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2021-07-21

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2021-06-28

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Better Buy: Activision Blizzard vs. Take Two

2021-06-28

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2021-06-25

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2021-06-24

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JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion

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it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151682376","repostId":"2148181034","repostType":2,"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127992726,"gmtCreate":1624810743465,"gmtModify":1703845453792,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127992726","repostId":"2146000990","repostType":4,"repost":{"id":"2146000990","pubTimestamp":1624762068,"share":"https://ttm.financial/m/news/2146000990?lang=&edition=fundamental","pubTime":"2021-06-27 10:47","market":"us","language":"en","title":"Better Buy: Activision Blizzard vs. Take Two","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000990","media":"Motley Fool","summary":"Which top gaming stock will deliver the better return over the next five years?","content":"<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from <b>Sony</b>&nbsp;and <b>Microsoft</b>, are catalysts for the big game companies to sell more content into a wider installed base.</p>\n<p><b>Activision Blizzard</b> (NASDAQ:ATVI) and <b>Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> Interactive</b>&nbsp;(NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for <i>Call of Duty</i> and <i>World of Warcraft</i> and generates over $8 billion a year in bookings (a non-GAAP measure of revenue).&nbsp;Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a>'s <i>Grand Theft Auto V</i> has sold a staggering 145 million copies,&nbsp;which has pushed the company's bookings to over $3 billion.</p>\n<p>I'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30e93ec376dbf9d2b1e80588b2008646\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>The margin gap</h2>\n<p>Activision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings.&nbsp;It has a large player base of over 400 million monthly active users,&nbsp;and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.</p>\n<p>While Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011,&nbsp;is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since <i>Grand Theft Auto V</i>&nbsp;launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.</p>\n<p>Compared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf60ea29fdc7bd56d2ec45cb947ce369\" tg-width=\"720\" tg-height=\"387\"><span>ATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.</span></p>\n<p>If Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.</p>\n<p>Here are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>2021</th>\n   <th>2022</th>\n   <th>2023</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>42.8%</td>\n   <td>44.1%</td>\n   <td>45%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS</td>\n   <td>8.4%</td>\n   <td>18%</td>\n   <td>4.6%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance.</p>\n<p>Here are the same estimates for Take-Two.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>Fiscal 2022</th>\n   <th>Fiscal 2023</th>\n   <th>Fiscal 2024</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>19%</td>\n   <td>23.2%</td>\n   <td>24.6%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS (loss)</td>\n   <td>(28.5%)</td>\n   <td>49.9%</td>\n   <td>30.8%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance. Take-Two's fiscal year ends in March.</p>\n<p>Take-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years.&nbsp;It's&nbsp;hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.</p>\n<p>Beyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.</p>\n<h2>Take-Two stock is cheaper with more upside</h2>\n<p>Activision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business.&nbsp;But investors are paying a higher price for&nbsp;Activision's greater game diversity, and perceived lower business risk.</p>\n<p>Activision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6.&nbsp;But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.</p>\n<p>Take-Two's <i>Grand Theft Auto V</i> and <i>Red Dead Redemption 2</i> have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.</p>\n<p>Because of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Activision Blizzard vs. Take Two</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\">\nBetter Buy: Activision Blizzard vs. Take Two\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"source_url":"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000990","content_text":"The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from Sony and Microsoft, are catalysts for the big game companies to sell more content into a wider installed base.\nActivision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for Call of Duty and World of Warcraft and generates over $8 billion a year in bookings (a non-GAAP measure of revenue). Take-Two's Grand Theft Auto V has sold a staggering 145 million copies, which has pushed the company's bookings to over $3 billion.\nI'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.\nImage source: Getty Images.\nThe margin gap\nActivision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings. It has a large player base of over 400 million monthly active users, and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.\nWhile Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011, is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since Grand Theft Auto V launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.\nCompared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.\nATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.\nIf Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.\nHere are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.\n\n\n\nMetric\n2021\n2022\n2023\n\n\nAdjusted operating margin\n42.8%\n44.1%\n45%\n\n\nAdjusted EPS\n8.4%\n18%\n4.6%\n\n\n\nData source: Atom Finance.\nHere are the same estimates for Take-Two.\n\n\n\nMetric\nFiscal 2022\nFiscal 2023\nFiscal 2024\n\n\nAdjusted operating margin\n19%\n23.2%\n24.6%\n\n\nAdjusted EPS (loss)\n(28.5%)\n49.9%\n30.8%\n\n\n\nData source: Atom Finance. Take-Two's fiscal year ends in March.\nTake-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years. It's hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.\nBeyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.\nTake-Two stock is cheaper with more upside\nActivision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business. But investors are paying a higher price for Activision's greater game diversity, and perceived lower business risk.\nActivision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6. But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.\nTake-Two's Grand Theft Auto V and Red Dead Redemption 2 have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.\nBecause of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127992103,"gmtCreate":1624810695202,"gmtModify":1703845452979,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127992103","repostId":"1172710941","repostType":4,"isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122251382,"gmtCreate":1624624634846,"gmtModify":1703841991452,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122251382","repostId":"2146023165","repostType":4,"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128567790,"gmtCreate":1624524347610,"gmtModify":1703839281207,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128567790","repostId":"1166720474","repostType":4,"repost":{"id":"1166720474","pubTimestamp":1624523507,"share":"https://ttm.financial/m/news/1166720474?lang=&edition=fundamental","pubTime":"2021-06-24 16:31","market":"us","language":"en","title":"Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1166720474","media":"seekingalpha","summary":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low","content":"<p><b>Summary</b></p>\n<ul>\n <li>In recent months, I have been advocating buying Bank of America when interest rates are low.</li>\n <li>The Fed is finally explicitly acknowledging inflation risks.</li>\n <li>I am taking advantage of recent dip in the share price of banks.</li>\n <li>The release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.</li>\n <li>I have turned \"very bullish\" and have been accumulating the stock in recent days.</li>\n</ul>\n<p>The Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):</p>\n<p>The markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.</p>\n<p>When the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).</p>\n<p>The conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".</p>\n<p>My base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.</p>\n<p>So in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).</p>\n<p><b>The most interest rates sensitive bank</b></p>\n<p>BAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:</p>\n<p><img src=\"https://static.tigerbbs.com/ec53741ffe4bdcf3ba47e66278a8ff79\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>As you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).</p>\n<p>It is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.</p>\n<p><b>What is driving BAC interest rate sensitivity?</b></p>\n<p>BAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.</p>\n<p>These deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.</p>\n<p>Currently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.</p>\n<p>You can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.</p>\n<p>If you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.</p>\n<p><b>A CCAR winner</b></p>\n<p>The Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.</p>\n<p>I expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:</p>\n<p><img src=\"https://static.tigerbbs.com/43588f352e781a567b15e73f99313e89\" tg-width=\"640\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>As can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.</p>\n<p>As such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.</p>\n<p>Assuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.</p>\n<p>This should translate to increased dividends as well as massive buybacks.</p>\n<p><b>Final thoughts</b></p>\n<p>I see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.</p>\n<p>I have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner</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\">\nBank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166720474","content_text":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip in the share price of banks.\nThe release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.\nI have turned \"very bullish\" and have been accumulating the stock in recent days.\n\nThe Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):\nThe markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.\nWhen the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).\nThe conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".\nMy base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.\nSo in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).\nThe most interest rates sensitive bank\nBAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:\n\nAs you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).\nIt is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.\nWhat is driving BAC interest rate sensitivity?\nBAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.\nThese deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.\nCurrently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.\nYou can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.\nIf you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.\nA CCAR winner\nThe Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.\nI expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:\n\nAs can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.\nAs such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.\nAssuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.\nThis should translate to increased dividends as well as massive buybacks.\nFinal thoughts\nI see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.\nI have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167223672,"gmtCreate":1624272127596,"gmtModify":1703832081784,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167223672","repostId":"187527495","repostType":1,"repost":{"id":187527495,"gmtCreate":1623759917817,"gmtModify":1703818373848,"author":{"id":"3545283030659470","authorId":"3545283030659470","name":"亿航智能","avatar":"https://static.tigerbbs.com/ef016490dead4163e0a7206e661ce008","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3545283030659470","authorIdStr":"3545283030659470"},"themes":[],"title":"億航智能發佈2020年度業績報告","htmlText":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業<a target=\"_blank\" href=\"https://laohu8.com/S/EH\">$億航智能(EH)$</a>向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","listText":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業<a target=\"_blank\" href=\"https://laohu8.com/S/EH\">$億航智能(EH)$</a>向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","text":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業$億航智能(EH)$向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","images":[{"img":"https://static.tigerbbs.com/d930324c2e81ba50c73f2bbdcf65590f","width":"688","height":"6814"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187527495","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167223054,"gmtCreate":1624272110778,"gmtModify":1703832080639,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167223054","repostId":"187655265","repostType":1,"repost":{"id":187655265,"gmtCreate":1623753232853,"gmtModify":1704210549375,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3510558082622800","authorIdStr":"3510558082622800"},"themes":[],"title":"在線吃瓜，王思聰也會當舔狗？","htmlText":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","listText":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","text":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","images":[{"img":"https://static.tigerbbs.com/421733a1ede921acbccf779f82e553d6","width":"513","height":"9999"},{"img":"https://static.tigerbbs.com/8acfeb733a56e33d2f4e1d9407c2dfad","width":"595","height":"379"},{"img":"https://static.tigerbbs.com/9a6ab769b9c277228f369e671ca24628","width":"513","height":"9999"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187655265","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":34,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167229620,"gmtCreate":1624272089660,"gmtModify":1703832080141,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167229620","repostId":"169332878","repostType":1,"repost":{"id":169332878,"gmtCreate":1623816522690,"gmtModify":1703820371577,"author":{"id":"3494420044734025","authorId":"3494420044734025","name":"Lady_Susu","avatar":"https://static.tigerbbs.com/7655df6b0f443f50fb6475e358d661c0","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3494420044734025","authorIdStr":"3494420044734025"},"themes":[],"title":"驚天大瓜！王X聰和超美網紅孫一寧網上互撕，女生是真的美......","htmlText":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創&nbsp;魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","listText":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創&nbsp;魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","text":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創 魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","images":[{"img":"https://static.tigerbbs.com/e983a813369e7b7eafd627c65f012928","width":"1080","height":"1602"},{"img":"https://static.tigerbbs.com/3f0b377b74c2d02eff7012db4e5b20cc","width":"589","height":"635"},{"img":"https://static.tigerbbs.com/533e159509a35da320a65ab8fad34e5d","width":"589","height":"922"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169332878","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":102,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167220639,"gmtCreate":1624271961921,"gmtModify":1703832078832,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167220639","repostId":"1147979715","repostType":4,"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189651122,"gmtCreate":1623258641966,"gmtModify":1704199631385,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189651122","repostId":"2141266499","repostType":2,"repost":{"id":"2141266499","pubTimestamp":1623162640,"share":"https://ttm.financial/m/news/2141266499?lang=&edition=fundamental","pubTime":"2021-06-08 22:30","market":"us","language":"en","title":"Why These 3 Meme Stocks Can Be Good Long-Term Investments","url":"https://stock-news.laohu8.com/highlight/detail?id=2141266499","media":"Motley Fool","summary":"An influx of cash can fix a lot of problems.","content":"<p>There's no question about it. Meme stocks are risky. Any stock that is volatile enough that it can jump by more than 20% in a given day can send your portfolio on a wild roller coaster ride. However, that doesn't mean you should always avoid these types of stocks.</p>\n<p>Over the long term, stocks such as <b>Sundial Growers&nbsp;</b>(NASDAQ:SNDL),&nbsp;<b>GameStop&nbsp;</b>(NYSE:GME), and&nbsp;<b>AMC Entertainment&nbsp;</b>(NYSE:AMC) could turn out to be great investments. Although there is considerable risk with investing in these stocks, the potential returns may be significant.</p>\n<p><img src=\"https://static.tigerbbs.com/a645ba6ab64f3b1db95215ce833cd0f3\" tg-width=\"700\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p>\n<p>Image source: Getty Images.</p>\n<h3>1. Sundial Growers</h3>\n<p>Earlier this year, Sundial Growers' stock hit a high of $3.96. And while it's nowhere near that price today, the bullish activity that retail investors and speculators helped generate around Sundial allowed the company to raise millions through multiple share offerings. On May 7, Sundial reported an unrestricted cash balance of 753 million Canadian dollars, up from just CA$60 million at the start of the year.&nbsp;Since then, the company has been busy wheeling and dealing, even setting up a joint venture with SunStream Bancorp to pursue investments in the cannabis sector.</p>\n<p>Admittedly, I'm not a fan of Sundial for its existing business; its revenue has been falling and sales of CA$57 million over the past 12 months are less than the CA$72 million <b>OrganiGram</b> has generated over a similar time frame. And yet, Sundial has twice the market cap. But cash can create opportunities for the business. As Sundial acquires or invests in other cannabis companies, it can become a much stronger and more stable investment over the long run.</p>\n<h3>2. GameStop</h3>\n<p>The poster child for meme stocks is, without a doubt, GameStop. The video game retailer looked like its future was doomed in an era where people are making more of their purchases online. But there's hope for the company, with its new Chairman Ryan Cohen leading a transition toward e-commerce and away from brick-and-mortar stores. GameStop is also getting in on the non-fungible token (NFT) hype, recently launching a new site dedicated to NFTs and announcing that it is looking to hire a variety of positions for the new area of its business.</p>\n<p>Like Sundial, GameStop took advantage of its growing popularity -- its shares have soared more than 1,300% year to date (the pot stock has risen 140% while the <b>S&amp;P 500</b> is up just 12%) -- and it recently issued 3.5 million new shares to raise $551 million. All that additional cash can help fuel its transformation and allow the company to pursue other growth opportunities as they come up.</p>\n<p>The <a href=\"https://laohu8.com/S/AONE\">one</a> big risk with GameStop, however, is in determining what price to pay for the stock. While it may be appealing to buy if it falls below $150 (which is around its recent lows), it closed last week at $100 higher than that price. Even if you decide that GameStop is worth the risk, it's important to have a price in mind as this fast-moving stock has proven to be unpredictable this year.</p>\n<h3>3. AMC</h3>\n<p>Shares of AMC have skyrocketed even higher this year and are up more than 2,300%. However, the company is also the riskiest <a href=\"https://laohu8.com/S/AONE.U\">one</a> on this list. It faces significant challenges ahead with long-term debt totaling more than $5.4 billion. And with cash and cash equivalents of just $813 million as of March 31,&nbsp;it would have looked like an unlikely scenario for AMC to dig itself out of this hole. But its strong share price could help alleviate some of those concerns.</p>\n<p>On June 3, the company announced that it brought in $587 million from a new offering. That brings the total additional equity it has raised during the quarter to $1.2 billion. AMC is now exploring possible acquisitions within its industry, which could lure in more growth-oriented investors. Meanwhile, it is also seeking shareholder support to issue 25 million more shares.</p>\n<p>Now that the economy is opening back up and people are back to visiting movie theaters, the near future looks brighter for the company, especially with all that extra equity and the possible growth opportunities ahead. While there is still significant risk here -- AMC has burned through $1.3 billion in cash from its day-to-day operating activities over the past 12 months -- there is also potential for the company to rise in value. However, a lot of AMC's long-term success will ultimately depend on what opportunities it ends up pursuing, its debt load, and if demand returns to pre-pandemic levels. These are still some very big question marks today.</p>\n<p>But even if you're a risk taker, like with GameStop, you'll want to be careful with what price you pay for this incredibly volatile stock. AMC is just coming off a new 52-week high.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why These 3 Meme Stocks Can Be Good Long-Term Investments</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\">\nWhy These 3 Meme Stocks Can Be Good Long-Term Investments\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-08 22:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/08/why-these-3-meme-stocks-can-be-good-long-term-inve/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's no question about it. Meme stocks are risky. Any stock that is volatile enough that it can jump by more than 20% in a given day can send your portfolio on a wild roller coaster ride. However, ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/08/why-these-3-meme-stocks-can-be-good-long-term-inve/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站","SNDL":"SNDL Inc.","AMC":"AMC院线"},"source_url":"https://www.fool.com/investing/2021/06/08/why-these-3-meme-stocks-can-be-good-long-term-inve/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141266499","content_text":"There's no question about it. Meme stocks are risky. Any stock that is volatile enough that it can jump by more than 20% in a given day can send your portfolio on a wild roller coaster ride. However, that doesn't mean you should always avoid these types of stocks.\nOver the long term, stocks such as Sundial Growers (NASDAQ:SNDL), GameStop (NYSE:GME), and AMC Entertainment (NYSE:AMC) could turn out to be great investments. Although there is considerable risk with investing in these stocks, the potential returns may be significant.\n\nImage source: Getty Images.\n1. Sundial Growers\nEarlier this year, Sundial Growers' stock hit a high of $3.96. And while it's nowhere near that price today, the bullish activity that retail investors and speculators helped generate around Sundial allowed the company to raise millions through multiple share offerings. On May 7, Sundial reported an unrestricted cash balance of 753 million Canadian dollars, up from just CA$60 million at the start of the year. Since then, the company has been busy wheeling and dealing, even setting up a joint venture with SunStream Bancorp to pursue investments in the cannabis sector.\nAdmittedly, I'm not a fan of Sundial for its existing business; its revenue has been falling and sales of CA$57 million over the past 12 months are less than the CA$72 million OrganiGram has generated over a similar time frame. And yet, Sundial has twice the market cap. But cash can create opportunities for the business. As Sundial acquires or invests in other cannabis companies, it can become a much stronger and more stable investment over the long run.\n2. GameStop\nThe poster child for meme stocks is, without a doubt, GameStop. The video game retailer looked like its future was doomed in an era where people are making more of their purchases online. But there's hope for the company, with its new Chairman Ryan Cohen leading a transition toward e-commerce and away from brick-and-mortar stores. GameStop is also getting in on the non-fungible token (NFT) hype, recently launching a new site dedicated to NFTs and announcing that it is looking to hire a variety of positions for the new area of its business.\nLike Sundial, GameStop took advantage of its growing popularity -- its shares have soared more than 1,300% year to date (the pot stock has risen 140% while the S&P 500 is up just 12%) -- and it recently issued 3.5 million new shares to raise $551 million. All that additional cash can help fuel its transformation and allow the company to pursue other growth opportunities as they come up.\nThe one big risk with GameStop, however, is in determining what price to pay for the stock. While it may be appealing to buy if it falls below $150 (which is around its recent lows), it closed last week at $100 higher than that price. Even if you decide that GameStop is worth the risk, it's important to have a price in mind as this fast-moving stock has proven to be unpredictable this year.\n3. AMC\nShares of AMC have skyrocketed even higher this year and are up more than 2,300%. However, the company is also the riskiest one on this list. It faces significant challenges ahead with long-term debt totaling more than $5.4 billion. And with cash and cash equivalents of just $813 million as of March 31, it would have looked like an unlikely scenario for AMC to dig itself out of this hole. But its strong share price could help alleviate some of those concerns.\nOn June 3, the company announced that it brought in $587 million from a new offering. That brings the total additional equity it has raised during the quarter to $1.2 billion. AMC is now exploring possible acquisitions within its industry, which could lure in more growth-oriented investors. Meanwhile, it is also seeking shareholder support to issue 25 million more shares.\nNow that the economy is opening back up and people are back to visiting movie theaters, the near future looks brighter for the company, especially with all that extra equity and the possible growth opportunities ahead. While there is still significant risk here -- AMC has burned through $1.3 billion in cash from its day-to-day operating activities over the past 12 months -- there is also potential for the company to rise in value. However, a lot of AMC's long-term success will ultimately depend on what opportunities it ends up pursuing, its debt load, and if demand returns to pre-pandemic levels. These are still some very big question marks today.\nBut even if you're a risk taker, like with GameStop, you'll want to be careful with what price you pay for this incredibly volatile stock. AMC is just coming off a new 52-week high.","news_type":1},"isVote":1,"tweetType":1,"viewCount":165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":111136090,"gmtCreate":1622659134310,"gmtModify":1704188360894,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/111136090","repostId":"2138173820","repostType":2,"repost":{"id":"2138173820","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":1622125469,"share":"https://ttm.financial/m/news/2138173820?lang=&edition=fundamental","pubTime":"2021-05-27 22:24","market":"us","language":"en","title":"BRIEF-Canadian Solar Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed","url":"https://stock-news.laohu8.com/highlight/detail?id=2138173820","media":"Reuters","summary":"May 27 (Reuters) - Canadian Solar Inc   :   * CANADIAN SOLAR INC FILES FOR POTENTIAL MIXED SHELF OFF","content":"<html><body><p>May 27 (Reuters) - Canadian Solar Inc   :</p><p>   * <a href=\"https://laohu8.com/S/0XGH.UK\">CANADIAN SOLAR INC</a> FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING</p><p>   * CANADIAN SOLAR- MAY OFFER, SELL COMMON SHARES, PREFERRED SHARES, WARRANTS IN ANY COMBINATION FROM TIME TO TIME IN ONE OR MORE OFFERINGS</p><p>   * CANADIAN SOLAR INC -  IN ADDITION, FROM TIME TO TIME, SELLING SHAREHOLDERS MAY OFFER AND SELL CO'S COMMON SHARES HELD BY THEM</p><p>Source text -  Further company coverage:   </p><p> ((Reuters.Briefs@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>BRIEF-Canadian Solar Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed</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\">\nBRIEF-Canadian Solar Inc Files For Potential Mixed Shelf Offering; Size Not Disclosed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-27 22:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>May 27 (Reuters) - Canadian Solar Inc   :</p><p>   * <a href=\"https://laohu8.com/S/0XGH.UK\">CANADIAN SOLAR INC</a> FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING</p><p>   * CANADIAN SOLAR- MAY OFFER, SELL COMMON SHARES, PREFERRED SHARES, WARRANTS IN ANY COMBINATION FROM TIME TO TIME IN ONE OR MORE OFFERINGS</p><p>   * CANADIAN SOLAR INC -  IN ADDITION, FROM TIME TO TIME, SELLING SHAREHOLDERS MAY OFFER AND SELL CO'S COMMON SHARES HELD BY THEM</p><p>Source text -  Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CGEM":"Cullinan Therapeutics","LABP":"Landos Biopharma, Inc.","SANA":"Sana Biotechnology, Inc.","APR":"Apria, Inc.","CSIQ":"阿特斯太阳能","LHDX":"Lucira Health, Inc."},"source_url":"http://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":"2138173820","content_text":"May 27 (Reuters) - Canadian Solar Inc   :   * CANADIAN SOLAR INC FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED - SEC FILING   * CANADIAN SOLAR- MAY OFFER, SELL COMMON SHARES, PREFERRED SHARES, WARRANTS IN ANY COMBINATION FROM TIME TO TIME IN ONE OR MORE OFFERINGS   * CANADIAN SOLAR INC -  IN ADDITION, FROM TIME TO TIME, SELLING SHAREHOLDERS MAY OFFER AND SELL CO'S COMMON SHARES HELD BY THEMSource text -  Further company coverage:    ((Reuters.Briefs@thomsonreuters.com;))","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139341561,"gmtCreate":1621595720653,"gmtModify":1704360261969,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139341561","repostId":"1146351743","repostType":4,"repost":{"id":"1146351743","pubTimestamp":1621594735,"share":"https://ttm.financial/m/news/1146351743?lang=&edition=fundamental","pubTime":"2021-05-21 18:58","market":"us","language":"en","title":"Merck's Valuation Continues To Say 'BUY'","url":"https://stock-news.laohu8.com/highlight/detail?id=1146351743","media":"seekingalpha","summary":"Summary\n\nMerck is one of the largest positions in the pharmaceutical segment in my core portfolio. T","content":"<p><b>Summary</b></p>\n<ul>\n <li>Merck is one of the largest positions in the pharmaceutical segment in my core portfolio. The company is currently at roughly no P/L in terms of ROIC.</li>\n <li>I expect Merck to appreciate significantly over the coming years thanks to EPS growth as well as dividend growth.</li>\n <li>The company at current valuation is an excellent \"BUY\" with significant upside, even if there are some risks to the company at this point.</li>\n</ul>\n<p>Merck(NYSE:MRK)is one of my largest pharma/healthcare holdings in the entire portfolio, and for a very good reason. The company's valuation seen in relation to its historical multiples as well as realistic upsides and recent results show us a very positive sort of scenario with plenty of potential upsides.</p>\n<p>In this article, we'll go through a few of the reasons why I still invest in the company, and why I consider it one of the (though not the) best investments you can make into the space today.</p>\n<p><b>Merck - How has the company been doing?</b></p>\n<p>Merck is a massive company, with a huge pipeline, a humongous portfolio, and impressive sales. Unfortunately, those impressive sales took a slight downward turn the last quarter, with the company reporting YoY declining sales and EPS, even if it's in fairly low numbers of -1% in sales, and -9% in non-GAAP EPS performance during the quarter.</p>\n<p>The company continued to invest significant capital, $2.4B during 1Q20, in new development and paid out $1.6B in company dividends. The company also received some important approvals in Keytruda and oncology, as well as some positive results in HIV medication. The FDA approvedKeytrudafor use in certain types of cancer and heart failures, and there were positives news out of China and Japan as well.</p>\n<p>Segment-wise, Oncology is showing continued growth...</p>\n<p><img src=\"https://static.tigerbbs.com/270d5db8383687242cf8f902b8f9741a\" tg-width=\"490\" tg-height=\"471\">(Source: Merck)</p>\n<p>...withKeytrudabeing the star of the show in terms of absolute volume, but Lynparza outdoing it in terms of growth. In terms of vaccines, Merck hasn't participated in the COVID-19 vaccine trends or production, which has impacted performance significantly here. The company is experiencing double-digit declines in both Gardasil and Pneumovax, the latter down 36% YoY in terms of sales.</p>\n<p>These negatives trends, which are likely to persist somewhat, are weighed up by performance in hospitals, with Bridion sales up 11% or $340M YoY. The company also has its animal health segment, which is showing 15% YoY growth across the board, with companion sales increasing by 24% and livestock by 9%. This was a mix of animal intelligence products, parasiticides, and animal vaccines.</p>\n<p>A geographical YoY overview shows the company's weakness as a non-COVID 19 participant, with the exception of LATAM which went well...</p>\n<p><img src=\"https://static.tigerbbs.com/304ecba6662ea9bf45564c00329f25d8\" tg-width=\"640\" tg-height=\"318\">(Source: Merck)</p>\n<p>...but the overall message here is that any growth managed by the company has been more or less offset by the effects of COVID-19 and more. Overall sales are absolutely flat YoY.</p>\n<p>However, Merck expects things to improve in lock-step with lightning of restrictions and return of normalcy.</p>\n<p>The company has given us 2021E guidance, and that guidance brings to mind the analyst expectations upon which, in part, my positive Merck thesis rests. The company has updated its 2021E guidance as of 1Q21, and this guidance closer matches where overall analyst expectations have been going for the past quarter.</p>\n<p>Revenue guidance is unchanged, with a slightly negative effect on margins due to COVID-19, as well as a slight drop in overall GAAP EPS, with an assumed &lt;3% positive impact on non-GAAP EPS. Overall, the updated guidance very closely matches the previous one, further crystallizing the positive long-term thesis for the company.</p>\n<p>Merck also continues towards its planning of spinning off its Organon operations, containing its women's health &amp; Biosimilars, which will trade on the NYSE under the OGN ticker as of June 3rd, in less than a month. Besides this spin-off, Merck's portfolio remains attractive and well-filled with appealing brands and products that the company has added over the past few years, as well as having ongoing cooperations with many smaller and larger companies.</p>\n<p><img src=\"https://static.tigerbbs.com/7362a4b8cafbad663516c6b3e444a6bf\" tg-width=\"640\" tg-height=\"276\">(Source: Merck)</p>\n<p>The company's HIV development, for instance, is being facilitated through cooperation with Gilead(NASDAQ:GILD). The company has a strong 0-10+ year plan, which includes revenue growth, margins expansion and both inorganic and organic growth.</p>\n<p>The company expects to address more of its pipeline within the coming 5-10 years.</p>\n<p>I want to point out that despite the poor performance of the share for the past few months, the company's fundamentals and its dividend track record remain absolutely solid.</p>\n<p><img src=\"https://static.tigerbbs.com/c3be4580175b0af1aa18d1a18337d60f\" tg-width=\"571\" tg-height=\"268\">(Source: Merck)</p>\n<p>Two questions for Merck shareholders.</p>\n<p><b>First, what to do with any dividends, and the spin-off for shareholders of the new, traded company?</b></p>\n<p>The question is relevant since whenever a company spins off parts of its operations - in this case, 15% of Merck's revenue - the company's EPS available for dividends shrinks. Merck's dividend has a current NTM payout ratio of 38%, inclusive of the spin-off, which comes to really no worry at all given the dividend increases we've been seeing from Merck. Company EPS has been growing with impressive steps for the past 10 years.</p>\n<p><img src=\"https://static.tigerbbs.com/60e264631bf0e140618715125e10b492\" tg-width=\"452\" tg-height=\"359\">(Source: SimplySafeDividends)</p>\n<p>Part of this is thanks to extensive company buybacks, but the company has also managed to grow sales by nearly $10B in less than 7 years, all the while posting class-leading operating margins north of 30%.</p>\n<p>EPS should decrease around 10-15% from the spin-off, and the current expectation is that the spin-off will have no material impact on either the company's dividend growth or its long-term payout ratio. The fact is that the company has already confirmed this in the latest earnings call - the company is not going to cut or lower the dividend, and will in fact grow it to a 47-50% payout ratio (Source: Merck Earnings Call, 2020)</p>\n<p>However, the assets that the company is spinning off aren't exactly the crown jewels. Back in 2020, the company expected revenue growth in Organon to flat to negative in 2021 due to loss of exclusivity for several drugs. Organon hopes to achieve single-digit annual revenue growth following this, but the accuracy of these expectations is yet to be put to the test.</p>\n<p>Naturally, the company is talking up the opportunities in women's health, including fertility drugs, contraceptives, and other things in the biosimilar segments, but these will only account for 30% of Organon's revenues as of the latest calculations.</p>\n<p>Further, as of the latest financial data, Merck expects to pull an $8-$9B tax-free dividend from Organon, which will add debt to the company's balance sheet.</p>\n<p>The conclusion here that I currently see is that the company is spinning off some of the weaker assets, and the starting position for the new company, its ability to generate earnings and shareholder returns seems somewhat muddled.</p>\n<p>Because of this, I personally wouldn't go ahead and just invest in Organon. The latest news is that the dividend received from Merck will be a special dividend paid out during June 2nd, 2021, which will be significant for me given my own $38,000+ Merck position. Every Merck share will entitle the holder to 1/10th of one Organon share in the form of cash.</p>\n<p>Reasons for this? Lack of overall current visibility of earnings growth, a high potential leverage from the get-go (3-4X to EBITDA), potential margin issues to mention a few. Lack of knowledge and visibility, in the end, is enough for me to put my money elsewhere.</p>\n<p><b>Secondly, and as some other authors have alluded to, there's a potential problem for Merck here</b></p>\n<p>As any company that spins off part of its business, this transaction will weaken Merck's portfolio, which will become even more dependent on a few drugs. Three of its current blockbusters account to almost 40% of its revenues. Keytruda is growing for the treatment of lung cancers as well as other, and now almost represents a quarter of the company's sales. So for better or worse, for the foreseeable future, Merck will be very dependent on Keytruda until it loses patent protection in the year of 2028.</p>\n<p>This puts the demand on Merck to continue to build its drug portfolio to help soften the blow here. The $8-$9B from Organon will certainly serve to add some cushioning to the company's already strong liquidity profile, and also to build its R&amp;D further, even if the way to get the funding is essentially cutting off part of its own body.</p>\n<p>However - my view on Merck's existing portfolio is a positive one.</p>\n<p>There's continued cash flow, strong cash flow, expected from the company's portfolio, and the current patent protection gives us 7 years for Keytruda, 7 years for Gardasil, and 1-2 years for Januvia, which is around 7% for the company's sales.</p>\n<p>I expect that based on these trends, and the company's strong R&amp;D, the company will remain a strong business with safe trends for the next few years. It's AA-rated, with excellent leverage. Merck has announced that the dividend from Organon will be used for buybacks, not for inorganic growth or increasing the dividend.</p>\n<p>So, my conclusion is - don't buy Organon, invest the money in Merck or elsewhere at this time.</p>\n<p>Let's look at the valuation.</p>\n<p><b>Merck - What is the valuation?</b></p>\n<p>Merck's valuation continues to be one of the primary arguments for investing in the business. The current valuation trends clearly lag the company's reported and expected earnings trends.</p>\n<p><img src=\"https://static.tigerbbs.com/e39a81094c586691cb558dbc51e25c42\" tg-width=\"640\" tg-height=\"423\">(Source: F.A.S.T Graphs)</p>\n<p>History shows us that Merck can trade at depressed valuations for very extended periods of time - several years, only to normalize despite only modest earnings growth during reversal. Over the past year, the company hasn't appreciated to fair value, despite significantly growing earnings and expecting to grow them even further.</p>\n<p>The fact is, the undervaluation we see now is in the face of both the company's fundamentals, its valuation, analyst targets, expectations, and trends.</p>\n<p>The upside for this AA-rated giant is significant, coming in at around 16.5% annually to even a 15.5X P/E ratio, based on an average annual growth rate of 8.5% in terms of EPS. Eve trading essentially flat at 12.4X from today's 12.91X average P/E ratio, the upside to 2024E results is just north of 10% per year.</p>\n<p><img src=\"https://static.tigerbbs.com/7a0dd03966c5ace7335c72089554f594\" tg-width=\"640\" tg-height=\"467\">(Source: F.A.S.T Graphs)</p>\n<p>How likely are these targets? Let us just say that Merck has never failed to hit its analyst marks for the past 10 years, with a 10% Margin of error, making the company's targets if not guaranteed, at least very likely based on historical target accuracy.</p>\n<p>So what exactly is the downside here? Why is the company not reversing? A few notes. One of the reasons is likely to be the aforementioned spin-off, which has a tendency to worry certain investors as it's an uncertainty for Merck, despite the company having clarified its dividend ambitions.</p>\n<p>Another note that analysts that are more mellowed with regards to this company is the overreliance on Keytruda and other blockbuster drugs, which make up a significant portion of this company's revenues. 57% of total revenues are from six drugs alone, and these drugs are facing competition.</p>\n<p>However, historically, Merck has always been able to outperform and keep its EPS growth rate steady. There's very little reason the company should be unable to do the same in the long term here. The argument that Merck faces increased competition should, in my opinion, be seen as a fairly standard argument able to be made on the basis of any pharmaceutical company with blockbuster drugs facing competition. Not including in consideration the company's historical performance in these questions is to ignore the company's fundamental strengths.</p>\n<p>I consider the upside here to be very clear, and established both in fundamentals, history, forecasts, and analysis accuracy.</p>\n<p>Analyst targets reflect this upside as well.</p>\n<p><img src=\"https://static.tigerbbs.com/05589bb9d69a6dd3e7cd792e8f10fb9a\" tg-width=\"640\" tg-height=\"97\">(Source: S&amp;P Global, Google Sheets)</p>\n<p>Even S&amp;P Global analysts see an upside of nearly 20% of this company at current price levels.</p>\n<p>There is, simply put, very little to suggest that the company would have poor prospects to outperform over the coming few years.</p>\n<p>How to invest in Merck</p>\n<p><b>Option 1 - Long-term investment</b></p>\n<p>Merck's common share is where I consider an investment wise at this particular point in time. The common share offers upsides of over 15-20% to both forward estimates, current targets, and historical valuation levels.</p>\n<p>While puts are possible, I view the common shares as the most appealing way for a conservative dividend investor to invest in the company.</p>\n<p><b>Option 2 - Selling cash-secured puts</b></p>\n<p>Selling cash-covered put options is another good way to make money off a company while waiting for it to drop further and making money until then. Because of the company's position, and a lower price being even more appealing, this could make it perfect for a nice put.</p>\n<p>As of writing this article, I was able to find the following put.</p>\n<p><img src=\"https://static.tigerbbs.com/e94af35f617e432741927d6e29436485\" tg-width=\"507\" tg-height=\"382\">(Source: Author's Data, Google Sheets, Option data from IBKR/Yahoo Finance)</p>\n<p>This is a good put. The company hasn't traded at such levels for some time, and undervaluation at strike price is appealing. The capital outlay is relatively limited, though still well above $5000/contract, and the annualized yield of 6.22% is fairly good for Merck. The only drawback is the time - nearly 20 days until the contract expires.</p>\n<p>Given that I prefer to invest in the common share, you won't see me writing this put. I see a better overall upside in the common share. However, those of you wanting an option, this is a valid one, and not a bad one, as I see it.</p>\n<p><b>Option 3- Selling covered calls</b></p>\n<p>Covered calls are a no-go for me here. The available ones offer less than 2% annualized RoR for putting a position at risk for the chance of a very likely capital appreciation. The company just isn't in a good position for this sort of strategy.</p>\n<p><b>Thesis</b></p>\n<p>I've been tilting my investment capital heavily towards healthcare &amp; pharma for some months at this point, and I continue to do so. The appealing valuation and potential upsides in the investments speak for themselves. Merck is one of those potentials. Even if it's not the one with the highest upside - it's one with a very appealing conservative upside, and one trading well below 15X P/E, which I consider to be a fair value here.</p>\n<p>Because of this, conservative investors should take note of Merck as a potential investment for their portfolios. I don't advise anyone to aim for a larger position size than 3-4%, and my portfolio position in the company has now reached this size.</p>\n<p>For those of you not at such exposure, however, this is a potentially good opportunity. My five requirements for investment are as follows.</p>\n<ol>\n <li>This company is overall qualitative.</li>\n <li>This company is fundamentally safe/conservative &amp; well-run.</li>\n <li>This company pays a well-covered dividend.</li>\n <li>This company is currently cheap.</li>\n <li>This company has realistic upside based on earnings growth or multiple expansion/reversion.</li>\n</ol>\n<p>All of these 5 requirements, as I see it, are fulfilled with Merck. The company gives investors what they should require from an investment, starting with fundamentals and dividend history, and moving to positive estimates, upsides, and forecast accuracy.</p>\n<p>I don't consider any of the risks to be significant enough to warrant not investing here, and consider Merck a 20% undervalued \"BUY\" with a significant upside.</p>\n<p>Thank you for reading.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Merck's Valuation Continues To Say '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\">\nMerck's Valuation Continues To Say 'BUY'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 18:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430387-mercks-valuation-continues-to-say-buy><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nMerck is one of the largest positions in the pharmaceutical segment in my core portfolio. The company is currently at roughly no P/L in terms of ROIC.\nI expect Merck to appreciate ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430387-mercks-valuation-continues-to-say-buy\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MRK":"默沙东"},"source_url":"https://seekingalpha.com/article/4430387-mercks-valuation-continues-to-say-buy","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146351743","content_text":"Summary\n\nMerck is one of the largest positions in the pharmaceutical segment in my core portfolio. The company is currently at roughly no P/L in terms of ROIC.\nI expect Merck to appreciate significantly over the coming years thanks to EPS growth as well as dividend growth.\nThe company at current valuation is an excellent \"BUY\" with significant upside, even if there are some risks to the company at this point.\n\nMerck(NYSE:MRK)is one of my largest pharma/healthcare holdings in the entire portfolio, and for a very good reason. The company's valuation seen in relation to its historical multiples as well as realistic upsides and recent results show us a very positive sort of scenario with plenty of potential upsides.\nIn this article, we'll go through a few of the reasons why I still invest in the company, and why I consider it one of the (though not the) best investments you can make into the space today.\nMerck - How has the company been doing?\nMerck is a massive company, with a huge pipeline, a humongous portfolio, and impressive sales. Unfortunately, those impressive sales took a slight downward turn the last quarter, with the company reporting YoY declining sales and EPS, even if it's in fairly low numbers of -1% in sales, and -9% in non-GAAP EPS performance during the quarter.\nThe company continued to invest significant capital, $2.4B during 1Q20, in new development and paid out $1.6B in company dividends. The company also received some important approvals in Keytruda and oncology, as well as some positive results in HIV medication. The FDA approvedKeytrudafor use in certain types of cancer and heart failures, and there were positives news out of China and Japan as well.\nSegment-wise, Oncology is showing continued growth...\n(Source: Merck)\n...withKeytrudabeing the star of the show in terms of absolute volume, but Lynparza outdoing it in terms of growth. In terms of vaccines, Merck hasn't participated in the COVID-19 vaccine trends or production, which has impacted performance significantly here. The company is experiencing double-digit declines in both Gardasil and Pneumovax, the latter down 36% YoY in terms of sales.\nThese negatives trends, which are likely to persist somewhat, are weighed up by performance in hospitals, with Bridion sales up 11% or $340M YoY. The company also has its animal health segment, which is showing 15% YoY growth across the board, with companion sales increasing by 24% and livestock by 9%. This was a mix of animal intelligence products, parasiticides, and animal vaccines.\nA geographical YoY overview shows the company's weakness as a non-COVID 19 participant, with the exception of LATAM which went well...\n(Source: Merck)\n...but the overall message here is that any growth managed by the company has been more or less offset by the effects of COVID-19 and more. Overall sales are absolutely flat YoY.\nHowever, Merck expects things to improve in lock-step with lightning of restrictions and return of normalcy.\nThe company has given us 2021E guidance, and that guidance brings to mind the analyst expectations upon which, in part, my positive Merck thesis rests. The company has updated its 2021E guidance as of 1Q21, and this guidance closer matches where overall analyst expectations have been going for the past quarter.\nRevenue guidance is unchanged, with a slightly negative effect on margins due to COVID-19, as well as a slight drop in overall GAAP EPS, with an assumed <3% positive impact on non-GAAP EPS. Overall, the updated guidance very closely matches the previous one, further crystallizing the positive long-term thesis for the company.\nMerck also continues towards its planning of spinning off its Organon operations, containing its women's health & Biosimilars, which will trade on the NYSE under the OGN ticker as of June 3rd, in less than a month. Besides this spin-off, Merck's portfolio remains attractive and well-filled with appealing brands and products that the company has added over the past few years, as well as having ongoing cooperations with many smaller and larger companies.\n(Source: Merck)\nThe company's HIV development, for instance, is being facilitated through cooperation with Gilead(NASDAQ:GILD). The company has a strong 0-10+ year plan, which includes revenue growth, margins expansion and both inorganic and organic growth.\nThe company expects to address more of its pipeline within the coming 5-10 years.\nI want to point out that despite the poor performance of the share for the past few months, the company's fundamentals and its dividend track record remain absolutely solid.\n(Source: Merck)\nTwo questions for Merck shareholders.\nFirst, what to do with any dividends, and the spin-off for shareholders of the new, traded company?\nThe question is relevant since whenever a company spins off parts of its operations - in this case, 15% of Merck's revenue - the company's EPS available for dividends shrinks. Merck's dividend has a current NTM payout ratio of 38%, inclusive of the spin-off, which comes to really no worry at all given the dividend increases we've been seeing from Merck. Company EPS has been growing with impressive steps for the past 10 years.\n(Source: SimplySafeDividends)\nPart of this is thanks to extensive company buybacks, but the company has also managed to grow sales by nearly $10B in less than 7 years, all the while posting class-leading operating margins north of 30%.\nEPS should decrease around 10-15% from the spin-off, and the current expectation is that the spin-off will have no material impact on either the company's dividend growth or its long-term payout ratio. The fact is that the company has already confirmed this in the latest earnings call - the company is not going to cut or lower the dividend, and will in fact grow it to a 47-50% payout ratio (Source: Merck Earnings Call, 2020)\nHowever, the assets that the company is spinning off aren't exactly the crown jewels. Back in 2020, the company expected revenue growth in Organon to flat to negative in 2021 due to loss of exclusivity for several drugs. Organon hopes to achieve single-digit annual revenue growth following this, but the accuracy of these expectations is yet to be put to the test.\nNaturally, the company is talking up the opportunities in women's health, including fertility drugs, contraceptives, and other things in the biosimilar segments, but these will only account for 30% of Organon's revenues as of the latest calculations.\nFurther, as of the latest financial data, Merck expects to pull an $8-$9B tax-free dividend from Organon, which will add debt to the company's balance sheet.\nThe conclusion here that I currently see is that the company is spinning off some of the weaker assets, and the starting position for the new company, its ability to generate earnings and shareholder returns seems somewhat muddled.\nBecause of this, I personally wouldn't go ahead and just invest in Organon. The latest news is that the dividend received from Merck will be a special dividend paid out during June 2nd, 2021, which will be significant for me given my own $38,000+ Merck position. Every Merck share will entitle the holder to 1/10th of one Organon share in the form of cash.\nReasons for this? Lack of overall current visibility of earnings growth, a high potential leverage from the get-go (3-4X to EBITDA), potential margin issues to mention a few. Lack of knowledge and visibility, in the end, is enough for me to put my money elsewhere.\nSecondly, and as some other authors have alluded to, there's a potential problem for Merck here\nAs any company that spins off part of its business, this transaction will weaken Merck's portfolio, which will become even more dependent on a few drugs. Three of its current blockbusters account to almost 40% of its revenues. Keytruda is growing for the treatment of lung cancers as well as other, and now almost represents a quarter of the company's sales. So for better or worse, for the foreseeable future, Merck will be very dependent on Keytruda until it loses patent protection in the year of 2028.\nThis puts the demand on Merck to continue to build its drug portfolio to help soften the blow here. The $8-$9B from Organon will certainly serve to add some cushioning to the company's already strong liquidity profile, and also to build its R&D further, even if the way to get the funding is essentially cutting off part of its own body.\nHowever - my view on Merck's existing portfolio is a positive one.\nThere's continued cash flow, strong cash flow, expected from the company's portfolio, and the current patent protection gives us 7 years for Keytruda, 7 years for Gardasil, and 1-2 years for Januvia, which is around 7% for the company's sales.\nI expect that based on these trends, and the company's strong R&D, the company will remain a strong business with safe trends for the next few years. It's AA-rated, with excellent leverage. Merck has announced that the dividend from Organon will be used for buybacks, not for inorganic growth or increasing the dividend.\nSo, my conclusion is - don't buy Organon, invest the money in Merck or elsewhere at this time.\nLet's look at the valuation.\nMerck - What is the valuation?\nMerck's valuation continues to be one of the primary arguments for investing in the business. The current valuation trends clearly lag the company's reported and expected earnings trends.\n(Source: F.A.S.T Graphs)\nHistory shows us that Merck can trade at depressed valuations for very extended periods of time - several years, only to normalize despite only modest earnings growth during reversal. Over the past year, the company hasn't appreciated to fair value, despite significantly growing earnings and expecting to grow them even further.\nThe fact is, the undervaluation we see now is in the face of both the company's fundamentals, its valuation, analyst targets, expectations, and trends.\nThe upside for this AA-rated giant is significant, coming in at around 16.5% annually to even a 15.5X P/E ratio, based on an average annual growth rate of 8.5% in terms of EPS. Eve trading essentially flat at 12.4X from today's 12.91X average P/E ratio, the upside to 2024E results is just north of 10% per year.\n(Source: F.A.S.T Graphs)\nHow likely are these targets? Let us just say that Merck has never failed to hit its analyst marks for the past 10 years, with a 10% Margin of error, making the company's targets if not guaranteed, at least very likely based on historical target accuracy.\nSo what exactly is the downside here? Why is the company not reversing? A few notes. One of the reasons is likely to be the aforementioned spin-off, which has a tendency to worry certain investors as it's an uncertainty for Merck, despite the company having clarified its dividend ambitions.\nAnother note that analysts that are more mellowed with regards to this company is the overreliance on Keytruda and other blockbuster drugs, which make up a significant portion of this company's revenues. 57% of total revenues are from six drugs alone, and these drugs are facing competition.\nHowever, historically, Merck has always been able to outperform and keep its EPS growth rate steady. There's very little reason the company should be unable to do the same in the long term here. The argument that Merck faces increased competition should, in my opinion, be seen as a fairly standard argument able to be made on the basis of any pharmaceutical company with blockbuster drugs facing competition. Not including in consideration the company's historical performance in these questions is to ignore the company's fundamental strengths.\nI consider the upside here to be very clear, and established both in fundamentals, history, forecasts, and analysis accuracy.\nAnalyst targets reflect this upside as well.\n(Source: S&P Global, Google Sheets)\nEven S&P Global analysts see an upside of nearly 20% of this company at current price levels.\nThere is, simply put, very little to suggest that the company would have poor prospects to outperform over the coming few years.\nHow to invest in Merck\nOption 1 - Long-term investment\nMerck's common share is where I consider an investment wise at this particular point in time. The common share offers upsides of over 15-20% to both forward estimates, current targets, and historical valuation levels.\nWhile puts are possible, I view the common shares as the most appealing way for a conservative dividend investor to invest in the company.\nOption 2 - Selling cash-secured puts\nSelling cash-covered put options is another good way to make money off a company while waiting for it to drop further and making money until then. Because of the company's position, and a lower price being even more appealing, this could make it perfect for a nice put.\nAs of writing this article, I was able to find the following put.\n(Source: Author's Data, Google Sheets, Option data from IBKR/Yahoo Finance)\nThis is a good put. The company hasn't traded at such levels for some time, and undervaluation at strike price is appealing. The capital outlay is relatively limited, though still well above $5000/contract, and the annualized yield of 6.22% is fairly good for Merck. The only drawback is the time - nearly 20 days until the contract expires.\nGiven that I prefer to invest in the common share, you won't see me writing this put. I see a better overall upside in the common share. However, those of you wanting an option, this is a valid one, and not a bad one, as I see it.\nOption 3- Selling covered calls\nCovered calls are a no-go for me here. The available ones offer less than 2% annualized RoR for putting a position at risk for the chance of a very likely capital appreciation. The company just isn't in a good position for this sort of strategy.\nThesis\nI've been tilting my investment capital heavily towards healthcare & pharma for some months at this point, and I continue to do so. The appealing valuation and potential upsides in the investments speak for themselves. Merck is one of those potentials. Even if it's not the one with the highest upside - it's one with a very appealing conservative upside, and one trading well below 15X P/E, which I consider to be a fair value here.\nBecause of this, conservative investors should take note of Merck as a potential investment for their portfolios. I don't advise anyone to aim for a larger position size than 3-4%, and my portfolio position in the company has now reached this size.\nFor those of you not at such exposure, however, this is a potentially good opportunity. My five requirements for investment are as follows.\n\nThis company is overall qualitative.\nThis company is fundamentally safe/conservative & well-run.\nThis company pays a well-covered dividend.\nThis company is currently cheap.\nThis company has realistic upside based on earnings growth or multiple expansion/reversion.\n\nAll of these 5 requirements, as I see it, are fulfilled with Merck. The company gives investors what they should require from an investment, starting with fundamentals and dividend history, and moving to positive estimates, upsides, and forecast accuracy.\nI don't consider any of the risks to be significant enough to warrant not investing here, and consider Merck a 20% undervalued \"BUY\" with a significant upside.\nThank you for reading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":139341146,"gmtCreate":1621595703185,"gmtModify":1704360261637,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/139341146","repostId":"1148612426","repostType":4,"repost":{"id":"1148612426","pubTimestamp":1621594848,"share":"https://ttm.financial/m/news/1148612426?lang=&edition=fundamental","pubTime":"2021-05-21 19:00","market":"us","language":"en","title":"Disney: On A Pricey Stock And A Studio Comeback","url":"https://stock-news.laohu8.com/highlight/detail?id=1148612426","media":"seekingalpha","summary":"Summary\n\nDisney is still an expensive stock.\nThe rebound for parks is coming, as well as the one for","content":"<p><b>Summary</b></p>\n<ul>\n <li>Disney is still an expensive stock.</li>\n <li>The rebound for parks is coming, as well as the one for the studio segment.</li>\n <li>D+ subscription numbers did disappoint, but over time, the current news won't matter.</li>\n <li>I am bullish on the premium-video-on-demand/day-and-date strategy Disney is employing for its next features (I wish the next Pixar film was using it as well).</li>\n <li>CEO Bob Chapek made an interesting observation about the strategy, relating it to \"The Mandalorian.\"</li>\n</ul>\n<p>Here's the bottom line at the top: Disney (DIS) will bounce back from the current SARS crisis as vaccinations continue; for now, though, the stock continues to rate as expensive.</p>\n<p>It's a weird position to be in, for sure: the parks are once again open, as mentioned in the recentearnings report, the movie business is rebooting, and Covid-19 cases seem to be heading in the right direction (although I continue to be cautious vis a vis the variants and their potential impact).</p>\n<p>However, the exuberance afforded the D+ streaming service caused the stock to get ahead of itself. Disney, to me, is a core holding considering that the company owns Pixar, Marvel, etc. Nevertheless, I'd be remiss if I didn't point out some of the valuation concerns. I also want to emphasize that I am bullish on the shares for the long term.</p>\n<p>I wanted to get that upfront before I take a brief look at the company's current status. The parks tend to get the most attention these days (for obvious reasons) after direct-to-consumer, but I will focus in on theatrical distribution, as I think that will be key toward bringing attention to both the Disney brand generally and the streaming service specifically.</p>\n<p><b>Disappointing Streaming Numbers...?</b></p>\n<p>First, though, I want to highlight thesubscriber countfor D+. That came in at 103.6 million users versus an expectation of 109.3 million. Over the long term, this current discrepancy will be meaningless. And, in fact, those looking to get the company on the lower end of its 52-week range should root for Wall Street to become even more bearish on the stat over the next several weeks. (I don't think we'll see the actual low, though.)</p>\n<p>However, I do have to admit that I was surprised by this stat as well. I'm not sure I necessarily had a specific subscriber-count in mind, but on reflection, I suppose if someone had asked me, I would have considered a number between 110 million and 115 million. Near the first week of March, the company announced it had reached100 millionsubscribers. Given the momentum behind D+ signups and its popular content, as well as the natural marketing buzz implied by the 100-million level, it just feels correct to have assumed a higher amount. Nevertheless, according to theearnings-call transcriptand comments from CEO Bob Chapek, the company is still on a proper trajectory to reach between 230 million and 260 million subscribers by 2024. Intuitively, one would assume there is the possibility that a new range beginning with 260 million will eventually be projected, unless the benefit from the pandemic effect truly is beginning to fade. Overall, I'm willing to put this expectation-miss in the rearview mirror.</p>\n<p><b>Disney's Studio Segment Will Return Strong</b></p>\n<p>The great thing about the studio segment is that, even with the multiplex industry at a standstill, it was able to weather the storm fine enough, in part, because of the absence of marketing costs (which causes me to point out yet again that studio execs really need to focus some time on this and find opportunities where inexpensive selling campaigns can be substituted for the more expensive variety). Operating income for the new reporting division called Disney Media and Entertainment Distribution, which includes movie-studio activities as well as all the rest of the content ecosystem, was up well over 70% to just under $2.9 billion. For the six-month frame, the gain in income was 38% to $4.3 billion. Obviously, it wasn't all about the marketing costs, but nevertheless, when you compare it to the tough comps at the parks segment, you begin to appreciate the diversity of the company. We now know how good an anchor business the studio can be.</p>\n<p>And that business is about to become stronger relative to the status quo because theaters are readying for the next level of reopening. AT&amp;T's (T)<i>Godzilla vs. Kong</i>has brought in over $400 million across global screens. Disney has a few potential hits the next few months with<i>Cruella</i>,<i>Black Widow</i>, and<i>Jungle Cruise</i>. It also will get a new round of valuable data with the day-and-date release strategy being used since the films will also be available on D+ for a price of $30; this gives consumers who don't want to chance a run-in with SARS variants at auditoriums the option of paying a premium to stay home and take in the moving pictures. Hopefully execs will see fit to share some of the results where it concerns the premium-video-on-demand revenues, especially for<i>Widow</i>, which will represent a great experiment to see how a true tentpole performs under hybrid-release conditions.</p>\n<p>Covering another angle, I think Disney may be making a mistake by placing the next Pixar project,<i>Luca</i>, on D+ sans the premium fee. I am curious how that would have performed with the $30 price tag. Obviously Disney has more data than I do, but I would have assumed this to be another great test that the company may not have another chance at in the near future. The service clearly benefited from the early debut of Pixar cartoons, but Disney should have perhaps attempted to do at least a hybrid release, or a near day-and-date release (i.e., maybe go to D+ a month after theatrical debut), and then see how domestic-multiplex audiences reacted to the placement. One of the previous Pixar stories,<i>Onward</i>, was released in February of last year, only to hit digital-transactional sales a month later, and then D+ two weeks after that;<i>Soul</i>, you'll recall, premiered on the platform during the Christmas holiday, with no domestic-theatrical release. The<i>Luca</i>strategy makes me wonder if the company is seeking a new catalytic engine for the next round of subscriber growth. Even more odd, you will recall that<i>Hamilton</i>and<i>Artemis Fowl</i>also debuted on the service without any paywall. While one could make an argument that those two projects were more logically distributed, the thing about a Pixar feature is the assumed premium the market is willing to pay for it. Perhaps that premium is more narrow in breadth than a Marvel extravaganza. Like I say, Disney may be simply reading the data and acting accordingly, but it makes me extremely curious nevertheless.</p>\n<p>Content, of course, will ultimately drive subscriptions, and volume is important. Management clearly recognizes this given the packed schedule of shows and films to be released on D+ over the next few years. I think the company will also create more promotional features for upcoming films as a cheap way of increasing the volume of content. This will increase the synergy between studio and streamer and will potentially positively impact the high cost of marketing campaigns. Disney probably has only scratched the surface when it comes to using its direct-to-consumer services for cross-promotion, so it'll be something to watch in the coming years as these services expand in importance to the company.</p>\n<p>Chapek also mentioned a very interesting point when asked about the company's decision to release<i>Widow</i>to D+ for a fee and in theaters at the same time. The analyst, Brett Feldman of Goldman Sachs, wondered if there should be at least a little exclusivity to the debut in theaters. Chapek cited a notable observation having to do with<i>The Mandalorian</i>: he said that the company was quite pleased with merchandise sales off a series that never had a theatrical release. He seems to be implying that a<i>Star-Wars</i>-branded episodic asset, one that is nonetheless cinematic in nature and full of great production value, can provide ample ancillary effects for the company in a similar manner to a theatrical release - thus, something like<i>Widow</i>, which would have previously been under a distribution-window strategy, can still provide value for the company's other assets even if some ticket sales are swapped for subscription signups, and by proxy, should maximize revenue by presenting optionality to the consumer. I tend to agree with this and believe the company will look to experiment further with day-and-date (or near day-and-date) strategies into the future.</p>\n<p><b>Valuation/Conclusion</b></p>\n<p>There's no question Disney is going to capture a lot of the potential economic demand built up by the pandemic. Parks and movies will see to that. Over the longer term, this stock will do well.</p>\n<p>But, just on the basis of current stock valuation, I continue to see this as an expensive float. SA'svaluationreport basically tells the tale. As an example, the adjusted P/E on a forward basis is over 70 at the time of this writing, multiple times the sector median.</p>\n<p>Yes, Disney's business model will bounce back strong, but I'm currently not adding to my position. I want to see more of a drop first as I still find the stock a bit rich in terms of valuation.</p>\n<p>Disney turned out to be a complicated situation during the pandemic: the market continued to bid the stock higher and may have gotten ahead of itself. Usually I'm for dollar-cost-averaging this name, especially for individuals who are in the early stages of investing, and certainly that approach can be taken depending on one's situation and time horizon. But for now, I've been adding to other names while holding on to my long-term position and watching the tape.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Disney: On A Pricey Stock And A Studio Comeback</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\">\nDisney: On A Pricey Stock And A Studio Comeback\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-21 19:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4430391-disney-on-a-pricey-stock-and-studio-comeback><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDisney is still an expensive stock.\nThe rebound for parks is coming, as well as the one for the studio segment.\nD+ subscription numbers did disappoint, but over time, the current news won't ...</p>\n\n<a href=\"https://seekingalpha.com/article/4430391-disney-on-a-pricey-stock-and-studio-comeback\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"https://seekingalpha.com/article/4430391-disney-on-a-pricey-stock-and-studio-comeback","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1148612426","content_text":"Summary\n\nDisney is still an expensive stock.\nThe rebound for parks is coming, as well as the one for the studio segment.\nD+ subscription numbers did disappoint, but over time, the current news won't matter.\nI am bullish on the premium-video-on-demand/day-and-date strategy Disney is employing for its next features (I wish the next Pixar film was using it as well).\nCEO Bob Chapek made an interesting observation about the strategy, relating it to \"The Mandalorian.\"\n\nHere's the bottom line at the top: Disney (DIS) will bounce back from the current SARS crisis as vaccinations continue; for now, though, the stock continues to rate as expensive.\nIt's a weird position to be in, for sure: the parks are once again open, as mentioned in the recentearnings report, the movie business is rebooting, and Covid-19 cases seem to be heading in the right direction (although I continue to be cautious vis a vis the variants and their potential impact).\nHowever, the exuberance afforded the D+ streaming service caused the stock to get ahead of itself. Disney, to me, is a core holding considering that the company owns Pixar, Marvel, etc. Nevertheless, I'd be remiss if I didn't point out some of the valuation concerns. I also want to emphasize that I am bullish on the shares for the long term.\nI wanted to get that upfront before I take a brief look at the company's current status. The parks tend to get the most attention these days (for obvious reasons) after direct-to-consumer, but I will focus in on theatrical distribution, as I think that will be key toward bringing attention to both the Disney brand generally and the streaming service specifically.\nDisappointing Streaming Numbers...?\nFirst, though, I want to highlight thesubscriber countfor D+. That came in at 103.6 million users versus an expectation of 109.3 million. Over the long term, this current discrepancy will be meaningless. And, in fact, those looking to get the company on the lower end of its 52-week range should root for Wall Street to become even more bearish on the stat over the next several weeks. (I don't think we'll see the actual low, though.)\nHowever, I do have to admit that I was surprised by this stat as well. I'm not sure I necessarily had a specific subscriber-count in mind, but on reflection, I suppose if someone had asked me, I would have considered a number between 110 million and 115 million. Near the first week of March, the company announced it had reached100 millionsubscribers. Given the momentum behind D+ signups and its popular content, as well as the natural marketing buzz implied by the 100-million level, it just feels correct to have assumed a higher amount. Nevertheless, according to theearnings-call transcriptand comments from CEO Bob Chapek, the company is still on a proper trajectory to reach between 230 million and 260 million subscribers by 2024. Intuitively, one would assume there is the possibility that a new range beginning with 260 million will eventually be projected, unless the benefit from the pandemic effect truly is beginning to fade. Overall, I'm willing to put this expectation-miss in the rearview mirror.\nDisney's Studio Segment Will Return Strong\nThe great thing about the studio segment is that, even with the multiplex industry at a standstill, it was able to weather the storm fine enough, in part, because of the absence of marketing costs (which causes me to point out yet again that studio execs really need to focus some time on this and find opportunities where inexpensive selling campaigns can be substituted for the more expensive variety). Operating income for the new reporting division called Disney Media and Entertainment Distribution, which includes movie-studio activities as well as all the rest of the content ecosystem, was up well over 70% to just under $2.9 billion. For the six-month frame, the gain in income was 38% to $4.3 billion. Obviously, it wasn't all about the marketing costs, but nevertheless, when you compare it to the tough comps at the parks segment, you begin to appreciate the diversity of the company. We now know how good an anchor business the studio can be.\nAnd that business is about to become stronger relative to the status quo because theaters are readying for the next level of reopening. AT&T's (T)Godzilla vs. Konghas brought in over $400 million across global screens. Disney has a few potential hits the next few months withCruella,Black Widow, andJungle Cruise. It also will get a new round of valuable data with the day-and-date release strategy being used since the films will also be available on D+ for a price of $30; this gives consumers who don't want to chance a run-in with SARS variants at auditoriums the option of paying a premium to stay home and take in the moving pictures. Hopefully execs will see fit to share some of the results where it concerns the premium-video-on-demand revenues, especially forWidow, which will represent a great experiment to see how a true tentpole performs under hybrid-release conditions.\nCovering another angle, I think Disney may be making a mistake by placing the next Pixar project,Luca, on D+ sans the premium fee. I am curious how that would have performed with the $30 price tag. Obviously Disney has more data than I do, but I would have assumed this to be another great test that the company may not have another chance at in the near future. The service clearly benefited from the early debut of Pixar cartoons, but Disney should have perhaps attempted to do at least a hybrid release, or a near day-and-date release (i.e., maybe go to D+ a month after theatrical debut), and then see how domestic-multiplex audiences reacted to the placement. One of the previous Pixar stories,Onward, was released in February of last year, only to hit digital-transactional sales a month later, and then D+ two weeks after that;Soul, you'll recall, premiered on the platform during the Christmas holiday, with no domestic-theatrical release. TheLucastrategy makes me wonder if the company is seeking a new catalytic engine for the next round of subscriber growth. Even more odd, you will recall thatHamiltonandArtemis Fowlalso debuted on the service without any paywall. While one could make an argument that those two projects were more logically distributed, the thing about a Pixar feature is the assumed premium the market is willing to pay for it. Perhaps that premium is more narrow in breadth than a Marvel extravaganza. Like I say, Disney may be simply reading the data and acting accordingly, but it makes me extremely curious nevertheless.\nContent, of course, will ultimately drive subscriptions, and volume is important. Management clearly recognizes this given the packed schedule of shows and films to be released on D+ over the next few years. I think the company will also create more promotional features for upcoming films as a cheap way of increasing the volume of content. This will increase the synergy between studio and streamer and will potentially positively impact the high cost of marketing campaigns. Disney probably has only scratched the surface when it comes to using its direct-to-consumer services for cross-promotion, so it'll be something to watch in the coming years as these services expand in importance to the company.\nChapek also mentioned a very interesting point when asked about the company's decision to releaseWidowto D+ for a fee and in theaters at the same time. The analyst, Brett Feldman of Goldman Sachs, wondered if there should be at least a little exclusivity to the debut in theaters. Chapek cited a notable observation having to do withThe Mandalorian: he said that the company was quite pleased with merchandise sales off a series that never had a theatrical release. He seems to be implying that aStar-Wars-branded episodic asset, one that is nonetheless cinematic in nature and full of great production value, can provide ample ancillary effects for the company in a similar manner to a theatrical release - thus, something likeWidow, which would have previously been under a distribution-window strategy, can still provide value for the company's other assets even if some ticket sales are swapped for subscription signups, and by proxy, should maximize revenue by presenting optionality to the consumer. I tend to agree with this and believe the company will look to experiment further with day-and-date (or near day-and-date) strategies into the future.\nValuation/Conclusion\nThere's no question Disney is going to capture a lot of the potential economic demand built up by the pandemic. Parks and movies will see to that. Over the longer term, this stock will do well.\nBut, just on the basis of current stock valuation, I continue to see this as an expensive float. SA'svaluationreport basically tells the tale. As an example, the adjusted P/E on a forward basis is over 70 at the time of this writing, multiple times the sector median.\nYes, Disney's business model will bounce back strong, but I'm currently not adding to my position. I want to see more of a drop first as I still find the stock a bit rich in terms of valuation.\nDisney turned out to be a complicated situation during the pandemic: the market continued to bid the stock higher and may have gotten ahead of itself. Usually I'm for dollar-cost-averaging this name, especially for individuals who are in the early stages of investing, and certainly that approach can be taken depending on one's situation and time horizon. But for now, I've been adding to other names while holding on to my long-term position and watching the tape.","news_type":1},"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195745643,"gmtCreate":1621320897982,"gmtModify":1704355736521,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195745643","repostId":"190872054","repostType":1,"repost":{"id":190872054,"gmtCreate":1620612987075,"gmtModify":1704345525891,"author":{"id":"3502860692623653","authorId":"3502860692623653","name":"爱上趋势股","avatar":"https://static.tigerbbs.com/17f4521614b0cae62aff9fa7fa80fa77","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3502860692623653","authorIdStr":"3502860692623653"},"themes":[],"title":"別盯着特斯拉、蔚來了，美國鋼鐵都漲上天了！","htmlText":"別盯着<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\"></a><a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\"></a><a href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a> 了，美國鋼鐵都漲上天了！ 很多朋友說今年美股不好做，我發現了這裏的緣由。 因爲大家還沉浸在去年 <a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\"></a><a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/NIO\"></a><a href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a> 那波輝煌的新能源汽車行情中，久久不能自拔。 2020年新能源漲了一整年，那麼今年調整一整年就一點也不過分。所以，大家今年沉浸在新能源汽車裏，註定收益不會太好。 如果買了龍頭還好，要是買了<a target=\"_blank\" href=\"https://laohu8.com/S/LI\"></a><a href=\"https://laohu8.com/S/LI\">$理想汽車(LI)$</a> 之類的，腰斬不爲過： 所謂三十年河東、三十年河西，你不能指望它年年翻倍是不？ 資金是永不眠的，而且美股指數還在不斷創新高，也就是說： 美股仍是增量市場，且資金從新能源裏出來，跑到了別的地方。 那跑到了哪裏？ 如果你有心，會發現代表週期、傳統行業的","listText":"別盯着<a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\"></a><a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/NIO\"></a><a href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a> 了，美國鋼鐵都漲上天了！ 很多朋友說今年美股不好做，我發現了這裏的緣由。 因爲大家還沉浸在去年 <a target=\"_blank\" href=\"https://laohu8.com/S/TSLA\"></a><a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> <a target=\"_blank\" href=\"https://laohu8.com/S/NIO\"></a><a href=\"https://laohu8.com/S/NIO\">$蔚來(NIO)$</a> 那波輝煌的新能源汽車行情中，久久不能自拔。 2020年新能源漲了一整年，那麼今年調整一整年就一點也不過分。所以，大家今年沉浸在新能源汽車裏，註定收益不會太好。 如果買了龍頭還好，要是買了<a target=\"_blank\" href=\"https://laohu8.com/S/LI\"></a><a href=\"https://laohu8.com/S/LI\">$理想汽車(LI)$</a> 之類的，腰斬不爲過： 所謂三十年河東、三十年河西，你不能指望它年年翻倍是不？ 資金是永不眠的，而且美股指數還在不斷創新高，也就是說： 美股仍是增量市場，且資金從新能源裏出來，跑到了別的地方。 那跑到了哪裏？ 如果你有心，會發現代表週期、傳統行業的","text":"別盯着$特斯拉(TSLA)$ 、$蔚來(NIO)$ 了，美國鋼鐵都漲上天了！ 很多朋友說今年美股不好做，我發現了這裏的緣由。 因爲大家還沉浸在去年 $特斯拉(TSLA)$ $蔚來(NIO)$ 那波輝煌的新能源汽車行情中，久久不能自拔。 2020年新能源漲了一整年，那麼今年調整一整年就一點也不過分。所以，大家今年沉浸在新能源汽車裏，註定收益不會太好。 如果買了龍頭還好，要是買了$理想汽車(LI)$ 之類的，腰斬不爲過： 所謂三十年河東、三十年河西，你不能指望它年年翻倍是不？ 資金是永不眠的，而且美股指數還在不斷創新高，也就是說： 美股仍是增量市場，且資金從新能源裏出來，跑到了別的地方。 那跑到了哪裏？ 如果你有心，會發現代表週期、傳統行業的","images":[{"img":"https://static.tigerbbs.com/7e2fb4a2ea57d397ee5c11c223a33eed","width":"840","height":"470"},{"img":"https://static.tigerbbs.com/67ee5ed5c9b3a655ce87aebd42b81efd","width":"1080","height":"1920"},{"img":"https://static.tigerbbs.com/fc527cd08b242f2f8386760e669ca8bc","width":"840","height":"470"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190872054","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":11,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195745961,"gmtCreate":1621320810053,"gmtModify":1704355735871,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195745961","repostId":"1121929790","repostType":4,"isVote":1,"tweetType":1,"viewCount":132,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195742168,"gmtCreate":1621320729454,"gmtModify":1704355734401,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195742168","repostId":"2136240965","repostType":4,"repost":{"id":"2136240965","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":1621320219,"share":"https://ttm.financial/m/news/2136240965?lang=&edition=fundamental","pubTime":"2021-05-18 14:43","market":"hk","language":"en","title":"China's Innovent rises as U.S. FDA accepts regulatory submission for sintilimab","url":"https://stock-news.laohu8.com/highlight/detail?id=2136240965","media":"Reuters","summary":"** Shares of Chinese cancer drug developer Innovent Biologics Inc rise as much as 8% to HK$94, their","content":"<p>** Shares of Chinese cancer drug developer Innovent Biologics Inc&nbsp;rise as much as 8% to HK$94, their highest since Feb 22, on course for a third consecutive session of gains</p><p>** Stock on track for best day since March 30</p><p>** The Jiangsu-based firm says U.S. Food and Drug Administration (FDA) has accepted for review a Biologics License Application for sintilimab injection in combination with pemetrexed and platinum chemotherapy for the first-line treatment of people with nonsquamous non-small cell lung cancer</p><p>** Says it is the first U.S. regulatory submission of sintilimab, a PD-1 inhibitor being developed and commercialized under a global collaboration agreement between Innovent and Eli Lilly and Co</p><p>** Innovent says it looks to working closely with FDA to potentially bring the sintilimab-pemetrexed-platinum chemotherapy combination as a treatment option in the United States</p><p>** The Hong Kong Hang Seng Commerce &amp; Industry Index&nbsp;rises 1.4%, and the healthcare index&nbsp;climbs 1.7%</p><p>** Both Hang Seng China enterprises index&nbsp;and the benchmark index&nbsp;rise 1.3%</p><p>** As of last close, stock up 6.1% this year</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China's Innovent rises as U.S. FDA accepts regulatory submission for sintilimab</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\">\nChina's Innovent rises as U.S. FDA accepts regulatory submission for sintilimab\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-18 14:43</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>** Shares of Chinese cancer drug developer Innovent Biologics Inc&nbsp;rise as much as 8% to HK$94, their highest since Feb 22, on course for a third consecutive session of gains</p><p>** Stock on track for best day since March 30</p><p>** The Jiangsu-based firm says U.S. Food and Drug Administration (FDA) has accepted for review a Biologics License Application for sintilimab injection in combination with pemetrexed and platinum chemotherapy for the first-line treatment of people with nonsquamous non-small cell lung cancer</p><p>** Says it is the first U.S. regulatory submission of sintilimab, a PD-1 inhibitor being developed and commercialized under a global collaboration agreement between Innovent and Eli Lilly and Co</p><p>** Innovent says it looks to working closely with FDA to potentially bring the sintilimab-pemetrexed-platinum chemotherapy combination as a treatment option in the United States</p><p>** The Hong Kong Hang Seng Commerce &amp; Industry Index&nbsp;rises 1.4%, and the healthcare index&nbsp;climbs 1.7%</p><p>** Both Hang Seng China enterprises index&nbsp;and the benchmark index&nbsp;rise 1.3%</p><p>** As of last close, stock up 6.1% this year</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"01801":"信达生物","USCR":"US Concrete Inc","LLY":"礼来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136240965","content_text":"** Shares of Chinese cancer drug developer Innovent Biologics Inc rise as much as 8% to HK$94, their highest since Feb 22, on course for a third consecutive session of gains** Stock on track for best day since March 30** The Jiangsu-based firm says U.S. Food and Drug Administration (FDA) has accepted for review a Biologics License Application for sintilimab injection in combination with pemetrexed and platinum chemotherapy for the first-line treatment of people with nonsquamous non-small cell lung cancer** Says it is the first U.S. regulatory submission of sintilimab, a PD-1 inhibitor being developed and commercialized under a global collaboration agreement between Innovent and Eli Lilly and Co** Innovent says it looks to working closely with FDA to potentially bring the sintilimab-pemetrexed-platinum chemotherapy combination as a treatment option in the United States** The Hong Kong Hang Seng Commerce & Industry Index rises 1.4%, and the healthcare index climbs 1.7%** Both Hang Seng China enterprises index and the benchmark index rise 1.3%** As of last close, stock up 6.1% this year","news_type":1},"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195742004,"gmtCreate":1621320714808,"gmtModify":1704355736195,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195742004","repostId":"2136956080","repostType":4,"repost":{"id":"2136956080","pubTimestamp":1621320275,"share":"https://ttm.financial/m/news/2136956080?lang=&edition=fundamental","pubTime":"2021-05-18 14:44","market":"us","language":"en","title":"Coinbase: ‘This business will be commoditized,’ New Constructs CEO argues","url":"https://stock-news.laohu8.com/highlight/detail?id=2136956080","media":"Yahoo Finance","summary":"Coinbase (COIN), the largest cryptocurrency exchange in the U.S., could see profits come under press","content":"<p>Coinbase (COIN), the largest cryptocurrency exchange in the U.S., could see profits come under pressure as more companies embrace blockchain and competition in the exchange space increases, according to at least <a href=\"https://laohu8.com/S/AONE\">one</a> strategist.</p><p>\"This business will be commoditized,\" David Trainer, CEO of the research firm New Constructs, told Yahoo Finance on Friday.</p><p>\"The underlying purpose of blockchain technology is not to make money for corporations, but to improve the prosperity of society,\" he added. \"I think it's a disintermediating technology that will not enrich companies like Coinbase. It will do the opposite. And Coinbase's margins are due to be meaningfully reduced.\"</p><p>Shares of Coinbase fell to an all-time low on Monday, tracking a dip in bitcoin and other major cryptocurrency prices and extending declines after its first-ever quarterly report as a public company last week. The stock fell as much as 7.7% to reach as low as $238.37 — falling below its reference price of $250 per share for the first time since Coinbase's direct listing last month.</p><p>However, even with the dip, Coinbase's stock still had a market capitalization of about $50 billion. While that valuation has halved since Coinbase's direct listing, it remains about double the market cap of peer exchange company Nasdaq (NDAQ).</p><p>\"We think the valuation remains extremely elevated,\" Trainer said, adding that he believed Coinbase would be fairly valued in a \"best case scenario\" between $5 billion to $10 billion.</p><p><img src=\"https://s.yimg.com/os/creatr-uploaded-images/2021-05/1f8835c0-b727-11eb-afaf-457ce5e931e5\" tg-width=\"3543\" tg-height=\"2362\" referrerpolicy=\"no-referrer\">Coinbase logo displayed on a phone screen and representation of Bitcoin are seen in this illustration photo taken in Krakow, Poland on April 15, 2021 (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty Images</p><p>To Trainer, Coinbase's first-quarter earnings results reinforced that competitors could upend Coinbase's business, given the company's reliance on retail investors. Coinbase's retail transaction revenue totaled $1.5 billion in the first three months of the year, comprising the vast majority of its $1.8 billion in total revenue during the period. The majority of assets on the platform, however, were held by institutional investors.</p><p>Other cryptocurrency exchanges including Gemini, Bittrex and Binance have also been gaining traction, though many analysts have warned that these companies' need for scale could mean transaction fees get slashed to draw in new users. That could in turn hurt operating results, which depend on fees taken gleaned from transactions. Coinbase Chief Financial Officer Alesia Haas, however, said during the company's earnings call last week that Coinbase was \"not focused on competing with fees.\"</p><p>\"You don't make a lot of money trading things,\" Trainer said. Most people, he noted as an example, don't realize that the foreign exchange market dwarfs the volume of the stock market. \"But we never talk about it. Why? Because there are no profits. Just because there's a big market for something doesn't mean there are profits to be made.\"</p><p>\"I think that's the point that people miss about blockchain,\" he added. \"Yes, it's going to disrupt some really big markets. But what it's going to do is displace the role of the corporate middleman in a lot of those markets. So corporate profits as a percentage of societal gain are going to shrink because of blockchain.\"</p><p>\"And so, firms like Coinbase are kind of tricking you into thinking, oh, because we're blockchain, we're going to be real profitable,\" he said. \"Well, the real truth about blockchain is that companies are going to be less profitable.\"</p><p>Other analysts on Wall Street have been more upbeat on shares of Coinbase, however. According to Bloomberg data as of Monday, eight firms rated shares as a Buy, and four firms rated the stock as Hold. None rated Coinbase's stock as Sell.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase: ‘This business will be commoditized,’ New Constructs CEO argues</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\">\nCoinbase: ‘This business will be commoditized,’ New Constructs CEO argues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 14:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/coinbase-this-business-will-be-commoditized-new-constructs-ceo-argues-170735404.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase (COIN), the largest cryptocurrency exchange in the U.S., could see profits come under pressure as more companies embrace blockchain and competition in the exchange space increases, according ...</p>\n\n<a href=\"https://finance.yahoo.com/news/coinbase-this-business-will-be-commoditized-new-constructs-ceo-argues-170735404.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc."},"source_url":"https://finance.yahoo.com/news/coinbase-this-business-will-be-commoditized-new-constructs-ceo-argues-170735404.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2136956080","content_text":"Coinbase (COIN), the largest cryptocurrency exchange in the U.S., could see profits come under pressure as more companies embrace blockchain and competition in the exchange space increases, according to at least one strategist.\"This business will be commoditized,\" David Trainer, CEO of the research firm New Constructs, told Yahoo Finance on Friday.\"The underlying purpose of blockchain technology is not to make money for corporations, but to improve the prosperity of society,\" he added. \"I think it's a disintermediating technology that will not enrich companies like Coinbase. It will do the opposite. And Coinbase's margins are due to be meaningfully reduced.\"Shares of Coinbase fell to an all-time low on Monday, tracking a dip in bitcoin and other major cryptocurrency prices and extending declines after its first-ever quarterly report as a public company last week. The stock fell as much as 7.7% to reach as low as $238.37 — falling below its reference price of $250 per share for the first time since Coinbase's direct listing last month.However, even with the dip, Coinbase's stock still had a market capitalization of about $50 billion. While that valuation has halved since Coinbase's direct listing, it remains about double the market cap of peer exchange company Nasdaq (NDAQ).\"We think the valuation remains extremely elevated,\" Trainer said, adding that he believed Coinbase would be fairly valued in a \"best case scenario\" between $5 billion to $10 billion.Coinbase logo displayed on a phone screen and representation of Bitcoin are seen in this illustration photo taken in Krakow, Poland on April 15, 2021 (Photo by Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesTo Trainer, Coinbase's first-quarter earnings results reinforced that competitors could upend Coinbase's business, given the company's reliance on retail investors. Coinbase's retail transaction revenue totaled $1.5 billion in the first three months of the year, comprising the vast majority of its $1.8 billion in total revenue during the period. The majority of assets on the platform, however, were held by institutional investors.Other cryptocurrency exchanges including Gemini, Bittrex and Binance have also been gaining traction, though many analysts have warned that these companies' need for scale could mean transaction fees get slashed to draw in new users. That could in turn hurt operating results, which depend on fees taken gleaned from transactions. Coinbase Chief Financial Officer Alesia Haas, however, said during the company's earnings call last week that Coinbase was \"not focused on competing with fees.\"\"You don't make a lot of money trading things,\" Trainer said. Most people, he noted as an example, don't realize that the foreign exchange market dwarfs the volume of the stock market. \"But we never talk about it. Why? Because there are no profits. Just because there's a big market for something doesn't mean there are profits to be made.\"\"I think that's the point that people miss about blockchain,\" he added. \"Yes, it's going to disrupt some really big markets. But what it's going to do is displace the role of the corporate middleman in a lot of those markets. So corporate profits as a percentage of societal gain are going to shrink because of blockchain.\"\"And so, firms like Coinbase are kind of tricking you into thinking, oh, because we're blockchain, we're going to be real profitable,\" he said. \"Well, the real truth about blockchain is that companies are going to be less profitable.\"Other analysts on Wall Street have been more upbeat on shares of Coinbase, however. According to Bloomberg data as of Monday, eight firms rated shares as a Buy, and four firms rated the stock as Hold. None rated Coinbase's stock as Sell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":319,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195746540,"gmtCreate":1621320697580,"gmtModify":1704355733749,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195746540","repostId":"1132361180","repostType":4,"repost":{"id":"1132361180","pubTimestamp":1621320303,"share":"https://ttm.financial/m/news/1132361180?lang=&edition=fundamental","pubTime":"2021-05-18 14:45","market":"us","language":"en","title":"U.S. companies are bearing the brunt of Trump’s China tariffs, says Moody’s","url":"https://stock-news.laohu8.com/highlight/detail?id=1132361180","media":"CNBC","summary":"KEY POINTS\n\nMost of the elevated tariffs imposed at the height of the U.S.-China trade war have rema","content":"<div>\n<p>KEY POINTS\n\nMost of the elevated tariffs imposed at the height of the U.S.-China trade war have remained in place and affect over half of all trade flows between the two countries, said Moody’s.\nU.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/18/us-companies-bearing-the-brunt-of-trumps-china-tariffs-says-moodys.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>U.S. companies are bearing the brunt of Trump’s China tariffs, says Moody’s</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\">\nU.S. companies are bearing the brunt of Trump’s China tariffs, says Moody’s\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-18 14:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/05/18/us-companies-bearing-the-brunt-of-trumps-china-tariffs-says-moodys.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nMost of the elevated tariffs imposed at the height of the U.S.-China trade war have remained in place and affect over half of all trade flows between the two countries, said Moody’s.\nU.S. ...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/18/us-companies-bearing-the-brunt-of-trumps-china-tariffs-says-moodys.html\">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":"https://www.cnbc.com/2021/05/18/us-companies-bearing-the-brunt-of-trumps-china-tariffs-says-moodys.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1132361180","content_text":"KEY POINTS\n\nMost of the elevated tariffs imposed at the height of the U.S.-China trade war have remained in place and affect over half of all trade flows between the two countries, said Moody’s.\nU.S. importers absorbed more than 90% of additional costs resulting from the 20% U.S. tariff on Chinese goods, the ratings agency said in a report.\nU.S. exporters also absorbed most of the costs from tariffs imposed by China, according to the report.\n\nAmerican businesses are bearing most of the cost burden from the elevated tariffs imposed at the height of the U.S.-China trade war, said Moody’s Investors Service.\nThe ratings agency said in a Monday report that U.S. importers absorbed more than 90% of additional costs resulting from the 20% U.S. tariff on Chinese goods.\nThat means U.S. importers pay around 18.5% more in price for a Chinese product subject to that 20% tariff rate, while Chinese exporters receive 1.5% less for the same product, according to the report.\n“A majority of the cost of tariffs have been passed on to US importers,” Moody’s said in the report.\n“If the tariffs remain in place, pressure on US retailers will likely rise, leading to a greater pass-through to consumer prices,” the agency added.\nHigher trade tariffs came into force during former U.S. President Donald Trump’s term. Most of those tariffs have remained in place and affect over half of all trade flows between the U.S. and China, said Moody’s.\nU.S. tariffs on Chinese goods stood at an average of 19.3% on a trade-weighted basis in early 2021, while Chinese tariffs on American products were about 20.7%, according to data compiled by think tank Peterson Institute for International Economics.\nBefore the U.S.-China trade war in early 2018, U.S. tariffs on Chinese goods were on average 3.1% while China’s tariffs on American goods were at 8%, the data showed.\nU.S. importers are not the only one bearing the brunt of the elevated tariffs.\nMoody’s said in the report that U.S. exporters also absorbed most of the costs from tariffs imposed by China. That’s partly because the U.S. exports targeted by those retaliatory tariffs are products that may be sourced from other places, such as agricultural goods.\nEconomists and businesses had argued that Trump’s tariffs on China harm the U.S. economy, while failing to force China to reverse its unfair trade practices.\nPresident Joe Biden previously said he disagreed with Trump’s approach to China, but is not in a hurry to reverse his predecessor’s policies. His administration had suggested that it’s open to using tariffs to fight China’s unfair trade practices.\nSome observers said the tariffs could give the U.S. leverage over China.","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195746841,"gmtCreate":1621320672583,"gmtModify":1704355733096,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/195746841","repostId":"2136738931","repostType":4,"repost":{"id":"2136738931","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":1621318800,"share":"https://ttm.financial/m/news/2136738931?lang=&edition=fundamental","pubTime":"2021-05-18 14:20","market":"hk","language":"en","title":"JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2136738931","media":"Tiger Newspress","summary":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering  to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion  if the deal is priced at the top end.JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics' offering is expected to be the second multibilli","content":"<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</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>JD Logistics launches Hong Kong IPO to raise up to US$3.4 billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJD Logistics launches Hong Kong IPO to raise up to US$3.4 billion\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\">2021-05-18 14:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.<a href=\"https://www.itiger.com/mi/ipo?feature=Push\" target=\"_blank\"><b>（Click here To apply for the JD Logistics Shares）</b></a><b></b></p><p>JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.</p><p>JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.</p><p><img src=\"https://static.tigerbbs.com/cd9320033ea7302952fa2cb6ece8339a\" tg-width=\"958\" tg-height=\"464\"></p><p>Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.</p><p><img src=\"https://static.tigerbbs.com/b1f72efeb4b54a02dbfe728ebb1099dd\" tg-width=\"958\" tg-height=\"437\"></p><p>JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.</p><p>Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.</p><p>The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.</p><p>BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.</p><p>Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.</p><p>Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.</p><p>Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.</p><p>\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.</p><p>JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.</p><p>Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.</p><p>Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.</p><p>SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.</p><p>Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.</p><p>China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02618":"京东物流"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2136738931","content_text":"The logistics arm of Chinese e-commerce giant JD.com started marketing its Hong Kong initial public offering (IPO) to retail investors on Monday at a price range of HK$39.36 to HK$43.36 per share, which could see the firm raise as much as HK$26.4 billion (US$3.4 billion) if the deal is priced at the top end.（Click here To apply for the JD Logistics Shares）JD Logistics' public offering will run from Monday to Friday. Its shares are expected to begin trading on the Hong Kong bourse's main board on May 28.JD Logistics plans to sell 609.2 million shares, representing 10 per cent of its enlarged share capital. There is an over-allotment option to sell up to 91.4 million more shares if there is a strong demand.Your application must be for a minimum of 100 Hong Kong Offer Shares and in one of the numbers set out in the table. You are required to pay the amount next to the number you select.JD Logistics' offering is expected to be the second multibillion-dollar IPO on the Hong Kong bourse this year, after Tencent-backed short video platform Kuaishou Technology raised US$6.2 billion in January. The Kuaishou offering was the biggest IPO globally so far this year.Eight cornerstone investors have committed to buy a total of US$1.5 billion worth of JD Logistics shares, which would account for about 39 per cent of its global offering if the deal is priced at the top end.The investors include Softbank, Singapore sovereign wealth fund Temasek Holdings, China Structural Reform Fund and asset managers such as Blackstone, Tiger Global Management and others.BofA Securities, Goldman Sachs and Haitong International are acting as joint sponsors on the transaction, while UBS is serving as a financial adviser.Assuming the deal is priced at the top end, JD Logistics' market capitalisation would be HK$264.1 billion, valuing it higher than ZTO Express.Shanghai-based ZTO, which counts Alibaba Group Holding as one of its shareholders, had a market capitalisation of HK$180.7 billion when it listed in Hong Kong through a secondary listing last September. Alibaba owns the South China Morning Post.Investors will be keen to learn more about JD Logistics' plan to churn out a profit. The Beijing-based firm said in its prospectus that it expects a bigger net loss for this year, after racking up losses of 2.8 billion yuan (US$435 million) in 2018, 2.2 billion yuan in 2019 and 4 billion yuan in 2020.\"As we currently prioritise growth of our business and expansion of our market share over profitability, there can be significant fluctuations in our profitability profile in the near-to-medium term,\" the company said in its draft prospectus.JD Logistics is seeking to differentiate itself from other players, such as ZTO and Yunda Holding, by touting itself as a technology-driven logistic services provider using autonomous mobile robots, sorting robots and self-driving vehicles to enhance delivery speed and accuracy.Pitching the stock sale with a tech angle could help JD Logistics paint a more positive outlook. This is because competition is particularly keen in the express delivery sector, with reports of some newer players offering services at below cost to grab business.Over the past three years, the average revenue per parcel for express delivery companies declined by 50 per cent to 60 per cent owing to intensive market competition, according to Charlie Chen, an analyst at China Renaissance.SF Express, China's top delivery service provider, shocked the market this month after it forecast a first-quarter loss of 1.1 billion yuan, triggering a sell-off of its stock. As of Friday's close, its share price in Shanghai was almost halved from its mid-February peak.Five players - ZTO, YTO Express, STO Express, SF Express and Yunda Holding - account for nearly 80 per cent of China's express delivery service market.China is the biggest logistics market in the world in terms of spending, with total logistics spending reaching 14.9 trillion yuan in 2020. That is expected to increase to 19.3 trillion yuan by 2025, according to data from research firm China Insights Consultancy cited in JD Logistics' prospectus.","news_type":1},"isVote":1,"tweetType":1,"viewCount":152,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":128567790,"gmtCreate":1624524347610,"gmtModify":1703839281207,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128567790","repostId":"1166720474","repostType":4,"repost":{"id":"1166720474","pubTimestamp":1624523507,"share":"https://ttm.financial/m/news/1166720474?lang=&edition=fundamental","pubTime":"2021-06-24 16:31","market":"us","language":"en","title":"Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner","url":"https://stock-news.laohu8.com/highlight/detail?id=1166720474","media":"seekingalpha","summary":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low","content":"<p><b>Summary</b></p>\n<ul>\n <li>In recent months, I have been advocating buying Bank of America when interest rates are low.</li>\n <li>The Fed is finally explicitly acknowledging inflation risks.</li>\n <li>I am taking advantage of recent dip in the share price of banks.</li>\n <li>The release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.</li>\n <li>I have turned \"very bullish\" and have been accumulating the stock in recent days.</li>\n</ul>\n<p>The Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):</p>\n<p>The markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.</p>\n<p>When the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).</p>\n<p>The conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".</p>\n<p>My base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.</p>\n<p>So in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).</p>\n<p><b>The most interest rates sensitive bank</b></p>\n<p>BAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:</p>\n<p><img src=\"https://static.tigerbbs.com/ec53741ffe4bdcf3ba47e66278a8ff79\" tg-width=\"640\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>As you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).</p>\n<p>It is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.</p>\n<p><b>What is driving BAC interest rate sensitivity?</b></p>\n<p>BAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.</p>\n<p>These deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.</p>\n<p>Currently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.</p>\n<p>You can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.</p>\n<p>If you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.</p>\n<p><b>A CCAR winner</b></p>\n<p>The Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.</p>\n<p>I expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:</p>\n<p><img src=\"https://static.tigerbbs.com/43588f352e781a567b15e73f99313e89\" tg-width=\"640\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p>\n<p>As can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.</p>\n<p>As such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.</p>\n<p>Assuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.</p>\n<p>This should translate to increased dividends as well as massive buybacks.</p>\n<p><b>Final thoughts</b></p>\n<p>I see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.</p>\n<p>I have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner</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\">\nBank Of America: No. 1 Pick For An Inflation Hedge And CCAR Winner\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 16:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip ...</p>\n\n<a href=\"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行"},"source_url":"https://seekingalpha.com/article/4436319-bank-of-america-no-1-pick-inflation-hedge-ccar-winner","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166720474","content_text":"Summary\n\nIn recent months, I have been advocating buying Bank of America when interest rates are low.\nThe Fed is finally explicitly acknowledging inflation risks.\nI am taking advantage of recent dip in the share price of banks.\nThe release of the CCAR stress tests should be a positive catalyst for BAC given substantial excess capital on its balance sheet.\nI have turned \"very bullish\" and have been accumulating the stock in recent days.\n\nThe Fed is acknowledging inflation risks. It is now time to 'think about thinking about' tapering bond purchases. The \"dot points\" by the FOMC participants suggest that the Fed overnight rate may rise as early as 2022 (see below chart):\nThe markets reacted somewhat strangely to the Fed's repositioning on inflation risks. Short-term interest rates rose whereby long treasuries' yield declined strongly, and therefore resulting in a flattening of the yield curve.\nWhen the curve flattens, the algorithmic selling of banks gets triggered - I do not mind at all, as I get to buy the dips on the likes of Citigroup (C) and Barclays (BCS).\nThe conventional wisdom is that the Fed is looking to rein in inflation by raising rates earlier than expected and therefore a 'mini rotation' away from cyclicals to growth has taken place. Chairman Powell furtherreiterated this weekthe Fed's accommodative stance and noted that the FOMC's dot-point projections should be taken with \"a large grain of salt\".\nMy base view is that moderate inflation (unlike the one we have seen in the 1970s) is on the cards and that is what is being engineered by the Fed. The global economy desperately needs inflation due to the massive amount of debt issued by governments in recent years. The only way to get out of the predicament we are in is to slowly (but surely) demonetize the debt. At the same time, the world economy cannot really afford high nominal interest rates or otherwise let inflation get completely out of control.\nSo in the next few years, I expect moderately higher short-term interest rates, some form of yield curve control, and a steepening yield curve (especially at the long end). And this is quite a positive environment for financials and especially so for Bank of America (BAC).\nThe most interest rates sensitive bank\nBAC is one of the most interest-sensitive banks in North America. This can be clearly seen in its most recent disclosure in theQ1'2021 10-Q:\n\nAs you can see from above, BAC is projected to benefit by an incremental $8.3 billion of pre-tax income where a parallel shift in interest rates of 100 basis points takes place. Most of the benefit, however, is in the short end (~$6.3 billion).\nIt is important to note that the above projection is static (assuming instantaneous movement in interest rates) and does not take into account management actions. You can see, for example, the reduced sensitivity at the long end compared with 31 December disclosures. It appears that during Q1'2021, BAC has taken advantage of higher long-term yields and extended the duration of its securities portfolio.\nWhat is driving BAC interest rate sensitivity?\nBAC is a deposit-gathering monster with greater than $1.8T balances as ofQ1'2021.\nThese deposits are typically very sticky and cut across the retail mass market, high-net-worth individuals, small businesses, and large corporates.\nCurrently, with 0% overnight interest rates and the 10-year Treasury yielding less than 1.5%, the returns on this amazing deposit franchise are at a cyclical bottom.\nYou can think of banks, in that context, as commodity producers. The commodity they are selling is \"interest rates\" and BAC is the lowest cost producer by far with ample capacity. The operating leverage built-in in this business model, when and if interest rates rise, is nothing short of exceptional.\nIf you believe the forecast of the FOMC members for longer-term overnight rates of 2.5% (and naturally longer-term rates will be higher), then the incremental pre-tax income for BAC should be well in excess of $20 billion. To recap, BAC's current market cap is ~$320 billion, and the return on tangible equity during Q1'2021 has been in excess of 17 percent (even in the current low-interest rate environment). The upside is clear and significant.\nA CCAR winner\nThe Fed is expected to release the results of the 2021 Comprehensive Capital Analysis and Review (CCAR) on Thursday 24th June after market close. CCAR is an annual exercise by the Federal Reserve designed to assess whether the largest banks operating in the United States have sufficient capital to continue operations throughout times of economic and financial stress.\nI expect BAC to pass with flying colours as they have done so in the last few CCAR cycles. After all, BAC has a relatively much lower risk profile compared to peer banks. This is evident from the lastCCAR stress testperformed in December 2020:\n\nAs can be seen from above, the drawdown in its capital ratios during a forecasted severely adverse scenario is materially lower than the median.\nAs such, I expect BAC to be bound by a requirement to hold a minimum common equity tier 1 (\"CET1\") ratio of 9.5%. Given that its current ratio is 11.8%, it is very clear that BAC has ample capacity to return capital to shareholders in the form of dividends and buybacks.\nAssuming a management buffer of 0.5% to 1.0%, I expect BAC to aim for a CET1 ratio of 10% to 10.5%. On the basis of excess capital and expected earnings for 2021, I expect BAC to return 125% to 150% of its 2021 earnings in the current CCAR cycle.\nThis should translate to increased dividends as well as massive buybacks.\nFinal thoughts\nI see BAC as a top stock to own in a moderate inflationary environment. The operating leverage embedded in its business model in a rising rates setting is nothing short of exceptional. It is also a great hedge to a portfolio comprising of defensive assets such as bonds and growth/large technology stocks.\nI have taken advantage of the recent dip in banks' share price and have been adding selectively in my favourite names. I have now turned \"very bullish\" on BAC. I also expect that the release of the CCAR results today will be quite a positive catalyst for banks and especially for BAC given the substantial excess capital on its balance sheet.","news_type":1},"isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372665225,"gmtCreate":1619204626867,"gmtModify":1704721253849,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/372665225","repostId":"1101099559","repostType":4,"isVote":1,"tweetType":1,"viewCount":18,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127992726,"gmtCreate":1624810743465,"gmtModify":1703845453792,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127992726","repostId":"2146000990","repostType":4,"repost":{"id":"2146000990","pubTimestamp":1624762068,"share":"https://ttm.financial/m/news/2146000990?lang=&edition=fundamental","pubTime":"2021-06-27 10:47","market":"us","language":"en","title":"Better Buy: Activision Blizzard vs. Take Two","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000990","media":"Motley Fool","summary":"Which top gaming stock will deliver the better return over the next five years?","content":"<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from <b>Sony</b>&nbsp;and <b>Microsoft</b>, are catalysts for the big game companies to sell more content into a wider installed base.</p>\n<p><b>Activision Blizzard</b> (NASDAQ:ATVI) and <b>Take-<a href=\"https://laohu8.com/S/TWOA.U\">Two</a> Interactive</b>&nbsp;(NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for <i>Call of Duty</i> and <i>World of Warcraft</i> and generates over $8 billion a year in bookings (a non-GAAP measure of revenue).&nbsp;Take-<a href=\"https://laohu8.com/S/TWOA\">Two</a>'s <i>Grand Theft Auto V</i> has sold a staggering 145 million copies,&nbsp;which has pushed the company's bookings to over $3 billion.</p>\n<p>I'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30e93ec376dbf9d2b1e80588b2008646\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>The margin gap</h2>\n<p>Activision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings.&nbsp;It has a large player base of over 400 million monthly active users,&nbsp;and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.</p>\n<p>While Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011,&nbsp;is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since <i>Grand Theft Auto V</i>&nbsp;launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.</p>\n<p>Compared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bf60ea29fdc7bd56d2ec45cb947ce369\" tg-width=\"720\" tg-height=\"387\"><span>ATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.</span></p>\n<p>If Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.</p>\n<p>Here are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>2021</th>\n   <th>2022</th>\n   <th>2023</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>42.8%</td>\n   <td>44.1%</td>\n   <td>45%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS</td>\n   <td>8.4%</td>\n   <td>18%</td>\n   <td>4.6%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance.</p>\n<p>Here are the same estimates for Take-Two.</p>\n<table border=\"1\">\n <tbody>\n  <tr>\n   <th>Metric</th>\n   <th>Fiscal 2022</th>\n   <th>Fiscal 2023</th>\n   <th>Fiscal 2024</th>\n  </tr>\n  <tr>\n   <td>Adjusted operating margin</td>\n   <td>19%</td>\n   <td>23.2%</td>\n   <td>24.6%</td>\n  </tr>\n  <tr>\n   <td>Adjusted EPS (loss)</td>\n   <td>(28.5%)</td>\n   <td>49.9%</td>\n   <td>30.8%</td>\n  </tr>\n </tbody>\n</table>\n<p>Data source: Atom Finance. Take-Two's fiscal year ends in March.</p>\n<p>Take-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years.&nbsp;It's&nbsp;hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.</p>\n<p>Beyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.</p>\n<h2>Take-Two stock is cheaper with more upside</h2>\n<p>Activision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business.&nbsp;But investors are paying a higher price for&nbsp;Activision's greater game diversity, and perceived lower business risk.</p>\n<p>Activision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6.&nbsp;But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.</p>\n<p>Take-Two's <i>Grand Theft Auto V</i> and <i>Red Dead Redemption 2</i> have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.</p>\n<p>Because of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Activision Blizzard vs. Take Two</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\">\nBetter Buy: Activision Blizzard vs. Take Two\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 10:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ATVI":"动视暴雪"},"source_url":"https://www.fool.com/investing/2021/06/26/better-buy-activision-blizzard-vs-take-two/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000990","content_text":"The growth of interactive entertainment is an attractive area to look for long-term investments. The millions of new players who started gaming during the pandemic, along with the console launches from Sony and Microsoft, are catalysts for the big game companies to sell more content into a wider installed base.\nActivision Blizzard (NASDAQ:ATVI) and Take-Two Interactive (NASDAQ:TTWO) are two market leaders that operate some of the best-selling game franchises in the industry. Activision is known for Call of Duty and World of Warcraft and generates over $8 billion a year in bookings (a non-GAAP measure of revenue). Take-Two's Grand Theft Auto V has sold a staggering 145 million copies, which has pushed the company's bookings to over $3 billion.\nI'll say up front that I believe Take-Two is well-positioned to deliver much better returns than Activision Blizzard over the next five years. Here's why.\nImage source: Getty Images.\nThe margin gap\nActivision has many good qualities investors look for in an investment. It has eight franchises that have generated $1 billion in lifetime bookings. It has a large player base of over 400 million monthly active users, and management has a great record of allocating capital through acquisitions that create shareholder returns. Over the last year, the company generated a healthy free cash flow margin of 33% compared to revenue and paid $316 million in dividends to shareholders.\nWhile Take-Two is smaller and is more dependent on a few franchises, CEO Strauss Zelnick, who took over in 2011, is gradually turning Take-Two into a bigger and more profitable leader in the industry. Since Grand Theft Auto V launched in 2013, Take-Two's free cash flow has increased by 347% to $843 million. The digital distribution of games has brought more-consistent profits for management to reinvest in expanding its game library, with the long-term goal to build greater scale, reach more players, and improve operating margin.\nCompared to Activision's stellar operating margin of 35.2%, Take-Two's operating margin is currently at 18.7% on a trailing-12-month basis, but that's exactly why Take-Two offers more upside to investors. It has made major strides to squeeze more profits out of its business, and its operating margin is still trending up.\nATVI operating margin (TTM) data by YCharts. TTM = trailing 12 months.\nIf Take-Two's operating margin improves to over 20%, it will drive much faster growth in earnings per share and fuel a rising share price.\nHere are the consensus analyst estimates for Activision's adjusted operating margin and EPS growth through 2023.\n\n\n\nMetric\n2021\n2022\n2023\n\n\nAdjusted operating margin\n42.8%\n44.1%\n45%\n\n\nAdjusted EPS\n8.4%\n18%\n4.6%\n\n\n\nData source: Atom Finance.\nHere are the same estimates for Take-Two.\n\n\n\nMetric\nFiscal 2022\nFiscal 2023\nFiscal 2024\n\n\nAdjusted operating margin\n19%\n23.2%\n24.6%\n\n\nAdjusted EPS (loss)\n(28.5%)\n49.9%\n30.8%\n\n\n\nData source: Atom Finance. Take-Two's fiscal year ends in March.\nTake-Two's EPS is expected to decline this year due to the investments in marketing, personnel, and IT that management is spending to launch the new game pipeline over the next few years. It's hiring more game developers ahead of its deepest upcoming release slate in history, with a grand total of 62 releases across existing and new titles.\nBeyond the near term, the continued decline in distribution costs for games remains a catalyst to grow profits for both companies. Still, analysts expect Take-Two to expand its margin by a greater amount, which could lead to better returns for investors.\nTake-Two stock is cheaper with more upside\nActivision should remain a good long-term investment. Management believes it can reach 1 billion monthly active users, as the company expands its mobile game business. But investors are paying a higher price for Activision's greater game diversity, and perceived lower business risk.\nActivision stock trades at a price-to-sales ratio of 8.5, which is much higher than Take-Two's sales multiple of 6. But as Take-Two expands its game catalog, this relatively lower sales multiple won't be justified.\nTake-Two's Grand Theft Auto V and Red Dead Redemption 2 have sold a combined 182 million copies, establishing a large player base to build on with future releases. Take-Two has almost endless opportunities with these top franchises to grow higher-margin digital sales with more expansion updates.\nBecause of its higher ceiling for margin expansion and earnings growth, I would buy Take-Two over Activision right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":85,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372662574,"gmtCreate":1619204511898,"gmtModify":1704721253195,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372662574","repostId":"1166519043","repostType":4,"repost":{"id":"1166519043","pubTimestamp":1619192700,"share":"https://ttm.financial/m/news/1166519043?lang=&edition=fundamental","pubTime":"2021-04-23 23:45","market":"us","language":"en","title":"Tesla Stock Split: Will It Happen Again?","url":"https://stock-news.laohu8.com/highlight/detail?id=1166519043","media":"seekingalpha","summary":"Tesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple and Chinese smartphone makers Huawei and Xiaomi.More traditional automakers will also be producing electric vehicles. Even if the demand side is plausible, it would mean Tesla needs to build many more factories.However, if analysts are right that Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet, its share price has much room to head north based on the consensus ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Tesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple and Chinese smartphone makers Huawei and Xiaomi.</li>\n <li>More traditional automakers will also be producing electric vehicles. Even if the demand side is plausible, it would mean Tesla needs to build many more factories.</li>\n <li>It's a high chance that a great number of new plants would be in China which carries plenty of geopolitical risks. The headwinds from the uncertainties could suppress TSLA stock.</li>\n <li>However, if analysts are right that Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet, its share price has much room to head north based on the consensus projections.</li>\n <li>Tesla could consider another stock split to get&nbsp;\"more people in the stock.\" Past experiences suggest the EV titan could do one before the share price hit quadruple-digit again.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/59edf6c2b70d6c984dc825b7567439bc\" tg-width=\"768\" tg-height=\"512\"><span>Photo by Spencer Platt/Getty Images News via Getty Images</span></p>\n<p><b>TSLA stock is poised to rise in line with its business growth</b></p>\n<p>In a recent article titled&nbsp;<i>Who Will Be The Biggest Competitors By 2025</i>, I questioned certain projections regarding Tesla's (TSLA) car sales. Some estimates implied that Tesla would take a lion's share of the EV market despite the rapid increase in the number of competitors.</p>\n<p>By 2025, Tesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple Inc. (AAPL) as well as Chinese smartphone giants Huawei and Xiaomi Corporation (OTC:XIACF)(OTCPK:XIACY). More traditional automakers will also be producing electric vehicles, even as they continue to churn out internal combustion engine-based cars.</p>\n<p>Even if the demand side is plausible, it would mean Tesla, Inc. needs to build many more factories. Given the effusive praise we have heard from Elon Musk regarding the speed of factory construction and on China in general, we could expect additional new plants to be cited in the populous country. That could add more&nbsp;geopolitical risks&nbsp;to the stock, as SA author John Engle argued.</p>\n<p>Then again, as many readers on Seeking Alpha, analysts, and Cathie Wood have postulated, Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet. Consequently, Tesla's revenue is projected to rise from $31.54 billion in 2020 to a whopping $388.52 billion on a consensus basis in 2030. That would bring the price-to-sales ratio to a mere 1.84 times on a forward basis.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fac352f9c2ac9bac0412ed076c27c75a\" tg-width=\"640\" tg-height=\"368\"><span>Source: Seeking Alpha Premium</span></p>\n<p>If Tesla did not disappoint the most bullish of the optimists forecasting its revenue to hit $600.7 billion in 2030, its P/S ratio would drop even lower to 1.19 times! You might say, all that sales are wonderful but what does their profitability look like? Well, the analysts believe TSLA would make boatloads of money. The consensus EPS estimate for 2030 is $33.48, a massive jump from the $0.64 it achieved in 2020. If the 2030 EPS estimate is realized, those earnings at today's price would reflect a ratio of 22.2 times, which could be seen as incredibly low.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7650450aa6230d6585a502b571ee3652\" tg-width=\"640\" tg-height=\"278\"><span>Source: Seeking Alpha Premium</span></p>\n<p>With EV sales projected by industry consultancy Canalys to remain below 50 percent of the total car sales by 2030, there remains significant growth potential for Tesla to increase its revenue. As such, assuming the analysts are correct, the share price of TSLA will not stay at the present level for the P/S ratio to be just 1.84 times and the P/E ratio at 22.2 times, the share price of TSLA would rise further than where it stands today.</p>\n<p><img src=\"https://static.tigerbbs.com/0cd810d4171606b50d186b8d9bf10bf5\" tg-width=\"640\" tg-height=\"479\"></p>\n<p>Tesla stock split history: What was Tesla's stock price before the recent split?</p>\n<p>In other words, Tesla's share price would continue to rise over the next five to ten years. With that in mind, the question is, will TSLA split again? Before discussing that, let's review Tesla's previous split.</p>\n<p>On August 11, 2020, Tesla&nbsp;announced, after the market closed, that its board approved a five-for-one split of shares to \"make stock ownership more accessible to employees and investors.\" This marked Tesla's first-ever split announcement. The stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/c1b22a860341fe3bf36996d737680ddb\" tg-width=\"640\" tg-height=\"485\"></p>\n<p><b>How did Tesla's most recent stock split affect share prices?</b></p>\n<p>Interestingly, after the split was affected, Tesla stock lost much of the August gains in just a few trading sessions in early September. The share price decline was speculated by some to be due to shareholders paring their holdings since the split had resulted in them holding more TSLA shares. This seems logical as the purpose of the split was to accord shareholders with greater \"liquidity\" over their TSLA holding.</p>\n<p>However, the weakness in Tesla's share price was more likely attributable to a capital-raising exercise&nbsp;announced&nbsp;pre-market on September 1, 2020. Although only up to $5 billion worth of shares representing just over 1 percent of Tesla's market cap were to be sold, investors were probably looking for a trigger to take profit considering that TSLA was running in overbought territory for more than two weeks, according to the relative strength index [RSI] momentum indicator at that time.</p>\n<p>TSLA's strong run upwards had also led to the stock becoming \"overweight\" on many shareholders' portfolios. Ironically, that meant investors, whether individuals or fund managers had to reduce their Tesla holdings to avoid concentration risk. For funds with concentration guidelines or rules, it's not even a choice but a&nbsp;mandatory reduction&nbsp;exercise once the Tesla position became outsized.</p>\n<p>To make matters worse, Tesla stock was subsequently dragged down further into correction territory amid a sell-off by investors of tech favorites and \"all things frothy.\" The share price recovered some grounds quickly but the stock stagnated for a few months thereafter before a&nbsp;powerful wave of EV hypeswept TSLA up again to new heights.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/085a34d7256fb764f0652d6223057202\" tg-width=\"640\" tg-height=\"267\"><span>Source: Yahoo Finance</span></p>\n<p><b>When will Tesla stock split again?</b></p>\n<p>Although Tesla's share price has pulled back from the peak earlier in the year, it remains much higher than the post-split level last year. At $744.12 at the time of writing, TSLA is 49 percent higher than the $498.32 close on August 31, 2020, the day of the stock split.</p>\n<p>If the past is any reference, Tesla executives did the stock split when the share price was in quadruple-digit. TSLA will need to rise more than 34 percent for that to happen again. As I opined earlier, Tesla stock appears to be poised for further upside. I believe it's more of a question of when, not if, will TSLA hit above $1,000 per share.</p>\n<p>Nevertheless, even in the current investing environment where there are platforms allowing the trading of fractional shares, there are still benefits for stocks with smaller prices. One obvious advantage is the impact on psychology, as the mind interprets low prices as \"cheaply valued\" and having room to head north.</p>\n<p>The leadership at Apple must be thinking the same as the folks at Tesla when the company executed its stock split around the same time as the EV giant last August. The share price appreciation from pre-announcement to post-stock split date was less spectacular compared to Tesla but still a hefty 41 percent.</p>\n<p><img src=\"https://static.tigerbbs.com/46bd0bed00b03ba1d738fd84c9dfb0dc\" tg-width=\"640\" tg-height=\"483\"></p>\n<p>Considering that Apple&nbsp;announced&nbsp;a stock split when the share price was much lower at $384.76, it goes to show there's value in considering a split in the stock even without the share price hitting quadruple-digit. Furthermore, AAPL has done this four times before - in 1987, 2000, 2005, and 2014 - when the share prices were all below $1,000. In 1987 and 2005, the stock was even trading at the sub-$100 level when the company did the split.</p>\n<p>Jim Cramer was quoted as saying during an interview last year that Tim Cook explained the 2020 stock split to him, telling him that he wanted \"more people in the stock.\" I suppose that's what Bill Gates and his team thought when the software giant performed eight stock splits from the listing of Microsoft (MSFT) until 1999 as MSFT climbed exponentially during the period. Elon Musk and Tim Cook are the odd couple but I believe the former would agree on having \"more people\" in TSLA stock.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44957db620e86907bb72e9691bc726e6\" tg-width=\"640\" tg-height=\"250\"><span>Source: Yahoo Finance</span></p>\n<p><b>Should you buy Tesla now or wait for a split?</b></p>\n<p>Video-streaming leader Netflix (NFLX) announced a seven-for-one stock split in 2015 when its share was around $700 pre-split. NFLX went on to do very well though it's very much due to its business success than a simple cosmetic stock split exercise. The point of bringing this up is that Tesla's share price is around where Netflix's share price was when the split was completed.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f3cbb0c9bd178401bc6cc863a0934af2\" tg-width=\"640\" tg-height=\"271\"><span>Source: Yahoo Finance</span></p>\n<p>Although Amazon.com, Inc. (AMZN) and Alphabet Inc. (GOOGL)(GOOG) are the odd tech companies trading at quadruple-digit levels, most others are trading in the triple-digit or smaller. With the favorable experience from the previous stock split, Tesla might not want to wait for the share price to hit quadruple-digit again before contemplating another split.</p>\n<p>Furthermore, there is&nbsp;existing literature&nbsp;that reveals a strong correlation between stock splits and \"outstanding stock price performance\", giving Tesla the impetus to do so. Another potential trigger point for Elon Musk to announce a stock split could be when TSLA hit $840 per share. He would be able to claim that the company would do a two-for-one split so that the share price becomes $420 post-split.</p>\n<p>Of course, the share price wouldn't stay flat from the announcement date until the effective date. Nonetheless, the media would have gone into overdrive covering the announcement and speculating about the number's link to weed as well as Elon's past brush with the securities law on his previous take-Tesla-private-at-$420 claim. This would generate plenty of free publicity for the company.</p>\n<p>However, investors should not hang around for a stock split if they are intending to own shares in Tesla. It may not happen and the share price could still zoom upwards on speculations, improving sentiment, or due to business fundamentals.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Split: Will It Happen Again?</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 Split: Will It Happen Again?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 23:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4420899-tesla-stock-split-will-it-happen-again><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nTesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple and Chinese smartphone makers Huawei and Xiaomi.\nMore traditional automakers will also be ...</p>\n\n<a href=\"https://seekingalpha.com/article/4420899-tesla-stock-split-will-it-happen-again\">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://seekingalpha.com/article/4420899-tesla-stock-split-will-it-happen-again","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1166519043","content_text":"Summary\n\nTesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple and Chinese smartphone makers Huawei and Xiaomi.\nMore traditional automakers will also be producing electric vehicles. Even if the demand side is plausible, it would mean Tesla needs to build many more factories.\nIt's a high chance that a great number of new plants would be in China which carries plenty of geopolitical risks. The headwinds from the uncertainties could suppress TSLA stock.\nHowever, if analysts are right that Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet, its share price has much room to head north based on the consensus projections.\nTesla could consider another stock split to get \"more people in the stock.\" Past experiences suggest the EV titan could do one before the share price hit quadruple-digit again.\n\nPhoto by Spencer Platt/Getty Images News via Getty Images\nTSLA stock is poised to rise in line with its business growth\nIn a recent article titled Who Will Be The Biggest Competitors By 2025, I questioned certain projections regarding Tesla's (TSLA) car sales. Some estimates implied that Tesla would take a lion's share of the EV market despite the rapid increase in the number of competitors.\nBy 2025, Tesla not only has to contend with pure-play EV-makers. It will also face new entrants such as Apple Inc. (AAPL) as well as Chinese smartphone giants Huawei and Xiaomi Corporation (OTC:XIACF)(OTCPK:XIACY). More traditional automakers will also be producing electric vehicles, even as they continue to churn out internal combustion engine-based cars.\nEven if the demand side is plausible, it would mean Tesla, Inc. needs to build many more factories. Given the effusive praise we have heard from Elon Musk regarding the speed of factory construction and on China in general, we could expect additional new plants to be cited in the populous country. That could add more geopolitical risks to the stock, as SA author John Engle argued.\nThen again, as many readers on Seeking Alpha, analysts, and Cathie Wood have postulated, Tesla's true potential lies in a future rollout of an autonomous ride-hailing fleet. Consequently, Tesla's revenue is projected to rise from $31.54 billion in 2020 to a whopping $388.52 billion on a consensus basis in 2030. That would bring the price-to-sales ratio to a mere 1.84 times on a forward basis.\nSource: Seeking Alpha Premium\nIf Tesla did not disappoint the most bullish of the optimists forecasting its revenue to hit $600.7 billion in 2030, its P/S ratio would drop even lower to 1.19 times! You might say, all that sales are wonderful but what does their profitability look like? Well, the analysts believe TSLA would make boatloads of money. The consensus EPS estimate for 2030 is $33.48, a massive jump from the $0.64 it achieved in 2020. If the 2030 EPS estimate is realized, those earnings at today's price would reflect a ratio of 22.2 times, which could be seen as incredibly low.\nSource: Seeking Alpha Premium\nWith EV sales projected by industry consultancy Canalys to remain below 50 percent of the total car sales by 2030, there remains significant growth potential for Tesla to increase its revenue. As such, assuming the analysts are correct, the share price of TSLA will not stay at the present level for the P/S ratio to be just 1.84 times and the P/E ratio at 22.2 times, the share price of TSLA would rise further than where it stands today.\n\nTesla stock split history: What was Tesla's stock price before the recent split?\nIn other words, Tesla's share price would continue to rise over the next five to ten years. With that in mind, the question is, will TSLA split again? Before discussing that, let's review Tesla's previous split.\nOn August 11, 2020, Tesla announced, after the market closed, that its board approved a five-for-one split of shares to \"make stock ownership more accessible to employees and investors.\" This marked Tesla's first-ever split announcement. The stock jumped from a pre-split price of $1374.4 to as high as $1585 the next day before closing at $1554.75. TSLA went on to clock further gains the rest of the month, appreciating over 80 percent by the end of August 2020.\n\nHow did Tesla's most recent stock split affect share prices?\nInterestingly, after the split was affected, Tesla stock lost much of the August gains in just a few trading sessions in early September. The share price decline was speculated by some to be due to shareholders paring their holdings since the split had resulted in them holding more TSLA shares. This seems logical as the purpose of the split was to accord shareholders with greater \"liquidity\" over their TSLA holding.\nHowever, the weakness in Tesla's share price was more likely attributable to a capital-raising exercise announced pre-market on September 1, 2020. Although only up to $5 billion worth of shares representing just over 1 percent of Tesla's market cap were to be sold, investors were probably looking for a trigger to take profit considering that TSLA was running in overbought territory for more than two weeks, according to the relative strength index [RSI] momentum indicator at that time.\nTSLA's strong run upwards had also led to the stock becoming \"overweight\" on many shareholders' portfolios. Ironically, that meant investors, whether individuals or fund managers had to reduce their Tesla holdings to avoid concentration risk. For funds with concentration guidelines or rules, it's not even a choice but a mandatory reduction exercise once the Tesla position became outsized.\nTo make matters worse, Tesla stock was subsequently dragged down further into correction territory amid a sell-off by investors of tech favorites and \"all things frothy.\" The share price recovered some grounds quickly but the stock stagnated for a few months thereafter before a powerful wave of EV hypeswept TSLA up again to new heights.\nSource: Yahoo Finance\nWhen will Tesla stock split again?\nAlthough Tesla's share price has pulled back from the peak earlier in the year, it remains much higher than the post-split level last year. At $744.12 at the time of writing, TSLA is 49 percent higher than the $498.32 close on August 31, 2020, the day of the stock split.\nIf the past is any reference, Tesla executives did the stock split when the share price was in quadruple-digit. TSLA will need to rise more than 34 percent for that to happen again. As I opined earlier, Tesla stock appears to be poised for further upside. I believe it's more of a question of when, not if, will TSLA hit above $1,000 per share.\nNevertheless, even in the current investing environment where there are platforms allowing the trading of fractional shares, there are still benefits for stocks with smaller prices. One obvious advantage is the impact on psychology, as the mind interprets low prices as \"cheaply valued\" and having room to head north.\nThe leadership at Apple must be thinking the same as the folks at Tesla when the company executed its stock split around the same time as the EV giant last August. The share price appreciation from pre-announcement to post-stock split date was less spectacular compared to Tesla but still a hefty 41 percent.\n\nConsidering that Apple announced a stock split when the share price was much lower at $384.76, it goes to show there's value in considering a split in the stock even without the share price hitting quadruple-digit. Furthermore, AAPL has done this four times before - in 1987, 2000, 2005, and 2014 - when the share prices were all below $1,000. In 1987 and 2005, the stock was even trading at the sub-$100 level when the company did the split.\nJim Cramer was quoted as saying during an interview last year that Tim Cook explained the 2020 stock split to him, telling him that he wanted \"more people in the stock.\" I suppose that's what Bill Gates and his team thought when the software giant performed eight stock splits from the listing of Microsoft (MSFT) until 1999 as MSFT climbed exponentially during the period. Elon Musk and Tim Cook are the odd couple but I believe the former would agree on having \"more people\" in TSLA stock.\nSource: Yahoo Finance\nShould you buy Tesla now or wait for a split?\nVideo-streaming leader Netflix (NFLX) announced a seven-for-one stock split in 2015 when its share was around $700 pre-split. NFLX went on to do very well though it's very much due to its business success than a simple cosmetic stock split exercise. The point of bringing this up is that Tesla's share price is around where Netflix's share price was when the split was completed.\nSource: Yahoo Finance\nAlthough Amazon.com, Inc. (AMZN) and Alphabet Inc. (GOOGL)(GOOG) are the odd tech companies trading at quadruple-digit levels, most others are trading in the triple-digit or smaller. With the favorable experience from the previous stock split, Tesla might not want to wait for the share price to hit quadruple-digit again before contemplating another split.\nFurthermore, there is existing literature that reveals a strong correlation between stock splits and \"outstanding stock price performance\", giving Tesla the impetus to do so. Another potential trigger point for Elon Musk to announce a stock split could be when TSLA hit $840 per share. He would be able to claim that the company would do a two-for-one split so that the share price becomes $420 post-split.\nOf course, the share price wouldn't stay flat from the announcement date until the effective date. Nonetheless, the media would have gone into overdrive covering the announcement and speculating about the number's link to weed as well as Elon's past brush with the securities law on his previous take-Tesla-private-at-$420 claim. This would generate plenty of free publicity for the company.\nHowever, investors should not hang around for a stock split if they are intending to own shares in Tesla. It may not happen and the share price could still zoom upwards on speculations, improving sentiment, or due to business fundamentals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372665754,"gmtCreate":1619204673778,"gmtModify":1704721254176,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372665754","repostId":"1129095305","repostType":4,"repost":{"id":"1129095305","pubTimestamp":1619191066,"share":"https://ttm.financial/m/news/1129095305?lang=&edition=fundamental","pubTime":"2021-04-23 23:17","market":"us","language":"en","title":"SoftBank SPAC in talks about $2bn merger with location start-up Mapbox","url":"https://stock-news.laohu8.com/highlight/detail?id=1129095305","media":"Sky News","summary":"A New York-listed blank cheque company set up by SoftBank is in merger talks with Washington-based M","content":"<p>A New York-listed blank cheque company set up by SoftBank is in merger talks with Washington-based Mapbox, Sky News learns.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/667ca3f64b0a88847ecea6eeb2ee7eb1\" tg-width=\"2048\" tg-height=\"1152\"><span>SoftBank chief executive Masayoshi Son</span></p>\n<p>A ‘blank cheque’ company set up by the Japanese technology giant SoftBank is in talks to merge with a start-up which competes with the likes of Google Maps in the provision of sophisticated location data services.</p>\n<p>Sky News has learnt that Mapbox is in detailed negotiations to go public through a special purpose acquisition company (SPAC) - the latest in a torrent of technology businesses to list on New York exchanges through such a route in recent months.</p>\n<p>A US banking source said on Friday that the discussions between MapBox and SVF Investment Corp. 3 were at an advanced stage, but cautioned that a definitive transaction could still fall apart.</p>\n<p>Investment banks including Cantor Fitzgerald, Citi, Deutsche Bank, JP Morgan and UBS are all understood to be involved in the deal.</p>\n<p>Although Mapbox would be far from unusual in choosing a SPAC to launch its tenure as a publicly traded company, the transaction would be unusual in that SoftBank is already a shareholder in the company through its vast Vision Fund.</p>\n<p>Mapbox, which was founded in 2010, announced in 2017 that SoftBank had led a $164m Series C funding round without disclosing its valuation.</p>\n<p>It was unclear on Friday how much new capital the merger would involve through a component of the deal known as a PIPE - private investment in public equity.</p>","source":"lsy1619191032898","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>SoftBank SPAC in talks about $2bn merger with location start-up Mapbox</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\">\nSoftBank SPAC in talks about $2bn merger with location start-up Mapbox\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 23:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://news.sky.com/story/softbank-spac-in-talks-about-2bn-merger-with-location-start-up-mapbox-12284784><strong>Sky News</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A New York-listed blank cheque company set up by SoftBank is in merger talks with Washington-based Mapbox, Sky News learns.\nSoftBank chief executive Masayoshi Son\nA ‘blank cheque’ company set up by ...</p>\n\n<a href=\"https://news.sky.com/story/softbank-spac-in-talks-about-2bn-merger-with-location-start-up-mapbox-12284784\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SFTBY":"软银集团"},"source_url":"https://news.sky.com/story/softbank-spac-in-talks-about-2bn-merger-with-location-start-up-mapbox-12284784","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129095305","content_text":"A New York-listed blank cheque company set up by SoftBank is in merger talks with Washington-based Mapbox, Sky News learns.\nSoftBank chief executive Masayoshi Son\nA ‘blank cheque’ company set up by the Japanese technology giant SoftBank is in talks to merge with a start-up which competes with the likes of Google Maps in the provision of sophisticated location data services.\nSky News has learnt that Mapbox is in detailed negotiations to go public through a special purpose acquisition company (SPAC) - the latest in a torrent of technology businesses to list on New York exchanges through such a route in recent months.\nA US banking source said on Friday that the discussions between MapBox and SVF Investment Corp. 3 were at an advanced stage, but cautioned that a definitive transaction could still fall apart.\nInvestment banks including Cantor Fitzgerald, Citi, Deutsche Bank, JP Morgan and UBS are all understood to be involved in the deal.\nAlthough Mapbox would be far from unusual in choosing a SPAC to launch its tenure as a publicly traded company, the transaction would be unusual in that SoftBank is already a shareholder in the company through its vast Vision Fund.\nMapbox, which was founded in 2010, announced in 2017 that SoftBank had led a $164m Series C funding round without disclosing its valuation.\nIt was unclear on Friday how much new capital the merger would involve through a component of the deal known as a PIPE - private investment in public equity.","news_type":1},"isVote":1,"tweetType":1,"viewCount":47,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372665452,"gmtCreate":1619204650576,"gmtModify":1704721254013,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Thanks","listText":"Thanks","text":"Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372665452","repostId":"1149578575","repostType":4,"repost":{"id":"1149578575","pubTimestamp":1619191312,"share":"https://ttm.financial/m/news/1149578575?lang=&edition=fundamental","pubTime":"2021-04-23 23:21","market":"us","language":"en","title":"Elon Musk wants SpaceX to reach Mars so humanity is not a ‘single-planet species’","url":"https://stock-news.laohu8.com/highlight/detail?id=1149578575","media":"CNBC","summary":"Elon Musk remains focused on his vision for SpaceX: Establishing a permanent human presence on Mars.“We don’t want to be one of those single-planet species; we want to be a multi-planet species,” Musk said on Friday.While the company is flying astronauts with its Falcon 9 rockets and Crew Dragon capsules, SpaceX is working to develop Starship: An enormous stainless steel rocket, designed to be fully reusable and carry people to the moon and Mars.SpaceX founder and CEO Elon Musk remains focused o","content":"<div>\n<p>KEY POINTS\n\nElon Musk remains focused on his vision for SpaceX: Establishing a permanent human presence on Mars.\n“We don’t want to be one of those single-planet species; we want to be a multi-planet ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/elon-musk-aiming-for-mars-so-humanity-is-not-a-single-planet-species.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>Elon Musk wants SpaceX to reach Mars so humanity is not a ‘single-planet species’</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\">\nElon Musk wants SpaceX to reach Mars so humanity is not a ‘single-planet species’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/23/elon-musk-aiming-for-mars-so-humanity-is-not-a-single-planet-species.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nElon Musk remains focused on his vision for SpaceX: Establishing a permanent human presence on Mars.\n“We don’t want to be one of those single-planet species; we want to be a multi-planet ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/23/elon-musk-aiming-for-mars-so-humanity-is-not-a-single-planet-species.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"},"source_url":"https://www.cnbc.com/2021/04/23/elon-musk-aiming-for-mars-so-humanity-is-not-a-single-planet-species.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1149578575","content_text":"KEY POINTS\n\nElon Musk remains focused on his vision for SpaceX: Establishing a permanent human presence on Mars.\n“We don’t want to be one of those single-planet species; we want to be a multi-planet species,” Musk said on Friday.\nWhile the company is flying astronauts with its Falcon 9 rockets and Crew Dragon capsules, SpaceX is working to develop Starship: An enormous stainless steel rocket, designed to be fully reusable and carry people to the moon and Mars.\n\nSpaceX founder and CEO Elon Musk remains focused on his vision for the company: Establishing a permanent human presence on Mars, with its Starship rockets carrying people to and from the red planet.\n“We don’t want to be one of those single planet species, we want to be a multi-planet species,” Musk said on Friday, speaking after the company launched its Crew-2 mission to orbit.\n“It’s been now almost half a century since humans were last on the moon. That’s too long, we need to get back there and have a permanent base on the moon — again, like a big permanently occupied base on the moon. And then build a city on Mars to become a spacefaring civilization, a multi-planet species,” Musk also said.\nStarship is the enormous stainless steel rocket that SpaceX has been building and testing at its development facility in Boca Chica, Texas. Starship’s goal is to launch cargo and people on missions to the moon and Mars. Current Starship prototypes stand at about 150 feet tall, or about the size of a 15-story building, and each one is powered by three Raptor rocket engines.\nStarship prototype rocket SN10 stands on the launchpad at the company’s facility in Boca Chica, Texas.\nMusk has previously estimated that it will cost about $5 billion to fully develop Starship, although SpaceX has not disclosed how much it has spent on the program to date. The company has steadily raised funds in the past few years, to fund both Starship and its similarly ambitious Starlink project, with SpaceX’s valuation soaring to about $74 billion— making it one of the most valuable private companies in the world.\nAdditionally, SpaceX last week won a $2.9 billion contract from NASA, to help the space agency land astronauts on the moon’s surface with the first crewed mission targeting 2024.\n″[Starship has] mostly been funded internally thus far and it’s pretty expensive. As you can tell, if you’ve been watching videos, we’ve blown up a few of them,” Musk said.\nThe company has performed multiple successful test flights of Starship, although landing attempts after the last four high-altitude flights ended in fiery explosions. Despite the the prototypes’ destruction, SpaceX sees the test flights as progress toward creating a rocket that is fully reusable. SpaceX’s current Falcon fleet of rockets is partially reusable, as the company can land and reuse the rocket’s boosters.\nBut Musk hopes Starship transforms space travel into something more akin to commercial air travel. The rocket’s enormous size would also make it capable of launching several times as much cargo at once — for comparison, while SpaceX’s Falcon 9 rockets can send as many as 60 Starlink satellites at a time, SpaceX says Starship will be able to launch 400 Starlink satellites at a time.\nMusk remains “highly confident” that SpaceX will land humans on Mars by 2026, saying last December that it’s an achievable goal “about six years from now.” He added that SpaceX plans to send a Starship rocket without crew “in two years.”\nAn artist rendering of SpaceX’s Starship rockets on the surface of Mars.\nIn the meantime, SpaceX has many milestones to go before Starship can carry passengers. The rocket has yet to reach orbit. Musk last year said that the company will fly “hundreds of missions with satellites before we put people on board.”\nMusk may be focused on Mars, but the hurdles of Starship’s development are not lost on the space billionaire.\n“It’s a tough vehicle to build because we’re trying to crack this nut of a rapid and fully reusable rocket,” Musk said. “But the thing that’s really important to revolutionize space is a rapidly reusable rocket that’s reliable, too.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":312585808,"gmtCreate":1612167875604,"gmtModify":1704867614731,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>up","listText":"<a href=\"https://laohu8.com/S/SOS\">$SOS Limited(SOS)$</a>up","text":"$SOS Limited(SOS)$up","images":[{"img":"https://static.tigerbbs.com/18f8458f8b946493977d80016fa62ebd","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/312585808","isVote":1,"tweetType":1,"viewCount":22,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":335663577,"gmtCreate":1610589245399,"gmtModify":1704984742634,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Will this explode?","listText":"Will this explode?","text":"Will this explode?","images":[{"img":"https://static.tigerbbs.com/c721db865bef137b7008df93c70ae106","width":"1080","height":"2028"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/335663577","isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":372665355,"gmtCreate":1619204581877,"gmtModify":1704721253031,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372665355","repostId":"1101099559","repostType":4,"repost":{"id":"1101099559","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":1619191663,"share":"https://ttm.financial/m/news/1101099559?lang=&edition=fundamental","pubTime":"2021-04-23 23:27","market":"us","language":"en","title":"Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears","url":"https://stock-news.laohu8.com/highlight/detail?id=1101099559","media":"Tiger Newspress","summary":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White ","content":"<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p>Week to date, the three major averages are all down about 1%.</p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</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>Dow rebounds 200 points led by banks and tech as market shrugs off higher tax fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDow rebounds 200 points led by banks and tech as market shrugs off higher tax fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-04-23 23:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.</p><p>The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&amp;P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.</p><p>Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.</p><p>Bloomberg News reported that Biden is planning a&nbsp;capital gains tax hike to as high as 43.4%&nbsp;for wealthy Americans.</p><p>The proposal would hike the capital gains rate to 39.6% for&nbsp;those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.</p><p>“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”</p><p>Week to date, the three major averages are all down about 1%.</p><p>Intel shares dropped more than 5% after it issued second-quarter earnings guidance&nbsp;below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.</p><p>Snap shares, meanwhile, jumped 9% after it said&nbsp;it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.</p><p>Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.</p><p>Strategists say already-high valuations and near-record-high levels on the S&amp;P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.</p><p>Bitcoin&nbsp;plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"INTC":"英特尔",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SNAP":"Snap Inc"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101099559","content_text":"U.S. stocks rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.The Dow Jones Industrial Average gained 200 points amid a jump in Goldman Sachs and Apple shares. The S&P 500 rose 1% led by financials and technology shares, while the tech-heavy Nasdaq Composite climbed 1.2%.Wall Street came off a turbulent session for equities after multiple news outlets reported Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich.Bloomberg News reported that Biden is planning a capital gains tax hike to as high as 43.4% for wealthy Americans.The proposal would hike the capital gains rate to 39.6% for those earning $1 million or more, up from 20% currently, according to Bloomberg News, citing people familiar with the matter. Reuters and the New York Times later also reported similar stories.“We expect Congress will pass a scaled back version of this tax increase,” wrote Goldman Sachs economists in a note. “We expect Congress will settle on a more modest increase, potentially around 28%.”Week to date, the three major averages are all down about 1%.Intel shares dropped more than 5% after it issued second-quarter earnings guidance below analysts’ hopes. American Express fell over 4% after the credit card company reported quarterly revenue that was slightly short of forecasts.Snap shares, meanwhile, jumped 9% after it said it saw accelerating revenue growth and strong user numbers during the first quarter. Snap broke even on the bottom line while posting revenue of $770 million.Corporations have for the most part managed to beat Wall Street’s forecasts thus far into earnings season. Still, strong first-quarter results have been met with a more tepid response from investors, who have not, to date, snapped up shares of companies with some of the best results.Strategists say already-high valuations and near-record-high levels on the S&P 500 and Dow have kept traders’ enthusiasm in check. But indexes are within 1.5% of their all-time highs even after Thursday’s losses.Bitcoin plunged overnight, perhaps in part because of concerns about higher capital gains taxes, with the cryptocurrency last down about 8%, according to CoinMetrics. Other cryptocurrencies like Ethereum were also getting hit. So far, the sell-off there was not spilling over into other risk assets like equities.","news_type":1},"isVote":1,"tweetType":1,"viewCount":11,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372665956,"gmtCreate":1619204562875,"gmtModify":1704721252870,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":",?","listText":",?","text":",?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372665956","repostId":"1180713929","repostType":4,"repost":{"id":"1180713929","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":1619191972,"share":"https://ttm.financial/m/news/1180713929?lang=&edition=fundamental","pubTime":"2021-04-23 23:32","market":"us","language":"en","title":"Why AMD Stock Popped After Intel's Earnings Beat","url":"https://stock-news.laohu8.com/highlight/detail?id=1180713929","media":"Tiger Newspress","summary":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDA","content":"<p>Here's a hint: It's not because Intel reported great news.</p><p><b>What happened</b></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p></p><p><b>So what</b></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><b>Now what</b></p><p>So what's an investor to do with all this information?</p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</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>Why AMD Stock Popped After Intel's Earnings Beat</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\">\nWhy AMD Stock Popped After Intel's Earnings Beat\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\">2021-04-23 23:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Here's a hint: It's not because Intel reported great news.</p><p><b>What happened</b></p><p>Shares of rising&nbsp;<b>Intel</b>&nbsp;(NASDAQ:INTC)&nbsp;rival and fellow&nbsp;semiconductors&nbsp;giant&nbsp;<b>Advanced Micro Devices</b>&nbsp;(NASDAQ:AMD)&nbsp;popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.</p><p><img src=\"https://static.tigerbbs.com/368e9bc79febd0164dab4a88ffd13c42\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cf04377bf945cfdaa9a52157bb5560f7\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p></p><p><b>So what</b></p><p>Intel, if you haven't heard, actually&nbsp;beat&nbsp;on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.</p><p>Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.</p><p>And the reason this is good news for&nbsp;AMD&nbsp;is that, according to Citi at least, it's AMD that's taking that market share away from Intel.</p><p><b>Now what</b></p><p>So what's an investor to do with all this information?</p><p>At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&amp;P Global Market Intelligencedata.</p><p>Intel may&nbsp;look&nbsp;like&nbsp;a value stockright now, but it's AMD that's gotall the momentum.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMD":"美国超微公司","INTC":"英特尔"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180713929","content_text":"Here's a hint: It's not because Intel reported great news.What happenedShares of rising Intel (NASDAQ:INTC) rival and fellow semiconductors giant Advanced Micro Devices (NASDAQ:AMD) popped in early trading on the Nasdaq Friday, the first day afterIntel's disappointing Q1 2021 earnings report. AMD's shares were up 4.5% as of 11:30 a.m. EDT.So whatIntel, if you haven't heard, actually beat on its Q1 earnings. Despite sales declining 1% year over year, the company managed to report a pro forma profit of $1.39 per share, which was ahead of analyst expectations.Regardless, Intel reported a steep 540 basis point decline in its gross margin to 55.2%, and it saw its operating margin cut nearly in half as the company spent heavily to race to catch up to its rivals in advanced computer chips. Analysts at Citigroup commented yesterday that Intel stock appears to be close to its peak valuation and is likely to decline as investors acclimate to the new environment in which Intel is losing, not gaining, market share.And the reason this is good news for AMD is that, according to Citi at least, it's AMD that's taking that market share away from Intel.Now whatSo what's an investor to do with all this information?At a valuation of just 13.6 times trailing earnings, Intel stock certainly looks like a relative bargain when compared with AMD stock, which trades at 38.4 times earnings. But AMD has acash-rich balance sheet, versus Intel that's carrying $13.5 billion in net debt. And analysts see Intel's earnings growing only 10% annually over the next five years, while AMD is pegged for 29.5% annualized earnings growth, according toS&P Global Market Intelligencedata.Intel may look like a value stockright now, but it's AMD that's gotall the momentum.","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":380556546,"gmtCreate":1612565373085,"gmtModify":1704872901915,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>finally up","listText":"<a href=\"https://laohu8.com/S/SKLZ\">$Skillz Inc(SKLZ)$</a>finally up","text":"$Skillz Inc(SKLZ)$finally up","images":[{"img":"https://static.tigerbbs.com/18758ee948f20213708898c8f23a2969","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/380556546","isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":316099991,"gmtCreate":1611898772113,"gmtModify":1704865420271,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/316099991","repostId":"2107296200","repostType":4,"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176390837,"gmtCreate":1626859234729,"gmtModify":1703479426382,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176390837","repostId":"1108406839","repostType":2,"repost":{"id":"1108406839","pubTimestamp":1626835975,"share":"https://ttm.financial/m/news/1108406839?lang=&edition=fundamental","pubTime":"2021-07-21 10:52","market":"us","language":"en","title":"Why Tesla Stock Popped Again Tuesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1108406839","media":"The Motley Fool","summary":"What happened\nSix days ago, Tesla Motors stock dropped in response to comments fromwould-be rival Lu","content":"<h3><b>What happened</b></h3>\n<p>Six days ago,<b>&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> </b>stock dropped in response to comments fromwould-be rival Lucid Motors&nbsp;(coming public via special-purpose acquisition company (SPAC)&nbsp;<b><a href=\"https://laohu8.com/S/CCIV\">Churchill Capital Corp IV</a></b>&nbsp;(NYSE:CCIV)&nbsp;soon), whose CEO Peter Rawlinson boasted that his company's new \"Air\" electric vehicle would be more efficient than a Tesla Model S and steal away $900 million in sales that might otherwise have gone to Tesla.</p>\n<p>Tesla stock dropped on this reminder of increased competition, so I guess it makes sense that today, we're seeing Tesla stock&nbsp;<i>rise</i>&nbsp;in response to news than some&nbsp;<i>other</i>&nbsp;competition is falling further behind in this race.</p>\n<p><img src=\"https://static.tigerbbs.com/8ad37d27c8cc15cca2476a1a109b02e2\" tg-width=\"700\" tg-height=\"420\" referrerpolicy=\"no-referrer\"></p>\n<p>IMAGE SOURCE: GETTY IMAGES.</p>\n<h3><b>So what</b></h3>\n<p>As CNBC first reported late last week, and as Tesla fan site&nbsp;Teslarati&nbsp;re-reported today, construction delays and supply-chain disruptions from the pandemic have forcedelectric-truck upstart&nbsp;Rivian to delay deliveries of its ballyhooed R1T electric-pickup truck until September.</p>\n<p>Now the good news for Rivian is that it seems to be prioritizing production for its marquee customer&nbsp;<b><a href=\"https://laohu8.com/S/AMZN\">Amazon.com</a></b>&nbsp;and still plans to put a first installment of 10,000 electric Amazon vans on the road \"as early as next year.\" But the good news for&nbsp;<i>Tesla</i>&nbsp;is that, with Rivian focusing on keeping its most important customer happy, Tesla won't have to compete with a new electric-pickup truck for a few more months now.</p>\n<h3><b>Now what</b></h3>\n<p>This is really unalloyed good news for Tesla. I mean, Amazon had already tapped Rivian to build a total of 100,000 electric-delivery vans for its armies of parcel-toting delivery drivers. This wasn't business Tesla was going to win away even if Rivian had to delay production of these vans.</p>\n<p>Where Tesla can still compete in the electric-truck (as opposed to the electric-car) market is on sales to individual consumers, and that's the competition that has been pushed back a bit by Rivian's production delays.</p>\n<p>Granted, there's still&nbsp;<b><a href=\"https://laohu8.com/S/F\">Ford</a></b>,&nbsp;<b><a href=\"https://laohu8.com/S/GM\">General Motors</a></b>, and a whole host of other would-be electric-car companiesall coming down the pike. For the time being, though, today's news was good enough to help lift Tesla stock 2.2% by the closing bell.</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>Why Tesla Stock Popped Again Tuesday</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\">\nWhy Tesla Stock Popped Again Tuesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/07/20/why-tesla-stock-popped-again-tuesday/><strong>The Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What happened\nSix days ago, Tesla Motors stock dropped in response to comments fromwould-be rival Lucid Motors (coming public via special-purpose acquisition company (SPAC) Churchill Capital Corp IV (...</p>\n\n<a href=\"https://www.fool.com/investing/2021/07/20/why-tesla-stock-popped-again-tuesday/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LCID":"Lucid Group Inc","AMZN":"亚马逊","F":"福特汽车","GM":"通用汽车","TSLA":"特斯拉"},"source_url":"https://www.fool.com/investing/2021/07/20/why-tesla-stock-popped-again-tuesday/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108406839","content_text":"What happened\nSix days ago, Tesla Motors stock dropped in response to comments fromwould-be rival Lucid Motors (coming public via special-purpose acquisition company (SPAC) Churchill Capital Corp IV (NYSE:CCIV) soon), whose CEO Peter Rawlinson boasted that his company's new \"Air\" electric vehicle would be more efficient than a Tesla Model S and steal away $900 million in sales that might otherwise have gone to Tesla.\nTesla stock dropped on this reminder of increased competition, so I guess it makes sense that today, we're seeing Tesla stock rise in response to news than some other competition is falling further behind in this race.\n\nIMAGE SOURCE: GETTY IMAGES.\nSo what\nAs CNBC first reported late last week, and as Tesla fan site Teslarati re-reported today, construction delays and supply-chain disruptions from the pandemic have forcedelectric-truck upstart Rivian to delay deliveries of its ballyhooed R1T electric-pickup truck until September.\nNow the good news for Rivian is that it seems to be prioritizing production for its marquee customer Amazon.com and still plans to put a first installment of 10,000 electric Amazon vans on the road \"as early as next year.\" But the good news for Tesla is that, with Rivian focusing on keeping its most important customer happy, Tesla won't have to compete with a new electric-pickup truck for a few more months now.\nNow what\nThis is really unalloyed good news for Tesla. I mean, Amazon had already tapped Rivian to build a total of 100,000 electric-delivery vans for its armies of parcel-toting delivery drivers. This wasn't business Tesla was going to win away even if Rivian had to delay production of these vans.\nWhere Tesla can still compete in the electric-truck (as opposed to the electric-car) market is on sales to individual consumers, and that's the competition that has been pushed back a bit by Rivian's production delays.\nGranted, there's still Ford, General Motors, and a whole host of other would-be electric-car companiesall coming down the pike. For the time being, though, today's news was good enough to help lift Tesla stock 2.2% by the closing bell.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151682376,"gmtCreate":1625084439295,"gmtModify":1703735726117,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151682376","repostId":"2148181034","repostType":2,"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127992103,"gmtCreate":1624810695202,"gmtModify":1703845452979,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127992103","repostId":"1172710941","repostType":4,"isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122251382,"gmtCreate":1624624634846,"gmtModify":1703841991452,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122251382","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","pubTimestamp":1624614720,"share":"https://ttm.financial/m/news/2146023165?lang=&edition=fundamental","pubTime":"2021-06-25 17:52","market":"us","language":"en","title":"Microsoft sent a strong signal to developers that could hurt Apple and Google","url":"https://stock-news.laohu8.com/highlight/detail?id=2146023165","media":"Yahoo Finance","summary":"Microsoft  launched a broadside against rivals Apple  and Google  on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.“Windows has always stood for sovereignty for creators and agency for consumer","content":"<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.</p>\n<p>That’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.</p>\n<p>“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”</p>\n<p>The move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.</p>\n<p>Apple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.</p>\n<p>Google, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.</p>\n<h3><b>Microsoft has been criticizing Apple’s policies</b></h3>\n<p>This isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.</p>\n<p>More recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.</p>\n<p>That led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and <a href=\"https://laohu8.com/S/FB\">Facebook</a>.</p>\n<p><img src=\"https://static.tigerbbs.com/d92ddac610658f60945c72fc4da23210\" tg-width=\"1024\" tg-height=\"640\" referrerpolicy=\"no-referrer\">Microsoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft</p>\n<p>Microsoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.</p>\n<p>Epic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.</p>\n<p>Epic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.</p>\n<h3><b>Microsoft could win over developers</b></h3>\n<p>With its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.</p>\n<p>While Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.</p>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Microsoft sent a strong signal to developers that could hurt Apple and Google</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMicrosoft sent a strong signal to developers that could hurt Apple and Google\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-25 17:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that ...</p>\n\n<a href=\"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","QNETCN":"纳斯达克中美互联网老虎指数","MSFT":"微软","GOOGL":"谷歌A","AAPL":"苹果","GOOG":"谷歌","09086":"华夏纳指-U"},"source_url":"https://finance.yahoo.com/news/microsoft-app-store-revenue-google-apple-200213646.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2146023165","content_text":"Microsoft (MSFT) launched a broadside against rivals Apple (AAPL) and Google (GOOG, GOOGL) on Thursday, announcing that the next version of Windows, called Windows 11, will feature an app store that lets developers keep 100% of the revenue from sales of their apps.\nThat’s a massive departure from the policies Apple and Google have in place that require app developers who use their stores to pay 30% fees on the sale of apps and in-app purchases.\n“Windows has always stood for sovereignty for creators and agency for consumers,” Microsoft CEO Satya Nadella said. “A platform can only serve society if its rules allow for this foundational innovation and category creation. It’s why we’re introducing new store commerce models and policies.”\nThe move is certain to rankle executives at both Apple and Google, which are facing antitrust investigations into their app store practices.\nApple is awaiting a ruling in an antitrust case brought by Epic Games, in which the “Fortnite” developer accused the iPhone maker of abusing its market power over the App Store by forcing developers to use its own payment system and fork over the associated fees.\nGoogle, meanwhile, faces a similar lawsuit from Epic and is expected to get slapped with a lawsuit from a collection of state attorneys general for its app store policies.\nMicrosoft has been criticizing Apple’s policies\nThis isn’t the first time Microsoft has called out its rivals and their app stores. The company has criticized Apple’s policies in the past, specifically Apple’s policy of taking a share of revenue from Microsoft apps purchased through the Apple App Store.\nMore recently, Microsoft sparred with Apple over its desire to get its xCloud cloud gaming platform onto the iPhone via a native app. Apple has pushed back, hampering Microsoft’s cloud gaming ambitions and forcing it to make users rely on a browser-style app.\nThat led Microsoft to meet and lodge a complaint with members of the House Antitrust Subcommittee during the body’s investigation into Apple, Google, Amazon, and Facebook.\nMicrosoft has debuted the latest version of its Windows operating system: Windows 11. (Image: Microsoft)Microsoft\nMicrosoft also took aim at Apple in the iPhone maker’s battle with “Fortnite” developer Epic Games. In that instance, Microsoft filed a statement of support for Epic in its fight to prevent Apple withholding iOS support for Epic’s Unreal Engine.\nEpic initially sued Apple and Google after the two companies removed “Fornite” from their respective app stores. Apple and Google argue that Epic implemented an update that added a separate payment system allowing consumers to circumvent Apple or Google’s payment services. That effectively cut out Apple and Google’s 30% app store fees.\nEpic’s fight with Apple wrapped up earlier this month and a ruling is expected before the end of the summer.\nMicrosoft could win over developers\nWith its decision to allow developers to use their own payment systems, Microsoft is sending a signal to the global developer community that it is willing to play by their rules. That could help the company as it seeks to build out its app store and drive more business for Windows.\nWhile Microsoft was caught flat-footed in the smartphone wars, its moves with the Windows 11 Microsoft Store could give it the kind of boost from developers that it needs to begin taking market share from Apple and Google in the fight for app store supremacy. It’s now up to Apple and Google to respond.","news_type":1},"isVote":1,"tweetType":1,"viewCount":92,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167223672,"gmtCreate":1624272127596,"gmtModify":1703832081784,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167223672","repostId":"187527495","repostType":1,"repost":{"id":187527495,"gmtCreate":1623759917817,"gmtModify":1703818373848,"author":{"id":"3545283030659470","authorId":"3545283030659470","name":"亿航智能","avatar":"https://static.tigerbbs.com/ef016490dead4163e0a7206e661ce008","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3545283030659470","authorIdStr":"3545283030659470"},"themes":[],"title":"億航智能發佈2020年度業績報告","htmlText":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業<a target=\"_blank\" href=\"https://laohu8.com/S/EH\">$億航智能(EH)$</a>向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","listText":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業<a target=\"_blank\" href=\"https://laohu8.com/S/EH\">$億航智能(EH)$</a>向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","text":"2021年6月15日，全球領先的智能自動駕駛飛行器科技企業$億航智能(EH)$向美國證券交易委員會（SEC）提交了截至2020年12月31日的年度業績報告。訪問公司投資者關係網站http://ir.ehang.com/和SEC網站https://www.sec.gov/可獲取完整報告。關於億航智能億航智能（Nasdaq: EH）是一家全球領先的智能自動駕駛飛行器科技企業，致力於讓每個人都享受到安全、自動、環保的空中交通。億航智能爲全球多個行業領域客戶提供各種自動駕駛飛行器產品和解決方案，覆蓋空中交通（包括載人交通和物流運輸），智慧城市管理和空中媒體等應用領域。作爲全球城市空中交通行業中，自動駕駛飛行器創新技術與應用模式的領軍者，億航智能不斷探索天空的邊界，讓飛行科技普惠智慧城市的美好生活。如欲瞭解更多信息，請您訪問www.ehang.com。安全港聲明本新聞稿中的陳述可能構成1995年《美國私人證券訴訟改革法案》中“安全港”條款界定的前瞻性表述。前瞻性表述中常有“將要”、“預計”、“預期”、“將來”、“意向”、“計劃”、“相信”、“估計”等表達或其他類似的表達。公司管理團隊是基於當前的預期、設想、估計和預測作出此類前瞻性表述。儘管公司管理團隊相信這些預期、設想、估計和預測是合理的，前瞻性表述僅爲對未來的預測，並涉及公司管理團隊難以控制的已知或未知的風險與不確定性。這些表述涉及的風險和不確定性可能導致億航智能的實際運營結果、績效或成就與這些前瞻性表述所表達或暗示的任何未來運營結果、績效或成就發生重大差異。","images":[{"img":"https://static.tigerbbs.com/d930324c2e81ba50c73f2bbdcf65590f","width":"688","height":"6814"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187527495","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167223054,"gmtCreate":1624272110778,"gmtModify":1703832080639,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167223054","repostId":"187655265","repostType":1,"repost":{"id":187655265,"gmtCreate":1623753232853,"gmtModify":1704210549375,"author":{"id":"3510558082622800","authorId":"3510558082622800","name":"胖虎哒哒","avatar":"https://static.tigerbbs.com/75b95d9326c02813b7b87ba8c1eccb5a","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3510558082622800","authorIdStr":"3510558082622800"},"themes":[],"title":"在線吃瓜，王思聰也會當舔狗？","htmlText":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","listText":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","text":"滴滴滴滴....吃瓜~ 今天下午，網紅孫一寧曬出與王思聰的聊天記錄，發文表示一直拒絕王思聰的求愛，但遭到對方死纏爛打，表示王思聰要花錢買輿論整她，怒罵王思聰是“瘋狗”。 王思聰發文稱要爆孫一寧的料，孫一寧開直播一邊哭一邊喊話王思聰，好像是真的被王思聰氣到了 從聊天記錄可知，王思聰疑似一直在追求孫一寧，但孫一寧表示自己已經有“同性女友”嗚嗚，拒絕王思聰的追求，王思聰惱羞成怒，要花錢黑她，並把她多年前“坑商家”的黑料再挖了出來。 全文： 我想說，從第一次你進我直播間給我刷禮物並且認出了我之後，我起初是很害怕的，我一直藏在新的名字下，我不敢面對以前犯過的錯誤，所以我一再的跟你道歉，希望你不要再整我，你提出讓我去上海見一面當面說。當天晚上我見面後一直在哭，沒說幾句話，你說陪你去酒吧，你的朋友們也都在。（試問，你那句我跟別人說我是你女朋友這句話不矛盾嗎？）我本身就很害怕你這個人，第一次見面我會跟別人說我是你的女朋友？不好意思我沒喝多，我不知道你哪裏來的瘋言瘋語。 你讓我考慮做不做你女朋友，我一直都說的是不，你說給我三天時間，考慮好了回覆你。我回復了，也說的很明白，我只能想盡辦法委婉的表達。之後你突然來到了杭州，並且提出一起吃飯，我以朋友從外地來看我拒絕了。你要求在我家樓下見面十幾分鍾，並有你的朋友陪同你一起來，我同意了。見面後聊了十分鐘左右，你走了，晚上邀請我去酒吧，我在直播，沒看到你的信息，你大發雷霆，隨後點讚了我的黑料微博。 試問，你有沒有以：我一個人特意爲了你來杭州，你都不陪我吃飯嗎？這個點來道德綁架我？你來沒有提前跟我說，卻一口一句爲了我特意開車三個多小時過來，我都這麼不仗義陪你吃頓飯一直在打語音責怪我？ 一段時間後，你突然加回我的微信，並且提出和好吧。之後沒有像以前那樣子要求我去做什麼，不回信息就生氣。一直到昨天，你又發瘋了，我搞不懂，我是一個人，單獨的個體，我不需要跟你彙","images":[{"img":"https://static.tigerbbs.com/421733a1ede921acbccf779f82e553d6","width":"513","height":"9999"},{"img":"https://static.tigerbbs.com/8acfeb733a56e33d2f4e1d9407c2dfad","width":"595","height":"379"},{"img":"https://static.tigerbbs.com/9a6ab769b9c277228f369e671ca24628","width":"513","height":"9999"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187655265","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":34,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167229620,"gmtCreate":1624272089660,"gmtModify":1703832080141,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167229620","repostId":"169332878","repostType":1,"repost":{"id":169332878,"gmtCreate":1623816522690,"gmtModify":1703820371577,"author":{"id":"3494420044734025","authorId":"3494420044734025","name":"Lady_Susu","avatar":"https://static.tigerbbs.com/7655df6b0f443f50fb6475e358d661c0","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3494420044734025","authorIdStr":"3494420044734025"},"themes":[],"title":"驚天大瓜！王X聰和超美網紅孫一寧網上互撕，女生是真的美......","htmlText":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創&nbsp;魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","listText":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創&nbsp;魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","text":"寶，我做核酸了，做啥酸，得不到你的心酸 寶，我打疫苗了，打啥苗，愛你的每一秒 寶，我去吃藥了，吃啥藥，你最最最重要 寶，我去吃飯了，吃啥飯，想讓你乖乖就範 寶，我去吹風了，吹啥風，想你想得抽了瘋 太洗腦了，直接看內容吧..... 原創 魔都囡 今天網上最熱門的事情大家應該都聽說了，著名的王X聰和一個女網紅開撕了，這個極其少見，更少見的是一向對網紅通殺和所向披靡的王校長這回合似乎還落了下風？ 我們吃瓜想來吃全面，這個網紅並不簡單。我們寫的每個料都是有必要的，請大家不要跳着看，否則後續很多內容看不懂，比如黑料、拉拉CP等。 她現在叫is（曾用網名孫一寧，本名疑似叫孫健寧），後續在各類截圖裏會看到這個“is”名字，爲什麼說不簡單，因爲她的美貌，很多網友都認爲： 不是傳統的網紅臉，很自然。 據說已經美到了幾乎網紅的天花板，甚至可以破圈去秒殺很多的三線二線甚至一線的女明星，這樣的美貌實屬罕見。 以下我們開始要大幅面貼她的容顏，這個很重要，因爲緊接着要說的很多事情都是基於她的顏值。 至於美不美，有多美，我們不知道，大家說了算。先來靜態的： 據說很多吃顏值的網友都已經拜倒了。 很多網友叫絕的一個點在於在她臉上看不吃那種模式化的網紅臉，非常的自然和清新。 根據我們對王校長曆屆女友的面容分析，這種容顏美不美是其次，但是應該絕對長在了王校長的審美點上，略微幾張靜態圖後現在是動態圖，據很多網友說，動態圖更是一絕。 據說這是一晚上沒睡的熬夜臉： 小清新： 拍一些CM的花絮： 接來下是幾張被網友稱爲顏值暴擊的圖： 日系校園風格： 逗貓圖： 下面的這個系列據說擊潰了很多人的心理防線，讓人瞬間淪陷，我們不懂這是什麼感覺，大家看看評評： 這是她日常做直播時候的樣子： 到底有多美？我們說不上來。大家覺得呢？ 我們一向吃瓜吃全面，可能你會想，這樣的一個被廣大網友追捧爲“神顏”的女生爲何到現在纔出現在","images":[{"img":"https://static.tigerbbs.com/e983a813369e7b7eafd627c65f012928","width":"1080","height":"1602"},{"img":"https://static.tigerbbs.com/3f0b377b74c2d02eff7012db4e5b20cc","width":"589","height":"635"},{"img":"https://static.tigerbbs.com/533e159509a35da320a65ab8fad34e5d","width":"589","height":"922"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169332878","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":102,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167220639,"gmtCreate":1624271961921,"gmtModify":1703832078832,"author":{"id":"3572983704710838","authorId":"3572983704710838","name":"Simmies","avatar":"https://static.tigerbbs.com/0608b8e0ec6c2954c874d113de5d9eb9","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572983704710838","authorIdStr":"3572983704710838"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167220639","repostId":"1147979715","repostType":4,"repost":{"id":"1147979715","pubTimestamp":1624270382,"share":"https://ttm.financial/m/news/1147979715?lang=&edition=fundamental","pubTime":"2021-06-21 18:13","market":"fut","language":"en","title":"Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto","url":"https://stock-news.laohu8.com/highlight/detail?id=1147979715","media":"Bloomberg","summary":"Bitcoin trades near $33,000 amid worries over market froth\nChina’s harder regulatory stance on crypt","content":"<ul>\n <li>Bitcoin trades near $33,000 amid worries over market froth</li>\n <li>China’s harder regulatory stance on crypto is rattling traders</li>\n</ul>\n<p>Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.</p>\n<p>The largest virtual currency fell 8% to $33,070 as of 11:12 a.m. in London. Ether declined 12% to $1,993.</p>\n<p>China has ordered payment platform Alipay and domestic banks to not to provide services linked to trading of virtual currencies. The institutions were also ordered to cut off payment channels for crypto exchanges and over-the-counter platforms, the People’s Bank of China said in a statement.</p>\n<p>It’s more evidence of China’s tougher stance on crypto that’s stretching from financial regulation to the energy demands of Bitcoin mining.</p>\n<p>“The PBOC crackdown is going further than initially expected,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX. “Mining was phase one and speculation is phase two.”</p>\n<p><img src=\"https://static.tigerbbs.com/31559c8718fe04732604f944b234261f\" tg-width=\"1200\" tg-height=\"675\"></p>\n<p>Separately, a Chinese city with abundant hydropower has stepped up action to rein in mining. A Ya’an government official told at least one Bitcoin miner that the city has promised to root out all Bitcoin and Ether mining operations with a year, said a person with knowledge of the situation.</p>\n<p>In the backdrop, the appetite for risk assets has diminished after last week’s hawkish policy pivot by the Federal Reserve. Even though equity markets tipped into the green on Monday, analysts pointed to lingering jitters about frothy corners of the market.</p>\n<p>“If, as I expect, the global buy-everything unwind continues this week, Bitcoin willfeelthose chill winds,” said Jeffrey Halley, senior market analyst at Oanda Asia Pacific Pte.</p>\n<p>Some commentators have said China’s hashrate -- the computational power used to mine coins and process blockchain transactions -- is waning amid harsher regulatory oversight.</p>\n<p>The crypto faithful are also grappling with a tumble in tokens used in so-called&nbsp;decentralized-finance-- or DeFi -- applications. DeFi apps let people lend, borrow, trade and take out insurance directly from each other using blockchain technology, without use of intermediaries such as banks.</p>\n<p>For instance, the DeFi Titanium token went from being valued at around $60 to $0 -- a rare occurrence even for famously volatile crypto markets. Famed mogul Mark Cuban had invested, telling Bloomberg News earlier that though it represented a small percentage of his crypto portfolio, the wipe-out “was enough that I wasn’t happy about it.”</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>Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto</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\">\nBitcoin Falls to Two-Week Low as China Cracks Down on Crypto\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 18:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-21/bitcoin-pressured-by-post-fed-dip-in-sentiment-china-crackdown?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bitcoin trades near $33,000 amid worries over market froth\nChina’s harder regulatory stance on crypto is rattling traders\n\nBitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-21/bitcoin-pressured-by-post-fed-dip-in-sentiment-china-crackdown?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-21/bitcoin-pressured-by-post-fed-dip-in-sentiment-china-crackdown?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147979715","content_text":"Bitcoin trades near $33,000 amid worries over market froth\nChina’s harder regulatory stance on crypto is rattling traders\n\nBitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.\nThe largest virtual currency fell 8% to $33,070 as of 11:12 a.m. in London. Ether declined 12% to $1,993.\nChina has ordered payment platform Alipay and domestic banks to not to provide services linked to trading of virtual currencies. The institutions were also ordered to cut off payment channels for crypto exchanges and over-the-counter platforms, the People’s Bank of China said in a statement.\nIt’s more evidence of China’s tougher stance on crypto that’s stretching from financial regulation to the energy demands of Bitcoin mining.\n“The PBOC crackdown is going further than initially expected,” said Jonathan Cheesman, head of over-the-counter and institutional sales at crypto derivatives exchange FTX. “Mining was phase one and speculation is phase two.”\n\nSeparately, a Chinese city with abundant hydropower has stepped up action to rein in mining. A Ya’an government official told at least one Bitcoin miner that the city has promised to root out all Bitcoin and Ether mining operations with a year, said a person with knowledge of the situation.\nIn the backdrop, the appetite for risk assets has diminished after last week’s hawkish policy pivot by the Federal Reserve. Even though equity markets tipped into the green on Monday, analysts pointed to lingering jitters about frothy corners of the market.\n“If, as I expect, the global buy-everything unwind continues this week, Bitcoin willfeelthose chill winds,” said Jeffrey Halley, senior market analyst at Oanda Asia Pacific Pte.\nSome commentators have said China’s hashrate -- the computational power used to mine coins and process blockchain transactions -- is waning amid harsher regulatory oversight.\nThe crypto faithful are also grappling with a tumble in tokens used in so-called decentralized-finance-- or DeFi -- applications. DeFi apps let people lend, borrow, trade and take out insurance directly from each other using blockchain technology, without use of intermediaries such as banks.\nFor instance, the DeFi Titanium token went from being valued at around $60 to $0 -- a rare occurrence even for famously volatile crypto markets. Famed mogul Mark Cuban had invested, telling Bloomberg News earlier that though it represented a small percentage of his crypto portfolio, the wipe-out “was enough that I wasn’t happy about it.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}