to integrate its acquired companies selling &amp; admin operations with its sales force and provide an opportunity to leverage Broadcom’s existing relationships with key enterprise clients.</p></blockquote> <p>This is as its SG&amp;A as a % of revenue declined while its R&amp;D expenses increase as it shifted its focus on R&amp;D. Moreover, we compared Broadcom’s Infrastructure Software segment operating margin in the table below. We adjusted its Infrastructure Software segment margin with its unallocated expenses of $1.9 bln which we prorated based on its segment revenue breakdown.</p> <span><table> <tr> <td><p><strong>Margins</strong></p></td> <td><p><strong>Operating Margins %</strong></p></td> </tr> <tr> <td><p>CA Technologies (pre-acquisition)</p></td> <td><p>28.12%</p></td> </tr> <tr> <td><p>Brocade (pre-acquisition)</p></td> <td><p>13.09%</p></td> </tr> <tr> <td><p>Symantec Enterprise Security (pre-acquisition)</p></td> <td><p>18.52%</p></td> </tr> <tr> <td><p><strong>Broadcom Adjusted Software Segment (current)</strong></p></td> <td><p><strong>42.91%</strong></p></td> </tr> </table></span> <p><em>Source: Broadcom, CA, Brocade, Symantec, Khaveen Investments </em></p> <p>From the table above, Broadcom’s adjusted software margins (42.91%) were higher than CA Technologies (28.12%), Brocade (13.09%) and Symantec’s Enterprise Security (18.52%) margins pre-acquisition. Additionally, in the table below, Broadcom’s adjusted software segment margins had also consistently increased in the past 3 years from 28.2% in 2019 to 42.9% in 2021.</p> <span><table> <tr> <td><p><strong>Broadcom </strong></p></td> <td><p><strong>2019</strong></p></td> <td><p><strong>2020</strong></p></td> <td><p><strong>2021</strong></p></td> </tr> <tr> <td><p>Infrastructure Software Revenue ($ mln)</p></td> <td><p>5,156</p></td> <td><p>6,621</p></td> <td><p>7,067</p></td> </tr> <tr> <td><p>Infrastructure Software Adjusted Margin</p></td> <td><p>28.2%</p></td> <td><p>28.5%</p></td> <td><p>42.9%</p></td> </tr> </table></span> <p><em>Source: </em><em>Broadcom</em><em>, Khaveen Investments </em></p> <p>To compare the margins and expense breakdown between VMware and Broadcom’s software segment, we examined its SG&amp;A and R&amp;D expenses as a % of revenue after adjusting for Broadcom’s unallocated expenses in the table below.</p> <span><table> <tr> <td><p><strong>Expenses </strong></p></td> <td><p><strong>VMware</strong></p></td> <td><p><strong>Broadcom Infrastructure Software </strong></p></td> </tr> <tr> <td><p>SG&amp;A Expenses as % of revenue</p></td> <td><p>39.5%</p></td> <td><p>17.6%</p></td> </tr> <tr> <td><p>R&amp;D Expenses as % of revenue</p></td> <td><p>23.8%</p></td> <td><p>29.0%</p></td> </tr> <tr> <td><p><strong>Operating Margins</strong></p></td> <td><p><strong>19.1%</strong></p></td> <td><p><strong>42.9%</strong></p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>Based on VMware’s operating expense breakdown, its SG&amp;A expenses were the largest expense at 39.5% of revenue followed by R&amp;D at 23.8% of revenue. In contrast, Broadcom has a lower SG&amp;A but higher R&amp;D spending for its software segment and had a higher operating margin of 42.9% compared to VMware at only 19.1%.</p> <p>From its earnings briefing, Broadcom’s management highlighted its opportunity to derive synergies to reduce its SG&amp;A through the integration of its direct sales force with VMware.</p> <blockquote><p>And so we have a direct sales force, and we're going to leverage the fact that we have common coverage in both of those areas and take advantage of getting synergies there. – Tom Krause, CFO</p></blockquote> <p>Additionally, the company also highlighted potential employee layoffs as it mentioned to “eliminate duplicative administrative functions” across “IT, finance, legal, human resources and facilities”.</p> <p>However, a difference in this acquisition compared to its past acquisitions is that the company had also indicated that it intends to retain VMware’s channel distribution model. Based on its annual report, VMware has a channel partner network including system integrators and resellers.</p> <blockquote><p>And we think from learning about how we and Symantec, and frankly some of the revenues that we gave up, we think we can actually go back and reinvest in the channel and continue to drive revenue growth profitably. We don't want to walk away from the channel. We actually want to embrace it, – Tom Krause, CFO</p></blockquote> <p>According to the company, it expects the acquisition to generate $8.5 bln in EBITDA within 3 years following the deal closing. Based on its target, we calculated the expected operating margin in 2025 assuming the deal closes in 2023 and depreciation of $593 mln to derive its EBIT target of $7,907 mln which we estimate to be an operating margin of 33.2% based on our revenue forecast in 2025 from the previous point.</p> <span><table> <tr> <td><p><strong>VMware ($ mln)</strong></p></td> <td><p><strong>2021</strong></p></td> <td><p><strong>2025F</strong></p></td> </tr> <tr> <td><p>Revenue ('a')</p></td> <td><p>12,851</p></td> <td><p>23,186</p></td> </tr> <tr> <td><p>EBIT ('b')</p></td> <td><p>2,451</p></td> <td><p>7,907</p></td> </tr> <tr> <td><p>Operating Margin ('c')</p></td> <td><p>19.1%</p></td> <td><p>34.1%</p></td> </tr> <tr> <td><p>Depreciation ('d')</p></td> <td><p>593</p></td> <td><p>593</p></td> </tr> <tr> <td><p>EBITDA ('e')</p></td> <td><p>3,044</p></td> <td><p>8,500</p></td> </tr> </table></span> <p><em>*b = e – d</em></p> <p><em>c = b/a </em></p> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>Based on the company’s operating margins by segments, we forecasted the total operating margins for Broadcom post-acquisition.</p> <span><table> <tr> <td><p><strong>Broadcom Operating Margin ($ mln)</strong></p></td> <td><p><strong>2019</strong></p></td> <td><p><strong>2020</strong></p></td> <td><p><strong>2021</strong></p></td> <td><p><strong>2022F</strong></p></td> <td><p><strong>2023F</strong></p></td> <td><p><strong>2024F</strong></p></td> <td><p><strong>2025F</strong></p></td> <td><p><strong>2026F</strong></p></td> </tr> <tr> <td><p>Semiconductor Solutions Revenue</p></td> <td><p>17,441</p></td> <td><p>17,267</p></td> <td><p>20,383</p></td> <td><p>22,043</p></td> <td><p>23,839</p></td> <td><p>25,780</p></td> <td><p>27,880</p></td> <td><p>30,151</p></td> </tr> <tr> <td><p>Semiconductor Solutions Operating Margins</p></td> <td><p>11.4%</p></td> <td><p>12.3%</p></td> <td><p>26.9%</p></td> <td><p>26.9%</p></td> <td><p>26.9%</p></td> <td><p>26.9%</p></td> <td><p>26.9%</p></td> <td><p>26.9%</p></td> </tr> <tr> <td><p>Infrastructure Software Revenue</p></td> <td><p>5,156</p></td> <td><p>6,621</p></td> <td><p>7,067</p></td> <td><p>8,948</p></td> <td><p>9,548</p></td> <td><p>10,196</p></td> <td><p>10,897</p></td> <td><p>11,655</p></td> </tr> <tr> <td><p>Infrastructure Software Operating Margins</p></td> <td><p>28.2%</p></td> <td><p>28.5%</p></td> <td><p>42.9%</p></td> <td><p>42.9%</p></td> <td><p>42.9%</p></td> <td><p>42.9%</p></td> <td><p>42.9%</p></td> <td><p>42.9%</p></td> </tr> <tr> <td><p>VMware Revenue</p></td> <td> </td> <td> </td> <td> </td> <td> </td> <td><p>16,148</p></td> <td><p>19,116</p></td> <td><p>23,186</p></td> <td><p>28,372</p></td> </tr> <tr> <td><p>VMware Operating Margins</p></td> <td> </td> <td> </td> <td> </td> <td><p>19.1%</p></td> <td><p>24.1%</p></td> <td><p>29.1%</p></td> <td><p>34.1%</p></td> <td><p>34.1%</p></td> </tr> <tr> <td><p><strong>Total Operating Income</strong></p></td> <td><p><strong>3,444</strong></p></td> <td><p><strong>4,014</strong></p></td> <td><p><strong>8,519</strong></p></td> <td><p><strong>9,773</strong></p></td> <td><p><strong>14,402</strong></p></td> <td><p><strong>16,876</strong></p></td> <td><p><strong>20,087</strong></p></td> <td><p><strong>22,793</strong></p></td> </tr> <tr> <td><p><strong>Total Operating Margins</strong></p></td> <td> </td> <td><p><strong>16.8%</strong></p></td> <td><p><strong>31.0%</strong></p></td> <td><p><strong>31.5%</strong></p></td> <td><p><strong>28.8%</strong></p></td> <td><p><strong>30.3%</strong></p></td> <td><p><strong>32.1%</strong></p></td> <td><p><strong>32.5%</strong></p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>Overall, we expect Broadcom to integrate its direct sales force with VMware and indicated potential layoffs across multiple business functions. However, unlike prior acquisitions, the company indicated its intention to leverage VMware’s channel partner network. Thus, we forecasted VMware’s operating margins to reach 34.1% by 2025 based on its guided EBITDA target of $8.5 bln within 3 years post-acquisition completion. However, its margins are lower in comparison to Broadcom’s adjusted software margins at 42.9% and we expect it to weigh down on its overall operating margins to 28.8% in 2023 but gradually improve with the increase of VMware’s margins. Despite the lower margins, we still expect the company’s total operating income to continue growing driven by the higher revenue growth of VMware.</p> <h2><strong>Financial Impact</strong></h2> <p>Based on the deal, Broadcom will pay VMware shareholders either $142.50 in cash or 0.2520 shares of Broadcom for each VMware share subjected to proration resulting in 50% of VMware shares exchanged for cash and half for Broadcom stock. Based on our calculations, we derived a total consideration of $59bln compared to its approximation of $61 bln from the announcement.</p> <span><table> <tr> <td><p><strong>VMware Deal</strong></p></td> <td><p><strong>Consideration Per Share</strong></p></td> <td><p><strong>Total Consideration ($ mln)</strong></p></td> <td><p><strong>Proration (50%) ($ mln)</strong></p></td> </tr> <tr> <td><p>Cash</p></td> <td><p>142.5</p></td> <td><p>60,056</p></td> <td><p>30,028</p></td> </tr> <tr> <td><p>Broadcom Stock</p></td> <td><p>138.2</p></td> <td><p>58,256</p></td> <td><p>29,128</p></td> </tr> <tr> <td><p><strong>Total Consideration</strong></p></td> <td> </td> <td> </td> <td><p>59,156</p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>After calculating the estimated acquisition cost, we factored this impact into our projection of Broadcom’s cash flows in FY2023. Also, we accounted for the Capex of VMware in our projections based on its 10-year average Capex as a % of revenue (3.7%).</p> <span><table> <tr> <td><p><strong>Capex Projections ($ mln)</strong></p></td> <td><p><strong>2022F</strong></p></td> <td><p><strong>2023F</strong></p></td> <td><p><strong>2024F</strong></p></td> <td><p><strong>2025F</strong></p></td> <td><p><strong>2026F</strong></p></td> </tr> <tr> <td><p>Broadcom Revenue</p></td> <td><p>30,991</p></td> <td><p>33,386</p></td> <td><p>35,976</p></td> <td><p>38,777</p></td> <td><p>41,806</p></td> </tr> <tr> <td><p>Broadcom Capex</p></td> <td><p>4,080</p></td> <td><p>4,149</p></td> <td><p>4,225</p></td> <td><p>4,307</p></td> <td><p>4,395</p></td> </tr> <tr> <td><p>VMware Revenue</p></td> <td> </td> <td><p>16,707</p></td> <td><p>19,675</p></td> <td><p>23,745</p></td> <td><p>28,372</p></td> </tr> <tr> <td><p>VMware Capex</p></td> <td> </td> <td><p>626</p></td> <td><p>737</p></td> <td><p>890</p></td> <td><p>1,063</p></td> </tr> <tr> <td><p>Acquisition Costs</p></td> <td> </td> <td><p>30,028</p></td> <td> </td> <td> </td> <td> </td> </tr> <tr> <td><p>Total Revenue</p></td> <td><p>30,991</p></td> <td><p>50,094</p></td> <td><p>55,651</p></td> <td><p>62,522</p></td> <td><p>70,178</p></td> </tr> <tr> <td><p><strong>Total Capex</strong></p></td> <td><p><strong>4,080</strong></p></td> <td><p><strong>34,804</strong></p></td> <td><p><strong>4,962</strong></p></td> <td><p><strong>5,196</strong></p></td> <td><p><strong>5,458</strong></p></td> </tr> <tr> <td><p><strong>Capex as % of Revenue</strong></p></td> <td><p><strong>13%</strong></p></td> <td><p><strong>69%</strong></p></td> <td><p><strong>9%</strong></p></td> <td><p><strong>8%</strong></p></td> <td><p><strong>8%</strong></p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/6/28/49636850-1656416612626396.jpg\"/></span><figcaption><p><span>Broadcom, VMware, Khaveen Investments</span></p></figcaption></figure></p> <p>Based on our cash flow forecast in the chart above, the acquisition cost is expected to weigh on its FCF margins at -34.7% in 2023. Beyond that, we forecasted its average FCF margin of 29%. Additionally, Broadcom obtained commitments from a consortium of banks for $32 bln in debt financing. Additionally, the company will assume $8 bln of net debt from VMware according to Broadcom.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/6/28/49636850-16564165899291632.jpg\"/></span><figcaption><p><span>Broadcom, VMware, Khaveen Investments</span></p></figcaption></figure></p> <p>Assuming the deal is completed by FY2023 as planned, we forecasted Broadcom’s debt to increase by 64.7% in 2023 and its cash to debt ratio to be impacted from 0.33x in 2022 to 0.24x in 2023. Due to the strong FCF cash generation of Broadcom, our model shows its cash to debt ratio recovering to 0.41x by 2026.</p> <span><table> <tr> <td><p><strong>Credit Analysis</strong></p></td> <td><p><strong>2012</strong></p></td> <td><p><strong>2013</strong></p></td> <td><p><strong>2014</strong></p></td> <td><p><strong>2015</strong></p></td> <td><p><strong>2016</strong></p></td> <td><p><strong>2017</strong></p></td> <td><p><strong>2018</strong></p></td> <td><p><strong>2019</strong></p></td> <td><p><strong>2020</strong></p></td> <td><p><strong>2021</strong></p></td> </tr> <tr> <td><p>EBITDA interest coverage</p></td> <td><p>N/A</p></td> <td><p>N/A</p></td> <td><p>14.5x</p></td> <td><p>15.5x</p></td> <td><p>8.5x</p></td> <td><p>18.1x</p></td> <td><p>18.6x</p></td> <td><p>7.5x</p></td> <td><p>6.5x</p></td> <td><p>7.9x</p></td> </tr> <tr> <td><p>EBITDA/Net Debt</p></td> <td><p>N/A</p></td> <td><p>N/A</p></td> <td><p>0.3x</p></td> <td><p>0.8x</p></td> <td><p>0.2x</p></td> <td><p>0.4x</p></td> <td><p>0.5x</p></td> <td><p>0.3x</p></td> <td><p>0.3x</p></td> <td><p>0.4x</p></td> </tr> </table></span> <p><em>Source: Broadcom, VMware, Khaveen Investments </em></p> <p>Furthermore, in terms of credit ratio analysis, its EBITDA interest coverage had deteriorated in the past 7 years as its interest expense rose but improved in 2021 to 7.9x. Moreover, its EBITDA/Net debt had remained stagnant in the past 10 years to 0.4x in 2021. Overall, we believe this highlights its deteriorating ability to repay its debt obligations with its increased debt.</p> <span><table> <tr> <td><p><strong>Pre-Acquisition</strong></p></td> <td><p><strong>Value ($ mln)</strong></p></td> <td><p><strong>Weight</strong></p></td> <td><p><strong>Cost</strong></p></td> </tr> <tr> <td><p>Equity</p></td> <td><p>204,215</p></td> <td><p>80.6%</p></td> <td><p>9.6%</p></td> </tr> <tr> <td><p>Debt</p></td> <td><p>49,152</p></td> <td><p>19.4%</p></td> <td><p>2.1%</p></td> </tr> <tr> <td><p><strong>WACC</strong></p></td> <td> </td> <td> </td> <td><p>8.1%</p></td> </tr> <tr> <td><p><strong>Post-Acquisition</strong></p></td> <td><p><strong>Value ($ mln)</strong></p></td> <td><p><strong>Weight</strong></p></td> <td><p><strong>Cost</strong></p></td> </tr> <tr> <td><p>Equity</p></td> <td><p>204,215</p></td> <td><p>71.5%</p></td> <td><p>9.6%</p></td> </tr> <tr> <td><p>Debt</p></td> <td><p>81,495</p></td> <td><p>28.5%</p></td> <td><p>2.1%</p></td> </tr> <tr> <td><p><strong>WACC</strong></p></td> <td> </td> <td> </td> <td><p>7.4%</p></td> </tr> </table></span> <p><em>Source: Khaveen Investments </em></p> <p>With the expected increase in its debt, we calculated the company’s WACC pre-and post-acquisition. Based on the table, we expect its debt weight to increase from 19.4% to 28.5%. As its cost of debt (2.1%) is lower than its cost of equity (9.6%), its post-acquisition WACC shows a decline to 7.4% from 8.1%.</p> <p>Overall, while we expect the deal to weigh on Broadcom’s FCF margin in FY2023 at -34.7% with an acquisition cost of $59 bln and increase its debt by 65%, however, we still believe the acquisition could provide a positive contribution to the company’s financials with a better capital structure with a lower WACC from 8.1% to 7.4% due to the increase of its debt weight to 28.5%. Furthermore, we believe that Broadcom’s cash to debt would improve to 0.41x by 2026 from 0.24x in 2023 supported by its strong cash flow generating abilities with a forecasted average FCF margin of 29% beyond 2023. All in all, we believe that the company’s financials should be able to support this acquisition.</p> <h2><strong>Risk: Competitive Threats</strong></h2> <p>According to Forrester Research, it highlighted that the company could be faced with challenges from other competitors such as Nutanix (NTNX), <a href=\"https://laohu8.com/S/IBM\">IBM</a> Red Hat (IBM) and the major public cloud players like AWS (AMZN), Microsoft Azure (MSFT) and Google Cloud (GOOG). While VMware had dominated the virtualization software market, according to VMware’s annual report, the company highlighted that it faces the risk of new applications being developed on public cloud providers which could reduce the demand for its products and services. However, the company had also partnered with cloud providers such as Microsoft which also competes against VMware with its Hyper V software. Additionally, other cloud-based competitors include Oracle (ORCL) VM server and Enterprise Linux with Smart Virtualization by Red Hat.</p> <h2><strong>Valuation</strong></h2> <p>We valued the company with a DCF valuation as we expect the company to continue generating positive free cash flows post-acquisition. We based its terminal value on the chipmaker's average EV/EBITDA of 18.44x.</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/6/28/49636850-16564165631002376.jpg\"/></span><figcaption><p><span>SeekingAlpha, Khaveen Investments</span></p></figcaption></figure></p> <p>Based on a discount rate of 7.4% (company’s WACC post-acquisition) and accounting for its post-acquisition share outstanding of 615 mln, our model shows an upside of 44.5%</p> <p><figure contenteditable=\"false\"><span><img contenteditable=\"true\" loading=\"lazy\" src=\"https://static.seekingalpha.com/uploads/2022/6/28/49636850-16564165403776069.jpg\"/></span><figcaption><p><span>Khaveen Investments</span></p></figcaption></figure></p> <span><table> <tr> <td><p><strong>Equity Value ($mln)</strong></p></td> <td><p><strong>Pre-Acquisition</strong></p></td> <td><p><strong>Post-Acquisition</strong></p></td> </tr> <tr> <td><p>Enterprise Value</p></td> <td><p>488,064</p></td> <td><p>488,064</p></td> </tr> <tr> <td><p>Plus: Cash</p></td> <td><p>10,219</p></td> <td><p>19,719</p></td> </tr> <tr> <td><p>Less: Debt</p></td> <td><p>49,152</p></td> <td><p>81,495</p></td> </tr> <tr> <td><p>Less: Minority Interest</p></td> <td><p>-</p></td> <td><p>-</p></td> </tr> <tr> <td><p>Equity Value</p></td> <td><p>449,131</p></td> <td><p>426,288</p></td> </tr> <tr> <td><p>Average FCF (5-year Forward)</p></td> <td><p>12,948</p></td> <td><p>20,696</p></td> </tr> </table></span> <p><em>Source: Khaveen Investments </em></p> <p>Additionally, following the acquisition, we estimated its equity value to decrease to $426 bln from $449 bln due to the increase of its debt from $49 bln to $81.5 bln despite the increase of its cash from $10 bln to $19.7 bln. Although we expect its equity value to decrease with the acquisition, however, we projected its average FCFs to increase with the acquisition with a difference of $7.7 bln in the 5 years post-acquisition.</p> <h2><strong>Verdict </strong></h2> <p>To conclude, we analyzed the company’s planned acquisition of VMware at a cost of around $59 bln based on a mix of cash and debt expected to be completed in FY2023. Not only is the deal expected to contribute 85% of revenue increase for the company and represent 32% of its total revenue, but we also expect the deal to create revenue synergy opportunities for the company as the market leader in virtualization software and have a common customer base of enterprise customers at an estimate of $1.9 bln. Also, we believe its shift towards a subscription model could support its revenue growth acceleration at an average of 17% from its past 5-year average of 11.6%. Moreover, we believe that through the integration of its sales force and elimination of redundancies, the VMware’s operating margins could increase to 34.1% by 2025 from 19.1%. While this is lower than Broadcom’s margins, we expect its operating income to continue growing due to VMware’s superior revenue growth.</p> <p>While we expect a financial impact on the company post-acquisition with its FCF margins forecasted to decline to -34.7% and its debt to increase by 65%, we believe that the acquisition is still positive as we expect its capital structure to improve with a reduced WACC to 7.4% from 8.1%. Additionally, despite the increase in its debt, its debt weight would increase to only 28.5% from 19.4% previously. Moreover, we forecasted its cash-to-debt ratio to improve to 0.41x by 2026 supported by its strong cash-generating abilities with a forecasted average FCF margin of 29% through 2026.</p> <p>Most importantly, compared to our previous analysis, our forecasted revenue growth accounting for the acquisition has increased to a 5-year forward of 22% compared to 8.8% in our previous analysis. Overall, we rate the company as a <em>Strong Buy </em>with a target price of <em>$730.80.</em></p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Broadcom: Acquisition Of VMware Provides 32% Revenue Boost</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\">\nBroadcom: Acquisition Of VMware Provides 32% Revenue Boost\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 07:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4520836-broadcom-acquisition-of-vmware-provides-32-percent-revenue-boost><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Justin Sullivan/Getty Images News Broadcom Inc. (NASDAQ:AVGO) is a leading semiconductor company with a broad portfolio of patents (over 23,000) and market leadership in niche products of logic ...</p>\n\n<a href=\"https://seekingalpha.com/article/4520836-broadcom-acquisition-of-vmware-provides-32-percent-revenue-boost\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VMW":"威睿","AVGO":"博通"},"source_url":"https://seekingalpha.com/article/4520836-broadcom-acquisition-of-vmware-provides-32-percent-revenue-boost","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2247749063","content_text":"Justin Sullivan/Getty Images News Broadcom Inc. (NASDAQ:AVGO) is a leading semiconductor company with a broad portfolio of patents (over 23,000) and market leadership in niche products of logic semiconductors such as ethernet switches (76%) and ASICs (35%) and analog semiconductors including fibre channel (75%). Also, we know that Broadcom has had an acquisition strategy based on its past M&A activities since 1960. We determined that its M&A strategy had been beneficial to its revenue growth, with M&A contributing to 54% of total revenue growth in the past 10 years. Furthermore, we believed its acquisition of CA Technologies highlights its continued diversification into the software industry and confirmed its expansion with the acquisition of Symantec’s enterprise security business. Moreover, its software expansion is supported by its partnerships with major cloud service provider Google Cloud by migrating its suite of enterprise software to the cloud, improving its scale and deployment efficiencies. Following these acquisitions, we confirmed the integration of its infrastructure software businesses with the launch of integrated products and improved its profitability by leveraging its common customer base to streamline its SG&A activities and increase its focus on R&D. Additionally, we determined that Broadcom has a dividend payment strategy based on cash flows (50%) and we forecasted its dividends per share to grow by 18% on average through 2024 based on expected cash flows. However, we see the company's high and rising debt levels could be a concern for its acquisition strategy. Recently, the company announced its acquisition of VMware (VMW) for a consideration of approximately $61 bln from an even split between cash and stock. This is expected to be completed by FY2023. The announcement of the deal is unsurprising to us, as we understood that the company has an acquisition strategy based on its past M&A activity since 1960. Previously, we already analyzed and expected the company to continue its diversification into the software industry as we saw it more progressively moving into software with 3 acquisitions, starting with Brocade in 2017 and expanding through its acquisitions such as CA Technologies in 2018 and Symantec Enterprise Security in 2019. To determine the impact of the acquisition on the company, we first analyzed VMware’s products and customers. We estimated its potential revenue synergies by determining whether it serves a common customer base with Broadcom which are enterprise customers based on its business relationships with the Fortune 500 firms. Additionally, we then examined whether Broadcom is planning to shift VMware’s license customers to subscriptions and projected its revenue growth and contribution to Broadcom. Moreover, we examined the potential for integration opportunities between Broadcom and VMware by targeting a common customer base on its operating expenses including SG&A and R&D by comparing Broadcom’s software segment margins with its previous acquisitions. We then projected the company’s operating margins through 2026 based on management's targeted EBITDA contribution. Lastly, we analyzed the deal’s acquisition cost with a mix of cash and stock to determine its impact on its cash flows and net debt through 2026. Also, we determined and analyzed its WACC pre-and post-acquisition with the increased debt. VMware Revenue Opportunity VMware provides a “core cloud infrastructure that powers modern enterprises.” The company’s product portfolio includes its vSphere server virtualization platform, vSAN data storage virtualization solution, vRealize cloud management platform that provides automation, analytics and life cycle management for private cloud workloads and NSX. Besides that, VMware's Tanzu platform “provides an end-to-end modern application management platform and end-user and security solutions.” According to Gartner (IT), VMware was the market leader in the global virtualization infrastructure software market in 2021 with a market share of 72%. According to Broadcom, the acquisition supports its software business and position to target the same type of large multinational enterprise customers. The company highlighted that its customers' demands include retaining control over their infrastructure by deploying applications that require software to develop and run the applications. By adding VMware, we will bring significant scale to Broadcom's software business and reinforce our position as a premier provider of mission-critical platform solutions to enterprises globally. – Hock Tan, CEO Additionally, management also highlighted the deal to target its common customer base. According to VMware, the company already serves 99% of Fortune 500 firms. In comparison, Broadcom’s software presentation highlighted that its software segment serves 80% of Fortune 500 firms. Thus, we believe that the acquisition of VMware could provide Broadcom with opportunities to strengthen its presence among enterprise customers by leveraging VMware’s solid market leadership and presence among the Fortune 500 firms and create revenue synergies for the company through upselling and cross-sell opportunities which are consistent to its overall software expansion strategy. Thus, we estimated its revenue synergies by calculating its software revenue based on its Fortune 500 customer presence pre-acquisition at 80% to 99% post-acquisition.   Estimated Revenue Synergies ($ mln) 2021    Broadcom Software Revenue ('a') 7,067   Enterprise Customer Presence (Pre-acquisition) ('b') 80%   Enterprise Customer Presence (Post-acquisition) ('c') 99%   Broadcom Estimated Software Revenue (With Increased Customer Presence) ('d') 8,745   Revenue Synergies ('e') 1,678   Revenue Synergies as % of Software Revenue 24%   *d = a/b x c e = d – a  Source: Broadcom, VMware, Khaveen Investments  Based on the table above of our estimates of its revenue synergies, we expect the acquisition to generate $1,678 mln in revenue synergy opportunities for Broadcom’s software segment which is 24% of its 2021 segment revenue. Furthermore, Gartner highlighted in the quote below the synergies between Broadcom’s mainframe solutions with VMware’s Tanzu platform. There are synergies with some of the CA tools for CI/CD and DevOps that could combine well with Tanzu, for those enterprises that are considering what to do with their legacy workloads, – Dennis Smith, Research VP in Gartner’s Infrastructure and Operations division Furthermore, in line with its previous acquisitions including CA and Symantec’s enterprise security, the company explained that it is committed to shifting VMware’s perpetual license customers towards a subscription model. The other top line is you can see that VMware has a perpetual model a lot in -- a lot of their on-prem licenses, they have a substantial $3 billion perpetual. And we are converting them to over time -- over the next couple of years to subscription. – Hock Tan, CEO   VMware Revenue Projections ($ mln) 2016 2017 2018 2019 2020 2021 2022F 2023F 2024F 2025F 2026F   License (switch to a subscription model) 2,350 2,628 3,042 3,181 3,033 3,128 3,320 3,801 4,671 6,130 8,046   Growth % -2.2% 11.8% 15.8% 4.6% -4.7% 3.1% 6.1% 14.5% 22.9% 31.3% 31.3%   Subscription and SaaS 687 927 1,303 1,877 2,587 3,205 3,596 4,720 6,195 8,131 10,672   Growth % 36.9% 34.9% 40.6% 44.1% 37.8% 23.9% 31.3% 31.3% 31.3% 31.3% 31.3%   Services 4,403 4,781 5,268 5,753 6,147 6,518 7,051 7,627 8,250 8,924 9,654   Growth % 9.7% 8.6% 10.2% 9.2% 6.8% 6.0% 8.2% 8.2% 8.2% 8.2% 8.2%   Total 7,440 8,336 9,613 10,811 11,767 12,851 13,966 16,148 19,116 23,186 28,372   Growth % 7.5% 12.0% 15.3% 12.5% 8.8% 9.2% 8.7% 15.6% 18.4% 21.3% 22.4%   Source: VMWare, Khaveen Investments  Based on VMware’s revenue breakdown, its subscription service represented 25% of its total revenues and was its fastest-growing segment with 10-year average revenue growth of 36.4%. On the other hand, its license revenue was 24% of its total revenue with an average growth rate of 4.7%. We forecasted VMware’s revenue based on its license, subscription and segment revenue based on its past 5-year average growth rate. For its subscription segment, we tapered down its average growth by 5% as a conservative estimate. To account for the switch from license revenue to subscriptions, we assumed its revenue growth to accelerate to 31.3% by 2025 based on its average subscription growth rate tapered down by 5% (31.3%).   Acquisition Pre-Acquisition (5-year Average Revenue Growth %) Post-Acquisition (2-year Revenue Growth)   CA Technologies -2.4% N/A   Brocade 1.8% N/A   Symantec Enterprise Security 2.6% N/A   Average 0.04% 17.5%   VMware 11.6% 17.0%   Source: CA, Brocade, Symantec, VMware, Khaveen Investments  For a comparison with its previous acquisitions, VMware had a higher average 5-year revenue growth rate before the acquisition (11.6%) than all 3 of its previous acquisitions which had a weighted average growth of only 0.04%. In comparison, its 2-year average software segment post-acquisition had an average growth rate of 17.5% which we believe highlights its revenue growth acceleration following Broadcom’s shifting its focus on enterprise clients and from a license to a subscription model. Therefore, we expect VMware growth to accelerate following its acquisition as the company shifts towards subscriptions as well and we forecasted its 2-year average growth post-acquisition to increase to 17% from 11.6%. According to Broadcom, the deal is expected to be completed by FY2023 subject to regulatory and shareholder approval. Based on our revenue projections for Broadcom from our previous analysis, we factored in VMware’s revenue contribution in FY2023.   Broadcom Revenue Projections ($ mln) 2020 2021 2022F 2023F 2024F 2025F 2026F   Semiconductor Solutions 17,267 20,383 22,043 23,839 25,780 27,880 30,151   Semiconductor Solutions Growth %   18.05% 8.15% 8.15% 8.15% 8.15% 8.15%   Infrastructure Software 6,621 7,067 7,622 8,221 8,869 9,570 10,329   Infrastructure Software Growth % 28.31% 6.74% 7.85% 7.87% 7.88% 7.90% 7.92%   Total Broadcom 23,888 27,450 29,665 32,060 34,650 37,451 40,480   Growth %   14.9% 8.1% 8.1% 8.1% 8.1% 8.1%   M&A Related Revenue Growth %     1,327 1,327 1,327 1,327 1,327   Total Broadcom (With M&A) 23,888 27,450 30,991 33,386 35,976 38,777 41,806   Total Growth %   14.9% 12.9% 7.7% 7.8% 7.8% 7.8%   VMware Revenue       16,148 19,116 23,186 28,372   VMware Revenue Synergies       559 559 559     Total Revenue (Post-Acquisition) 23,888 27,450 30,991 50,094 55,651 62,522 70,178   Growth %   14.9% 12.9% 61.6% 11.1% 12.3% 12.2%   Source: Broadcom, VMware, Khaveen Investments  All in all, we believe the acquisition of VMware as the market leader in virtualization software with a 72% market share in 2021 could provide opportunities for Broadcom to create revenue synergies by leveraging its common target customer base of enterprise customers. Additionally, as VMware’s presence among the Fortune 500 firms is 99% and higher than Broadcom (80%), we believe this could provide revenue synergy creation and forecasted its revenue synergies to be $1.9bln across 3 years. In FY2023, we expect VMware’s revenue to account for 32.2% of its total revenues and represent 85% of its revenue increase for the year. Beyond that, we expect through the shift towards subscriptions, its revenue growth to accelerate at an average growth rate of 17% in 2 years post-acquisition. Integration with VMware  As highlighted from our previous analysis, we believe another key opportunity for Broadcom is to integrate its acquired companies selling & admin operations with its sales force and provide an opportunity to leverage Broadcom’s existing relationships with key enterprise clients. This is as its SG&A as a % of revenue declined while its R&D expenses increase as it shifted its focus on R&D. Moreover, we compared Broadcom’s Infrastructure Software segment operating margin in the table below. We adjusted its Infrastructure Software segment margin with its unallocated expenses of $1.9 bln which we prorated based on its segment revenue breakdown.   Margins Operating Margins %   CA Technologies (pre-acquisition) 28.12%   Brocade (pre-acquisition) 13.09%   Symantec Enterprise Security (pre-acquisition) 18.52%   Broadcom Adjusted Software Segment (current) 42.91%   Source: Broadcom, CA, Brocade, Symantec, Khaveen Investments  From the table above, Broadcom’s adjusted software margins (42.91%) were higher than CA Technologies (28.12%), Brocade (13.09%) and Symantec’s Enterprise Security (18.52%) margins pre-acquisition. Additionally, in the table below, Broadcom’s adjusted software segment margins had also consistently increased in the past 3 years from 28.2% in 2019 to 42.9% in 2021.   Broadcom  2019 2020 2021   Infrastructure Software Revenue ($ mln) 5,156 6,621 7,067   Infrastructure Software Adjusted Margin 28.2% 28.5% 42.9%   Source: Broadcom, Khaveen Investments  To compare the margins and expense breakdown between VMware and Broadcom’s software segment, we examined its SG&A and R&D expenses as a % of revenue after adjusting for Broadcom’s unallocated expenses in the table below.   Expenses  VMware Broadcom Infrastructure Software    SG&A Expenses as % of revenue 39.5% 17.6%   R&D Expenses as % of revenue 23.8% 29.0%   Operating Margins 19.1% 42.9%   Source: Broadcom, VMware, Khaveen Investments  Based on VMware’s operating expense breakdown, its SG&A expenses were the largest expense at 39.5% of revenue followed by R&D at 23.8% of revenue. In contrast, Broadcom has a lower SG&A but higher R&D spending for its software segment and had a higher operating margin of 42.9% compared to VMware at only 19.1%. From its earnings briefing, Broadcom’s management highlighted its opportunity to derive synergies to reduce its SG&A through the integration of its direct sales force with VMware. And so we have a direct sales force, and we're going to leverage the fact that we have common coverage in both of those areas and take advantage of getting synergies there. – Tom Krause, CFO Additionally, the company also highlighted potential employee layoffs as it mentioned to “eliminate duplicative administrative functions” across “IT, finance, legal, human resources and facilities”. However, a difference in this acquisition compared to its past acquisitions is that the company had also indicated that it intends to retain VMware’s channel distribution model. Based on its annual report, VMware has a channel partner network including system integrators and resellers. And we think from learning about how we and Symantec, and frankly some of the revenues that we gave up, we think we can actually go back and reinvest in the channel and continue to drive revenue growth profitably. We don't want to walk away from the channel. We actually want to embrace it, – Tom Krause, CFO According to the company, it expects the acquisition to generate $8.5 bln in EBITDA within 3 years following the deal closing. Based on its target, we calculated the expected operating margin in 2025 assuming the deal closes in 2023 and depreciation of $593 mln to derive its EBIT target of $7,907 mln which we estimate to be an operating margin of 33.2% based on our revenue forecast in 2025 from the previous point.   VMware ($ mln) 2021 2025F   Revenue ('a') 12,851 23,186   EBIT ('b') 2,451 7,907   Operating Margin ('c') 19.1% 34.1%   Depreciation ('d') 593 593   EBITDA ('e') 3,044 8,500   *b = e – d c = b/a  Source: Broadcom, VMware, Khaveen Investments  Based on the company’s operating margins by segments, we forecasted the total operating margins for Broadcom post-acquisition.   Broadcom Operating Margin ($ mln) 2019 2020 2021 2022F 2023F 2024F 2025F 2026F   Semiconductor Solutions Revenue 17,441 17,267 20,383 22,043 23,839 25,780 27,880 30,151   Semiconductor Solutions Operating Margins 11.4% 12.3% 26.9% 26.9% 26.9% 26.9% 26.9% 26.9%   Infrastructure Software Revenue 5,156 6,621 7,067 8,948 9,548 10,196 10,897 11,655   Infrastructure Software Operating Margins 28.2% 28.5% 42.9% 42.9% 42.9% 42.9% 42.9% 42.9%   VMware Revenue         16,148 19,116 23,186 28,372   VMware Operating Margins       19.1% 24.1% 29.1% 34.1% 34.1%   Total Operating Income 3,444 4,014 8,519 9,773 14,402 16,876 20,087 22,793   Total Operating Margins   16.8% 31.0% 31.5% 28.8% 30.3% 32.1% 32.5%   Source: Broadcom, VMware, Khaveen Investments  Overall, we expect Broadcom to integrate its direct sales force with VMware and indicated potential layoffs across multiple business functions. However, unlike prior acquisitions, the company indicated its intention to leverage VMware’s channel partner network. Thus, we forecasted VMware’s operating margins to reach 34.1% by 2025 based on its guided EBITDA target of $8.5 bln within 3 years post-acquisition completion. However, its margins are lower in comparison to Broadcom’s adjusted software margins at 42.9% and we expect it to weigh down on its overall operating margins to 28.8% in 2023 but gradually improve with the increase of VMware’s margins. Despite the lower margins, we still expect the company’s total operating income to continue growing driven by the higher revenue growth of VMware. Financial Impact Based on the deal, Broadcom will pay VMware shareholders either $142.50 in cash or 0.2520 shares of Broadcom for each VMware share subjected to proration resulting in 50% of VMware shares exchanged for cash and half for Broadcom stock. Based on our calculations, we derived a total consideration of $59bln compared to its approximation of $61 bln from the announcement.   VMware Deal Consideration Per Share Total Consideration ($ mln) Proration (50%) ($ mln)   Cash 142.5 60,056 30,028   Broadcom Stock 138.2 58,256 29,128   Total Consideration     59,156   Source: Broadcom, VMware, Khaveen Investments  After calculating the estimated acquisition cost, we factored this impact into our projection of Broadcom’s cash flows in FY2023. Also, we accounted for the Capex of VMware in our projections based on its 10-year average Capex as a % of revenue (3.7%).   Capex Projections ($ mln) 2022F 2023F 2024F 2025F 2026F   Broadcom Revenue 30,991 33,386 35,976 38,777 41,806   Broadcom Capex 4,080 4,149 4,225 4,307 4,395   VMware Revenue   16,707 19,675 23,745 28,372   VMware Capex   626 737 890 1,063   Acquisition Costs   30,028         Total Revenue 30,991 50,094 55,651 62,522 70,178   Total Capex 4,080 34,804 4,962 5,196 5,458   Capex as % of Revenue 13% 69% 9% 8% 8%   Source: Broadcom, VMware, Khaveen Investments  Broadcom, VMware, Khaveen Investments Based on our cash flow forecast in the chart above, the acquisition cost is expected to weigh on its FCF margins at -34.7% in 2023. Beyond that, we forecasted its average FCF margin of 29%. Additionally, Broadcom obtained commitments from a consortium of banks for $32 bln in debt financing. Additionally, the company will assume $8 bln of net debt from VMware according to Broadcom. Broadcom, VMware, Khaveen Investments Assuming the deal is completed by FY2023 as planned, we forecasted Broadcom’s debt to increase by 64.7% in 2023 and its cash to debt ratio to be impacted from 0.33x in 2022 to 0.24x in 2023. Due to the strong FCF cash generation of Broadcom, our model shows its cash to debt ratio recovering to 0.41x by 2026.   Credit Analysis 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021   EBITDA interest coverage N/A N/A 14.5x 15.5x 8.5x 18.1x 18.6x 7.5x 6.5x 7.9x   EBITDA/Net Debt N/A N/A 0.3x 0.8x 0.2x 0.4x 0.5x 0.3x 0.3x 0.4x   Source: Broadcom, VMware, Khaveen Investments  Furthermore, in terms of credit ratio analysis, its EBITDA interest coverage had deteriorated in the past 7 years as its interest expense rose but improved in 2021 to 7.9x. Moreover, its EBITDA/Net debt had remained stagnant in the past 10 years to 0.4x in 2021. Overall, we believe this highlights its deteriorating ability to repay its debt obligations with its increased debt.   Pre-Acquisition Value ($ mln) Weight Cost   Equity 204,215 80.6% 9.6%   Debt 49,152 19.4% 2.1%   WACC     8.1%   Post-Acquisition Value ($ mln) Weight Cost   Equity 204,215 71.5% 9.6%   Debt 81,495 28.5% 2.1%   WACC     7.4%   Source: Khaveen Investments  With the expected increase in its debt, we calculated the company’s WACC pre-and post-acquisition. Based on the table, we expect its debt weight to increase from 19.4% to 28.5%. As its cost of debt (2.1%) is lower than its cost of equity (9.6%), its post-acquisition WACC shows a decline to 7.4% from 8.1%. Overall, while we expect the deal to weigh on Broadcom’s FCF margin in FY2023 at -34.7% with an acquisition cost of $59 bln and increase its debt by 65%, however, we still believe the acquisition could provide a positive contribution to the company’s financials with a better capital structure with a lower WACC from 8.1% to 7.4% due to the increase of its debt weight to 28.5%. Furthermore, we believe that Broadcom’s cash to debt would improve to 0.41x by 2026 from 0.24x in 2023 supported by its strong cash flow generating abilities with a forecasted average FCF margin of 29% beyond 2023. All in all, we believe that the company’s financials should be able to support this acquisition. Risk: Competitive Threats According to Forrester Research, it highlighted that the company could be faced with challenges from other competitors such as Nutanix (NTNX), IBM Red Hat (IBM) and the major public cloud players like AWS (AMZN), Microsoft Azure (MSFT) and Google Cloud (GOOG). While VMware had dominated the virtualization software market, according to VMware’s annual report, the company highlighted that it faces the risk of new applications being developed on public cloud providers which could reduce the demand for its products and services. However, the company had also partnered with cloud providers such as Microsoft which also competes against VMware with its Hyper V software. Additionally, other cloud-based competitors include Oracle (ORCL) VM server and Enterprise Linux with Smart Virtualization by Red Hat. Valuation We valued the company with a DCF valuation as we expect the company to continue generating positive free cash flows post-acquisition. We based its terminal value on the chipmaker's average EV/EBITDA of 18.44x. SeekingAlpha, Khaveen Investments Based on a discount rate of 7.4% (company’s WACC post-acquisition) and accounting for its post-acquisition share outstanding of 615 mln, our model shows an upside of 44.5% Khaveen Investments   Equity Value ($mln) Pre-Acquisition Post-Acquisition   Enterprise Value 488,064 488,064   Plus: Cash 10,219 19,719   Less: Debt 49,152 81,495   Less: Minority Interest - -   Equity Value 449,131 426,288   Average FCF (5-year Forward) 12,948 20,696   Source: Khaveen Investments  Additionally, following the acquisition, we estimated its equity value to decrease to $426 bln from $449 bln due to the increase of its debt from $49 bln to $81.5 bln despite the increase of its cash from $10 bln to $19.7 bln. Although we expect its equity value to decrease with the acquisition, however, we projected its average FCFs to increase with the acquisition with a difference of $7.7 bln in the 5 years post-acquisition. Verdict  To conclude, we analyzed the company’s planned acquisition of VMware at a cost of around $59 bln based on a mix of cash and debt expected to be completed in FY2023. Not only is the deal expected to contribute 85% of revenue increase for the company and represent 32% of its total revenue, but we also expect the deal to create revenue synergy opportunities for the company as the market leader in virtualization software and have a common customer base of enterprise customers at an estimate of $1.9 bln. Also, we believe its shift towards a subscription model could support its revenue growth acceleration at an average of 17% from its past 5-year average of 11.6%. Moreover, we believe that through the integration of its sales force and elimination of redundancies, the VMware’s operating margins could increase to 34.1% by 2025 from 19.1%. While this is lower than Broadcom’s margins, we expect its operating income to continue growing due to VMware’s superior revenue growth. While we expect a financial impact on the company post-acquisition with its FCF margins forecasted to decline to -34.7% and its debt to increase by 65%, we believe that the acquisition is still positive as we expect its capital structure to improve with a reduced WACC to 7.4% from 8.1%. Additionally, despite the increase in its debt, its debt weight would increase to only 28.5% from 19.4% previously. Moreover, we forecasted its cash-to-debt ratio to improve to 0.41x by 2026 supported by its strong cash-generating abilities with a forecasted average FCF margin of 29% through 2026. Most importantly, compared to our previous analysis, our forecasted revenue growth accounting for the acquisition has increased to a 5-year forward of 22% compared to 8.8% in our previous analysis. Overall, we rate the company as a Strong Buy with a target price of $730.80.","news_type":1},"isVote":1,"tweetType":1,"viewCount":335,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9064462389,"gmtCreate":1652362336441,"gmtModify":1676535084873,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>Trash&nbsp;","listText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>Trash&nbsp;","text":"$Senseonics(SENS)$Trash","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9064462389","isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9036378886,"gmtCreate":1647002621266,"gmtModify":1676534186170,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"No way back&nbsp;","listText":"No way back&nbsp;","text":"No way back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036378886","repostId":"9036368493","repostType":1,"repost":{"id":9036368493,"gmtCreate":1646992567748,"gmtModify":1676534185192,"author":{"id":"3553647761913982","authorId":"3553647761913982","name":"SnowKry","avatar":"https://static.tigerbbs.com/e913ec8152207ac37e122db039e3a47a","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3553647761913982","authorIdStr":"3553647761913982"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Cry]&nbsp;","listText":"<a href=\"https://ttm.financial/S/DIDI\">$DiDi Global Inc.(DIDI)$</a>[Cry]&nbsp;","text":"$DiDi Global Inc.(DIDI)$[Cry]","images":[{"img":"https://static.itradeup.com/news/412ad03afe4a56e8afd14fc77077fa2e","width":"1440","height":"2560"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9036368493","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031296308,"gmtCreate":1646572146631,"gmtModify":1676534140333,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Best&nbsp;","listText":"Best&nbsp;","text":"Best","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031296308","repostId":"1136361690","repostType":4,"repost":{"id":"1136361690","kind":"news","pubTimestamp":1646442354,"share":"https://ttm.financial/m/news/1136361690?lang=&edition=fundamental","pubTime":"2022-03-05 09:05","market":"us","language":"en","title":"7 Earnings Reports to Watch the Week of March 7","url":"https://stock-news.laohu8.com/highlight/detail?id=1136361690","media":"InvestorPlace","summary":"We’ll get an idea when San Diego-based Petco reports its fourth-quarter results on Mar. 7.The company has set a high bar for itself to jump, having increased its sales growth from 1% before the pandemic to 27% at the end of 2020. Wall Street will be watching to see if theretailer of pet food, toys and supplies has been able to maintain the momentum.Analysts have forecastPetco to report earnings per share  of $0.25 on revenue of $1.49 billion for Q4.While the company’s sales boomed during the pan","content":"<html><head></head><body><p>It’s that time in earnings season when we’re getting down near the bottom of the barrel. With 95% of <b>S&amp;P 500</b> companies having reported results for the fourth quarter of 2021,  the season for earnings reports is coming to a conclusion. We’re just about at junior mining companies and biopharmaceutical start-ups.</p><p>However, there are still a handful of companies left to issue their Q4 prints that have the potential to move stocks in their respective sectors if not the broader market. To date, more than three-quarters (76%) of S&amp;P 500 companies have reported better-than-expected earnings for the final three months of last year, according to FactSet, demonstrating surprising resilience in the face of persistent inflation, global supply chain constraints and geopolitical tensions.</p><p>Here are seven companies reporting earnings the week of March 7.</p><ul><li><b>Dick’s Sporting Goods</b>(NYSE:<b><u>DKS</u></b>)</li><li><b>Petco</b>(NASDAQ:<b><u>WOOF</u></b>)</li><li><b>Oracle</b>(NYSE:<b><u>ORCL</u></b>)</li><li><b>CrowdStrike</b>(NASDAQ:<b><u>CRWD</u></b>)</li><li><b>Campbell Soup</b>(NYSE:<b><u>CPB</u></b>)</li><li><b>Rivian Automotive</b>(NASDAQ:<b><u>RIVN</u></b>)</li><li><b>DocuSign</b>(NASDAQ:<b><u>DOCU</u></b>)</li></ul><p>Earnings Reports Next Week: Dick’s Sporting Goods (DKS)</p><p>Shares of America’ biggest sporting goods retailer have been holding up better than most areas of the market this year. DKS stock is down about 5% so far, compared to a decline of nearly 10% for the benchmark S&amp;P 500 index. However, over the past 12-months, Dick’s share price has gained over 50% to reach its current level of $109.61. The stock has been helped by strong earnings as the economy emerged from Covid-19 lockdowns.</p><p>Despite its run higher over the last year, DKS stock still looks modestly valued with a price-to-earnings ratio of 7.96, which is lower than the industry average of nearly 11 among peer retailers.</p><p>For its fourth-quarter numbers, analysts forecast that the company will report earnings per share (EPS) of $3.39, up 40% from a year ago. Revenue is projected to come in at $3.31 billion, up 6% from a year earlier. DKS stock has risen 6% in the week leading up to its earnings release, suggesting that investors are expecting the company to beat expectations.</p><p>Petco (WOOF)</p><p>Are pet owners continuing to splurge on their beloved cats, dogs and parakeets? We’ll get an idea when San Diego-based Petco reports its fourth-quarter results on Mar. 7.</p><p>The company has set a high bar for itself to jump, having increased its sales growth from 1% before the pandemic to 27% at the end of 2020. Wall Street will be watching to see if the retailer of pet food, toys and supplies has been able to maintain the momentum. Analysts have forecast Petco to report earnings per share (EPS) of $0.25 on revenue of $1.49 billion for Q4.</p><p>While the company’s sales boomed during the pandemic when people were sheltering in place at home with their beloved pets, sentiment towards WOOF stock has cooled off in recent months as the economy reopens and people begin interacting with other humans more. In the last year, Petco’s share price has pulled back 14% to $17.80. That includes a 10% decline so far this year.</p><p>In an effort to rebound, the company has been adding veterinary hospitals to its stores, with 172 now in operation. Thevet business has been Petco’s fastest-growing segment, expanding an annualized 28% in the previous third quarter.</p><p>Earnings Reports Next Week: Oracle (ORCL)</p><p>Legacy software company Oracle reports its Q4 numbers on March 9 and the company’s results could ripple through the tech sector.</p><p>Wall Street is calling for Santa Clara, California-based Oracle to report EPS of $1.18 on revenue of $10.51 billion. The company’s shares have been under pressure lately as it integrates recently acquired digital medical records business <b>Cerner</b>(NASDAQ:<b><u>CERN</u></b>), which Oracle bought for $28 billion.</p><p>ORCL stock is down 12% year-to-date, but remains up 15% over the last year at its current share price of $76.82.</p><p>Beyond the Cerner acquisition, Oracle has been aggressively growing its cloud software business. As written by <i>the Motley Fool,</i> in the previous third quarter, Oracle reported a “6% rise in cloud services and license support revenue, to $7.6 billion, and a 13% jump in cloud license and on-premise license revenue, to $1.2 billion.” Wall Street applauded these numbers and seems to like that the company is increasingly focusing its efforts on cloud software and related applications. The company’s cloud revenue is forecast to exceed $10 billion this year.</p><p>CrowdStrike (CRWD)</p><p>Cybersecurity company CrowdStrike has been mentioned a lot since Russia invaded Ukraine and the threat of cyber warfare intensified around the world. Indeed, CRWD stock has increased more than 10% since Russia launched its attack on neighboring Ukraine.</p><p>The gains have been welcomed by shareholders who have had to watch CrowdStrike’s share price crater in recent months. CrowdStrike’s stock is now down nearly 39% from a peak of $298.48 reached last November. However, the stock has recovered some to now trade at $180.02 a share.</p><p>For the fourth quarter, analysts expect CrowdStrike to report EPS of $0.20 on revenue of $410.91 million.</p><p>Key to the company’s success will be its ability to continue growing its customer base, something it has executed well on over the past few years. Today, 63 of Fortune 100 companies and 14 of the top 20 banks in America deploy CrowdStrike cybersecurity products to protect themselves from cyber threats. And those threats are only growing with the current geopolitical instability, raising demand for CrowdStrike’s products and services.</p><p>Earnings Reports Next Week: Campbell Soup (CPB)</p><p>Now for something warm and comforting. Camden, New Jersey-based Campbell Soup reports its fourth quarter results on March 9 and better-than-expected results might help to get the company’s stock moving higher. Over the past year, CPB shares have been essentially flat(down a slight 0.33%). Year-to-date, the stock is up 5% at $45.65 a share.</p><p>While the company and its stock got a boost at the depths of the pandemic as consumers stocked up on its soup and snack products, those gains have moderated over the last six months.</p><p>Indeed, Wall Street is expecting the maker of soup, Pepperidge Farm cookies and V8 tomato juice to post quarterly earnings of $0.68 per share for the fourth quarter, which would represent a year-over-year decline of -19%. Revenues for the quarter are expected to come in at $2.21 billion, down 2.8% from a year earlier. Part of the decline is due to some tough comparables Campbell Soup is facing from 2020 when its sales were spiking as people were locked down at home during the pandemic.</p><p>Rivian Automotive (RIVN)</p><p>Not much has been going right for the stock of electric vehicle maker Rivian Automotive lately. Year-to-date, RIVN stock is down 55% at $46.70 a share. The stock is now down 73% from $179.47 a share reached shortly after the company went public last November.</p><p>It’s been blunder after blunder for Rivian since. The company’s most recent misstep was announcing a $12,000 price increase on its electric pick-up trucks and SUVs that had already been ordered by consumers.</p><p>Rivian was forced to cancel the planned price increase after a swift backlash from consumers and the media. The company said it planned to raise the prices on about 70,000 preorders it received to help offset the inflationary increases it is seeing with the parts and components it needs to build its electric vehicles. However, consumers were having none of it.</p><p>Hopefully, Rivian can right its ship when it reports its Q4 results. Analysts are looking for the company to report negative EPS of -$1.72 on revenue of $60 million.</p><p>Earnings Reports Next Week: DocuSign (DOCU)</p><p>DOCU stock was one of the main beneficiaries of the pandemic lockdowns, with its share price rising over 250% to an all-time high of just under $315 a share. The company’s stock has also been one of the most impacted by the reopening trade. In the last six months, DocuSign’s share price has declined 67% to now trade at $102.67. The San Francisco-based company that specializes in the management of electronic documents and signatures has been pulled down along with other richly valued tech stocks tied to the pandemic.</p><p>Some analysts say the selloff has been overdone and point to the fact that DocuSign is now a global leader in the e-signature sector with specialized software products and improving margins.</p><p>The company’s operating margins are forecast to come in at about 18% in the fourth quarter of 2021, up from 8% at the end of 2020. For the entire fourth quarter, DocuSign is forecast to report EPS of $0.47 on revenues of $561.47 million. Wall Street will be looking for signs that DocuSign can sustain its growth long-term once the pandemic is behind us for good.</p></body></html>","source":"lsy1606302653667","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>7 Earnings Reports to Watch the Week of March 7</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\">\n7 Earnings Reports to Watch the Week of March 7\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-05 09:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/7-earnings-reports-to-watch-the-week-of-march-7/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s that time in earnings season when we’re getting down near the bottom of the barrel. With 95% of S&P 500 companies having reported results for the fourth quarter of 2021,  the season for earnings ...</p>\n\n<a href=\"https://investorplace.com/7-earnings-reports-to-watch-the-week-of-march-7/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","CPB":"金宝汤","ORCL":"甲骨文","DOCU":"Docusign","DKS":"迪克体育用品","WOOF":"Petco Health and Wellness Company, Inc.","CRWD":"CrowdStrike Holdings, Inc."},"source_url":"https://investorplace.com/7-earnings-reports-to-watch-the-week-of-march-7/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136361690","content_text":"It’s that time in earnings season when we’re getting down near the bottom of the barrel. With 95% of S&P 500 companies having reported results for the fourth quarter of 2021,  the season for earnings reports is coming to a conclusion. We’re just about at junior mining companies and biopharmaceutical start-ups.However, there are still a handful of companies left to issue their Q4 prints that have the potential to move stocks in their respective sectors if not the broader market. To date, more than three-quarters (76%) of S&P 500 companies have reported better-than-expected earnings for the final three months of last year, according to FactSet, demonstrating surprising resilience in the face of persistent inflation, global supply chain constraints and geopolitical tensions.Here are seven companies reporting earnings the week of March 7.Dick’s Sporting Goods(NYSE:DKS)Petco(NASDAQ:WOOF)Oracle(NYSE:ORCL)CrowdStrike(NASDAQ:CRWD)Campbell Soup(NYSE:CPB)Rivian Automotive(NASDAQ:RIVN)DocuSign(NASDAQ:DOCU)Earnings Reports Next Week: Dick’s Sporting Goods (DKS)Shares of America’ biggest sporting goods retailer have been holding up better than most areas of the market this year. DKS stock is down about 5% so far, compared to a decline of nearly 10% for the benchmark S&P 500 index. However, over the past 12-months, Dick’s share price has gained over 50% to reach its current level of $109.61. The stock has been helped by strong earnings as the economy emerged from Covid-19 lockdowns.Despite its run higher over the last year, DKS stock still looks modestly valued with a price-to-earnings ratio of 7.96, which is lower than the industry average of nearly 11 among peer retailers.For its fourth-quarter numbers, analysts forecast that the company will report earnings per share (EPS) of $3.39, up 40% from a year ago. Revenue is projected to come in at $3.31 billion, up 6% from a year earlier. DKS stock has risen 6% in the week leading up to its earnings release, suggesting that investors are expecting the company to beat expectations.Petco (WOOF)Are pet owners continuing to splurge on their beloved cats, dogs and parakeets? We’ll get an idea when San Diego-based Petco reports its fourth-quarter results on Mar. 7.The company has set a high bar for itself to jump, having increased its sales growth from 1% before the pandemic to 27% at the end of 2020. Wall Street will be watching to see if the retailer of pet food, toys and supplies has been able to maintain the momentum. Analysts have forecast Petco to report earnings per share (EPS) of $0.25 on revenue of $1.49 billion for Q4.While the company’s sales boomed during the pandemic when people were sheltering in place at home with their beloved pets, sentiment towards WOOF stock has cooled off in recent months as the economy reopens and people begin interacting with other humans more. In the last year, Petco’s share price has pulled back 14% to $17.80. That includes a 10% decline so far this year.In an effort to rebound, the company has been adding veterinary hospitals to its stores, with 172 now in operation. Thevet business has been Petco’s fastest-growing segment, expanding an annualized 28% in the previous third quarter.Earnings Reports Next Week: Oracle (ORCL)Legacy software company Oracle reports its Q4 numbers on March 9 and the company’s results could ripple through the tech sector.Wall Street is calling for Santa Clara, California-based Oracle to report EPS of $1.18 on revenue of $10.51 billion. The company’s shares have been under pressure lately as it integrates recently acquired digital medical records business Cerner(NASDAQ:CERN), which Oracle bought for $28 billion.ORCL stock is down 12% year-to-date, but remains up 15% over the last year at its current share price of $76.82.Beyond the Cerner acquisition, Oracle has been aggressively growing its cloud software business. As written by the Motley Fool, in the previous third quarter, Oracle reported a “6% rise in cloud services and license support revenue, to $7.6 billion, and a 13% jump in cloud license and on-premise license revenue, to $1.2 billion.” Wall Street applauded these numbers and seems to like that the company is increasingly focusing its efforts on cloud software and related applications. The company’s cloud revenue is forecast to exceed $10 billion this year.CrowdStrike (CRWD)Cybersecurity company CrowdStrike has been mentioned a lot since Russia invaded Ukraine and the threat of cyber warfare intensified around the world. Indeed, CRWD stock has increased more than 10% since Russia launched its attack on neighboring Ukraine.The gains have been welcomed by shareholders who have had to watch CrowdStrike’s share price crater in recent months. CrowdStrike’s stock is now down nearly 39% from a peak of $298.48 reached last November. However, the stock has recovered some to now trade at $180.02 a share.For the fourth quarter, analysts expect CrowdStrike to report EPS of $0.20 on revenue of $410.91 million.Key to the company’s success will be its ability to continue growing its customer base, something it has executed well on over the past few years. Today, 63 of Fortune 100 companies and 14 of the top 20 banks in America deploy CrowdStrike cybersecurity products to protect themselves from cyber threats. And those threats are only growing with the current geopolitical instability, raising demand for CrowdStrike’s products and services.Earnings Reports Next Week: Campbell Soup (CPB)Now for something warm and comforting. Camden, New Jersey-based Campbell Soup reports its fourth quarter results on March 9 and better-than-expected results might help to get the company’s stock moving higher. Over the past year, CPB shares have been essentially flat(down a slight 0.33%). Year-to-date, the stock is up 5% at $45.65 a share.While the company and its stock got a boost at the depths of the pandemic as consumers stocked up on its soup and snack products, those gains have moderated over the last six months.Indeed, Wall Street is expecting the maker of soup, Pepperidge Farm cookies and V8 tomato juice to post quarterly earnings of $0.68 per share for the fourth quarter, which would represent a year-over-year decline of -19%. Revenues for the quarter are expected to come in at $2.21 billion, down 2.8% from a year earlier. Part of the decline is due to some tough comparables Campbell Soup is facing from 2020 when its sales were spiking as people were locked down at home during the pandemic.Rivian Automotive (RIVN)Not much has been going right for the stock of electric vehicle maker Rivian Automotive lately. Year-to-date, RIVN stock is down 55% at $46.70 a share. The stock is now down 73% from $179.47 a share reached shortly after the company went public last November.It’s been blunder after blunder for Rivian since. The company’s most recent misstep was announcing a $12,000 price increase on its electric pick-up trucks and SUVs that had already been ordered by consumers.Rivian was forced to cancel the planned price increase after a swift backlash from consumers and the media. The company said it planned to raise the prices on about 70,000 preorders it received to help offset the inflationary increases it is seeing with the parts and components it needs to build its electric vehicles. However, consumers were having none of it.Hopefully, Rivian can right its ship when it reports its Q4 results. Analysts are looking for the company to report negative EPS of -$1.72 on revenue of $60 million.Earnings Reports Next Week: DocuSign (DOCU)DOCU stock was one of the main beneficiaries of the pandemic lockdowns, with its share price rising over 250% to an all-time high of just under $315 a share. The company’s stock has also been one of the most impacted by the reopening trade. In the last six months, DocuSign’s share price has declined 67% to now trade at $102.67. The San Francisco-based company that specializes in the management of electronic documents and signatures has been pulled down along with other richly valued tech stocks tied to the pandemic.Some analysts say the selloff has been overdone and point to the fact that DocuSign is now a global leader in the e-signature sector with specialized software products and improving margins.The company’s operating margins are forecast to come in at about 18% in the fourth quarter of 2021, up from 8% at the end of 2020. For the entire fourth quarter, DocuSign is forecast to report EPS of $0.47 on revenues of $561.47 million. Wall Street will be looking for signs that DocuSign can sustain its growth long-term once the pandemic is behind us for good.","news_type":1},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094113747,"gmtCreate":1645078178322,"gmtModify":1676533995091,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094113747","repostId":"1170326229","repostType":4,"repost":{"id":"1170326229","kind":"news","pubTimestamp":1645062276,"share":"https://ttm.financial/m/news/1170326229?lang=&edition=fundamental","pubTime":"2022-02-17 09:44","market":"us","language":"en","title":"Tesla Stock Can Survive and Thrive Even Without Cheap Cars","url":"https://stock-news.laohu8.com/highlight/detail?id=1170326229","media":"InvestorPlace","summary":"Tesla(NASDAQ:TSLA) continues to come out on top, even when Wall Street wants to knock it down. The e","content":"<html><head></head><body><p><b>Tesla</b>(NASDAQ:<b><u>TSLA</u></b>) continues to come out on top, even when Wall Street wants to knock it down. The electric vehicle leader has once again demonstrated its prowess this week in the face of bearish analyst reports. So what do you need to know about TSLA stock right now?</p><p>On Monday, Bernstein analyst Toni Sacconaghi reiterated his “sell” recommendation and his $300 price target. The analyst shared concerns around a slowdown in the full-self driving (FSD) software and delays in production of a $25,000 car.</p><p>However, investors learned again today that one analyst isn’t strong enough to drive down a company like Tesla. You should brush off Sacconaghi’s concerns and embrace TSLA stock as a winner.</p><p>What Is Happening With TSLA Stock</p><p>In his note, Sacconaghiexpressed concern that Tesla wouldn’t be developing a more affordable electric vehicle in the near future. The decision “feels at odds with Tesla’s goal of driving EV adoption as quickly as possible,” he wrote.</p><p>The analyst is referring to CEO Elon Musk’s eyebrow-raising comments during the fourth-quarter earnings call. There, he shared that the automaker would not be prioritizing new models in 2022. Instead, Tesla would focus on scaling production of its current lineup. This decision stems, at least partially, from ongoing global supply chain issues.</p><p>While Sacconaghi sees the decision to not prioritize a $25,000 car before 2025 as a problem, Musk’s decision exemplifies what investors should like about Tesla. The EV maker made it through 2021 despite supply chain challenges, still posting record deliveries for Q4. Focusing on what it knows — and on what sells — in 2022 is a smart decision.</p><p>Beyond that, recent data reveal that Tesla is the most-searched car brand in the world. When consumers shop for electric vehicles, Tesla is still the first name they think of. That holds true despite its high prices.</p><p>Indeed, it will serve Tesla well to continue with its current business model and not cheapen its brand. Driving a Tesla is still considered a status symbol by many, giving it a competitive edge.</p><p>What Comes Next</p><p>The bottom line is that Tesla does not need to cheapen its name by producing more affordable cars, at least right now. A revolution in electric vehicles is underway, and the road ahead for Tesla looks smooth.</p></body></html>","source":"lsy1606302653667","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>Tesla Stock Can Survive and Thrive Even Without Cheap Cars</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\">\nTesla Stock Can Survive and Thrive Even Without Cheap Cars\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 09:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/02/tsla-stock-can-survive-and-thrive-even-without-cheap-cars/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla(NASDAQ:TSLA) continues to come out on top, even when Wall Street wants to knock it down. The electric vehicle leader has once again demonstrated its prowess this week in the face of bearish ...</p>\n\n<a href=\"https://investorplace.com/2022/02/tsla-stock-can-survive-and-thrive-even-without-cheap-cars/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://investorplace.com/2022/02/tsla-stock-can-survive-and-thrive-even-without-cheap-cars/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1170326229","content_text":"Tesla(NASDAQ:TSLA) continues to come out on top, even when Wall Street wants to knock it down. The electric vehicle leader has once again demonstrated its prowess this week in the face of bearish analyst reports. So what do you need to know about TSLA stock right now?On Monday, Bernstein analyst Toni Sacconaghi reiterated his “sell” recommendation and his $300 price target. The analyst shared concerns around a slowdown in the full-self driving (FSD) software and delays in production of a $25,000 car.However, investors learned again today that one analyst isn’t strong enough to drive down a company like Tesla. You should brush off Sacconaghi’s concerns and embrace TSLA stock as a winner.What Is Happening With TSLA StockIn his note, Sacconaghiexpressed concern that Tesla wouldn’t be developing a more affordable electric vehicle in the near future. The decision “feels at odds with Tesla’s goal of driving EV adoption as quickly as possible,” he wrote.The analyst is referring to CEO Elon Musk’s eyebrow-raising comments during the fourth-quarter earnings call. There, he shared that the automaker would not be prioritizing new models in 2022. Instead, Tesla would focus on scaling production of its current lineup. This decision stems, at least partially, from ongoing global supply chain issues.While Sacconaghi sees the decision to not prioritize a $25,000 car before 2025 as a problem, Musk’s decision exemplifies what investors should like about Tesla. The EV maker made it through 2021 despite supply chain challenges, still posting record deliveries for Q4. Focusing on what it knows — and on what sells — in 2022 is a smart decision.Beyond that, recent data reveal that Tesla is the most-searched car brand in the world. When consumers shop for electric vehicles, Tesla is still the first name they think of. That holds true despite its high prices.Indeed, it will serve Tesla well to continue with its current business model and not cheapen its brand. Driving a Tesla is still considered a status symbol by many, giving it a competitive edge.What Comes NextThe bottom line is that Tesla does not need to cheapen its name by producing more affordable cars, at least right now. A revolution in electric vehicles is underway, and the road ahead for Tesla looks smooth.","news_type":1},"isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095565260,"gmtCreate":1644964528768,"gmtModify":1676533979502,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a>Another break out earnings report coming !!! Keep flying&nbsp;","listText":"<a href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a>Another break out earnings report coming !!! Keep flying&nbsp;","text":"$Broadcom(AVGO)$Another break out earnings report coming !!! Keep flying","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095565260","isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092720636,"gmtCreate":1644734093029,"gmtModify":1676533957897,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572907325602131","authorIdStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>Total let down ... wat agg stock&nbsp;","listText":"<a href=\"https://ttm.financial/S/SENS\">$Senseonics(SENS)$</a>Total let down ... wat agg stock&nbsp;","text":"$Senseonics(SENS)$Total let down ... wat agg stock","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092720636","isVote":1,"tweetType":1,"viewCount":745,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":162556308,"gmtCreate":1624068954504,"gmtModify":1703828097215,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>For those holding sens, it’s normal mode now to consolidate .. forcing those who buy Low to take profit and those buy high to cut loss … the FDA approvalwill be end of sept early Aug… not so fast as covid has put a strain on resources u needto know FDA need to work on a lot of vaccine approval . In short just hold and wait if drop more chance to add!!&nbsp;","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>For those holding sens, it’s normal mode now to consolidate .. forcing those who buy Low to take profit and those buy high to cut loss … the FDA approvalwill be end of sept early Aug… not so fast as covid has put a strain on resources u needto know FDA need to work on a lot of vaccine approval . In short just hold and wait if drop more chance to add!!&nbsp;","text":"$Senseonics(SENS)$For those holding sens, it’s normal mode now to consolidate .. forcing those who buy Low to take profit and those buy high to cut loss … the FDA approvalwill be end of sept early Aug… not so fast as covid has put a strain on resources u needto know FDA need to work on a lot of vaccine approval . In short just hold and wait if drop more chance to add!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":14,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/162556308","isVote":1,"tweetType":1,"viewCount":18121,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575004925185220","authorId":"3575004925185220","name":"BIackTlger","avatar":"https://static.tigerbbs.com/1b6bbad3170909ed1e85e56dfb66d38e","crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3575004925185220","idStr":"3575004925185220"},"content":"So what is your position since you advise. How many stocks are you holding?","text":"So what is your position since you advise. How many stocks are you holding?","html":"So what is your position since you advise. How many stocks are you holding?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181311225,"gmtCreate":1623373688467,"gmtModify":1704201913723,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>So all our ?? peopleare we still holding strong on this ?? Marching to $5 in no time ??&nbsp;","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>So all our ?? peopleare we still holding strong on this ?? Marching to $5 in no time ??&nbsp;","text":"$Senseonics(SENS)$So all our ?? peopleare we still holding strong on this ?? Marching to $5 in no time ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/181311225","isVote":1,"tweetType":1,"viewCount":1249,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576136116632591","authorId":"3576136116632591","name":"Gerold","avatar":"https://static.tigerbbs.com/5ee15c324fc34f775a9167c4725526be","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576136116632591","idStr":"3576136116632591"},"content":"It can go to 10$","text":"It can go to 10$","html":"It can go to 10$"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124663612,"gmtCreate":1624762631636,"gmtModify":1703844660788,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Has been a great weekfor sens , but take note we can’t expect sens to go up every week. Patience when it consolidate and we rewarded come Oct earliest&nbsp;","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Has been a great weekfor sens , but take note we can’t expect sens to go up every week. Patience when it consolidate and we rewarded come Oct earliest&nbsp;","text":"$Senseonics(SENS)$Has been a great weekfor sens , but take note we can’t expect sens to go up every week. Patience when it consolidate and we rewarded come Oct earliest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/124663612","isVote":1,"tweetType":1,"viewCount":800,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574906010033061","authorId":"3574906010033061","name":"小超哥哥","avatar":"https://static.tigerbbs.com/4aa3a5f3808fdc46edcfa2f2c310d334","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3574906010033061","idStr":"3574906010033061"},"content":"Why did it go up so mcuh","text":"Why did it go up so mcuh","html":"Why did it go up so mcuh"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190295379,"gmtCreate":1620621713191,"gmtModify":1704345695455,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Road to $2 coming ?? Or road to 0.2","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Road to $2 coming ?? Or road to 0.2","text":"$Luokung Technology Corp(LKCO)$Road to $2 coming ?? Or road to 0.2","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/190295379","isVote":1,"tweetType":1,"viewCount":1569,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3563309823752942","authorId":"3563309823752942","name":"Buddies","avatar":"https://static.tigerbbs.com/a5d702217345eb37cb1f31fdd3f28f29","crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3563309823752942","idStr":"3563309823752942"},"content":"Hehe, what a great buy, grateful I was able to buy more at this price [Love], [666]","text":"Hehe, what a great buy, grateful I was able to buy more at this price [Love], [666]","html":"Hehe, what a great buy, grateful I was able to buy more at this price [Love], [666]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365893581,"gmtCreate":1614721884043,"gmtModify":1704774403613,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Seems like market rotation, all EV sector is being flush now","listText":"Seems like market rotation, all EV sector is being flush now","text":"Seems like market rotation, all EV sector is being flush now","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/365893581","repostId":"1122180672","repostType":4,"repost":{"id":"1122180672","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614697099,"share":"https://ttm.financial/m/news/1122180672?lang=&edition=fundamental","pubTime":"2021-03-02 22:58","market":"us","language":"en","title":"NIO plunged more than 7%","url":"https://stock-news.laohu8.com/highlight/detail?id=1122180672","media":"老虎资讯综合","summary":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong re","content":"<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p></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>NIO plunged more than 7%</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\">\nNIO plunged more than 7%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-02 22:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 2)&nbsp;<a href=\"https://laohu8.com/S/NIO\">NIO Inc.</a>  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.</p><p>NIO plunged more than 7%.<img src=\"https://static.tigerbbs.com/b37a09b32e73be5620e2ffca84d7c7a8\" tg-width=\"1085\" tg-height=\"499\" referrerpolicy=\"no-referrer\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122180672","content_text":"(March 2) NIO Inc.  reported a wider-than-expected loss for its fourth quarter, but issued strong revenue guidance for the first quarter. The EV maker also announced a month-over-month drop in deliveries for February.NIO plunged more than 7%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":246,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3564561202843468","authorId":"3564561202843468","name":"Jillsyee","avatar":"https://static.tigerbbs.com/619b231f88d3c747b49a4d7316242005","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3564561202843468","idStr":"3564561202843468"},"content":"What’S the next sector to look at?","text":"What’S the next sector to look at?","html":"What’S the next sector to look at?"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142337335,"gmtCreate":1626132038627,"gmtModify":1703753823623,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"We are in a long bull&nbsp;","listText":"We are in a long bull&nbsp;","text":"We are in a long bull","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/142337335","repostId":"1119839711","repostType":4,"repost":{"id":"1119839711","kind":"news","pubTimestamp":1626126339,"share":"https://ttm.financial/m/news/1119839711?lang=&edition=fundamental","pubTime":"2021-07-13 05:45","market":"us","language":"en","title":"Dow narrowly misses first close at 35,000 but all 3 stock indexes log back-to-back record finishes ahead of bank earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1119839711","media":"MarketWatch","summary":"Dow ends just shy of 35,000 milestone.\n\nThe Dow Jones Industrial Average, S&P 500 index and Nasdaq C","content":"<blockquote>\n <b>Dow ends just shy of 35,000 milestone.</b>\n</blockquote>\n<p>The Dow Jones Industrial Average, S&amp;P 500 index and <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> Composite on Monday advanced to back-to-back record finishes, starting the week the way the ended last week.</p>\n<p>The record finish comes as investors await semiannual testimony from Federal Reserve Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> beginning Wednesday and a batch of economic reports throughout the week, the unofficial start of corporate quarterly results.</p>\n<p><b>How did stock benchmarks end?</b></p>\n<ul>\n <li>The Dow Jones Industrial AverageDJIA,+0.36%rose 126.02 points, or 0.4%, to end at a record 34,996.18.</li>\n <li>S&amp;P 500 indexSPX,+0.35%added 15.08 points, or 0.4%, closing at a record 4,384.63, after touching an intraday high at 4,386.68.</li>\n <li>Nasdaq Composite IndexCOMP,+0.21%advanced 31.32 points, or 0.2%, finishing at a record 14,733.24, after establishing an intraday all-time high at 14,761.08.</li>\n</ul>\n<p>On Friday, the Dow and S&amp;P 500 finished the session at record highs, booking weekly gains of about 0.2% and 0.4%, respectively. The Nasdaq Composite finished the week at an all-time high with a 0.4% weekly gain.</p>\n<p><b>What drove the market?</b></p>\n<p>Major stock indexes rose to back-to-back closing records on Monday. The advance came ahead of a number of key events that could serve as catalysts later in the week, including the unofficial start of earnings season, which<b><a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a> &amp; Co</b>.JPM,+1.43%will kick off Tuesday, Powell’s testimony on Capitol <a href=\"https://laohu8.com/S/HIL\">Hill</a>, and fresh readings on inflation.</p>\n<p>“People are thinking earnings are going to be strong and that may propel the market higher,” said John Carey, director of <a href=\"https://laohu8.com/S/EQR\">Equity</a> Income at Amundi U.S., adding that, for now, earnings have overshadowed uncertainty in <a href=\"https://laohu8.com/S/WASH\">Washington</a> over planned infrastructure spending and potentially higher corporate taxes.</p>\n<p>“Most people seem to be focused on the strength of the economy and the possibility of better earnings to support stock prices, which are definitely at high levels,” Carey told MarketWatch.</p>\n<p>Equity markets experienced a bout of turbulence last week before ending with a flourish, prompted partly by a drop in Treasury yields. Lower-bound rates for government debt had raised questions about the outlook for the U.S. economy in the recovery from the pandemic. The spread of the delta variant of COVID-19 has emerged as a concern, but so has the lofty valuations assigned to some segments of the market.</p>\n<p>Questions about the Fed’s monetary policy in the face of growing evidence of percolating inflation also have been blamed for some of the rocky trading.</p>\n<p>Yields for the 10-yearTMUBMUSD10Y,1.365%edged up less than a basis point to 1.362% on Monday, while the 30-year Treasury yieldsTMUBMUSD30Y,2.000%advanced by 1.2 basis points to 1.993%, near lows last seen in February.</p>\n<p>Federal Reserve Bank ofNew York President John <a href=\"https://laohu8.com/S/WMB\">Williams</a> told reportersMonday that conditions for scaling back its $120 billion a month bond-buying stimulus program have yet to be met.</p>\n<p>Although inflation and peak growth concerns continue to percolate andworry U.S. households, some strategists said those concerns may be “over-hyped” for markets.</p>\n<p>“Both the previous inflation concerns and the current peak growth concerns are likely over-extrapolated reflections of near-term trends that will not persist,” Glenmede’s team led by Jason Pride and Michael Reynolds, wrote in a Monday note.</p>\n<p>“Markets may remain volatile as they attempt to adjust to the rapidly&nbsp;evolving information flow during the ongoing recovery from the pandemic,” but those factors “should not be disruptive of markets longer term.”</p>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> also have been keeping an eye on delta-driven COVID infections. The U.S. leads the world with a total of 33.85 million COVID cases and in deaths with 607,156. Dr. Anthony Fauci said on Monday thatboosters weren’t needed for now, but duringa Sunday CNN inview said it was “horrifying”to see conservatives cheer for low vaccination rates, blaming “ideological rigidity” for hobbling the fight against the pandemic.</p>\n<p>“We have long warned that vaccinations would be unlikely to trigger a smooth transition to normalcy,” Ben May, <a href=\"https://laohu8.com/S/OXM\">Oxford</a> Economics’ director of global macro research wrote Monday.</p>\n<p>No key data were on deck Monday ahead of a busy week in economic reports, starting with a reading of consumer prices on Tuesday.</p>\n<p>Separately, investors also were focused on discussions among finance ministers from the G-20, who are trying to assess the potential implications of a proposal for a global minimum tax.</p>\n<p>“We need sustainable sources of revenue that do not rely on further taxing workers’ wages and exacerbating the economic disparities that we are all committed to reducing,” U.S. Treasury Secretary Janet Yellen said in a speech to European Union countries about revamping the corporate tax code internationally.</p>\n<p>“We need to put an end to corporations shifting capital income to low tax jurisdictions, and to accounting gimmicks that allow them to avoid paying their fair share,” she said.</p>\n<p><b>Which companies were in focus?</b></p>\n<ul>\n <li><b><a href=\"https://laohu8.com/S/AVGO\">Broadcom</a> Inc</b>.AVGO,+1.16%shares rose 1.2% Monday afterThe Wall Street Journal reportedthe chip and software company was in talks to buy SAS Institute Inc. in a deal that could value the smashup at $15 billion to $20 billion.</li>\n <li><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc</b>.AAPL,-0.42%&nbsp;shares fell 0.4% a day after a Delaware federal judgedismissed a Blix Inc. suit,saying it failed to demonstrate how Apple harmed competition in the mobile operating system market.</li>\n <li><b><a href=\"https://laohu8.com/S/LB\">L Brands Inc</a></b>.LB,+4.16%&nbsp;said it’s separating into two publiclytraded businesses next month, with theVictoria’s Secret &amp; Co.‘s underwear unit as “VSCO,” while the Bath &amp; BodyWorks Inc. arm under the “BBWI” ticker, starting Aug. 3.</li>\n <li><b><a href=\"https://laohu8.com/S/GME\">GameStop</a>&nbsp;Inc</b>.GME,-1.04%shares shed 1% Monday after Ascendiant Capital Markets lifted its 12-month price target to $25 from $10, but still nowhere near the company’s $189.25 closing price Monday.</li>\n <li>Weber, the maker of outdoor grills,has filed to go public, nearly 50 years after it’s iconic dome-like grill was made. Shares are set to&nbsp;trade on the <a href=\"https://laohu8.com/S/NWY\">New York</a> Stock Exchange under the ticker WEBR.</li>\n <li>Shares of<b><a href=\"https://laohu8.com/S/SPCE.WS\">Virgin Galactic Holdings Inc</a>.</b>&nbsp;SPCEskid 17.3% Monday, it’s largest daily percent slump since March 16, 2020, a day after founder Richard Branson and five crewmates successfully flew into&nbsp;suborbital space on the company’s VSS <a href=\"https://laohu8.com/S/UNTY\">Unity</a>&nbsp;rocket-powered spaceplane.</li>\n <li><b>Couchbase Inc</b>.&nbsp;BASE,&nbsp;a provider of a database for enterprise applications, set terms for its initial public offering on Monday, with plans to offer 7 million shares, priced at $20 to $23 each. The company has applied to list on Nasdaq, under the ticker ‘BASE.’</li>\n <li>Shares of<b>Moderna Inc</b>.&nbsp;MRNArose 2.8% Monday after the company said it would supply 20 million doses of its COVID-19 vaccine to Argentina.</li>\n <li>Shares of<b><a href=\"https://laohu8.com/S/SWI\">SolarWinds Corp</a>.</b>&nbsp;SWI&nbsp;were 1.8% lower Monday, even after the information technology infrastructure management software company provided an upbeat second-quarter revenue outlook.</li>\n</ul>\n<p><b>How did other assets trade?</b></p>\n<ul>\n <li>The ICE U.S. Dollar Index&nbsp;DXY,&nbsp;a measure of the currency against six major rivals, was up 0.1%.</li>\n <li>Oil futures closed lower Monday, with the U.S. benchmark&nbsp;CL00&nbsp;CL.1,-0.51%down 0.6% settling at $74.10 a barrel. Gold&nbsp;GC00&nbsp;settled 0.3% lower at $1,805.90 an ounce.</li>\n <li>In European equities, the Stoxx Europe 600&nbsp;SXXP&nbsp;closed 0.7% higher, while London’s <a href=\"https://laohu8.com/S/.100.UK\">FTSE 100</a>&nbsp;UKX&nbsp;finished up 0.05% on Monday.</li>\n <li>In <a href=\"https://laohu8.com/S/00662\">Asia</a>, the Shanghai Composite&nbsp;SHCOMP&nbsp;gained 0.7%, Hong Kong’s Hang Seng Index&nbsp;HSI&nbsp;rose 0.6% on the session and Japan’s Nikkei 225&nbsp;NIK&nbsp;rallied 2.3% on Monday.</li>\n</ul>","source":"lsy1603348471595","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>Dow narrowly misses first close at 35,000 but all 3 stock indexes log back-to-back record finishes ahead of bank earnings</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow narrowly misses first close at 35,000 but all 3 stock indexes log back-to-back record finishes ahead of bank earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 05:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/dow-set-for-pullback-from-records-tech-stocks-seen-buoyant-as-investors-await-earnings-powell-and-fresh-inflation-data-11626089989?mod=hp_LATEST><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dow ends just shy of 35,000 milestone.\n\nThe Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite on Monday advanced to back-to-back record finishes, starting the week the way the ended ...</p>\n\n<a href=\"https://www.marketwatch.com/story/dow-set-for-pullback-from-records-tech-stocks-seen-buoyant-as-investors-await-earnings-powell-and-fresh-inflation-data-11626089989?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/dow-set-for-pullback-from-records-tech-stocks-seen-buoyant-as-investors-await-earnings-powell-and-fresh-inflation-data-11626089989?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119839711","content_text":"Dow ends just shy of 35,000 milestone.\n\nThe Dow Jones Industrial Average, S&P 500 index and Nasdaq Composite on Monday advanced to back-to-back record finishes, starting the week the way the ended last week.\nThe record finish comes as investors await semiannual testimony from Federal Reserve Chairman Jerome Powell beginning Wednesday and a batch of economic reports throughout the week, the unofficial start of corporate quarterly results.\nHow did stock benchmarks end?\n\nThe Dow Jones Industrial AverageDJIA,+0.36%rose 126.02 points, or 0.4%, to end at a record 34,996.18.\nS&P 500 indexSPX,+0.35%added 15.08 points, or 0.4%, closing at a record 4,384.63, after touching an intraday high at 4,386.68.\nNasdaq Composite IndexCOMP,+0.21%advanced 31.32 points, or 0.2%, finishing at a record 14,733.24, after establishing an intraday all-time high at 14,761.08.\n\nOn Friday, the Dow and S&P 500 finished the session at record highs, booking weekly gains of about 0.2% and 0.4%, respectively. The Nasdaq Composite finished the week at an all-time high with a 0.4% weekly gain.\nWhat drove the market?\nMajor stock indexes rose to back-to-back closing records on Monday. The advance came ahead of a number of key events that could serve as catalysts later in the week, including the unofficial start of earnings season, whichJPMorgan Chase & Co.JPM,+1.43%will kick off Tuesday, Powell’s testimony on Capitol Hill, and fresh readings on inflation.\n“People are thinking earnings are going to be strong and that may propel the market higher,” said John Carey, director of Equity Income at Amundi U.S., adding that, for now, earnings have overshadowed uncertainty in Washington over planned infrastructure spending and potentially higher corporate taxes.\n“Most people seem to be focused on the strength of the economy and the possibility of better earnings to support stock prices, which are definitely at high levels,” Carey told MarketWatch.\nEquity markets experienced a bout of turbulence last week before ending with a flourish, prompted partly by a drop in Treasury yields. Lower-bound rates for government debt had raised questions about the outlook for the U.S. economy in the recovery from the pandemic. The spread of the delta variant of COVID-19 has emerged as a concern, but so has the lofty valuations assigned to some segments of the market.\nQuestions about the Fed’s monetary policy in the face of growing evidence of percolating inflation also have been blamed for some of the rocky trading.\nYields for the 10-yearTMUBMUSD10Y,1.365%edged up less than a basis point to 1.362% on Monday, while the 30-year Treasury yieldsTMUBMUSD30Y,2.000%advanced by 1.2 basis points to 1.993%, near lows last seen in February.\nFederal Reserve Bank ofNew York President John Williams told reportersMonday that conditions for scaling back its $120 billion a month bond-buying stimulus program have yet to be met.\nAlthough inflation and peak growth concerns continue to percolate andworry U.S. households, some strategists said those concerns may be “over-hyped” for markets.\n“Both the previous inflation concerns and the current peak growth concerns are likely over-extrapolated reflections of near-term trends that will not persist,” Glenmede’s team led by Jason Pride and Michael Reynolds, wrote in a Monday note.\n“Markets may remain volatile as they attempt to adjust to the rapidly evolving information flow during the ongoing recovery from the pandemic,” but those factors “should not be disruptive of markets longer term.”\nInvestors also have been keeping an eye on delta-driven COVID infections. The U.S. leads the world with a total of 33.85 million COVID cases and in deaths with 607,156. Dr. Anthony Fauci said on Monday thatboosters weren’t needed for now, but duringa Sunday CNN inview said it was “horrifying”to see conservatives cheer for low vaccination rates, blaming “ideological rigidity” for hobbling the fight against the pandemic.\n“We have long warned that vaccinations would be unlikely to trigger a smooth transition to normalcy,” Ben May, Oxford Economics’ director of global macro research wrote Monday.\nNo key data were on deck Monday ahead of a busy week in economic reports, starting with a reading of consumer prices on Tuesday.\nSeparately, investors also were focused on discussions among finance ministers from the G-20, who are trying to assess the potential implications of a proposal for a global minimum tax.\n“We need sustainable sources of revenue that do not rely on further taxing workers’ wages and exacerbating the economic disparities that we are all committed to reducing,” U.S. Treasury Secretary Janet Yellen said in a speech to European Union countries about revamping the corporate tax code internationally.\n“We need to put an end to corporations shifting capital income to low tax jurisdictions, and to accounting gimmicks that allow them to avoid paying their fair share,” she said.\nWhich companies were in focus?\n\nBroadcom Inc.AVGO,+1.16%shares rose 1.2% Monday afterThe Wall Street Journal reportedthe chip and software company was in talks to buy SAS Institute Inc. in a deal that could value the smashup at $15 billion to $20 billion.\nApple Inc.AAPL,-0.42% shares fell 0.4% a day after a Delaware federal judgedismissed a Blix Inc. suit,saying it failed to demonstrate how Apple harmed competition in the mobile operating system market.\nL Brands Inc.LB,+4.16% said it’s separating into two publiclytraded businesses next month, with theVictoria’s Secret & Co.‘s underwear unit as “VSCO,” while the Bath & BodyWorks Inc. arm under the “BBWI” ticker, starting Aug. 3.\nGameStop Inc.GME,-1.04%shares shed 1% Monday after Ascendiant Capital Markets lifted its 12-month price target to $25 from $10, but still nowhere near the company’s $189.25 closing price Monday.\nWeber, the maker of outdoor grills,has filed to go public, nearly 50 years after it’s iconic dome-like grill was made. Shares are set to trade on the New York Stock Exchange under the ticker WEBR.\nShares ofVirgin Galactic Holdings Inc. SPCEskid 17.3% Monday, it’s largest daily percent slump since March 16, 2020, a day after founder Richard Branson and five crewmates successfully flew into suborbital space on the company’s VSS Unity rocket-powered spaceplane.\nCouchbase Inc. BASE, a provider of a database for enterprise applications, set terms for its initial public offering on Monday, with plans to offer 7 million shares, priced at $20 to $23 each. The company has applied to list on Nasdaq, under the ticker ‘BASE.’\nShares ofModerna Inc. MRNArose 2.8% Monday after the company said it would supply 20 million doses of its COVID-19 vaccine to Argentina.\nShares ofSolarWinds Corp. SWI were 1.8% lower Monday, even after the information technology infrastructure management software company provided an upbeat second-quarter revenue outlook.\n\nHow did other assets trade?\n\nThe ICE U.S. Dollar Index DXY, a measure of the currency against six major rivals, was up 0.1%.\nOil futures closed lower Monday, with the U.S. benchmark CL00 CL.1,-0.51%down 0.6% settling at $74.10 a barrel. Gold GC00 settled 0.3% lower at $1,805.90 an ounce.\nIn European equities, the Stoxx Europe 600 SXXP closed 0.7% higher, while London’s FTSE 100 UKX finished up 0.05% on Monday.\nIn Asia, the Shanghai Composite SHCOMP gained 0.7%, Hong Kong’s Hang Seng Index HSI rose 0.6% on the session and Japan’s Nikkei 225 NIK rallied 2.3% on Monday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":121,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881519452,"gmtCreate":1631360883476,"gmtModify":1676530535546,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/881519452","repostId":"1105074635","repostType":4,"repost":{"id":"1105074635","kind":"news","pubTimestamp":1631321029,"share":"https://ttm.financial/m/news/1105074635?lang=&edition=fundamental","pubTime":"2021-09-11 08:43","market":"us","language":"en","title":"The S&P 500 Has Had a Good Run. Why Wall Street Thinks a Pullback Is Coming.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105074635","media":"Barrons","summary":"S&P 500 index funds will tumble by Christmas, one Wall Street strategist predicts. Not necessarily, ","content":"<p>S&amp;P 500 index funds will tumble by Christmas, one Wall Street strategist predicts. Not necessarily, says another—but they’ll lose money over the next decade. I can’t decide whether to panic or just sulk.</p>\n<p>The index decides the fate of more than $5 trillion in linked investor assets. My only exposure is in my retirement, joint, college, healthcare, and, come to think of it, all other investment accounts. I don’t think my Chipotle Rewards account is affected, but I haven’t read the small print.</p>\n<p>The concern, of course, is that S&amp;P 500 trackers have had it too good for too long. The index has returned 376% over the past decade, or close to 17% a year, compounded. Among active managers tasked with beating the index, four out of five failed during the 10 years through 2020.</p>\n<p>For Bogleheads, as devotees of the late Vanguard founder and indexing pioneer John Bogle call themselves, the explanation is simple: Stock-picking is futile. But if that’s so, the typical active manager should do no better or worse than indexes on underlying stock performance, and underperform only to the extent he or she charges extra fees. In fact, they have trailed over 10 years by an average of 2.5% a year. Stinking that badly is a skill of its own—one that theoretically shouldn’t exist.</p>\n<p>Another explanation is that the S&amp;P 500’s popularity has created its own tailwind. “Flows into index funds raise the prices of large stocks,” conclude researchers from Michigan State University, the London School of Economics, and the University of California, Irvine,in a working paper&nbsp;that has been circulating since late last year. By now, you’ve heard that five companies&nbsp;—&nbsp;Apple,Microsoft,Alphabet,Amazon.com,and&nbsp;Facebook—combined for one-quarter of the S&amp;P 500’s market value. But all are still growing nicely, so why worry now?</p>\n<p>This past Tuesday, Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, predicted a 10% to 15% slide for the S&amp;P 500 before year’s end, but she says that doesn’t make her bearish. She points out that most 12-month stretches contain a big pullback for the index, but that we haven’t had one since March 2020. Tech giants, she has noticed, have lately traded hand-in-hand with Treasuries, suggesting that investors have come to view them as havens.</p>\n<p>“Owning the index today in a global context is a relatively defensive position, and we believe that it’s time to play offense,” she says.</p>\n<p>In Shalett’s view, interest rates will rise as global economies rebound, putting pressure on stock valuations. She predicts upside earnings surprises and stock outperformance for cyclical sectors like financials, industrials, energy, and materials, and for some pockets of consumer services and healthcare. “We’re very excited about buying a lot of different stocks,” she says. “We’re just not super-psyched about owning the index.”</p>\n<p>On Wednesday, Bank of America Securities issued a similarly mixed signal. It raised its year-end S&amp;P 500 target from 3800 all the way to 4250, which sounds optimistic. But it referred to the change as a mark to market—something typically done obligingly by accountants, not enthusiastically by forecasters. Also, the new target implies a decline of 5% or so from recent levels. Indexers have already made an easy 20% this year, so why sweat a holiday haircut? Because the bank is also predicting a 10-year average loss in the index of 0.8% a year.</p>\n<p>It’s devilishly difficult to predict short-term stock market returns. I tend to follow such forecasts more for the rationales than the targets. But long-term returns might be more closely linked than short-term ones to starting valuations, making forecasting more feasible. BofA says one measure has predicted about 80% of 10-year returns for the S&amp;P 500 since 1987: the ratio of the index’s price to what the bank calls its normalized earnings for the past 12 months. A typical reading is 19. The latest is 29. That has nudged the model’s predicted 10-year return below zero for the first time since 1999.</p>\n<p>BofA’s prescription is to buy dividend-growers and inflation beneficiaries like energy, financials, and materials. It also likes small-cap stocks, which it says are more closely tied than large-caps to U.S. economic growth, and have valuations that point to positive 10-year returns.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The S&P 500 Has Had a Good Run. Why Wall Street Thinks a Pullback Is Coming.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe S&P 500 Has Had a Good Run. Why Wall Street Thinks a Pullback Is Coming.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-11 08:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/sp-500-index-is-looking-vulnerable-51631313125?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>S&P 500 index funds will tumble by Christmas, one Wall Street strategist predicts. Not necessarily, says another—but they’ll lose money over the next decade. I can’t decide whether to panic or just ...</p>\n\n<a href=\"https://www.barrons.com/articles/sp-500-index-is-looking-vulnerable-51631313125?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/sp-500-index-is-looking-vulnerable-51631313125?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105074635","content_text":"S&P 500 index funds will tumble by Christmas, one Wall Street strategist predicts. Not necessarily, says another—but they’ll lose money over the next decade. I can’t decide whether to panic or just sulk.\nThe index decides the fate of more than $5 trillion in linked investor assets. My only exposure is in my retirement, joint, college, healthcare, and, come to think of it, all other investment accounts. I don’t think my Chipotle Rewards account is affected, but I haven’t read the small print.\nThe concern, of course, is that S&P 500 trackers have had it too good for too long. The index has returned 376% over the past decade, or close to 17% a year, compounded. Among active managers tasked with beating the index, four out of five failed during the 10 years through 2020.\nFor Bogleheads, as devotees of the late Vanguard founder and indexing pioneer John Bogle call themselves, the explanation is simple: Stock-picking is futile. But if that’s so, the typical active manager should do no better or worse than indexes on underlying stock performance, and underperform only to the extent he or she charges extra fees. In fact, they have trailed over 10 years by an average of 2.5% a year. Stinking that badly is a skill of its own—one that theoretically shouldn’t exist.\nAnother explanation is that the S&P 500’s popularity has created its own tailwind. “Flows into index funds raise the prices of large stocks,” conclude researchers from Michigan State University, the London School of Economics, and the University of California, Irvine,in a working paper that has been circulating since late last year. By now, you’ve heard that five companies — Apple,Microsoft,Alphabet,Amazon.com,and Facebook—combined for one-quarter of the S&P 500’s market value. But all are still growing nicely, so why worry now?\nThis past Tuesday, Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, predicted a 10% to 15% slide for the S&P 500 before year’s end, but she says that doesn’t make her bearish. She points out that most 12-month stretches contain a big pullback for the index, but that we haven’t had one since March 2020. Tech giants, she has noticed, have lately traded hand-in-hand with Treasuries, suggesting that investors have come to view them as havens.\n“Owning the index today in a global context is a relatively defensive position, and we believe that it’s time to play offense,” she says.\nIn Shalett’s view, interest rates will rise as global economies rebound, putting pressure on stock valuations. She predicts upside earnings surprises and stock outperformance for cyclical sectors like financials, industrials, energy, and materials, and for some pockets of consumer services and healthcare. “We’re very excited about buying a lot of different stocks,” she says. “We’re just not super-psyched about owning the index.”\nOn Wednesday, Bank of America Securities issued a similarly mixed signal. It raised its year-end S&P 500 target from 3800 all the way to 4250, which sounds optimistic. But it referred to the change as a mark to market—something typically done obligingly by accountants, not enthusiastically by forecasters. Also, the new target implies a decline of 5% or so from recent levels. Indexers have already made an easy 20% this year, so why sweat a holiday haircut? Because the bank is also predicting a 10-year average loss in the index of 0.8% a year.\nIt’s devilishly difficult to predict short-term stock market returns. I tend to follow such forecasts more for the rationales than the targets. But long-term returns might be more closely linked than short-term ones to starting valuations, making forecasting more feasible. BofA says one measure has predicted about 80% of 10-year returns for the S&P 500 since 1987: the ratio of the index’s price to what the bank calls its normalized earnings for the past 12 months. A typical reading is 19. The latest is 29. That has nudged the model’s predicted 10-year return below zero for the first time since 1999.\nBofA’s prescription is to buy dividend-growers and inflation beneficiaries like energy, financials, and materials. It also likes small-cap stocks, which it says are more closely tied than large-caps to U.S. economic growth, and have valuations that point to positive 10-year returns.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":185061817,"gmtCreate":1623627484639,"gmtModify":1704207084941,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/185061817","repostId":"1132051258","repostType":4,"repost":{"id":"1132051258","kind":"news","pubTimestamp":1623625464,"share":"https://ttm.financial/m/news/1132051258?lang=&edition=fundamental","pubTime":"2021-06-14 07:04","market":"us","language":"en","title":"Musk says Tesla will accept bitcoin again as crypto miners use more clean energy","url":"https://stock-news.laohu8.com/highlight/detail?id=1132051258","media":"CNBC","summary":"Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.“When there’s confirmation of reasonable  clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk wrote in a tweet.The electric-car maker halted car purchases with bitcoin in mid-May due to concerns over how mining contributes to climate change.Musk was reacting to comments from Magda Wierzycka, C","content":"<div>\n<p>KEY POINTS\n\nTesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.\n“When there’s confirmation of reasonable ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/musk-tesla-will-accept-bitcoin-when-miners-use-clean-energy.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>Musk says Tesla will accept bitcoin again as crypto miners use more clean energy</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\">\nMusk says Tesla will accept bitcoin again as crypto miners use more clean energy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 07:04 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/13/musk-tesla-will-accept-bitcoin-when-miners-use-clean-energy.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nTesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.\n“When there’s confirmation of reasonable ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/13/musk-tesla-will-accept-bitcoin-when-miners-use-clean-energy.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/06/13/musk-tesla-will-accept-bitcoin-when-miners-use-clean-energy.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132051258","content_text":"KEY POINTS\n\nTesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.\n“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” Musk wrote in a tweet.\nThe electric-car maker halted car purchases with bitcoin in mid-May due to concerns over how mining contributes to climate change.\n\nTesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners.\n“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing bitcoin transactions.”\nMusk was reacting to comments from Magda Wierzycka, CEO of South African asset manager Sygnia, who said that Musk’s tweets on bitcoin prices were “market manipulation” and should have triggered an investigation by the U.S. Securities and Exchange Commission.\nTesla revealed in an SEC filing in February that it purchased $1.5 billion worth of bitcoin and said it would begin accepting bitcoin as a payment method for its products.\nHowever, the electric-car maker halted car purchases with bitcoin in mid-May due to concerns over how cryptocurrency mining, which requires banks of powerful computers, contributes to climate change.\n“We are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel,” Musk said in May.\nOn Sunday, Musk disputed Wierzycka’s allegations of market manipulation, explaining, “Tesla sold roughly 10% of its bitcoin holdings “to confirm BTC could be liquidated easily without moving market,” he said. During the first quarter,Tesla sold $272 million worth of “digital assets,”which helped it reduce operating losses by $101 million, the company revealed in its earnings statement.\nMusk’s comments on social media about cryptocurrency often send prices soaring or plummeting, but appeared to have little effect Sunday. Bitcoin was trading around $37,442, according to Coindesk, at around 2:30 pm ET, up more than 4% on the day.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":379111505,"gmtCreate":1618705471307,"gmtModify":1704714112210,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Slowly recover","listText":"Slowly recover","text":"Slowly recover","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/379111505","repostId":"1155509413","repostType":4,"repost":{"id":"1155509413","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618587639,"share":"https://ttm.financial/m/news/1155509413?lang=&edition=fundamental","pubTime":"2021-04-16 23:40","market":"us","language":"en","title":"Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ","url":"https://stock-news.laohu8.com/highlight/detail?id=1155509413","media":"Benzinga","summary":"Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the Wall Street Journal reports.Taiwan’s semiconductor wafer-fabrication factories  accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd .Taiwan","content":"<p>Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the&nbsp;Wall Street Journal reports.</p>\n<p>Taiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;(NYSE:&nbsp;TSM).</p>\n<p>Taiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.</p>\n<p><b>Samsung Electronics Co Ltd</b>&nbsp;(OTC:&nbsp;SSNLF) had to&nbsp;temporarily shut down&nbsp;two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer&nbsp;<b>Renesas Electronics Corp’s</b>&nbsp;(OTC:&nbsp;RNECF) Japanese plant was&nbsp;hampered by&nbsp;the February earthquake and a March fire.</p>\n<p>Taiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.</p>\n<p>Alternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated&nbsp;<b>Micron Technology Inc</b>&nbsp;(NASDAQ:&nbsp;MU), which had facilities in Taichung and Taoyuan.</p>\n<p>Hsinchu-based TSM and&nbsp;<b>United Microelectronics Corp</b>&nbsp;(NYSE:&nbsp;UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.</p>\n<p>TSM did not estimate any significant impact on operations despite the tight water supply.</p>\n<p>However, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.</p>\n<p>Taiwan introduced a drought disaster response agency in October.</p>\n<p>The government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.</p>\n<p>TSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.</p>\n<p>Germany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.</p>\n<p><b>Price action:</b>&nbsp;TSM shares traded flat at $118.35 on the last check Friday.</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>Taiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ</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\">\nTaiwan's Drought Poses Additional Threat To Looming Global Chip Crisis: WSJ\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-16 23:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the&nbsp;Wall Street Journal reports.</p>\n<p>Taiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer&nbsp;<b>Taiwan Semiconductor Manufacturing Co Ltd</b>&nbsp;(NYSE:&nbsp;TSM).</p>\n<p>Taiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.</p>\n<p><b>Samsung Electronics Co Ltd</b>&nbsp;(OTC:&nbsp;SSNLF) had to&nbsp;temporarily shut down&nbsp;two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer&nbsp;<b>Renesas Electronics Corp’s</b>&nbsp;(OTC:&nbsp;RNECF) Japanese plant was&nbsp;hampered by&nbsp;the February earthquake and a March fire.</p>\n<p>Taiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.</p>\n<p>Alternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated&nbsp;<b>Micron Technology Inc</b>&nbsp;(NASDAQ:&nbsp;MU), which had facilities in Taichung and Taoyuan.</p>\n<p>Hsinchu-based TSM and&nbsp;<b>United Microelectronics Corp</b>&nbsp;(NYSE:&nbsp;UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.</p>\n<p>TSM did not estimate any significant impact on operations despite the tight water supply.</p>\n<p>However, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.</p>\n<p>Taiwan introduced a drought disaster response agency in October.</p>\n<p>The government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.</p>\n<p>TSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.</p>\n<p>Germany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.</p>\n<p><b>Price action:</b>&nbsp;TSM shares traded flat at $118.35 on the last check Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSM":"台积电","MU":"美光科技"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155509413","content_text":"Taiwan’s severe drought could aggravate the ongoing global chip crisis as semiconductor producers required a massive water supply to clean the wafer base, etch patterns, polish layers and rinse components throughout the manufacturing process, the Wall Street Journal reports.\nTaiwan’s semiconductor wafer-fabrication factories (fabs) accounted for two-thirds of the global manufacturing capacity. Most of that capacity belonged to contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd (NYSE: TSM).\nTaiwan derived most of its water reserves from seasonal typhoons. However, a lack of storms last year had choked supplies, prompting the government to start water rationing for over a million businesses and residents.\nSamsung Electronics Co Ltd (OTC: SSNLF) had to temporarily shut down two of its Austin chip factories due to Texas weather anomalies. Auto chip manufacturer Renesas Electronics Corp’s (OTC: RNECF) Japanese plant was hampered by the February earthquake and a March fire.\nTaiwan’s three science industrial parks responsible for most of the chip-making facilities had to limit their water intake but were exempt from stoppages to date. However, it was affecting some of the companies.\nAlternative sources of water and acceleration of conservation would escalate the production costs after supply to one of its chip facilities were reduced, stated Micron Technology Inc (NASDAQ: MU), which had facilities in Taichung and Taoyuan.\nHsinchu-based TSM and United Microelectronics Corp (NYSE: UMC) had secured alternate water supply sources. TSM was also trying to utilize groundwater from their construction sites.\nTSM did not estimate any significant impact on operations despite the tight water supply.\nHowever, Taiwan’s water crisis fueled by climate change could jeopardize global chip production due to their high production concentration in the island country, stated its officials and scholars.\nTaiwan introduced a drought disaster response agency in October.\nThe government stopped the water supply for two days per week to some parts of the island from April. TSM aimed to reduce its water requirement per unit by 30% from 2010 levels by 2030.\nTSM accounted for around 4.5% of Taiwan’s GDP in 2018, and chip sales accounted for 64% of Taiwan’s export growth on average over the past five years.\nGermany has sought Taiwan’s assistance to secure chip supply for German car manufacturers.\nPrice action: TSM shares traded flat at $118.35 on the last check Friday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":159,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140828923,"gmtCreate":1625647569862,"gmtModify":1703745586732,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/140828923","repostId":"1132299796","repostType":4,"repost":{"id":"1132299796","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625645793,"share":"https://ttm.financial/m/news/1132299796?lang=&edition=fundamental","pubTime":"2021-07-07 16:16","market":"us","language":"en","title":"Didi shares fell more than 3% in premarket trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1132299796","media":"Tiger Newspress","summary":"Didi shares fell more than 3% in premarket trading.\nTwo Chinese popular mobile apps, Ant's Alipay an","content":"<p>Didi&nbsp;shares fell&nbsp;more&nbsp;than 3% in premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/31a745300689c8754119a2e79a0cef02\" tg-width=\"1276\" tg-height=\"632\" referrerpolicy=\"no-referrer\">Two&nbsp;Chinese popular mobile apps, Ant's Alipay and Tencent's Wechat, have suspended the light-version software of Didi Global Inc's ride hailing services in China to new users, a source familiar with the matter said.</p>\n<p>The light-version platforms, known as mini programmes, are smaller than common mobile apps and exist inside a super, or multifunction app, such as Alipay or Wechat.</p>\n<p>Didi also operates a standalone app. Last week China's cyberspace regulator ordered app stores to remove Didi's app and Didi has stopped new user registrations after the regulator said Didi illegally collected user data.</p>\n<p>Regulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, closing a loophole long-used by the country’s technology giants, according to people familiar with the matter.</p>\n<p>The China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994 and make no reference to companies registered in places like the Cayman Islands, said the people, asking not to be identified discussing a private matter. Once amended, the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., the people 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>Didi shares fell more than 3% in premarket trading.</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\">\nDidi shares fell more than 3% in premarket trading.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-07 16:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Didi&nbsp;shares fell&nbsp;more&nbsp;than 3% in premarket&nbsp;trading.</p>\n<p><img src=\"https://static.tigerbbs.com/31a745300689c8754119a2e79a0cef02\" tg-width=\"1276\" tg-height=\"632\" referrerpolicy=\"no-referrer\">Two&nbsp;Chinese popular mobile apps, Ant's Alipay and Tencent's Wechat, have suspended the light-version software of Didi Global Inc's ride hailing services in China to new users, a source familiar with the matter said.</p>\n<p>The light-version platforms, known as mini programmes, are smaller than common mobile apps and exist inside a super, or multifunction app, such as Alipay or Wechat.</p>\n<p>Didi also operates a standalone app. Last week China's cyberspace regulator ordered app stores to remove Didi's app and Didi has stopped new user registrations after the regulator said Didi illegally collected user data.</p>\n<p>Regulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, closing a loophole long-used by the country’s technology giants, according to people familiar with the matter.</p>\n<p>The China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994 and make no reference to companies registered in places like the Cayman Islands, said the people, asking not to be identified discussing a private matter. Once amended, the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., the people said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIDI":"滴滴(已退市)"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132299796","content_text":"Didi shares fell more than 3% in premarket trading.\nTwo Chinese popular mobile apps, Ant's Alipay and Tencent's Wechat, have suspended the light-version software of Didi Global Inc's ride hailing services in China to new users, a source familiar with the matter said.\nThe light-version platforms, known as mini programmes, are smaller than common mobile apps and exist inside a super, or multifunction app, such as Alipay or Wechat.\nDidi also operates a standalone app. Last week China's cyberspace regulator ordered app stores to remove Didi's app and Didi has stopped new user registrations after the regulator said Didi illegally collected user data.\nRegulators in Beijing are planning rule changes that would allow them to block a Chinese company from listing overseas even if the unit selling shares is incorporated outside China, closing a loophole long-used by the country’s technology giants, according to people familiar with the matter.\nThe China Securities Regulatory Commission is leading efforts to revise rules on overseas listings that have been in effect since 1994 and make no reference to companies registered in places like the Cayman Islands, said the people, asking not to be identified discussing a private matter. Once amended, the rules would require firms structured using the so-called Variable Interest Entity model to seek approval before going public in Hong Kong or the U.S., the people said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180526095,"gmtCreate":1623213676817,"gmtModify":1704198509841,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Holding till I see $10","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Holding till I see $10","text":"$Senseonics(SENS)$Holding till I see $10","images":[{"img":"https://static.tigerbbs.com/118070923c4edb8f083fbd3809484b28","width":"750","height":"1068"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/180526095","isVote":1,"tweetType":1,"viewCount":641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":377973002,"gmtCreate":1619492681606,"gmtModify":1704724857300,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Time has come&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Time has come&nbsp;","text":"$Luokung Technology Corp(LKCO)$Time has come","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/377973002","isVote":1,"tweetType":1,"viewCount":1240,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371341508,"gmtCreate":1618915378304,"gmtModify":1704716788927,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKNCY\">$Luckin Coffee(LKNCY)$</a>When’s the ER coming??","listText":"<a href=\"https://laohu8.com/S/LKNCY\">$Luckin Coffee(LKNCY)$</a>When’s the ER coming??","text":"$Luckin Coffee(LKNCY)$When’s the ER coming??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/371341508","isVote":1,"tweetType":1,"viewCount":886,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366747781,"gmtCreate":1614568171443,"gmtModify":1704772506386,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Looking good&nbsp;","listText":"Looking good&nbsp;","text":"Looking good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/366747781","repostId":"2116582728","repostType":4,"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9958565231,"gmtCreate":1673779496924,"gmtModify":1676538884560,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Time to buy when articles says don't buy&nbsp;","listText":"Time to buy when articles says don't buy&nbsp;","text":"Time to buy when articles says don't buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9958565231","repostId":"2303331301","repostType":4,"repost":{"id":"2303331301","kind":"highlight","pubTimestamp":1673754534,"share":"https://ttm.financial/m/news/2303331301?lang=&edition=fundamental","pubTime":"2023-01-15 11:48","market":"us","language":"en","title":"Is Nio Stock a Buy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2303331301","media":"Motley Fool","summary":"Nio's rise has been impressive, but the company is facing significant headwinds.","content":"<html><head></head><body><p>The Chinese electric vehicle maker <b>Nio</b> was a favorite among investors at the height of the pandemic. Part of the exuberance for the company came from an overly optimistic view of how fast EV companies will grow. But Nio&#39;s stock has fallen 60% over the past year. This huge drop has caused many investors to ask whether or not Nio is a good stock to buy right now.</p><p>To answer that question, let&#39;s take a closer look at what is going right for Nio right now, and what hurdles the company is facing.</p><h2>What&#39;s going right for Nio right now</h2><p>All start-up companies need a lot of cash to get off the ground, and Nio is doing fantastic on this front.</p><p>The company ended the third quarter with $7.2 billion in cash and cash equivalents, giving Nio plenty of money to keep its company running for a while.</p><p>Not only is Nio well-funded, but the company has also done an impressive job of ramping up vehicle deliveries over the past few years. In the fourth quarter vehicle deliveries rose 60% to 40,052. And for all of 2022 deliveries increased by 34% to 122,486.</p><p>Nio&#39;s revenue is also climbing quickly, with revenue up 32% to $1.8 billion in the third quarter. While Nio has already released its fourth-quarter delivery figures, it won&#39;t release its fourth-quarter financial results until next month.</p><p>Finally, Nio is benefiting from the fact that China is the world&#39;s largest automotive market, and EV adoption in the country is one of the highest globally.</p><p>In the first half of 2022, China accounted for 56% of global passenger EV sales -- up from 48% in 2021, according to Bloomberg research.</p><h2>What&#39;s going wrong for Nio</h2><p>Based on all of the above, it&#39;s not surprising that some investors have been bullish on Nio. But there are also some significant hurdles that the company faces that could slow down the company&#39;s growth story.</p><p>First, while Nio&#39;s deliveries have accelerated over the past few years, the company is facing a slowdown right now. The company said in a statement in December that it faced delivery and production challenges because of the recent coronavirus outbreak in China.</p><p>As a result, the company&#39;s deliveries of 40,000 vehicles for the fourth quarter were below management&#39;s original estimates of between 43,000 to 48,000 vehicles.</p><p>An economic slowdown would be problematic for Nio and other automakers, as consumers may be inclined to put off large purchases until the economy rebounds.</p><p>Some EV makers, including <b>Tesla</b>, have already had to cut vehicle prices in China to spur demand.</p><p>Making matters worse, Nio&#39;s gross margins are decreasing. In the third quarter Nio&#39;s gross margins fell to 13.3%, down from 20.3% in 2021 in the year-ago quarter.</p><p>An increase in battery costs, a decrease in government automotive credits, and an increase in investments all weighed down on Nio&#39;s margins.</p><h2>Nio stock isn&#39;t a buy right now</h2><p>Nio&#39;s stock may look cheap right now with the company&#39;s price-to-sales ratio of 2.7, but for all of the reasons listed above I&#39;d be hesitant to buy Nio stock right now.</p><p>Nio is still unprofitable, and with gross margins moving in the wrong direction there&#39;s still more uncertainty for Nio ahead.</p><p>All of this makes Nio a risky investment right now, and one that I think investors should avoid.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is Nio Stock a Buy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nio Stock a Buy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-01-15 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/01/13/is-nio-stock-a-buy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Chinese electric vehicle maker Nio was a favorite among investors at the height of the pandemic. Part of the exuberance for the company came from an overly optimistic view of how fast EV companies...</p>\n\n<a href=\"https://www.fool.com/investing/2023/01/13/is-nio-stock-a-buy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://www.fool.com/investing/2023/01/13/is-nio-stock-a-buy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2303331301","content_text":"The Chinese electric vehicle maker Nio was a favorite among investors at the height of the pandemic. Part of the exuberance for the company came from an overly optimistic view of how fast EV companies will grow. But Nio's stock has fallen 60% over the past year. This huge drop has caused many investors to ask whether or not Nio is a good stock to buy right now.To answer that question, let's take a closer look at what is going right for Nio right now, and what hurdles the company is facing.What's going right for Nio right nowAll start-up companies need a lot of cash to get off the ground, and Nio is doing fantastic on this front.The company ended the third quarter with $7.2 billion in cash and cash equivalents, giving Nio plenty of money to keep its company running for a while.Not only is Nio well-funded, but the company has also done an impressive job of ramping up vehicle deliveries over the past few years. In the fourth quarter vehicle deliveries rose 60% to 40,052. And for all of 2022 deliveries increased by 34% to 122,486.Nio's revenue is also climbing quickly, with revenue up 32% to $1.8 billion in the third quarter. While Nio has already released its fourth-quarter delivery figures, it won't release its fourth-quarter financial results until next month.Finally, Nio is benefiting from the fact that China is the world's largest automotive market, and EV adoption in the country is one of the highest globally.In the first half of 2022, China accounted for 56% of global passenger EV sales -- up from 48% in 2021, according to Bloomberg research.What's going wrong for NioBased on all of the above, it's not surprising that some investors have been bullish on Nio. But there are also some significant hurdles that the company faces that could slow down the company's growth story.First, while Nio's deliveries have accelerated over the past few years, the company is facing a slowdown right now. The company said in a statement in December that it faced delivery and production challenges because of the recent coronavirus outbreak in China.As a result, the company's deliveries of 40,000 vehicles for the fourth quarter were below management's original estimates of between 43,000 to 48,000 vehicles.An economic slowdown would be problematic for Nio and other automakers, as consumers may be inclined to put off large purchases until the economy rebounds.Some EV makers, including Tesla, have already had to cut vehicle prices in China to spur demand.Making matters worse, Nio's gross margins are decreasing. In the third quarter Nio's gross margins fell to 13.3%, down from 20.3% in 2021 in the year-ago quarter.An increase in battery costs, a decrease in government automotive credits, and an increase in investments all weighed down on Nio's margins.Nio stock isn't a buy right nowNio's stock may look cheap right now with the company's price-to-sales ratio of 2.7, but for all of the reasons listed above I'd be hesitant to buy Nio stock right now.Nio is still unprofitable, and with gross margins moving in the wrong direction there's still more uncertainty for Nio ahead.All of this makes Nio a risky investment right now, and one that I think investors should avoid.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189524946,"gmtCreate":1623282638285,"gmtModify":1704199892923,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Stay long guys ??","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Stay long guys ??","text":"$Senseonics(SENS)$Stay long guys ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189524946","isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114631729,"gmtCreate":1623071511861,"gmtModify":1704195417088,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Another good run today!!","listText":"<a href=\"https://laohu8.com/S/SENS\">$Senseonics(SENS)$</a>Another good run today!!","text":"$Senseonics(SENS)$Another good run today!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/114631729","isVote":1,"tweetType":1,"viewCount":1109,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":105363008,"gmtCreate":1620270529204,"gmtModify":1704341122536,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/105363008","repostId":"1176324368","repostType":2,"repost":{"id":"1176324368","kind":"news","pubTimestamp":1620270393,"share":"https://ttm.financial/m/news/1176324368?lang=&edition=fundamental","pubTime":"2021-05-06 11:06","market":"us","language":"en","title":"Cathie Wood continues to add shares of Skillz and Palantir","url":"https://stock-news.laohu8.com/highlight/detail?id=1176324368","media":"seeking alpha","summary":"Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies ","content":"<ul><li>Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies Inc.(NYSE:PLTR)to their actively&nbsp;managed exchange-traded funds. Yesterday, ARK Invest purchased over 3M shares of SKLZ and over 1.5M shares of PLTR.</li><li>Cathie Wood has added 2.7M shares of SKLZ to ARK Innovation ETF(NYSEARCA:ARKK)and 354K shares to ARK Next Generation Internet ETF(NYSEARCA:ARKW). SKLZ&nbsp;missed EPS by $0.02 and beat on revenue&nbsp;yesterday.</li><li>Examining PLTR, Wood added all shares right to ARKK, which now represents 1.48% of ARKK's holdings.</li><li>PLTR is also&nbsp;+116.00%&nbsp;since its launch back in September of 2020, but is now down nearly&nbsp;-52.00%&nbsp;since its all-time high back in January of this year.</li><li>Yesterday's Nasdaq sell&nbsp;off hit some growth ETFs, but Nasdaq futures are up so far&nbsp;+0.67%&nbsp;in pre-market trading.</li><li>ARKK is&nbsp;+1.54%&nbsp;in pre-market trading and closed yesterday at&nbsp;-3.10%.</li><li>ARKW is&nbsp;+1.69%&nbsp;in pre-market trading and closed yesterday at&nbsp;-2.71%.</li><li>SKLZ is&nbsp;+2.66%&nbsp;in pre-market trading and closed yesterday at&nbsp;-1.83%.</li><li>PLTR is&nbsp;+1.02%&nbsp;in pre-market trading and closed yesterday at&nbsp;-2.96%.</li><li>Cathie Wood's continued purchase of COIN shares now places ARK Invest with over $750M in total value in COIN versus all other ETFs combined, which essentially have $100M in total value.</li></ul>","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>Cathie Wood continues to add shares of Skillz and Palantir </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\">\nCathie Wood continues to add shares of Skillz and Palantir \n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-06 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://cms.laohu8.com/web/news/detail-add><strong>seeking alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies Inc.(NYSE:PLTR)to their actively managed exchange-traded funds. Yesterday, ARK Invest purchased over...</p>\n\n<a href=\"https://cms.laohu8.com/web/news/detail-add\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc.","SKLZ":"Skillz Inc","ARKK":"ARK Innovation ETF"},"source_url":"https://cms.laohu8.com/web/news/detail-add","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1176324368","content_text":"Cathie Wood's ARK Invest continues to add shares of Skillz Inc.(NYSE:SKLZ)and Palantir Technologies Inc.(NYSE:PLTR)to their actively managed exchange-traded funds. Yesterday, ARK Invest purchased over 3M shares of SKLZ and over 1.5M shares of PLTR.Cathie Wood has added 2.7M shares of SKLZ to ARK Innovation ETF(NYSEARCA:ARKK)and 354K shares to ARK Next Generation Internet ETF(NYSEARCA:ARKW). SKLZ missed EPS by $0.02 and beat on revenue yesterday.Examining PLTR, Wood added all shares right to ARKK, which now represents 1.48% of ARKK's holdings.PLTR is also +116.00% since its launch back in September of 2020, but is now down nearly -52.00% since its all-time high back in January of this year.Yesterday's Nasdaq sell off hit some growth ETFs, but Nasdaq futures are up so far +0.67% in pre-market trading.ARKK is +1.54% in pre-market trading and closed yesterday at -3.10%.ARKW is +1.69% in pre-market trading and closed yesterday at -2.71%.SKLZ is +2.66% in pre-market trading and closed yesterday at -1.83%.PLTR is +1.02% in pre-market trading and closed yesterday at -2.96%.Cathie Wood's continued purchase of COIN shares now places ARK Invest with over $750M in total value in COIN versus all other ETFs combined, which essentially have $100M in total value.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346168360,"gmtCreate":1618015128350,"gmtModify":1704705920095,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"That’s good","listText":"That’s good","text":"That’s good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/346168360","repostId":"1136941144","repostType":4,"repost":{"id":"1136941144","kind":"news","pubTimestamp":1617980884,"share":"https://ttm.financial/m/news/1136941144?lang=&edition=fundamental","pubTime":"2021-04-09 23:08","market":"us","language":"en","title":"Biden Boosts Health, Education in $1.52 Trillion Budget Request","url":"https://stock-news.laohu8.com/highlight/detail?id=1136941144","media":"Bloomberg","summary":"White House releases outline of budget request for 2022\nCongress likely to significantly reshape pla","content":"<ul>\n <li>White House releases outline of budget request for 2022</li>\n <li>Congress likely to significantly reshape plan in coming months</li>\n</ul>\n<p>President Joe Biden proposed major boosts in funding to combat inequality, disease and climate change as part of a $1.52 trillion budget request for 2022, part of his wider push to redefine the role of government in American lives.</p>\n<p>The administration’s outline, released by the White House Friday, kicks off a months-long process in which Congress is likely to significantly reshape the priorities, given stiff Republican opposition to many of the proposals. But the outline showcases how Biden is trying to bend the federal government toward a much greater role in the provision of health care and education.</p>\n<p>Combined with the $1.9 trillion pandemic-relief bill signed last month and a $2.25 trillion infrastructure-and-jobs proposal, the budget marks Biden’s third foray into using the power of the federal government to radically expand help for lower-income and middle-class Americans. A further social-spending package is also coming, all before Biden’s first 100 days have passed.</p>\n<p>Biden on Friday asked for a 15.9% jump in regular non-defense domestic spending for the fiscal year starting in October, with a more than 40% increase in education spending and a 23% jump for health. The overall budget request is an 8.4% boost from the current year, when excluding emergency spending for the pandemic.</p>\n<p>While there’s extra money for Internal Revenue Service enforcement, the plan doesn’t include the tax hikes on individuals that Biden is planning to unveil in coming weeks to help fund his broader expansion in fiscal spending.</p>\n<p><b>‘More Inclusive’</b></p>\n<p>There’s $14 billion extra to address climate change, $20 billion more for high-poverty schools and $6.5 billion for launching a new research agency to develop new treatments and cures for diseases -- along the lines of the Defense Department’s DARPA.</p>\n<p>“This moment of crisis is also a moment of possibility,” acting budget director Shalanda Young said in a message to lawmakers Friday. “Together, America has a chance not simply to go back to the way things were before the Covid-19 pandemic and economic downturn struck, but to begin building a better, stronger, more secure, more inclusive America.”</p>\n<p>The fiscal 2022 budget request comes on top of last week’s proposed eight-year infrastructure-led package, and a forthcoming, longer-term social-spending program expected to total around $1 trillion.</p>\n<p>Unlike those other proposals, the Democrats will need Republican votes in the Senate to pass the annual appropriations bills into which the budget is divided, according to the chamber’s rules. That means getting at least 10 GOP members aboard.</p>\n<p><b>Defense Spending</b></p>\n<p>Republican lawmakers are certain to take issue with many of Biden’s requests.</p>\n<p>The outline has $753 billion for defense programs in the upcoming fiscal year, which represents just a 1.7% increase -- significantly below the 4% to 5% bump advocated by GOP leaders, and a break with recent tradition of keeping defense and non-defense increases on the same scale.</p>\n<p>The White House argued that domestic investments have waned in recent years, and that Biden’s proposed boost on that side of the ledger would simply return the country’s non-defense spending to around the historic norm of 3.3% of gross domestic product.</p>\n<p>Biden includes no money for border-wall construction, canceling unspent funds from previous years, and has asked for $232 million more to study and investigate domestic terrorism in the wake of the insurrection by supporters of former President Donald Trump at the U.S. Capitol.</p>\n<p><b>No Caps</b></p>\n<p>The president’s 2022 request -- which involves just discretionary spending, and not entitlement programs like Medicare, Medicaid and Social Security -- comes without the budget caps that have been in place for a decade. The expiration of those caps, agreed to between the Obama administration and congressional Republicans, has been described by White House officials as an opportunity to pursue investments in areas like education, clean energy and public health.</p>\n<p>“Over the past decade, due in large measure to overly restrictive budget caps, the nation significantly under-invested in core public services, benefits and protections,” Young said.</p>\n<p>And though presidential budgets are routinely ignored on Capitol Hill, administration officials are hopeful the top-line numbers can offer an early guidepost for fellow Democrats who narrowly control both chambers of Congress.</p>\n<p>Priorities identified by the administration include:</p>\n<ul>\n <li>A $3.9 billion increase in funding to battle the opioid epidemic</li>\n <li>$232 million in new money for Department of Justice gun violence prevention programs</li>\n <li>More than $1.2 billion in new spending for aid to Central America, and asylum adjudication amid a surge of migrants at the U.S.-Mexico border.</li>\n</ul>\n<p>Biden is asking Congress to spend $14 billion more on climate programs across the U.S. government, with some $10 billion targeted to clean energy innovation. Much of the funding would go to Energy Department initiatives, including the Advanced Research Projects Agency for Climate, with support for high-risk ventures that offer the potential for changes in the way electricity is generated and used.</p>\n<p>He envisions a $1.4 billion increase for the National Oceanic and Atmospheric Administration, enabling greater work on climate observations and forecasting, and $600 million to buy electric vehicles and equipment for federal agencies such as the U.S. Postal Service, which is in theprocess of turning over its fleet. Another $800 million would go toward making public and assisted housing more energy efficient.</p>\n<p>Biden also calls for an additional $1.2 billion for the Internal Revenue Service to boost oversight of corporations and wealthy taxpayers and improve IRS customer service. It also calls for amulti-year allocation of $417 million to fund audits, which the White House hopes will bring in more revenues from businesses and wealthy taxpayers.</p>\n<p><b>Amtrak Money</b></p>\n<p>The Commerce Department would see a 28% increase --including a doubling of funds for manufacturing-related programs under the National Institute of Standards and Technology. Amtrak -- long favored by Biden -- receives a 35% increase.</p>\n<p>Biden’s budget proposal arrives months later than the usual timeline, and it lacks many of the details -- including plans for raising revenues, economic assumptions and a 10-year outlook -- that ordinarily accompany funding requests.</p>\n<p>Appropriations for 2022 need to be enacted before Oct. 1 to avert a government shutdown.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden Boosts Health, Education in $1.52 Trillion Budget Request</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; 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}\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\">\nBiden Boosts Health, Education in $1.52 Trillion Budget Request\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-09 23:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>White House releases outline of budget request for 2022\nCongress likely to significantly reshape plan in coming months\n\nPresident Joe Biden proposed major boosts in funding to combat inequality, ...</p>\n\n<a href=\"http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"http://bloomberg.com/news/articles/2021-04-09/biden-boosts-health-education-in-1-52-trillion-budget-request","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136941144","content_text":"White House releases outline of budget request for 2022\nCongress likely to significantly reshape plan in coming months\n\nPresident Joe Biden proposed major boosts in funding to combat inequality, disease and climate change as part of a $1.52 trillion budget request for 2022, part of his wider push to redefine the role of government in American lives.\nThe administration’s outline, released by the White House Friday, kicks off a months-long process in which Congress is likely to significantly reshape the priorities, given stiff Republican opposition to many of the proposals. But the outline showcases how Biden is trying to bend the federal government toward a much greater role in the provision of health care and education.\nCombined with the $1.9 trillion pandemic-relief bill signed last month and a $2.25 trillion infrastructure-and-jobs proposal, the budget marks Biden’s third foray into using the power of the federal government to radically expand help for lower-income and middle-class Americans. A further social-spending package is also coming, all before Biden’s first 100 days have passed.\nBiden on Friday asked for a 15.9% jump in regular non-defense domestic spending for the fiscal year starting in October, with a more than 40% increase in education spending and a 23% jump for health. The overall budget request is an 8.4% boost from the current year, when excluding emergency spending for the pandemic.\nWhile there’s extra money for Internal Revenue Service enforcement, the plan doesn’t include the tax hikes on individuals that Biden is planning to unveil in coming weeks to help fund his broader expansion in fiscal spending.\n‘More Inclusive’\nThere’s $14 billion extra to address climate change, $20 billion more for high-poverty schools and $6.5 billion for launching a new research agency to develop new treatments and cures for diseases -- along the lines of the Defense Department’s DARPA.\n“This moment of crisis is also a moment of possibility,” acting budget director Shalanda Young said in a message to lawmakers Friday. “Together, America has a chance not simply to go back to the way things were before the Covid-19 pandemic and economic downturn struck, but to begin building a better, stronger, more secure, more inclusive America.”\nThe fiscal 2022 budget request comes on top of last week’s proposed eight-year infrastructure-led package, and a forthcoming, longer-term social-spending program expected to total around $1 trillion.\nUnlike those other proposals, the Democrats will need Republican votes in the Senate to pass the annual appropriations bills into which the budget is divided, according to the chamber’s rules. That means getting at least 10 GOP members aboard.\nDefense Spending\nRepublican lawmakers are certain to take issue with many of Biden’s requests.\nThe outline has $753 billion for defense programs in the upcoming fiscal year, which represents just a 1.7% increase -- significantly below the 4% to 5% bump advocated by GOP leaders, and a break with recent tradition of keeping defense and non-defense increases on the same scale.\nThe White House argued that domestic investments have waned in recent years, and that Biden’s proposed boost on that side of the ledger would simply return the country’s non-defense spending to around the historic norm of 3.3% of gross domestic product.\nBiden includes no money for border-wall construction, canceling unspent funds from previous years, and has asked for $232 million more to study and investigate domestic terrorism in the wake of the insurrection by supporters of former President Donald Trump at the U.S. Capitol.\nNo Caps\nThe president’s 2022 request -- which involves just discretionary spending, and not entitlement programs like Medicare, Medicaid and Social Security -- comes without the budget caps that have been in place for a decade. The expiration of those caps, agreed to between the Obama administration and congressional Republicans, has been described by White House officials as an opportunity to pursue investments in areas like education, clean energy and public health.\n“Over the past decade, due in large measure to overly restrictive budget caps, the nation significantly under-invested in core public services, benefits and protections,” Young said.\nAnd though presidential budgets are routinely ignored on Capitol Hill, administration officials are hopeful the top-line numbers can offer an early guidepost for fellow Democrats who narrowly control both chambers of Congress.\nPriorities identified by the administration include:\n\nA $3.9 billion increase in funding to battle the opioid epidemic\n$232 million in new money for Department of Justice gun violence prevention programs\nMore than $1.2 billion in new spending for aid to Central America, and asylum adjudication amid a surge of migrants at the U.S.-Mexico border.\n\nBiden is asking Congress to spend $14 billion more on climate programs across the U.S. government, with some $10 billion targeted to clean energy innovation. Much of the funding would go to Energy Department initiatives, including the Advanced Research Projects Agency for Climate, with support for high-risk ventures that offer the potential for changes in the way electricity is generated and used.\nHe envisions a $1.4 billion increase for the National Oceanic and Atmospheric Administration, enabling greater work on climate observations and forecasting, and $600 million to buy electric vehicles and equipment for federal agencies such as the U.S. Postal Service, which is in theprocess of turning over its fleet. Another $800 million would go toward making public and assisted housing more energy efficient.\nBiden also calls for an additional $1.2 billion for the Internal Revenue Service to boost oversight of corporations and wealthy taxpayers and improve IRS customer service. It also calls for amulti-year allocation of $417 million to fund audits, which the White House hopes will bring in more revenues from businesses and wealthy taxpayers.\nAmtrak Money\nThe Commerce Department would see a 28% increase --including a doubling of funds for manufacturing-related programs under the National Institute of Standards and Technology. Amtrak -- long favored by Biden -- receives a 35% increase.\nBiden’s budget proposal arrives months later than the usual timeline, and it lacks many of the details -- including plans for raising revenues, economic assumptions and a 10-year outlook -- that ordinarily accompany funding requests.\nAppropriations for 2022 need to be enacted before Oct. 1 to avert a government shutdown.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9009222009,"gmtCreate":1640700833507,"gmtModify":1676533534913,"author":{"id":"3572907325602131","authorId":"3572907325602131","name":"Xkuanx","avatar":"https://static.tigerbbs.com/e90936aad3336fa7f5cc5bc70cbab1fc","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3572907325602131","idStr":"3572907325602131"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a>Will this ever drop ? Weare on the way to $1000 coming 2022. Expected revenue of $30bil or more , increase in dividen coming as well.. as good as any ETF.&nbsp;","listText":"<a href=\"https://ttm.financial/S/AVGO\">$Broadcom(AVGO)$</a>Will this ever drop ? Weare on the way to $1000 coming 2022. Expected revenue of $30bil or more , increase in dividen coming as well.. as good as any ETF.&nbsp;","text":"$Broadcom(AVGO)$Will this ever drop ? Weare on the way to $1000 coming 2022. Expected revenue of $30bil or more , increase in dividen coming as well.. as good as any ETF.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/9009222009","isVote":1,"tweetType":1,"viewCount":555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}