Benzard personal page - To The Moon

Benzard

Benzard

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2021-08-02

Nice.

Tesla rose nearly 5% in morning trading

2021-06-15

$ContextLogic Inc.(WISH)$?

2021-03-19

$LION GROUP HOLDING LTD.(LGHL)$,?

2021-06-25

Pls like n comment.

Microsoft sent a strong signal to developers that could hurt Apple and Google

2021-06-24

???

Why I Believe NIO Will Beat Out Tesla

2021-02-22

Nice

Airbnb and DoorDash debut earnings: What to expect this week

2021-06-24

Nice

Sorry, the original content has been removed

2021-06-22

Great,Like n share.

Powell Just Launched $2 Trillion In "Heat-Seeking Missiles": Zoltan Explains How The Fed Started The Next Repo Crisis

2021-03-15

coming back ?$LION GROUP HOLDING LTD.(LGHL)$

2021-02-16

buy buy buy..

The best thing for Tesla is a slow and steady loss of market share?

2021-02-16

??

With Biden going big, Wall Street economists are growing bullish on the US economy

2021-02-16

Great ariticle, would you like to share it?

What Is Berkshire Hathaway’s Mystery Stock?

2021-08-02

???

Sorry, the original content has been removed

2021-06-24

??

Why I Believe NIO Will Beat Out Tesla

2021-06-21

[DOGE]

2021-06-19

?

U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week

2021-04-05

oh what happen to Open

2021-03-22

Alibaba

Alibaba: A Value And Growth Stock At Current Prices

2021-03-22

Great ariticle, would you like to share it?

Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000

2021-03-10

EV ?

EV Stocks are blazing hot, once again

Go to Tiger App to see more news

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like n comment.","listText":"Pls like n comment.","text":"Pls like n comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122742075","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","kind":"news","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":{"MSFT":"微软","09086":"华夏纳指-U","AAPL":"苹果","QNETCN":"纳斯达克中美互联网老虎指数","03086":"华夏纳指","GOOGL":"谷歌A","GOOG":"谷歌"},"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":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128611375,"gmtCreate":1624513293097,"gmtModify":1703838960446,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128611375","repostId":"1115900977","repostType":4,"repost":{"id":"1115900977","kind":"news","pubTimestamp":1624512939,"share":"https://ttm.financial/m/news/1115900977?lang=&edition=fundamental","pubTime":"2021-06-24 13:35","market":"us","language":"en","title":"Warren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion","url":"https://stock-news.laohu8.com/highlight/detail?id=1115900977","media":"CNBC","summary":"Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he","content":"<div>\n<p>Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.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>Warren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 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\">\nWarren Buffett is ‘halfway’ through giving away his massive fortune. Here’s why his kids will get almost none of his $100 billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-24 13:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔"},"source_url":"https://www.cnbc.com/2021/06/23/why-warren-buffett-isnt-leaving-his-100-billion-dollar-fortune-to-his-kids.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1115900977","content_text":"Warren Buffett is now halfway toward his goal of giving away his massive fortune, but even though he still has $100 billion left to give, he's not planning on sharing it with his children.\nThe investing legend on Wednesday reiterated hislong-held beliefthat his \"incomprehensible\" net worth would be better spent going toward philanthropic causes than into his kids' investment portfolios.\n\"After much observation of super-wealthy families, here's my recommendation: Leave the children enough so that they can do anything, but not enough that they can do nothing,\" he said in anote to shareholders, adding that his own adult children \"pursue philanthropic efforts that involve both money and time.\"\nThe 90-year-old says that he has observed that dynastic behavior — or the passing along of massive wealth from one generation of a family to another — is less common in the U.S. than in other countries, and that he believes its appeal will likely diminish.\nThat's not to say that Buffett's kids, now in their 60s, haven't received anything from their dad. Each child has a $2 billion foundation funded by Buffett, The Washington Postreported in 2014.\nBuffett's note announced that he had donated $4.1 billion worth ofhis Berkshire Hathaway sharesto five charitable foundations as part of his effort to give away 99% of his wealth by the end of his life, bringing his total donation tally to $41 billion.\nThe Berkshire Hathaway CEO, who at one point was the world's richest man and currently sits on a fortune worthmore than $100 billionaccording to Forbes, plans to distribute his remaining 238,624 shares to philanthropic causes.\nBuffett calls his philanthropy \"the easiest deed in the world\" because \"the giving is painless and may well lead to a better life for both you and your children.\"\n\n Society has a use for my money; I don't.Warren BuffettCEO, BERKSHIRE HATHAWAY\n\n\"Over many decades I have accumulated an almost incomprehensible sum simply by doing what I love to do,\" he said. \"I've made no sacrifice nor has my family. Compound interest, a long runway, wonderful associates and our incredible country have simply worked their magic. Society has a use for my money; I don't.\"\nBuffett first announced his plan to give away the vast majority of his fortune in 2006, when he was 75 years old and owned 474,998 shares of Berkshire Hathaway. With Wednesday's announcement, the Oracle of Omaha said that he is \"halfway there.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121242756,"gmtCreate":1624467699375,"gmtModify":1703837762152,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121242756","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</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 I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121242683,"gmtCreate":1624467684342,"gmtModify":1703837760207,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121242683","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</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 I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120861846,"gmtCreate":1624319109285,"gmtModify":1703833191851,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Great,Like n share.","listText":"Great,Like n share.","text":"Great,Like n share.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120861846","repostId":"1146982088","repostType":4,"repost":{"id":"1146982088","kind":"news","pubTimestamp":1624259620,"share":"https://ttm.financial/m/news/1146982088?lang=&edition=fundamental","pubTime":"2021-06-21 15:13","market":"us","language":"en","title":"Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=1146982088","media":"zerohedge","summary":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpect","content":"<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p>\n<p><img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p>\n<p>But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p>\n<p><img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p>\n<blockquote>\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n</blockquote>\n<p>Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p>\n<p>In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p>\n<p><img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p>\n<p>What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p>\n<p>In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p>\n<p>He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p>\n<p>Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p>\n<p><img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p>\n<p>This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p>\n<p>And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p>\n<p>Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p>\n<p>Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p>\n<p>Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p>\n<p>Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></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>Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis</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\">\nPowell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 15:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the...</p>\n\n<a href=\"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146982088","content_text":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.\nWhat does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP  facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.\nBut what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.\nThe problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:\n\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n\nBottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"\nIn retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.\nNeedless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"the re-priced RRP facility will become a problem for the banking system fast:the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market).\"\nWhat he means by that is that whereas previously the RRP rate of 0.00% did notrewardallocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.\nIn other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fedalsomade a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"\nHe's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),5bps is too generous, according to Pozsar who warns that the new reverse repo ratewill upset the state of \"singularity\"and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"\nIndeed, as shown below, bills yield less than 5 bps out to 6 months,and money funds have over $2 trillion of bills.They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.\nTo help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves withtoo fewintraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.\nThis process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.\nAnd here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,some bond-heavy banks cannot.As a result, Zoltan predicts that next \"we will notice that some banks (those who cannothandle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"\nBottom line:whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.\nOr, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.\nBottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"\nTranslation: by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167669892,"gmtCreate":1624265727616,"gmtModify":1703831930289,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"[DOGE]&nbsp;","listText":"[DOGE]&nbsp;","text":"[DOGE]","images":[{"img":"https://static.tigerbbs.com/bc5fe425a3213be44fa245b65bb99bfe","width":"1080","height":"1202"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167669892","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165132678,"gmtCreate":1624104556894,"gmtModify":1703828871307,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165132678","repostId":"1199331995","repostType":4,"repost":{"id":"1199331995","kind":"news","pubTimestamp":1624065374,"share":"https://ttm.financial/m/news/1199331995?lang=&edition=fundamental","pubTime":"2021-06-19 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199331995","media":"Renaissance","summary":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.Chinese freight platform Full Truck Alliance plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value , facilitating 22+ million fulfilled orders with GTV of nearly $8 billio","content":"<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.</p>\n<p>Chinese freight platform&nbsp;<b>Full Truck Alliance</b>(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.</p>\n<p>Healthcare manager&nbsp;<b>Bright Health Group</b>(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.</p>\n<p>Data infrastructure provider&nbsp;<b>Confluent</b>(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.</p>\n<p>Car wash brand&nbsp;<b>Mister Car Wash</b>(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.</p>\n<p>Digital physicians network&nbsp;<b>Doximity</b>(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.</p>\n<p>Customer experience software provider&nbsp;<b>Sprinklr</b>(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.</p>\n<p>HR platform provider&nbsp;<b>First Advantage</b>(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.</p>\n<p>Chinese social networking platform&nbsp;<b>Soulgate</b>(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.</p>\n<p>Digital financial services provider&nbsp;<b>AMTD Digital</b>(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.</p>\n<p>Organ bioengineering company&nbsp;<b>Miromatrix Medical</b>(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.</p>\n<p>Kidney disease biotech&nbsp;<b>Unicycive Therapeutics</b>(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.</p>\n<p>Antibiotic biotech&nbsp;<b>Acurx Pharmaceuticals</b>(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.</p>\n<table>\n <tbody>\n  <tr>\n   <th>U.S. IPO Calendar</th>\n  </tr>\n  <tr>\n   <th>Issuer Business</th>\n   <th>Deal Size Market Cap</th>\n   <th>Price Range Shares Filed</th>\n   <th>Top Bookrunners</th>\n  </tr>\n  <tr>\n   <td><p>Full Truck Alliance (YMM)</p><p>Guiyang, China</p></td>\n   <td>$1,485M$19,723M</td>\n   <td>$17 - $1982,500,000</td>\n   <td>Morgan StanleyCICC</td>\n  </tr>\n  <tr>\n   <td>Digital freight platform that connects shippers and truckers in China.</td>\n  </tr>\n  <tr>\n   <td><p>First Advantage (FA)</p><p>Atlanta, GA</p></td>\n   <td>$298M$2,097M</td>\n   <td>$13 - $1521,250,000</td>\n   <td>BarclaysBofA</td>\n  </tr>\n  <tr>\n   <td>Provides background checks and other services to corporate customers.</td>\n  </tr>\n  <tr>\n   <td><p>Sprinklr (CXM)</p><p>New York, NY</p></td>\n   <td>$361M$5,541M</td>\n   <td>$18 - $2019,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides customer experience management software for enterprises.</td>\n  </tr>\n  <tr>\n   <td><p>Bright Health Group (BHG)</p><p>Minneapolis, MN</p></td>\n   <td>$1,290M$15,385M</td>\n   <td>$20 - $2360,000,000</td>\n   <td>JP MorganGoldman</td>\n  </tr>\n  <tr>\n   <td>Provides health insurance and other healthcare services.</td>\n  </tr>\n  <tr>\n   <td><p>Confluent (CFLT)</p><p>Mountain View, CA</p></td>\n   <td>$713M$10,033M</td>\n   <td>$29 - $3323,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides an enterprise platform that collects and processes real-time data streams.</td>\n  </tr>\n  <tr>\n   <td><p>Doximity (DOCS)</p><p>San Francisco, CA</p></td>\n   <td>$501M$4,549M</td>\n   <td>$20 - $2323,300,000</td>\n   <td>Morgan StanleyGoldman</td>\n  </tr>\n  <tr>\n   <td>Professional network for physicians with telehealth and scheduling tools.</td>\n  </tr>\n  <tr>\n   <td><p>Soulgate (SSR)</p><p>Shanghai, China</p></td>\n   <td>$185M$1,824M</td>\n   <td>$13 - $1513,200,000</td>\n   <td>Morgan StanleyJefferies</td>\n  </tr>\n  <tr>\n   <td>Provides the gamified social networking app Soul in China.</td>\n  </tr>\n  <tr>\n   <td><p>Acurx Pharmaceuticals (ACXP)</p><p>Staten Island, NY</p></td>\n   <td>$15M$62M</td>\n   <td>$5 - $72,500,000</td>\n   <td>Alexander CapitalNetwork 1</td>\n  </tr>\n  <tr>\n   <td>Phase 2 biotech developing antibiotics for antibiotic-resistant pathogens.</td>\n  </tr>\n  <tr>\n   <td><p>Mister Car Wash (MCW)</p><p>Tucson, AZ</p></td>\n   <td>$600M$5,256M</td>\n   <td>$15 - $1737,500,000</td>\n   <td>BofAMorgan Stanley</td>\n  </tr>\n  <tr>\n   <td>Leading national car wash brand with 344 locations across the US.</td>\n  </tr>\n  <tr>\n   <td><p>AMTD Digital (HKD)</p><p>Hong Kong, China</p></td>\n   <td>$120M$1,388M</td>\n   <td>$6.80 - $8.2016,000,000</td>\n   <td>AMTD GlobalLoop Capital</td>\n  </tr>\n  <tr>\n   <td>Digital financial services provider being spun out of AMTD.</td>\n  </tr>\n  <tr>\n   <td><p>Miromatrix Medical (MIRO)</p><p>Eden Prairie, MN</p></td>\n   <td>$32M$162M</td>\n   <td>$7 - $94,000,000</td>\n   <td>Craig-Hallum</td>\n  </tr>\n  <tr>\n   <td>Developing novel bioengineering technology for organ transplants.</td>\n  </tr>\n  <tr>\n   <td><p>Unicycive Therapeutics (UNCY)</p><p>Los Altos, CA</p></td>\n   <td>$25M$116M</td>\n   <td>$8.50 - $10.502,635,000</td>\n   <td>Roth Cap.</td>\n  </tr>\n  <tr>\n   <td>Early-stage biotech developing in-licensed therapies for kidney disease.</td>\n  </tr>\n </tbody>\n</table>\n<p>Street research is expected for seven companies, and lock-up periods will be expiring for up to two companies.</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>U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week><strong>Renaissance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCS":"Doximity, Inc.","FA":"First Advantage Corp.","MCW":"Mister Car Wash, Inc.","CFLT":"Confluent, Inc.","YMM":"满帮","CXM":"Sprinklr, Inc."},"source_url":"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1199331995","content_text":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.\nHealthcare manager Bright Health Group(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.\nData infrastructure provider Confluent(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.\nCar wash brand Mister Car Wash(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.\nDigital physicians network Doximity(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.\nCustomer experience software provider Sprinklr(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.\nHR platform provider First Advantage(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.\nChinese social networking platform Soulgate(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.\nDigital financial services provider AMTD Digital(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.\nOrgan bioengineering company Miromatrix Medical(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.\nKidney disease biotech Unicycive Therapeutics(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.\nAntibiotic biotech Acurx Pharmaceuticals(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.\n\n\n\nU.S. IPO Calendar\n\n\nIssuer Business\nDeal Size Market Cap\nPrice Range Shares Filed\nTop Bookrunners\n\n\nFull Truck Alliance (YMM)Guiyang, China\n$1,485M$19,723M\n$17 - $1982,500,000\nMorgan StanleyCICC\n\n\nDigital freight platform that connects shippers and truckers in China.\n\n\nFirst Advantage (FA)Atlanta, GA\n$298M$2,097M\n$13 - $1521,250,000\nBarclaysBofA\n\n\nProvides background checks and other services to corporate customers.\n\n\nSprinklr (CXM)New York, NY\n$361M$5,541M\n$18 - $2019,000,000\nMorgan StanleyJP Morgan\n\n\nProvides customer experience management software for enterprises.\n\n\nBright Health Group (BHG)Minneapolis, MN\n$1,290M$15,385M\n$20 - $2360,000,000\nJP MorganGoldman\n\n\nProvides health insurance and other healthcare services.\n\n\nConfluent (CFLT)Mountain View, CA\n$713M$10,033M\n$29 - $3323,000,000\nMorgan StanleyJP Morgan\n\n\nProvides an enterprise platform that collects and processes real-time data streams.\n\n\nDoximity (DOCS)San Francisco, CA\n$501M$4,549M\n$20 - $2323,300,000\nMorgan StanleyGoldman\n\n\nProfessional network for physicians with telehealth and scheduling tools.\n\n\nSoulgate (SSR)Shanghai, China\n$185M$1,824M\n$13 - $1513,200,000\nMorgan StanleyJefferies\n\n\nProvides the gamified social networking app Soul in China.\n\n\nAcurx Pharmaceuticals (ACXP)Staten Island, NY\n$15M$62M\n$5 - $72,500,000\nAlexander CapitalNetwork 1\n\n\nPhase 2 biotech developing antibiotics for antibiotic-resistant pathogens.\n\n\nMister Car Wash (MCW)Tucson, AZ\n$600M$5,256M\n$15 - $1737,500,000\nBofAMorgan Stanley\n\n\nLeading national car wash brand with 344 locations across the US.\n\n\nAMTD Digital (HKD)Hong Kong, China\n$120M$1,388M\n$6.80 - $8.2016,000,000\nAMTD GlobalLoop Capital\n\n\nDigital financial services provider being spun out of AMTD.\n\n\nMiromatrix Medical (MIRO)Eden Prairie, MN\n$32M$162M\n$7 - $94,000,000\nCraig-Hallum\n\n\nDeveloping novel bioengineering technology for organ transplants.\n\n\nUnicycive Therapeutics (UNCY)Los Altos, CA\n$25M$116M\n$8.50 - $10.502,635,000\nRoth Cap.\n\n\nEarly-stage biotech developing in-licensed therapies for kidney disease.\n\n\n\nStreet research is expected for seven companies, and lock-up periods will be expiring for up to two companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184175035,"gmtCreate":1623694082227,"gmtModify":1704208922814,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[{"img":"https://static.tigerbbs.com/dd912cdaf3d555993ad1607ee037f604","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184175035","isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":349451581,"gmtCreate":1617633838143,"gmtModify":1704701186315,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"oh what happen to Open","listText":"oh what happen to Open","text":"oh what happen to Open","images":[{"img":"https://static.tigerbbs.com/dc7c295e8312baab64a1e2aafe8ebeff","width":"1080","height":"3073"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349451581","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359702279,"gmtCreate":1616422520591,"gmtModify":1704793920092,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Alibaba","listText":"Alibaba","text":"Alibaba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359702279","repostId":"1163218484","repostType":2,"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359209840,"gmtCreate":1616400311480,"gmtModify":1704793502901,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/359209840","repostId":"2121145191","repostType":4,"repost":{"id":"2121145191","kind":"news","pubTimestamp":1616354671,"share":"https://ttm.financial/m/news/2121145191?lang=&edition=fundamental","pubTime":"2021-03-22 03:24","market":"us","language":"en","title":"Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000","url":"https://stock-news.laohu8.com/highlight/detail?id=2121145191","media":"Bloomberg","summary":" -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.Ark expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.It also added Tesla’s insurance business into its model,","content":"<p>(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.</p>\n<p>Ark expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.</p>\n<p>It also added Tesla’s insurance business into its model, believing the offering could be rolled out to more states in the next few years with better-than-average margins, thanks to “highly detailed driving data” the company collects.</p>\n<p>Wood has been among Tesla’s most ardent supporters, holding large stakes of the company in her flagship fund. When Tesla shares saw a pullback in February, she bought more.</p>\n<p>The $3,000 target is by far the highest among analysts who cover the company, according to data compiled by Bloomberg.</p>\n<p>According to Ark’s new model, in the best case scenario, Tesla could reach $4,000 per share in 2025, and in the bear case, $1,500. The company forecasts Tesla’s unit sales to be between 5 million and 10 million vehicles in 2025, assuming increased capital efficiency.</p>\n<p>The model didn’t incorporate Tesla’s utility energy storage or solar business, nor did it consider future price fluctuations for Tesla’s Bitcoin holdings.</p>\n<p>Barron’s reported the price target earlier.</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>Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Ark Has a New Price Target for Tesla: $3,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 03:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0a8fe18513af94b700c5acc57c5ec21","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2121145191","content_text":"(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.\nArk expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.\nIt also added Tesla’s insurance business into its model, believing the offering could be rolled out to more states in the next few years with better-than-average margins, thanks to “highly detailed driving data” the company collects.\nWood has been among Tesla’s most ardent supporters, holding large stakes of the company in her flagship fund. When Tesla shares saw a pullback in February, she bought more.\nThe $3,000 target is by far the highest among analysts who cover the company, according to data compiled by Bloomberg.\nAccording to Ark’s new model, in the best case scenario, Tesla could reach $4,000 per share in 2025, and in the bear case, $1,500. The company forecasts Tesla’s unit sales to be between 5 million and 10 million vehicles in 2025, assuming increased capital efficiency.\nThe model didn’t incorporate Tesla’s utility energy storage or solar business, nor did it consider future price fluctuations for Tesla’s Bitcoin holdings.\nBarron’s reported the price target earlier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350926638,"gmtCreate":1616152300124,"gmtModify":1704791586421,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>,?","listText":"<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>,?","text":"$LION GROUP HOLDING LTD.(LGHL)$,?","images":[{"img":"https://static.tigerbbs.com/9bd32c20b8bc8de7d4a2f0601069c00d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350926638","isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322877380,"gmtCreate":1615799274540,"gmtModify":1704786641528,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"coming back ?<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>","listText":"coming back ?<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>","text":"coming back ?$LION GROUP HOLDING LTD.(LGHL)$","images":[{"img":"https://static.tigerbbs.com/f373342e2e61f6d63a609b0028d209a0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322877380","isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":321997233,"gmtCreate":1615388126622,"gmtModify":1704782092720,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"EV ?","listText":"EV ?","text":"EV ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321997233","repostId":"1117878459","repostType":4,"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362426357,"gmtCreate":1614660018779,"gmtModify":1704773667926,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/362426357","repostId":"2116550361","repostType":2,"isVote":1,"tweetType":1,"viewCount":77,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362696226,"gmtCreate":1614617121165,"gmtModify":1704773209580,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/IPOE\">$Social Capital Hedosophia Holdings Corp. 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V(IPOE)$?","images":[{"img":"https://static.tigerbbs.com/afcfc3b0d646dc9c948891bb26a3a0c6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/362696226","isVote":1,"tweetType":1,"viewCount":67,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361037845,"gmtCreate":1614178485787,"gmtModify":1704889189233,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/361037845","repostId":"1115367460","repostType":4,"isVote":1,"tweetType":1,"viewCount":129,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369240306,"gmtCreate":1614051519105,"gmtModify":1704887358982,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/369240306","repostId":"1175731087","repostType":4,"repost":{"id":"1175731087","kind":"news","pubTimestamp":1614049350,"share":"https://ttm.financial/m/news/1175731087?lang=&edition=fundamental","pubTime":"2021-02-23 11:02","market":"us","language":"en","title":"Tesla Stock Is in a Bear Market. It’s Taking Other EV Stocks With It.","url":"https://stock-news.laohu8.com/highlight/detail?id=1175731087","media":"Barrons","summary":"Stock in the electric- vehicle pioneer Tesla is now in bear-market territory. That’s a problem for the entire EV sector.Tesla shares closed down 8.6% Monday at $714.50 a share. That leaves them down almost $186 from the 52-week high of $900.40 they reached in January. That’s a drop of roughly 21%.Of course, Tesla is the 800-pound gorilla in the EV sector. It is worth almost as much as all other traditional car makers combined. And when Tesla stock drops, other EV stocks follow because Wall Stree","content":"<p>Stock in the electric- vehicle pioneer&nbsp;Tesla&nbsp;is now in&nbsp;bear-market&nbsp;territory. That’s a problem for the entire&nbsp;EV sector.</p><p>Tesla shares closed down 8.6% Monday at $714.50 a share. That leaves them down almost $186 from the 52-week high of $900.40 they reached in January. That’s a drop of roughly 21%.</p><p>It seems odd to say, given that the term is usually applied to broad groups of stocks, but there is a new bear market—a drop of 20% from a high—in Tesla shares.</p><p>Of course, Tesla is the&nbsp;800-pound gorilla&nbsp;in the EV sector. It is worth almost as much as all other traditional car makers combined. And when Tesla stock drops, other EV stocks follow because Wall Street often relies on Tesla’s valuation to come up with price targets.</p><p>Monday, shares of three other&nbsp;high-flying&nbsp;EV stocks with significant sales—NIO(NIO),XPeng(XPEV) andLi Auto(LI)—fell roughly 7% to 8%. And since Tesla stock hit its all-time high, NIO, XPeng and&nbsp;Li Auto&nbsp;shares are down roughly 20% on average, just like Tesla.</p><p>It looks as if Tesla is the benchmark for EV stocks just like the&nbsp;S&amp;P 500&nbsp;is the basis for comparison for U.S. stocks. That raises an interesting idea for EV investors: the Tesla version of beta. The beta concept can be thought of, in a sense, as a measure of a stock’s systemic risk. What happens to a market is linked to what happens to an individual stock by that stock’s beta.</p><p>If a stock, for instance, has a beta of 2, it would be expected to rise about 2% if the market rose 1%. Beta values aren’t always above 1. Gold-mining companies in theS&amp;P 500,for instance, have a beta of roughly 0.5, so they don’t rise as fast if the broader index goes up.</p><p>Investors can interpret the gold beta as saying roughly half of what happens to those golds stock is explained by what happens to the S&amp;P 500, and the other half is due to other factors, such as what’s going on with gold prices.</p><p>Beta is just a mathematical calculation. Investors, if they want, can calculate a stock’s beta relative to atmospheric pressure in Central Park. The math has to mean something, though, so no one does that. In the case of EVs, however, the idea of Tesla-as-risk to any EV stock doesn’t feel like a stretch.</p><p>The “Tesla beta” of the three Chinese EV stocks—NIO, XPeng and Li—is about 0.5. That can be interpreted, as with gold stocks, as saying about half of what happens to those three shares is a function of what happens to Tesla stock.</p><p>It’s an interesting idea. But what is happening to Tesla stock anyway?</p><p>It’s all about the potential for higher inflation. Increasing inflation, a growing concern in the market, tends to punish high-growth stocks more than low-growth stocks because of the way financial discount rates work. Most of Tesla’s cash flow comes in future years, and future cash flow is worth less today when interest rates rise.</p><p>Monday, many growth stocks took it on the chin. The&nbsp;Nasdaq Composite,known as the home of many fast-growing tech companies, fell 2.5%. Tesla’s beta value relative to the Nasdaq is about 2, so investors shouldn’t be surprised by a 5% drop in Tesla stock.</p><p>Tesla shares fell 9%, though. The extra 4% remains a mystery. The news site&nbsp;Electrek&nbsp;reported Tesla stopped taking orders for its lowest-priced Model Y, but high demand for lower-price EV models isn’t really a bad thing.</p><p><img src=\"https://static.tigerbbs.com/728e2afa9536498c3500bf3fdae26f29\" tg-width=\"642\" tg-height=\"213\" referrerpolicy=\"no-referrer\"></p><p>CEO&nbsp;Elon Musk&nbsp;is also spending a lot of time tweeting about&nbsp;cryptocurrencies. That might be unnerving Tesla investors. His tweeting, however, isn’t really any different than recent history. Musk is famous for his tweeting on lots of topics.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Is in a Bear Market. It’s Taking Other EV Stocks With It.</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 Is in a Bear Market. It’s Taking Other EV Stocks With It.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 11:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tesla-stock-is-in-a-bear-market-its-taking-other-ev-stocks-with-it-51614034570?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock in the electric- vehicle pioneer Tesla is now in bear-market territory. That’s a problem for the entire EV sector.Tesla shares closed down 8.6% Monday at $714.50 a share. That leaves them down ...</p>\n\n<a href=\"https://www.barrons.com/articles/tesla-stock-is-in-a-bear-market-its-taking-other-ev-stocks-with-it-51614034570?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车","TSLA":"特斯拉","NIO":"蔚来","LI":"理想汽车"},"source_url":"https://www.barrons.com/articles/tesla-stock-is-in-a-bear-market-its-taking-other-ev-stocks-with-it-51614034570?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175731087","content_text":"Stock in the electric- vehicle pioneer Tesla is now in bear-market territory. That’s a problem for the entire EV sector.Tesla shares closed down 8.6% Monday at $714.50 a share. That leaves them down almost $186 from the 52-week high of $900.40 they reached in January. That’s a drop of roughly 21%.It seems odd to say, given that the term is usually applied to broad groups of stocks, but there is a new bear market—a drop of 20% from a high—in Tesla shares.Of course, Tesla is the 800-pound gorilla in the EV sector. It is worth almost as much as all other traditional car makers combined. And when Tesla stock drops, other EV stocks follow because Wall Street often relies on Tesla’s valuation to come up with price targets.Monday, shares of three other high-flying EV stocks with significant sales—NIO(NIO),XPeng(XPEV) andLi Auto(LI)—fell roughly 7% to 8%. And since Tesla stock hit its all-time high, NIO, XPeng and Li Auto shares are down roughly 20% on average, just like Tesla.It looks as if Tesla is the benchmark for EV stocks just like the S&P 500 is the basis for comparison for U.S. stocks. That raises an interesting idea for EV investors: the Tesla version of beta. The beta concept can be thought of, in a sense, as a measure of a stock’s systemic risk. What happens to a market is linked to what happens to an individual stock by that stock’s beta.If a stock, for instance, has a beta of 2, it would be expected to rise about 2% if the market rose 1%. Beta values aren’t always above 1. Gold-mining companies in theS&P 500,for instance, have a beta of roughly 0.5, so they don’t rise as fast if the broader index goes up.Investors can interpret the gold beta as saying roughly half of what happens to those golds stock is explained by what happens to the S&P 500, and the other half is due to other factors, such as what’s going on with gold prices.Beta is just a mathematical calculation. Investors, if they want, can calculate a stock’s beta relative to atmospheric pressure in Central Park. The math has to mean something, though, so no one does that. In the case of EVs, however, the idea of Tesla-as-risk to any EV stock doesn’t feel like a stretch.The “Tesla beta” of the three Chinese EV stocks—NIO, XPeng and Li—is about 0.5. That can be interpreted, as with gold stocks, as saying about half of what happens to those three shares is a function of what happens to Tesla stock.It’s an interesting idea. But what is happening to Tesla stock anyway?It’s all about the potential for higher inflation. Increasing inflation, a growing concern in the market, tends to punish high-growth stocks more than low-growth stocks because of the way financial discount rates work. Most of Tesla’s cash flow comes in future years, and future cash flow is worth less today when interest rates rise.Monday, many growth stocks took it on the chin. The Nasdaq Composite,known as the home of many fast-growing tech companies, fell 2.5%. Tesla’s beta value relative to the Nasdaq is about 2, so investors shouldn’t be surprised by a 5% drop in Tesla stock.Tesla shares fell 9%, though. The extra 4% remains a mystery. The news site Electrek reported Tesla stopped taking orders for its lowest-priced Model Y, but high demand for lower-price EV models isn’t really a bad thing.CEO Elon Musk is also spending a lot of time tweeting about cryptocurrencies. That might be unnerving Tesla investors. His tweeting, however, isn’t really any different than recent history. Musk is famous for his tweeting on lots of topics.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":804981677,"gmtCreate":1627916133599,"gmtModify":1703497882254,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Nice.&nbsp;","listText":"Nice.&nbsp;","text":"Nice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/804981677","repostId":"1155693481","repostType":4,"repost":{"id":"1155693481","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1627913458,"share":"https://ttm.financial/m/news/1155693481?lang=&edition=fundamental","pubTime":"2021-08-02 22:10","market":"us","language":"en","title":"Tesla rose nearly 5% in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1155693481","media":"Tiger Newspress","summary":" $Tesla Motors$ rose nearly 5% in morning trading.Elon Musk confirms Tesla AI Day will be on August 19.In addition ,Last Thursday, Benzinga Proalerted its users Tesla hadfiled a patentthat would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.The patent, titled “Metal Sulfate Manufacturing System via Electrochemical Dissolution,” would allow the EV and technology company to recover the two crucial raw battery metals and reuse them making its supply chain more ","content":"<p>(August 2)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> rose nearly 5% in morning trading.</p>\n<p>Elon Musk confirms Tesla AI Day will be on August 19.</p>\n<p>In&nbsp;addition&nbsp;,Last Thursday,&nbsp;Benzinga Proalerted its users Tesla hadfiled a patentthat would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.</p>\n<p>The patent, titled “Metal Sulfate Manufacturing System via Electrochemical Dissolution,” would allow the EV and technology company to recover the two crucial raw battery metals and reuse them making its supply chain more efficient.</p>\n<p><img src=\"https://static.tigerbbs.com/9faf5c64c1d04f0efe8c72c78addc130\" tg-width=\"725\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></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>Tesla rose nearly 5% in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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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 rose nearly 5% in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 22:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(August 2)&nbsp;<a href=\"https://laohu8.com/S/TSLA\">Tesla Motors</a> rose nearly 5% in morning trading.</p>\n<p>Elon Musk confirms Tesla AI Day will be on August 19.</p>\n<p>In&nbsp;addition&nbsp;,Last Thursday,&nbsp;Benzinga Proalerted its users Tesla hadfiled a patentthat would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.</p>\n<p>The patent, titled “Metal Sulfate Manufacturing System via Electrochemical Dissolution,” would allow the EV and technology company to recover the two crucial raw battery metals and reuse them making its supply chain more efficient.</p>\n<p><img src=\"https://static.tigerbbs.com/9faf5c64c1d04f0efe8c72c78addc130\" tg-width=\"725\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155693481","content_text":"(August 2) Tesla Motors rose nearly 5% in morning trading.\nElon Musk confirms Tesla AI Day will be on August 19.\nIn addition ,Last Thursday, Benzinga Proalerted its users Tesla hadfiled a patentthat would allow it to recover and recycle nickel and cobalt from old lithium-ion EV batteries.\nThe patent, titled “Metal Sulfate Manufacturing System via Electrochemical Dissolution,” would allow the EV and technology company to recover the two crucial raw battery metals and reuse them making its supply chain more efficient.","news_type":1},"isVote":1,"tweetType":1,"viewCount":297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184175035,"gmtCreate":1623694082227,"gmtModify":1704208922814,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","listText":"<a href=\"https://laohu8.com/S/WISH\">$ContextLogic Inc.(WISH)$</a>?","text":"$ContextLogic Inc.(WISH)$?","images":[{"img":"https://static.tigerbbs.com/dd912cdaf3d555993ad1607ee037f604","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/184175035","isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":350926638,"gmtCreate":1616152300124,"gmtModify":1704791586421,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>,?","listText":"<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>,?","text":"$LION GROUP HOLDING LTD.(LGHL)$,?","images":[{"img":"https://static.tigerbbs.com/9bd32c20b8bc8de7d4a2f0601069c00d","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350926638","isVote":1,"tweetType":1,"viewCount":69,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":122742075,"gmtCreate":1624634746397,"gmtModify":1703842437252,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Pls like n comment.","listText":"Pls like n comment.","text":"Pls like n comment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122742075","repostId":"2146023165","repostType":4,"repost":{"id":"2146023165","kind":"news","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":{"MSFT":"微软","09086":"华夏纳指-U","AAPL":"苹果","QNETCN":"纳斯达克中美互联网老虎指数","03086":"华夏纳指","GOOGL":"谷歌A","GOOG":"谷歌"},"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":655,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121242683,"gmtCreate":1624467684342,"gmtModify":1703837760207,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121242683","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</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 I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":157,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360701254,"gmtCreate":1613972795078,"gmtModify":1704886318648,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360701254","repostId":"1163958969","repostType":4,"repost":{"id":"1163958969","kind":"news","pubTimestamp":1613963181,"share":"https://ttm.financial/m/news/1163958969?lang=&edition=fundamental","pubTime":"2021-02-22 11:06","market":"us","language":"en","title":"Airbnb and DoorDash debut earnings: What to expect this week","url":"https://stock-news.laohu8.com/highlight/detail?id=1163958969","media":"Yahoo Finance","summary":"Investors this week are gearing up to hear from Federal Reserve Chair Jerome Powell in his semiannua","content":"<p>Investors this week are gearing up to hear from Federal Reserve Chair Jerome Powell in his semiannual monetary policy testimony before Congress and to receive a set of corporate earnings results from Airbnb and DoorDash —two newly public companies.</p>\n<p>Powell's testimony will take place Tuesday before the Senate Banking Committee and on Wednesday before the House Financial Services Committee.</p>\n<p>In recent public appearances, Powell has reiterated that the central bank would maintain an easy monetary policy posturing in order to support the economy as it emerges from the coronavirus pandemic. Notably, labor market data — including a host of disappointing&nbsp;weekly jobless claims&nbsp;reports and&nbsp;weak January&nbsp;andDecember&nbsp;monthly jobs reports — have pointed to a job market still under considerable strain due to the pandemic, making the case that aggressive policy responses should remain in place as a lifeline.</p>\n<p>\"[Powell] will likely note recent progress in the data but reiterate that the economy is far from fully recovered, thereby defending accommodative monetary policy,\" Bank of America economist Michelle Meyer said in a note Friday.</p>\n<p>The Fed's ongoing response to the coronavirus pandemic has involved a massive asset purchase program totaling $120 billion per month, alongside ultra-low interest rates. Officials have suggested benchmark rates will remain&nbsp;near zero until at least 2023.</p>\n<p>But one of the side effects of a strong, policy-supported recovery, however, has been higher rates, as well as the specter of rising inflation. Powell and other Fed officials have suggested they would seek inflation that averages 2% over time, implying they would allow for some overshoot to offset what has been persistently low inflationary trends. However, Fed officials have also been increasingly queried on how much inflation they might tolerate coming out of the pandemic, given that while higher rates and rising prices are natural byproducts of an economy on the rebound, they can also become a hindrance to the pace of recovery if they occur too quickly.</p>\n<p>\"There is a delicate balance: strong growth could prompt a faster rise in rates, driving up borrowing costs and weighing on risky assets, limiting upside economic growth,\" Meyer added.</p>\n<p>However, Powell has suggested that any&nbsp;jump in inflation in the coming months will be transitory. As March approaches, inflation may appear to spike on a year-over-year basis, given that 2020's data was so heavily depressed by the onset of the pandemic. But these effects will likely dissipate later in 2021, and will not reflect overheating in underlying inflationary trends, Powell has maintained.</p>\n<p>\"We believe [Powell] will reiterate that now is not the time to be discussing an exit strategy for monetary accommodation considering significant uncertainty,\" Nomura economist Lewis Alexander wrote in a note Friday. \"Moreover, he will likely seek to downplay any concerns over inflation given upcoming base effects in Q2. the relatively weak December and January employment reports will offer Powell an opportunity to highlight the significant progress the labor market still needs to make before approaching 'full employment.'\"</p>\n<p>Powell may also use his testimony to reiterate his call for additional fiscal support from Congress to augment the support offered through the Fed's policies. During Powell's last FOMC press conference in late January, he&nbsp;characterized fiscal support as \"absolutely essential\"&nbsp;to the economic recovery, while declining to offer an assessment of how much additional aid might be appropriate out of Congress.</p>\n<p>Other Fed officials have recently suggested a large fiscal package, such as the $1.9 trillion proposal under debate in Congress, would be warranted by the current economic situation.Boston Fed President Eric Rosengren told Reuters on Friday&nbsp;that the \"big fiscal package that is being considered right now\" was \"appropriately big,\" while&nbsp;New York Fed President John Williams told CNBC he was \"not really concerned about fiscal support right now being excessive.\"</p>\n<p><b>Airbnb, DoorDash earnings</b></p>\n<p>Newly public companies Airbnb (ABNB) and DoorDash (DASH) are poised to report their first-ever quarterly results as public companies on Thursday, offering a fresh look at the businesses following their massive public debuts.</p>\n<p>Since going public, Airbnb's stock has enjoyed a run-up of nearly 200%, fueled by optimism over the business's long-term growth potential in a post-pandemic world. Though Airbnb saw gross booking value (GBV) decline by 39% in the first nine months of 2020, the company had been growing more strongly leading up to the pandemic, with bookings surging by 29% during its full fiscal 2019.</p>\n<p>However, Airbnb's fourth quarter report will still show negative impacts from the virus,the company warned in its prospectus late last year.</p>\n<p>\"During the fourth quarter of 2020, another wave of COVID-19 infections emerged. As a result, countries imposed strict lockdowns, in particular in Europe. Similar to the impact of the initial COVID-19 wave in March 2020, we are seeing a decrease in bookings in the most affected regions,\" according to the filing. \"As a result, we expect significantly greater year-over-year decline in Nights and Experiences Booked and GBV in the fourth quarter of 2020 than in the third quarter of 2020 and greater year-over-year increases in cancellations and alterations in the fourth quarter of 2020 than in the third quarter of 2020.\"</p>\n<p>That said, Airbnb has been touted by some analysts as a&nbsp;better alternative to traditional hotels during and after the pandemic,given that users can book entire, socially distant homes and other alternative accommodations rather than lodges with communal lobbies. Still, the valuation of the stock has left others on the sidelines, given the firm's $120 billion market capitalization — or nearly three times Marriott's (MAR) $44 billion market cap, for comparison – and persistent losses. Airbnb's stock has 12 Buy ratings or equivalents, 21 Hold ratings and 3 Sell ratings by analysts on Wall Street, according to Bloomberg data.</p>\n<p>All told, Airbnb is expected to report an adjusted EBITDA loss of $132.86 million in the fourth quarter on revenue of $739.37 million, according to Bloomberg consensus data. That would compare to an adjusted EBITDA loss of $276.39 million in the same period of 2019, on revenue of $1.1 billion.</p>\n<p>Meanwhile, DoorDash is set to report fourth-quarter results following a similarly strong run-up since its December public debut. DoorDash shares have more than doubled&nbsp;since its initial public offering in early December.</p>\n<p>DoorDash has been an unequivocal beneficiary during the pandemic period, as consumers sheltering in place increasingly ordered food for delivery rather than going out to restaurants.</p>\n<p>Though DoorDash has largely been a money-losing business, the company briefly posted net income in the second quarter of 2020, aided by an influx of demand during the height of stay-in-place orders last spring. The company's revenue also swelled, ballooning by more than 200% in the nine months ending in September over the same period in 2019.</p>\n<p>However, DoorDash has also had to contend with an inundation of competition in the food delivery space, which has impacted the companies' pricing power and profit-making potential.</p>\n<p>UberEats, for instance, has also grown significantly over the course of the pandemic. In results reported earlier this month, Uber revealed that its&nbsp;food delivery business grew gross bookings by 130%,suggesting still-elevated food delivery trends in the final three months of last year. Whether this demand will remain in place once more vaccines roll out and in-person dining reopenings more extensively, however, remains to be seen.</p>\n<p>Consensus analysts expect DoorDash to post an adjusted EBITDA profit of $95.64 million in the fourth quarter on revenue of $926.41 million, according to Bloomberg data. That would compare to an adjusted EBITDA loss of $103 million on revenue of $298 million&nbsp;in the same period in 2019.</p>\n<p><b>Earnings Calendar</b></p>\n<ul>\n <li><p><b>Monday:</b>Dish Network (DISH), Royal Caribbean Group (RCL), Discovery Inc. (DISCA) before market open; Diamondback Energy (FANG), ZoomInfo Technologies (ZI), Palo Alto Networks (PANW), The RealReal (REAL), Occidental Petroleum (OXY), Marathon Oil (MRO) after market close</p></li>\n <li><p><b>Tuesday:</b>Home Depot (HD), Macy's (M) before market open; Intuit (INTU), Square (SQ) after market close</p></li>\n <li><p><b>Wednesday:</b>Viacom (VIAC), Six Flags Entertainment (SIX), Overstock.com (OSTK), Lowe's (LOW), TJX Companies (TJX) before market open; Apache (APA), Nvidia (NVDA), Teladoc (TDOC), L Brands (LB), Booking Holdings (BKNG)</p></li>\n <li><p><b>Thursday:</b>Airbnb (ABNB), PG&amp;E (PCG), Domino's Pizza (DPZ), Wayfair (W), Best Buy (BBY), Moderna (MRNA), Plug Power (PLUG), Norwegian Cruise Line Holdings (NCLH) before market open; Dell Technologies (DELL), Caesars Entertainment (CZR), Virgin Galactic Holdings (SPCE), DoorDash (DASH), Nikola (NKLA), Rocket Cos. (RKT), HP Inc (HPQ), Zscaler (ZS), Salesforce.com (CRM), Workday (WDAY), Autodesk (ADSK), Shake Shack (SHAK), Airbnb (ABNB), WW International (WW), Beyond Meat (BYND), VMWare (VMW), Etsy (ETSY), Live Nation Entertainment (LYV) after market close</p></li>\n <li><p><b>Friday:</b>DraftKings (DKNG), Cinemark Holdings (CNK) before market open</p></li>\n</ul>\n<p><b>Economic Calendar</b></p>\n<ul>\n <li><p><b>Monday:</b>Chicago Fed National Activity Index, January (0.50 expected, 0.52 in December); Leading Index, January (0.3% expected, 0.3% in December); Dallas Fed Manufacturing Activity, February (5.0 expected, 7.0 in January)</p></li>\n <li><p><b>Tuesday:</b>FHFA House Price Index, month-over-month, December (1.0% in November); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, December (1.42% in November); S&amp;P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, December (9.08% in November); Conference Board Consumer Confidence, February (90.0 expected, 89.3 in January); Richmond Fed Manufacturing Index, February (14 in January)</p></li>\n <li><p><b>Wednesday:</b>MBA Mortgage Applications, week ended February 19 (-5.1% during prior week); New home sales, January (859,000 expected, 842,000 in December)</p></li>\n <li><p><b>Thursday:</b>Durable Goods Orders, January preliminary (1.2% expected, 0.5% in December); Durable Goods excluding transportation, January preliminary (0.7% expected, 1.1% in December); Non-defense capital goods orders excluding aircraft, January preliminary (0.6% expected, 0.7% in December); Non-defense capital shipments excluding aircraft, January preliminary (0.7% in December); Initial jobless claims, week ended February 20 (840,000 expected, 861,000 during prior week); Continuing claims, week ended February 13 (4.413 million expected, 4.494 million during prior week); GDP annualized quarter-over-quarter, 4Q second estimate (4.1% expected, 4.0% in prior print); GDP Price Index, 4Q second estimate (2.0% expected, 2.0% in prior print); Core personal consumption expenditures, 4Q second estimate (1.4% expected, 1.4% in prior print); Pending home sales, month-over-month, January (-0.3% in December); Kansas City Fed Manufacturing Activity, February (17 in January)</p></li>\n <li><p><b>Friday:</b>Advanced goods trade balance, January (-$83.0 billion expected, -$82.5 billion in December); Wholesale inventories, month-over-month, January preliminary (0.3% in December); Retail inventories, month-over-month, January (1.0% in December) Personal income, January (10.0% expected, 0.6% in December); PCE Deflator, month-over-month, January (0.2% expected, 0.4% in December); PCE Deflator, year-over-year, January (1.4% expected, 1.5% in December); PCE Core Deflator, month-over-month, January (0.1% expected, 0.3% in December); PCE Core Deflator, year-over-year, January (1.4% expected, 1.5% in December); MNI Chicago PMI, February (61.0 expected, 63.8 in January); University of Michigan Consumer Sentiment, February final (76.4 expected, 76.2 in prior print)</p></li>\n</ul>","source":"yahoofinance_sg","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>Airbnb and DoorDash debut earnings: What to expect this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAirbnb and DoorDash debut earnings: What to expect this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 11:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/powell-testifies-before-congress-airbnb-and-doordash-debut-earnings-reports-what-to-know-in-the-week-ahead-185945429.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors this week are gearing up to hear from Federal Reserve Chair Jerome Powell in his semiannual monetary policy testimony before Congress and to receive a set of corporate earnings results from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/powell-testifies-before-congress-airbnb-and-doordash-debut-earnings-reports-what-to-know-in-the-week-ahead-185945429.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc.","ABNB":"爱彼迎","NVDA":"英伟达",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","ETSY":"Etsy, Inc.",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/powell-testifies-before-congress-airbnb-and-doordash-debut-earnings-reports-what-to-know-in-the-week-ahead-185945429.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163958969","content_text":"Investors this week are gearing up to hear from Federal Reserve Chair Jerome Powell in his semiannual monetary policy testimony before Congress and to receive a set of corporate earnings results from Airbnb and DoorDash —two newly public companies.\nPowell's testimony will take place Tuesday before the Senate Banking Committee and on Wednesday before the House Financial Services Committee.\nIn recent public appearances, Powell has reiterated that the central bank would maintain an easy monetary policy posturing in order to support the economy as it emerges from the coronavirus pandemic. Notably, labor market data — including a host of disappointing weekly jobless claims reports and weak January andDecember monthly jobs reports — have pointed to a job market still under considerable strain due to the pandemic, making the case that aggressive policy responses should remain in place as a lifeline.\n\"[Powell] will likely note recent progress in the data but reiterate that the economy is far from fully recovered, thereby defending accommodative monetary policy,\" Bank of America economist Michelle Meyer said in a note Friday.\nThe Fed's ongoing response to the coronavirus pandemic has involved a massive asset purchase program totaling $120 billion per month, alongside ultra-low interest rates. Officials have suggested benchmark rates will remain near zero until at least 2023.\nBut one of the side effects of a strong, policy-supported recovery, however, has been higher rates, as well as the specter of rising inflation. Powell and other Fed officials have suggested they would seek inflation that averages 2% over time, implying they would allow for some overshoot to offset what has been persistently low inflationary trends. However, Fed officials have also been increasingly queried on how much inflation they might tolerate coming out of the pandemic, given that while higher rates and rising prices are natural byproducts of an economy on the rebound, they can also become a hindrance to the pace of recovery if they occur too quickly.\n\"There is a delicate balance: strong growth could prompt a faster rise in rates, driving up borrowing costs and weighing on risky assets, limiting upside economic growth,\" Meyer added.\nHowever, Powell has suggested that any jump in inflation in the coming months will be transitory. As March approaches, inflation may appear to spike on a year-over-year basis, given that 2020's data was so heavily depressed by the onset of the pandemic. But these effects will likely dissipate later in 2021, and will not reflect overheating in underlying inflationary trends, Powell has maintained.\n\"We believe [Powell] will reiterate that now is not the time to be discussing an exit strategy for monetary accommodation considering significant uncertainty,\" Nomura economist Lewis Alexander wrote in a note Friday. \"Moreover, he will likely seek to downplay any concerns over inflation given upcoming base effects in Q2. the relatively weak December and January employment reports will offer Powell an opportunity to highlight the significant progress the labor market still needs to make before approaching 'full employment.'\"\nPowell may also use his testimony to reiterate his call for additional fiscal support from Congress to augment the support offered through the Fed's policies. During Powell's last FOMC press conference in late January, he characterized fiscal support as \"absolutely essential\" to the economic recovery, while declining to offer an assessment of how much additional aid might be appropriate out of Congress.\nOther Fed officials have recently suggested a large fiscal package, such as the $1.9 trillion proposal under debate in Congress, would be warranted by the current economic situation.Boston Fed President Eric Rosengren told Reuters on Friday that the \"big fiscal package that is being considered right now\" was \"appropriately big,\" while New York Fed President John Williams told CNBC he was \"not really concerned about fiscal support right now being excessive.\"\nAirbnb, DoorDash earnings\nNewly public companies Airbnb (ABNB) and DoorDash (DASH) are poised to report their first-ever quarterly results as public companies on Thursday, offering a fresh look at the businesses following their massive public debuts.\nSince going public, Airbnb's stock has enjoyed a run-up of nearly 200%, fueled by optimism over the business's long-term growth potential in a post-pandemic world. Though Airbnb saw gross booking value (GBV) decline by 39% in the first nine months of 2020, the company had been growing more strongly leading up to the pandemic, with bookings surging by 29% during its full fiscal 2019.\nHowever, Airbnb's fourth quarter report will still show negative impacts from the virus,the company warned in its prospectus late last year.\n\"During the fourth quarter of 2020, another wave of COVID-19 infections emerged. As a result, countries imposed strict lockdowns, in particular in Europe. Similar to the impact of the initial COVID-19 wave in March 2020, we are seeing a decrease in bookings in the most affected regions,\" according to the filing. \"As a result, we expect significantly greater year-over-year decline in Nights and Experiences Booked and GBV in the fourth quarter of 2020 than in the third quarter of 2020 and greater year-over-year increases in cancellations and alterations in the fourth quarter of 2020 than in the third quarter of 2020.\"\nThat said, Airbnb has been touted by some analysts as a better alternative to traditional hotels during and after the pandemic,given that users can book entire, socially distant homes and other alternative accommodations rather than lodges with communal lobbies. Still, the valuation of the stock has left others on the sidelines, given the firm's $120 billion market capitalization — or nearly three times Marriott's (MAR) $44 billion market cap, for comparison – and persistent losses. Airbnb's stock has 12 Buy ratings or equivalents, 21 Hold ratings and 3 Sell ratings by analysts on Wall Street, according to Bloomberg data.\nAll told, Airbnb is expected to report an adjusted EBITDA loss of $132.86 million in the fourth quarter on revenue of $739.37 million, according to Bloomberg consensus data. That would compare to an adjusted EBITDA loss of $276.39 million in the same period of 2019, on revenue of $1.1 billion.\nMeanwhile, DoorDash is set to report fourth-quarter results following a similarly strong run-up since its December public debut. DoorDash shares have more than doubled since its initial public offering in early December.\nDoorDash has been an unequivocal beneficiary during the pandemic period, as consumers sheltering in place increasingly ordered food for delivery rather than going out to restaurants.\nThough DoorDash has largely been a money-losing business, the company briefly posted net income in the second quarter of 2020, aided by an influx of demand during the height of stay-in-place orders last spring. The company's revenue also swelled, ballooning by more than 200% in the nine months ending in September over the same period in 2019.\nHowever, DoorDash has also had to contend with an inundation of competition in the food delivery space, which has impacted the companies' pricing power and profit-making potential.\nUberEats, for instance, has also grown significantly over the course of the pandemic. In results reported earlier this month, Uber revealed that its food delivery business grew gross bookings by 130%,suggesting still-elevated food delivery trends in the final three months of last year. Whether this demand will remain in place once more vaccines roll out and in-person dining reopenings more extensively, however, remains to be seen.\nConsensus analysts expect DoorDash to post an adjusted EBITDA profit of $95.64 million in the fourth quarter on revenue of $926.41 million, according to Bloomberg data. That would compare to an adjusted EBITDA loss of $103 million on revenue of $298 million in the same period in 2019.\nEarnings Calendar\n\nMonday:Dish Network (DISH), Royal Caribbean Group (RCL), Discovery Inc. (DISCA) before market open; Diamondback Energy (FANG), ZoomInfo Technologies (ZI), Palo Alto Networks (PANW), The RealReal (REAL), Occidental Petroleum (OXY), Marathon Oil (MRO) after market close\nTuesday:Home Depot (HD), Macy's (M) before market open; Intuit (INTU), Square (SQ) after market close\nWednesday:Viacom (VIAC), Six Flags Entertainment (SIX), Overstock.com (OSTK), Lowe's (LOW), TJX Companies (TJX) before market open; Apache (APA), Nvidia (NVDA), Teladoc (TDOC), L Brands (LB), Booking Holdings (BKNG)\nThursday:Airbnb (ABNB), PG&E (PCG), Domino's Pizza (DPZ), Wayfair (W), Best Buy (BBY), Moderna (MRNA), Plug Power (PLUG), Norwegian Cruise Line Holdings (NCLH) before market open; Dell Technologies (DELL), Caesars Entertainment (CZR), Virgin Galactic Holdings (SPCE), DoorDash (DASH), Nikola (NKLA), Rocket Cos. (RKT), HP Inc (HPQ), Zscaler (ZS), Salesforce.com (CRM), Workday (WDAY), Autodesk (ADSK), Shake Shack (SHAK), Airbnb (ABNB), WW International (WW), Beyond Meat (BYND), VMWare (VMW), Etsy (ETSY), Live Nation Entertainment (LYV) after market close\nFriday:DraftKings (DKNG), Cinemark Holdings (CNK) before market open\n\nEconomic Calendar\n\nMonday:Chicago Fed National Activity Index, January (0.50 expected, 0.52 in December); Leading Index, January (0.3% expected, 0.3% in December); Dallas Fed Manufacturing Activity, February (5.0 expected, 7.0 in January)\nTuesday:FHFA House Price Index, month-over-month, December (1.0% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, month-over-month, December (1.42% in November); S&P CoreLogic Case-Shiller 20-City Composite Index, year-over-year, December (9.08% in November); Conference Board Consumer Confidence, February (90.0 expected, 89.3 in January); Richmond Fed Manufacturing Index, February (14 in January)\nWednesday:MBA Mortgage Applications, week ended February 19 (-5.1% during prior week); New home sales, January (859,000 expected, 842,000 in December)\nThursday:Durable Goods Orders, January preliminary (1.2% expected, 0.5% in December); Durable Goods excluding transportation, January preliminary (0.7% expected, 1.1% in December); Non-defense capital goods orders excluding aircraft, January preliminary (0.6% expected, 0.7% in December); Non-defense capital shipments excluding aircraft, January preliminary (0.7% in December); Initial jobless claims, week ended February 20 (840,000 expected, 861,000 during prior week); Continuing claims, week ended February 13 (4.413 million expected, 4.494 million during prior week); GDP annualized quarter-over-quarter, 4Q second estimate (4.1% expected, 4.0% in prior print); GDP Price Index, 4Q second estimate (2.0% expected, 2.0% in prior print); Core personal consumption expenditures, 4Q second estimate (1.4% expected, 1.4% in prior print); Pending home sales, month-over-month, January (-0.3% in December); Kansas City Fed Manufacturing Activity, February (17 in January)\nFriday:Advanced goods trade balance, January (-$83.0 billion expected, -$82.5 billion in December); Wholesale inventories, month-over-month, January preliminary (0.3% in December); Retail inventories, month-over-month, January (1.0% in December) Personal income, January (10.0% expected, 0.6% in December); PCE Deflator, month-over-month, January (0.2% expected, 0.4% in December); PCE Deflator, year-over-year, January (1.4% expected, 1.5% in December); PCE Core Deflator, month-over-month, January (0.1% expected, 0.3% in December); PCE Core Deflator, year-over-year, January (1.4% expected, 1.5% in December); MNI Chicago PMI, February (61.0 expected, 63.8 in January); University of Michigan Consumer Sentiment, February final (76.4 expected, 76.2 in prior print)","news_type":1},"isVote":1,"tweetType":1,"viewCount":5,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128611375,"gmtCreate":1624513293097,"gmtModify":1703838960446,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/128611375","repostId":"1115900977","repostType":4,"isVote":1,"tweetType":1,"viewCount":551,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120861846,"gmtCreate":1624319109285,"gmtModify":1703833191851,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Great,Like n share.","listText":"Great,Like n share.","text":"Great,Like n share.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120861846","repostId":"1146982088","repostType":4,"repost":{"id":"1146982088","kind":"news","pubTimestamp":1624259620,"share":"https://ttm.financial/m/news/1146982088?lang=&edition=fundamental","pubTime":"2021-06-21 15:13","market":"us","language":"en","title":"Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis","url":"https://stock-news.laohu8.com/highlight/detail?id=1146982088","media":"zerohedge","summary":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpect","content":"<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p>\n<p><img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p>\n<p>But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p>\n<p><img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p>\n<blockquote>\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n</blockquote>\n<p>Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p>\n<p>In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p>\n<p><img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p>\n<p>What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p>\n<p>In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p>\n<p>He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p>\n<p>Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p>\n<p><img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p>\n<p>This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p>\n<p>And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p>\n<p>Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p>\n<p>Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p>\n<p>Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p>\n<p>Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></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>Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis</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\">\nPowell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 15:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the...</p>\n\n<a href=\"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146982088","content_text":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.\nWhat does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP  facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.\nBut what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.\nThe problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:\n\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n\nBottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"\nIn retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.\nNeedless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"the re-priced RRP facility will become a problem for the banking system fast:the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market).\"\nWhat he means by that is that whereas previously the RRP rate of 0.00% did notrewardallocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.\nIn other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fedalsomade a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"\nHe's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),5bps is too generous, according to Pozsar who warns that the new reverse repo ratewill upset the state of \"singularity\"and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"\nIndeed, as shown below, bills yield less than 5 bps out to 6 months,and money funds have over $2 trillion of bills.They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.\nTo help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves withtoo fewintraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.\nThis process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.\nAnd here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,some bond-heavy banks cannot.As a result, Zoltan predicts that next \"we will notice that some banks (those who cannothandle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"\nBottom line:whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.\nOr, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.\nBottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"\nTranslation: by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322877380,"gmtCreate":1615799274540,"gmtModify":1704786641528,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"coming back ?<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>","listText":"coming back ?<a href=\"https://laohu8.com/S/LGHL\">$LION GROUP HOLDING LTD.(LGHL)$</a>","text":"coming back ?$LION GROUP HOLDING LTD.(LGHL)$","images":[{"img":"https://static.tigerbbs.com/f373342e2e61f6d63a609b0028d209a0","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322877380","isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":382717911,"gmtCreate":1613483764733,"gmtModify":1704881011286,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"buy buy buy..","listText":"buy buy buy..","text":"buy buy buy..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382717911","repostId":"1168749416","repostType":4,"repost":{"id":"1168749416","kind":"news","pubTimestamp":1613468978,"share":"https://ttm.financial/m/news/1168749416?lang=&edition=fundamental","pubTime":"2021-02-16 17:49","market":"us","language":"en","title":"The best thing for Tesla is a slow and steady loss of market share?","url":"https://stock-news.laohu8.com/highlight/detail?id=1168749416","media":"MarketWatch","summary":"As rivals start to sell electric vehicles in earnest, the market will grow and highlight Tesla’s innovation prowess, protecting the planet in the process.We love Tesla — we’re huge fans of the way the company has made electric cars cool.The Palo Alto, Calif.-based company’s Model 3 is probably the most appetizing lower-cost electric vehicle  on the market today, and is well on its way to becoming a massive success.And Tesla’s rapid escalation in battery production has forced down prices of lithi","content":"<p>As rivals start to sell electric vehicles in earnest, the market will grow and highlight Tesla’s innovation prowess, protecting the planet in the process.</p>\n<p>We love Tesla — we’re huge fans of the way the company has made electric cars cool.</p>\n<p>The Palo Alto, Calif.-based company’s Model 3 is probably the most appetizing lower-cost electric vehicle (EV) on the market today, and is well on its way to becoming a massive success.</p>\n<p>And Tesla’s&nbsp;rapid escalation in battery production has forced down prices of lithium-ion batteries. Yet we’re rejoicing in the news from Schmidt Automotive Research that Tesla has&nbsp;lost market share in the world’s largest EV market, the European Union.</p>\n<p>We’re rejoicing because this is a clear sign of global interest in EVs. In the European Union, Tesla’s loss in market share derived partly from large incumbent automakers’ increasing vigor in making their own EVs more attractive, through both pricing and design diversity.</p>\n<p><b>Good for the planet</b></p>\n<p>A broader, deeper market for these fuel-efficient, pollution-free vehicles is good for the planet and will further reduce prices. EVs’ path to further improvement also makes complete sense.&nbsp;In reality, internal combustion engines (ICEs) are today’s horse-and-buggy: well understood, reliable, and with a great infrastructure, but ultimately unable to compete.</p>\n<p>At the rate at which battery prices (and, by extension, EV prices)&nbsp;are falling and adoption is increasing, all car makers will have commenced publicly phasing out ICEs. General Motors&nbsp;has already taken the plunge and&nbsp;will phase out combustion engines by 2035.</p>\n<p>We won’t be surprised if GM revises this schedule in about three years from now and declares that it will go all electric by 2028, and all of the other carmakers follow.</p>\n<p>The history of technology foretells the future of electric cars. The accelerometer, a system that measure how fast an object is accelerating or decelerating, exemplifies the process. In the 1950s, early accelerometers allowed ballistic missiles to maintain their trajectories.&nbsp; They cost many thousands of dollars.&nbsp;Today, accelerometer chips more sensitive than those that rode in missile cones cost a few dollars or less and&nbsp;are available on Alibaba.</p>\n<p>This occurred because when Apple’s&nbsp;iPhone made smart phones popular, a host of technologies became ubiquitous. Alphabet’s&nbsp;Android operating system and Linux-based systems-on-chips helped increase economies of scale, and the prices of all smartphone components fell dramatically, with broad ripple effects on many technologies.</p>\n<p>More importantly, entirely new categories piggybacked on smartphone technology. Drones are basically active mobile phones. They use much of the same computational technology, and their prices are similarly falling.</p>\n<p>And EVs are essentially mobile phones on wheels.&nbsp;They have many more moving parts and need additional features, such as lasers, rangefinders and airbags; nonetheless, they resemble mobile phones or drones more than they do ICE cars.</p>\n<p>Tesla has approached EVs as software products and upgradeable devices: more like iPhones than like traditional cars. And that makes sense.&nbsp;An EV is little more than a software-controlled engine with a battery in a box, and the batteries will soon become commodities.</p>\n<p><b>Battery-powered everything</b></p>\n<p>Eventually car bodies of all shapes and sizes will be 3D printed. EV entrants are already tackling all parts of the EV market, from tiny delivery robots and cargo drones to e-bikes and customized vans.&nbsp;All are flavors of battery-powered locomotion.&nbsp;And the cheapest will be widely affordable, which will democratize services as the $20 Jio smartphones in India have democratized online access.&nbsp; Already, e-bikes that manage 20 miles an hour in speed cost less than $500, and they suit many basic commuting tasks in urban areas.</p>\n<p>So Tesla, the EV leader, has nothing to worry about: Increasing awareness and fomenting innovation, it has made the addressable market much larger for itself.&nbsp; Like Apple’s, Tesla’s brand is powerful.&nbsp;Unlike Apple, Tesla faces some pretty cool competition, even now.&nbsp;Porsche has just announced an EV version of its Macan with pricing similar to the Tesla Model S sedans.</p>\n<p>Tesla CEO Elon Musk clearly recognizes and embraces a strategy of growing a much bigger pie. The market for EVs is far larger than a market for cars: precisely why he open-sourced Tesla’s patents and made it easier for rivals to scale up and build better cars and expand the market.</p>\n<p>Tesla will probably remain a small player in the global vehicle market by sales volume but stay on its cutting edge, just as Apple did in mobile phones.&nbsp;Steve Jobs positioned Apple firmly up market, and it has remained there, capturing the lion’s share of smartphone profits.</p>\n<p>So the best thing for Tesla — and the planet’s future — is a slow and steady loss of market share.&nbsp;The EV’s time has come, and that means it’s time for Tesla to face much stiffer competition.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The best thing for Tesla is a slow and steady loss of market share?</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\">\nThe best thing for Tesla is a slow and steady loss of market share?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 17:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-best-thing-for-tesla-is-a-slow-and-steady-loss-of-market-share-11613062433?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As rivals start to sell electric vehicles in earnest, the market will grow and highlight Tesla’s innovation prowess, protecting the planet in the process.\nWe love Tesla — we’re huge fans of the way ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-best-thing-for-tesla-is-a-slow-and-steady-loss-of-market-share-11613062433?mod=home-page\">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.marketwatch.com/story/the-best-thing-for-tesla-is-a-slow-and-steady-loss-of-market-share-11613062433?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1168749416","content_text":"As rivals start to sell electric vehicles in earnest, the market will grow and highlight Tesla’s innovation prowess, protecting the planet in the process.\nWe love Tesla — we’re huge fans of the way the company has made electric cars cool.\nThe Palo Alto, Calif.-based company’s Model 3 is probably the most appetizing lower-cost electric vehicle (EV) on the market today, and is well on its way to becoming a massive success.\nAnd Tesla’s rapid escalation in battery production has forced down prices of lithium-ion batteries. Yet we’re rejoicing in the news from Schmidt Automotive Research that Tesla has lost market share in the world’s largest EV market, the European Union.\nWe’re rejoicing because this is a clear sign of global interest in EVs. In the European Union, Tesla’s loss in market share derived partly from large incumbent automakers’ increasing vigor in making their own EVs more attractive, through both pricing and design diversity.\nGood for the planet\nA broader, deeper market for these fuel-efficient, pollution-free vehicles is good for the planet and will further reduce prices. EVs’ path to further improvement also makes complete sense. In reality, internal combustion engines (ICEs) are today’s horse-and-buggy: well understood, reliable, and with a great infrastructure, but ultimately unable to compete.\nAt the rate at which battery prices (and, by extension, EV prices) are falling and adoption is increasing, all car makers will have commenced publicly phasing out ICEs. General Motors has already taken the plunge and will phase out combustion engines by 2035.\nWe won’t be surprised if GM revises this schedule in about three years from now and declares that it will go all electric by 2028, and all of the other carmakers follow.\nThe history of technology foretells the future of electric cars. The accelerometer, a system that measure how fast an object is accelerating or decelerating, exemplifies the process. In the 1950s, early accelerometers allowed ballistic missiles to maintain their trajectories.  They cost many thousands of dollars. Today, accelerometer chips more sensitive than those that rode in missile cones cost a few dollars or less and are available on Alibaba.\nThis occurred because when Apple’s iPhone made smart phones popular, a host of technologies became ubiquitous. Alphabet’s Android operating system and Linux-based systems-on-chips helped increase economies of scale, and the prices of all smartphone components fell dramatically, with broad ripple effects on many technologies.\nMore importantly, entirely new categories piggybacked on smartphone technology. Drones are basically active mobile phones. They use much of the same computational technology, and their prices are similarly falling.\nAnd EVs are essentially mobile phones on wheels. They have many more moving parts and need additional features, such as lasers, rangefinders and airbags; nonetheless, they resemble mobile phones or drones more than they do ICE cars.\nTesla has approached EVs as software products and upgradeable devices: more like iPhones than like traditional cars. And that makes sense. An EV is little more than a software-controlled engine with a battery in a box, and the batteries will soon become commodities.\nBattery-powered everything\nEventually car bodies of all shapes and sizes will be 3D printed. EV entrants are already tackling all parts of the EV market, from tiny delivery robots and cargo drones to e-bikes and customized vans. All are flavors of battery-powered locomotion. And the cheapest will be widely affordable, which will democratize services as the $20 Jio smartphones in India have democratized online access.  Already, e-bikes that manage 20 miles an hour in speed cost less than $500, and they suit many basic commuting tasks in urban areas.\nSo Tesla, the EV leader, has nothing to worry about: Increasing awareness and fomenting innovation, it has made the addressable market much larger for itself.  Like Apple’s, Tesla’s brand is powerful. Unlike Apple, Tesla faces some pretty cool competition, even now. Porsche has just announced an EV version of its Macan with pricing similar to the Tesla Model S sedans.\nTesla CEO Elon Musk clearly recognizes and embraces a strategy of growing a much bigger pie. The market for EVs is far larger than a market for cars: precisely why he open-sourced Tesla’s patents and made it easier for rivals to scale up and build better cars and expand the market.\nTesla will probably remain a small player in the global vehicle market by sales volume but stay on its cutting edge, just as Apple did in mobile phones. Steve Jobs positioned Apple firmly up market, and it has remained there, capturing the lion’s share of smartphone profits.\nSo the best thing for Tesla — and the planet’s future — is a slow and steady loss of market share. The EV’s time has come, and that means it’s time for Tesla to face much stiffer competition.","news_type":1},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382714246,"gmtCreate":1613483720585,"gmtModify":1704881010640,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/382714246","repostId":"1108705396","repostType":4,"repost":{"id":"1108705396","kind":"news","pubTimestamp":1613469786,"share":"https://ttm.financial/m/news/1108705396?lang=&edition=fundamental","pubTime":"2021-02-16 18:03","market":"us","language":"en","title":"With Biden going big, Wall Street economists are growing bullish on the US economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1108705396","media":"CNN Business","summary":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a doubl","content":"<p><b>New York (CNN Business)&nbsp;</b>The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington&nbsp;and millions of families were about to&nbsp;lose crucial benefits.</p>\n<p>Fast forward two months, and the&nbsp;economy is still struggling-- but confidence in the recovery is growing, rapidly.</p>\n<p>Economists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.</p>\n<p>The renewed optimism is being driven by two major factors: the&nbsp;health crisis is easing&nbsp;and Uncle Sam is&nbsp;coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.</p>\n<p>After supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.</p>\n<p>\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.</p>\n<p>The turning point happened last month&nbsp;when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for&nbsp;President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.</p>\n<p><b>'Summer mini-boom'</b></p>\n<p>Before the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a&nbsp;forecast by Treasury Secretary Janet Yellen.</p>\n<p>\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.</p>\n<p>Oxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.</p>\n<p>Likewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"</p>\n<p>\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.</p>\n<p>Indeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.</p>\n<p>The rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.</p>\n<p><b>Double-dip recession averted</b></p>\n<p>The Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.</p>\n<p>For months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.</p>\n<p>At the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.</p>\n<p>\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.</p>\n<p>Slammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States&nbsp;added just 49,000 jobs in January.</p>\n<p>Jobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.</p>\n<p><b>Vaccines to the rescue</b></p>\n<p>But there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.</p>\n<p>Critically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.</p>\n<p>And Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday&nbsp;that the United States may be able to vaccinate most Americans by the middle or end of summer.</p>\n<p>All of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.</p>\n<p>That's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants&nbsp;force US states and cities to once again tighten health restrictions.</p>\n<p><b>Low-wage workers are still hurting badly</b></p>\n<p>Against this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.</p>\n<p>\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"</p>\n<p>Doing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.</p>\n<p>Employment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.</p>\n<p>\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.</p>\n<p>However, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.</p>\n<p>\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.</p>\n<p><b>'Bring it on'</b></p>\n<p>Some economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington&nbsp;overheats the economy by injecting too much support.</p>\n<p>\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.</p>\n<p>And that in turn would spook the&nbsp;red-hot stock market.</p>\n<p>Fed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.</p>\n<p>Citing \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.</p>\n<p>Zandi isn't losing sleep over inflation, mostly because the United States is far from full employment.</p>\n<p>\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"</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>With Biden going big, Wall Street economists are growing bullish on the US economy</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\">\nWith Biden going big, Wall Street economists are growing bullish on the US economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 18:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html><strong>CNN Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and ...</p>\n\n<a href=\"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://edition.cnn.com/2021/02/11/economy/economy-jobs-biden-stimulus/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108705396","content_text":"New York (CNN Business) The Covid-ravaged American economy was on the verge of slipping into a double-dip recession at the end of 2020. The pandemic was intensifying,gridlock paralyzed Washington and millions of families were about to lose crucial benefits.\nFast forward two months, and the economy is still struggling-- but confidence in the recovery is growing, rapidly.\nEconomists are swiftly upgrading their GDP and unemployment forecasts and pulling forward the date when the Federal Reserve will be able to lift rock-bottom interest rates. Goldman Sachs is predicting the US economy will grow at the fastest clip in more than three decades.\nThe renewed optimism is being driven by two major factors: the health crisis is easing and Uncle Sam is coming to the rescue with staggering amounts of aid-- hundreds of billions more than seemed to be in the cards just months ago.\nAfter supplying $4 trillion of relief last year, Washington is expected to pump in another $2 trillion of deficit-financed support in 2021, according to Moody's Analytics. That represents more than a quarter of annual US GDP.\n\"That is a lot of economic juice,\" Mark Zandi, chief economist at Moody's Analytics, told CNN Business.\nThe turning point happened last month when Democrats took narrow control of the US Senate by sweeping the runoff races in Georgia. That opened a path for President Joe Biden's $1.9 trillion American Rescue Plan, which features $1,400 stimulus checks, enhanced unemployment benefits and a $350 billion lifeline to state and local governments.\n'Summer mini-boom'\nBefore the Georgia elections, Zandi didn't think the US economy would return to full employment (a strong labor market with 4% unemployment) until the spring or summer of 2023. Now, he expects that achievement to happen next spring, echoing a forecast by Treasury Secretary Janet Yellen.\n\"Super-charged fiscal policy\" means the argument for the US economy growing faster than its peers \"seems to get stronger day-by-day,\" economists at Bank of America wrote in a recent report to clients.\nOxford Economics chief US economist Gregory Daco is calling for a \"summer mini-boom\" in the United States and 5.9% GDP growth in 2021.\nLikewise, Jefferies economists say \"explosive income growth (courtesy of fiscal stimulus) is likely to propel US GDP 6.4% higher this year and nearly 5% next year.\"\n\"If anything, our forecast might be too conservative,\" Jefferies told clients in a recent note, pointing out that its view incorporates just $1 trillion of the Biden plan.\nIndeed, Goldman Sachs upgraded its 2021 GDP forecast to 6.8% earlier this week because the Wall Street bank now assumes additional fiscal relief of $1.5 trillion, up from $1.1 trillion previously. If Goldman's prediction comes true, it would be the fastest annual GDP growth for the United States since 1989,according to the St. Louis Fed.\nThe rosy GDP forecasts are well above what the Federal Reserve is calling for. In December, the Fed expected 2021 GDP growth of just 4.2% and said unemployment wouldn't slip below 4% until 2023.\nDouble-dip recession averted\nThe Fed tends to be conservative with its economic forecasts. And, crucially, the Fed forecast was released at a time when political dysfunction in DC was casting a shadow over the US economy.\nFor months, Republicans and Democrats tried and failed to reach a deal on extending crucial unemployment and eviction benefits scheduled to lapse and providing more forgivable loans to small businesses. And then when a deal was finally reached, former President Donald Trump threatened to blow it up.\nAt the last minute, Trump signed the $900 billion relief package into law, averting economic disaster.\n\"Without that, we would be in a double dip recession,\" said Zandi, the Moody's economist.\nSlammed by the pandemic, the US economy limped to the end of 2020 and started this year slowly. In December, employers cut jobs in for the first time since the spring. And the United States added just 49,000 jobs in January.\nJobless claims remain alarmingly high. Another 793,000 Americans filed for first time unemployment benefits last week alone. For context, that is above the worst levels of the Great Recession.\nVaccines to the rescue\nBut there are glimmers of hope on the pandemic. Although Covid deaths remain unthinkably high, hospitalizations and cases have retreated.\nCritically, the rollout of coronavirus vaccines is accelerating. Out of a total of 66 million vaccines distributed, about 70% have been administered, according to Morgan Stanley.\nAnd Dr. Anthony Fauci, the nation's top infectious disease expert,told NBC News Thursday that the United States may be able to vaccinate most Americans by the middle or end of summer.\nAll of this has allowed states including California, New York and New Jersey to relax health restrictions crushing restaurants and other small businesses.\nThat's not to say the pandemic is over. In fact,one risk is that new Covid-19 variants force US states and cities to once again tighten health restrictions.\nLow-wage workers are still hurting badly\nAgainst this backdrop, many economists are urging Washington to push ahead with plans for aggressive fiscal stimulus.\n\"Foot flat on the accelerator, please,\" Zandi, the Moody's economist said. \"Policymaking 101 says err on the side of doing too much, rather than too little.\"\nDoing too little risks worsening America's inequality problem. That's because this recession, more than prior ones, disproportionately hurt low-income workers in hard-hit sectors such as restaurants, childcare and hospitality.\nEmployment levels of low-wage workers (those making less than $27,000 per year) is still down more than 20%, according to the Opportunity Insights Economic tracker. By contrast, employment levels of those making more than $60,000 per year are above pre-crisis levels.\n\"Biden's team is unlikely to break out the champagne over reaching full employment if it isn't evident across income and racial groups,\" economists at Bank of America wrote in a report to clients.\nHowever, Danielle DiMartino Booth, a former Fed official who is now CEO of Quill Intelligence, worries the focus on providing income, instead of investing in infrastructure and reskilling workers, will make the country addicted to stimulus.\n\"The economy is going to turn into this dependent patient, always waiting for the next injection,\" Booth said.\n'Bring it on'\nSome economists, including former Treasury Secretary Larry Summers, have warned there is a risk that Washington overheats the economy by injecting too much support.\n\"You could have quite the inflation scare in the next few months that will test the bond market and the Fed,\" Booth said.\nAnd that in turn would spook the red-hot stock market.\nFed watchers are moving up their timelines for when the central bank will be able to end its emergency policies.\nCiting \"signs of a firmer inflation outlook,\" Goldman Sachs now expects the Fed to start \"tapering\" its asset purchases in early 2022 and to raise interest rates in the first half of 2024.\nZandi isn't losing sleep over inflation, mostly because the United States is far from full employment.\n\"It's a vastly overstated worry,\" he said. \"Bring it on. Our biggest problem for more than a decade has been low inflation. Higher inflation would be a high-class problem to have.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":28,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":382216152,"gmtCreate":1613450952476,"gmtModify":1704880599724,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/382216152","repostId":"1114634078","repostType":4,"repost":{"id":"1114634078","kind":"news","pubTimestamp":1613443900,"share":"https://ttm.financial/m/news/1114634078?lang=&edition=fundamental","pubTime":"2021-02-16 10:51","market":"us","language":"en","title":"What Is Berkshire Hathaway’s Mystery Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=1114634078","media":"Barrons","summary":"Warren Buffett’s conglomerate could reveal that equity holding when it discloses its stock investments as of Dec. 31, 2020 on a securities filing expected late Tuesday.Speculation is that it could be Walt Disney,PayPal Holdings, Google parent Alphabet,Home Depot,Exxon Mobil, or Chevron.When it released its most recent quarterly filing in mid-November for about $250 billion of equity holdings, Berkshire said that it had made a confidential filing for unnamed investments, stating “Confidential inf","content":"<p>What is the&nbsp;Berkshire Hathaway&nbsp;mystery stock?</p><p>Warren Buffett’s conglomerate could reveal that equity holding when it discloses its stock investments as of Dec. 31, 2020 on a securities filing expected late Tuesday.</p><p>Speculation is that it could be&nbsp;Walt Disney(ticker: DIS),PayPal Holdings(PYPL), Google parent&nbsp;Alphabet(GOOGL),Home Depot(HD),Exxon Mobil(XOM), or&nbsp;Chevron(CVX).</p><p>When it released its most recent quarterly filing in mid-November for about $250 billion of equity holdings, Berkshire (BRK.B)said that it had made a confidential filing for unnamed investments, stating “Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission.”</p><p>Berkshire CEO Buffett has rarely made use of a confidential filing in the past decade. The last such one was in 2015, and the mystery holding turned out to bePhillips 66(PSX).</p><p>The SEC can grant institutional investors confidential status if it agrees that public disclosure would move the stock price and make it more difficult for the investor to complete its buying program in the stock. It is possible that Berkshire will continue to keep the mystery holding confidential. News of a new Berkshire holding can sometimes boost the stock, thanks to the Buffett imprimatur.</p><p>The mystery holding could be sizable, at $5 billion to $10 billion.</p><p>Gary Black, a private investor and former CEO of both Aegon Asset Management and Janus Capital,surveyed his more than 50,000 Twitter followersand their top choices among four selections were Disney and PayPal.</p><p>Blackhas been an influential bullon&nbsp;Tesla(TSLA), but said last week that he was out of the stock, citing the company’s lack of a clear forecast on 2021 deliveries and the risk of a first-quarter earnings miss.</p><p>In recent quarters, Buffett has sold out of Berkshire’s holding in&nbsp;Goldman Sachs Group(GS), sharply reduced a stake in&nbsp;JPMorgan Chase(JPM), cut a longtime position in&nbsp;Wells Fargo(WFC) and bought stakes in a group of drug stocks notably&nbsp;Merck(MRK),AbbVie(ABBV), and&nbsp;Bristol Myers Squibb(BMY).</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What Is Berkshire Hathaway’s Mystery Stock?</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\">\nWhat Is Berkshire Hathaway’s Mystery Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-16 10:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/what-is-berkshire-hathaways-mystery-stock-big-investment-by-warren-buffett-could-be-disclosed-tomorrow-51613392217?mod=hp_LEAD_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What is the Berkshire Hathaway mystery stock?Warren Buffett’s conglomerate could reveal that equity holding when it discloses its stock investments as of Dec. 31, 2020 on a securities filing expected ...</p>\n\n<a href=\"https://www.barrons.com/articles/what-is-berkshire-hathaways-mystery-stock-big-investment-by-warren-buffett-could-be-disclosed-tomorrow-51613392217?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOGL":"谷歌A","CVX":"雪佛龙","BRK.A":"伯克希尔","BRK.B":"伯克希尔B","HD":"家得宝","PYPL":"PayPal","DIS":"迪士尼","XOM":"埃克森美孚"},"source_url":"https://www.barrons.com/articles/what-is-berkshire-hathaways-mystery-stock-big-investment-by-warren-buffett-could-be-disclosed-tomorrow-51613392217?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114634078","content_text":"What is the Berkshire Hathaway mystery stock?Warren Buffett’s conglomerate could reveal that equity holding when it discloses its stock investments as of Dec. 31, 2020 on a securities filing expected late Tuesday.Speculation is that it could be Walt Disney(ticker: DIS),PayPal Holdings(PYPL), Google parent Alphabet(GOOGL),Home Depot(HD),Exxon Mobil(XOM), or Chevron(CVX).When it released its most recent quarterly filing in mid-November for about $250 billion of equity holdings, Berkshire (BRK.B)said that it had made a confidential filing for unnamed investments, stating “Confidential information has been omitted from the public Form 13F report and filed separately with the U.S. Securities and Exchange Commission.”Berkshire CEO Buffett has rarely made use of a confidential filing in the past decade. The last such one was in 2015, and the mystery holding turned out to bePhillips 66(PSX).The SEC can grant institutional investors confidential status if it agrees that public disclosure would move the stock price and make it more difficult for the investor to complete its buying program in the stock. It is possible that Berkshire will continue to keep the mystery holding confidential. News of a new Berkshire holding can sometimes boost the stock, thanks to the Buffett imprimatur.The mystery holding could be sizable, at $5 billion to $10 billion.Gary Black, a private investor and former CEO of both Aegon Asset Management and Janus Capital,surveyed his more than 50,000 Twitter followersand their top choices among four selections were Disney and PayPal.Blackhas been an influential bullon Tesla(TSLA), but said last week that he was out of the stock, citing the company’s lack of a clear forecast on 2021 deliveries and the risk of a first-quarter earnings miss.In recent quarters, Buffett has sold out of Berkshire’s holding in Goldman Sachs Group(GS), sharply reduced a stake in JPMorgan Chase(JPM), cut a longtime position in Wells Fargo(WFC) and bought stakes in a group of drug stocks notably Merck(MRK),AbbVie(ABBV), and Bristol Myers Squibb(BMY).","news_type":1},"isVote":1,"tweetType":1,"viewCount":17,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804983621,"gmtCreate":1627916106263,"gmtModify":1703497880247,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804983621","repostId":"1155693481","repostType":4,"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121242756,"gmtCreate":1624467699375,"gmtModify":1703837762152,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121242756","repostId":"1145825451","repostType":4,"repost":{"id":"1145825451","kind":"news","pubTimestamp":1624433586,"share":"https://ttm.financial/m/news/1145825451?lang=&edition=fundamental","pubTime":"2021-06-23 15:33","market":"us","language":"en","title":"Why I Believe NIO Will Beat Out Tesla","url":"https://stock-news.laohu8.com/highlight/detail?id=1145825451","media":"InvestorPlace","summary":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.Super fans of the latest and greatest high-endTesla, Inc. model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.The go","content":"<blockquote>\n <b>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.</b>\n</blockquote>\n<p>Super fans of the latest and greatest high-end<b>Tesla, Inc.</b>(NASDAQ:<b>TSLA</b>) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.</p>\n<p><img src=\"https://static.tigerbbs.com/b294a3604c7ba82bd19b3c70be3a4020\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: nrqemi / Shutterstock.com</p>\n<p>Musk wrote there was… “No need, as Plaid is just so good.”</p>\n<p>The Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.</p>\n<p>Instead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.</p>\n<p>As a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.</p>\n<p>This “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.</p>\n<p>Both the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.</p>\n<p>Clearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”</p>\n<p>As someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know do<i>not</i>want to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.</p>\n<p>What Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.</p>\n<p>The good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.</p>\n<p>This is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.</p>\n<p>However, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.</p>\n<p><b>Taking Advantage of the EV Revolution’s Profit Potential</b></p>\n<p>I’m talking about&nbsp;<b>Nio, Inc.</b>(NYSE:<b>NIO</b>). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on my<b><i>Platinum Growth Club</i></b>Model Portfolio back in February.</p>\n<p>The company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.</p>\n<p>The company is also partnering with cutting-edge chip companies like<b>NVIDIA Corporation</b>(NASDAQ:<b>NVDA</b>), another one of my<b><i>Platinum Growth Club</i></b>Model Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.</p>\n<p>Now, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.</p>\n<p>With the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.</p>\n<p>That means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.</p>\n<p>Shares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”</p>\n<p>Interestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.</p>\n<p>In other words, NIO represents the<b>crème de la crème</b>of EV stocks right now.</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why I Believe NIO Will Beat Out Tesla</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 I Believe NIO Will Beat Out Tesla\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ...</p>\n\n<a href=\"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","TSLA":"特斯拉"},"source_url":"https://investorplace.com/2021/06/why-i-believe-nio-will-beat-out-tesla/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145825451","content_text":"The fact that Tesla scrapped its Model S Plaid Plus release is just part of it.\n\nSuper fans of the latest and greatest high-endTesla, Inc.(NASDAQ:TSLA) model received some disappointing news a week ago when CEO Elon Musk abruptly canceled the release of its highly anticipated Model S Plaid Plus with a tweet on June 6.\nSource: nrqemi / Shutterstock.com\nMusk wrote there was… “No need, as Plaid is just so good.”\nThe Model S Plaid Plus was supposed to be the fastest, most powerful and priciest version of the company’s Model S. Priced at $149,990, it was to feature a range of 520 miles, thanks to its innovative 4680 battery cells, 1,100 horsepower and the ability to speed from 0 to 60 mph in less than two seconds.\nInstead, the company has begun delivering a new Model S Plaid that has only a 390-mile range and 1,020 horsepower, though it still sprints to from 0 to 60 miles per hour in just two seconds.\nAs a way to “sugar coat” its flip flop, Tesla said the Model S Plaid is just as fast as the Model S Plaid Plus and $20,000 cheaper. Humm.\nThis “bait and switch” has some Tesla fans worried, since they had deposits on the Model S Plaid Plus and wanted the innovative 4680 battery cells that Tesla had been touting as the key to longer range and more power. Essentially, the 4680 battery cells were the latest great Tesla development, since they were the first batteries to also be a structural component that supposedly allowed Tesla to lower the weight of its vehicles.\nBoth the company’s Austin and Berlin manufacturing plants now under construction are supposed to also be making the 4680 batteries for new Tesla vehicles. If there is a problem with the engineering associated with utilizing the 4680 batteries or making them a structural component, then Tesla has grossly miscalculated, which is now worrying investors.\nClearly something happened to delay the 4680 batteries that were supposed to provide Tesla with a competitive and engineering edge. For Tesla’s sake, I hope they figure out the problems associated with their much hyped 4680 battery cells, otherwise concerns about its two new manufacturing plants will emerge, as well as the stock losing more of its “mojo.”\nAs someone who owns more than a few high-performance vehicles, I can tell you that the engineering geeks I know donotwant to get a new Model S Plaid instead of a Model S Plaid Plus and will likely ask for their deposits back.\nWhat Tesla did is like Ferrari or Porsche telling its customers that one of their much-hyped new performance models is now not being sold because the base model was just as good! Car fanatics, like myself, like the latest and greatest engineering tidbits, so we would rather cancel our orders versus settle for a base model.\nThe good news for Tesla is that its China sales in May resurged to 21,936, up sharply from 11,671 in April. The company’s sales tend to spike at the end of each quarter. For example, Tesla sold 35,478 vehicles in China in March, which was the strongest month ever in China.\nThis is raising expectations for very strong China sales in June, especially now that the Model Y is being manufactured in Shanghai. Interestingly, since most Chinese Teslas are now made with iron phosphate batteries, these vehicles have lower range than its lithium cobalt vehicles, but its iron phosphate vehicles are cheaper and now increasingly being exported to Europe.\nHowever, I’m convinced another electric vehicle (EV) company will eventually displace Tesla as the biggest manufacturer of EVs in China.\nTaking Advantage of the EV Revolution’s Profit Potential\nI’m talking about Nio, Inc.(NYSE:NIO). The reality is that this company is on the verge of dominating the EV market in China and Hong Kong. It’s why I put NIO on myPlatinum Growth ClubModel Portfolio back in February.\nThe company boasts that it is the “next-generation car company,” as it designs and manufactures electric vehicles that utilize the latest technologies in connectivity, autonomous driving and artificial intelligence (AI). NIO currently offers an electric seven-seater SUV (ES8) and a five-seater electric SUV (ES6) and recently introduced an attractive electric sedan (ET7). Its vehicles utilize NOMI, an in-vehicle artificial intelligence assistant.\nThe company is also partnering with cutting-edge chip companies likeNVIDIA Corporation(NASDAQ:NVDA), another one of myPlatinum Growth ClubModel Portfolio stocks. NIO plans to use the NVIDIA DRIVE Orin system-on-a-chip for its electric vehicles that will provide autonomous driving capabilities. The NVIDIA DRIVE Orin-powered supercomputer, which is being called Adam, will be launched in the ET7 sedan in China in 2022. Announcements like this are very positive, so NIO has been stealing some of Tesla’s thunder lately.\nNow, it’s important to note that NIO was bailed out by the Chinese government. Last year, the Chinese government injected $1 billion and now has a 24% ownership in the company. The reality is that China wants to dominate at least five major industries by 2025, and NIO is now its ticket to dominate EV manufacturing.\nWith the backing of the Chinese government, some Wall Street firms are eager to help NIO by issuing new debt or equity. So, I wouldn’t be surprised if NIO surpasses Tesla, which is currently number-two in China, for market share in the upcoming years.\nThat means, if you missed Tesla’s parabolic run like I did, NIO is essentially giving us a “second chance” to make money in a potentially explosive electric vehicle company.\nShares of NIO climbed nearly 13% since the company’s June 4 announcement of its May delivery report and positive analyst comments, while Tesla shares rose almost 3%. First, NIO revealed that the global chip shortage is starting to take a toll on its business. NIO only delivered 6,711 vehicles in May, or a 5.5% decline from April’s deliveries. Company management noted that deliveries were “adversely impacted for several days due to the volatility of semiconductor supply and certain logistical adjustments.”\nInterestingly, despite the month-to-month dip, NIO’s deliveries were still up 95.3% year-over-year. Strong demand in China even inspired a Citigroup analyst to upgrade NIO to a buy rating, as he expects demand to accelerate in the coming months.\nIn other words, NIO represents thecrème de la crèmeof EV stocks right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167669892,"gmtCreate":1624265727616,"gmtModify":1703831930289,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"[DOGE]&nbsp;","listText":"[DOGE]&nbsp;","text":"[DOGE]","images":[{"img":"https://static.tigerbbs.com/bc5fe425a3213be44fa245b65bb99bfe","width":"1080","height":"1202"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167669892","isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":165132678,"gmtCreate":1624104556894,"gmtModify":1703828871307,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165132678","repostId":"1199331995","repostType":4,"repost":{"id":"1199331995","kind":"news","pubTimestamp":1624065374,"share":"https://ttm.financial/m/news/1199331995?lang=&edition=fundamental","pubTime":"2021-06-19 09:16","market":"us","language":"en","title":"U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1199331995","media":"Renaissance","summary":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.Chinese freight platform Full Truck Alliance plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value , facilitating 22+ million fulfilled orders with GTV of nearly $8 billio","content":"<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.</p>\n<p>Chinese freight platform&nbsp;<b>Full Truck Alliance</b>(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.</p>\n<p>Healthcare manager&nbsp;<b>Bright Health Group</b>(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.</p>\n<p>Data infrastructure provider&nbsp;<b>Confluent</b>(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.</p>\n<p>Car wash brand&nbsp;<b>Mister Car Wash</b>(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.</p>\n<p>Digital physicians network&nbsp;<b>Doximity</b>(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.</p>\n<p>Customer experience software provider&nbsp;<b>Sprinklr</b>(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.</p>\n<p>HR platform provider&nbsp;<b>First Advantage</b>(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.</p>\n<p>Chinese social networking platform&nbsp;<b>Soulgate</b>(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.</p>\n<p>Digital financial services provider&nbsp;<b>AMTD Digital</b>(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.</p>\n<p>Organ bioengineering company&nbsp;<b>Miromatrix Medical</b>(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.</p>\n<p>Kidney disease biotech&nbsp;<b>Unicycive Therapeutics</b>(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.</p>\n<p>Antibiotic biotech&nbsp;<b>Acurx Pharmaceuticals</b>(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.</p>\n<table>\n <tbody>\n  <tr>\n   <th>U.S. IPO Calendar</th>\n  </tr>\n  <tr>\n   <th>Issuer Business</th>\n   <th>Deal Size Market Cap</th>\n   <th>Price Range Shares Filed</th>\n   <th>Top Bookrunners</th>\n  </tr>\n  <tr>\n   <td><p>Full Truck Alliance (YMM)</p><p>Guiyang, China</p></td>\n   <td>$1,485M$19,723M</td>\n   <td>$17 - $1982,500,000</td>\n   <td>Morgan StanleyCICC</td>\n  </tr>\n  <tr>\n   <td>Digital freight platform that connects shippers and truckers in China.</td>\n  </tr>\n  <tr>\n   <td><p>First Advantage (FA)</p><p>Atlanta, GA</p></td>\n   <td>$298M$2,097M</td>\n   <td>$13 - $1521,250,000</td>\n   <td>BarclaysBofA</td>\n  </tr>\n  <tr>\n   <td>Provides background checks and other services to corporate customers.</td>\n  </tr>\n  <tr>\n   <td><p>Sprinklr (CXM)</p><p>New York, NY</p></td>\n   <td>$361M$5,541M</td>\n   <td>$18 - $2019,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides customer experience management software for enterprises.</td>\n  </tr>\n  <tr>\n   <td><p>Bright Health Group (BHG)</p><p>Minneapolis, MN</p></td>\n   <td>$1,290M$15,385M</td>\n   <td>$20 - $2360,000,000</td>\n   <td>JP MorganGoldman</td>\n  </tr>\n  <tr>\n   <td>Provides health insurance and other healthcare services.</td>\n  </tr>\n  <tr>\n   <td><p>Confluent (CFLT)</p><p>Mountain View, CA</p></td>\n   <td>$713M$10,033M</td>\n   <td>$29 - $3323,000,000</td>\n   <td>Morgan StanleyJP Morgan</td>\n  </tr>\n  <tr>\n   <td>Provides an enterprise platform that collects and processes real-time data streams.</td>\n  </tr>\n  <tr>\n   <td><p>Doximity (DOCS)</p><p>San Francisco, CA</p></td>\n   <td>$501M$4,549M</td>\n   <td>$20 - $2323,300,000</td>\n   <td>Morgan StanleyGoldman</td>\n  </tr>\n  <tr>\n   <td>Professional network for physicians with telehealth and scheduling tools.</td>\n  </tr>\n  <tr>\n   <td><p>Soulgate (SSR)</p><p>Shanghai, China</p></td>\n   <td>$185M$1,824M</td>\n   <td>$13 - $1513,200,000</td>\n   <td>Morgan StanleyJefferies</td>\n  </tr>\n  <tr>\n   <td>Provides the gamified social networking app Soul in China.</td>\n  </tr>\n  <tr>\n   <td><p>Acurx Pharmaceuticals (ACXP)</p><p>Staten Island, NY</p></td>\n   <td>$15M$62M</td>\n   <td>$5 - $72,500,000</td>\n   <td>Alexander CapitalNetwork 1</td>\n  </tr>\n  <tr>\n   <td>Phase 2 biotech developing antibiotics for antibiotic-resistant pathogens.</td>\n  </tr>\n  <tr>\n   <td><p>Mister Car Wash (MCW)</p><p>Tucson, AZ</p></td>\n   <td>$600M$5,256M</td>\n   <td>$15 - $1737,500,000</td>\n   <td>BofAMorgan Stanley</td>\n  </tr>\n  <tr>\n   <td>Leading national car wash brand with 344 locations across the US.</td>\n  </tr>\n  <tr>\n   <td><p>AMTD Digital (HKD)</p><p>Hong Kong, China</p></td>\n   <td>$120M$1,388M</td>\n   <td>$6.80 - $8.2016,000,000</td>\n   <td>AMTD GlobalLoop Capital</td>\n  </tr>\n  <tr>\n   <td>Digital financial services provider being spun out of AMTD.</td>\n  </tr>\n  <tr>\n   <td><p>Miromatrix Medical (MIRO)</p><p>Eden Prairie, MN</p></td>\n   <td>$32M$162M</td>\n   <td>$7 - $94,000,000</td>\n   <td>Craig-Hallum</td>\n  </tr>\n  <tr>\n   <td>Developing novel bioengineering technology for organ transplants.</td>\n  </tr>\n  <tr>\n   <td><p>Unicycive Therapeutics (UNCY)</p><p>Los Altos, CA</p></td>\n   <td>$25M$116M</td>\n   <td>$8.50 - $10.502,635,000</td>\n   <td>Roth Cap.</td>\n  </tr>\n  <tr>\n   <td>Early-stage biotech developing in-licensed therapies for kidney disease.</td>\n  </tr>\n </tbody>\n</table>\n<p>Street research is expected for seven companies, and lock-up periods will be expiring for up to two companies.</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>U.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. IPO Week Ahead: Billion-Dollar Deals Come To Market In A 12 IPO Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-19 09:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week><strong>Renaissance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market ...</p>\n\n<a href=\"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DOCS":"Doximity, Inc.","FA":"First Advantage Corp.","MCW":"Mister Car Wash, Inc.","CFLT":"Confluent, Inc.","YMM":"满帮","CXM":"Sprinklr, Inc."},"source_url":"https://seekingalpha.com/article/4435613-us-ipo-week-ahead-billion-dollar-deals-come-to-market-in-a-12-ipo-week","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1199331995","content_text":"12 IPOs are scheduled to raise $5.6 billion in the week ahead led by two billion-dollar deals.\nChinese freight platform Full Truck Alliance(YMM) plans to raise $1.5 billion at a $19.7 billion market cap. The company’s platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. Full Truck states that it is the world's largest digital freight platform by gross transaction value (GTV), facilitating 22+ million fulfilled orders with GTV of nearly $8 billion in the 1Q21.\nHealthcare manager Bright Health Group(BHG) plans to raise $1.3 billion at a $15.4 billion market cap. Bright Health seeks to employ a more consumer-centric approach to healthcare to improve consumer experiences. Through a multi-pronged organic and inorganic growth strategy, the company’s core business has grown to serve roughly 623,000 patients in 14 states since its founding.\nData infrastructure provider Confluent(CFLT) plans to raise $713 million at a $10.0 billion market cap. Confluent data infrastructure offering is designed to connect all the applications, systems, and data layers of a company around a real-time central nervous system. The company had more than 2,500 customers as of March 2021, with a dollar-based net retention rate of 117%.\nCar wash brand Mister Car Wash(MCW) plans to raise $600 million at a $5.3 billion market cap. Profitable with solid cash flow, Mister Car Wash is the largest national car wash brand in the US, with 344 locations in 21 states. The company offers a monthly subscription program called Unlimited Wash Club which had 1.4 million members as of 3/31/21, representing nearly two-thirds of total wash sales.\nDigital physicians network Doximity(DOCS) plans to raise $501 million at a $4.5 billion market cap. Doximity claims that it is the leading digital platform for US medical professionals, allowing collaboration with colleagues and secure coordination of patient care, among other features. Fast growing and profitable, the company had over 1.8 million members as of 3/31/21, representing more than 80% of physicians across the country.\nCustomer experience software provider Sprinklr(CXM) plans to raise $361 million at a $5.5 billion market cap. Sprinklr provides a software platform that helps enterprises create a persistent, unified view of each customer at scale. The company has attracted more than 1,000 customers, including over 50% of the Fortune 100. Sprinklr has improved its gross margins, though cash flow swung negative in 1Q FY22.\nHR platform provider First Advantage(FA) plans to raise $298 million at a $2.1 billion market cap. First Advantage provides technology solutions for screening, verifications, safety, and compliance related to human capital. Profitable with positive cash flow, the company derives most of its revenues from pre-onboarding screening, performing over 75 million screens on behalf of more than 30,000 customers in 2020.\nChinese social networking platform Soulgate(SSR) plans to raise $185 million at a $1.8 billion market cap. The company’s app Soul is a virtual social network created to address the drawbacks of current social media platforms. In March 2021, the company averaged 9.1 million DAUs, a 94% increase over the prior year period.\nDigital financial services provider AMTD Digital(HKD) plans to raise $120 million at a $1.4 billion market cap. AMTD Digital states that it is the \"fusion reactor\" at the core of the AMTD SpiderNet ecosystem, operating a comprehensive digital solutions platform in Asia. Profitable with explosive growth, the company primarily generates revenue from fees and commissions in two lines of business.\nOrgan bioengineering company Miromatrix Medical(MIRO) plans to raise $32 million at a $162 million market cap. Miromatrix is developing a novel technology for bioengineering fully transplantable human organs, initially focused on livers and kidneys. The company has demonstrated functional vasculature and important organ function in preclinical studies, and hopes to initiate a Phase 1 trial in late 2022 with its External Liver Assist Product.\nKidney disease biotech Unicycive Therapeutics(UNCY) plans to raise $25 million at a $116 million market cap. The company’s candidates include Renazorb, which was in-licensed from Spectrum Pharmaceuticals, and UNI 494, which was in-licensed from Sphaera Pharmaceuticals. Unicycive began conducting preclinical trials on UNI 494 in 2020.\nAntibiotic biotech Acurx Pharmaceuticals(ACXP) plans to raise $15 million at a $62 million market cap. The company is developing a new class of antibiotics for infections caused by bacteria listed as priority pathogens by the WHO, CDC, and USDA. Its lead candidate recently completed a Phase 2a trial in patients with C. difficile infections, and is expected to begin a Phase 2b trial this year.\n\n\n\nU.S. IPO Calendar\n\n\nIssuer Business\nDeal Size Market Cap\nPrice Range Shares Filed\nTop Bookrunners\n\n\nFull Truck Alliance (YMM)Guiyang, China\n$1,485M$19,723M\n$17 - $1982,500,000\nMorgan StanleyCICC\n\n\nDigital freight platform that connects shippers and truckers in China.\n\n\nFirst Advantage (FA)Atlanta, GA\n$298M$2,097M\n$13 - $1521,250,000\nBarclaysBofA\n\n\nProvides background checks and other services to corporate customers.\n\n\nSprinklr (CXM)New York, NY\n$361M$5,541M\n$18 - $2019,000,000\nMorgan StanleyJP Morgan\n\n\nProvides customer experience management software for enterprises.\n\n\nBright Health Group (BHG)Minneapolis, MN\n$1,290M$15,385M\n$20 - $2360,000,000\nJP MorganGoldman\n\n\nProvides health insurance and other healthcare services.\n\n\nConfluent (CFLT)Mountain View, CA\n$713M$10,033M\n$29 - $3323,000,000\nMorgan StanleyJP Morgan\n\n\nProvides an enterprise platform that collects and processes real-time data streams.\n\n\nDoximity (DOCS)San Francisco, CA\n$501M$4,549M\n$20 - $2323,300,000\nMorgan StanleyGoldman\n\n\nProfessional network for physicians with telehealth and scheduling tools.\n\n\nSoulgate (SSR)Shanghai, China\n$185M$1,824M\n$13 - $1513,200,000\nMorgan StanleyJefferies\n\n\nProvides the gamified social networking app Soul in China.\n\n\nAcurx Pharmaceuticals (ACXP)Staten Island, NY\n$15M$62M\n$5 - $72,500,000\nAlexander CapitalNetwork 1\n\n\nPhase 2 biotech developing antibiotics for antibiotic-resistant pathogens.\n\n\nMister Car Wash (MCW)Tucson, AZ\n$600M$5,256M\n$15 - $1737,500,000\nBofAMorgan Stanley\n\n\nLeading national car wash brand with 344 locations across the US.\n\n\nAMTD Digital (HKD)Hong Kong, China\n$120M$1,388M\n$6.80 - $8.2016,000,000\nAMTD GlobalLoop Capital\n\n\nDigital financial services provider being spun out of AMTD.\n\n\nMiromatrix Medical (MIRO)Eden Prairie, MN\n$32M$162M\n$7 - $94,000,000\nCraig-Hallum\n\n\nDeveloping novel bioengineering technology for organ transplants.\n\n\nUnicycive Therapeutics (UNCY)Los Altos, CA\n$25M$116M\n$8.50 - $10.502,635,000\nRoth Cap.\n\n\nEarly-stage biotech developing in-licensed therapies for kidney disease.\n\n\n\nStreet research is expected for seven companies, and lock-up periods will be expiring for up to two companies.","news_type":1},"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":349451581,"gmtCreate":1617633838143,"gmtModify":1704701186315,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"oh what happen to Open","listText":"oh what happen to Open","text":"oh what happen to Open","images":[{"img":"https://static.tigerbbs.com/dc7c295e8312baab64a1e2aafe8ebeff","width":"1080","height":"3073"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/349451581","isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":359702279,"gmtCreate":1616422520591,"gmtModify":1704793920092,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"Alibaba","listText":"Alibaba","text":"Alibaba","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/359702279","repostId":"1163218484","repostType":2,"repost":{"id":"1163218484","kind":"news","pubTimestamp":1616403428,"share":"https://ttm.financial/m/news/1163218484?lang=&edition=fundamental","pubTime":"2021-03-22 16:57","market":"us","language":"en","title":"Alibaba: A Value And Growth Stock At Current Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1163218484","media":"seekingalpha","summary":"At current prices, Alibaba is now both a growth and value stock.This article will assess Alibaba's attractive growth prospects and the company's valuation.Alibaba will be able to enjoy stable growth from their commerce business in the next decade.The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.Earlier ","content":"<p><b>Summary</b></p>\n<ul>\n <li>At current prices, Alibaba is now both a growth and value stock.</li>\n <li>This article will assess Alibaba's attractive growth prospects and the company's valuation.</li>\n <li>Alibaba will be able to enjoy stable growth from their commerce business in the next decade.</li>\n <li>The company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.</li>\n <li>Alibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7b6823bb4926a0de6a0dba52057262b1\" tg-width=\"768\" tg-height=\"508\"><span>Photo by maybefalse/iStock Unreleased via Getty Images</span></p>\n<p><b>Value Meets Growth</b></p>\n<p>Earlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.</p>\n<p>In this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!</p>\n<p><b>A Quick Recap</b></p>\n<p>Alibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media &amp; Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bceb440f06e8958f52eb589475fc82cf\" tg-width=\"640\" tg-height=\"241\"><span>Source: Author's Compilation From Alibaba's 2020 Investor Day Presentation</span></p>\n<p>Notable changes from 2019's Investor Day include:</p>\n<ul>\n <li>Increasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020</li>\n <li>Taking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020</li>\n <li>Shutting down of Xiami music streaming platform in February 2021</li>\n</ul>\n<p>While Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.</p>\n<p>Sustainable Growth In Core CommerceE-Commerce In China&nbsp;<b>Continual Growth In China's E-Commerce Industry</b></p>\n<p>Alibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.</p>\n<p>In 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/756074b4a628637b6f63ca0f24a2657b\" tg-width=\"471\" tg-height=\"473\"><span>Source: eMarketer.com</span></p>\n<p>While this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.</p>\n<p><b>Growth In Chinese Consumer Spending</b></p>\n<p>One major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.</p>\n<p>According to a&nbsp;report&nbsp;by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.</p>\n<p>This trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.</p>\n<p><b>Live Streaming As A Sales Medium</b></p>\n<p>In recent years, live streaming as a sales medium has gained huge popularity in China. According to&nbsp;Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11036cc14b9aacf03ae2f6a71af8b9b9\" tg-width=\"640\" tg-height=\"610\"><span>Source: WalkTheChat</span></p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p>Live streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.</p>\n<p>Live-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.</p>\n<p>On Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.</p>\n<p>The growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.</p>\n<p>E-Commerce Expansion Into South East Asia (SEA)</p>\n<p>As the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:</p>\n<ul>\n <li>A Retail Situation That Is Similar To That Of China 10 Years Ago</li>\n <li>Favourable Industry Trends</li>\n <li>Strong Market Position</li>\n</ul>\n<p><b>A Familiar Retail Situation</b></p>\n<p>The current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.</p>\n<p>This makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b6d6fb227b8c656b6877c05cda10bc05\" tg-width=\"640\" tg-height=\"250\"><span>Source: Alibaba 2020 Investor Day Presentation</span></p>\n<p><b>Favourable Industry Trends</b></p>\n<p>Apart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.</p>\n<p>1. A Rapidly Expanding Market</p>\n<p>According to&nbsp;Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!</p>\n<p>Looking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.</p>\n<p>2. COVID-19 Accelerated E-Commerce User-ship</p>\n<p>According to report by Facebook and Bain &amp; Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!</p>\n<p>In the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/908582f41e5c35b3d4ea07100fbe40fd\" tg-width=\"640\" tg-height=\"470\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>3. Increasing Consumer Spending</p>\n<p>SEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of &gt;15% in online spending.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57f4d6765dd4d059ba13ba9d859c6b48\" tg-width=\"640\" tg-height=\"352\"><span>Source: Techpinas.com</span></p>\n<p>This growth is expected to remain high in the coming years with the same report by Facebook and Bain &amp; Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9d2ad0cc4c3fb4bc0fe134e91d7822a6\" tg-width=\"640\" tg-height=\"437\"><span>Source: Facebook and Bain &amp; Company Report</span></p>\n<p>4. Numerous Catalyst For Growth</p>\n<p>Over the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:</p>\n<ul>\n <li>Population Increase</li>\n <li>Rising Disposable Income</li>\n <li>Greater Mobile Phone Ownership — Driven by falling phone prices</li>\n <li>Faster Internet Speed — Improves efficiency and convenience</li>\n</ul>\n<p>Currently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!</p>\n<p><b>A Strong Market Position</b></p>\n<p>Currently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.</p>\n<p>As shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/17c2674331dd7f0c33ce2cc9ae89b8e9\" tg-width=\"640\" tg-height=\"341\"><span>Source: Nativex</span></p>\n<p>While Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.</p>\n<p>In conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.</p>\n<p><b>Strong Growth Expected In Local Services</b></p>\n<p>An often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.</p>\n<p>Over the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bd5831a87f6cc2e73eab37213f859760\" tg-width=\"640\" tg-height=\"415\"><span>Source: Statista</span></p>\n<p>As of December 2020, China had&nbsp;986 million&nbsp;mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.</p>\n<p>Between 2021-2026,EMR&nbsp;expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:</p>\n<ul>\n <li>The convenience of online food delivery</li>\n <li>Online delivery is already integrated into everyday apps like WeChat and Alipay</li>\n <li>More young people do not have the time and/or ability to cook</li>\n <li>An already large internet mobile population</li>\n</ul>\n<p>If the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.</p>\n<p><b>Innovations In New Retail Could Spur Growth</b></p>\n<p>Another lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous&nbsp;article&nbsp;to learn more about Alibaba's new retail.</p>\n<p>New Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/253d16bea23dcb43969c282ffeba9710\" tg-width=\"640\" tg-height=\"266\"><span>Source: Author's Illustrations</span></p>\n<p>According to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.</p>\n<p>Capturing The Cloud Industry's Rapid Growth</p>\n<p>Apart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.</p>\n<p>The cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.</p>\n<p>Cloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.</p>\n<p>For Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.</p>\n<blockquote>\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n</blockquote>\n<blockquote>\n -- Alibaba CEO Daniel Zhang in a&nbsp;CNBC Interview\n</blockquote>\n<p><b>Rapid Industry Growth</b></p>\n<p>In the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.</p>\n<p>According&nbsp;to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.</p>\n<p>Long term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total&nbsp;cloud spending&nbsp;was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9e5eaee88c10086939b21d938301d044\" tg-width=\"640\" tg-height=\"413\"><span>Source: Geekwire</span></p>\n<p>Internationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.</p>\n<p><b>Catalyst For Cloud Development</b></p>\n<p>Other catalysts for the growth of cloud computing in China include:</p>\n<ul>\n <li>China has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to&nbsp;SCMP</li>\n <li>5G Mobile Networks</li>\n <li>“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing</li>\n <li>COVID-19 has accelerated the move towards cloud adaptation</li>\n</ul>\n<p><b>A High Margin &amp; Profitable Business Model</b></p>\n<p>Apart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.</p>\n<p>For example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.</p>\n<p>In the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7e974af686cc46beba5dfc1c011db901\" tg-width=\"640\" tg-height=\"473\"><span>Source: Geekwire</span></p>\n<p>Therefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.</p>\n<p><b>Alibaba Is Well Positioned To Capture This Growth</b></p>\n<p>While industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:</p>\n<ol>\n <li>It has a first mover advantage</li>\n <li>It is the current cloud market leader in China by a huge margin</li>\n <li>There are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)</li>\n <li>China has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing</li>\n</ol>\n<p>Elaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's&nbsp;market share&nbsp;at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.</p>\n<p><b>Cloud Is Becoming Profitable</b></p>\n<p>Since entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.</p>\n<p>After many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.</p>\n<p>Other Avenues Of Growth</p>\n<p>Apart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.</p>\n<p><b>Making Strategic Investments</b></p>\n<p>Apart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.</p>\n<p>By making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/00e2116a75cbfc02917c115917ab6a2a\" tg-width=\"549\" tg-height=\"252\"><span>Source: Advangent.com</span></p>\n<p>On the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!</p>\n<p>Considering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"</p>\n<p><b>Divesting Non-Core Businesses</b></p>\n<p>While Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.</p>\n<p>And this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media &amp; entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.</p>\n<p>With no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.</p>\n<p>Therefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.</p>\n<p><b>Ant Financial</b></p>\n<p>For many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.</p>\n<p>However, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e28f81a44ee1faefde4ca73952472151\" tg-width=\"640\" tg-height=\"371\"><span>Source: Daxue Consulting</span></p>\n<p>Apart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.</p>\n<p><b>Evaluation Of Alibaba's Growth Prospects</b></p>\n<p>After analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..</p>\n<p>Alibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.</p>\n<p>At this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.</p>\n<p><b>Current Valuation Of Alibaba</b></p>\n<p>In my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/60970c1f02270ea3d812e0603b44a197\" tg-width=\"640\" tg-height=\"444\"><span>Source: Author's calculations</span></p>\n<p><b>Assumptions &amp; Estimates Used</b></p>\n<ul>\n <li>All figures are in RMB unless otherwise stated</li>\n <li>USD to RMB exchange rate used is 1:7</li>\n <li>Earnings &amp; revenue estimates are for Fiscal Year 2021 which ends on 31/3/21</li>\n <li>Y-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media &amp; entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures</li>\n <li>Conservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by&nbsp;Bloomberg</li>\n <li>The value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation</li>\n <li>Balance sheet information is from the company's latest 10-Q</li>\n</ul>\n<p><b>Price Multiples Used</b></p>\n<p>For Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/267ced3b0a87b74cb78f90024fba03dd\" tg-width=\"640\" tg-height=\"457\"><span>Source:Analyst Prep</span></p>\n<p>With reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.</p>\n<p>Taking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail &amp; commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.</p>\n<p>For the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.</p>\n<p>The digital media &amp; entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives &amp; others takes the multiple of the US IT sector.</p>\n<p><b>Conclusion</b></p>\n<p>At a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.</p>\n<p>Finally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.</p>\n<p>I will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.</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>Alibaba: A Value And Growth Stock At Current Prices</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\">\nAlibaba: A Value And Growth Stock At Current Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 16:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy ...</p>\n\n<a href=\"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","09988":"阿里巴巴-W"},"source_url":"https://seekingalpha.com/article/4415263-alibaba-value-and-growth-stock-current-prices","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1163218484","content_text":"Summary\n\nAt current prices, Alibaba is now both a growth and value stock.\nThis article will assess Alibaba's attractive growth prospects and the company's valuation.\nAlibaba will be able to enjoy stable growth from their commerce business in the next decade.\nThe company's expansion into cloud computing will provide explosive growth opportunities considering the industry's growth rate and high margins.\nAlibaba will also be able to enjoy growth from its strategic investments and stake in Ant Financial.\n\nPhoto by maybefalse/iStock Unreleased via Getty Images\nValue Meets Growth\nEarlier in January, I conducted a fundamental analysis on Alibaba (BABA), and explained how it the company was undervalued as a result of an overreaction due to regulatory fears.Two months on, the stock had seen a spectacular rise back to the ~$270 levels and came tumbling back to the ~$230 levels as a result of the tech sell-off. This presents another golden opportunity for investors to pick up a great business at a fantastic price.\nIn this article, I will analyse the growth opportunities of Alibaba and explain why I believe that the company will be able to sustain high growth rates of ~20%-30% over the next decade. As a result, buying Alibaba today gives investors a rare opportunity of buying both a value and growth stock!\nA Quick Recap\nAlibaba has four main business segments, namely: Core Commerce, Cloud Computing, Digital Media & Entertainment and Innovation Initiatives. The company also has a 33% equity stake in Ant Financial as well as a diverse portfolio of investments. The following figure shows a detailed breakdown of Alibaba's business segments and brands.\nSource: Author's Compilation From Alibaba's 2020 Investor Day Presentation\nNotable changes from 2019's Investor Day include:\n\nIncreasing its stake in EV maker Xpeng(NYSE:XPEV)from 3.2% to 19% in end 2020\nTaking a controlling stake of 72% in Sun Art(OTCPK:SURRY), a leading hypermarket and supermarket operator in China in October 2020\nShutting down of Xiami music streaming platform in February 2021\n\nWhile Alibaba is actively developing each of these segments, my following growth analysis will be more focused on the Core Commerce and Cloud Computing segments as they are the key revenue contributors to Alibaba (86% and 8% of FY20 revenue respectively) and experience the best growth tailwinds.\nSustainable Growth In Core CommerceE-Commerce In China Continual Growth In China's E-Commerce Industry\nAlibaba's legacy business, its Chinese e-commerce platforms will continue to benefit from the growth in consumer spending and e-commerce penetration in China. Although this segment will no longer see explosive growth, retail e-commerce sales in China is still expected to grow at a steady pace.\nIn 2021, e-commerce is forecasted to account for more than 50% of total retail sales in the country and this percentage will increase about ~2% per year thereafter. Growth in retail e-commerce sales will slowly taper down, but annual growth will remain in the 10% range after 2021.\nSource: eMarketer.com\nWhile this is not an astonishing growth rate, a ~10% yearly growth for a maturing business segment is certainly positive for the company. This also helps Alibaba generate an increasing amount of cash flow which can be deployed to develop other business segments and create new sources of income.\nGrowth In Chinese Consumer Spending\nOne major factor that can significantly affect the trajectory of the e-commerce industry is the consumer spending of Chinese citizens.\nAccording to a report by Morgan Stanley in January 2021, “Chinese consumer spending is set to more than double in ten years.” China’s private consumption was $5.6 trillion in 2019 and is expected to reach $12.7 trillion by 2030, the same amount which American’s currently spend. By 2030, disposable income per capita is also expected to rise proportionally, from $6,000 a year to $12,000, representing a CAGR of 7% over the next decade.\nThis trend is mainly driven by an ageing population as the age groups with the highest purchasing power retire or have families, resulting in an increase in spending. Therefore, should Alibaba be able to tap onto this emerging market by focusing on family and elderly related products such as healthcare items, it would help the company sustain high growth rates in its local e-commerce business for the next decade.\nLive Streaming As A Sales Medium\nIn recent years, live streaming as a sales medium has gained huge popularity in China. According to Coresight, life streaming sessions are real time \"broadcasting of video content by presenters such as social media influencers that model or try out products.\" Users will then be able to purchase the product by clicking an embedded link. Products advertised during live streaming are usually sold at a discounted price and there are limited quantities for sale, which explains why so many consumers tune in to hunt for bargains. The figure below shows how a typical live streaming session looks like.\nSource: WalkTheChat\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nLive streaming has brought in extraordinary results for e-commerce companies. On Singles Day 2019, top live streamer, Viya's (left) eight-hour session engaged 43.15 million buyers while Li Jiaqi's (right) six-hour live stream drew over 36.8 million viewers. In total, over 100,000 brands utilised Taobao's live streaming function during Singles’ Day 2019, generating a Gross Merchandise Value (GMV) of ¥20 billion ($2.85 billion), which represents 7.5% of total sales on Singles Day.\nLive-streamers are quickly growing in popularity in China. Top live-streamers like Viya and Li Jiaqi are often invited to take part and feature in reality shows as well as concerts. This helps to further expand their already wide group of audiences, which in turn can fuel more growth in the life streaming segment, and an increase in GMV.\nOn Chinese social media platform Weibo(NASDAQ:WB), Li Jiaqi and Viya have amassed 29 and 17 million followers, respectively, a figure which even exceeds that of many celebrities. This reflects the ever-growing popularity of live streamers and the potential reach they have.\nThe growth in this segment will benefit Alibaba the greatest as the two most popular live streamers mentioned above live stream on Taobao. If live streaming continues to rapidly gain popularity and relevance, it could help to accelerate consumer spending which will benefit Alibaba's e-commerce business.\nE-Commerce Expansion Into South East Asia (SEA)\nAs the growth in the Chinese e-commerce market will eventually plateau out, Alibaba has stepped up its expansion into the next potential e-commerce hotbed, the SEA market. Alibaba's operations in the region are mainly through Lazada (acquired in 2016), Tokopedia (equity investment in 2017) and AliExpress. To Alibaba, SEA is an extremely attractive and viable market due to the following:\n\nA Retail Situation That Is Similar To That Of China 10 Years Ago\nFavourable Industry Trends\nStrong Market Position\n\nA Familiar Retail Situation\nThe current retail landscape in SEA is very similar to that of China which allowed Alibaba to thrive. The region has a huge population (~600m) which is very young, high mobile usage, a relatively undeveloped e-commerce industry, low income levels and a similar culture and background to China.\nThis makes it easier for Alibaba adopt and innovate from their successful Chinese business model and implement it in SEA.\nSource: Alibaba 2020 Investor Day Presentation\nFavourable Industry Trends\nApart from the SEA market resembling China ten years ago, the region is also experiencing very positive trends regarding income growth, consumer spending growth and e-commerce penetration, all of which will accelerate Alibaba’s developments in the region.\n1. A Rapidly Expanding Market\nAccording to Mashable, Southeast Asia’s internet economy hit the US$100 billion mark at the end of 2019, and e-commerce was the largest sector contributing to this figure. Out of $100 billion, e-commerce platforms made US$38 billion!\nLooking ahead, the region’s online market value is expected to rise to US$300 billion by 2025, and e-commerce will be one of the greatest benefactors of this growth.\n2. COVID-19 Accelerated E-Commerce User-ship\nAccording to report by Facebook and Bain & Company in August 2020, the number of digital consumers in SEA will reach 310 million by the end of 2020. This figure was originally expected to be hit in 2025 according to their 2019 study. It is likely that the emergence of COVID-19 had accelerated e-commerce adaptation in the region, condensing five years worth of growth into one!\nIn the following years, the report predicts that the number of digital consumers will continue growing at a fast pace, with a revised figure of 340 million by 2025. I wouldn’t be too surprised if this figure was also exceeded in the next year or two considering the rapid advancements in technology in the region.\nSource: Facebook and Bain & Company Report\n3. Increasing Consumer Spending\nSEA countries have recorded one of the highest growths in online spending in the past years. From the chart below, we can see that SEA nations (highlighted in yellow) have been experiencing high yearly growth rates of >15% in online spending.\nSource: Techpinas.com\nThis growth is expected to remain high in the coming years with the same report by Facebook and Bain & Company predicting a 3.5x increase in online spending over 2018 amounts by 2025. (This figure was previously 3.2x in 2019). As of 2020, the average gross merchandise value (GMV) in the region is an estimated US$172 per person. This pales in comparison with China’s ~US$1400 GMV per person as calculated using figures from Alibaba’s 2020 annual report (RMB 6,589,000m GMV/ 726m Annual Active Consumers *0.15 Exchange Rate), indicating a huge runway for growth. Just by simply catching up to the average spend per consumer in China, SEA’s e-commerce GMV would increase 8x!\nSource: Facebook and Bain & Company Report\n4. Numerous Catalyst For Growth\nOver the next decade, apart from the trends mentioned, there are also numerous favourable factors which will drive this growth or provide an added boost to this developing industry. The catalysts for growth include:\n\nPopulation Increase\nRising Disposable Income\nGreater Mobile Phone Ownership — Driven by falling phone prices\nFaster Internet Speed — Improves efficiency and convenience\n\nCurrently, all of these factors are trending upwards, which is very positive news for the SEA e-commerce industry!\nA Strong Market Position\nCurrently, the two main e-commerce players in SEA are Alibaba (through Lazada and Tokopedia) as well as Sea (through Shopee). Alibaba and Sea operate in a “duopoly” in the SEA e-commerce space. Hence, Alibaba is well positioned to capture much of the growth from the booming e-commerce industry in SEA.\nAs shown in the figure below, Alibaba-owned Lazada is currently the top e-commerce application in all SEA countries except Singapore. However, Carousell is not direct competition to Lazada as the former is more of a C2C marketplace to sell secondhand items. Additionally, Lazada also gained market share in Vietnam as it was ranked 2nd behind Shopee in 2019.\nSource: Nativex\nWhile Alibaba's current market position remains superior, Sea-owned Shopee is providing Alibaba with extremely strong competition in the region and Lazada will need to actively improve its services and offerings to maintain its market position.\nIn conclusion, SEA is a huge growth opportunity for Alibaba’s e-commerce business due to a familiar retail situation, rapidly increasing income levels, rising consumer spending and a more widespread adoption of e-commerce. Being a market leader will also allow Alibaba to benefit the most from the growth of this market.\nStrong Growth Expected In Local Services\nAn often overlooked part of Alibaba's core commerce business are its local services which mainly consists of Alibaba's online-to-offline (O2O) food delivery service. This is another industry in China which is experiencing a secular increase in penetration and adoption rate.\nOver the past five years, the number of online food delivery users have quadrupled, although it saw a slight drop in 2020 due to the COVID-19 pandemic. Unlike most countries whereby lockdowns in 2020 caused a spike in food delivery users, strict pandemic prevention rules in China resulted in a temporary drop in food delivery users as delivery drivers were unable to enter certain residential areas. Following the peak of the pandemic, food delivery usage quickly rose back to 2019 levels. With low rates of infection within the country, it is likely that food delivery services will continue to gain steam and increase in usage in the following years.\nSource: Statista\nAs of December 2020, China had 986 million mobile internet users. This means that the O2O food delivery penetration rate is still below 50%, implying a large runway for growth in this industry.\nBetween 2021-2026,EMR expects the Chinese online food delivery market to grow at an astonishing CAGR of 112%. There are many tailwinds that will fuel this growth, namely:\n\nThe convenience of online food delivery\nOnline delivery is already integrated into everyday apps like WeChat and Alipay\nMore young people do not have the time and/or ability to cook\nAn already large internet mobile population\n\nIf the online food delivery industry can achieve anything near of the predicted growth rate, Alibaba’s local delivery service will deeply benefit and become an important driver of revenue growth. Furthermore, the company also aims to widen the delivery services it provides to beyond food, which would provide more growth opportunities.\nInnovations In New Retail Could Spur Growth\nAnother lesser-known part of Alibaba's commerce business is New Retail, where the company aims to combine the online and offline shopping experience. Alibaba's expansion into new retail includes departmental store chain Intime and supermarket Hema. You can refer to my previous article to learn more about Alibaba's new retail.\nNew Retail is currently Alibaba's fastest growing commerce segment, contributing approximately 20% of commerce revenue. As Alibaba expands its new retail segment to include more brick and mortar businesses (e.g., acquiring a controlling stake in hypermarket Sun Art in 2020 where it plans to push more new retail strategies), this segment will continue to be a strong revenue driver for the company.\nSource: Author's Illustrations\nAccording to Jack Ma, the transition to new retail will take a total of 12 years. As of today, we are only five years in. Given the positive results showed in the early stages, I believe that new retail will be able to establish Alibaba's presence and leadership in both online and offline retail, effectively increasing its total addressable market and future revenues.\nCapturing The Cloud Industry's Rapid Growth\nApart from the numerous opportunities for growth and expansion in the commerce sector, Alibaba's cloud computing business will likely be the segment that poses huge growth figures.\nThe cloud computing market is a rising industry in China as cloud services is part of the nation's drive to upgrade its economy by incorporating a range of new technologies such as big data and AI. This is reflective in the “Made In China 2025” Plan which places a key emphasis on IT development and independence.\nCloud Services in China are considered “a few years” behind the US in adaptation and development, with China cloud market share being13.7%of global cloud demand, less than would be expected for a market of its size.\nFor Alibaba, cloud computing is now their main business focus after commerce as they believe in the prospects and profitability of the industry.\n\n I think cloud will be the main business of Alibaba in the future”, reflecting the direction that Alibaba is pivoting its business to. \n\n\n -- Alibaba CEO Daniel Zhang in a CNBC Interview\n\nRapid Industry Growth\nIn the past five years, Alibaba’s cloud segment revenue has grown at an astonishing CAGR of 99%. As China’s cloud industry is still at a developing phase, we can continue to expect strong growth from both the company and industry.\nAccording to a white paper by the Development Research Center (DRC) of the State Council, it predicts that China’s domestic cloud industry will exceed 300 billion yuan by 2023 (up from 96 billion in 2018) and over “60% of the country’s businesses and government agencies will rely on cloud computing as an integral part of their daily operations”.\nLong term wise, China’s cloud industry still has a very long runway to develop. In 2019, China’s total cloud spending was only 8.4% of the US, but its GDP was 67% of the US and growing at a quicker pace. As China catches up with the US in cloud development and usage rates, they will likely experience strong, secular growth in its cloud industry minimally over the next decade.\nSource: Geekwire\nInternationally, Alibaba Cloud is also slowly gaining market share and an expansion into overseas markets especially South East Asia could be very beneficial for the company’s cloud growth.\nCatalyst For Cloud Development\nOther catalysts for the growth of cloud computing in China include:\n\nChina has the largest internet population in the world — \"generating a huge amount of data that needs to be stored securely and analysed for insights in a cost-effective manner\", according to SCMP\n5G Mobile Networks\n“Internet Plus” Strategy introduced in 2015 which seeks to integrate the mobile internet, cloud computing, big data and IoT applications to modernise industries and manufacturing\nCOVID-19 has accelerated the move towards cloud adaptation\n\nA High Margin & Profitable Business Model\nApart from high growth rates, success in the cloud business can profoundly enhance Alibaba's bottom line due to its high margins.\nFor example, cloud accounts for only 1/9th of Amazon's revenue, yet it contributes 60% of operating profits, reflecting the profitability in this business.\nIn the past years, operating margins for the cloud segment of market leaders such as AWS has hovered around the high twenties. As of 4Q20, AWS' operating margin improved to ~30% and it is expected to continue rising to 35% within the next two years.\nSource: Geekwire\nTherefore, development of cloud services can both provide strong revenue growth as well as a reversal of Alibaba's falling operating margins. Revenue growth and margin expansion is an extremely ideal situation for shareholders since this will result in a greater rise in net income.\nAlibaba Is Well Positioned To Capture This Growth\nWhile industry growth is positive news, a high growth industry will inevitably attract multiple players, resulting in stiff competition. However, I believe that Alibaba will be able to stand out from the competition as:\n\nIt has a first mover advantage\nIt is the current cloud market leader in China by a huge margin\nThere are only two main competitors — Tencent(OTCPK:TCEHY)and Baidu(NASDAQ:BIDU)\nChina has a more developed IT Infrastructure than the US, hence less money is required to redevelop decade old infrastructure and replace it with the networks required for cloud computing\n\nElaborating on points 2 and 3, as of 2Q20, Alibaba Cloud has the bulk of China's market share at 40%, while its closest rivals Tencent Cloud and Huawei Cloud have about 15% each. Even as competitors develop aggressively, Alibaba still remains the market leader by a huge margin, reflecting its superiority over competitors.\nCloud Is Becoming Profitable\nSince entering the cloud industry in 2009, Alibaba's cloud business has always been unprofitable as the company splashed the cash to develop high quality infrastructure and attract customers. Similarly for Amazon, AWS took over 10 years to become profitable.\nAfter many years of draining the company's operating cash flows, Alibaba's cloud segment is finally showing signs of profitability as the company reported its first positive EBITA in 4Q20. Alibaba believes that full year profitability will be possible within the next fiscal year or two.\nOther Avenues Of Growth\nApart from strong growth in commerce and cloud, the following avenues will also help the company to increase income in the long run.\nMaking Strategic Investments\nApart from its core businesses, Alibaba has a portfolio of equity stakes in multiple companies. I will categorise these investments into two broad groups: Investments into \"complementary\" businesses and investments into unrelated growth sectors.\nBy making investments in related businesses, Alibaba can reduce competition and broaden its reach, thereby benefiting its current core businesses. For example, Alibaba acquired Kaola, a cross-border e-commerce platform in September 2019 and integrated it into Tmall, effectively consolidating the industry. In 2019, Alibaba's Tmall had 25% of the cross border e-commerce market while Kaola had 27.5% of the market. With the acquisition, Alibaba will now be the outright market leader in this e-commerce segment.\nSource: Advangent.com\nOn the other hand, Alibaba's equity stake in rather \"unrelated\" businesses in a large prospective market allows the company to tap on the large growth potential of a new industry which it may not necessarily have the expertise to directly compete in. For example, Alibaba entered the lucrative EV market with a 14% equity stake in Xpeng. Assuming Xpeng can thrive in this industry and emerge as a top producer within the next decade, the company could be worth ~US$150 billion, which is the current market capitalisation of the world's largest automaker Volkswagen. If this theoretical valuation is achieved, Alibaba's stake would be worth US$20 billion!\nConsidering that Alibaba is a cash rich company, small investments in attractive growth companies will not put a huge dent in the company's financials. On the flip side, if the investment plays out well, Alibaba could see huge returns on their investments. As Mohnish Pabrai always says, \"Heads I Win, Tails I Don't Lose Much!\"\nDivesting Non-Core Businesses\nWhile Alibaba continually expands its network of businesses and investments, is important to understand that not all ventures will succeed. For those that still remain in a poor position after many years of capital injection and developments, sometimes the best solution is to cut it off.\nAnd this is what Alibaba does. Take Xiami as an example. Xiami was acquired in 2013 under Alibaba's digital media & entertainment business to compete in the lucrative music streaming industry which was then dominated by Tencent. Despite its efforts of aggressively developing and promoting Xiami, Xiami was unable to substantially grow its user-base and has always been a loss-making business. As of January 2021, Xiami only commanded \"2 per cent of China's music streaming market, behind KuGou Music, QQ Music, KuWo, and NetEase Cloud Music\" asreportedby TalkingData. As a result, Alibaba announced that it would shut down its music streaming platform within the next month.\nWith no viable route to profitability and a poor market position in a very competitive industry, I believe that this was a smart business decision as it allows the company to cut losses, minimise operating expenses and focus on other more successful ventures.\nTherefore, Alibaba has shown that it is not only capable at making shrewd investments, it also knows when to cut its losses and move on when necessary.\nAnt Financial\nFor many investors, Alibaba's foray into the fin-tech industry via Ant Financial would be a major catalyst for growth for the company. However, I am not going to include this as a main growth driver as Ant's restructuring is still incomplete and we do not know the full impact that regulations will have on Ant. Therefore, until we have a clearer picture on Ant's updated structure, business model and strategy, I will not be able to provide a concise growth forecast for this segment.\nHowever, as Ant's Alipay is the leading mobile payment platform in China along with WeChat pay, Ant will certainly benefit from the rise in Chinese consumer spending over the next decade as well as the increasing adaptation of mobile payment methods in more rural parts of the country.\nSource: Daxue Consulting\nApart from payments, Ant Financial also provides services which covers every aspect of a consumer's financial journey, from insurance to loans to investments. These services will also benefit from the growing affluence of the Chinese middle class. If the all-in-one Alipay app is able to induce consumer stickiness to its products, or further \"trap\" consumers within Alibaba's wide range of services, Ant could further improve Alibaba's already strong network effect and help the company increase revenue by up-selling or cross-selling consumers.\nEvaluation Of Alibaba's Growth Prospects\nAfter analysing Alibaba's growth prospects in its various segments, I believe that the cloud computing business will be Alibaba's main driver of growth for the next decade. This segment should be able to increase earnings at a 30-40% growth rate for the next five years considering that it will turn profitable soon and can help in expanding the company's margins..\nAlibaba's legacy Chinese e-commerce business will likely see declining growth rates as the industry is maturing, but its expansion into SEA, local services and new retail will provide a boost to this business segment. These three businesses are all still in their infancy and in an industry, which is yearning to take off. Strong market positions in these industries will ensure that Alibaba can capture a large proportion of this growth. As a result, I believe that Alibaba's core commerce segment as a whole can easily achieve growth rates of 15%-25% in the next five years.\nAt this point, the success of Alibaba's strategic investments and equity stake in Ant Financial is still difficult to quantify. However, they are currently heading in the right direction and the management has demonstrated its ability to extract a lot of value from their investments, be it by complementing current businesses or through an increase in valuation. Therefore, I am optimistic that Alibaba's portfolio of investments (including Ant) will provide tailwinds for the company's growth.\nCurrent Valuation Of Alibaba\nIn my previousarticle, I did a Sum-Of-The-Parts (SOTP) valuation approach for Alibaba. For this valuation, I will also be using a SOTP valuation, but adopting an even more conservative approach to protect myself from what seems to be an inevitable market downturn.\nSource: Author's calculations\nAssumptions & Estimates Used\n\nAll figures are in RMB unless otherwise stated\nUSD to RMB exchange rate used is 1:7\nEarnings & revenue estimates are for Fiscal Year 2021 which ends on 31/3/21\nY-o-y growth estimates are 20% for core commerce, 50% for cloud computing, 3% for digital media & entertainment and 0% for innovation initiatives. These estimates are slightly lower than the released 9M21 vs 9M20 figures\nConservatively, Ant Financial is now valued at US$108 billion, according to the latest valuation by Bloomberg\nThe value of \"Other Strategic Investments\" is adapted from Alibaba's 2020 Investor Day presentation\nBalance sheet information is from the company's latest 10-Q\n\nPrice Multiples Used\nFor Alibaba's core commerce business, the two multiples used are very conservative as Alibaba's historical average P/E is around 39. The reason for using a more conservative P/E is very simple. Alibaba's core commerce business will no longer experience exponential growth in the years ahead, therefore a few years from now, the core commerce business will unlikely command such a high multiple.\nSource:Analyst Prep\nWith reference to an industry life cycle model, I will estimate Alibaba's core commerce business to be somewhere between the \"growth\" and \"shake-out\" stage now.\nTaking the 10-year P/E average of other e-commerce companies (JD(NASDAQ:JD), eBay(NASDAQ:EBAY)and Rakuten(OTCPK:RKUNY)), I arrive to a multiple of 25. Amazon(NASDAQ:AMZN)has been excluded as I personally think that it's extremely high P/E is unsustainable in the long run. A P/E of 25 is realistic as large commerce chains which are currently in a mature industry (Walmart(NYSE:WMT), Target(NYSE:TGT), Costco(NASDAQ:COST)) trade at a 10-year average P/E of ~20. Once e-commerce reaches \"mature\" stage, it should trade on a similar multiple to its retail & commerce peers. However, due to its much higher margins, I believe that Alibaba will trade at a slight premium, therefore a base case multiple of 25 is appropriate.\nFor the cloud computing industry, cloud businesses are currently trading at Price to Revenue multiples between 10x to 15x. In 2019, AWS traded at a multiple of ~12 hence this will be my base case estimate.\nThe digital media & entertainment business's multiple is derived from the 10-year average of Netflix(NASDAQ:NFLX)and iQiyi(NASDAQ:IQ)while innovation initiatives & others takes the multiple of the US IT sector.\nConclusion\nAt a price below $239, Alibaba is trading at a valuation even lower than its bear case, and this valuation model by itself is already extremely conservative. Therefore, investing in Alibaba today not only comes with spectacular growth opportunities, but also an equally amazing margin of safety. Should prices continue to fall from here, I will not hesitate to continue adding to my Alibaba positions.\nFinally, as I was writing this article, there were rumours that the Chinese government had asked Alibaba to dispose their media assets as they were concerned about Alibaba's ability to sway public sentiment. In the meantime, the key assets in concern are the South China Morning Post and several other news and media outlets. This may not necessarily be bad for the company as divestment of these assets would allow them to shore up cash to meet the regulatory requirements for Ant Financial. Such a move could also elevate the company's favourability with the government. Overall, insiders have stated that it is unlikely that Alibaba will need to divest its entertainment business, hence this regulatory concern seems to be more focused on Alibaba's media assets and will not affect the company's commerce, cloud or entertainment business, which are much more important to the company.\nI will not go on with all the risks associated with this investment as I have already assessed them in my previous article. As an ending remark, I will note that investing in Alibaba is indeed riskier due to the regulatory concerns both in US and China. However, if you are able to stomach the added risk and volatility, Alibaba currently gives you a very good opportunity to capitalise on the growth of China and comes at a price with a huge margin of safety baked in to protect investors from the potential downside risks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":82,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359209840,"gmtCreate":1616400311480,"gmtModify":1704793502901,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"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/359209840","repostId":"2121145191","repostType":4,"repost":{"id":"2121145191","kind":"news","pubTimestamp":1616354671,"share":"https://ttm.financial/m/news/2121145191?lang=&edition=fundamental","pubTime":"2021-03-22 03:24","market":"us","language":"en","title":"Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000","url":"https://stock-news.laohu8.com/highlight/detail?id=2121145191","media":"Bloomberg","summary":" -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.Ark expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.It also added Tesla’s insurance business into its model,","content":"<p>(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.</p>\n<p>Ark expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.</p>\n<p>It also added Tesla’s insurance business into its model, believing the offering could be rolled out to more states in the next few years with better-than-average margins, thanks to “highly detailed driving data” the company collects.</p>\n<p>Wood has been among Tesla’s most ardent supporters, holding large stakes of the company in her flagship fund. When Tesla shares saw a pullback in February, she bought more.</p>\n<p>The $3,000 target is by far the highest among analysts who cover the company, according to data compiled by Bloomberg.</p>\n<p>According to Ark’s new model, in the best case scenario, Tesla could reach $4,000 per share in 2025, and in the bear case, $1,500. The company forecasts Tesla’s unit sales to be between 5 million and 10 million vehicles in 2025, assuming increased capital efficiency.</p>\n<p>The model didn’t incorporate Tesla’s utility energy storage or solar business, nor did it consider future price fluctuations for Tesla’s Bitcoin holdings.</p>\n<p>Barron’s reported the price target earlier.</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>Cathie Wood’s Ark Has a New Price Target for Tesla: $3,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood’s Ark Has a New Price Target for Tesla: $3,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-22 03:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e0a8fe18513af94b700c5acc57c5ec21","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/cathie-wood-ark-price-target-171141755.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2121145191","content_text":"(Bloomberg) -- Cathie Wood’s Ark Invest Management expects Tesla Inc. stock to hit $3,000 by 2025, up from its current price of $655. At that price, the company would be worth almost $3 trillion, based on the number of shares outstanding.\nArk expects there’s a 50% chance of Tesla achieving fully autonomous driving within five years, which could allow the company to scale its planned robotaxi service quickly, according to a Friday note on Ark’s website.\nIt also added Tesla’s insurance business into its model, believing the offering could be rolled out to more states in the next few years with better-than-average margins, thanks to “highly detailed driving data” the company collects.\nWood has been among Tesla’s most ardent supporters, holding large stakes of the company in her flagship fund. When Tesla shares saw a pullback in February, she bought more.\nThe $3,000 target is by far the highest among analysts who cover the company, according to data compiled by Bloomberg.\nAccording to Ark’s new model, in the best case scenario, Tesla could reach $4,000 per share in 2025, and in the bear case, $1,500. The company forecasts Tesla’s unit sales to be between 5 million and 10 million vehicles in 2025, assuming increased capital efficiency.\nThe model didn’t incorporate Tesla’s utility energy storage or solar business, nor did it consider future price fluctuations for Tesla’s Bitcoin holdings.\nBarron’s reported the price target earlier.","news_type":1},"isVote":1,"tweetType":1,"viewCount":44,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321997233,"gmtCreate":1615388126622,"gmtModify":1704782092720,"author":{"id":"3573010789605940","authorId":"3573010789605940","name":"Benzard","avatar":"https://static.tigerbbs.com/32281a4a751aa1ddaef5401aca3db765","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573010789605940","authorIdStr":"3573010789605940"},"themes":[],"htmlText":"EV ?","listText":"EV ?","text":"EV ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321997233","repostId":"1117878459","repostType":4,"repost":{"id":"1117878459","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615387693,"share":"https://ttm.financial/m/news/1117878459?lang=&edition=fundamental","pubTime":"2021-03-10 22:48","market":"us","language":"en","title":"EV  Stocks are blazing hot, once again","url":"https://stock-news.laohu8.com/highlight/detail?id=1117878459","media":"老虎资讯综合","summary":"Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.","content":"<p>Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.</p>\n<p><img src=\"https://static.tigerbbs.com/70b93be4ff8f47a04153fd85595ce8af\" tg-width=\"370\" tg-height=\"234\"></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>EV  Stocks are blazing hot, once 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\">\nEV  Stocks are blazing hot, once again\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-10 22:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Nio&nbsp;up&nbsp;6.87%,Xpeng Motors&nbsp;up&nbsp;5.61%, Li Auto&nbsp;up&nbsp;4.25%&nbsp;and&nbsp;Tesla&nbsp;up&nbsp;4.41%.</p>\n<p><img src=\"https://static.tigerbbs.com/70b93be4ff8f47a04153fd85595ce8af\" tg-width=\"370\" tg-height=\"234\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LI":"理想汽车","TSLA":"特斯拉","NIO":"蔚来","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117878459","content_text":"Nio up 6.87%,Xpeng Motors up 5.61%, Li Auto up 4.25% and Tesla up 4.41%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":145,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}